IN THE NEWS

Benzinga

Hurricane Harvey, which slammed Houston and east Texas just before Hurricane Irma began bearing down on Florida, could cost an estimated $180 billion in damages, eclipsing the inflation-adjusted toll wrought by Katrina in 2005: Link

Just about as soon as the Apple Inc AAPL 1.73% iPhone 8 announcement was made, there has been speculation of a possible production delay: Link

Wall Street Journal

Global stocks and the U.S. dollar edged higher Monday and haven assets retreated, as fears eased among investors about a standoff with North Korea and the impact of Hurricane Irma on the U.S. economy: Link

The havoc wreaked by major summer storms stands to deepen a global crude-supply glut that has depressed oil prices for more than three years: Link

Reuters

The UN Security Council is set to vote on Monday on a watered-down U.S.-drafted resolution to impose new sanctions on North Korea over its latest nuclear test, diplomats said, but it was unclear whether China and Russia would support it: Link

France, Germany, Italy and Spain want digital multinationals like Amazon.com, Inc. AMZN 1.11% and Google to be taxed in Europe based on their revenues, rather than only profits as now, their finance ministers said in a joint letter: Link

Bloomberg

The U.S. is poised to experience its first annual decline in solar-panel installations, as a drop in rooftop demand slows growth in the world’s second-biggest market: Link

China plans to ban trading of bitcoin and other virtual currencies on domestic exchanges, dealing another blow to the $150 billion cryptocurrency market after the country outlawed initial coin offerings last week: Link

ECONOMIC DATA

• The Treasury is set to auction 3-and 6-month bills at 10:00 a.m. ET.
• The Treasury will auction 3-year notes at 11:30 a.m. ET.

ANALYST RATINGS

• Cowen upgraded Allscripts Healthcare MDRX 5.06% from Market Perform to Outperform
• KeyBanc upgraded ABM Industries ABM 0.37% from Sector Weight to Overweight
• Goldman Sachs upgraded WEX Inc WEX 2.1% from Neutral to Buy
• Deutsche Bank downgraded Snap Inc SNAP 2.57% from Buy to Hold
• Jefferies downgraded Seagate Technology PLC STX 3.38% from Buy to Hold
• Credit Suisse downgraded GrubHub GRUB 0.59% from Outperform to Neutral