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Premarket: What you need to know before the bell



The company valued the IPO at $ 72 a share on Thursday, valuing the company at about $ 24 billion. This is higher than the expected price range of $ 62 to $ 68 per share, which implies strong demand from investors.

This year is emerging as a technology IPO-bonus, with market debuts being anticipated by companies such as Uber, Slack, Pinterest and Postmates.

Lyft's IPO may be leading how these companies will be received by investors. In particular, Lyft will almost certainly be seen as a proxy for Uber, which is a much larger business.

Lyft's net loss rose to $ 911 million in 2018, which is more than any other US-run losing in the year before the IPO. Uber said last month that he lost $ 1

.8 billion in 2018

2. Wells Fargo's CEO suddenly resigned: Wells Fargo CEO Tim Sloan withdrew when the bank struggles to overcome scandals.

Sloan said he had decided to give up control of WFC ) as a way to help the bank move on. The management board of Wells Fargo vowed to find an outsider to replace Sloan, who plans to retire at the end of June. Meanwhile, regulators have kept Wells Fargo in the criminal field for what the US Federal Reserve has described as "widespread consumer abuses."

Wells Fargo shares rose by 1.5% in premarket trade 3. Huawei's profits: Huawei's profit rose to nearly $ 9bn a year ago, powered by the thriving smartphone business, but the US-led campaign against the company is weighing on sales of telecom equipment. profits increased by 25% to 59.3 billion yuan ($ 8.7 billion). The sales did not reach an earlier forecast, but they still jumped by 19.5% to 721 billion yuan ($ 105 billion).

Huawei sells more telecom equipment than any other company in the world, and smartphone business is growing faster than Apple ( AAPL ) .

However, there are signs that US efforts to stop other nations from using Huawei's equipment in telecommunication networks may have an effect. Huawei's sales of carrier equipment fell 1.3%. 4. The largest negotiators from the United States and China concluded their Beijing meetings aimed at reaching a trade agreement between the two largest economies in the world.

US Secretary of State Steven Munchin described the discussions as "constructive" in a tweet and said talks with Chinese Deputy Prime Minister Liu would continue in Washington next week

Since the beginning of 2018, the two governments have been locked in escalating trade war where hundreds of billions of dollars were plagued

Hopes of a forthcoming trade deal were recently backed by reports of a possible summit in April between US President Donald Trump and Chinese son Jinpi d

5. Overview of the global market: Nasdaq added 0.3% in the first quarter of the year, the shares in Asia ended in positive territory The Dow and the S & P 500 rose 0.4 percent, with the strong performance of the S & P 500 on Friday rallying the index to its best quarter since 2009.

Before Bell's newsletter: Key Market News. In your inbox. TUIFF ) dropped 9% in Frankfurt after the German tourist company warned that it would win a profit of 200 million euros this year because 737 Max Airplanes were grounded. [19459109] BA warned investors earlier this week that landing 737 Max damages sales of tickets. KMX ) and BB ) reported revenue before opening.

7. This week comes:

Friday – Profit of Huawei; Carmax ( KMX ) Revenue

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