Senin, 10 Februari 2020

Amazon wants Trump to testify in battle over $10 billion Pentagon contract - CNN

The document also seeks permission to depose former Defense Secretary James Mattis and what he may have known about Trump's attitude toward the contract, known as the Joint Enterprise Defense Infrastructure.

The decision on the motion to depose is expected in the coming weeks.

It is incredibly rare, if not unprecedented, for a sitting US president to be deposed in a contract protest. In a footnote of the court filing, Amazon notes that "a deposition of a sitting President of the United States presents unique circumstances."

Amazon (AMZN) argues in the document that the Pentagon's explanation for awarding the contract to Microsoft left out "crucial information and details that led to this flawed and potentially detrimental decision regarding DoD's future cloud infrastructure."

Amazon will ask a court to block Microsoft from working on a $10 billion cloud computing contract

In a statement, Amazon said: "President Trump has repeatedly demonstrated his willingness to use his position as President and Commander in Chief to interfere with government functions -- including federal procurements -- to advance his personal agenda. The preservation of public confidence in the nation's procurement process requires discovery and supplementation of the administrative record, particularly in light of President Trump's order to 'screw Amazon.' The question is whether the President of the United States should be allowed to use the budget of the DoD to pursue his own personal and political ends."

Amazon accused Trump of launching "repeated public and behind-the-scenes attacks" against the company in a formal protest unsealed at the US Court of Federal Claims in December.

Last month, the company asked the court to block Microsoft from beginning work on the contract, which is valued at $10 billion over 10 years. The court has not decided whether to grant that request.

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2020-02-10 15:32:00Z
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Chipotle launches 'Guac Mode' and is giving away free guacamole. Here's how to get the freebie - USA TODAY

Kelly Tyko USA TODAY

Published 9:47 AM EST Feb 10, 2020

Let San Francisco have the $15 avocado toast. Chipotle has a deal for the rest of us: free guac.

The fast-casual restaurant chain announced Monday that to celebrate the upcoming one-year anniversary of Chipotle Rewards, it is launching "Guac Mode" and will give away free guacamole and extras to current and new loyalty program members throughout 2020.

But to "unlock access to free guac rewards," you have to be a member of the free program by Feb. 20.

Chris Brandt, Chipotle chief marketing officer, told USA TODAY that the program has 8.5 million members and is considered one of the fastest growing restaurant loyalty programs.

“Our fans absolutely love our fresh, handmade guac, especially when it’s not extra,” Brandt said in a statement. “It’s been an incredible first year of Chipotle Rewards and initiating Guac Mode – which gives our members free guac in February and extras all year long – is a perfect way to thank our loyal customers.”

McDonald's Shamrock Shake is coming back: Here's when you can get one and the new Oreo Shamrock McFlurry

Macy's Star Rewards gets upgrade: Macy's launches next phase of loyalty program with new benefit for all shoppers, contest

The program has helped to grow transaction increases, and Chipotle CEO Brian Niccol said last week it's expected to be a big driver in the future as the company gains more experience.

"While in 2019 we focused on member growth, in 2020 we will not only further increase enrollment, but more importantly, look to optimize the use of database marketing to incent behaviors."

Chipotle 'Guac Mode' means free guac

Existing Chipotle Rewards members will automatically have access to Guac Mode and new members have to join by Feb. 20 to unlock Guac Mode at Chipotle.com/guacmode or texting “Guac Mode” to 888-222.

According to the Newport Beach, California-based company, when it activates Guac Mode in February, eligible Chipotle Rewards members will receive a reward for one free topping or side of guacamole with the purchase of a regular-priced entree.

A Guac Mode badge will appear in the My Rewards section of members' accounts and will be available for a limited time only. Chipotle Rewards members will have at least 24 hours to redeem their Guac Mode reward, but it can vary by reward.

The Guac Mode reward can be redeemed at participating Chipotle restaurants and cannot be combined with other offers or promotions. It's not valid on catering or orders on third-party delivery platforms.

Also every Sunday in February is Free Delivery Sunday. Get free delivery on all orders $10 or more online or with Chipotle's app.

“This year, we’ll sharpen our focus on personalization and engagement, while continuing to drive new sign-ups through initiatives like Guac Mode,” Brandt told USA TODAY.

Macy's store closings map: Macy's is closing 125 stores with the first locations closing soon: Is your location on the map?

How does Chipotle Rewards work?

