DOJ reportedly to sue Visa over debit card monopoly

Visa is facing an antitrust lawsuit from the Department of Justice, which claims the company has monopolized the U.S. debit card market by making exclusive contracts that stifle competition. LifeWay Foods' stock surged after Danan proposed to buy the shares it doesn't own for $25 each, intensifying market interest. Meanwhile, Boeing's latest contract offer to its largest union was rejected as it lacked sufficient discussion and negotiation input, despite offering a significant pay hike and bonuses. The union members were informed that this offer would not be voted on, demonstrating ongoing tensions between Boeing and its workforce, highlighting labor issues in the aerospace industry. These events illustrate important movements in key sectors, showcasing both regulatory challenges and corporate maneuvers in the market.

Boeing workers are striking due to unresolved issues with the IAM District 751, who say the company's deadline for voting is too soon. With financial pressures mounting, like losing health insurance and final paychecks, workers are facing tough decisions. Meanwhile, notable corporate events, including shareholder meetings and earnings reports, signal busy market activity. AutoZone has an upcoming earnings call that may impact its share price significantly. In global markets, indices are mostly rising with the Dow and S&P showing positive futures. However, Hawaiian Electric's stock has hit a rough patch, dropping 11 percent after a new share offering. These developments indicate a complex blend of worker struggles and corporate movements influencing market trends today.

Today, several important economic indicators and discussions are taking place. At 9 a.m., we will hear from Fed member Michelle Bowman, sharing insights on the economy and monetary policy. Alongside, the FHFA House Price Index will be released, giving us a view of housing prices. In the afternoon at 1 p.m., updates on money supply will be provided, which are crucial for understanding the financial landscape. Additionally, feedback from the audience is being sought on how to effectively reduce the US budget deficit, with a significant portion advocating for broad spending cuts. Another topic of interest is the comparison between cryptocurrency and gold as investment options. Engaging with these issues can help shape perspectives on financial planning and economic stability. Don’t forget to participate in the sentiment survey to share your views!