By Danilo
Hey, mooers! Here are things you need to know before the opening bell:
- Stock futures were lower in early morning trading Monday following a losing week as investors continued to grapple with the resurgence of Covid cases and an upcoming shift in the Federal Reserve's easy monetary policy.
- Elon Musk faces a hefty tax bill this year — possibly the biggest in U.S. history.“For those wondering, I will pay over $11 billion in taxes this year,” the Tesla CEO tweeted on Monday.
Market Snapshot
Stock futures were lower in early morning trading Monday following a losing week as investors continued to grapple with the resurgence of Covid cases and an upcoming shift in the Federal Reserve's easy monetary policy.
Futures on the $Dow Jones Industrial Average (.DJI.US)$ dropped 433 points, or 1.29%. $S&P 500 Index (.SPX.US)$ futures dipped 1.38% and $NASDAQ 100 Index (.NDX.US)$ futures declined 1.59%.
Market Temperature
Read more: Market Temperature (12/20)
Top News
Stock futures, oil prices slump on Omicron curbs
U.S. stock futures, oil prices and bond yields fell as investors worried that a rise in Omicron Covid-19 cases would stall economic growth and add pressure to inflation.
Economy week ahead: housing, consumers, inflation
Data due this week will likely show that core inflation rose at the fastest annual pace in almost four decades in November.
Businesses seek to delay tax rise that funds Biden spending plan
Honeywell, GE, Boeing and other large companies are launching a late lobbying blitz to persuade centrist Democratic senators that implementing a global minimum tax too soon would hurt U.S.-based multinationals.
Inflation adds to cost of clean energy transition
Energy companies have to spend more to build solar and wind farms for the first time in years because of cost inflation and supply-chain problems, adding a financial speed bump to the switch from fossil fuels.
Disney and YouTube reach deal, ending blackout
The agreement ends a brief blackout that began at the stroke of midnight Saturday after the carriage contract between the two companies expired. $Disney (DIS.US)$ $Alphabet-C (GOOG.US)$ $Alphabet-A (GOOGL.US)$
Nike buys into NFTs
$Nike (NKE.US)$ is the latest brand to jump into the emerging world of nonfungible tokens, betting sneaker collectors will want to invest in virtual footwear.
'Spider-Man: No Way Home' swoops in with a pandemic-record opening
The latest Spider-Man movie opened to $253 million at the box office this weekend, defying industry expectations. $AMC Entertainment (AMC.US)$
Read More
Adidas 'Into the Metaverse' NFT drop sells out, nets $23.5 million
Crypto attracts more money in 2021 than all previous years combined
Coach gives a little festive love with first NFT collection
ARKK is tracking the Dot-com bubble's movement
Elon Musk has an Asian twin?
Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg

$Futu Holdings Ltd (FUTU.US)$ Tonight 🚀🌕 everybody!!

$Futu Holdings Ltd (FUTU.US)$  up and down very fast

$Meta Platforms (FB.US)$  is planning to change its company name next week to reflect its focus on building the metaverse, reported by The Verge.
Over the years, the $960 billion market cap giant has been pouring tons of resources to build up its VR/AR arm, in the hope to become the leader of this growing economy. Facebook already has more than 10,000 employees building consumer hardware like AR glasses that Zuckerberg believes will eventually be as ubiquitous as smartphones.
The metaverse is “going to be a big focus, and I think that this is just going to be a big part of the next chapter for the way that the internet evolves after the mobile internet,” Zuckerberg told The Verge’s Casey Newton this summer. “And I think it’s going to be the next big chapter for our company too, really doubling down in this area.”
Currently, Facebook is generating over $30 billion in Free Cash Flow with its core advertising business, and the company is not paying any single cent to shareholders as dividends.
I feel very happy this way, as it shows that Zuckerberg is constantly testing and expanding Facebook’s capability and core, with the Free Cash Flow generated every year. My portfolio goal is for growth, and it makes perfect sense for me to invest in growth-driven company.
In the next few years, it’s very unlikely that other companies are going to take over Facebook in terms of digital advertising. So Facebook still has ample time to use it as a cash cow to fund its metaverse projects. And once it establishes its leadership in AR/VR technology, Facebook will once again dominate another fast-growing economy. That will be the beginning of another growth story.
I am long-term bullish on Facebook. How about you?
Follow me on Moomoo and my YouTube channel for more investing insights! https://youtube.com/c/ChloeLinTV

$Blackstone (BX.US)$ is a leading global investment company.By looking into BX's earnings report, we can get an in-depth understanding of the latest market trends, and hopefully find valuable trade ideas.
On October 21, Blackstone released its Q3 earnings that beat the estimates, and the management gives an optimistic overview. Let's see the highlights that might affect its stock price.
Financial Highlights
Q3 revenue $6.22 billion, up 105%YoY.
Q3 netincome$1.4 billion,up 76% YoY
Adjusted EPS $1.28, beating the $0.91 market estimates, a 40.7% surprise.
Operating & Business Highlights
Total assets under management (AUM) were $730.7 billion, up 25% YoY, with fee-based income under management of $528.4 billion, up 19% YoY.
Blackstone repurchased 2.9 million shares of common stock during the quarter and will distribute $1.8 billion to shareholders through dividends and share repurchases in the third quarter.
Outlook
Stephen A. Schwarzman, Chairman and Chief Executive Officer, said,
-Blackstone reported the best results in our 36-year history.
-Earnings increased dramatically, and all of our key financial and capital metrics reached record or near-record levels.
-Most importantly, we continue to deliver outstanding investment performance for our limited partners, with the third quarter capping our best twelve-month period for fund appreciation.
-Looking forward, we have more avenues for growth than ever before,and I believe we are in the early stages of a long-term acceleration of our business.
Click to see the original earnings report>>
What's your thought on Blackstone Q3 earnings? Is now a good time to buy or sell? Which way will the stock price go?
We can't wait to see your comments.

$Sembcorp Ind (U96.SG)$ Show Hand rewarded. Can take a break liao. Gd luck guys. 😜

$Camber Energy (CEI.US)$ dip before rip  its sea of red now

$Tesla (TSLA.US)$ Some leading companies can hold it for a long time, or take a technology cycle of 10 years, Tesla, Microsoft, Apple, ASML, and procter & Gamble, Diageo, Coca Cola and so on. The market dares to take the enterprise is basically no, long take at every turn into leeco Kangmei pharmaceutical. Long-term investment may be 1 year, most games. The leader must identify and follow the trend.

Dear mooers,   $Tesla (TSLA.US)$  Q3 earnings conference call is coming up! How will this affect the stock price? What are you expecting from the market?
Earnings are definitely one ofthe most important driver of individual stock performance. Investors' perception and emotion are real strengths for the market!
What's your opinion on the trend of Tesla after the earnings release？
Win Reward:
Place your bet on TSLA's closing price (i.e.+3%) of Oct 21 ET / Oct 22 SGT before Oct 21 4:00 AM ET / Oct 22 4:00 PM SGT. The mooer with the closest bet will win 300 points!
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