Thread by @6THsenseDAO

Good morning and happy Friday, everyone! Stock futures were lower early Friday morning as investors focus their attention on key employment data due out later in the day with the May jobs report due out at 8:30 a.m. ET. The pace of job growth is expected to have slowed in May,

but economists say the labor market remains strong, even as parts of the economy have weakened. Stocks are coming off a strong session where the major averages rose for the first time in three sessions, putting them on pace for a green week.

General News:
• Russia's invasion of Ukraine hits its 100th day and Russia is starting military drills in the Pacific involving some 40 ships and 20 aircraft.
• Elsewhere, the oil-producer alliance OPEC+ has agreed to boost crude output faster than expected in July and

August to temper the global price spikes brought on by Russia’s invasion of Ukraine and the ensuing sanctions on Russian oil.
• Tesla shares fell 4% in the premarket after Reuters reported that CEO Elon Musk wants to cut 10% of jobs at the car maker.

• Ford Motor Co. announced it would be investing $3.7 billion in assembly plants in Michigan, Ohio, and Missouri for the production of both electric and gasoline-powered vehicles.
• Walmart announced plans to build four new fulfillment centers that use automation to pack and

ship online orders more efficiently, with the first location opening this summer in Illinois. For customers, the new warehouses will mean next-day or two-day delivery could be more common for items including cereal and T-shirts.

• Two weeks after announcing that it was pausing hiring, Coinbase said it’s extending the freeze for the “foreseeable future.” Coinbase has lost more than 70% of its value this year as turmoil in the economy and a plunge in cryptocurrencies led to a decline in users.

• Frontier Airlines’ parent announced it would pay a $250 million reverse breakup fee to Spirit Airlines if regulators don’t approve the planned combination of the two discount carriers for antitrust reasons.

StockTwits Top 10 Trending Tickers of the Day:
1. TSLA
2. IPOF
3. MU

4. STNE
5. VGX
6. OKTA
7. AMZN
8. LULU
9. CRWD
10. ASTS

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