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Sectors

Sector Update: Consumer Stocks Mixed Late Afternoon

Consumer stocks were mixed late Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 1.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) easing 0.1%.In corporate news, Kimberly-Clark (KMB) is preparing potential asset sales to address EU antitrust concerns over its proposed acquisition of Kenvue (KVUE), Reuters reported. The European Commission is expected to formally communicate its concerns to Kimberly-Clark this week following a preliminary review of the deal, the report added. Kimberly-Clark shares were up 1.5%.Amazon-backed (AMZN) Anthropic has entered into a $13.7 billion, six-year computing deal with Rum Group (RUM), which hosts US President Donald Trump's Truth Social platform, The Information reported over the weekend. Rum shares jumped past 12%.Netflix (NFLX), Amazon and Alphabet's (GOOGL) YouTube have formed a policy coalition to support shared positions on key issues, Axios reported. The Streaming Access and Choice Alliance is led by trade group TechNet with the big three streamers as its founding corporate members, the report said. Netflix shares were rising 3.8%.Toyota Motor (TM) said Monday it plans to launch a hydrogen fuel cell version of its Hilux pickup truck in 2028. The vehicle will target a driving range of more than 400 kilometers and towing capacity of up to 2.5 metric tons, Toyota said. Its shares were down 0.6%.

$KMB$NFLX$RUM$TM
Sectors

Sector Update: Consumer Stocks Advance Monday Afternoon

Consumer stocks were higher Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 1.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.1%.In corporate news, Netflix (NFLX), Amazon (AMZN) and Alphabet's (GOOGL) YouTube have formed a policy coalition to support shared positions on key issues, Axios reported. The Streaming Access and Choice Alliance is led by trade group TechNet with the big three streamers as its founding corporate members, the report said. Netflix shares were rising 4.3%.Comcast (CMCSA) and Paramount Skydance (PSKY) are starting a "review strategic options" for their European streaming joint venture SkyShowtime, including a potential business closure, The Hollywood Reporter said Monday, citing a company letter. Comcast shares fell 1%, and Paramount was adding 3.7%.Toyota Motor (TM) said Monday it plans to launch a hydrogen fuel cell version of its Hilux pickup truck in 2028. The vehicle will target a driving range of more than 400 kilometers and towing capacity of up to 2.5 metric tons, Toyota said. Its shares were down 0.6%.

$CMCSA$NFLX$PSKY$TM
Wire

Toyota to Launch Hydrogen Fuel Cell Version of Hilux in 2028

Toyota Motor (TM) said Monday it plans to launch a hydrogen fuel cell version of its Hilux pickup truck in 2028.The vehicle will target a driving range of more than 400 kilometers and towing capacity of up to 2.5 metric tons, Toyota said.The company also unveiled its third-generation fuel cell system for heavy-duty commercial applications, with output and durability doubled from the previous generation, 20% improved fuel efficiency and significantly lower costs.Toyota said it will supply the system for 40 heavy duty vehicles under Scania's Pilot Partner program, with the first trucks expected to begin operations in Q1 of 2027.The company said it will also provide the fuel cell system for Iveco's new-generation fuel cell electric vehicles, with validation expected to start in Q4 and on-road trials in H1 of 2027.Price: $196.86, Change: $-1.34, Percent Change: -0.68%

$TM
Wire

Iridium Communications, Deutsche Telekom IoT Demonstrate Satellite Voice Messaging With Toyota

Iridium Communications (IRDM) and Deutsche Telekom IoT said Thursday they transmitted a voice message over Iridium NTN Direct in a demonstration with Toyota Motor (TM).The message was sent from a Toyota vehicle equipped with a Nordic Semiconductor development board and a Deutsche Telekom IoT SIM and transmitted entirely through Iridium's low-Earth orbit satellite network, the companies said.Deutsche Telekom IoT customers using compatible devices are expected to gain commercial access to Iridium NTN Direct in Q4, with select European clients already conducting trials, according to the joint statement.The test illustrates how Iridium NTN Direct has the potential to provide connectivity beyond traditional coverage areas, according to the company.Price: $47.69, Change: $+0.63, Percent Change: +1.34%

