Futures tied to each of the three major benchmarks were down this morning, even after the Dow Jones Industrial Average and the S&P 500 set new records yesterday. The S&P, in particular, celebrated a milestone of climbing more than 100% since its pandemic low.
This morning, investors were awaiting retail sales data. Home Depot and Walmart posted their latest quarterly earnings, and both major companies saw shares fall in the premarket as a result.
Meanwhile, the US is slated to recommend the vaccine booster shot for Americans eight months after they became fully vaccinated.
According to Dominic Raab, who is the U.K. foreign secretary: “The situation is stabilizing but obviously we are monitoring it very carefully. I do think that the airport is more stable today than it was yesterday, and we need to make sure that we consolidate that in the days ahead.”
A 31-year-old man’s alleged attempt to steal a plane from a Colorado airport inspired local authorities to create a social media series called “Note to Self.”
Last week, Sterlin Antonio tried to overtake a Gulfstream jet, jumping a fence at the Centennial Airport, and drawing the attention of a police helicopter in the process. Officials likened the incident to something from the popular video game “Grand Theft Auto.”
For their first “Note to Self” installment on Facebook, the local sheriff’s office wrote about Antonio.
“This note is based on an actual incident (this week) where a suspect male breached the secure perimeter to the runway at Centennial Airport in an attempt to steal a jet and fly to Hawaii,” officials wrote. “We’ve all been at the point where we needed a vacation, but this took it a little far… note to self… video games are not real…stealing a jet will not go well. The suspect was arrested and is facing several attempted theft and trespassing charges.”
Rudy Giuliani, who received his law license in 1969, just had it revoked in New York State, officials say. He came under fire for making “demonstrably false and misleading statements to courts, lawmakers and the public,” when it came to the 2020 election results, an appeals court found.
“These false statements were made to improperly bolster (Giuliani’s) narrative that due to widespread voter fraud, victory in the 2020 United States presidential election was stolen from his client [former President Donald Trump],” officials said.
They continued: “We conclude that [the] respondent’s conduct immediately threatens the public interest and warrants interim suspension from the practice of law.”
Officials indicated that the former New York City mayor’s prohibition from law practice could become permanent.
Giuliani’s lawyers, were, understandably, not satisfied with the move.
“Our client does not pose a present danger to the public interest,” they said. “We believe that once the issues are fully explored at a hearing Mr. Giuliani will be reinstated as a valued member of the legal profession that he has served so well in his many capacities for so many years.”
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Futures pointed to stock market gains this morning after President Joe Biden announced that he achieved a bipartisan deal on infrastructure yesterday. That $579 billion compromise allocates $312 billion for roads and bridges, with another $266 billion for power and broadband. Lawmakers are still trying to determine how they will pay for it all.
Shares of Nike soared 13% Friday morning after the shoe company announced better-than-expected earnings. Virgin Galactic also soared during premarket trading as it secured approval to fly humans into space.
Investors are awaiting the release of the latest personal consumption expenditures index — one of the Fed’s favorite ways to gauge inflation. The government is slated to release that report this morning.