Futures Lower Monday; Bob Iger Returns as Disney CEO

First Look

Futures are pointed lower Monday morning. Chinese stocks are down as fears grow that China may tighten its COVID policies again as the country experiences a rise in reported deaths. Meanwhile, Disney (DIS) shares are up 9.01% this morning with Bob Iger returning as CEO of the company after previously serving as CEO from 2005 to 2020. Jacobs Solutions (J) stock is 3.94% higher during premarket trading following the engineering services company's earnings and revenue beat while expecting higher adjusted earnings in the 2023 fiscal year. The Dow Jones is down -0.19%, the S&P is down -0.5%, the Nasdaq is down -0.75%.

Today's Sentiment

Quote of the Day

The hater always suffers more than the object of his hatred.
Bret Stephens

Stocks on the Move

International Markets

Stocks in Asia are down. The Hang Seng is down -1.87%, the Mumbai Sensex is down -0.84%, the Shanghai SE Composite Index is down -0.39% the Australia ASX All Ordinaries is down -0.27% and the Nikkei 225 is up 0.16%.Stocks in Europe are down. The DAX is down -0.69%, the Euro Stoxx 50 is down -0.63%, the CAC 40 is down -0.29% and the FTSE 100 is down -0.06%.

Futures & Currencies

Energy futures are mixed today. The price for West Texas Intermediate crude oil is down -0.22 at 79.86 per barrel. Brent crude is down -0.62 at 87 per barrel. Natural Gas is flat 0 at 6.3. Precious metals are down this morning. Gold is down -13 at 1756 per ounce. Platinum is down -8.72 at 973.15 while silver is down -0.38 at 20.82. The dollar is up compared to the major currencies today. The greenback is up against the euro, up against the Yen and up against the Pound. Bitcoin is down -2.31% to $16,176.90 while Ethereum is down -3.35% to $1,133.38.

Put/Call Ratio

Yesterday, 1,905,979 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 1,160,502 put contracts. The single-session put/call ratio was 0.61.

Today's Economic Calendar

Earnings Expected Today