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Hey there, Bullets Fans –
Your Morning Bullets Brief Updates are here! And that means trivia is, too.
On this day, in 1792, what happened in the stock market?
Think you know the answer? You can check it in the closing area down below!
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Stocks were set to bounce this morning while the 10-year Treasury yield continued its stabilization. Also today, the Senate Banking Committee will hear from Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell with their economic testimony. Yesterday both Yellen and Powell agreed that high valuations are no cause for panic.
Meanwhile, shares of GameStop sunk 12% this morning after the company said it may sell more equity shares. The company also released fairly disappointing quarterly results yesterday.
And shares of Intel increased this morning after the company yesterday announced that it would build new chip plants in Arizona.
Amazon’s future CEO also announced his successor, and Tesla’s Elon Musk says consumers can now buy his car with bitcoin.
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Times are changing — don’t get left in the dust. See this now
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Yesterday Senator Ted Cruz said that his Democratic colleagues were taking advantage of tragedies like the massacre in Boulder, Colorado, to further their own political agenda. He argued against their gun control proposals.
“I agree. It is time for us to do something,” Cruz said. “And every time there’s a shooting, we play this ridiculous theater where this committee gets together and proposes a bunch of laws that would do nothing to stop these murders. What happens in this committee after every mass shooting is Democrats propose taking away guns from law-abiding citizens because that’s their political objective.”
He added: “When you disarm law-abiding citizens, you make them more likely to be victims. If you want to stop these murders, go after the murderers.”
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