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BC-APFN-Money & Markets Digest

July 30, 2018

Money & Markets modules for Tuesday, July 31

TODAY

The Conference Board issues its index of U.S. consumer confidence in July. Apple serves up its fiscal third-quarter results. S&P releases its monthly index of U.S. home prices.

SPOTLIGHT

Tyson Foods slumped to a 12-month low after the Springdale, Arkansas-based pork and poultry processor slashed its earnings outlook because of retaliatory tariffs sparked by President Donald Trump’s trade war with China.

CENTERPIECE

Pump up the volume

Exxon’s oil production has fallen for three straight quarters, but executives are touting big projects underway in Brazil, Guyana and elsewhere as the Texas-based company sharply boosts capital spending to turn that around.

STORY STOCKS

US Foods (USFD)

CBS (CBS)

Tyson Foods (TSN)

Caterpillar (CAT)

Affiliated Managers (AMG)

Bloomin’ Brands (BLMN)

First Data (FDC)

Simon Property (SPG)

FUND FOCUS

T. Rowe Price International Value Equity (TRIGX)

Morningstar has cut this fund’s rating to “Neutral” from Bronze, saying it is “not worthy of recommendation” due to uncertainty over its management situation.

For questions about Money & Markets modules, please contact Greg Keller (212-621-7958). For technical support: contact Todd Balog (816-654-1096). After 6 p.m., contact the AP Business News desk (800-845-8450, ext. 1680) for content questions; 1-800-3AP-STOX for technical support and 212-621-1905 for graphics help. The Money &Markets digest can also be found at www.markets.ap.org.

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