00:00Five things to know before the stock market opens.
00:04On this Columbus Day holiday, the stock markets are open for business.
00:09Following Friday's record closings of the S&P 500 and Dow Jones Industrial Average,
00:14U.S. stock futures are little changed.
00:17Pre-market trading has seen a decline in shares of Boeing, BA,
00:22which announced plans to cut about 17,000 jobs.
00:26On the other hand, shares of Tesla, TSLA, have increased,
00:31reversing Friday's decline in the EV maker's stock after its much-discussed RoboTaxi event.
00:37Finally, crypto-related stocks are rising as Bitcoin, BTCUSD, surged to almost $65,000.
00:45What today's investors should know is as follows.
00:481. Bond market closed, NYSE and NASDAQ opened.
00:53Monday is a federal holiday in the United States, so banks and government offices will be closed.
00:58The New York Stock Exchange and NASDAQ will be open and operating normally today,
01:03but the bond market will be closed for Columbus Day, also observed as Indigenous Peoples Day.
01:102. Steady U.S. stock futures.
01:14After the rally of last week.
01:18Monday morning stock futures are essentially unchanged
01:21as the U.S. equity market attempts to maintain the upward trend
01:25that has propelled major indexes to all-time highs in the last few sessions.
01:30Friday's record-closing highs for the S&P 500 and Dow Jones Industrial Average
01:35were driven by positive inflation data and solid bank earnings.
01:40There are no economic reports or earnings releases today due to Monday's holiday,
01:45but the calendar gets a lot busier in the next few days.
01:48The main U.S. stock indexes have been rising for the past five weeks.
01:523. Slides from Boeing large job cuts, $5 billion in charge pre-market trading,
01:59has seen a more than 2% decline in Boeing, BA shares,
02:03since the aircraft manufacturer revealed a number of cost-cutting initiatives over the weekend,
02:09including a 10% workforce reduction or 17,000 jobs
02:13and a delay in the introduction of its first 707X jetliner.
02:191. Boeing.
02:21CEO Boeing's message to staff on future positioning.
02:25Additionally, Boeing stated that it anticipates pre-tax earnings charges
02:30at its defense and commercial aircraft divisions of $5 billion in the third quarter.
02:35Following its withdrawal of its contract offer to its striking machinists,
02:40the aircraft manufacturer received a downgrade warning on its debt last week
02:45from ratings agency S&P Global.
02:484. Tesla rises.
02:51Following slide.
02:52Following the robo-taxi event.
02:55In pre-market trading, Tesla's TSLA stock is up more than 1%,
03:00recovering some of the significant losses sustained on Friday
03:04following the electric vehicle manufacturer's highly anticipated unveiling
03:08of its CyberCab autonomous vehicle,
03:11an event that, according to analysts, lacked sufficient details.
03:16After reaching a record high on Friday, Uber Technologies, Uber shares,
03:21are now losing some of their early gains, down roughly 1% in pre-market trading.
03:27The lackluster reaction to the CyberCab helped ride-sharing firms grow
03:32as worries about the competitive threat posed by self-driving taxis subsided.
03:385. Bitcoin's increase pushes up.
03:42Crypto stocks, stocks related to cryptocurrencies,
03:45are increasing after the price of Bitcoin, BTCUSD,
03:50surged to almost $65,000 for the first time in several weeks,
03:54even though the token is still below its record high of $73,000 set in March.
04:00With significant Bitcoin holdings,
04:02software company MicroStrategy, MSTR, is up roughly 6% in pre-market trading.
04:09Coinbase, COIN, a cryptocurrency exchange, is up 4%.
04:14And Marathon Digital Holdings, MARA, a Bitcoin miner, is up 5%.
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