$IRDM$TM
Sectors

Sector Update: Consumer Stocks Softer Late Afternoon

Consumer stocks were lower late Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 0.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.6%.In corporate news, Toyota (TM) and Honda (HMC) could get stuck with the bill if President Trump's 50% tariff on Canadian car imports go into effect on Jan. 1 as proposed, Reuters reported. Toyota and Honda could be forced to shut down some production lines, according to the late Sunday report, which cited analysts. If the tariffs go into effect, the two automakers will likely try to redirect vehicles built in Canada to other markets and look for ways to make up supply for the US market, analysts told the media outlet. Toyota shares were up 1.1%, and Honda was adding 0.2%.The Federal Trade Commission plans to file a lawsuit alleging that Amazon.com (AMZN) deceived advertisers by covertly raising the minimum price they had to pay to place ads on its retail platform promoting their products, The Wall Street Journal reported Monday, citing agency officials. A bipartisan group of over 20 state attorneys general will join the FTC in the lawsuit, which will be filed in a Seattle federal court, the report said, citing the officials. Amazon shares were down 2.4%.Herbalife (HLF) CEO Stephan Gratziani will step down, effective Oct. 31, the company said. The company said that it is reaffirming its guidance for Q3 and the full-year, previously provided on Aug. 5. It still expects Q3 net sales growth of 0.5% to 4.5% year-over-year along with adjusted earnings before interest, taxes, depreciation, and amortization of $160 million to $180 million. Herbalife shares were falling 12%.GameStop (GME) shares rose past 3% after the company said it expects Q2 net income of $290 million to $310 million, up from $168.6 million a year earlier.

$AMZN$GME$HLF$HMC$TM
Sectors

Sector Update: Consumer

Consumer stocks were lower late Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 0.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.6%.In corporate news, Toyota (TM) and Honda (HMC) could get stuck with the bill if President Trump's 50% tariff on Canadian car imports go into effect on Jan. 1 as proposed, Reuters reported. Toyota and Honda could be forced to shut down some production lines, according to the late Sunday report, which cited analysts. If the tariffs go into effect, the two automakers will likely try to redirect vehicles built in Canada to other markets and look for ways to make up supply for the US market, analysts told the media outlet. Toyota shares were up 1%, and Honda was adding 0.3%.

$HMC$TM
Wire

Market Chatter: Toyota, Honda Could Get Stuck With the Bill for Trump's Tariffs on Canada

Toyota Motor (TM) and Honda Motor (HMC) could get stuck with the bill if President Trump's 50% tariff on Canadian car imports go into effect on Jan. 1 as proposed, Reuters reported.Toyota and Honda could be forced to shut down some production lines, according to the late Sunday report, which cited analysts.If the tariffs go into effect, the two automakers will likely try to redirect vehicles built in Canada to other markets and look for ways to make up supply for the US market, analysts told the media outlet.Toyota, Honda did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $196.88, Change: $+2.40, Percent Change: +1.23%

$HMC$TM
Sectors

Sector Update: Consumer Stocks Higher Pre-Bell Friday

Consumer stocks were higher premarket Friday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) advancing 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gaining 0.1%.Gap (GAP) shares were up more than 13% after the company raised its 2026 adjusted earnings guidance.Chagee (CHA) stock was down 4% after the company reported lower Q2 non-GAAP net income.Toyota Motors (TM) shares were 1% higher after Nikkei Asia reported late Thursday that the company is planning to build an electric Sports Utility Vehicle in China.

$CHA$GAP$TM$XLP$XLY
Commodities

Exchange-Traded Funds, Equity Futures Mixed Pre-Bell Friday Ahead of Warsh Speech

