The Market In 5 Minutes: Netflix Surges, Tesla Pauses, Cohen-Hannity And More

IN THE NEWS

After a strong week, cryptocurrencies got off to a shaky start this week, with most major currencies trading lower on Monday: Link

Financial market volatility was historically low in 2017, but volatility has roared back so far in 2018. Investors who have been betting big on volatility ETFs have scored some huge wins so far this year, but the volatility trade can also be very dangerous: Link

China’s economy expanded at a faster-than-expected 6.8% in the first quarter, bucking expectations for a slowdown, though flagging exports and factory output may prove a drag in the coming months: Link $

U.S. President Donald Trump’s personal lawyer was forced on Monday to reveal in a New York federal court that Fox News personality Sean Hannity, one of Trump’s most ardent defenders, was also on his client list: Link

Netflix Inc. NFLX used to worry it would alienate customers by raising prices for its streaming service. Not any more: Link

Tesla TSLA has temporarily suspended its Model 3 assembly line in what the company said on Monday was a planned production pause, as the automaker continues to face challenges ramping up its new sedan: Link

ECONOMIC DATA

• Building Permits for Mar 1.34M vs 1.33M Est; Prior 1.32M. Housing Starts for Mar 1.32M vs 1.27M Est; Prior 1.24M
• Redbook Reports US Retail Sales During First Week Of Apr. Up 0.5% MoM, Up 3% YoY
• Data on industrial production for March will be released at 9:15 a.m. ET.
• San Francisco Federal Reserve Bank President John Williams is set to speak in Madrid at 9:15 a.m. ET.
• Federal Reserve Vice Chairman for Supervision Governor Randal Quarles will speak in Washington at 10:00 a.m. ET.
• Philadelphia Federal Reserve Bank President Patrick Harker is set to speak in Philadelphia at 11:00 a.m. ET.
• The Treasury is set to auction 4-week bills at 11:30 a.m. ET.
• Chicago Federal Reserve Bank President Charles Evans will speak in Chicago at 1:40 p.m. ET.

ANALYST RATINGS

• Morgan Stanley upgraded Twitter TWTR from Underweight to Equal-Weight
• Pivotal upgraded Disney DIS from Sell to Hold
• Morgan Stanley downgraded Bristol-Myers Squibb BMY from Overweight to Equal-Weight
• Longbow downgraded Texas Roadhouse TXRH from Buy to Neutral

This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here.