{"id":61040,"date":"2022-04-25T08:55:23","date_gmt":"2022-04-25T12:55:23","guid":{"rendered":"https:\/\/www.t3live.com\/blog\/?p=61040"},"modified":"2022-04-25T08:55:23","modified_gmt":"2022-04-25T12:55:23","slug":"coffee-with-greta-twitter-talks-with-musk","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2022\/04\/25\/coffee-with-greta-twitter-talks-with-musk\/","title":{"rendered":"Coffee With Greta: Twitter Talks With Musk"},"content":{"rendered":"

Editor's Note:<\/strong> Coffee With Greta is a FREE morning update from our newest contributor Greta Wall. Want to get it by email every day? Click here<\/span><\/a><\/strong>.<\/p>\n

********<\/p>\n

DJIA Futures:\u00a0<\/b>-218 (-0.7%)<\/p>\n

SPX Futures:\u00a0<\/b>-30 (-0.7%)<\/p>\n

NASDAQ Futures:\u00a0<\/b>-81 (-0.6%)<\/p>\n

Good morning friends!<\/span><\/p>\n

Futures are lower as traders gear up for a huge week of earnings.<\/span><\/p>\n

Let\u2019s get right to it!<\/span><\/p>\n

Twitter Talks With Musk<\/strong><\/h2>\n

Twitter <\/b>(TWTR) shares are up 4.7% ahead of the open following reports the social media giant could reach a buyout deal with Elon Musk as early as today.\u00a0<\/span><\/p>\n

The board of directors reportedly met Sunday to discuss Musk\u2019s $46.5 billion tender offer.\u00a0<\/span><\/p>\n

The New York Times reported those talks with Musk continued into the early hours of today.<\/span><\/p>\n

Twitter has declined to comment on the reports.<\/span><\/p>\n

Coca-Cola Tops Q1 Expectations<\/strong><\/h2>\n

Coca-Cola <\/b>(KO) shares are up 1.8% in premarket trade after beating Q1 expectations.\u00a0<\/span><\/p>\n

The beverage maker reported adjusted earnings of $0.64 on $10.5 billion in revenue.\u00a0<\/span><\/p>\n

That topped analysts\u2019 expectations for adjusted EPS of $0.58 on $9.83 billion in revenue.\u00a0<\/span><\/p>\n

Revenue was up 16% year-over-year.<\/span><\/p>\n

Coke said halting its business in Russia will dent revenue and operating income by 1% to 2% this year.<\/span><\/p>\n

The company reiterated its full-year outlook for revenue growth between 7% to 8% and comparable EPS growth between 5% to 6%.<\/span><\/p>\n

Activision Blizzard Falls Short in Q1<\/strong><\/h2>\n

Activision Blizzard <\/b>(ATVI) shares are slipping 0.4% ahead of the open after missing Q1 expectations.<\/span><\/p>\n

The video game company reported adjusted earnings of $0.64 per share on $1.77 billion in revenue.\u00a0<\/span><\/p>\n

That was lower than analysts\u2019 estimates for adjusted EPS of $0.71 on $1.82 billion in revenue.\u00a0<\/span><\/p>\n

Activision blamed the miss on lower demand for its \u201cCall of Duty\u201d game franchise as gamers return to pre-pandemic habits.<\/span><\/p>\n

The company did not provide guidance as <\/span>Microsoft\u2019s <\/b>(MSFT) acquisition is pending.\u00a0<\/span><\/p>\n

That $69 billion deal is expected to close by June 30, 2023.<\/span><\/p>\n

It\u2019s been approved by both company boards but is still awaiting regulatory approval.<\/span><\/p>\n

Oil Prices Tumble on Demand Fears<\/strong><\/h2>\n

Oil prices are falling today as Covid lockdowns continue in Shanghai, China.\u00a0<\/span><\/p>\n

West Texas Intermediate crude futures are down 4.8% to $97 bbl while Brent crude futures are falling 4.8% to $101 bbl.\u00a0<\/span><\/p>\n

Authorities in Shanghai put up fences around residential buildings as the recent Covid outbreak continues.\u00a0<\/span><\/p>\n

