- Reuters/Jean-Paul Pelissier
Here is what you need to know.
Hillary Clinton has pneumonia. The Democratic presidential nominee was found to have pneumonia after she felt “overheated” at a memorial marking the 15th anniversary of the September 11, 2001, terrorist attacks.
The EU’s former chief executive is under an ethics investigation. Jose Manuel Barroso is under an ethics investigation to see whether he broke any laws by taking a job at Goldman Sachs to help the firm deal with the British exit from the European Union, Reuters reports.
Oil is getting smoked. West Texas Intermediate crude oil is lower for a second day, down 2.1% at $44.94 a barrel. The two-day sell-off has wiped away Thursday’s gain of more than 4%.
Linde and Praxair are ending merger talks. The Wall Street Journal reports that the deal, which would have created a $60 billion industrial gas giant, is being called off because Linde says “governance aspects did not result in a mutual understanding.”
Samsung is selling its printer business to HP. The $1.05 billion deal will help HP expand its footprint in the printer and copier business, and HP expects the deal to be accretive to earnings in the first year, Bloomberg says.
Samsung got destroyed after announcing the Galaxy 7 Note recall. Shares of Samsung tumbled 7% on Monday, and have lost $22 billion in market cap over the past two days after the company told users to return their phones because faulty batteries were catching fire.
Tesla announced big improvements to Autopilot. CEO Elon Musk says the new updates will make vehicles with Autopilot three times as safe as those without the feature.
Stock markets around the world are lower. Hong Kong’s Hang Seng (-3.4%) was hit hard in Asia, and Spain’s IBEX (-2.5%) leads the losses in Europe. S&P 500 futures are down 14.75 points at 2,101.25.
Earnings reporting is light. Manchester United reports ahead of the opening bell, and United Foods releases its quarterly results after markets close.
Fed speak is plentiful. Atlanta’s Dennis Lockhart, Minneapolis’ Neel Kashkari, and Fed Gov. Lael Brainard will speak at 8:05 a.m., 1 p.m., and 1:15 p.m., respectively. The US 10-year yield is up 1 basis point at 1.69%.