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U.S. stock-index futures headed south in thin trading Sunday evening following a weekend of violent protests over the death of a black man, George Floyd, early last week in Minneapolis while in policy custody. The protests, spanning from Los Angeles to New York, resulted in violent clashes between civilians and law enforcement, and led some to speculate that it could complicate efforts by cities and states to recover from one of the worst public health disasters in more than century. "The indirect impact on the fragile collective psyche of businesses and consumers could be more serious," Mark Zandi, chief economist of Moody's Analytics, told MarketWatch. "Just when people were starting to come out of the proverbial bunkers, the protests may be too much for them, and they will go back in," he speculated, referencing consumers reluctance to go out shopping in the wake of the viral outbreak. "The protests are also symptomatic of just how deep the economic problems and racial tensions go in our country," the economist said. Although the riots, fueled by deep-seeded concerns about racial injustice in America, aren't expected to have long-term economic implications, protests did slam the stores of major retailers owned by Target Corp. , Walmart Inc. and Nike Inc. , which are still swooning from the pandemic and were caught up in looting and vandalism that ensued during the weekend protests. Apple Inc. also said it would close some of its stores due to looting fears. Futures for the Dow Jones Industrial Average were off 160 points, or 0.6%, at 25,217, those for the S&P 500 index were 0.6% lower at 3,023.75, while Nasdaq-100 futures were 0.6% lower at 9,507.75. The protests across many major cities in the U.S. center on the death of Floyd, who is black, and perished on Monday following a confrontation with police in Minneapolis in which one officer, Derek Chauvin, was captured on videos driving his knee on Floyd's neck until the handcuffed man lost consciousne
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 (Bloomberg) -- U.S. stock futures retreated, while Asian equities were largely mixed in early Monday trading, as investors weighed the violent protests in some American cities that have stoked concerns about a reacceleration in infection rates and a damper on the economic recovery.The yen and gold edged up. S&P 500 futures retreated and shares in Japan and Sydney opened flat. With Amazon scaling back deliveries and Apple closing some stores Sunday, investors are gauging how violence over the weekend will affect the reopening of the world's largest economy. Crude oil fell. China's markets will be taking in President Donald Trump's latest barrage of China criticism, which stopped short of tough sanctions over Hong Kong.Traders on Monday will also take stock of a slew of manufacturing PMIs due, including from South Korea and Taiwan, after Chinese data over the weekend showed a continued bumpy recovery. The demonstrations in the U.S. could add another layer of complexity after a two-month rally in global equities from March lows."The reopening could be disrupted and that can affect local state economies that just began to emerge from the pandemic," said Ben Emons, managing director for global macro strategy at Medley Global Advisors.Here are some key events coming up:Australia's central bank is expected to keep its main policy programs unchanged on Tuesday. So too is the case for Canada, which has options to add stimulus but will probably stand pat on Wednesday to allow more time to evaluate the progress
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U.S. stock-index futures headed south in thin trading Sunday evening following a weekend of violent protests over the death of a black man, George Floyd, early last week in Minneapolis while in policy custody. The protests, spanning from Los Angeles to New York, resulted in violent clashes between civilians and law enforcement, and led some to speculate that it could complicate efforts by cities and states to recover from one of the worst public health disasters in more than century. "The indirect impact on the fragile collective psyche of businesses and consumers could be more serious," Mark Zandi, chief economist of Moody's Analytics, told MarketWatch. "Just when people were starting to come out of the proverbial bunkers, the protests may be too much for them, and they will go back in," he speculated, referencing consumers reluctance to go out shopping in the wake of the viral outbreak. "The protests are also symptomatic of just how deep the economic problems and racial tensions go in our country," the economist said. Although the riots, fueled by deep-seeded concerns about racial injustice in America, aren't expected to have long-term economic implications, protests did slam the stores of major retailers owned by Target Corp. , Walmart Inc. and Nike Inc. , which are still swooning from the pandemic and were caught up in looting and vandalism that ensued during the weekend protests. Futures for the Dow Jones Industrial Average were off 214 points, or 0.8%, at 25,171, those for the S&P 500 index were 0.8% lower at 3,017.25, while Nasdaq-100 futures were 0.8% lower at 9,483. The protests across many major cities in the U.S. center on the death of Floyd, who is black, and perished on Monday following a confrontation with police in Minneapolis in which one officer, Derek Chauvin, was captured on videos driving his knee on Floyd's neck until the handcuffed man lost consciousness and later died. To be sure, investors will be focused on the continued reopening
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 It's been another difficult year for General Electric Company (NYSE: GE) investors, with the stock down another 40.7% year to date to under $7.One Wall Street analyst said GE's 2020 sell-off is a buying opportunity for long-term investors, but they should keep their near-term free cash flow expectations in check.The GE AnalystBank of America analyst Andrew Obin reiterated his Buy rating and $11 price target for GE stock.The GE ThesisGE and its investors started off the year with relatively high hopes for FCF. At an investor conference this week, GE CEO Larry Culp suggested the economic downturn will likely make 2020 another negative FCF year for GE.GE is now projecting negative industrial FCF of between $3.5 billion and $4.5 billion in the second quarter alone.Looking ahead, Obin said he anticipates a slow pace of recovery for GE's aviation business. However, he projects a stronger rebound in GE's health care business given orders for products diagnosing and treating COVID-19 more than doubled in the second quarter. Meanwhile, supply chain issues impacting GE's power and renewables segment are improving, and the company is on track to ship at least 45 heavy-duty gas turbines in 2020.While the downturn has been a bump in the road for GE, Obin said he believes GE should be able to weather the storm."We see GE having the financial flexibility to weather near-term revenue declines and continue its turn-around progress," he wrote in a Friday note.Benzinga's TakeIt seems GE's financial situatio
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