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Strong Monday rally seen continuing at open on Wall Street

Berkeley Lovelace Jr.
Lucas Jackson | Reuters. These are the stocks posting the largest moves before the bell.

HURRICANE IRMA

Irma

weakened to a tropical depression late Monday

as officials slowly pieced together the scope of the storm's destructive path across the peninsula. Six deaths in Florida have been blamed on Irma, along with three in Georgia and one in South Carolina. At least 35 people were killed in the Caribbean. (USA Today)

*

Hurricane Jose looping in the Bermuda Triangle

(Weather Channel)

Parts of the storm-ravaged Florida Keys

will allow residents to return this morning

to survey damage from Hurricane Irma, which devastated the state with high winds and storm surges that destroyed homes and left millions without power. (Reuters)

*

With 7.4 million without power, utility workers get respect

(Reuters)

*

Disney World, Universal to reopen today after Irma

(ABC News)

*

Port Tampa Bay to reopen today to fuel tankers

(Tampa Patch)

Financial institutions with exposure to U.S. properties hit by hurricanes Harvey and Irma

are tempering their loss estimates.

Late last week, reports that the vast majority of homeowners hit by Harvey had no flood insurance stoked fears about a wave of foreclosures and substantial losses for heavily exposed banks.

*

When Irma turned west 'you could hear a sigh of relief,' Florida insurer says

(CNBC)

*

Here are some of the records Hurricane Irma set

(CNBC)

Florida's agriculture industry took a big hit from Hurricane Irma

, with early estimates showing up to 30 percent of some major crops had losses. There are no official reports of damage totals but the value of Florida's citrus last year exceeded $1 billion and sugar cane topped $561 million. (CNBC)

IN THE NEWS TODAY

A new plan to repeal and replace major parts of Obamacare

is set to be unveiled by two Republican senators

. NBC News reports that it had obtained a 23-page summary draft of the bill to be proposed by Lindsey Graham of South Carolina and Bill Cassidy of Louisiana. (NBC News)

Senate leaders are

scrambling to come up with a budget deal

to clear the way for tax reform. Majority Leader Mitch McConnell and GOP members of the Budget Committee are meeting today with two top Trump administration officials to plot breaking the budget stalemate. (AP)

White House lawyers this summer urged President Trump's son-in-law Jared Kushner

step down from his role

amid a broadening probe into whether the Trump campaign coordinated with Russians in the 2016 election, the Washington Post finds. (Washington Post)

Leaders of the Senate Finance Committee

demanded answers from Equifax

about its major data breach, including pressing for more details about three Equifax executives who sold shares after the breach was discovered. (NYT via CNBC)

The United Nations

unanimously adopted its strongest sanctions on North Korea.

It aims at depriving Pyongyang of more than a billion in annual revenues and boosting pressure on Kim Jong Un's regime after its recent nuclear test. (Financial Times)

China's U.N. Ambassador called on North Korea to

"take seriously the expectations and will of the international community"

to halt its nuclear and ballistic missile development. He also called on all parties to remain "cool-headed" and not stoke tensions. (Reuters)

Social Finance said late Monday that Chairman and CEO

Mike Cagney would step down by the end of the year.

In a note to employees, Cagney said that recent litigation brought against the company and "negative press have become a distraction from the company's core mission." (WSJ)

Samsung said pre-orders of its Galaxy Note 8 smartphone exceeded its expectations, as the South Korean company

seeks to move beyond last year's safety debacle

and braces for Apple's iPhone debut later today. (Financial Times)

STOCKS TO WATCHEquifax (EFX) is seeing lawsuits pile up related to the massive data beach that may affect as many as 143 million Americans. More than 30 lawsuits have been filed in the US so far, with Equifax shares falling more than 20 percent since the breach was disclosed last Thursday.21st Century Fox (FOXA) has joined the court challenge against a CBS (CBS) deal to buy Australian TV broadcaster Ten Network Holdings. A private company controlled by Fox Executive Chairman Lachlan Murdoch has challenged the CBS deal in court and wants to revise its own bid.Amazon (AMZN) saw a 25 percent increase in foot traffic at its Whole Foods grocery chain over the two days following the implementation of price cuts, according to the New York Post.Western Digital (WDC) may or may not have a deal to buy Toshiba's chip unit, in a long-running takeover process. Published reports in Japan say Toshiba has agreed to sell the unit to a group led by Western Digital for $18.3 billion, but Toshiba has denied the report and said it is continuing to evaluate bids.Teva Pharmaceutical (TEVA) has agreed to sell its Paragard contraceptive brand to a unit of Cooper Companies (COO) for $1.1 billion in cash.WATERCOOLER

The widely-anticipated Apple event is today, but almost everything the company is set to announce was leaked to the press over the weekend, including new information on the high-end iPhone X.

