Advertisement
Canada markets close in 5 hours 57 minutes
  • S&P/TSX

    21,951.29
    +65.91 (+0.30%)
     
  • S&P 500

    5,096.92
    +48.50 (+0.96%)
     
  • DOW

    38,272.04
    +186.24 (+0.49%)
     
  • CAD/USD

    0.7321
    -0.0003 (-0.03%)
     
  • CRUDE OIL

    83.96
    +0.39 (+0.47%)
     
  • Bitcoin CAD

    87,976.49
    +1,464.73 (+1.69%)
     
  • CMC Crypto 200

    1,333.34
    -63.19 (-4.53%)
     
  • GOLD FUTURES

    2,351.90
    +9.40 (+0.40%)
     
  • RUSSELL 2000

    1,995.48
    +14.36 (+0.72%)
     
  • 10-Yr Bond

    4.6550
    -0.0510 (-1.08%)
     
  • NASDAQ

    15,877.12
    +265.36 (+1.70%)
     
  • VOLATILITY

    15.35
    -0.02 (-0.13%)
     
  • FTSE

    8,129.76
    +50.90 (+0.63%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • CAD/EUR

    0.6833
    +0.0012 (+0.18%)
     

Stocks slip to start week; Alcoa's great divide; Trump talks taxes

It's a new week, but some old concerns are on the minds of investors--  the Fed and jobs.  Stocks (^GSPC) may be driven by comments from Chair Janet Yellen and other central bankers scheduled to speak this week. And on Friday the Labor Department releases its September employment report.

Yahoo Finance Senior Columnist Michael Santoli believes of those two, Fed comments will likely carry more weight on Wall Street.

"We're going to be more preoccupied with the 'Fedspeak' especially as it relates to the behavior of global markets," he says. "Last Thursday Janet Yellen did say she still stands among those who still think a rate increase is probably going to be appropriate before the end of this year, but the real question is, can global conditions accomodate that view."

Get the Latest Market Data and News with the Yahoo Finance App

ADVERTISEMENT

Bud bid soon?

Here are some of the stocks the Yahoo Finance team will be watching for you today.

Anheuser-Busch InBev (BUD)  Reports from Britain say the world's biggest beermaker could make a bid for #2 SABMiller as soon as this week.  The two brewers announced two weeks ago the maker of Budweiser might make a play for its main rival.

Media General (MEG) Nexstar Broadcasting Group (NXST) group is making a bid for the TV-station owner.  Nexstar says its offer is better for Media General shareholders than the agreement Media General made earlier this month to buy Meredith (MDP). Nexstar's $14.50 a share offer is a 30% premium to Media General's closing price on Friday.

Williams Companies (WMB) The energy company was sold to Energy Transfer Equity for $32.6 billion. The agreement values Williams Companies shares at $43.50 cents each.  That's a little less than $2 above Friday's closing price.

Vodafone (VOD) The British telecom giant is ending talks to swap assets with UK cable provider Liberty Global (LBTYK).  The two sides apparently could not agree on the value of their businesses.  The talks were announced back in June, and Liberty head John Malone had told Bloomberg the two companies were a great fit.

Cal-Maine Foods (CALM) The country's largest egg producer missed profit estimates, but revenue came in higher than expected in its fiscal first quarter. Cal-Maine says sales soared 71% as egg prices rose...but noted the industry is still feeling the effects of bird flu in the Midwest which has limited production.

American Apparel (APP) The New York Stock Exchange has filed a notice of delisting with the retailer, suggesting it execute a reverse stock split to shore up the value of its shares.  The company has until October 9th to explain how it plans to meet NYSE listing requirements. American Apparel has been trying to stay out of bankruptcy as it continues a long, drawn-out battle with founder and former CEO Dov Charney.

Alcoa split

Alcoa (AA) shares are on the move as the company announces it will split into two. The aluminum producer will separate its legacy commodity side, which will keep the Alcoa name, from it’s newer, metal products businesses.

Now a to surprise move that has environmentalists jumping for joy. Royal Dutch Shell (RDS-A) has abandoned its controversial offshore drilling operation in the Arctic Ocean near Alaska, only a month after it received approval from the Obama administration to do so, because of lackluster results.

Donald Trump is looking to add some more substance to his campaign. During a 60 Minutes interview last night, The Donald revealed a few tidbits of his new tax plan being unveiled today.

More from Yahoo Finance

Why an antitrust case against Google’s Android is not a slam dunk
Bill Gross down, but not out, after Pimco tops him
‘A nickel ain’t worth a dime anymore’ - Yogi’s financial wisdom
Hillary’s tough talk threatens biotech’s lofty valuations