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Hey there, Bullets Fans –
Your Morning Bullets Brief Updates are here! And that means trivia is, too.
Can you guess who said this?
“The four most dangerous words in investing are: ‘This time it’s different.'”
Think you know the answer? You can check it in the closing area down below!
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Yesterday the 10-year Treasury yield skyrocketed to a 14-month high of 1.754%, sending tech stocks plummeting, and causing the Nasdaq to shed 3%. The S&P 500, also weighed down by tech names, drooped 1.5%. The Dow Jones Industrial Average dipped 0.5%.
But today, stock futures appear to be rebounding as the 10-year Treasury yield retreated slightly.
Shares of Nike fell almost 2% during premarket trading today, while FedEx shares soared 5%, as both companies released their third-quarter earnings.
Meanwhile, according to the CDC, the U.S. has now administered over 115 million doses of various vaccines, meaning that President Joe Biden reached his goal of administering 100 million shots within his first 100 days in office.
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Though the White House has attempted to avoid the word “crisis” when referring to the surge of illegal border crossings, Press Secretary Jen Psaki did use the term yesterday before backtracking slightly.
When she was asked about lending doses of the AstraZeneca vaccine to Mexico and Canada, Psaki said: “There have been exceptions set outside of–unrelated–to any vaccine doses or request for them that they would be partners in dealing with the crisis on the border.”
A reporter jumped on Psaki’s comment, asking if the White House was beginning to think of the situation at the border differently. Psaki said that there were “challenges,” but that President Joe Biden’s view that “No, we’ll be able to handle it” remains the same.
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