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Apple to unveil video streaming and news subscription services: Morning Brief

Monday, March 25, 2019

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WHAT TO WATCH

U.S. stock futures fell Monday before market open amid global growth concerns. Apple (AAPL) is expected to continue its campaign to try and convince investors that its future is in services rather than hardware. The tech giant is widely anticipated to unveil two new offerings at its Monday special event: a video streaming service and news subscription platform.

On the economic calendar, the Chicago Fed National Activity Index (-0.25 expected, -0.43 prior) and Dallas Fed Manufacturing Activity (9.6 expected, 13.1 prior) will release February data Monday morning.

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TOP NEWS

Special Counsel Robert Mueller. [Credit: AP]

The Mueller probe was money well spent: Republicans are gloating. Democrats are despondent. If there’s a common thread among reactions to the first glimpse into the Mueller report, it’s a sense that it was much ado about nothing. But the entire 22-month investigation and $30 million-plus price tag for it was worth it. [Yahoo Finance]

Finance optimism in UK falls at fastest rate since 2008: Optimism among financial services companies is falling at its fastest rate since the height of the financial crisis amid a Brexit “national emergency”, according to a survey published on Monday. The Confederation of British Industry (CBI) and PwC surveyed 84 financial services and found their optimism about UK business conditions declined by 45% in the first quarter of 2019. That was the worst reading since 2008. [Yahoo Finance UK]

Thermo Fisher to buy Brammer Bio: Thermo Fisher Scientific Inc, (TMO) the world's largest maker of scientific instruments, said on Sunday it has agreed to buy Brammer Bio in a roughly $1.7 billion cash deal. [Reuters]

Boeing invites pilots, regulators to briefing: Boeing Co, (BA) said it invited more than 200 global airline pilots, technical leaders and regulators for an information session on Wednesday as it looks to return the 737 MAX to commercial service. [Reuters]

Uber to seal deal to buy Careem this week: Uber Technologies Inc. is set to announce a $3.1 billion cash-and-share deal to acquire its Dubai-based rival Careem Networks FZ as early as this week, according to people with knowledge of the matter. [Bloomberg]

The most socialistic and most capitalistic Democrats running for president: An exclusive Yahoo Finance analysis pinpoints the economic stance of 15 presidential candidates. [Yahoo Finance]

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