>>Trading Week Winding Down
(New York, NY) -- The opening bell rings this morning after stocks closed sharply lower Thursday on Wall Street. Stocks were lower for much of the day with Dow Jones Industrial Average being down more than 500 points at times. At the closing bell, the Dow lost 427 points to 42-579. The S&P 500 dropped by 104 points to 57-38. The Nasdaq fell by 483 points to 18-069.
>>Jobs Report Looms After Unemployment Numbers Fell More Than Expected
(Washington, DC) -- The always closely watched monthly jobs report will be out this morning. Most analysts believe it will show anywhere from 160 to 170-thousand jobs added in February, versus the 143-thousand reported the month prior. Today's report follows yesterday's release of weekly jobless claims. The number of Americans filing for unemployment benefits fell more than projected last week. Initial claims dropped by 21-thousand to 221-thousand for the week that ended March 1st. That was below projections of 235-thousand.
>>Trump Signs EO TO Delay Actions, Canada
(Washington, DC) -- President Trump says there will be an almost one month tariff delay on most products from Canada and Mexico. Trump signed an executive order on Thursday that delays tariffs on all goods under the United States-Mexico-Canada Agreement. The USMCA makes the three North American nations a free trade zone. The tariffs are delayed to April 2nd. It comes after the President put an exemption on auto tariffs from the two countries on Wednesday.
>>White House Crypto Summit Follows Announcement Of Strategic Bitcoin Reserve
(Undated) -- The first ever White House Crypto Summit is scheduled to take place today. The event comes the day after President Trump signed an executive order creating a Strategic Bitcoin Reserve and a stockpile of other digital assets. The order does not include plans for the government to buy Bitcoin. The reserve instead would be capitalized by Bitcoin confiscated as part of criminal or civil forfeiture proceedings. The move did little to boost Bitcoin which fell as much as six-percent following the announcement.
>>Report: Rising Egg Prices Partially Due To Price Gouging
(Washington, DC) -- A new report says rising egg prices are soaring because companies are price gouging customers. According to data from the United States Department of Agriculture, egg prices nearly doubled in the last six weeks. A dozen costs on average about eight-dollars. The rise in prices has largely been blamed on bird flu. However, the watchdog report from Food And Water Watch says that bird flu has "slightly reduced" egg production, but "corporate greed has also played a major role."
>>Walgreens Going Private
(Deerfield, IL) -- Walgreens is going private after almost a century as a publicly traded company. The pharmacy chain is being bought up by private equity firm Sycamore Partners in a deal worth nearly 24-billion-dollars. This comes as the company has lost nearly 80 percent of its market cap and some 10 percent of their locations have closed.
