STOCKS/ECONOMY
-Stock futures are down after Wednesday's 188-point loss for the Dow, 0.8 percent gain for the S&P 500, and a 0.3 percent rise for the Nasdaq. Investors are responding to late-breaking tariff news.
-The yield on the 10-year Treasury bond is at 4.29 percent.
-President Trump has just said that tariffs on Canadian and Mexican imports will begin March 4, along with an additional 10 percent tariff on China.
-Weekly first-time jobless claims rose to 242,000 last week, more than expected.
-Gold is down to the $2,899 per ounce level. Bitcoin is at the $86,100 level.
-Asian markets closed mixed today. The Nikkei gained 0.3 percent, the Hang seng fell 0.3 percent, and the Shenzhen also dropped 0.3 percent.
OIL/ENERGY
-U.S. crude prices are up and at the $69 a barrel level.
-Gasoline prices are down to $3.12 a gallon, national average.
NVIDIA NEWS
-AI chipmaker Nvidia (NVDA) reported better than expected quarterly profits and revenues. It also provided strong guidance for the current quarter. Its shares are up 2.7 percent in the premarket.
CHIP BATTLE
-Microsoft (MSFT) is reportedly lobbying President Trump to relax restrictions on chip exports to China. The rules are in place to protect American AI tech from Beijing. Microsoft shares are up slightly in the premarket.
EBAY PAIN
-eBay (EBAY) reported weaker than expected revenues and offered forward revenue guidance that disappointed investors. eBay shares are down 9 percent in the premarket.
SALESFORCE FAIL
-Salesforce (CRM) reported weaker than expected revenues and offered weak forward guidance. Salesforce shares are down 4 percent in the premarket.
OTHER KEY EARNINGS
-Paramount Global (PARA) also missed revenue expectations. Its shares are down 2 percent in the premarket.
-Teledoc Health (TDOC) reported a wider than expected quarterly loss. Its shares are down 11 percent in the premarket.
-Salad chain Sweetgreen (SG) reported weaker than expected forward earnings guidance. Its shares are down 10 percent in the premarket.
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