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Grind for March 9th
First sip
?Every strike brings me closer to the next home run.? - Babe Ruth
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Triggered
*The Headline*
Stocks Slammed, Market Circuit-Breakers Triggered, Trading Halted
*The Grind*
Stock trading was briefly halted shortly after the market opened on
Monday after the S&P 500 declined sharply, triggering an automatic
15-minute "circuit-breaker" that kicks in when the index falls by 7
percent. The 7 percent threshold was passed about four minutes after
the opening bell Monday, halting trading until 9:49 am. Shortly after
stocks resumed trading, the S&P, Dow Jones Industrial Average, and the
Nasdaq Composite were all down by around 6 percent, indicating a small
bounce for stocks from the level that halted trading.
*The Details*
Futures on the big equities index hit trading curbs on Sunday night
and early Monday morning when they fell below 5 percent of Friday's
close. Stock trading circuit-breakers are thresholds that trigger
trading halts when stocks fall below certain levels. A Level 1 halt,
triggered four-minutes after the open Monday, occurs when the S&P 500
drops by 7 percent before 3:25 p.m. Trading is halted for 15 minutes.
A Level 2 halt, which halts trading for an additional 15 minutes, is
triggered if stocks fall by an additional 6 percent, a 13 percent
overall decline, from the prior close before 3:25 p.m. Read more...
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Endorsements
*The Headline*
Jesse Jackson Endorses Bernie Sanders In Michigan
*The Grind*
Civil rightser Rev. Jesse Jackson is feeling the Bern and endorsed the
socialist senator on Sunday. In a statement, Jackson hailed Sen.
Bernie Sanders (I-VT) for being the candidate that will forge the
"most progressive" path, arguing that the "moderate" path will leave
people behind. Jackson also made a point of noting that frontrunner
former Vice President Joe Biden never reached out to him for his
endorsement, while Sanders did. "With the exception of Native
Americans, African Americans are the people who are most behind
socially and economically in the United States and our needs are not
moderate," said Jackson, as reported by CNN. "A people far behind
cannot catch up choosing the most moderate path.
*The Details*
The most progressive social and economic path gives us the best chance
to catch up and Senator Bernie Sanders represents the most progressive
path. That's why I choose to endorse him today." "The Biden campaign
has not reached out to me or asked for my support," he added. "The
Sanders campaign has, and they responded to the issues I raised."
According to CNN, Sanders pledged to Jackson that he would push a
constitutional amendment supporting a wealth tax, allocate $50 billion
to historically black colleges, and nominate an African-American woman
to the Supreme Court. Jackson most especially appreciated Sanders'
plan for a single-payer health care system. Read more...
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Good to the last drop
If you'd like to stress-proof your day, eat blueberries for breakfast.
Blueberries help fight stress and reduce anxiety.
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