Inventory futures down sharply on Covid, economic expansion anxieties

The produce on the benchmark 10-yr Treasury was reduced Monday, slipping down below 1.25% and hitting its cheapest amount in five months. Yields shift inversely to selling prices. (CNBC)

The Countrywide Association of Property Builders is out with its July sentiment index, expected to continue to be at June’s 81 stage, which experienced been the least expensive level in 10 months. Though nearly anything previously mentioned 50 is seen as optimistic, the index it hit a file of 90 in November.

AutoNation (AN), Cal-Maine Meals (Quiet) and Tractor Provide (TSCO) are between the organizations releasing quarterly earnings this morning, although IBM (IBM), JB Hunt Transport (JBHT), Zions Bancorp (ZION) and PPG Industries (PPG) will be out with quarterly figures right after today’s closing bell.

* OPEC+ oil offer sends price ranges reduced — and this could be a acquiring opportunity (CNBC)

Zoom Online video Communications (ZM) plans to purchase program agency 59 (FIVN) in an all-inventory offer valued at $14.7 billion, the firm’s very first billion-dollar acquisition. The transaction, announced Sunday, will come as extra corporations change absent from completely distant get the job done during the Covid-period and bring staff members back again to the workplace. California-based 59, which finished Friday with a market place cap of practically $12 billion, is a provider of cloud get in touch with heart software package. (CNBC)

Pershing Square Tontine Holdings, a special intent acquisition business backed by Bill Ackerman, declared Monday it no for a longer time programs to get 10% of Vivendi’s Universal Tunes Group. The SPAC’s board unanimously made a decision from the about $4 billion deal, in accordance to a shareholder letter, following conversations with the Securities and Exchange Commission. When it was announced early last month, the proposed SPAC transaction was noteworthy not only for its dimensions, but for the complexity of its multipart composition. (CNBC)

Robinhood is eyeing a current market valuation of up to $35 billion in its prepared original community providing, according to an amended SEC filing introduced Monday. In the up to date prospectus, the brokerage app will search to sell shares at $38 to $42 apiece. (CNBC)

* Household insurance policy organization Kin to go public by using SPAC merger (CNBC)

The joint 1st action of a recently designed cybersecurity alliance — made up of NATO member states, the European Union, Japan, Australia and New Zealand — will be to blame a major cyberattack on Microsoft Trade e-mail servers on China’s Ministry of Point out Stability. (CNBC)

Just about all of the remaining Covid limits in England have been lifted Monday, even as coronavirus situations throughout the U.K. are rising. “Please, be sure to, make sure you be careful,” Prime Minister Boris Johnson reported in a assertion. Johnson experienced currently delayed England’s lifting of most Covid limits when due to the very transmissible delta variant, which community-overall health gurus throughout the world have warned could derail progress in combating the pandemic. (CNBC)

* ‘It’s a gamble’: England’s ‘big bang’ easing of Covid policies could go possibly way, authorities be aware (CNBC)

Ingersoll-Rand (IR) has been rebuffed in its bid to initiate takeover talks with producing gear maker SPX Flow (SPXC), according to folks familiar with the make a difference who spoke to Reuters. The resources explained the most current for every-share offer you was in the reduced $80s, which SPX Movement is claimed to have dismissed as inadequate.

Johnson & Johnson (JNJ) is reportedly exploring a prepare to offload talc-connected liabilities into a new organization that would then file for personal bankruptcy. Folks common with the make any difference who spoke to Reuters explained these kinds of a transfer could end result in reduced payouts to those who do not settle their instances prior to a trial. J&J faces quite a few allegations that its toddler powder and other talc-related solutions have triggered most cancers.

Tesla (TSLA) is giving customers of its FSD high quality driver support service on a subscription basis for $199 for every thirty day period, fairly than for a $10,000 up entrance payment.

Autodesk (ADSK) has finished takeover talks with Australia-based software program maker Altium. The transfer comes numerous months following Altium turned down a additional than $3.7 billion takeover offer you from Autodesk.

Xpeng (XPEV) priced the base model of its new P5 electric powered sedan at about $24,700, undercutting the price tag of Tesla’s newly introduced more affordable model of its Model 3 sedan.

AMC Networks (AMCX) will shell out $200 million to end a legal dispute over profits from the hit Tv set exhibit “The Going for walks Dead.” It will spend $143 million to settle the go well with, and will spend the restr to purchase the remaining rights to the show from govt producer Frank Darabont and Artistic Artists Agency.