Diamonds and Dogs


Wynn Resorts (WYNN) is higher by 5% as China reportedly signaled support for Hong Kong's plan to ease Covid restrictions. Hong Kong's chief executive John Lee said he wants to create "maximum room" for the region to reconnect with the world, with reports suggesting its strict hotel quarantine policy for travelers could be among the first to go. Macau is the world's largest gambling hub.

Ford Motor (F) is down 10% as the automaker preannounced a bigger-than-expected $1 billion hit from inflation and pushed delivery of some vehicles to the fourth quarter due to parts shortages. Ford also said on Monday it will have 40,000 to 45,000 vehicles in inventory lacking parts. The company in July had outlined a $3 billion hit for the year from inflationary pressures.

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