Here’s what you need to know to navigate the markets today.
• The warehouses are open Tuesday morning, as U.S. stock futures rose Monday night. Dow Jones Industrial Average futures have gained 183 points or 0.6% while S&P 500 futures have risen 0.5%. Nasdaq Composite Futures also rose 0.5%. Investors have a week filled with earnings comes up, as
report Tuesday followed by
Hilton Worldwide Holdings,
on Wednesday. Material used,
Newmont, Roku and Walmart report Thursday, and Deere closes the week on Friday.
• U.S. House President Nancy Pelosi has announced that a 9/11-style independent commission will investigate the January 6 attack on the U.S. capital. The Commission will investigate all aspects of what happened during the deadly attack, “including facts and reasons relating to the preparedness and response of the United States Capitol Police and other federal, state and local law enforcement agencies,” Pelosi said on Monday. Louisiana Senator Bill Cassidy, one of seven Republicans who voted to convict former president Donald Trump on a single statement of incitement to rebellion, called for a complete investigation, including “what was known, who knew it and when they knew all this, for it builds the foundation so that this never happens again.” Retired Army Lieutenant Russel Honoré has led a review of the Capitol’s security protocols. The Senate acquitted Trump on Saturday, but lawmakers have signaled that more steps will be taken to investigate the incident.
• The World Health Organization has approved AstraZenecas Covid-19 vaccine for emergency use. The term means that a vaccine is considered safe and effective, and it will allow poor countries that cannot afford the more expensive vaccines approved for use in the United States to begin mass vaccinations when doses are available. Nearly 130 countries with a total population of 2.5 billion people have not yet started vaccinating their residents.
vaccine, developed by Oxford University, has been approved in the UK since December 30, but has not yet been approved in the US. The company is currently enrolling participants in a 30,000-person trial in the United States and is not expected to apply for an emergency use permit here until at least spring.
• Dr. Anthony Fauci, President Joe Biden’s chief medical adviser, warned Americans to become complacent about the pandemic as more dangerous variants take hold. “You do not want people to be complacent,” he saidand added: “We may still have a stumbling block that comes with the look of variations that will dominate the image.” Fauci, 80, also said he was considering his own risk of infection during the Trump administration. “I did not get it, but it was in the back of my mind … especially when I was going to the White House every day when the White House was some kind of super-spreader location.”
• Jaguar Land Rover announced Monday it will launch six electric Land Rover models over the next five years, and its luxurious Jaguar brand will be fully electric by 2025. JLR owned by India
said zero-emission e-models of its entire range will be available by 2030. JLR will spend around $ 3.5 billion a year on electrification technologies and will keep all three of its UK factories open. Competitors, including Bentley Motors and General Motors, has also announced plans for zero-emission vehicles in recent months.
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