The US markets remained in negative territory on Monday as fears over a government shutdown have spooked investors. Congress has been unable to reach a compromise for the next fiscal year's budget with is set to begin on Tuesday, meaning all nonessential government agencies will be shutdown.
In corporate news, Brookfield Property Partners (NYSE:BPY) said it is offering to buy the 49% stake in Brookfield Office Properties (NYSE:BPO) that it doesn't already own for about $5 billion. The all-cash deal values Brookfield Office Properties at $19.34 per share, a 15% premium to Friday's closing price.
After the bell, investors will see earnings reports from Diamond Foods (NASDAQ:DMND) and Chimera Investment Corporation (NYSE:CIM).
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.