Trump says he’d consider an interim trade deal with China
Early cues from U.S. stock futures suggest that Wall Street might book a second day of gains today, buoyed by trade deal hopes.
On Thursday, President Donald Trump told reporters at the White House that he would consider an interim trade deal with China, but would prefer a permanent agreement.
“A lot of people are talking about it, I see a lot of analysts are saying an interim deal — meaning we’ll do pieces of it, the easy ones first,” Trump said. “But there’s no easy or hard. There’s a deal or there’s not a deal. But it’s something we would consider, I guess.”
At 5:15 a.m. ET, the blue-chip Dow futures were up 64 points, or about 0.24% to 27,262. Futures on the S&P 500 rose 5.13 points, or around 0.17% to 3,016.88 while the tech-heavy Nasdaq 100 futures indicated a gain of 16 points, or roughly 0.21% to 7,937.75.
SmileDirectClub market debut disappoints
SmileDirectClub’s hopes of a rally in the price of its shares fell flat on Thursday, as Wall Street gave the tele-dentistry company’s eagerly awaited IPO a frosty reception by pushing the stock below its launch price.
The Nashville-based company put a price of $23 on its shares valuing it at $8.9 billion. However, the stock plunged 27.52% to close the regular session at $16.67 valuing SmileDirectClub (NASDAQ: SDC) at less than $6.5 billion.
WeWork reportedly seeking to list shares on the week of September 23
WeWork is planning to kick off its IPO roadshow next week and go public on the week of September 23, the Wall Street Journal reports, citing people familiar with the matter.
The office-sharing startup is also said to be considering curtailing the power of its Chief Executive Adam Neumann and his wife, to get its IPO back on track.
WeWork filed an amended document with the Securities and Exchange Commission (SEC) this morning, saying it will list its shares under the symbol “WE” on the Nasdaq.
