Yahoo Finance Fed rate cut, TikTok and Google, Trump's safety: 3 Things
US stock futures (ES=F, NQ=F, YM=F) are holding their ground Monday morning as markets price in the Federal Reserve's first interest rate cut in four years, expected at the central bank's policy meeting later this week.
TikTok parent company ByteDance is headed to the US courts today to dispute the law that could see the popular social media app banned in the United States if its not sold off to a non-Chinese entity. Alphabet's Google (GOOG, GOOGL) antitrust trial surrounding its dominance in the online advertising market enters its second week.
The FBI investigates what is believed to be a second assassination attempt on former President Donald Trump's life following an incident at the Trump International Golf Club in West Palm Beach, Florida.
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This post was written by Luke Carberry Mogan.
Video transcript
Stock futures.
Little changed following the S and PS best week of 2024 Treasury about flat is ahead of the feds hotly anticipated rate cut decision on Wednesday that is expected to make its first rate reduction of the hiking cycle by either 25 or 50 basis points.
65% of traders now pricing at a 50 basis point cut this morning.
Big that under legal Tik Tok is in court arguing that a US law that its owner by D must dive control of Tik Tok by January 19th or face a nationwide ban is unconstitutional.
Meanwhile, Google antitrust trial over its online ad market dominance that enters its second week and the FBI investigating what it says is an apparent assassination attempt on former president Donald Trump's life Sunday in then is the second attempt in two months.
The Trump campaign says the former president is safe.
The secret service says an agent fired at a man who had a rifle with a scope.
The man was in the bushes outside Trump International golf course.
The suspect fled in a car but was later identified and arrested.
President Biden directed his team to ensure that secret service has every resource to ensure Trump safety.