Here are the spoilers.

(CNBC)

HURRICANE IRMA

Irma

weakened to a tropical depression late Monday

as officials slowly pieced together the scope of the storm's destructive path across the peninsula. Six deaths in Florida have been blamed on Irma, along with three in Georgia and one in South Carolina. At least 35 people were killed in the Caribbean. (USA Today)

*

Hurricane Jose looping in the Bermuda Triangle

(Weather Channel)

Parts of the storm-ravaged Florida Keys

will allow residents to return this morning

to survey damage from Hurricane Irma, which devastated the state with high winds and storm surges that destroyed homes and left millions without power. (Reuters)

*

With 7.4 million without power, utility workers get respect

(Reuters)

*

Disney World, Universal to reopen today after Irma

(ABC News)

*

Port Tampa Bay to reopen today to fuel tankers

(Tampa Patch)

Financial institutions with exposure to U.S. properties hit by hurricanes Harvey and Irma

are tempering their loss estimates.

Late last week, reports that the vast majority of homeowners hit by Harvey had no flood insurance stoked fears about a wave of foreclosures and substantial losses for heavily exposed banks.

*

When Irma turned west 'you could hear a sigh of relief,' Florida insurer says

(CNBC)

*

Here are some of the records Hurricane Irma set

(CNBC)

Florida's agriculture industry took a big hit from Hurricane Irma

, with early estimates showing up to 30 percent of some major crops had losses. There are no official reports of damage totals but the value of Florida's citrus last year exceeded $1 billion and sugar cane topped $561 million. (CNBC)

IN THE NEWS TODAY

A new plan to repeal and replace major parts of Obamacare

is set to be unveiled by two Republican senators

. NBC News reports that it had obtained a 23-page summary draft of the bill to be proposed by Lindsey Graham of South Carolina and Bill Cassidy of Louisiana. (NBC News)

Senate leaders are

scrambling to come up with a budget deal

to clear the way for tax reform. Majority Leader Mitch McConnell and GOP members of the Budget Committee are meeting today with two top Trump administration officials to plot breaking the budget stalemate. (AP)

White House lawyers this summer urged President Trump's son-in-law Jared Kushner

step down from his role

amid a broadening probe into whether the Trump campaign coordinated with Russians in the 2016 election, the Washington Post finds. (Washington Post)

Leaders of the Senate Finance Committee

demanded answers from Equifax

about its major data breach, including pressing for more details about three Equifax executives who sold shares after the breach was discovered. (NYT via CNBC)

The United Nations

unanimously adopted its strongest sanctions on North Korea.

It aims at depriving Pyongyang of more than a billion in annual revenues and boosting pressure on Kim Jong Un's regime after its recent nuclear test. (Financial Times)

China's U.N. Ambassador called on North Korea to

"take seriously the expectations and will of the international community"

to halt its nuclear and ballistic missile development. He also called on all parties to remain "cool-headed" and not stoke tensions. (Reuters)

Social Finance said late Monday that Chairman and CEO

Mike Cagney would step down by the end of the year.

In a note to employees, Cagney said that recent litigation brought against the company and "negative press have become a distraction from the company's core mission." (WSJ)

Samsung said pre-orders of its Galaxy Note 8 smartphone exceeded its expectations, as the South Korean company

seeks to move beyond last year's safety debacle

and braces for Apple's iPhone debut later today. (Financial Times)

STOCKS TO WATCH

Equifax (EFX) is seeing lawsuits pile up related to the massive data beach that may affect as many as 143 million Americans. More than 30 lawsuits have been filed in the US so far, with Equifax shares falling more than 20 percent since the breach was disclosed last Thursday.

21st Century Fox (FOXA) has joined the court challenge against a CBS (CBS) deal to buy Australian TV broadcaster Ten Network Holdings. A private company controlled by Fox Executive Chairman Lachlan Murdoch has challenged the CBS deal in court and wants to revise its own bid.

Amazon (AMZN) saw a 25 percent increase in foot traffic at its Whole Foods grocery chain over the two days following the implementation of price cuts, according to the New York Post.

Western Digital (WDC) may or may not have a deal to buy Toshiba's chip unit, in a long-running takeover process. Published reports in Japan say Toshiba has agreed to sell the unit to a group led by Western Digital for $18.3 billion, but Toshiba has denied the report and said it is continuing to evaluate bids.

Teva Pharmaceutical (TEVA) has agreed to sell its Paragard contraceptive brand to a unit of Cooper Companies (COO) for $1.1 billion in cash.

WATERCOOLER

The widely-anticipated Apple event is today, but almost everything the company is set to announce was leaked to the press over the weekend, including new information on the high-end iPhone X.

Here are the spoilers.

(CNBC)



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