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.1% and the actively traded Invesco QQQ Trust (QQQ) was down 0.2% in Friday's premarket activity as markets traded mixed ahead of Fed Chair Kevin Warsh's speech.US stock futures were mixed, with S&P 500 Index futures down 0.03%, Dow Jones Industrial Average futures gaining 0.02%, and Nasdaq futures slipping 0.3% before the start of regular trading.The Chicago PMI for August will be released at 9:45 am ET.Fed Chair Warsh is scheduled to deliver a presentation at the central bank's annual Jackson Hole symposium in Wyoming at 10 am ET.The University of Michigan consumer sentiment report for August is due at 10 am ET.The weekly Baker Hughes domestic oil-and-gas rig count posts at 1 pm ET.In premarket activity, bitcoin was down by 0.4%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.5% lower, Ether ETF (EETH) advanced 0.3%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was 3.3% higher.Power Play:FinancialThe State Street Financial Select Sector SPDR ETF (XLF) was flat Direxion Daily Financial Bull 3X Shares (FAS) was down 0.2%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.1% higher.PayPal (PYPL) stock was down more than 14% after Bloomberg News reported that buyout firm Advent and payment-processor Stripe have abandoned their bid to buy the company.Winners and Losers:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 0.5%, the iShares US Technology ETF (IYW) was 0.1% lower, and the iShares Expanded Tech Sector ETF (IGM) was up 0.3%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was down 1.2%, while the iShares Semiconductor ETF (SOXX) declined by 0.9%.Marvell Technology (MRVL) shares were down 7% following the company's fiscal Q2 results.EnergyThe iShares US Energy ETF (IYE) was up 3%, while the State Street Energy Select Sector SPDR ETF (XLE) advanced 0.2%.BW LPG (BWLP) stock was down more than 4% before market open after the company reported lower Q2 revenue.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.3%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) gained 0.4%, and the iShares US Consumer Staples ETF (IYK) advanced 0.1%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) was 0.1% higher. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) increased 0.1%.Toyota Motors (TM) shares were up more than 1% pre-bell after Nikkei Asia reported late Thursday that the company is planning to build an electric Sports Utility Vehicle in China.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.3%, the Vanguard Health Care Index Fund (VHT) was up 0.03%, while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) was 0.1% lower.Eli Lilly (LLY) stock was up nearly 1% premarket after the company said that the US Food and Drug Administration approved Mounjaro to lower the risk of major adverse cardiovascular events in adults with type 2 diabetes who are at high risk for those events.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.4%, while the Vanguard Industrials Index Fund (VIS) was flat and the iShares US Industrials ETF (IYJ) was inactive.Saia (SAIA) stock was up more than 1% before the opening bell after Deutsche Bank raised its price target to $370 from $340.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 0.9% to $82.81 per barrel on the New York Mercantile Exchange. Natural gas was down 2.4% at $2.85 per 1 million British Thermal Units. The United States Oil Fund (USO) fell 1%, while the United States Natural Gas Fund (UNG) was 2.2% lower.Gold futures for November were down by 0.4% at $4,647.30 an ounce on the Comex. Silver futures gained 1.5% to reach $71.29 an ounce. SPDR Gold Shares (GLD) decreased 0.1%, and the iShares Silver Trust (SLV) was 1.7% higher.

Dow JonesNasdaq CompositeS&P 500$BETH$BITO$BWLP$EEM$EETH$EXI$FAS$FAZ$GLD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$LLY$MRVL$PMR$PYPL$QQQ$RTH$SAIA$SLV$SOXX$SPY$TM$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Wire

Toyota to Introduce Self-Driving Cars in 2028, Nikkei Asia Reports

Toyota to Introduce Self-Driving Cars in 2028, Nikkei Asia Reports

$TM
Wire

Market Chatter: Canada Mulls Proposal on Auto Tariffs, Presses US for Relief

Canadian officials are considering a proposal in which Canada would accept US auto tariffs in exchange for a lowering on tariffs for vehicles compliant with the US-Mexico-Canada Agreement, The Globe and Mail reported Wednesday, citing three sources on both sides of the border.The proposal would also leave an exemption unchanged for the value of American content in cars exported from Canada, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $87.21, Change: $-2.14, Percent Change: -2.40%

$F$GM$HMC$STLA$TM$TSLA
Wire

Canada Mulls Proposal on Auto Tariffs, Presses US for Relief, Globe and Mail Reports

Canada Mulls Proposal on Auto Tariffs, Presses US for Relief, Globe and Mail Reports

$F$GM$HMC$STLA$TM$TSLA
Wire

Update: Market Chatter: Taiwan Semiconductor Manufacturing, Toyota Operations Hit by Japan Earthquake

(Updates to include a statement from Taiwan Semiconductor Manufacturing in the fourth paragraph.)Taiwan Semiconductor Manufacturing (TSM) and Toyota Motor (TM) were among manufacturers whose operations were disrupted after a powerful earthquake struck Japan's Kumamoto prefecture, Nikkei Asia reported Wednesday.Taiwan Semiconductor Manufacturing evacuated personnel from its JASM semiconductor plant in Kumamoto after the quake triggered mandatory evacuation procedures, while some construction work at JASM's second fab was temporarily suspended as a precaution, a company spokesperson told Nikkei Asia.Toyota will halt production at three plants in Fukuoka prefecture from Wednesday evening through Friday while it assesses safety, logistics and supplier conditions, the report said, citing the automaker.Taiwan Semiconductor Manufacturing toldthat JASM structures are safe following structural inspections and it is now inspecting equipment and doing recovery works. The company also said it is still assessing the earthquake's impact.Toyota Motor did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $383.08, Change: $-9.23, Percent Change: -2.35%

