Stocks lower, Tesla, Disney v Spectrum, Arm IPO, Goldman recession call

Stocks lower, Tesla, Disney v Spectrum, Arm IPO, Goldman recession call

Sep 5, 2023 - 18:30
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Stocks lower, Tesla, Disney v Spectrum, Arm IPO, Goldman recession call

Five things you need to know before the market opens on Tuesday September 5:

1. -- Stocks slip lower, dollar leaps as US growth surges past Europe, Asia

 Investors will kick-off the holiday-shortened week focused on global growth prospects, and U.S. resilience, heading into the historically difficult September trading month.

2. -- Tesla sees modest gains in August China sales despite deep price cuts

Tesla's China price war is yielding diminishing returns, with August sales falling below June levels despite a series of summer reductions and rebates.

3. -- Disney doubles-down on Spectrum dispute with call to sign-up for Hulu

Disney is showing no sign of letting up in its carriage dispute with Charter-owned Spectrum as it urges customers to sign-up for its Hulu streaming platform.

4. -- Arm IPO price suggests deep discount for SoftBank-owned chipmaker

Arm, recently valued at around $64 billion, could set its September IPO price for a market value of between $50 billion and $54 billion.

5. -- Goldman slashes U.S. recession risk forecast on solid jobs, fading rate bets

Goldman Sachs sees little chance of a near-term U.S. recession amid a resilient jobs market and fading inflation pressures.

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