Stock futures crept higher on Tuesday, Aug. 22, after a hawkish speech from the president set off defense names. Dow Jones Industrial Average futures were up 0.07% and S&P 500 futures added 0.11%, while Nasdaq futures gained 0.29%. were higher in premarket trading after President Donald Trump outlined his plans for the long-running conflict in Afghanistan.
Provident Financial Plc slumped the most on record after the British subprime lender forecast a full-year loss and revealed it’s being probed by regulators. Chief Executive Officer Peter Crook stepped down. The U.K. Financial Conduct Authority is investigating the Vanquis Bank credit-card unit, and the regulator had previously ordered Provident to stop offering a particular repayment product, the company said Tuesday.
Sometimes you wish things had gone better between two smart people who don't have to be foes. That's how I felt after listening to Carlos Rodriguez, the president and CEO of Automatic Data Processing (ADP) , after he was on Mad Money tonight. Bill Ackman's Pershing Square controls 8% of the company's stock and has produced a voluminous and accusatory white paper about how the company could do much better. Today the company's board said it will not accept his three nominees. After listening to Rodriguez, it makes little sense to me why Ackman didn't sit down with him and go over the issues that he has with ADP. I think there would be less distance and acrimony had there been a sit-down and the