economy
Bitcoin's rough week, Amazon's plunge, Super Bowl ads and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
TL;DR
- U.S.-listed shares of Stellantis dropped over 25% due to a significant business overhaul hit.
- Stock futures rose, signaling a potential rebound after a day of losses across major indexes.
- Software stocks continued to drag the tech sector, with major indexes and Bitcoin experiencing sharp declines.
- Amazon's shares fell over 8% despite beating revenue expectations, due to a $200 billion capital expenditure plan.
- President Donald Trump launched TrumpRx, a platform aimed at lowering prescription drug prices in the U.S.
- Bob's Discount Furniture had a stable debut on the New York Stock Exchange.
- Peloton shares plunged over 25% after weak earnings, and Estée Lauder tumbled due to tariff impacts.
- OpenAI CEO Sam Altman criticized Anthropic's Super Bowl ad campaign as deceptive.