In a 2-1 ruling, the U.S. Court of Appeals for the Ninth Circuit agreed to a Biden administration request and blocked for now a lower court decision that would have barred the administration from enforcing its new policy.
Donald Trump Pleads Not Guilty to Charges Over Efforts to Change 2020 Election Result
WASHINGTON-Former President Donald Trump pleaded not guilty Thursday to charges that he conspired to overturn the results of the 2020 election to remain in power, appearing in a federal courtroom blocks from the U.S. Capitol that was stormed by his supporters on Jan. 6, 2021.
While the plea amounted to two words, their resonance was enormous. Trump denied the charges in the indictment, the first time a president has been accused of blocking the peaceful transfer of power to his successor.
U.S. to Place Armed Sailors, Marines on Tankers to Stop Iran's Attacks
WASHINGTON-The Pentagon is poised to offer armed sailors and Marines to commercial vessels transiting the Persian Gulf region to deter Iranian forces from attacking the ships, according to U.S. officials.
The U.S. military would put the forces on commercial vessels that are considered vulnerable to attack by Iranian forces, particularly those ships sailing through the Strait of Hormuz. Roughly one-fifth of the world's oil passes through that heavily trafficked but increasingly dangerous choke point south of the Persian Gulf, off the coast of Iran near the United Arab Emirates and Oman.
Russia Is Again Turning to North Korea to Replenish Ammunition Supplies
WASHINGTON-Russia is looking to buy more ammunition from North Korea to replenish its dwindling stockpiles amid Moscow's ongoing war in Ukraine, the U.S. said Thursday.
National Security Council spokesman John Kirby said that any arms deal between North Korea and Russia would be a violation of several United Nations Security Council resolutions. He added that the U.S. would continue to identify and stop Russian efforts to acquire ammunition from North Korea, or any other state that might be prepared to support the Kremlin's war in Ukraine.
Write to paul.larkins@dowjones.com TODAY IN CANADA
Earnings [2Q unless stated otherwise]:
dentalcorp
Enbridge
Energy Fuels
Ensign Energy
Magna International
Oncolytics Biotech
Supremex
TELUS
TELUS Intl
TransAlta
Economic Calendar (ET):
0830 Jul Labour Force Survey
1000 Jul Ivey Purchasing Managers Index
Stocks to Watch:
Canaccord Genuity 1Q Rev C$343.3M; 1Q Adj EPS C$0.07
China Gold International Resources Expects 1H Net Profit to Fall Between 83% to 88% Vs $154.0M Profit a Year Earlier; Suspension of Production at Jiama Mine in China Hurt Results
Chorus Aviation 2Q Net C$20.3M; 2Q Rev C$396.8M; 2Q Adj EPS C$0.08
Essential Energy Services 2Q Rev C$28.57M Vs. C$28.64M; 2Q Loss/Shr C$0.04 Vs. Loss C$0.01; 2Q Typically Slower; Wildfires Also Weighed on Oilfield Service Activity; 1H Rev C$74.4M Vs. C$66.4M; 1H Rev Rose on Improved Pricing in Essential Coil Well Service; 1H Loss/Shr C$0.02 Vs. Loss C$0.04; Well-Placed to Tap Improving Oilfield Service Activity; Long-Term Industry Outlook Relatively Positive
High Arctic 2Q Rev C$17.2M Vs. C$25.0M; 2Q EPS C$0.00; 6-Mos Rev C$26.0M Vs. C$53.1M; Had First Full Quarter of Drilling in Papua New Guinea; Sold Canada Nitrogen Pumping Business; Working to Complete Reorganization of Business; Proposed Spinoff of PNG Business to Address Inefficiencies; to Present Details of Reorganization in Coming Months
Kolibri Global Energy 2Q EPS 12C; 2Q Rev $10.1M
Trisura Sees 2Q Operating Operatings of C$0.53-C$0.56; 2Q Positive Net Income Impact of C$5M From Run-Off of a U.S. Program, With Negative Impact of C$18M-$23M Expected in 2H
Expected Major Events for Friday
02:00/JPN: Jul Imported Vehicle Sales
06:00/GER: Jun Manufacturing orders
06:00/GER: Jun Manufacturing turnover
06:45/FRA: Jun Industrial production index
06:45/FRA: 2Q Flash estimate of job creation
08:00/UK: Jul UK monthly car registrations figures
08:00/ITA: Jun Industrial Production
08:30/UK: Jul S&P Global / CIPS UK Construction PMI
12:30/CAN: Jul Labour Force Survey
12:30/US: Jul U.S. Employment Report
14:00/CAN: Jul Ivey Purchasing Managers Index
All times in GMT. Powered by Kantar Media and Dow Jones.
Expected Earnings for Friday
AdvanSix (ASIX) is expected to report $1.13 for 2Q.
Amneal Pharmaceuticals Inc (AMRX) is expected to report $0.15 for 2Q.
Audacy Inc (AUDA) is expected to report for 2Q.
Brookfield Renewable Corp (BEPC,BEPC.T) is expected to report for 2Q.
Brookfield Renewable Partners LP (BEP,BEP.UN.T) is expected to report $-0.08 for 2Q.
Cboe Global Markets Inc (CBOE) is expected to report $1.60 for 2Q.
DigitalBridge Group Inc (DBRG) is expected to report for 2Q.
EW Scripps Co - Class A (SSP) is expected to report for 2Q.
Enbridge Inc (ENB,ENB.T) is expected to report $0.68 for 2Q.
Evergy Inc (EVRG) is expected to report $0.77 for 2Q.
Fastenal Co (FAST) is expected to report.
Fisker Inc (FSR) is expected to report for 2Q.
Ford Motor Company (F) is expected to report.
