Here are the top news, trends, and analysis investors need to start their trading day:
A trader works on the New York Stock Exchange on August 27, 2021.
US stock futures were flat on Tuesday after a much weaker-than-expected job report in August reflecting the impact of the Delta-powered Covid resurgence in the US S&P 500 slightly lower Friday from a record close. the Nasdaq, However, made a small profit and close another record. the Dow Jones industry average fell on Friday and was 0.7% off last month’s record close into the new trading week. Over the weekend, Goldman Sachs lowered its estimate for US economic growth to a 5.7% annual rate in 2021, below the consensus of 6.2%. The US stock market was closed on Monday for Labor Day.
One of the many stores that accept Bitcoin in El Zonte, El Salvador.
Bitcoin pulled back 1.5% on Tuesday thereafter over $ 52,000 on Monday, a level not seen since May as El Salvador revealed Bought 400 bitcoins valued at nearly $ 21 million. The announcement came when El Salvador’s Bitcoin law, passed in June, went into effect on Tuesday, making Bitcoin legal tender there. El Salvador is the first country to do this. However, since Bitcoin is known for its volatility at times, the move raised concerns about its effectiveness as a currency. Bitcoin hit an all-time high of over $ 64,000 in April, but sold out heavily in June and July, even falling just below $ 30,000. But since mid-July, Bitcoin has been gaining ground again.
Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, makes an opening statement during a Senate Committee on Health, Education, Labor and Pensions hearing to discuss the ongoing federal response to COVID-19 in the U.S. Capitol in Washington, DC , May 11, 2021.
Greg Nash | Swimming pool | Reuters
As total Covid cases in America over 40 million over the holiday weekend, Senior Medical Advisor to the White House Dr. Anthony Fauci said the US is likely to start spreading Pfizer Vaccine booster shots in the week of September 20th. The Biden government has announced plans to offer a third dose to people who have received Pfizer Modern, pending approval from public health officials. The US recommends an additional injection eight months after the second dose. However, only Pfizer can get approval from the FDA and CDC in time for the launch, Fauci said on Sunday.
U.S. President Joe Biden attends a briefing with local leaders on the impact of Hurricane Ida on September 3, 2021 at the St. John Ward Emergency Center in LaPlace, Louisiana.
Almond Ngan | AFP | Getty Images
president Joe Biden will investigate damage in parts of the northeast that were hit by catastrophic flash floods last week from the remnants of Hurricane Ida. Biden on Tuesday is on tour Manville, New Jersey, and the New York borough of Queens. At least 50 people were killed in six eastern states when record rainfall flooded rivers and sewer systems last week. Some people were trapped in fast-filling basements and cars or were swept away trying to escape. The storm also spawned several tornadoes. More than half of these deaths occurred in New Jersey. Biden toured Ida Damage on the Gulf Coast last week.
Headquarters of the German telecommunications giant Deutsche Telekom in Bonn.
Andreas Rentz | Getty Images
Deutsche Telekom has hit $ 7 billion stock swap deal with SoftBank to increase the participation of the German group in T-Mobile USA. Deutsche Telekom also sold its Dutch unit. With the two deals announced on Tuesday, Deutsche Telekom will increase its stake in T-Mobile by 5.3% to 48.4% and bring CEO Tim Hoettges closer to his goal of direct control of the US $ 170 billion US wireless operator to get. In return, SoftBank will receive cash and a 4.5% stake in Deutsche Telekom after the Japanese group sold its US Sprint unit to T-Mobile in early 2020.