Newscasts - US Morning Call: Dow futures fall 100 points after index notches longest losing streak since 2018

Bitcoin SE

17/12/2024 13:14

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Source: 'Reuters - Business videos'

Description: Stock futures inched lower early Tuesday after the Dow Jones
registered its longest losing streak since 2018.
Short Link: https://refini.tv/41H5d6j

Video Transcript:

Dow Futures 400 points after the index notches longest losing streak since
2018. Hello and welcome to your US Morning Call. I'm Ludovica Brignola. Stock
futures inched lower early Tuesday after the Dow Jones registered its longest
losing streak since 2018. NVIDIA pulled back 1.7% shares of the cheap giant
are down more than 4% this month, even as the broader indices and
semiconductor names such as Broadcom have touched new highs. Well, Bitcoin is
up 1% again and investors think it could touch new highs.

Trump's a pro-crypto, pro-Bitcoin. He's someone that's a believer in the
validity of it in what it actually represents, and I think even broader
innovation and it's something where, that's very, very important in terms of
what's happened to Betway, without Trump, we're not seeing a 100K.

Treasury yields inched higher, as traders await the Federal Reserve's index
rate decision tomorrow, and investors are pricing in a 95% chance of a
quarter-point cut on Wednesday, according to CME Group FedWatch tool. Let's
take a look at company news now, in the United States will offer a record $15
billion in low interest loan to California-based utility PG&E to support
climate resilience projects and upgrade the electrical grid. As the Wall
Street Journal reported, citing people familiar with the matter. Their
Democratic Republic of Congo has filed a criminal complaint against Apple
subsidiaries in France, and Belgium, accusing the tech firm of using conflict
minerals in its supply chain. Lawyers for the Congolese government told
Reuters, Congo is a major source of tin, tantalum, and tungsten, so-called
three T-minerals used in computers and mobile phones. Drugmaker Pfizer said it
was expecting its 2025 profit to be roughly in line with Wall Street
expectations, as it seeks to fend off criticism over its turnaround strategy
from activist hedge-fund Starboard Value. And finally, oil prices were down on
Tuesday as the Chinese economic data renewed demand concerns, while investors
remained cautious ahead of the US Federal Reserve's interest rate decision.
And that is your US Morning Call