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BC-Money & Markets Digest

May 14, 2019

Money & Markets modules for Wednesday, May 15

TODAY

The Federal Reserve issues its April snapshot of industrial production, Cisco reports its quarterly results and the National Association of Home Builders/Wells Fargo Housing Market Index for May is due out.

SPOTLIGHT

Walt Disney stock jumped after it cut a deal with Comcast to take full control of streaming video service Hulu.

CENTERPIECE

Rising red ink

When President Trump released his budget plan in March, the deficit figures were startling. But when the Congressional Budget Office released its own analysis of the president’s budget on May 9, it showed an even bleaker deficit picture.

STORY STOCKS

Walt Disney (DIS)

Take-Two Interactive (TTWO)

AbbVie (ABBV)

Tencent Music Entertainment (TME)

Ralph Lauren (RL)

G-III Apparel (GIII)

Western Digital (WDC)

Marathon Oil (MRO)

FUND FOCUS

AB Global Bond (ANAGX)

This fund’s “deep, tenured team” has delivered over the long term, Morningstar says. It earns an Analyst Rating of “Bronze.”

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