News – USA – Boeing, Tesla, Royal Caribbean, Lucid: 5 Things You Need To Know – Door Report

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Single stock futures fell Monday after the S&P 500 posted its first weekly loss in three and a bond sell-off continued

Contracts related to the Dow Jones Industrial Average fell 182 points, S&P 500 futures fell 27 points, and Nasdaq futures fell 150 points

The yield on 10 year government bonds was 1362% but had risen to 1,394% in action Monday

Bond prices, which are inversely related to yields, have fallen on fears that improved vaccine adoption and fiscal stimulus will lead to higher inflation and that rising borrowing costs could cause equity markets to decline

The US. The House of Representatives is likely to vote on President Joe Biden’s proposed $ 9 trillion stimulus package by the end of the week The bill includes 1$ 400 checks for most Americans, an increase in the minimum wage to $ 15 an hour, and an increase in additional unemployment benefits from $ 300 to $ 400 a week

Shares closed on Friday mixed, with the S&P 500 falling for a fourth day in a row, ending its first weekly loss in three weeks

Boeing (BA) – Get Report shares fell Monday after the company’s 777 jets were discontinued by certain airlines in the U.S. and Asia after an engine failure that showered rubble over a suburb of Denver

The Federal Aviation Administration has issued an emergency airworthiness policy that provides for “immediate or intensified inspections” of Boeing 777 aircraft equipped with some Pratt & Whitney PW4000 engines after an engine failure in one of United Airlines (UAL ) operated Boeing jet – Get report on the weekend

“This will likely mean that some aircraft will be taken out of service,” FAA Administrator Steve Dickson said in a statement Engine model apply and should be used exclusively for Boeing 777 aircraft, should be extended to ”

United said it would voluntarily cease operating 24 of its aircraft while the FAA inspected the engines

In a statement, Boeing said it recommended that the 69 operational and 59 in-store 777s powered by Pratt & Whitney 4000-112 engines be suspended pending the FAA “


The PW4000 family of motors is manufactured by Raytheon Technologies (RTX) – Get Report Pratt & Whitney DivisionRaytheon did not respond to a request for comment from TheStreet on Sunday, just saying that it forwarded questions to its subsidiary

Tesla (TSLA) – Get Report has stopped orders for the cheapest version of its Model Y electric SUV and removed it from the online configurator just a month after the vehicle launched, according to a report by Electrek

Electrek noted that it was unclear whether the Model Y standard range was now being completely canceled or whether Tesla was just pausing to take orders for the basic version of the electric SUV

Last week, Tesla cut the price for the Y Standard Range Plus model from 41900 USD on 39990 USD and the price for the Model 3 Standard Range Plus of 37990 USD to 36$ 990 reduced

Results reports expected on Monday by Palo Alto Networks (PANW) – Get Report, Get Royal Caribbean Cruises (RCL) – Get Report, Occidental Petroleum (OXY) – Get Report, DISH Network (DISH) – Get Report, Discovery (DISCA )) – Get Report, Diamondback Energy (FANG) – Get ReportG, and RealReal (REAL) – Get Report

Reports expected later in the week from Home Depot (HD) – Get Report, Lowes (LOW) – Get Report, Macy (M) – Get Report, Square (SQ) – Get Report, TJX Cos (TJX) – Get Report, Nvidia (NVDA) – Get Report, L Brands (LB) – Get Report, Best Buy (BBY) – Get Report, Dell Technologies (DELL) – Get Report, VMware (VMW) – Get Report, Salesforce (CRM) – Get Report, Rocket Cos (RKT) – Get Report and HP Inc(HPQ) – Get Report

Nvidia and Salesforce are holdings in Jim Cramer’s Action Alerts PLUS member club. Want to be notified before Jim Cramer buys or sells the stock? Find out more now

The US. Monday’s economic calendar includes the leading indicators for January at 10 a.m. ET. Later this week, data on consumer confidence, new home sales, durable goods orders, fourth quarter gross domestic product and unemployment claims will be released

Federal Reserve Chairman Jerome Powell will address the Senate Banking Committee Tuesday and the House Financial Services Panel Wednesday

Lucid Motors, the electric vehicle startup, is about to go public through a merger with a blank check company founded by investment banker Michael Klein, Bloomberg reported, citing people familiar with the matter

A deal for Lucid could be announced on Tuesday, two of the people said, however, the talks are still ongoing and could still fall apart

The special-purpose acquisition company has been in talks to raise between $ 1 billion and $ 5 billion in funding from institutional investors to support the deal, people told Bloomberg

Klein will use Churchill Capital Corp IV (CCIV), its largest SPAC, which has raised more than $ 2 billion, for the transaction, Lucid is backed by Saudi Arabia’s sovereign wealth fund

The merger between Lucid and Churchill Capital would be the largest in a series of deals from EV manufacturers such as Nikola (NKLA) – Get Report and Fisker (FSR) – Get Report to go public through the combination with SPACs According to Reuters, who reported the potential deal last week, they raised money to compete with Tesla, the leading electric vehicle company

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Erin is a sports enthusiast who loves to indulge in the occasional soccer game.She is a passionate journalist with a perfect command of English, currently offering her sports and health skills at Report Door

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Tesla, Inc, Boeing, Lucid Motors, Stock, Royal Caribbean Cruises

News – United States – Boeing, Tesla, Royal Caribbean, Lucid: 5 Things You Need to Know – Door Report
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