U.S. stock futures were lower this morning, as both President Donald Trump and China ramp up the rhetoric in their trade dispute, ahead of resumed talks in Washington today. The Dow eked out a small gain Wednesday, but it's still off more than 2% this week. Trump fueled market concerns late Wednesday, saying at a rally in Florida that China"broke the deal." Trade negotiations get underway today, facing a 12:01 a.m. ET Friday deadline for the U.S.
North Korea fired unidentified projectiles today, according to the South Korean military. It's the third such launch by Pyongyang since talks collapsed between President Trump and North Korea leader Kim Jong Un in February. * 'We reject any ultimatums': Europe responds firmly to Iran's nuclear deal threat
Edgewell Personal Care , owner of Schick and Wilkinson razors, announced today plans to buy U.S.-based shaving startup Harry's for $1.37 billion, in a cash-and-stock deal. Three years ago, Unilever purchased Dollar Shave Club for $1 billion. A coalition of 19 consumer and privacy groups plans to file a complaint, alleging that Amazon's Echo Dot Kids Edition is illegally collecting voice recordings and other identifying information on users under 13 and that the system's parental controls are flawed.
Tapestry , the company formerly known as Coach reported adjusted quarterly profit of 42 cents per share, 1-cent above estimates, with revenue essentially in line. Comparable store sales were up 1.0%, beat the 0.9 percent consensus forecast. Roku lost an adjusted 9 cents per share for the first quarter, smaller than the 25 cent loss that Wall Street was expecting. The maker of streaming video devices saw revenue beat estimates. Roku also gave an upbeat current quarter forecast.
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