Here are the most important news, trends and analysis that investors need to start their trading day:
1. Futures steady with earnings, rising bond yields in focus
Traders work on the floor of the New York Stock Exchange during morning trading on April 12, 2022 in New York City.
Michael M. Santiago | Getty Images
2. J&J lowers 2022 outlook, halts Covid vaccine sales guidance
A healthcare clinician prepares a dose of the Johnson & Johnson vaccine for the coronavirus disease (COVID-19) for a commuter during the opening of MTA’s public vaccination program at the 179th Street subway station in the Queens borough of New York City, New York, U.S., May 12, 2021.
Shannon Stapleton | Reuters
Johnson & Johnson’s first-quarter earnings beat and revenue miss before the opening bell led about a dozen S&P 500 companies reporting financial results Tuesday. J&J lowered its full-year sales and profit outlook, and announced a halt in Covid vaccine sales guidance due to a global supply glut and demand uncertainty. J&J’s board approved a 6.6% quarterly dividend increase to $1.13 per share.
3. Apollo is willing to finance a Twitter buyout, sources say
Apollo Global Management may be willing provide financing for a Twitter buyout, according to sources who spoke to CNBC. However, the private equity giant isn’t interested in joining other firms in a buyout bid. Last week, Elon Musk, CEO of Tesla and SpaceX and the world’s wealthiest person, offered to buy Twitter for $43 billion. Financing parties are considering their willingness to lend to Musk or another potential buyer, sources added.
4. TSA won’t enforce mask mandate on planes, public transit
Travelers wait in line at a security checkpoint at Seattle-Tacoma International Airport in SeaTac, Washington, April 12, 2021.
Lindsey Wasson | Reuters
The Transportation Security Administration will not enforce the Covid mask mandate on public transportation, after a federal judge in Florida on Monday vacated the Biden administration’s national face-covering mandate for planes and other forms of public transportation. U.S. District Judge Kathryn Kimball Mizelle ruled the Centers for Disease Control and Prevention had overstepped its authority. The CDC continues to recommend that people wear masks on public transit, a Biden administration official said.
5. Russia is shifting its war machine to east Ukraine
Ukrainian soldiers seen on a tank on the frontline in Donbas, Ukraine on April 12, 2022. Russia has begun the battle for Donbas, which they have been preparing for a long time, Ukrainian President Volodymyr Zelenskyy says.
Diego Herrera Carcedo | Anadolu Agency | Getty Images
Russia’s long-anticipated offensive in east Ukraine appears to be underway after pulling back troops from the northern front. Kremlin forces unleashed attacks on a number of areas within the Donbas region. If successful, the eastern offensive would give Russian President Vladimir Putin a vital piece of Ukraine and a badly needed victory after plans to overrun the capital city of Kyiv failed. Eastern Ukraine, specifically the Donbas area, has seen conflict between pro-Russian separatists and Ukrainian fighters for eight years.
— CNBC reporters Vicky McKeever, Spencer Kimball, Alex Sherman and Holly Ellyatt as well as The Associated Press contributed to this report.
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