A few cases have also been identified in Beijing, prompting fears of an impending lockdown in that city.\u00a0<\/span><\/p>\n

China\u2019s zero-Covid policy threatens demand levels for oil as China is the largest crude importer in the world.\u00a0<\/span><\/p>\n

Treasury Yields Slump on Global Growth Fears<\/strong><\/h2>\n

U.S. Treasury yields are also falling on concerns surrounding those Covid measures in China.<\/span><\/p>\n

The 10-year Treasury yield is down 10 basis points to 2.82%, the 2-year yield is down 10 basis points to 2.6%, and the 30-year yield is down 5 basis poits to 2.89%.<\/span><\/p>\n

Yields spiked last week in anticipation of aggressive action from the Fed to tackle inflation.\u00a0<\/span><\/p>\n

But the Covid outbreaks in China are now prompting fears of a slowdown in global economic growth this year.<\/span><\/p>\n

Big Earnings Reports Ahead<\/strong><\/h2>\n

The market is preparing for a rush of huge Q1 earnings reports this week.\u00a0<\/span><\/p>\n

Here are the highlights:<\/span><\/p>\n

Tuesday AM: <\/span>Pepsico <\/b>(PEP), <\/span>UPS <\/b>(UPS), <\/span>General Electric <\/b>(GE), and <\/span>JetBlue <\/b>(JBLU)<\/span><\/p>\n

Tuesday PM: <\/span>Microsoft <\/b>(MSFT), <\/span>Alphabet <\/b>(GOOG, GOOGL), and <\/span>General Motors <\/b>(GM)<\/span><\/p>\n

Wednesday AM: <\/span>Boeing <\/b>(BA) and <\/span>Spotify <\/b>(SPOT)\u00a0<\/span><\/p>\n

Wednesday PM: <\/span>Meta Platforms <\/b>(FB), <\/span>Paypal (<\/b>PYPL), <\/span>Qualcomm <\/b>(QCOM), <\/span>Ford <\/b>(F), <\/span>Teladoc <\/b>(TDOC), and <\/span>Pinterest <\/b>(PINS)<\/span><\/p>\n

Thursday AM: <\/span>Twitter <\/b>(TWTR), <\/span>Caterpillar <\/b>(CAT) and <\/span>Southwest Airlines <\/b>(LUV)\u00a0<\/span><\/p>\n

Thursday PM: <\/span>Apple <\/b>(AAPL), <\/span>Amazon <\/b>(AMZN),<\/span> Intel <\/b>(INTC), <\/span>Roku <\/b>(ROKU), and <\/span>Robinhood <\/b>(HOOD)<\/span><\/p>\n

Friday AM: <\/span>Exxon Mobil <\/b>(XOM) and <\/span>Chevron <\/b>(CVX)\u00a0<\/span><\/p>\n