To start earning free Chipotle, sign up for Chipotle Rewards in the chain’s mobile app or at Chipotle.com.
To earn points at Chipotle restaurants, members need to scan their Digital Member Code from a mobile device.
For every $1 spent in the restaurant, online, or in the app, earn 10 points. There are bonuses, like extra point days, that can help Chipotle Rewards members earn points faster as well as personalized offers. Also get a birthday freebie.
A free entree requires 1,250 points and the reward is valid for any regular-priced entree item. It expires after 60 days and some restrictions apply.
After joining the program get a reward for free chips and guac after your first purchase as a member of $5 or more.

Follow Kelly Tyko on Twitter: @KellyTyko

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2020-02-10 13:04:29Z
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US STOCKS-Wall Street set for subdued open as investors weigh coronavirus risks - Yahoo Finance

(For a live blog on the U.S. stock market, click or type LIVE/ in a news window)

* Apple slips as China business shutdown threatens demand

* Tesla jumps after Shanghai factory resumes production

* Futures: Dow dips 0.08%, S&P flat, Nasdaq up 0.05% (Adds comment, details; Updates prices)

By Medha Singh

Feb 10 (Reuters) - Wall Street was set to open largely unchanged on Monday after last week's strong gains as investors kept an eye on the economic impact from the coronavirus outbreak and company updates, with people starting to return to work in China.

The death toll from the epidemic has surpassed that of Severe Acute Respiratory Syndrome (SARS) from 2002-2003 and the World Health Organization said the number of cases outside China could be just "the tip of the iceberg".

"Investors are quiet worried about the overly negative impact of the coronavirus on the global economy," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.

Apple Inc slipped 1.1% in premarket trading as its supplier Foxconn struggled to fully resume its factories in China.

Analysts expect China's smartphone sales may plunge by as much as 50% in the first quarter, as many retail shops remain shuttered for an extended period and companies struggle to restart production.

On the other hand, electric carmaker Tesla Inc jumped 7.2% as its Shanghai factory returned to service with assistance to help it cope with the spreading epidemic.

At 8:32 a.m. ET, Dow e-minis slipped 0.08%. S&P 500 e-minis remained unchanged and Nasdaq 100 e-minis gained 0.05%.

Wall Street's main indexes slipped from record highs on Friday, but still the S&P 500 posted its best week in eight months and the Nasdaq recorded its biggest weekly gain in more than a year following China's efforts to limit the impact of the virus.

This week, a slew of earnings reports from consumer discretionary companies and U.S. retail sales data could help determine to what extent the coronavirus is hitting consumer demand.

Markets will also watch for U.S. President Donald Trump's $4.8 trillion budget proposal for fiscal year 2021 on Monday, and Fed Chair Jerome Powell's two-day address to the U.S. Congress starting Tuesday.

Among other stocks, L Brands Inc climbed 7.2% after a report the retailer was nearing a deal to sell Victoria's Secret to Sycamore Partners.

Eli Lilly dropped 4% after experimental drugs from the U.S. pharmaceutical firm and Switzerland's Roche failed to halt Alzheimer's disease.

Shopping centers owner Taubman Centers Inc surged 52.6% as it agreed to be bought by larger peer Simon Property Group Inc in a deal valued at $3.6 billion.

Other U.S. mall owners Kimco Realty Corp, Macerich Co and Tanger Factory Outlet Centers Inc jumped between 1.5% and 13.5%. (Reporting by Medha Singh in Bengaluru; Editing by Shounak Dasgupta)

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2020-02-10 13:58:00Z
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Xerox sweetens its bid for HP Inc. to about $34 billion - CNBC

Xerox boosted its offer to acquire HP Inc. to $24 a share, or about $34 billion, the company announced Monday.

The new offer would be for $18.40 per share in cash and 0.149 Xerox shares per share of HP. Shares of HP climbed as much as 4.3% in early trading on the news. Xerox shares fell 0.7%.

Last November, Xerox offered HP $22 per share in its takeover bid for the company. HP's board of directors unanimously rejected the proposal, arguing the offer undervalued HP and wasn't in the best interest of shareholders. In response, Xerox CEO John Visentin told HP's directors that if they didn't reconsider his acquisition bid, he would approach HP's shareholders directly.

Xerox said Monday's announcement that it has met with HP's shareholders several times to discuss the potential "synergies" that could come from a deal. Xerox said the sweetened bid would enable HP's shareholders to "accept Xerox's compelling offer despite HP's consistent refusal to pursue the opportunity."

"The value created by the synergies realized in a combination of Xerox and HP is incremental to any value that HP can create by revising its strategic plan or dramatically changing its capital allocation policy to incorporate additional share repurchases," Xerox said in the release. "Xerox's offer provides HP stockholders with both significant, immediate cash value, and meaningful upside via equity ownership in the combined company."

