STOCKS/ECONOMY
-Stock futures are flat after a mixed day on Wall Street Monday left the Dow down 129 points, the S&P 500 up by 0.2 percent, and the Nasdaq rallying 1 percent higher. Investors are focused on interest rates again today, and any economic policy signals from the incoming Trump administration.
-The yield on the 10-year Treasury bond is at 4.20 percent.
-Federal Reserve Governor Christopher Waller says he leaning toward supporting another rate cut later this month.
-Gold is at the $2,666 per ounce level. Bitcoin is at the $94,800 level.
-Asian markets closed mostly higher today, led by a 1.9 percent rally for the Nikkei. The Hang seng rallied 1 percent higher, and the Shenzhen fell 0.4 percent.
OIL/ENERGY
-U.S. crude prices are up, but still at the $68 a barrel level.
-Gasoline prices are down to $3.03 a gallon, national average.
-General Motors (GM) is backing out of a joint venture to own and operate a nearly-completed $2.6 billion EV battery plant with Korea's LG Energy Solution in Lansing, Michigan. GM shares are flat in the premarket, but up 53 percent for the year so far.
STEEL CURTAIN
-President-elect Trump is repeating his vow not to allow Japan's Nippon Steel to buy U.S. Steel (X). U.S. Steel shares are down 8 percent in the premarket.
INTEL OUT
-Intel (INTC) CEO Pat Gelsinger is out after what's been a rough year for the chip company marked by market share losses and failures to put out competitive products for the AI boom. Intel shares are flat in the premarket and down 52 percent for the year so far.
MUSK PAY BATTLE
-A Delaware judge has again ruled against Tesla's (TSLA) $56 billion pay package for founder and CEO Elon Musk. Tesla shares are down 1 percent in the premarket, but up 43 percent for the year so far.
AT&T OUTLOOK
-AT&T (T) says the core of its upcoming three-year plan is to expand its 5G and fiber optic networks across the U.S., and increase its locations with fiber optics from 28 million now to 50 million by 2029. AT&T shares are up 1 percent in the premarket, and up 35 percent for the year so far.
DEALS/NO DEALS
-BlackRock (BLK) is buying private credit firm HPS Investment Partners for $12 billion in stock. It's the latest sign that the non-traditional banking sector remains hot. BlackRock shares flat in the premarket.
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