$TM$TSM
Commodities

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Monday as Oil Prices Fall

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.9%, and the actively traded Invesco QQQ Trust (QQQ) advanced 1.4% in Monday's premarket activity, as oil prices fell amid hopes of a US-Iran truce.US stock futures were also higher, with S&P 500 Index futures up 0.9%, Dow Jones Industrial Average futures advancing 1.2%, and Nasdaq futures gaining 1.4% before the start of regular trading.New orders for US durable goods rose by 0.3% in June following a decline of 4.0% in May, compared with the expectations for a larger increase of 1.8% in a survey compiled by Bloomberg.The Dallas Federal Reserve's manufacturing index for July will be released at 10:30 am ET.In premarket action, bitcoin was up by 0.6%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.5% higher, Ether ETF (EETH) rose 5.4%, and Bitcoin & Ether Market Cap Weight ETF (BETH) retreated marginally by 0.01%.Power Play:EnergyThe iShares US Energy ETF (IYE) declined by 2.1%, while the State Street Energy Select Sector SPDR ETF (XLE) fell 2.6%.TotalEnergies (TTE) stock was down more than 3% before market open after the company said it has decided to appeal a June 25 ruling by the Paris Judicial Court in a climate-related duty-of-vigilance case.Winners and Losers:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.9%, the Vanguard Industrials Index Fund (VIS) gained 0.8%, and the iShares US Industrials ETF (IYJ) was 0.3% higher.United Airlines (UAL) stock was up more than 3%, while Delta Air Lines (DAL) shares rose 2.7% before the opening bell, a day after The Wall Street Journal reported that United pitched a merger deal to Delta last year, but the talks fizzled out without a deal after Delta declined to pursue the proposal.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.8%. Direxion Daily Financial Bull 3X Shares (FAS) was up 1.8%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 2.2% lower.Northern Trust (NTRS) shares traded up 2% in early hours activity after the company said it has been selected to provide fund administration and related services to alternative asset manager Dawson Partners.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced 1.6%, the iShares US Technology ETF (IYW) was 1.6% higher, and the iShares Expanded Tech Sector ETF (IGM) was up 0.2%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) gained 2.6%, while the iShares Semiconductor ETF (SOXX) rose by 2.2%.Broadcom (AVGO) shares were up more than 2% in premarket activity after the company and Samsung Electronics said they signed a memorandum of understanding to expand their strategic collaboration across memory and foundry technologies to support next-generation artificial intelligence infrastructure.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.6%, the Vanguard Health Care Index Fund (VHT) was up 1.6%, while the iShares US Healthcare ETF (IYH) slipped 0.01%. The iShares Biotechnology ETF (IBB) was 0.5% higher.AstraZeneca (AZN) stock was up 1% premarket after the company reported higher Q2 core earnings and revenue.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.1%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) advanced 0.1%, and the iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rose 1.1%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was 1.2% higher.Toyota Motor (TM) shares were up more than 1% pre-bell after the company said it signed a binding agreement with Volvo Group and Daimler Truck to acquire a one-third stake in fuel-cell joint venture cellcentric.CommoditiesFront-month US West Texas Intermediate crude oil declined by 5.7% to $84.24 per barrel on the New York Mercantile Exchange. Natural gas was down by 3.1% to $2.80 per 1 million British Thermal Units. The United States Oil Fund (USO) was down 6.2%, while the United States Natural Gas Fund (UNG) was 3.7% lower.Gold futures for November gained 0.7% to $4,156.50 an ounce on the Comex. Silver futures were up 0.8% to $59.35 an ounce. SPDR Gold Shares (GLD) increased 0.7%, and the iShares Silver Trust (SLV) was 1.3% higher.

