Advertisement
Australia markets open in 4 hours 31 minutes

  • ALL ORDS

    7,937.90
    +35.90 (+0.45%)
     

  • AUD/USD

    0.6487
    +0.0036 (+0.56%)
     

  • ASX 200

    7,683.50
    +34.30 (+0.45%)
     

  • OIL

    83.39
    +1.49 (+1.82%)
     

  • GOLD

    2,338.40
    -8.00 (-0.34%)
     

  • Bitcoin AUD

    102,702.03
    +513.17 (+0.50%)
     

  • CMC Crypto 200

    1,435.18
    +20.42 (+1.44%)
     

Morning Brief: Lawmakers reach tentative deal to avert shutdown

Yahoo Finance
Updated

Tuesday, February 12, 2019

Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe

WHAT TO WATCH

Lawmakers reached a tentative deal Monday night to avoid another partial government shutdown. According to the deal, $1.4 billion will go toward funding for 55 miles of new fencing along the U.S.-Mexico border.

Meanwhile, President Donald Trump reportedly still wants to meet with Chinese President Xi Jinping “very soon” to reach a deal with China on trade, according to one White House adviser.

In addition, earnings season continues with some big names gearing up to report today. Under Armour (UAA) and Molson Coors (TAP) will kick things off before the opening bell, while Activision Blizzard (ATVI), Groupon (GRPN), TripAdvisor (TRIP) and Twilio (TWLO) report after market close.

ADVERTISEMENT

Read more

TOP NEWS

FILE - This May 8, 2008, file photo shows blank checks on an idle press at the Philadelphia Regional Financial Center, which disburses payments on behalf of federal agencies, in Philadelphia. The IRS is delaying tax refunds for millions of low-income families as the agency steps up efforts to combat identity theft and fraud. Starting in 2017, a federal law requires the tax agency to delay refunds until Feb. 15 for people who claim the earned income tax credit and the additional child tax credit. The IRS says processing times will delay most of the refunds until the end of February. (AP Photo/Matt Rourke, File)
Blank checks on an idle press at the Philadelphia Regional Financial Center, which disburses payments on behalf of federal agencies, in Philadelphia. (AP Photo/Matt Rourke, File)

The first wave of tax refunds are down 8% on average: The dueling effects of both the shutdown and the new tax law have hit tax filing season hard this year, as new IRS data shows a drop in refunds processed and, most critically, a lower average refund. [Yahoo Finance]

Read also: Trump’s ‘tax scam’: Some taxpayers get unwelcome surprise after filing returns [Yahoo Finance]

Nissan books Ghosn-related charges, cuts outlook: Nissan Motor Co said it had booked around $84 million in charges related to under-reported compensation for ousted chairman Carlos Ghosn, and slashed its annual profit outlook on weaker global sales. [Reuters]

Peloton interviews banks for IPO: Peloton Interactive Inc. is interviewing banks this week for roles on an initial public offering, taking a critical step toward an IPO this year, according to people familiar with the matter. The maker of video-streaming stationary exercise bikes is expected to select its slate of underwriters in the coming weeks and will likely seek to debut in the second half of 2019. [The Wall Street Journal]

Toys R Us plans second act by holiday season: Toys R Us fans in the U.S. should see the iconic brand re-emerge in some form by this holiday season. Richard Barry, a former Toys R Us executive and now CEO of the new company called Tru Kids Brands, said he and his team are still working on the details. [Associated Press]

Funding values DoorDash at over $6 billion: The food delivery startup DoorDash Inc. is negotiating an approximately $500 million funding round led by Singapore’s state investment firm Temasek Holdings Pte, a person familiar with the matter said. [Bloomberg]

MORE FROM YAHOO FINANCE

Wall Street is rethinking its 2019 investment strategy

Ex-J.C. Penney CEO: ‘Amazon should be having trouble sleeping at night’

How China’s gamers could hurt Nvidia’s Q4 earnings

Dunkin' Donuts is becoming the Target of espresso

How Ronda Rousey is helping WWE crush it

Editor’s note: To ensure delivery of the Morning Brief to your inbox, please add newsletter@yahoofinance.com to your safe sender list.

Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, YouTube, and reddit.