Representatives from HP weren't immediately available for comment.

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2020-02-10 13:01:00Z
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Stocks - Futures Point to Small Gains; Virus Breeds Uncertainty - Investing.com

By Peter Nurse

Investing.com - U.S. stocks are set to open marginally higher Monday, rebounding after Friday’s losses which bucked an otherwise strong week. But these gains are likely to be limited as China’s coronavirus outbreak continues to claim victims and cause economic damage.

At 7:00 AM ET (1200 GMT), futures for the traded 2 points, or 0.1%, higher, futures for the up 16 points, or 0.2%, while the contract rose 8 points, or 0.1%.

On Friday, both the S&P 500 cash index and the Nasdaq closed down 0.5%, while the Jones dropped 0.9%. However, despite these losses, the Dow posted its best weekly gain since August last year, the S&P since June, and the Nasdaq had its strongest week since November 2018.

This provides some room for investors to take profits, particularly as the earnings season starts to draw to a close. There are just 68 S&P 500 companies reporting results in the week ahead, with numbers from Restaurant Brands International, Allergan (NYSE:) and Loews (NYSE:) set to capture the market's attention on Monday.

Additionally, shares in Tesla (NASDAQ:) soared 9% premarket, continuing the stock’s recent volatile run, after the electric car maker reopened its $2 billion Shanghai production facility Monday. Factory restarts across China have been in doubt after the Lunar New Year holiday was extended to combat the coronavirus outbreak.

A large number of China’s workers travelled back to offices and factories around the country, but many workplaces still remained closed, including key Apple (NASDAQ:) supplier Foxconn that had sought official permission to open, while many white-collar workers continued to work from home.

The death toll from the disease has officially overtaken that of the SARS outbreak almost two decades ago, as China reported the total number of deaths at 910, with over 40,000 people affected.

The death of a whistleblower doctor last week and the disappearance of citizen journalists in Wuhan who were reporting on the outbreak have also raised suspicions that the scale of the outbreak may be being understated.

The toll on China's already-slowing economy has been heavy, with Goldman Sachs (NYSE:) cutting its first quarter GDP target to 4% from 5.6% previously and saying an even deeper hit is possible.

U.S. economic releases are thin on the ground Monday, so focus could be on speeches from Federal Reserve members and . These come ahead of Fed Chair delivering his semi-annual monetary policy testimony on the economy before Senate and House committees in Washington DC on Tuesday and Wednesday.

The Fed chair is expected to reinforce the signal that policy is on hold given that the labor market continues to tighten and private consumption growth remains solid.

Elsewhere, oil headed lower Monday, continuing last week’s losses when the complex posted its fifth weekly loss in a row. Doubts remain over the extent of production cuts from the Organization of Petroleum Exporting Countries and its allies, a group known as OPEC+.

AT 07:00 AM ET (1200 GMT), futures traded 0.1% lower at $50.31 and the international benchmark contract fell 0.1% to $54.45.

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2020-02-10 12:02:00Z
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Apple stock falls; a delay in production resuming at Foxconn would be 'shock to the system,' analyst says - MarketWatch

Shares of Apple Inc. AAPL, -1.36% fell 0.9% in premarket trading Monday, to extend the pullback from last week's record close, amid concerns over the impact of suppliers closing facilities in China because of the coronavirus outbreak. Wedbush analyst Dan Ives said media reports saying production at key supplier Foxconn, which was scheduled to resume production on Monday, have been delayed "will be a shock to the system and disrupt the supply chain further for Apple on both its core iPhone franchise and AirPods unit production, which is already facing a short supply heading into this week." Foxconn stated on its website: "We are also working with the local governments to facilitate the necessary preparations for our employees to safely return to work. The operation schedules for our facilities in China follow the recommendations of the local governments, and we have not received any requests from our customers on the need to resume production earlier." Ives reiterated his outperform rating on Apple and his $400 stock price target. The stock has rallied 9.0% year to date while the Dow Jones Industrial Average DJIA, -0.94% has gained 2.0%.

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2020-02-10 12:35:00Z
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Coronavirus, Tesla, Victoria's Secret, Allergan and 'Parasite' - 5 Things You Must Know Monday - TheStreet

Coronavirus, Tesla, Victoria's Secret, Allergan and 'Parasite' - 5 Things You Must Know Monday

Stock futures are mixed as the number of new cases of the coronavirus rises in China; factories and businesses in China struggle to get running following an extended break; Tesla's factory in Shanghai resumes production.

