"Stock futures drop on concerns over spiraling fallout of Huawei crackdown"

Some of the names directly affected by the Huawei blacklisting (looking at you Xilinx) are starting to have temptingly yummy prices but it's all the trade (and security) headline stuff that is front and center.
From Reuters:

U.S. stock index futures fell on Monday, as fears over the impact on major technology companies from Washington’s crackdown on China’s Huawei Technologies added to concerns over worsening trade dispute between the world’s two biggest economies.

Apple Inc’s shares were down 2.4% premarket, while U.S. suppliers of Huawei including Qualcomm, Micron Technology and Broadcom Inc fell about 3%.

An HSBC warning that higher prices for Apple’s products following the increases in China tariffs could have “dire consequences” on demand also pressured the iPhone maker’s stock.
Huawei was officially added to a trade blacklist by the Trump administration on Thursday, escalating the already bitter trade war between the two parties, while China on Monday accused the United States of harboring “extravagant expectations” for a trade deal.

Alphabet Inc’s Google has suspended some business with Huawei that requires the transfer of hardware, software and technical services, Reuters reported over the weekend.

Chipmakers including Intel Corp, Qualcomm, Xilinx Inc and Broadcom have told their employees they will not supply Huawei until further notice, Bloomberg reported on Sunday.
Shares of Alphabet, Facebook Inc and Microsoft Corp were all down 1.1%.

At 7:23 a.m. ET, Dow e-minis were down 121 points, or 0.47%. S&P 500 e-minis were down 16.25 points, or 0.57% and Nasdaq 100 e-minis were down 90.5 points, or 1.2%....

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