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 U.S. stocks opened lower on Friday after downbeat data from Europe fueled fears of a slowing global economy following an abrupt dovish turn by the Federal Reserve earlier this week.
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 U.S. stock index futures fell on Friday
after downbeat German data exacerbated fears of a slowdown in
global growth following an abrupt dovish turn by the Federal
Reserve earlier this week.
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U.S. economic growth would be much stronger had the Federal Reserve stopped raising rates sooner, President Donald Trump said in an interview that aired Friday.
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Britain's economy has struggled beneath the weight of Brexit uncertainty for nearly three years, but many business leaders would probably be relieved just to have more of the same for the next few months.
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Indonesian airline Garuda plans to cancel a $6 billion order for Boeing 737 MAX jets, it said on Friday, saying some passengers would be frightened to board the plane after two fatal crashes, although analysts said the deal had long been in doubt.
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 Financial stocks were broadly lower Friday, with the sector headed for a fourth-straight loss, as the benchmark 10-year Treasury yield dropped to a 15-month low in the wake of the Federal Reserve's downbeat economic outlook and disappointing eurozone data. The SPDR Financial Select Sector ETF shed 1.3%, with 67 of 68 components trading lower, and has not dropped 4.4% over the past four sessions. Among the ETF's most-active components, shares of Bank of America Corp. lost 1.4%, Citigroup Inc. gave up 2.4%, J.P. Morgan Chase & Co. slid 0.9% and Regions Financial Corp. slumped 3.1%. Lower long-term interest rates can hurt bank profits, as the spread between what the banks earn on longer-term assets, such as loans, and what they pay to fund the assets with shorter-term liabilities, narrow. The financial ETF has lost 7.1% over the past 12 months, while the Dow Jones Industrial Average has gained 7.9%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Norwegian Air's fleet of 18 Boeing 737 MAX 8 aircraft is not equipped with a cockpit light warning of discrepancies between angle of attack sensors, the company said on Friday.
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'Last chance': EU leaders issue ultimatum to Britain over no-deal Brexit CNBCTusk reveals EU has agreed two week Brexit deal under conditions Daily MailNew 'Brexit Party' will emerge if UK fails to leave The SunThe EU knows it, so do our own MPs - Theresa May is finished The GuardianEurope Is Preparing for the End of Theresa May BloombergView full coverage on Google News
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U.S. President Donald Trump said trade negotiations with China were progressing and a final agreement "will probably happen," adding that his call for tariffs to remain on Chinese imported goods for some time did not mean talks were in trouble.
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Currency pressures are expected to reduce sales growth during the fourth quarter by about 6 percentage points, CFO Andy Campion tells analysts, resulting in low single digit gains compared with a year ago.
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New York Times CEO warns publishers on the dangers of partnering with Apple's upcoming subscription news product CNBCApple's Streaming Service: What to Expect EngadgetNew York Times CEO warns publishers ahead of Apple news launch ReutersApple's TV streaming service: Showtime is upon us at last CNETApple is ready for its Hollywood closeup, but will consumers bite? USA TODAYView full coverage on Google News
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Shares of Foot Locker Inc. dropped 3.7% in premarket trade Friday, in the wake of Nike Inc. stock pullback on a downbeat sales outlook. In Foot Locker's 10-K filing for the fiscal year-ended Feb. 3, 2018 (the 10-K for the year ended February 2019 has not yet been filed), the athletic footwear seller said it was "highly dependent" on Nike, as about 67% of all merchandise bought in 2017 was from Nike, with each operating division buying 44% to 73% of their merchandise from Nike during the year. As a result, Foot Locker said any "adverse development" in Nike could have an "adverse effect on our business, financial condition and results of operations." Nike's stock dropped 4.8% ahead of Friday's open, after the company reported late-Thursday fiscal third-quarter earnings that topped expectations, but sales that matched and provided a fourth-quarter sales growth outlook that was below expectations. Foot Locker's stock has rallied 23% over the past three months through Thursday, while Nike shares have climbed 22% and the Dow Jones Industrial Average has rallied 16%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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2019-03-22 0001193125-19-082951 13 MB
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Which telecom is the best pick for your dividend portfolio?
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Sharing economy unicorn Lyft has turned to the public markets for growth capital. Accordingly, a wide range of investors will be able to purchase Lyft stock, which will trade on the Nasdaq, due to its strong overall ESG profile. The IPO is already oversubscribed.
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The yield curve as measured by the spread between the 3-month Treasury bill and the 10-year note inverted for the first time since 2007, following a sharp rally in longer-dated notes. The spread between the two maturities stood at around negative 2 basis points. On Friday, the 10-year note yield fell nearly 10 basis points to 2.444%, while the 3-month bill held flat at 2.467%, Tradeweb data show. Bond prices move inversely to yields. The last nine times the yield curve has inverted, a recession has followed, according to the San Francisco Fed.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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U.S. stock indexes opened lower on Friday as signs of weakness in Europe's economy underscored worries about sluggish expansion outside of America. The Dow Jones Industrial Average fell 120 points, or 0.5%, at 25,847, pushing its weekly gain into negative territory, according to FactSet data. Meanwhile, the S&P 500 index retreated 0.4% to 2,844, and the Nasdaq Composite Index declined 0.4% to reach 7,807. Both the S&P 500 and the Nasdaq were holding on to solid weekly gains, with the broad-market S&P up 0.8%, while the tech-heavy index is up 1.5% so far this week. Setting the tone for early action on Wall Street was a report on purchasing managers, which pointed to a further slowdown in activity during March after tentative signs of a rebound earlier in the year. The news comes after the Federal Reserve on Wednesday downgraded its economic outlook for the year in the U.S. to 2.1% from 2.3% and signaled that there would be no further increases to interest rates in 2019, citing weakness abroad. Investors also are watching developments surrounding Brexit, with European Union leaders allowing U.K. Prime Minister Theresa May to postpone Britain's deadline for an exit from Europe's trade bloc beyond March 29, but warned that the country could still crash out.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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 Our call of the day from Saxo Bank's Steen Jakobsen advises investors to diversify beyond U.S. shores this year to that trade friend/foe China, which has been pushing hard to keep its own global engine from stalling.
