Monday, September 7, 2015

TUESDAY 9/8/15; Japan GDP; NIKK Negative for 2015; China and Germany Import/Export Data; US Markets Reopen after Labor Day Holiday; US Congress Returns; European and US Stocks Rally; MW; PSUN; TIVO

China is considering implementing a circuit breaker system in the stock market which would dampen 




















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Men’s Warehouse beats on EPS but misses on the top line. MW drops -4%. TIVO trades higher after earnings. UAL drops -3% after CEO Jeff Smisek steps down replaced by Oscar Munoz. Retailer M announces plans to close 40 stores.

The IRS is questioning Yahoo’s tax treatment of its holdings in Alibaba. YHOO drops -6% adding to the -2.2% loss during the regular session. BABA trades flat after a -4.7% loss during the regular session. A Boeing 777 airplane operated by British Airways catches fire on the tarmac at the McCarran International Airport in Las Vegas, Nevada, USA. All passengers and crew are evacuated safely from the BA aircraft.

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