Wednesday, May 1, 2019

Another shooting rocks another college campus

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Wednesday 5.1.19

Love bridges? Then get yourself to Gatlinburg, Tennessee, where the longest pedestrian suspension bridge in the US will soon be open. Here's what else you need to know to Get Up to Speed and Out the Door.

By Doug Criss
William Barr
 
Everybody knew that Attorney General William Barr's appearance this morning before the Senate judiciary committee was going to be heated. Now it promises to be red hot. That's because of the revelation of a letter written by special counsel Robert Mueller in which he expressed concern that Barr's four-page summary of the Russia investigation report mischaracterized some of Mueller's findings. Mueller told Barr in a phone call that although he didn't think the attorney general's summary was inaccurate, he felt the report was much more nuanced on the obstruction of justice issue than the summary indicated. So cue the tough questions from the Democrats on the committee, who will hammer Barr over this. 
Venezuela
 
The battle for control of Venezuela rages on. Opposition leader Juan Guaido called for protesters to return to the streets, a day after he stood with a group of soldiers and announced an uprising to seize power from embattled President Nicolas Maduro. But Maduro says the "coup" attempt by Guaido -- who is the head of Venezuela's National Assembly -- was put down by the military. In a televised speech, Maduro rejected claims he's lost control of the military, and he accused "imperialist" forces of trying to take over the country. The Trump administration reiterated its support for Guaido, and Secretary of State Mike Pompeo said that Maduro was planning to leave Venezuela for Cuba, but was talked out of it by the Russians. Maduro denied that. Click here to get the latest updates on the unrest.
North Carolina shooting
 
The man accused of killing two people during a shooting at the University of North Carolina at Charlotte has been charged with murder. Trystan Andrew Terrell faces two counts of murder and four counts of attempted murder in the shooting, in which police say he opened fire on students on the final day of classes. As police led Terrell away in handcuffs, he tilted his head back and smiled at the cameras. This is just the latest in a string of shootings and threats that North Carolina campuses have had to deal with over the past few years.
Immigration
 
The Department of Homeland Security will start testing the DNA of migrants apprehended on the US-Mexico border, two officials told CNN. The pilot program, which starts next week at two border locations, seeks to ID and prosecute individuals posing as families as part of the department's effort to crackdown on human smuggling. The program involves the use of a cheek swab, and results are usually available in about 90 minutes. Homeland Security has long maintained that children are being exploited by traffickers to skirt the nation's immigration laws.
Minneapolis police shooting trial
 
Former Minneapolis Police Officer Mohamed Noor was convicted of third-degree murder and manslaughter in the 2017 shooting death of Justine Ruszczyk. Noor killed Ruszczyk, an Australian, after she had called 911 to report a possible sexual assault in the alley behind her home. Noor said he fired at Ruszczyk because he feared for his partner's life when she approached their squad car. But prosecutors said Noor overreacted, killing Ruszczyk just a month before her wedding. It's believed that Noor is the first police officer to be convicted of murder in Minnesota in recent memory.
$2 trillion

The price tag for a potential infrastructure plan that Democratic congressional leaders said that President Trump had agreed to
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Biting reaction
So the "Sonic the Hedgehog" trailer is out, and everybody's freaking out about it because of ... his teeth?

Next-level fandom
It was hard to tell in all that darkness, but yeah, that was country star Chris Stapleton moonlighting as a White Walker in the latest episode of "Game of Thrones."

First world problems
If you want one of those plant-based Impossible Burgers, good luck trying to find one. America is running out of them.

Dana's dunes
Meet the 25-year-old dirt bike champion in Dubai who is inspiring girls all over the UAE to take up the sport.

Pushing through
He broke his foot in the middle of the London Marathon. But this firefighter kept running on it -- for 18 miles! -- to finish the race.

Jam on
The police officer showed up to respond to a complaint about noise. He ended up getting in a few licks on the drum set himself.
Taking it to the streets
Thousands of teachers in South Carolina will protest today for better pay, but also for more mental health counselors for students and protection against retaliation for speaking out.


This is not about Hollywood. It's not about movies. This is about ultimately protecting the only planet we know right now to host life.
 
