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Lyft (LYFT.O) CEO: No significant weakness in consumer demand was observed in the fourth quarter.
The U.S. Federal Aviation Administration (FAA) stated that the Trump administration has resolved the aircraft certification issue with Canada.
US President Trump: Iran wants a deal, and it would be foolish not to.
The U.S. Treasury Department authorized Venezuela's state-owned oil company (PDVSA) to conduct certain activities in Venezuela.
Conflict Situation: 1. According to RIA Novosti: Russian troops have taken control of the Zalitznichny region of Zaporizhia, Ukraine. 2. Russia stated that one of the two external power lines supplying the Zaporizhia nuclear power plant has been cut off. 3. Ukrainian energy company DTEK stated that the Russian attack damaged its energy facilities in the Odessa region. Peace Negotiations: 1. Kremlin: The specific date for the next round of negotiations on the Ukraine issue has not yet been set. 2. Kremlin spokesman Peskov: There is a possibility that Russia and France can quickly establish a high-level dialogue. 3. EU High Representative for Foreign Affairs and Security Policy Kalas said on Tuesday that a list of concessions demanded from Russia will be drafted as part of resolving the conflict in Ukraine. Other Situations: 1. US Treasury Secretary Bessenter: Optimistic about the situation in Russia and Ukraine. 2. Zelensky signed a presidential decree allowing contract-based military service for personnel over 60 years of age. 3. US Trade Representative Greer: India has begun to gradually reduce its energy purchases from Russia. 4. Kremlin: Russian President Putin and the South African President discussed the Ukraine issue.
The API crude oil inventory data for the week ending February 6 will be released in ten minutes.
February 11th - According to the Wall Street Journal, Trump administration officials have discussed whether to seize more oil tankers carrying Iranian oil to further pressure Tehran. However, due to concerns about a near-certain Iranian retaliation and its impact on the global oil market, US officials stated that no action has been taken yet. If the US takes action to prevent other sanctioned vessels from loading oil in Iran, it will squeeze Tehran's main source of revenue. This move would expand the White House's aggressive strategy implemented in the Caribbean last December. However, some officials say that this option, as one of several ways the White House is pressuring Tehran to reach an agreement limiting its nuclear program, faces numerous obstacles, with seizures even being seen as an act of war. In response to the escalating US strikes, Iran is likely to retaliate by seizing oil tankers belonging to US allies in the region, or even laying mines in the Strait of Hormuz. Either move could cause a sharp rise in oil prices and risk a political storm for the White House.
The Dow Jones Industrial Average rose 52.27 points, or 0.10%, to close at 50,188.14 on Tuesday, February 10; the S&P 500 fell 23.02 points, or 0.33%, to close at 6,941.80; and the Nasdaq Composite fell 136.20 points, or 0.59%, to close at 23,102.47.
According to the Wall Street Journal, the United States will send 200 soldiers to assist Nigeria in its fight against militants.
February 11th - U.S. stocks closed Tuesday with the Dow Jones Industrial Average up 0.1%, the S&P 500 down 0.3%, and the Nasdaq Composite down 0.59%. Nvidia (NVDA.O) fell nearly 1%, S&P Global (SPGI.N) fell nearly 10%, Intel (INTC.O) fell 6%, and Western Digital (WDC.O) fell 8.1%. The Nasdaq China Golden Dragon Index rose 0.87%, Alibaba (BABA.N) rose 2%, and Dingdong Maicai (DDL.N) rose 7%.
On February 11, two Democratic governors—Wes Moore of Maryland and Jared Polis of Colorado—announced that they had been removed from invitations to a White House dinner. The dinner was part of the National Governors Association's winter meeting, a bipartisan organization of 50 governors from across the country, originally scheduled to take place in Washington, D.C., from February 19-21. White House Press Secretary Levitt defended the event, stating, "This is the people's house, and it's the president's house, so he can invite whoever he wants to the White House for dinners and events." The annual governors' gathering is a rare bipartisan event in Washington, D.C., but Trump's decision to exclude Democrats from certain events has thrown the meeting into disarray. The National Governors Association stated that it will not assist in holding formal meetings at the presidential residence unless all governors are invited. On Tuesday, 18 Democratic governors also announced they would boycott dinners with Trump.
February 11 – A Boeing (BA.N) executive stated at a conference north of Seattle that Boeing plans to increase monthly production of its core 737 family of aircraft to 63 aircraft within the next few years. Katie Ringgold, Boeing's 737 program manager, said Tuesday at the Pacific Northwest Airlines Conference that the company has installed tooling to support the new 737 final assembly line in a traditional wide-body aircraft factory and is recruiting mechanics and engineers, preparing to begin production by mid-year. She indicated that production of the narrow-body aircraft should increase by approximately 15% over the next 18 months. Maintaining a steady recovery in 737 production is crucial for Boeing to turn around its financial situation and repay its debts; the aircraft is a key source of revenue for Boeing.
Sources say Total Energy has acquired 100% ownership of the Zeeland refinery, which was previously co-owned by Russia's Lukoil.
According to Punchbowl: U.S. Treasury Secretary Bessent has postponed his meeting with Republican finance lawmakers.
Boeing executives: Boeing 737 MAX suppliers should prepare for a 15% rate increase within the next 18 months.
NATO Secretary General Rutte: I spoke with South Korean President Lee Jae-myung today. We are deepening dialogue and cooperation, including in the defense industry.
According to a PBS reporter, US President Trump will travel to Fort Bragg on Friday to meet with the special operations team that carried out the operation in Venezuela and captured Maduro.
The governor of Oaxaca, Mexico, said an explosion at a Petromica oil pipeline in Oaxaca state has killed three people and injured six.
February 11th - According to foreign media reports, the European Parliament is close to approving a trade agreement with the United States after several senior members agreed to make several amendments to the agreement before a vote this month. Members of the European Parliament's Trade Committee confirmed on Tuesday that a vote on the agreement will be held on February 24th. They also agreed to include a "sunset clause" in the agreement—which, unless extended, will expire in March 2028—giving the United States six months to reduce its current 50% tariffs on steel and aluminum products. If the United States fails to reduce tariffs on related products to 15%, the EU will consider reinstating tariffs on US industrial goods and some agricultural and food products. Sources say that major political groups, including the center-right European People's Party and the Socialist and Democratic Party, support these amendments.
Sources say that Stellar (STLA.N) is seeking to exit its battery joint venture with Samsung as losses in the electric vehicle sector worsen.
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