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5 things to know before opening on Friday, March 11th

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

1. The future jumps in line with expectations for Russia-Ukraine talks

Traders on the NYSE, March 8, 2022.

Source: NYSE

Dow futures rose about 200 points on Friday or about 0.6%. S&P and Nasdaq futures rose roughly 0.8% and 1%, respectively, with Russia and Ukraine hoping to move forward in ceasefire talks. Before 6:30 a.m., Reuters sent a short bulletin quoting Russian President Vladimir Putin, saying there were “some positive developments” in the talks. However, the gains of these futures were blurred by some earlier. The 10-year Treasury yield was about 2%. The price of U.S. oil was about $ 106 per barrel.

2. Russia launches military offensive in Ukraine, troops approaching Kiev

Firefighters are pouring water into a shoe factory destroyed on March 11, 2022 in an air raid on the Dnipro.

Emre Caylak | AFP | Getty Images

As investors try to gauge the veracity of Putin’s reported comments, Russia launched its military offensive in Ukraine on Friday, for the first time near the country’s western airports. New satellite images show that a large Russian convoy approaching Kiev has been diverted to towns and forests outside the city, indicating a new impetus to the Ukrainian capital. Anger has erupted after a maternity hospital in the main city of Mariupol, Ukraine, was hit by a deadly airstrike.

3. The US and its allies may overrule Russia’s best trade situation

U.S. President Joe Biden is holding a virtual meeting with business and state governors to discuss supply chain issues, especially semiconductor chips, on the White House campus in Washington on March 9, 2022.

Jonathan Ernst | Reuters

In the third week of the invasion, the US and its allies were ready to step up their efforts to isolate and punish Russia. According to media reports, President Joe Biden on Friday, along with the European Union and the G-7, will work to get rid of Russia’s best trade situation. The removal of Russia’s favorite national status paves the way for the United States and its allies to impose tariffs on many Russian goods. Biden on Tuesday imposed a ban on energy imports from Russia.

4. Friday marks 2 years since the Covid pandemic was declared

Laboratory technicians test U.S. wastewater samples for coronavirus disease (COVID-19) at Biobot Analytics in Cambridge, Massachusetts, on February 22, 2022.

Allison Afaria | Reuters

Friday marks two years since the Covid pandemic was declared on March 11, 2020. Since the new coronavirus was discovered in China in 2019, there have been more than 450 million infections and more than 6 million deaths, more than 15% of each. In the US, according to data from Johns Hopkins University. Although the raging wave of Omicron cases has subsided and more than 250 million people in the U.S. have received at least one dose of the Covid vaccine, according to the CDC, health officials have warned Americans not to comply.

5. Ford, PG&E partner to power homes on the F-150 electric grid

The Ford F-150 Lightning full electric truck will be augmented in a reality show at the Motor Bella Auto Show in Pontiac, Michigan on Tuesday, September 21, 2021.

Emily Elconin | Bloomberg | Getty Images

Ford will partner with Pacific Gas and Electric Co. of California to evaluate the two-way charging capacity of the F-150 Lightning Electric, powering homes and returning power to the grid. Ford CEO Jim Farley and PG&E CEO Patti Poppe announced their plans Thursday night at the CERAWeek energy conference in Texas.

  • The announcement comes two days after Poppe announced a pilot program with General Motors to enable its electric vehicles to power a home in the event of a power outage or grid failure.

– CNBC reporters Maggie Fitzgerald, Samantha Subin, Hannah Miao, Vicky McKeever, Holly Ellyatt and Michael Wayland contributed to this report. The Associated Press and Reuters also did.

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5 things to know before opening on Friday, March 11th

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