US Morning News Call | Trump Says He Has Picked Next Fed Chair, Announcement Soon
Key Takeaways:
• Trump Says He Has Picked Next Fed Chair, Announcement Soon
• Japan Yield Spike Hits Risk-On Trade
• Key Earnings: MongoDB, etc.
🔔Before the Bell
Stock market futures and bonds fell at the start of December as a renewed crypto selloff and hawkish Bank of Japan comments hurt sentiment.
$E-mini NASDAQ 100 Futures (MAR6) (NQmain.US)$ went up by 0.76%;
$E-mini S&P 500 Futures (MAR6) (ESmain.US)$ went up by 0.49%;
$E-mini Dow Futures (MAR6) (YMmain.US)$ went up by 0.49%.
Trump Says He Has Picked Next Fed Chair, Announcement Soon
President Donald Trump announced that he has selected his nominee for the next Federal Reserve Chair and that an announcement will be made soon.
Japan Yield Spike Hits Risk-On Trade
A sharp jump in Japanese government bond yields to the highest levels since 2008 is rippling through global markets on Monday, stoking carry-trade concerns and weighing on risk assets. $Japan 10-Year Treasury Notes Yield (JP10Y.BD)$ $Japan 2-Year Treasury Notes Yield (JP2Y.BD)$
JGBs sold off after Bank of Japan Governor Kazuo Ueda telegraphed a rate increase this month.
Amazon and Google Team Up for Multicloud Service
$Amazon (AMZN.US)$ and $Alphabet-C (GOOG.US)$ $Alphabet-A (GOOGL.US)$ have announced a partnership to unveil a multicloud service aimed at improving interconnectivity between their respective cloud platforms.
Tesla Starts Groundwork for FSD Tests in Austria
$Tesla (TSLA.US)$ has begun laying the groundwork for testing its Full Self-Driving (FSD) system in Austria.
🪙Crypto News
Sony Bank to Launch U.S. Stablecoin for Games and Anime
Sony Bank is reportedly planning to launch a U.S. dollar-backed stablecoin for use in the games and anime industries.
📆Market Events
Key Economic Events
10:00 AM ISM Manufacturing PMI
Key Earnings
🔔After Market
The market anticipates $MongoDB (MDB.US)$ revenue of $0.59 billion, up 12.1% YOY, with EPS at -$0.783, a 503% YOY decrease.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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73188206 : does the president has solely authority to appointment fed president
102249281 : If the Federal Reserve were to lose its independence and become subject to arbitrary government control, this decline would only be the beginning.
74128907 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Jing Quan8 : it needs to be confirmed by the Senate
Daring Lu : Trump is the King.
We shall see how he rule USA.
Quantum Chaos 73188206 : Yes, and Trump appointed Jerome Powell
---
On November 2, 2017, President Donald Trump nominated Powell to serve as the chairman of the Federal Reserve, replacing Janet Yellen at the helm of the central bank.
Slay2dudes : ok
75451682 : when will etherum get back to 4k
DrStranger29 : US already in decline anyway...just waiting another deepseek moment to crash the market...
Minotra : ..