| U.S. stock futures were higher this morning after the Dow, S&P 500 and Nasdaq posted their highest closes of April. |
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| Quotes as of 4/17/2018 7:34:17 AM ET | |||||||||||||||||||||||||||||||||||||||||||
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| WATERCOOLER |
Kendrick Lamar, the twelve-time Grammy award-winning rapper, won the Pulitzer Prize for music for his 2017 album "Damn." This makes Lamar the first rapper to win a Pulitzer and his album becomes the first non-classical or jazz work to win the award. (CNBC Make It)
Sen. John McCain, who is battling brain cancer, is in stable condition after undergoing surgery for an intestinal infection related to diverticulitis. Cindy McCain, McCain's wife, said that he was "doing well after his surgery." (USA Today)
North and South Korea are reportedly in talks to announce a permanent end to the officially declared military conflict between the two countries. A successful summit between the Koreas later this month could help pave the way for a meeting between Kim and Trump. (Munhwa Ilbo)
China's economy grew 6.8 percent in the first quarter of 2018, topping the consensus estimate of 6.7 percent year-over-year growth for the quarter. The data marks the third-straight quarter of 6.8 percent growth for the world's second-largest economy. (CNBC)
Tesla (TSLA) temporarily suspended production of its Model 3 in what the automaker is calling a planned production pause. The suspension is expected to last four to five days. (BuzzFeed News)
CNBC has learned Amazon (AMZN) Business, which sells bulk items to business customers, has shelved its plan to sell and distribute pharmaceutical products after considering it last year. Instead, it is focused on selling less sensitive medical supplies.
Walmart (WMT) is close to unveiling an entirely redesigned website as it battles Amazon (AMZN) for shoppers' dollars online. The new design will be much more personalized and is expected to create a "fashion destination" online. (CNBC)
Additionally, the Supreme Court will consider whether to let states force out-of-state online retailers to collect sales taxes on purchases. South Dakota, appealing a lower court decision, is being supported by Trump's administration. (Reuters)
Additionally, the Supreme Court will consider whether to let states force out-of-state online retailers to collect sales taxes on purchases. South Dakota, appealing a lower court decision, is being supported by Trump's administration. (Reuters)
Facebook's product management director wrote a blog post explaining when the social network and its partners collect your personal information and when it's shared. The company reiterated that it's not selling this information. (CNBC)
| STOCKS TO WATCH |
Roku (ROKU) shares are getting a boost on news that Steven Cohen's Point72 Asset Management has taken a 5.1 percent passive stake in the maker of video streaming devices. Roku also announced the addition of ESPN's subscription service ESPN+ to the lineup of channels available on Roku devices.
Celanese (CE) reported better-than-expected profit and revenue for its latest quarter as well as giving strong current quarter guidance. The maker of technology and specialty materials was helped in part by stronger prices for acid and other materials, especially in the China market.
General Motors' (GM) financially strapped Korea unit may get financial help from state-run lender Korea Development Bank, according to the bank's chairman.
Sanofi (SNY) is in talks to sell its generic drugs unit to private equity firm Advent International for $2.4 billion. The French drugmaker said it expects the sale to be completed before the end of the year.
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