By Johnson
Monday February 07, 2022
$Snowflake(SNOW.US)$ $Taiwan Semiconductor(TSM.US)$

On Monday, the day Elon Musk was named Time's Person of the Year, Senator Elizabeth Warren took to Twitter to comment on the tax code and its relationship with the CEO of  $Tesla(TSLA.US)$ and SpaceX.
Mr. Musk responded with a string of tweets, saying that he will pay more taxes than any American in history this year. "Don't spend it all at once… oh wait you did already," he wrote. 
You remind me of when I was a kid and my friend's angry mom would just randomly yell at everyone for no reason." 
—— Mr. Musk said.
Elon Musk is the world's richest person with a net worth of $251 billion, according to the Bloomberg Billionaires Index, with the majority of that wealth tied up in Tesla and his rocket company, Space Exploration Technologies Corp. He also has a reputation for making eyebrow-raising statements on Twitter, where he has more than 66 million followers. 
Musk is compensated in stock awards and doesn't accept a cash salary from Tesla. Last month, he initiated a poll on Twitter asking people whether he should sell 10% of his Tesla holdings, which voters backed. Click here to read more about Musk's ongoing stock selling plan
Mooers, what do you think of this 'war of words' between Musk and Warren?
Source: THE WALL STREET JOURNAL, Bloomberg, NPR

By Danilo
Hey, mooers! Here are things you need to know before the opening bell:
- Stock futures jumped early morning Tuesday after a rebound from a rollercoaster week as investors looked past the potential impact from the new omicron coronavirus variant.
- Intel's listing could value the self-driving-car unit at more than $50 billion. It is the latest move by CEO Pat Gelsinger to revive the semiconductor giant's fortunes.
Market Snapshot
Stock futures jumped early morning Tuesday after a rebound from a rollercoaster week as investors looked past the potential impact from the new omicron coronavirus variant.
Futures on the $Dow Jones Industrial Average(.DJI.US)$ rose 335 points. $S&P 500 Index(.SPX.US)$ futures rose 1.23% and $NASDAQ 100 Index(.NDX.US)$ futures were up 1.72%.
Market Temperature
Read more: Market Temperature (12/7)
Top News
Stock futures gain on Omicron optimism
U.S. stock futures, oil prices and Treasury yields rose as investors bet that the impact of Omicron would be milder than previously thought.
U.S. weighs new rules for all-cash real-estate deals
The Treasury Department's FinCEN says it wants to "protect the U.S. real estate market from exploitation by criminals and corrupt officials."
U.S. weighs new rules for all-cash real-estate deals
The Treasury Department's FinCEN says it wants to "protect the U.S. real estate market from exploitation by criminals and corrupt officials."
Balmy forecasts send natural gas prices plunging
Worries of soaring heating bills have diminished as warm weather and higher production boost supply.
Glaxo says its antibody drug works against Omicron
$GlaxoSmithKline(GSK.US)$ and $Vir Biotechnology(VIR.US)$ said their Covid-19 antibody treatment retained effectiveness against the Omicron variant in laboratory studies, even as early data suggests that similar treatments work less well against the strain.
Intel to list shares in Mobileye unit
The listing could value the self-driving-car unit at more than $50 billion. It is the latest move by CEO Pat Gelsinger to revive the semiconductor giant's fortunes. $Intel(INTC.US)$
Instagram unveils tools to keep teens safe
On the eve of a Senate subcommittee hearing, the platform shares plans for taking a "stricter approach" to content it shows users under 18. $Meta Platforms(FB.US)$
Read More
US lawyers set for record bonuses as pandemic fires dealmaking
Bull Session | Elon Musk calls CEO a "made-up title" and describes himself as a "funny" person, what do you think?
Cathie Wood-led Ark's Transparency ETF to begin trading on Wednesday
5 short squeeze candidates to track: PPSI, NUZE, RNXT, GRAB, CRTX
US regulators probe Trump's SPAC deal
Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg

$Grab Holdings(GRAB.US)$ Its quarterly losses, particularly during a turbulent pandemic time, when various branches of the business are going up and down in tandem with national restrictions, are not a worry.
Nor was its 20 per cent tumble on the launch day of the IPO. As Grab co-founder Anthony Tan presciently quipped after the bell rang: “The stock will go up and it will go down” — as he saw his personal wealth enter and depart billionaire territory within a few hours.
But that wasn’t the point of the IPO. The point was to raise another US$4.5 billion to continue fuelling Grab’s growth in the next few years, in the hopes of more financial stability after 2023.
$Sea(SE.US)$ , for example, traded below its IPO price for a year after its debut in 2017 at just US$15. This year, they peaked at over US$350, despite the fact that its Shopee platform keeps bleeding money.
Even after sliding to US$260, analysts retain forecast of close to US$400 — 26 times of what the company was worth four years ago.
The company started as a taxi hailing app, creeping up to become an Uber competitor, later moving into food delivery only to see this business explode and dwarf the mobility branch amidst the pandemic lockdowns.
The birth of GrabMart and grocery deliveries — with GrabFinance wrapped around all of these — offers another layer of digital finance services, allowing Grab to become a superapp people will use for far more than just moving from point A to B.
Just like how $Amazon(AMZN.US)$ started with selling books, before it became the world’s largest e-commerce retailer, cloud service provider and, recently, a full-on entertainment outfit making multibillion dollar shows (like the latest take on the Tolkien’s saga), companies like Grab are seen for the opportunities access to millions of willing buyers gives them, not their current operations.
A dollar spent (even a borrowed one) on growth into new markets and new services, gives a promise of a future return far outweighing the current expenses.

Pelosi is expected to remain in Congress whilst managing Pelosi Cap's options strategy.
—— HEDGEYE
Read More: Nvidia gains as Pelosi's heavy share and call option buying revealed
$Tesla(TSLA.US)$ $NVIDIA(NVDA.US)$