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German 10-year bond yields dived below zero while European shares and the euro fell on Friday after grim data from the continent fuelled fears of a global economic slowdown following this week's dovish turn by the U.S. Federal Reserve.
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Garuda Indonesia has asked to cancel an order for 49 Boeing Co 737 MAX 8 jets, citing a loss of passenger trust following two crashes, although it had been reconsidering the order before the latest disaster in Ethiopia last week.
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* German bund yields turn negative for first time since Oct.
2016
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Names on the move ahead of the open.
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Indonesian airline Garuda said on Friday it would cancel a $6 billion order for Boeing 737 MAX jets, citing concerns over passenger confidence, as Boeing tried to quell safety worries by making a previously optional cockpit warning light compulsory.
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Our call of the day from Saxo Bank's Steen Jakobsen advises investors to diversify beyond U.S. shores this year to that trade friend/foe China, which has been pushing hard to keep its own global engine from stalling.
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 Hyundai Motor shareholders rejected demands for a special dividend and board seats from Elliott Management, dealing a blow to the U.S. hedge fund.
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Syria condemns Trump's stance on Golan Heights sovereignty Aljazeera.comIsraeli PM Benjamin Netanyahu Thanks Trump For Golan Heights Recognition | TIME TIMEIn Golan Heights, Trump Bolsters Israel's Netanyahu but Risks Roiling Middle East The New York TimesTrump support of Golan Heights sovereignty and Netanyahu visit continue US special relationship with Israel Fox NewsTrump's New Contribution to Mideast Chaos The New York TimesView full coverage on Google News
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* Elliott will now seek to rally shareholders on group
revamp-analyst
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 The NBA Hall of Famer will also become a brand ambassador for the pizza chain.
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There's a lot of negative focus early today amid weak European data, a canceled order for Boeing jets, Nike earnings, and falling Treasury yields.
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* Bank expects significantly higher litigation costs in 2019
(Adds Verdi union and politician comment, Blackrock)
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Deutsche Bank paid its management board members their first bonuses in four years in 2018, with Christian Sewing's 7 million euro ($8 million) total package making him one of the best paid chief executives in European banking.
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Here are three stocks that could make big headlines down the road.
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Germany's Justice Minister on
Friday said she would hardly have expected such "frightening
unprofessionalism" from Facebook after the company acknowledged
a glitch that exposed passwords of millions of users to its
employees.
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Deutsche Bank paid its management board members their first bonuses in four years in 2018, with Christian Sewing's 7 million euro ($8 million) total pay package making him one of the best paid chief executives in European banking.
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Shares of Nike Inc fell 4 percent on Friday after the sportswear maker's North America sales fell short of estimates for the first time in a year, but Wall Street analysts seemed more enthused about its new products and online growth.
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 NBA Hall of Famer Shaquille O'Neal is joining Papa John's as a board member and brand ambassador as the company continues to emerge from scandal.
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Crypto Market Commentary March 22, 2019
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The Latest: Non-EU Norway still worried over no-deal Brexit ABC NewsTusk reveals EU has agreed two week Brexit deal under conditions Daily MailBrexit extension: 'We are at the moment of decision' - BBC News BBC NewsEurope Is Preparing for the End of Theresa May BloombergThe EU knows it, so do our own MPs - Theresa May is finished The GuardianView full coverage on Google News
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 While population growth is slowing at an alarming rate nationwide, some cities are bucking the trend, reporting booming growth in recent years.
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The president endorsed the public release of Special Counsel Robert Mueller's coming report on possible ties between the Trump campaign and Russian election meddling. Here's what it would take for investors to take notice.
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Hint: It's all about being financially responsible.
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Shares in Levi Strauss & Co surged 31 percent in their debut on Thursday, giving the jeans maker a market value of $8.7 billion and suggesting strong investor appetite before much-awaited listings from Lyft and Uber.
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The information was held in a readable format within the company's internal data storage systems. Facebook says it "found no evidence to date" of abuse.
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Trouble brewing: MillerCoors sues Bud Light over ongoing corn-syrup controversy Fox NewsMillerCoors files lawsuit against Anheuser-Busch over corn syrup ad WISN MilwaukeeMillerCoors sues Anheuser-Busch over controversial Bud Light Super Bowl ad CNBCMillerCoors sues AB InBev over corn syrup campaign AdAge.comMillerCoors Sues Anheuser-Busch Over Bud Light's Corn Syrup Ads The Wall Street JournalView full coverage on Google News
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The Fed on Wednesday kept interest rates steady and slashed all projections of a rate hike this year. Still, S&P Global Ratings said the central bank is "not yet done" with rate hikes, predicting another will come this year or early next year.
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General Motors Co will announce on Friday plans to invest $300 million in a suburban Detroit plant that builds electric and self-driving vehicles for Chevrolet and the automaker's self-driving Cruise unit, two people familiar with the plans said on Thursday.
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