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Morning Brief: China open to resuming trade talks with US

Thursday, September 13, 2018

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What to watch today

On Thursday, investors will get key inflation data in the morning with the August report on consumer prices set for release at 8:30 a.m. ET. Expectations are for “core” CPI — which strips out the more volatile costs of food and gas — to show an increase of 2.4% over the prior year. This would be in-line with the increase seen in June.

Investors will also get the weekly report on initial jobless claims.

The earnings calendar on Thursday will also bring investors the only two S&P 500 members reporting results this week, with Kroger (KR) and Adobe (ADBE) releasing quarterly updates.

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Top news

REUTERS/Carlos Barria/File Photo

China welcomes US invitation for trade talksThe Trump administration has invited Chinese officials to restart trade talks, the White House’s top economic adviser said on Wednesday, news that gave a lift to Asian stocks, including Chinese shares and the yuan currency. [Reuters]

Apple unveils new iPhones, Apple Watch Series 4Apple CEO Tim Cook took the stage at the Steve Jobs Theater at Apple’s (AAPL) headquarters on Wednesday to reveal its latest devices. And Yahoo Finance got a first look at them. 

Hershey to buy cheese puffs maker Pirate Brands: Hershey Co. (HSY) said it would buy Pirate Brands from B&G Foods Inc (BGS) for $420 million in an all-cash deal, giving the chocolate maker rights to snack brands such as Pirate’s Booty, Smart Puffs and Original Tings. [Reuters]

Takeda to weigh sale of Shire eye drug: Takeda Pharmaceutical Co. is weighing the sale of a Shire Plc eye care business once its $62 billion purchase of the U.K.-listed biotech firm is completed, as it seeks ways to cut the debt raised to fund the deal, people familiar with the matter said. [Bloomberg]

Whole Foods to bring back employee stock option programA week after some Whole Foods employees called to unionize, the Amazon-owned grocery chain vowed to improve employee benefits and company culture by introducing new programs in the first half of 2019, according to a letter reviewed by Yahoo Finance. [Yahoo Finance]

Stewart Thomason places sandbags that he used for previous hurricanes and tarp to prevent the flooding from rain at his home on the Isle of Palms,S.C. ahead of Hurricane Florence on Wednesday, Sept. 12, 2018. South Carolina Gov. Henry McMaster told reporters Wednesday that the storm could bring more rain to the state than 1989’s devastating Hurricane Hugo. (Grace Beahm Alford/The Post And Courier via AP)

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The Morning Brief provides a quick rundown on what to watch in the markets, top news stories, and the best of Yahoo Finance Originals.