Morning Brief
Stock futures moves, Middle East, Tesla robotaxi
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Pfizer (PFE) shares are higher this morning following a Wall Street Journal report that activist investment firm Starboard Value has taken a $1 billion stake in the pharmaceutical company. Starboard has reportedly approached two former executives to help with their efforts.
Stock futures (ES=F, NQ=F, YM=F) are sliding Monday morning following Friday's market rally fueled by the September jobs report, while Treasury yields (^TYX, ^TNX, ^FVX) inch higher.
Oil prices (CL=F, BZ=F) rise as tensions in the Middle East escalate. Today marks the one-year anniversary of Hamas' attack on Israel on October 7, 2023.
Tesla (TSLA) CEO Elon Musk will unveil details about the EV maker's robotaxi plans at an event on Thursday, October 10.
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