U.S. stock futures point to a strong open on Wall Street, after China said it wished to resolve its trade dispute with the U.S. with a 'calm' attitude
as efforts to restructure its debt run dry. It could not be immediately determined whether the company has begun to raise a so-called debtor-in-possession loan that would fund a potential bankruptcy, and it is still possible the company is able to avoid a filing. may have been too modest, after 43% of households responding to a UBS survey said they intended to subscribe to the service. Disney's own projections have predicting 20% to 30% of households would subscribe by 2024.
PVH beat estimates with adjusted quarterly earnings and revenue. However, the company behind clothing brands like Calvin Klein also cut its full year profit forecast for the second time this year, with results coming under pressure from the U.S.-China trade dispute and unrest in Hong Kong. Guess exceeded Wall Street forecasts with its adjusted quarterly profit and revenue. The company credits stronger sales and improved expense management, among other factors.Today from 4 p.m. to 6 p.m. will be the worst day and time to hit the road as people look to get a head start on the long weekend. Tomorrow afternoon, especially from 1 p.m. to 4 p.m., for those on their way out of town, and Monday morning, 7 a.m. to 10 a.m., when people start return trips, will also be congested.
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