In Case You Missed It<\/strong><\/h2>\n

Bed Bath & Beyond <\/b>(BBBY) shares popped after-hours on Friday after a report on buyer interest for its Buybuy Baby Unit. The Wall Street Journal reported the interested parties are private-equity firm Cerberus Capital Management LP and Tailwind Acquisition Corp. Bed Bath & Beyond has been facing pressure to sell off the baby retailer and take the rest of its business private. BBBY shares are down 4.7% ahead of the open.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Editor’s Note: Coffee With Greta is a FREE morning update from our newest contributor Greta Wall. Want to get it by email every day? Click here. ******** DJIA Futures:\u00a0-218 (-0.7%) SPX Futures:\u00a0-30 (-0.7%) NASDAQ Futures:\u00a0-81 (-0.6%) Good morning friends! Futures are lower as traders gear up for a huge week of earnings. Let\u2019s get right to it! Twitter Talks With Musk Twitter (TWTR) shares are up 4.7% ahead of the open following reports the social media giant could reach a buyout deal with Elon Musk as early as today.\u00a0 The board of directors reportedly met Sunday to discuss Musk\u2019s $46.5 billion tender offer.\u00a0 The New York Times reported those talks with Musk continued into the early hours of today. Twitter has declined to comment on the reports. Coca-Cola Tops Q1 Expectations Coca-Cola (KO) shares are up 1.8% in premarket trade after beating Q1 expectations.\u00a0 The beverage maker reported adjusted earnings of $0.64 on $10.5 billion in revenue.\u00a0 That topped analysts\u2019 expectations for adjusted EPS of $0.58 on $9.83 billion in revenue.\u00a0 Revenue was up 16% year-over-year. Coke said halting its business in Russia will dent revenue and operating income by 1% to 2% this year. The company reiterated its full-year outlook for revenue growth between 7% to 8% and comparable EPS growth between 5% to 6%. Activision Blizzard Falls Short in Q1 Activision Blizzard (ATVI) shares are slipping 0.4% ahead of the open after missing Q1 expectations. The video game company reported adjusted earnings of $0.64 per share on $1.77 billion in revenue.\u00a0 That was lower than analysts\u2019 estimates for adjusted EPS of $0.71 on $1.82 billion in revenue.\u00a0 Activision blamed the miss on lower demand for its \u201cCall of Duty\u201d game franchise as gamers return to pre-pandemic habits. The company did not provide guidance as Microsoft\u2019s (MSFT) acquisition is pending.\u00a0 That $69 billion deal is expected to close by June 30, 2023. It\u2019s been approved by both company boards but is still awaiting regulatory approval. Oil Prices Tumble on Demand Fears Oil prices are falling today as Covid lockdowns continue in Shanghai, China.\u00a0 West Texas Intermediate crude futures are down 4.8% to $97 bbl while Brent crude futures are falling 4.8% to $101 bbl.\u00a0 Authorities in Shanghai put up fences around residential buildings as the recent Covid outbreak continues.\u00a0 A few cases have also been identified in Beijing, prompting fears of an impending lockdown in that city.\u00a0 China\u2019s zero-Covid policy threatens demand levels for oil as China is the largest crude importer in the world.\u00a0 Treasury Yields Slump on Global Growth Fears U.S. Treasury yields are also falling on concerns surrounding those Covid measures in China. The 10-year Treasury yield is down 10 basis points to 2.82%, the 2-year yield is down 10 basis points to 2.6%, and the 30-year yield is down 5 basis poits to 2.89%. Yields spiked last week in anticipation of aggressive action from the Fed to tackle inflation.\u00a0 But the Covid outbreaks in China are now prompting fears of a slowdown in global economic growth this year. Big Earnings Reports Ahead The market is preparing for a rush of huge Q1 earnings reports this week.\u00a0 Here are the highlights: Tuesday AM: Pepsico (PEP), UPS (UPS), General Electric (GE), and JetBlue (JBLU) Tuesday PM: Microsoft (MSFT), Alphabet (GOOG, GOOGL), and General Motors (GM) Wednesday AM: Boeing (BA) and Spotify (SPOT)\u00a0 Wednesday PM: Meta Platforms (FB), Paypal (PYPL), Qualcomm (QCOM), Ford (F), Teladoc (TDOC), and Pinterest (PINS) Thursday AM: Twitter (TWTR), Caterpillar (CAT) and Southwest Airlines (LUV)\u00a0 Thursday PM: Apple (AAPL), Amazon (AMZN), Intel (INTC), Roku (ROKU), and Robinhood (HOOD) Friday AM: Exxon Mobil (XOM) and Chevron (CVX)\u00a0 In Case You Missed It Bed Bath & Beyond (BBBY) shares popped after-hours on Friday after a report on buyer interest for its Buybuy Baby Unit. The Wall Street Journal reported the interested parties are private-equity firm Cerberus Capital Management LP and Tailwind Acquisition Corp. Bed Bath & Beyond has been facing pressure to sell off the baby retailer and take the rest of its business private. BBBY shares are down 4.7% ahead of the open.<\/p>\n","protected":false},"author":41,"featured_media":61043,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-61040","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/61040","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=61040"}],"version-history":[{"count":3,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/61040\/revisions"}],"predecessor-version":[{"id":61045,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/61040\/revisions\/61045"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/61043"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=61040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=61040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=61040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}