Before the Bell | Trump stock DWAC gains on report of efforts to raise $1B PIPE
By Danilo
Hey, mooers! Here are things you need to know before the opening bell:
- U.S. stock index futures rose in early morning trading on Thursday, following a Wednesday tumble on Wall Street after the CDC confirmed the first known case of the omicron variant in the U.S.
- The DWAC-TMTG deal is valued at $875 million including debt, and with the latest plans to raise $1 billion, its valuation would ratchet up to $3 billion, as per Reuters.
Market Snapshot
U.S. stock index futures rose in early morning trading on Thursday, following a Wednesday tumble on Wall Street after the CDC confirmed the first known case of the omicron variant in the U.S.
Futures contracts tied to the $Dow Jones Industrial Average (.DJI.US)$ gained 314 points. $S&P 500 Index (.SPX.US)$ futures advanced 0.74%, while $NASDAQ 100 Index (.NDX.US)$ futures added 0.4%.
Market Temperature
Stock futures gain amid Omicron volatility
U.S. stock futures edged up in an extension of the week's volatile trading as investors grappled with uncertainty surrounding the new Covid-19 variant.
U.S. stock futures edged up in an extension of the week's volatile trading as investors grappled with uncertainty surrounding the new Covid-19 variant.
Supply imbalances continued to hold back U.S. growth this fall, Fed's beige book says
Businesses report "persistent difficulty in hiring and retaining employees" as labor shortage continued.
Businesses report "persistent difficulty in hiring and retaining employees" as labor shortage continued.
First U.S. Omicron case identified in California
The CDC said the person infected with the new Covid-19 variant had returned to the U.S. from a trip to South Africa on Nov. 22. All their known contacts have tested negative for Omicron, the agency said.
The CDC said the person infected with the new Covid-19 variant had returned to the U.S. from a trip to South Africa on Nov. 22. All their known contacts have tested negative for Omicron, the agency said.
Government shutdown deadline nears as deal eludes lawmakers
Lawmakers worked to reach an agreement on a short-term spending patch to avoid a potential partial government shutdown this weekend, with Democrats and Republicans still haggling over the details of the funding extension.
Lawmakers worked to reach an agreement on a short-term spending patch to avoid a potential partial government shutdown this weekend, with Democrats and Republicans still haggling over the details of the funding extension.
Square changes its name to Block
The name change comes shortly after the $Block (SQ.US)$'s CEO, Jack Dorsey, stepped down at $Twitter (Delisted) (TWTR.US)$ and aligns with his interest in bitcoin and blockchain.
The name change comes shortly after the $Block (SQ.US)$'s CEO, Jack Dorsey, stepped down at $Twitter (Delisted) (TWTR.US)$ and aligns with his interest in bitcoin and blockchain.
Disney elects Susan Arnold as board chairman, replacing robert iger
$Disney (DIS.US)$ is turning to an executive with extensive experience, but she will lead a board that has had to weather an unprecedented period of turmoil in recent years.
$Disney (DIS.US)$ is turning to an executive with extensive experience, but she will lead a board that has had to weather an unprecedented period of turmoil in recent years.
WeWork to restate results due to error with its SPAC acquirer
$WeWork (WE.US)$ said in a securities filing that it would restate several quarters of results, including its latest quarter's, and that management has concluded there was a material weakness in its internal control.
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$WeWork (WE.US)$ said in a securities filing that it would restate several quarters of results, including its latest quarter's, and that management has concluded there was a material weakness in its internal control.
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Source: CNBC, Dow Jones Newswires, Bloomberg
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