Headlines discussed at LNWM’s Monday morning briefing:
— Bank earnings for Q1 2019 are starting to come in better than expected, easing concerns about imminent drop-off.
— Disney stock rose 11% in 1 day (its biggest daily gain since 2009), on launch of a long-awaited streaming service to rival Netflix.
— Applications for US unemployment benefits fell to 196,000 the week of April 6, the lowest weekly reading since 1969.
— Uber’s IPO filing showed a net operating loss of $1.8 billion in 2018, after a $4 billion net operating loss in 2017.
— Optimism about a US-China trade deal could be premature, said an IMF official, if structural issues are not addressed.
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