NASA Administrator Jim Bridenstine, telling the Planetary Defense Conference that meteors really are a threat to the Earth
Snow job
The arrival of spring is always a bit delayed in Alaska, but -- despite the snowflakes -- this guy is getting a jump on cutting the grass anyway. (Click to view)
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iPhone trouble; Fed decision; Facebook's future

1. iPhone trouble: Apple said Tuesday that its revenue for the first three months of 2019 declined 5% to $58 billion. The big problem? Smartphone sales for the period fell 17%. Apple warned investors in January that iPhone sales had taken a hit from an economic slowdown in China. CEO Tim Cook suggested Tuesday that the worst may be over, saying Chinese shoppers had responded to price cuts.
CNN Business: Before The Bell
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Where U.S. stocks are heading
Dow Futures   Nasdaq Futures   S&P Futures
+78.00   +55.25   +9.25
+0.29%   +0.71%   +0.31%
 
World Markets
Japan   China   U.K.
Nikkei 225   Shanghai Composite   FTSE 100
-48.85   +15.84   -6.20
22,258.73   3,078.34   7,412.02
-0.22%   +0.52%   -0.08%
 
Biggest Winners
Advanced Micro Devices Inc +5.86%
 
Apple Inc +5.60%
 
Wynn Resorts Ltd +2.80%
 
Estee Lauder Companies Inc +2.15%
Biggest Losers
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Applied Materials Inc -1.29%
 
Perrigo Company PLC -0.81%
 
Chipotle Mexican Grill Inc -0.37%
 
 
News: What you need to know about the markets
 
 
iPhone trouble; Fed decision; Facebook's future
By Charles Riley, CNN Business
 
1. iPhone trouble: Apple said Tuesday that its revenue for the first three months of 2019 declined 5% to $58 billion. The big problem? Smartphone sales for the period fell 17%.
 
Apple warned investors in January that iPhone sales had taken a hit from an economic slowdown in China. CEO Tim Cook suggested Tuesday that the worst may be over, saying Chinese shoppers had responded to price cuts.
 
But modest price reductions may not be enough to compete with Chinese smartphone makers like Xiaomi and Huawei.
 
Huawei shipped 30 million phones in China in the first three months of the year, more than any other company and a 41% increase over the same period in 2018, according to research firm Canalys.
 
Apple sales in China in the first quarter plunged by 30% to 6.5 million phones — its worse decline in two years, according to Canalys.
 
2. Fed guidance: The Federal Reserve will announce its latest interest rate decision and policy update at 2:00 pm ET.
 
The US central bank is not expected to change rates, but investors will be paying close attention to Fed Chairman Jerome Powell's views on the economy.
 
After raising rates four times last year, the Fed took its foot off the gas in January. But rate cuts have been made unlikely by a very strong performance by the US economy in the first quarter. Global growth also appears to be recovering.
 
3. The future of Facebook: Facebook debuted a makeover for its main app on Tuesday that reflects the company's new emphasis on privacy.
 
"I know we don't exactly have the strongest reputation on privacy right now, to put it lightly," said CEO Mark Zuckerberg, acknowledging skepticism around the move. "I am committed to doing this well."
 
It's unclear if a new design and approach to privacy will usher in real change for the beleaguered company, or if it's just a new coat of paint.
 
Zuckerberg outlined principles he said the company is now focusing on, including private interactions, encryption, disappearing content and secure data storage.
 
He also said he would integrate Instagram and Whatsapp more closely. Investors are eager to understand how the changes will affect the company's advertising business.
 
4. Global market overview: US stock futures were higher.
 
Many stock markets around the world were closed for May Day. In Europe, London's FTSE 100 advanced 0.3%.
 
The S&P 500 eked out a fresh record close on Tuesday, gaining 0.1%. Google acted as a drag on the Nasdaq, which shed 0.8%. The Dow added 0.2%.
 
Deepening chaos in Venezuela continues to produce wild swings in crude oil prices.
 
Oil prices initially rallied on Tuesday as TV images depicted a violent uprising in Venezuela. But they have retreated as observers try to decipher whether opposition leader Juan Guaido will oust President Nicolas Maduro.
 
Before the Bell newsletter: Key market news. In your inbox. Subscribe now!
 
5. Earnings and economics: AMC Networks, Clorox, CVS Health, Estee Lauder, Gannett, Garmin, Hilton, Humana, Molson Coors Brewing, Royal Caribbean, trivago and Yum! Brands will release earnings before the open.
 
The following companies are up after the close: Allstate, Avis Budget, Caesars Entertainment, Cheesecake Factory, Fitbit, Hyatt Hotels, MetLife, Prudential, Qualcomm and Square.
 
The Institute for Supply Management will release manufacturing data for April at 10 a.m. ET.
 
 
Coming this week:
 
 
Wednesday — Fed decision; Yum Brands and CVS earnings
Thursday — Bank of England policy update; Under Armour and Dunkin' earnings; weekly jobless claims; Caixin China manufacturing PMI
Friday — Jobs report; Eurozone inflation, Fiat Chrysler earnings
 
 
Key Market Stats Latest Today's Change
Oil $63.58 -0.33 / -0.52%
Gold $1,284.30 -1.40 / -0.11%
10-yr 2.51% -0.03
Euro $1.12 +0.00 / +0.20%
 
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