-Stock futures are lower after both the S&P 500 and the Nasdaq posted losses for last week, while the Dow eked out a small gain. Investors are bearish this morning as interest rates continue to rise.
-The yield on the 10-year Treasury bond is up to 1.37 percent, with the 2-year yield 127 basis points behind at 0.10 percent.
-Gold is up to the $1,794 per ounce level. Silver is higher, but still at the $27 per ounce level.
-Bitcoin is at the $53,500 level after surging as high as the $57,000 level over the weekend.
-Asian markets closed mostly lower today, led by a 1.5 percent decline for Shanghai's Shenzhen composite. Hong Kong's Hang Seng index fell 1.1 percent, while Japan's Nikkei gained 0.5 percent.
-U.S. crude prices are up and at the $59 a barrel level.
-Gasoline prices are up to $2.63 a gallon, national average.
BOEING 777 FEARS
-United Airlines is temporarily removing 24 of its Boeing 777 jets from service after United Flight 328 bound for Honolulu made an emergency landing at Denver International Airport shortly after takeoff on Saturday afternoon after its right engine failed. United shares are up slightly in the premarket, Boeing shares are down 4 percent and that's playing a key role in dragging stock futures down this morning.
-U.K. Prime Minister Boris Johnson is set to announce later today how and when lockdown restrictions will start to be lifted in England.
-Britain’s GlaxoSmithKline and France’s Sanofi have started a new clinical trial of their protein-based COVID-19 vaccine candidate. GSK shares are up slightly in London market trading, Sanofi shares are down slightly in Paris market trading.
-The Biden administration says it's adjusting the Paycheck Protection Program (PPP) to focus more on smaller businesses and minority-owned businesses.
-Tesla has made roughly $1 billion in paper profits from its investment into bitcoin, according to Daniel Ives, analyst at Wedbush Securities estimated. The company is “on a trajectory to make more from its Bitcoin investments than profits from selling its electric vehicles in all of 2020,” Ives said in a note published Saturday. But Tesla shares are down 3 percent in the premarket.
-China's foreign minister is calling for the U.S. to remove all tariffs and trade restrictions on Chinese goods.
COMING FOR KOHL'S
-A group of activist investment firms have nominated nine new members of the department store's board and are also asking Kohl’s to consider a sale-leaseback of some of its more than $7 billion in non-core real estate. Kohl's shares are up 6 percent in the premarket on the news.
-M&T Bank is buying People's United Financial in a $7 billion deal. M&T Bank shares are down 1 percent in the premarket, People's United shares are halted on the news, but were up 8 percent before premarket trading in those shares was halted.
-Porsche is the latest auto company to issue a warning about the global computer chip shortage and the production disruptions its likely to cause this year.