Wake Up Wall Street: Investors Turn to Safe Havens
Here are five things you must know for Friday, April 7:
1. Oil and gold prices jumped Friday and U.S. stock futures traded lower after the U.S. launched missile strikes at a Syrian air base from which a suspected chemical attack originated.
2. The attacks by the U.S. on the Syrian air base were overshadowing the summit between the U.S. president and his Chinese counterpart, Xi Jinping, and the U.S. jobs report for March that will be released Friday morning.
3. Samsung Electronics (SSNLF) forecast Friday that profit for the January-March quarter would jump 48%, putting the Apple (AAPL) - Get Report rival on track to post record annual earnings as analysts said the driver for the earnings boost was the company's semiconductor business.
4. The U.S. KFC chain of Yum Brands (YUM) - Get Report plans to curb the use of antibiotics in its chicken supply, Reuters reported, making it the last of the big three chicken restaurants to join the fight against the rise of dangerous antibiotic-resistant bacteria known as superbugs.
5. Twitter (TWTR) - Get Report defied a U.S. government request for records that could identify users behind an account opposed to President Donald Trump, and is challenging that order in court, the Associated Press reported.
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What will move markets this quarter and how should investors position themselves ahead of time? Jim Cramer sat down with four of TheStreet's top columnists recently to get their views. Click here to listen to his latest Trading Strategies roundtable with them and read their advice for stocks, bonds, forex, tax reform and gold.
