Morning Briefing: McDonald's plans to make happy meal toys more sustainable

Moomoo Breakfast US wrote a column · Sep 22, 2021 05:53

Morning Briefing: McDonald's plans to make happy meal toys more sustainable

By Danilo

Hey, moomooers! Here are things you need to know before the opening bell:

-U.S. stocks on Tuesday fought to rebound from Monday’s rout, but failed as the Dow Jones Industrial average trended lower for most of the session and closed in the red.

-Fed Chairman Jerome Powell has tried to decouple a coming reduction in asset purchases from signaling its rate plans, but new projections this week could pose a hurdle.

Market Snapshot

U.S. stocks on Tuesday fought to rebound from Monday's rout, but failed as the $Dow Jones Industrial Average(.DJI.US)$ trended lower for most of the session and closed in the red.

The $Dow Jones Industrial Average(.DJI.US)$ gained 201 points. The $S&P 500 Index(.SPX.US)$ and the $NASDAQ 100 Index(.NDX.US)$ were little changed.

Source: Bloomberg

Top News

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Stock indexes rose at the opening, suggesting American markets could regain some ground.

Disney+ subscriber growth slows down
Shares in $Disney(DIS.US)$ fell 4.2% after CEO Bob Chapek said the company's streaming service faced headwinds in the current quarter.

Global trade flows fell in July, according to WSJ indicator
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Fedex lowers outlook, citing labor costs
$FedEx(FDX.US)$ The delivery giant spent an additional $450 million tied to problems attracting workers in its latest quarter, contributing to an 11% drop in profit.

U.S. housing starts rebounded in August, outpacing expectations
Construction of new homes in the U.S. rose 3.9% in August compared with July, to a seasonally adjusted annual rate of 1.615 million, which topped economists' forecast of a 1% increase to an annual pace of 1.55 million.

McDonald's plans to make happy meal toys more sustainable
$McDonald's(MCD.US)$ The fast-food chain is shifting some of its toys to plant-based materials, and the new toys will begin appearing in the U.S. in January