Author:: Joseph Woelfel
Updated:: Feb 10, 2020 6:11 AM EST
Original:: Feb 10, 2020

Here are five things you must know for Monday, Feb. 10:

1. -- Stock Futures Mixed as Coronavirus Deaths Surpass SARS

Stock futures were mixed Monday and markets in Asia fell as the number of new cases of the coronavirus rose in China and factories and businesses there struggled to start production following a Lunar New Year break that was extended to help stem the spread of the outbreak.

Contracts tied to the Dow Jones Industrial Average fell 10 points, S&P 500 futures were up 0.75 1.75 points and Nasdaq futures rose 9.50 points.

Stocks closed lower Friday following four days of gains after the U.S. economy added more jobs than expected in January but worries about the spread of coronavirus lingered.

The virus has killed about 910 people and infected close to 41,000. The coronavirus has now killed more people than the SARS epidemic in 2002-2003.

China has pledged about $10 billion to combat the pandemic, which has forced businesses to close, shuttered factories and severed transportation links as citizens attempt to avoid contracting the respiratory illness.

With analysts forecasting a sharp slowdown in China's economy during the first quarter, and prolonged weakness until the virus is either contained or a feasible vaccine is found, markets in Asia have struggled to find ground, with stocks trading weaker again Monday following Wall Street's post jobs report selloff on Friday.

2. -- Allergan, EdgeWell and Restaurant Brands Report Earnings

Earnings reports are expected Monday from Allergen (AGN) - Get Report, RingCentral (RNG) - Get Report, XPO Logistics (XPO) - Get Report, Edgewell Personal Care (EPC) - Get Report, Restaurant Brands International (QSR) - Get Report and Diamond Offshore Drilling (DO) - Get Report.

Highlights later in the week are reports from Lyft (LYFT) - Get Report, Under Armour (UAA) - Get Report, Cisco Systems (CSCO) - Get Report, CVS Health (CVS) - Get Report, Alibaba (BABA) - Get Report, Nvidia (NVDA) - Get Report, PepsiCo (PEP) - Get Report and Roku (ROKU) - Get Report.

Cisco, CVS, Nvidia and PepsiCo are holdings in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells the stocks? Learn more now.

The economic calendar in the U.S. on Monday is bare. Later in the week will see the release of the Consumer Price Index and Retail Sales for January, and Federal Reserve Chairman Jerome Powell holds two days of testimony before Congress.

3. -- Tesla's Plant in Shanghai Resumes Production

Tesla's (TSLA) - Get Report plant in Shanghai resumed production Monday, following a government-ordered break to help combat the coronavirus.

Tesla had said the closure of the $2 billion Shanghai gigafactory would delay Model 3 deliveries in the world's largest car market, and also extend the ramp-up of production of its benchmark sedan, which it hopes will hit 150,000 a year when the newly opened facility is running at peak capacity.

"In view of the practical difficulties key manufacturing firms including Tesla have faced in resuming production, we will coordinate to make all efforts to help companies resume production as soon as possible," a spokesman for the Shanghai municipal government said, Reuters reported.

Tesla shares were rising 5.22% in premarket trading Monday to $787.15. The stock rose to all-time high of $968.98 last Tuesday, but then shed more than 22% after analysts warned of high valuations and the potential hit to production targets from the coronavirus outbreak.

4. -- L Brands Is Close to Selling Victoria's Secret

L Brands (LB) - Get Report is close to selling its Victoria’s Secret brand to private-equity firm Sycamore Partners in a deal that could be announced as soon this week, CNBC reported, citing people familiar with the matter.

CNBC said it couldn't immediately be determined what leadership role L Brands CEO Les Wexner would have in such a deal. Wexner is L Brands company's biggest shareholder, with a roughly 17% stake, but he has come under pressure because of his ties to the late sex criminal Jeffrey Epstein and for the poor performance of Victoria’s Secret, CNBC noted.

The Wall Street Journal reported in January that L Brands was considering selling the Victoria's Secret brand, as well as Wexner stepping down as CEO.

5. -- 'Parasite' Wins Best Picture

“Parasite” won best picture at the Academy Awards on Sunday evening, the first foreign language film to win the ceremony’s top honor.

Joaquin Phoenix earned his first Oscar for his starring role in "Joker," while Renee Zellwegger won the best actress award for her portrayal of Judy Garland in "Judy."

Parasite won four Oscars, including for director Bong Joon Ho, international feature film and original screenplay.

Netflix's (NFLX) - Get Report "The Irishman," which came into the Oscars with 10 nominations, failed to win a single award.

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2020-02-10 10:17:20Z
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