Here are the most important news, trends and analyzes that investors need to start their trading day:
1. Wall Street is tall but the original Treasury spreads are inverted
Traders on the floor of the NYSE, March 31, 2022.
Source: NYSE
U.S. stock futures rose modestly on Monday, with technology-heavy Nasdaq looking the strongest. Shares of Twitter rose 25% in the premarket after Elon Musk revealed a large stake in the social media company. The second quarter of Wall Street made a positive start on Friday, which was also the first day of April. Historically, April was the best month of the year for the stock, with the S&P 500 rising 1.7% on average. The first quarter, which ended on Thursday, was the worst first three months in two years, which included a reduction in the Covid epidemic by the end of March 2020.
Key bond yields spread on Monday – 2-year / 10-year and 5-year / 30-year – reversing, a market distortion that occurred before the past economic downturn. Bond yields rose on Friday. But the real strength was in the short-term Treasury because traders worried that weaker but still stronger March job growth than expected could give the Federal Reserve the green light to become more aggressive with its interest rate-hiking cycle.
US oil prices were relatively stable on Monday, hovering around 100 100 a barrel as supply concerns continued due to Russia’s war in Ukraine. Crude oil fell nearly 13% last week when the United States announced it would release 1 million barrels of oil per day from its strategic petroleum reserves for six months starting in May to help meet high energy costs.
2. Twitter shares increase after Elon Musk took a big part in the social network
Elon Musk, CEO of Tesla Inc., attends the World Artificial Intelligence Conference (WAIC) on August 29, 2019 in Shanghai, China.
Ali’s song | Reuters
Musk, the CEO of outspoken Tesla and SpaceX and the world’s richest man, has become Twitter’s largest outside shareholder, following criticism of the social network for what he said. Musk owns about 73.49 million shares of Twitter, according to a regulatory filing that fell on freedom of speech.
That’s a 9.2% share, more than $ 49 per share based on Twitter’s ার্ 3.6 billion Twitter premarket growth. While classifying the filing as a passive stake, investors were bidding higher on the company’s shares that it could be anything more.
- Over the weekend, Tesla reported 310,048 electric vehicle deliveries in the first quarter, down slightly from estimates but 67% higher than a year earlier. Model 3 and Model Y vehicles consist of 95% of Q1 numbers. Deliveries are the closest estimates to the number of sales reported by Tesla.
3. Starbucks ends share buyback with Howard Schultz’s return as interim CEO.
Howard Schultz
Pierre Marco Takka | Getty Images
Shares of Starbucks fell nearly 2.5% after the coffee chain suspended its stock buyback program. Howard Schultz, who is returning as interim CEO of Starbucks, wrote in a message to employees: “Starting immediately, we are suspending our share repurchase activities. This decision will allow us to invest more profits in our people and our stores – the only way to create all Long-term value for stakeholders. “
- Schultz, currently in charge of the ship, in its third term, Starbucks said it is looking for a permanent CEO after Kevin Johnson retires.
4. Jamie Demon highlights three forces that can shape the world
JPMorgan CEO Jamie Dimon speaks at a luncheon hosted by Boston College, Boston College, Massachusetts, USA on November 23, 2021.
Brian Snyder | Reuters
Jamie Damon, CEO and chairman of the largest U.S. bank in terms of assets, pointed out in his annual shareholder letter the potential unprecedented combination of risks facing the country. JPMorgan’s Dimon writes that three powers could shape the world in the next few decades: a U.S. economy recovering from an epidemic; High inflation which will usher in an era of rising rates; And the Russian aggression in Ukraine and the resulting humanitarian crisis. Dimon added that he believes the United States was in a boom that could “easily” continue into 2023.
5. Ukrainian President Volodymyr Zelensky has accused Russia of genocide
Speaking during a speech, Ukrainian President Volodymyr Zelensky condemned what he called “war crimes” by Russian troops in settlements around the Ukrainian capital, as Russia’s invasion of Ukraine continues, in Kyiv, Ukraine on April 3, 2022.
Ukrainian Presidential Press Service | Reuters
On Sunday morning, Ukrainian President Volodymyr Zelensky accused Russian forces of genocide and said his people were being “destroyed and annihilated.” Zelensky’s remarks came in the wake of reports of devastation in the town of Bucha, 23 miles northwest of the capital Kyiv, liberated by Ukrainian forces. In a video shown during Sunday night’s Grammy Awards, Zelensky called on artists to support Ukraine.
- The United States and its European allies are preparing to impose further sanctions on Russia in the wake of growing evidence of war crimes committed by its forces in Ukraine.
- Russia’s chief negotiator has said talks on a draft peace deal will resume on Monday, but stressed that the Kremlin’s position on Kremlin integration and separatist parts of the Donbass region remains unchanged.
– CNBC reporters Samantha Subin, Pippa Stevens, Vicky McKeever, Fred Embert, Laura Kolodney, Hugh’s son And Natasha Turak As well as The Associated Press and Reuters contributed to this report.
– Sign up now To follow every stock move of Jim Kramer for CNBC Investing Club. Follow broad market action like a pro on CNBC Pro.