Breaking News- President Trump to name replacement to Justice Ginsburg on Friday or Saturday. (Fox News)

Covid-19 Update With Latest Data From Friday 

Total Cases 6,641,341

Recovered: 2,540,334

Deaths 189,665

Cases reported 37,291 from 43,558

Tests 897,096 from 835,868

Deaths 324 from 863

Hospitalizations 28,615 from 29,900

source COVID tracking project

Capital Raises

IPOs Priced: None of note. 

Secondaries Priced: None of note.

Notes Priced of note:  None of note.

Common Stock filings: IMXI ACET of note. Selling Shareholders of note: SUZ AWH.

Mixed Shelf Offerings:  CVA of note.

Convertible Offering Files: None of note.

Senior Notes Filed: None of note.

Earnings After The Close:

Beats:

None of note.

Misses:

None of note.

Hourly Action – More hours are negative with the corrective action last week and so far this week. Updated 9/17 close.

News After The Close:

Supreme Court Justice Ruth Bader Ginsburg passed away Friday after the close.

A Federal Judge issued a stay against the U.S. government on TikTok and WeChat downloads.

U.S. will deploy a small number of troops to Syria.

Major Ratings Agency affirms the European Union as stable while Spain revised to negative from stable and Belgium affirmed as stable.

Senators Lisa Murkowski (R – AK) and Susan Collins (R- ME) say will wait after election to vote on a replacement for Justice Ginsberg. Republicans may not be able to move on a new nominee before the election. (NY Times)

President Trump says will nominate a woman to replace Ginsburg. Top choice are Amy Coney Barret and Barbara Lagoa.

Barron’s positive on SQ PYPL MA V GPN FIS NVDA ACI.

What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.

S&P 500 -50  Dow Jones Industrial Average -512 NASDAQ -164  Russell 2000  -31.38. Fair values are lower. Asia lower Ex Japan  and Europe lower. VIX October futures are at 31.30 from, 29.80 this morning. Current VIX is at 25.83 from 26.46.

Gold, silver and copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is higher vs Euro, higher vs Pound and lower vs Yen. US 10 year Treasury price is at $139.63 from $139.55 with yields at 0.656% from  0.671% .

Positive Sectors On Friday: Healthcare of note.

Negative Sectors On Friday: Real Estate, Energy and Utilities of note.

One Month Winners: Real Estate, Consumer Cyclical and Industrials of note.

Three Month Winners: Consumer Cyclicals, Materials and Technology of note.

Six Month Winners: Consumer Cyclical, Technology, Materials and Healthcare of note.

Twelve Month Winners: Technology, Consumer Cyclical and Healthcare of note.

Year to Date: Consumer Cyclical, Technology, Communication Services and Materials of note.

Upcoming Earnings Of (sorted by market cap, highest to lowest)

Today After The Close: WUBA of note.

Tuesday Morning: AZO WB NEOG SINA of note.

Gap Up: ORCL +5%, VICI +4%

Gap Down: NKLA -36%, LEGN -10%, AWH -5% HL -3%

Earnings This Morning Of Note

Beat:

None of note.

Missed:

None of note.

Erlanger Research Advance/Decline Line Table – The trend is pretty obvious and it looks to continue today. 9/18 close.

The Erlanger Value Lines track the intraday range of resistance, pivot and support used by Algo/HFT Traders. Each day we show where we closed within the range. Updated through 9/16 close. The Erlanger Value Line are available in Bloomberg for your review. Simply visit the Bloomberg App store at APP(GO) then find Erlanger Research and setup a trial.

Courtesy of Phil Erlanger Research Inc.

Rags & Mags: Highlighted Stories may be clicked through to the original story. 

Stocks Making The Biggest Moves. (CNBC)

5 Things To Know Ahead of Today’s Trading. (CNBC)

Corona Virus Update: European lockdown coming. (CNBC)

Oracle (ORCL) and Walmart (WMT) get tentative approval for TikTok.

Several large U.S. banks moved large sums of illegal funds over last 20 years including GS MS JPM BAC C DB BCS RBS XLF.

President Trump says will make nomination after the funeral of Supreme Court Justice Ruth Bader Ginsberg. (Fox News)

Nikola Corporation (NKLA) Chairman Treveor Milton steps down and company names new Chairman.

Pressure grows among Republicans to vote on nominee before the election. (The Hill)

House Speaker Pelosi and Treasury Secretary Mnuchin still do not have a deal to avoid a government shut down on 9/30. (The Washington Post)

China threatens U.S. companies after sanctions on WeChat ban. (The Washington Post)

U.K. to move forward with a “mini shutdown” as Covid-19 cases rise. (CNBC)

CDC believes 11,000 people were exposed to Covid-19 cases on flights. (The Washington Post)

AstaZeneca (AZN) U.S. Covid-19 vaccine trial to on hold (Reuters)

Stock Index Trading

Current through 9/18 close. There was some deterioration again yesterday.

Bold means a change from prior day.

Economic

None of note.

Geopolitical & Related

President Trump will head to Ohio to speak in Dayton at 5:00 p.m. EDT and then Toledo at 7:00 p.m. EDT.

Investor Events & Conference Calls

AGRX NWSA (Investor Day) AMGN  (Update) 

Sellside Conferences: Oppenheimer Fall Virtual Healthcare Life Sciences & MedTech Summit (9/21-9/23) Stephens Annual Bank CEO Conference (9/21-9/24) Raymond James Parkc City Telecom Summit (9/21-9/22)

Industry Conferences: ESMO Virtual Congress 2020 European Society for Medical Oncology (9/17-9/21) Denver Gold Annual Forum (9/20-9/23)

M&A

Illumina (ILMN) to buy GRAIL for cash and stock up to $8 billion.

Upgrades & Downgrades For Monday 9/21