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California Governor Gavin Newsom: Last year, Trump and Republicans opted to raise Medicare premiums for millions of Americans in the Affordable Care Act (ACA) market. My proposed budget will continue to offer $0 premium Medicare plans for low-income Californians to help clean up the fiscal mess Trump created.Israel Defense Forces: The alarm that just sounded in the Majidal Shams area has been confirmed as a false alarm.1. Ukraines Ministry of Development: Russia attacked a grain terminal at a Ukrainian port, injuring seven people. 2. Russias Ministry of Defense: Russian forces conducted a large-scale offensive against Ukraine from May 12 to 15. 3. The commander of Ukraines drone force stated that Ukrainian drones attacked a Russian oil refinery in the Ryazan region. 4. Irans Foreign Minister confirmed that talks have been held with Russia regarding a proposal to store enriched uranium. 5. Russias Foreign Minister: Russia hopes to end the war with Iran and achieve a sustainable solution. 6. Russias Ministry of Defense: The UAE-mediated exchange of war prisoners between Russia and Ukraine will take place on Friday. 7. According to industry sources and Reuters calculations, Russias seaborne exports of petroleum products fell 9.8% month-on-month in April. 8. Russian State Statistics Service: Russias GDP fell 0.2% year-on-year in the first quarter, compared to a 1% increase in the previous quarter.On May 16, the 11th Review Conference of the Treaty on the Non-Proliferation of Nuclear Weapons (NPT) continued at the United Nations Headquarters in New York. China called on relevant nuclear-weapon states to withdraw their overseas-deployed nuclear weapons to their own territories and to avoid new deployments on foreign soil. Regarding nuclear sharing arrangements, China believes that this issue involves nuclear disarmament and should be examined from the perspective of preventing nuclear proliferation. China expressed serious concern about existing nuclear sharing and extended deterrence arrangements and called on relevant nuclear-weapon states to withdraw their overseas-deployed nuclear weapons to their own territories and to avoid new deployments on foreign soil. China also stated that the serious imbalance between the supply and demand of sensitive nuclear materials in certain countries deserves serious attention. The International Atomic Energy Agency (IAEA) needs to strengthen its research and monitoring of related issues to prevent actions that are inconsistent with the NPT.NIO (NIO.N): As of May 16, NIO has built 8,868 charging and battery swapping stations nationwide, including 3,848 battery swapping stations, 5,020 charging stations, and 28,853 charging piles, providing more than 100 million battery swaps to date.

Dow Futures Decline While Indices Drop For Third Session

Skylar Williams

Aug 31, 2022 11:14

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Futures for U.S. equities were trading flat on Tuesday evening, as key benchmark indices extended down for a third consecutive day and investors maintained their retreat in response to Jerome Powell's hawkish remarks at the Jackson Hole Symposium last week.


At 7:20pm ET (11:20pm GMT), Dow Jones Futures were down 0.1%, while S&P 500 Futures were basically stable and Nasdaq 100 Futures were up 0.1%.


In extended trading, shares of Chewy (NYSE:CHWY) fell 11% after the company reported Q2 losses of $0.12 per share, in line with expectations, and revenue of $2.43 billion, vs $2.44 billion projected.


PVH Corp. (NYSE:PVH) declined 3.3% after reporting second-quarter earnings per share of $2.08, above expectations of $2.00, and revenue of $2.13 billion, vs $2.21 billion expected. The firm has announced a 10% reduction in its global workforce.


HP Inc. (NYSE:HPQ) declined 6% after posting EPS of $1.04 for the third quarter, which was in line with market expectations. The actual revenue was $14.66 billion, as opposed to the anticipated $15.69 billion.


Crowdstrike Holdings Inc (NASDAQ:CRWD) fell 0.3% after reporting Q3 earnings of $0.36, above projections of $0.28, on revenue of $535.15 million compared to $515.98 million expected.


Ambarella (NASDAQ:AMBA) fell 6.5% after posting second-quarter earnings per share of $0.20, which was slightly over analyst projections of $0.20. Actual revenue was $80.88 million compared to the forecasted amount of $80.19 million.


ChargePoint Holdings Inc (NYSE:CHPT) climbed 1.5% after reporting second-quarter losses of $0.21 per share, which exceeded the average forecast of $0.20 per share. Contrary to expectations, the second quarter's sales came in at $81.63 million, as opposed to $76.1 million.


Hewlett Packard Enterprise (NYSE:HPE) climbed 1.7% after reporting earnings per share of $0.48 for the third quarter, well above the consensus estimate of $0.47, and revenue of $6.95 billion, exceeding the average estimate of $6.85 billion.


Wednesday's session will be highlighted by remarks from the Federal Reserve's Mester and Bostic, as well as Chicago PMI and ADP employment data.


During Tuesday's regular trading session, the Dow Jones Industrial Average dropped 308.1 points, or 1%, to 31,790.9, the S&P 500 slid 1.1% to 3,986.16, and the NASDAQ Composite dropped 1.1% to 11,883.1.


CB consumer confidence came in above estimates at 103.2, up from 95.3 last month, while JOLTs Job Openings also surprised to the upside, climbing to 11.239 million, beyond forecasts of 10.475 million and up from 11.040 last month.


The 10-Year U.S. bond market interest rate was 3.112%.

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