Dow JonesNasdaq CompositeS&P 500$AVGO$AZN$BETH$BITO$DAL$EEM$EETH$EXI$FAS$FAZ$GLD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$NTRS$PMR$QQQ$RTH$SLV$SOXX$SPY$TM$TTE$UAL$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Japan

Update: US Equity Futures Rise Pre-Bell as Oil Prices Drop Amid Pause in Middle East Hostilities

US equity futures rose pre-bell Monday as oil prices declined amid a pause in hostilities between the US and Iran over the weekend.Dow Jones Industrial Average futures were 1.1% higher, S&P 500 futures were up 0.8%, and Nasdaq futures were 1.3% higher.The US did not strike any Iranian targets on Saturday or Sunday after 13 consecutive nights of attacks. The US ambassador to the United Nations, Mike Waltz, told Fox News that President Donald Trump has halted the attacks for the meantime to allow more time for diplomacy. Iran said it will suspend its own attacks as long as the US does the same, Reuters reported Sunday, citing a senior Iranian official.Traders anticipate another round of earnings this week, kicked off by AstraZeneca (AZN), which posted higher Q2 core earnings and revenue.Microsoft (MSFT), Meta Platforms (META), Apple (AAPL), Amazon.com (AMZN), Lam Research (LRCX), and Arm (ARM) are set to release their financial results this week. Anticipated earnings also include Seagate Technology (STX), Qualcomm (QCOM), Procter & Gamble (PG), Visa (V), and Mastercard (MA).Traders also look forward to the Federal Reserve's policy session and rate statement, slated for Wednesday.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 5.2% at $86.94 per barrel and US West Texas Intermediate crude 6% lower at $83.97 per barrel.Durable goods new orders rose 0.3% in June after a 4.0% decline in the prior month, compared with expectations for a 1.8% increase in a survey compiled by Bloomberg. The Dallas Fed manufacturing survey for July will be released at 10:30 am ET.In other world markets, Japan's Nikkei closed 0.5% higher, Hong Kong's Hang Seng ended 1% higher, and China's Shanghai Composite finished 1.2% higher. Meanwhile, the UK's FTSE 100 was up 0.4%, and Germany's DAX index was 1.6% higher in Europe's early afternoon session.In equities, energy-related stocks were on the downswing due to the drop in oil prices. Exxon Mobil (XOM) shares fell 3.4%, Chevron (CVX) stocks were down 2.7%, and Shell (SHEL) shares were 2.3% lower.On the winning side, Broadcom (AVGO) stock was up 2.1% after the company and Samsung Electronics said they signed a memorandum of understanding to expand their strategic collaboration across memory and foundry technologies to support next-generation artificial intelligence infrastructure. Advanced Micro Devices (AMD) shares rose 2.2% after a Korea Times report cited the Ministry of Science and ICT as saying that the company partnered with South Korea to establish an artificial intelligence research facility and expand computing infrastructure. Toyota Motor (TM) stock was up 1.6% after the company said it signed a binding agreement with Volvo Group and Daimler Truck to acquire a one-third stake in fuel-cell joint venture Cellcentric.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMD$AMZN$ARM$AVGO$AZN$CVX$LRCX$MA$META$MSFT$PG$QCOM$SHEL$STX$TM$V$XOM
Sectors

Sector Update: Consumer Stocks Mixed Late Afternoon

Consumer stocks were mixed late Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 0.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 0.9%.In corporate news, Conagra Brands (CAG) laid out a plan to streamline operations, including reviewing its non-core assets, as the packaged food company seeks to restore margins and invest more aggressively in supply chains. Chief Executive John Brase, who joined the company on June 1, announced the restructuring initiative Wednesday, alongside fiscal Q4 results. Conagra Brands shares were down 1.4%.The US Federal Communications Commission is expected to repeal a nationwide TV audience cap in what would be a win for Nexstar Media's (NXST) acquisition of rival Tegna, Bloomberg reported. A Nexstar-Tegna combination would reach roughly 80% of US households, significantly above the historic threshold of 39%, the report said. Nexstar shares jumped 4.2%.Ford (F) Executive Chairman Bill Ford said Tuesday that the US automotive industry has to prepare for competition from China's carmakers when they eventually enter the market. "It's astonishing how quickly the Chinese auto companies have just taken Europe by storm. Because they're being subsidized by the Chinese government, and you know the Chinese government decided that their domestic economy was in tough straits, so they were going to export the heck out of things, and they have," Ford said at an event sponsored by Axios. Ford shares were up 1.7%.Toyota Motor (TM) could lose its title as the world's largest automaker by sales to BYD without the Chinese competitor entering the US market, The Financial Times reported, citing BYD executive Stella Li and Founder Wang Chuanfu. The electric-vehicle manufacturer plans to surpass Toyota within five years through organic expansion and rapid advances in charging technology, the news outlet reported. Toyota shares increased 0.3%.

