Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ US https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Premarket: Here's what you need to know before the bell

Premarket: Here's what you need to know before the bell

The company said Thursday that it will record a $ 5 billion post-tax charge in the second quarter, citing potential concessions to customers for disruptions and delivery delays.

Boeing ( (19459006) ] BA ) halted deliveries of his Max jets in March following two deadly crashes in less than six months. That costs Boeing significant revenue, because most of the cost of a plane is paid at the time it's delivered.

Boeing did not mention the potential costs of litigation against the company. It said earlier this month that it would pay $ 1

00 million to help the families of the victims of the crashes.

Full second-quarter earnings will be released next week. The stock's stock rose 1.7% in pre-market trading

2. Iran and oil: Tensions between United States and Iran are once again driving up oil prices

US President Donald Trump said Thursday that USS Boxer downed a Iranian drone said to have come within 1,000 yards of the ship. The drone ignored "multiple calls to stand down" and threatened the crew's safety, Trump said.

The incident marked another escalation in relations between Washington and Tehran at an already bloated moment. It comes almost exactly one month after Iran shot down an American drone.

Brent crude, the global benchmark, rose 1.2% Friday to $ 62.69 and a barrel. Investors will be on high alert for additional developments in the Strait of Hormuz, the crucial channel used to transport oil from the Persian Gulf.

3. Microsoft's beat: Microsoft's cloud division is sending the company to new heights.

Revenue for the quarter ending in June beat projections by nearly $ 1 billion, according to results released on Thursday. Sales at Microsoft's commercial cloud division, which includes Azure, Office 365 and Division 365, increased 39% from the prior year to $ 11 billion.

"This quarter was an outright blow out quarter without blemishes,

Microsoft ( MSFT ) Shares rose 3.5% Friday in premarket trading

4. Rally returns: Global stocks are rallying as optimism returns for a potential interest rate cut from the Federal Reserve

US stock futures point to fresh gains. The Dow is set to rise 120 points, or 0.4%, when markets open. The Nasdaq could also rise 0.4%. The S & P 500 is poised to jump 0.3%.
Stocks in Asia and Europe are also trading in the green. Hong Kong's Hang Seng finished up 1.2% Friday, while Japan's Nikkei jumped 2%. Britain's FTSE 100 rose 0.6% in early trading, while Germany's DAX gained 0.8%.
The Dow closed up 0.01% on Thursday. The S & P 500 rose 0.4%, and the Nasdaq finished 0.3% higher
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5. BLK earnings; University of Michigan Consumer Sentiment

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