What you need to know about the chip shortage

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Hey there, Bullets Fans –

Your Morning Bullets Brief Updates are here! And that means trivia is, too.

In what year did investors experience the best February 11 ever for the Dow?

Bonus points if you can guess the worst year, too.

Think you know the answer? You can check it in the closing area down below!

The top 5 things you need to know before the market opens

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Stock futures were up slightly this morning as investors anticipate additional earnings reports and the Labor Department’s latest look at jobless claims.

Economists anticipate that there were 19,000 fewer filings last week than the week before, bringing that number to 760,000.

Investors will hear from Disney, regarding its latest financial data, after the market closes today.

Meanwhile, PepsiCo saw its shares increase slightly during premarket trading as the company posted earnings that beat predictions.

Uber, on the other hand, didn’t fare quite as well, and the company saw shares decrease approximately 2.5% this morning.

And retail investors on Reddit appear to be getting excited about cannabis stocks right now. Yesterday alone, shares of Tilray soared more than 50%.

The dating app known as Bumble goes public today, for $43 a share.

And finally, former President Donald Trump’s lawyers will be gearing up to defend him as the week closes.

What else should you know as you start your day?

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Make sure you’re on the right side of this emerging megatrend


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Is the UK virus variant sweeping the world?

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The UK variant of the virus, or B1.1.7, is spreading rapidly, reaching more than 50 countries so far. It’s tracking to become the predominant version of the virus that has infected more than 107 million people at this point, and killed more than 2.3 million.

“The new variant has swept the country and it’s going to sweep the world, in all probability,” said Sharon Peacock, who directs the UK’s virus Genomics Consortium. “It’s inevitable that the virus is going to keep on mutating but what’s concerning is that the B1.1.7 variant that we’ve had circulating for some weeks and months is starting to mutate again, and get new mutations, which could affect the way that we handle the virus in terms of immunity, and the effectiveness of vaccines.”

A top WHO official added that the B1.1.7 mutation has spread much more quickly than other strains.

“And so it’s really important we keep an eye on overall transmission rates because very quickly, once it becomes dominant, it may impact the epidemic curve overall and may lead to the need for a more restrictive approach to the public health and social measures put in place so that the overall transmission rates can decrease,” said Dr. Catherine Smallwood.

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Fredrick Frost

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Author: Fredrick Frost

Fedrick Frost is the Editor-in-Chief of Morning Bullets. He mainly writes about Politics, The Economy and breaking news. With over 35 years in jounralism he has been influential in helping the morning bullets newsletter readers be informed every morning.