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Hey there, Bullets Fans –
Your Morning Bullets Brief Updates are here!
It’s trivia time again!
On November 17, 1973, the markets slid almost 20% as U.S. President Richard Nixon delivered a speech in which he said these now infamous words: _______________.
Extra points if you know how far the market would fall during the Watergate scandal!
Think you know the answer? Find out for sure by scrolling down to the bottom of our email to check your answer.
Image Source: Morning Bullets
This morning the Dow Jones Industrial average was slated for a slide of more than 150 points. Tuesday’s outlook followed a strong day for the Dow. Yesterday it climbed 470 points after news that Moderna’s vaccine was more than 94% effective.
Although both Home Depot and Walmart reported better-than-expected earnings, shares of Home Depot fell while shares of Walmart rose.
And Amazon’s announcement about its new pharmacy service (more on that, below), put shares of CVS and Walgreens “under severe pressure.”
Also today, you’ll want to keep an eye on the Big Tech testimony at a Senate Judiciary Committee hearing. Facebook and Twitter CEOs will be discussing how their platforms handled the presidential election.
And the October retail sales report was released at 8:30 a.m.
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Other Top Financial News
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Image Source: AmazonBeginning this week, you can order anything from insulin to migraine medication on Amazon through its new online pharmacy. If you’re a Prime member, your medication will arrive on your doorstep two days after your purchase, for free.
As more and more people seek to avoid pharmacies as the virus spreads, Amazon’s foray into this $300 billion market comes at a good time.
“We wanted to make it easy for people to get their medication, understand the cost and get it delivered to the home,” said Amazon Vice President of Pharmacy TJ Parker. “The hard work is to make it easy…There were a number of complications behind the scenes.”
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Market Movers & Predictions
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Fredrick Frost