- Reuters / Phil Noble
Here is what you need to know.
Amazon is said to be testing its own delivery service. Bloomberg reports that the retail titan is experimenting with one that will make more products available for two-day shipping, and it’s expected to rival FedEx and UPS.
Theresa May’s future as prime minister is in doubt after a chaotic conference speech. The prime minister had aimed to stabilize her position with the keynote speech to close the Conservative conference but was disrupted by a series of mishaps that left her “extremely distraught,” the Telegraph newspaper reported.
Google has revealed its second-generation smartphone, the Pixel 2. Google on Wednesday unveiled two new smartphones: the Pixel 2 and the Pixel 2 XL.
Uber’s profits jumped 65% in the UK before it lost its license in London. The ride-hailing company is to appeal the ban and sent its CEO to London to speak with regulators.
The Bank of England stressed the importance of getting a Brexit transition deal done by Christmas. One of the Bank of England’s most senior employees in charge of banking regulation has warned that Britain and the European Union need to make progress on a Brexit transition deal by Christmas or risk seeing banks and financial firms leave.
Bloomberg is fighting back against the startup that wants to encroach on its Wall Street chat service. The company will offer its signature chat function for just $10 in response to increasing competition from the chat and data startup Symphony.
Recent storm activity is expected to cut US hiring numbers for September. The effect of two major hurricanes will hit monthly jobs data due Friday, though the effect is expected to be short-lived.
Stock markets around the world are mixed. Hong Kong’s Hang Seng (+0.73%) led the gains in Asia, and the FTSE 100 (+0.26%) led mixed results in Europe. The S&P 500 is set to open up 0.1% near 2,540.
Earnings reporting is light. Constellation Brands will report quarterly results before the market open, while Costco’s results will come after the close.
US economic data flows. Initial jobless claims will be released at 8:30 a.m. ET before factory orders and durable goods are announced at 10 a.m. The US 10-year yield is little changed at 2.33%.