Here are the most important news, trends and analyzes that investors need to start their trading day:
1. The Dow will rise after a strong job report on Friday
New York Stock Exchange traders.
Source: NYSE
2. Yellen will put pressure on the global minimum corporate tax
Treasury Secretary Janet Yellen attends an economic briefing with US President Joe Biden in the Roosevelt Chamber of the White House in Washington, March 5, 2021.
Tom Brenner | Reuters
Treasury Secretary Janet Yellen will call for a minimum tax for corporations around the world on Monday morning in an effort to prevent companies from moving to find lower rates. “We are working with the G20 nations to agree on a global minimum corporate tax rate that can stop the race to the end,” Yellen will say at a conference of the Chicago Council on Global Affairs, according to a CNBC-confirmed Axios report. The comments come as President Joe Biden seeks to raise the U.S. corporate tax rate as a way to pay for a $ 2 trillion infrastructure improvement plan.
3. The GOP’s opposition to Biden’s infrastructure plan is aligned
Senator Roy Blunt (R-MO) asked questions during a joint Senate hearing on internal security and government affairs and Senate rules and administration to discuss the January 6 attack on the March 3, 2021 U.S. Capitol in Washington, DC.
Greg Nash | Getty Images
Republican Sen. Roy Blunt of Missouri on Sunday urged the president to reduce his infrastructure plan to about $ 615 billion and focus on rebuilding physical infrastructure, such as roads and bridges. The fourth GOP senator claimed in “Fox News Sunday” that only 30% of Biden’s proposal focuses on traditional infrastructure. Blunt said the price cut would allow the White House to pass the bill through both houses of Congress. Senate Minority Leader Mitch McConnell, R-Ky., Said last week that the $ 2 trillion package would not receive Republican support.
4. GameStop tanks in stock sales plan; Tesla jumps on record deliveries
A man is talking on the phone in front of GameStop on 6th Avenue on February 25, 2021 in New York.
John Smith | Corbis News | Getty Images
GameStop fell 13% in Monday’s premarket after announcing plans to sell up to 3.5 million shares as video game retailer tries to take advantage of stock market growth following a Reddit-driven trading frenzy earlier this year. GameStop said it will use the revenue to accelerate the transition of its business model to e-commerce. GameStop closed at $ 191 a share on Thursday. It traded up to $ 483 at the end of January. Prior to Reddit trading, the shares started the year below $ 20.
A Tesla logo on an S model is photographed inside a Tesla dealership in New York.
Lucas Jackson | Reuters
Tesla shares rose more than 7% in the premarket after the electric vehicle maker said it delivered nearly 185,000 vehicles in the first quarter on Friday. This is a record for the company led by Elon Musk and over estimates for 168,000 deliveries. All vehicles produced in this quarter were Model 3 sedans and Model Y crossover SUVs. Tesla did not produce any of the more expensive Model S sedans and Model X SUVs. However, it delivered 2,020 Model S and Model vehicles. X from inventory.
5. The US puts J&J in charge of the plant that beat the Covid vaccine
Exterior view of the Emergent BioSolutions plant on April 1, 2021 in Baltimore, Maryland. At this Baltimore lab, 15 million doses of Johnson & Johnson vaccine have been destroyed, which will delay shipments of the vaccine to the United States.
Tasos Katopodis | Getty Images
The United States has put Johnson & Johnson in charge of the emerging BioSolutions plant, which destroyed 15 million doses of the single-shot Covid vaccine, a health official said on Saturday. The government has also banned AstraZeneca from using the facility. Emerging BioSolutions workers at the plant have mixed ingredients for J&J and AstraZeneca vaccines, according to The New York Times. AstraZeneca, whose vaccine has not been approved in the United States, has said it will work with the Biden administration to find another production site.
– The Associated Press and Reuters contributed to this report. Get the latest pandemic news with CNBC’s coronavirus blog.