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Hey there, Bullets Fans –
Your Morning Bullets Brief Updates are here! And that means trivia is, too.
Who said the following… “The best way to get started is to quit talking and begin doing.”
Think you know the answer? You can check it in the closing area down below!
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This week’s big selloff in Big Tech is not showing any signs of slowing, and the trend weighed on stock futures this morning.
Futures contracts tied to the Dow Jones Industrial Average plummeted 120 points. Meanwhile S&P 500 and Nasdaq 100 futures shed 0.4% and 0.7%, respectively.
Investors this morning are awaiting the latest consumer inflation report. Analysts expect April’s headline consumer price index to increase approximately 3.6%, the largest leap since 2011.
And the Colonial Pipeline shutdown has prompted a whole world of problems for drivers in the southeast (more on that in the story, below).
Today, Amazon logged a big win against the European Commission, meaning that the massive tech company would not owe $303 million in taxes after all.
And finally, shares of Tesla fell 1% during premarket trading today after the China Passenger Car Association reported a massive dip in sales last month.
What other headlines should you be aware of to start your day?
Other News That Matters To You:
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Yesterday Florida Governor Ron DeSantis issued a state of emergency, saying that a shortage of fuel in the Sunshine State triggered “a severe threat to the State of Florida and [that it] requires that immediate measures be taken to protect and to facilitate the continued delivery of such fuel products to this State.”
The problem began after the ransomware attack on Colonial Pipeline late last week, which largely shut down the artery that fuels much of the east coast.
“We are seeing the full-fledge panic at the moment in some of the places I suspected we might see it,” said one analyst. “There aren’t enough drivers to take trucks from terminals that have gasoline to stations. We are seeing a lot of stations running out. Georgia seems to be ground zero.”
Driver demand for gasoline had increased 20% when compared to the previous week.
What else do we know about the growing problem, and what happens next?
More Headline You Need To Read:
Thanks for reading once again! And don’t worry, I didn’t forget:
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Your biggest fan,
Fredrick Frost
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