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Home / Business / 5 things to know before the market opens on Monday, April 5

5 things to know before the market opens on Monday, April 5



Here are the most important news, trends and analysis investors need to start a trading day:

1. Friday’s employment report is strong, the Dow Jones Industrial Average rises

Trader on the New York Stock Exchange.

Source: New York Stock Exchange

2. Yellen promotes the implementation of the world̵
7;s lowest taxation on companies

Secretary of the Treasury Janet Yellen (Janet Yellen) attends an economic briefing with US President Joe Biden in the Roosevelt Room of the White House in Washington on March 5, 2021.

Tom Brunner | Reuters

Treasury Secretary Janet Yellen (Janet Yellen) on Monday will call for a minimum tax rate on global companies to prevent companies from moving to lower tax rates. According to the Axios report confirmed by CNBC, Yellen will say at a meeting of the Chicago Council of Global Affairs: “We are working with the Group of 20 (G20) countries to agree on the lowest global corporate tax rate that can prevent competition.” At this time, President Joe Biden wanted to increase the U.S. corporate tax rate as a way to pay for the $2 trillion infrastructure improvement program.

3. The Republican Party opposes Biden’s infrastructure plan

Senator Roy Blunt (R-MO) raises questions at the joint Senate Homeland Security and Government Affairs and Senate Rules and Administration Hearings to discuss the January 3rd 2021 in Washington, DC against the U.S. Capitol Attacked on the 6th.

Greg Nash | Getty Images

Republican Senator Roy Blunt of Missouri urged the president on Sunday to cut his infrastructure plan to about $615 billion and focus on rebuilding physical infrastructure such as roads and bridges. The fourth-ranked Republican senator argued on “Fox News Sunday” (Fox News Sunday) that only 30% of Biden’s proposal focused on traditional infrastructure. Blunt said that lowering prices will enable the White House to pass the bill through both houses of Congress. Senate Minority Leader Mitch McConnell (R-Ky.) said last week that the $2 trillion package would not win Republican support.

4. GameStop tank’s stock sales plan; Tesla achieved record deliveries

On February 25, 2021, a man talks on the phone in front of GameStop on Sixth Avenue in New York.

John Smith | Corbis News | Getty Images

GameStop fell 13% in pre-market trading on Monday after the company announced plans to sell up to 3.5 million shares, as video game retailers hope to capitalize on its share price gains following a Reddit-driven trading frenzy earlier this year Advantage. GameStop said it will use these proceeds to accelerate the transition of its business model to e-commerce. GameStop closed at $191 per share on Thursday. It was trading at as high as $483 in late January. Prior to the establishment of the Reddit transaction, the stock was trading at less than $20 at the beginning of this year.

The Tesla logo on Model S was photographed in a Tesla dealership in New York.

Lucas Jackson | Reuters

Electric car manufacturers said on Friday that nearly 185,000 vehicles were delivered in the first quarter, and Tesla’s stock price rose more than 7% in pre-market trading. This is a record for the company led by Elon Musk, exceeding the 168,000 vehicle expectations. All vehicles produced this quarter are Model 3 sedans and Model Y crossover SUVs. Tesla did not produce any more expensive Model S sedan and Model X SUV. However, it did deliver 2020 Model S and Model X vehicles from inventory.

5. The plant that the U.S. makes Johnson & Johnson responsible for bottling the Covid vaccine

The exterior of the emergency biological solutions plant in Baltimore, Maryland, April 1, 2021. In this Baltimore laboratory, 15 million doses of Johnson & Johnson vaccine were destroyed, which would delay vaccine shipments in the United States.

Tasos Katopodis | Getty Images

A senior health official said on Saturday that the United States put Johnson & Johnson in charge of the production of the Emergent BioSolutions plant, which destroyed the drug maker’s 15 million doses of disposable Covid vaccine. The government also banned AstraZeneca from using the facility. According to the New York Times, emergency BioSolutions workers at the plant are mixing raw materials for Johnson & Johnson and AstraZeneca vaccines. AstraZeneca’s vaccine has not yet been approved in the United States, and the company said it will work with the Biden government to find alternative production locations.

-The Associated Press and Reuters contributed to this report.Get the latest information on epidemics CNBC’s Coronavirus Blog.


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