Morning Brief
ADP private payrolls falls flat, Verizon announces acquisition, Nvidia drama
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Show notes
Wake the markets up when September ends because stocks (^DJI, ^IXIC, ^GSPC) are still trying to find their footing in the volatile trading month.
Takeaway:
ADP private payrolls data came well below August expectations, underwhelming with a print of 99,000 compared to the forecast of 145,000 new jobs.
Verizon (VZ) announces it will acquire Frontier Communications Parent (FYBR) in a $20 billion deal that is scheduled to close in 18 months.
Nvidia (NVDA) refutes any claims that the chipmaker was subpoenaed by the US Department of Justice (DOJ) on antitrust inquiries, which was originally reported by Bloomberg.
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