Forum Energy Technologies Inc (FET) is expected to report for 2Q.
Fulgent Genetics Inc (FLGT) is expected to report $-0.66 for 2Q.
Genco Shipping & Trading Ltd (GNK) is expected to report $0.26 for 2Q.
Gray Television (GTN,GTNA) is expected to report $-0.19 for 2Q.
Green Plains Inc (GPRE) is expected to report $-0.04 for 2Q.
IES Holdings Inc (IESC) is expected to report for 3Q.
Interface (TILE) is expected to report $0.19 for 2Q.
Liberty TripAdvisor Holdings Inc - A Share (LTRPA,LTRPB) is expected to report for 2Q.
Magna International Inc (MG.T,MGA) is expected to report $1.63 for 2Q.
Marcus & Millichap Inc (MMI) is expected to report $-0.23 for 2Q.
Natural Resource Partners LP (NRP) is expected to report $1.30 for 2Q.
Nikola Corp (NKLA) is expected to report for 2Q.
Nine Energy Service Inc (NINE) is expected to report $-0.01 for 2Q.
Owens & Minor Inc (OMI) is expected to report $-0.02 for 2Q.
PNM Resources Inc (PNM) is expected to report $0.54 for 2Q.
PPL Corporation (PPL) is expected to report $0.29 for 2Q.
Plains All American Pipeline LP (PAA) is expected to report $0.26 for 2Q.
Plains GP Holdings LP (PAGP) is expected to report $0.26 for 2Q.
Proto Labs (PRLB) is expected to report $0.12 for 2Q.
RBC Bearings Inc (RBC) is expected to report $1.80 for 1Q.
Sunstone Hotel Investors (SHO) is expected to report $0.14 for 2Q.
TELUS International (Cda) Inc (TIXT.T) is expected to report for 2Q.
Twist Bioscience Corp (TWST) is expected to report $-1.15 for 3Q.
U.S. Cellular (USM) is expected to report $0.09 for 2Q.
XPO Inc (XPO) is expected to report $0.55 for 2Q.
fuboTV Inc (FUBO) is expected to report for 2Q.
inTEST Corp (INTT) is expected to report $0.25 for 2Q.
Powered by Kantar Media and Dow Jones.
ANALYST RATINGS ACTIONS
American Well Cut to Equal-Weight From Overweight by Morgan Stanley
Apellis Pharmaceuticals Cut to Neutral From Overweight by JP Morgan
Aravive Cut to Hold From Buy by EF Hutton
Aravive Cut to Market Perform From Outperform by William Blair
Aravive Cut to Neutral From Buy by BTIG
Aravive Cut to Neutral From Buy by HC Wainwright & Co.
Bluejay Diagnostics Cut to Neutral From Buy by Dawson James
Cerevel Therapeutics Cut to Neutral From Buy by B of A Securities
Claros Mortgage Trust Cut to Equal-Weight From Overweight by Wells Fargo
Clorox Raised to Neutral From Underweight by Atlantic Equities
Columbia Sportswear Cut to Market Perform From Outperform by TD Cowen
Crestwood Equity Partners Cut to Neutral From Buy by Citigroup
CSG Systems Raised to Buy From Hold by Stifel
Dorian LPG Cut to Hold From Buy by Jefferies
Doximity Cut to Neutral From Overweight by Piper Sandler
DXC Technology Cut to Hold From Buy by Deutsche Bank
DXC Technology Cut to Market Perform From Outperform by BMO Capital
DXC Technology Cut to Market Perform From Outperform by TD Cowen
DXC Technology Cut to Neutral From Buy by Citigroup
DXC Technology Cut to Sector Perform From Outperform by RBC Capital
Etsy Cut to Market Perform From Outperform by Bernstein
Extreme Networks Cut to Neutral From Buy by B. Riley Securities
FARO Technologies Raised to Buy From Hold by Craig-Hallum
Hayward Holdings Raised to Buy From Hold by Stifel
Intl Money Express Cut to Market Perform From Market Outperform by JMP Securities
LeMaitre Vascular Cut to Hold From Buy by Jefferies
Moderna Cut to Hold From Buy by Deutsche Bank
National CineMedia Cut to Neutral From Outperform by Wedbush
Pacira BioSciences Raised to Outperform From Market Perform by TD Cowen
Procore Technologies Cut to Hold From Buy by Loop Capital
Qorvo Raised to Outperform From Neutral by Exane BNP Paribas
Qualcomm Cut to Hold From Buy by Deutsche Bank
Roku Cut to Neutral From Buy by Citigroup
Ross Stores Raised to Outperform From Market Perform by TD Cowen
Simon Property Cut to In-Line From Outperform by Evercore ISI Group
Sonoco Products Cut to Hold From Buy by Argus Research
Southwest Airlines Cut to Underperform From Hold by Jefferies
Spirit Aerosystems Cut to Hold From Buy by Truist Securities
Spirit Aerosystems Cut to Neutral From Buy by Goldman Sachs
Staar Surgical Cut to Hold From Buy by Canaccord Genuity
Stoneridge Raised to Outperform From Market Perform by Barrington Research
SunCoke Energy Cut to Neutral From Buy by B. Riley Securities
Sunrun Raised to Buy From Neutral by Janney Montgomery Scott
Traeger Raised to Outperform From Market Perform by Telsey Advisory Group
TriplePoint Venture Grwth Cut to Sell From Neutral by Compass Point
Triumph Group Raised to Peer Perform From Underperform by Wolfe Research
Vita Coco Cut to Neutral From Buy by B of A Securities
Wayfair Raised to Buy From Hold by Gordon Haskett
Wayfair Raised to Overweight From Equal-Weight by Stephens & Co.
(MORE TO FOLLOW) Dow Jones Newswires
08-04-23 0605ET
