Here are five things you must know for Monday, April 1:
1. -- Stocks Rise on Manufacturing Recovery in China
U.S. stock futures posted solid gains Monday and global stocks rebounded firmly, boosted by the strongest reading of manufacturing output in China in at least eight months and further suggestions of trade talk progress between Washington and Beijing.
China's manufacturing activity in March rose above the 50 mark that separates growth from contraction for the first time in four months, according to the private Caixin PMI reading, suggesting Beijing's planned $300 billion in spending and tax cuts was starting to arrest output declines linked to the months-long trade war with the United States.
Talks that Treasury Secretary Steve Mnuchin and Trade Representative Robert Lighthizer held last week in Beijing had gone "very well," according to Donald Trump, but he stressed that he wouldn't accept anything less than a "great deal" in the near term.
Contracts tied to the Dow Jones Industrial Average were up 167 points, futures for the S&P 500 gained 17.20 points, and Nasdaq futures rose 65.75 points. Stocks closed higher Friday, with the S&P 500 finishing the quarter with a gain of 13%, its best quarterly performance since the third quarter of 2009.
2. -- Retail Sales, Manufacturing Data Lead Monday's Calendar
The economic calendar in the U.S. Monday includes Retail Sales for February at 8:30 a.m. ET, the PMI Manufacturing Index for March at 9:45 a.m., the ISM Manufacturing Index for March at 10 a.m., and Construction Spending for February at 10 a.m.
Economists surveyed by FactSet forecast an increase of 0.3% in retail sales in February after a rise of 0.2% in January. Excluding autos, retail sales are seen increasing 0.3%.
3. -- Facebook's Zuckerberg Says More Regulation Could Improve Internet
Facebook (FB - Get Report) CEO Mark Zuckerberg, in an opinion piece posted in the Washington Post over the weekend, suggested more regulation would be a way to improve the internet.
"I believe we need a more active role for governments and regulators," wrote Zuckerberg. "By updating the rules for the internet, we can preserve what's best about it - the freedom for people to express themselves and for entrepreneurs to build new things - while also protecting society from broader harms."
Zuckerberg called on four areas of the intenret to become regulated: harmful content, election integrity, privacy and data portability.
Terrorist propaganda, hate speech and similar postings should be regulated, said Zuckerberg just weeks after Facebook was unwittingly used by the shooter in the New Zealand terror attack to livestream his massacre. The site had also had been mired in controversy over postings related to Russian attempts to influence in the 2016 U.S. presidential election and as a longtime forum for opinion related to Infowars host Alex Jones and others.
"We continually review our policies with experts, but at our scale we'll always make mistakes and decisions that people disagree with," he said. "Lawmakers often tell me we have too much power over speech, and frankly I agree. I've come to believe that we shouldn't make so many important decisions about speech on our own."
Zuckerberg said Facebook is creating an independent body so people can appeal Facebook's decisions and was working with government officials of various nations to ensure the "effectiveness of content review systems."
4. -- Kellogg Reportedly Nears Deal to Sell Keebler to Ferrero
Kellogg (K - Get Report) is nearing a deal to sell its Keebler, Famous Amos and fruit snacks businesses to Ferrero, the owner of Nutella, for between $1 billion and $1.5 billion, CNBC reported, citing people familiar with the situation.
An announcement could be made as soon as Monday, the people told CNBC.
5. -- Sen. Schumer Wants Boeing Removed From FAA Committee
U.S. Sen. Chuck Schumer wants Boeing (BA - Get Report) to be removed from a Federal Aviation Administration rulemaking committee as investigations deepen into both the airplane maker and regulator's role in two deadline airline crashes.
Schumer (D-N.Y.) said Sunday that Boeing should be suspended from the Aviation Rulemaking Advisory Committee, which makes recommendations on airline industry regulations, the Associated Press reported. He also wants the membership and activities of the committee to be made public and suggested further reforms to the committee.
Congress is looking closely at the relationship between Boeing and the FAA after two recent deadly crashes, one in Indonesia last October and another in March in Ethiopia. Both crashes involved a Boeing 737 MAX 8 jet that was given the OK by the FAA, which relied heavily on safety assessments made by Boeing employees.
Meanwhile, Southwest Airlines (LUV - Get Report) said Friday it was pulling its 737 MAX jets from flight schedules through May, extending its earlier timeline from April 20, according to a company memorandum seen by Reuters.
"This will impact the lines in May, but, now that the decision has been made, we can construct our schedule without those flights well in advance in hopes to minimize the daily disruptions," the Southwest Airlines Pilots Association and the company said in the joint memorandum.
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