AMAZON SLASHED MORE JOBS THIS WEEK, WITH THE CUTS THIS TIME AFFECTING ITS SELLING PARTNER SERVICES UNIT – BUSINESS INSIDER
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CISCO Q3 26 EARNINGS: REVENUE: $15.8B (EST $15.56B); NET INCOME: $3.4B; EPS: $0.85; ADJ EPS: $1.06 (EST $1.04); ADJ OPERATING MARGIN: 34.2%; PROJECTS Q4 REVENUE: $16.7B TO $16.9B; PROJECTS Q4 ADJ EPS: $1.16 TO $1.18

PROJECTS FY REVENUE: $62.8B TO $63.0B; PROJECTS FY ADJ EPS: $4.27 TO $4.29; LIFTS EXPECTED FY26 ORDERS TO $9B FROM $5B; RESTRUCTURING PLAN AIMS TO INVEST IN SILICON, OPTICS, SECURITY, AND AI; ANTICIPATES UP TO $1B IN PRE-TAX RESTRUCTURING CHARGES; ROUGHLY $450M OF CHARGES EXPECTED IN Q4 FY2026, WITH THE REMAINDER IN FY2027
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CISCO: Q3 PRODUCT ORDERS ROSE 35% Y/Y WITH EXPANSION ACROSS ALL REGIONS AND CUSTOMER SEGMENTS; UP 19% EXCLUDING HYPERSCALE ORDERS – SLIDES
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CISCO: Q3 ACCELERATING NETWORKING PRODUCT ORDERS CLIMBED OVER 50% Y/Y; IN THE OPTICS BUSINESS, ACACIA POSTED MORE THAN $1 BLN IN ORDERS IN Q3, UP IN TRIPLE DIGITS
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NZ SEASONALLY ADJUSTED MEDIAN HOUSE PRICES DECLINE 0.5% IN APRIL FROM THE PRIOR MONTH – REINZ; NZ SEASONALLY ADJUSTED MEDIAN HOUSE PRICES SLIP 0.6% IN APRIL Y/Y – REINZ
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US SECRETARY OF STATE RUBIO: AIMS TO CONVINCE CHINA TO ASSUME A MORE ACTIVE ROLE IN PUSHING IRAN TO EASE TENSIONS IN THE GULF – FOX NEWS INTERVIEW
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TRUMP AND XI TO HOLD MUCH-AWAITED TALKS IN ROUGHLY THREE HOURS @SENTDEFENDER VIA X
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JAPAN'S NIKKEI AVERAGE FUTURES RISE 0.4% IN EARLY TRADE
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BENCHMARK 10-YEAR JGB FUTURES SLIP 0.05 POINT IN EARLY TRADE
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JAPAN ORDER FLOWS W/E MAY 8: JAPAN PURCHASING FOREIGN BONDS: ¥1,640.7B (PRIOR -¥887.7B); JAPAN PURCHASING FOREIGN STOCKS: -¥593.6B (PRIOR ¥41.2B); FOREIGN PURCHASES OF JAPAN BONDS: ¥106.2B (PRIOR -¥786.9B); FOREIGN PURCHASES OF JAPAN STOCKS: ¥1,437.5B (PRIOR ¥807.9B)
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Only Important
GAMESTOP’S RYAN COHEN THREATENS TO TAKE $56BN EBAY OFFER TO SHAREHOLDERS - FT
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GAMESTOP’S RYAN COHEN THREATENS TO TAKE $56BN EBAY OFFER TO SHAREHOLDERS - FT
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JAPAN'S NIKKEI SHARE AVERAGE CLIMBS TO ALL-TIME HIGH
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VENEZUELA LAUNCHES EFFORT TO RESTRUCTURE ITS $170 BILLION DEBT LOAD-WSJ
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Australia’s ASX 200 Index declines 0.2% to 8,610 points at the open.
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10-year JGB yield edges higher by 1.5 basis points to 2.6%.
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Asia-Pac markets advanced following a largely upbeat session on Wall Street, as investors brushed aside elevated PPI readings and bought into tech and comms stocks, with the Trump-Xi summit in focus
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ANTHROPIC MYTHOS REFERENCED IN LAWMAKER'S LETTER TO THE WHITE HOUSE – AXIOS
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European equity futures trade higher, with EUROSTOXX 50 up 1.0%, DAX futures gaining 0.7%, and FTSE futures advancing 0.6%.
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AP News reports that Denise Powell has won the Democratic primary for the open Nebraska House seat.
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UKRAINIAN CAPITAL KYIV UNDER MAJOR RUSSIAN ATTACK, BLASTS HEARD ACROSS THE CITY, MAYOR VITALI KLITSCHKO SAYS
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