$CAG$F$NXST$TM
Sectors

Sector Update: Consumer Stocks Rise Wednesday Afternoon

Consumer stocks were higher Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.6% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 1.4%.In corporate news, the US Federal Communications Commission is expected to repeal a nationwide TV audience cap in what would be a win for Nexstar Media's (NXST) acquisition of rival Tegna, Bloomberg reported. A Nexstar-Tegna combination would reach roughly 80% of US households, significantly above the historic threshold of 39%, the report said. Nexstar shares jumped 4.2%.Ford (F) Executive Chairman Bill Ford said Tuesday that the US automotive industry has to prepare for competition from China's carmakers when they eventually enter the market. "It's astonishing how quickly the Chinese auto companies have just taken Europe by storm. Because they're being subsidized by the Chinese government, and you know the Chinese government decided that their domestic economy was in tough straits, so they were going to export the heck out of things, and they have," Ford said at an event sponsored by Axios. Ford shares were up 2.2%.Toyota Motor (TM) could lose its title as the world's largest automaker by sales to BYD without the Chinese competitor entering the US market, The Financial Times reported, citing BYD executive Stella Li and Founder Wang Chuanfu. The electric-vehicle manufacturer plans to surpass Toyota within five years through organic expansion and rapid advances in charging technology, the news outlet reported. Toyota shares were fractionally higher.

$F$NXST$TM
Wire

Toyota, Repsol, BMW, Bosch Launch 100% Renewable Fuel Vehicle Pilot in Spain

Toyota Motor (TM), Repsol, BMW Group and Bosch launched a six-month pilot project in Spain to demonstrate passenger vehicles running exclusively on 100% renewable gasoline, Repsol said Wednesday.The initiative, which began in early July, uses a fleet of about 20 Toyota and BMW vehicles powered by Repsol's Nexa 95 renewable gasoline and supported by Bosch's digital fuel-tracking technology, Repsol said in a statement.Data and findings from the pilot will be shared with EU policymakers to support regulations that recognize renewable fuels alongside electrification, Repsol said."The pilot will provide real-world evidence that renewable fuels can be deployed at scale today using existing vehicles, refueling infrastructure and digital certification technologies," the statement said.Price: $176.05, Change: $-0.17, Percent Change: -0.10%

$TM
Sectors

Sector Update: Consumer Stocks Lower in Afternoon Trading

Consumer stocks were lower Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) dropping 2%.In corporate news, Tesla's (TSLA) expansion into Miami saw Robotaxis being debuted with fewer drivers and without people acting as safety monitors and sitting in passenger seats for early rides, The Information reported. The launch represents Tesla CEO Elon Musk's strategy of rapidly expanding Robotaxi service without the kind of market-by-market training as seen in rival Alphabet's (GOOG, GOOGL) Waymo, the report said. Tesla shares were down 2.5%.Estee Lauder (EL) approved an additional $197 million in restructuring and related charges, bringing total costs under a recovery and growth plan to $1.75 billion. The latest charges comprise $74 million in employee-related costs, $87 million in asset-related costs and smaller contract termination and exit costs, the company said Tuesday in a regulatory filing. Estee shares fell 3.3%.Toyota Motor's (TM) decision to move production of its Tacoma pickup truck from Mexico to Texas has raised concerns that more automakers could shift production out of Mexico amid growing uncertainty over US-Mexico trade ties, Bloomberg reported. Toyota shares were down 1.4%.

$EL$TM$TSLA
Wire

Market Chatter: Toyota Tacoma Production Shift Raises Concerns Over Mexico Auto Output

Toyota Motor's (TM) decision to move production of its Tacoma pickup truck from Mexico to Texas has raised concerns that more automakers could shift production out of Mexico amid growing uncertainty over US-Mexico trade ties, Bloomberg reported Wednesday, citing two people familiar with the matter.Automakers with operations in Mexico are reviewing contingency production plans, trimming output and reassessing long-term plant expansion agreements, according to the report.Toyota Motor did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $175.59, Change: $-3.84, Percent Change: -2.14%

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