Tuesday, March 26, 2019
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WHAT TO WATCH
Investors will get a pulse on the U.S. housing market when the Commerce Department releases February’s housing data ahead of the market open.
The data comes on the heels of strong housing data reported for January. U.S. housing starts jumped 18.6% to a seasonally adjusted annual rate of 1.230 million units during the month. Though economists don’t think February’s data will be quite as strong as January’s, they are anticipating that the U.S. economy added a seasonally adjusted 1.220 million units during the month.
Airbus secures $35B China deal in new blow to Boeing: Airbus SE secured a $35 billion jet deal from China during a state visit by President Xi Jinping to the French capital, dealing a blow to Boeing Co. (BA) as it grapples with the grounding of its best-selling jet. [Bloomberg]
Apple unveils Apple TV Plus streaming service with Hollywood heavyweights: Apple (AAPL) on Monday unveiled its long-awaited video streaming service. Dubbed Apple TV Plus and debuting this fall, the service will be available through the Apple TV app, which will now be offered across Apple devices as well as smart TVs from a slew of manufacturers. [Yahoo Finance]
More of our coverage on Apple:
May loses control of Brexit process as parliament takes over: The U.K. Parliament seized control of the Brexit process from Prime Minister Theresa May and will now seek to decide how Britain exits the European Union. [Bloomberg]
Ackman's Pershing Square zooms ahead: For months, activist investor William Ackman promised to rebuild his record. Now he has some numbers to prove it. Since Jan. 1, Pershing Square Holdings has gained 31.9%, making it the best start to a year in the firm's 15-year history, Ackman wrote in a letter released on Monday. [Reuters]
McDonald's spends millions on tech to make over drive-thrus: McDonald’s (MCD) revealed Monday its biggest acquisition in more than 20 years, acquiring privately held tech platform Dynamic Yield. McDonald’s didn’t disclose a purchase price but a source close to the matter said McDonald’s plunked down in excess of $300 million for Dynamic Yield. [Yahoo Finance]
Uber buys Mideast rival Careem: Ride-hailing service Uber announced on Tuesday it has acquired Mideast competitor Careem for $3.1 billion, giving the San Francisco-based firm the commanding edge in a region with a large young, tech-savvy population. [Associated Press]
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