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BC-Money & Markets Digest

June 5, 2018

Money & Markets modules for Wednesday, June 6

TODAY

The Commerce Department reports figures for America’s trade deficit in April, Jack Daniel’s distiller Brown-Forman releases its latest quarterly earnings, and the Labor Department reports its final tally of U.S. productivity growth in the first quarter today.

SPOTLIGHT

Starbucks slid after the coffee company announced that its longtime leader Howard Schultz is stepping down as executive chairman.

CENTERPIECE

Volatility is back

Stock markets careened again last week, with the S&P 500 swinging by more than 1 percent in three of the four trading days. If such a stretch had happened last year, it would have been big news, but it’s closer to typical for this year.

STORY STOCKS

Starbucks (SBUX)

G-III Apparel Group (GIII)

Mylan (MYL)

Twitter (TWTR)

Genesco (GCO)

Newell Brands (NWL)

HD Supply Holdings (HDS)

Citizens Financial Group (CFG)

FUND FOCUS

Ivy Emerging Markets Equity (IPOAX)

While this fund’s fundamentals are improving, Morningstar says “its short-tenured team needs more time to demonstrate that it can make its risks worthwhile.”

For questions about Money & Markets modules, please contact Paul Harloff (212-621-7592). 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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