Here are some of the most important news, trends and analysis an investor needs to get started with the trading day:
1. The stock bounce at the end of the week disappears in Monday’s futures market.
People walk through the New York Stock Exchange on Wall Street on May 10, 2021 in New York City.
Angela Weiss | AFP | Getty Images
U.S. futures stocks fell on Monday after a strong rally on Friday. However, Friday’s gains of more than 1% for the Dow Jones and S&P 500 industry averages and more than 2% for the Nasdaq were not enough to offset the sharp drop earlier this week, the Dow and S&P 500 were more down weekly. 1% per week, while the Nasdaq has sank more than 2% in its worst weekly show since February. The inflation-worried rollercoaster hit stocks earlier this week, with the Dow down 3.4 percent, the S&P 500 down 4 percent, and the Nasdaq down 5 percent. Friday
2. The 10-year yield is below 1.7%, although inflation is lower.
Most bond yields fell on Monday after the 10-year bond yield hit 1.7% on Wednesday during the worst share sale last week. That’s the highest level of return in 10 years in more than a month after hitting a 14-month high in March. Fears of inflation and whether the Federal Reserve will be able to keep it as promised at near 0% interest rates and large asset purchases in a shaky market? On Wednesday, the government reported that consumer prices for April accelerated the fastest in more than 12 years as the U.S. economic recovery began to enter gear. The Fed releases the minutes of its April meeting on Wednesday.
3.AT & T agrees to integrate WarnerMedia with Discovery.
John Stankey, AT&T President and Chief Operating Officer and WarnerMedia Chief Executive Officer, speaks onstage at the HBO Max WarnerMedia Investor Day Presentation at Warner Bros. Studios on October 29, 2019 in Burbank, Calif.
Presley Ann | Getty ImagesEntertainment Getty Images
On Monday, AT&T announced a deal to combine WarnerMedia’s film and media content unit with Discovery, paving the way for one of Hollywood’s biggest power players to compete with the giants. Streaming media like Netflix and Disney are even better.AT & T shares are up about 2% and Discovery is up about 10 %.AT & T shareholders will own 71% of the new company, Discovery shareholders will own 29%. The transaction will consolidate properties such as WarnerMedia’s CNN, HBO and Warner Bros., and Discovery’s HGTV, TLC and History channels in 2018. AT&T has acquired Time Warner since renaming it WarnerMedia for a $ 85 billion stake.
4. Elon Musk clarifies that ‘Tesla is not selling bitcoin.’
Tesla CEO Elon Musk clarified in a tweet earlier Monday that the electric car maker “is not selling any bitcoin.”
Bitcoin on Monday showed a partial rebound, trading above $ 45,000 a unit. The price of the world’s largest cryptocurrency plunged below that level Sunday after Musk appeared to have implicated at a Twitter exchange that Tesla had or might sell the remaining bitcoin holdings, he replied “absolutely” to the tweet. Sympathetic
All of this comes days after Musk said Tesla plans to hold bitcoin, although it will stop using it for buying electric cars until bitcoin mining becomes a more sustainable energy.
5.CDC director defends the new mask policy. The shop goes its own way
People enjoy the sunshine on The MET stairs in New York City, as the CDC has lifted the restrictions on wearing masks for people who are fully vaccinated.
Adam Jeffer | CNBC
CDC Director Dr. Rochelle Walensky urged people to be honest and to dispose of their COVID masks only after they have been fully vaccinated. The sudden change in CDC recommendations last week has confused some as it did not lift local mask restrictions. Local governments and businesses are fighting over whether to follow the new CDC guidelines, Starbucks said. “Face masking will be an option for customers who have been vaccinated from Monday, May 17, unless local law requires them,” Walmart and Costco took the lead on Friday. Goals participate too
– Follow professional market action CNBC ProGet the latest news about outbreaks too. CNBC coronavirus coverage.