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2021-03-25

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United Air Deepens Bet on Leisure Flights That Bypass Big Hubs

2021-03-25

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19:23","market":"us","language":"en","title":"United Air Deepens Bet on Leisure Flights That Bypass Big Hubs","url":"https://stock-news.laohu8.com/highlight/detail?id=1144474276","media":"Bloomberg","summary":"Midwest cities get service to South Carolina, Florida, Maine\nPassengers are looking to avoid the mos","content":"<ul>\n <li>Midwest cities get service to South Carolina, Florida, Maine</li>\n <li>Passengers are looking to avoid the most congested airports</li>\n</ul>\n<p>United Airlines Holdings Inc.&nbsp;will expand domestic flights that bypass its hub airports, bucking the traditional network strategy of big U.S. carriers and extending a push to entice more leisure travelers as demand recovers.</p>\n<p>Starting in late May, United is planning 26 nonstop flights from seven Midwestern cities to three destinations in South Carolina, one in Florida and one in Maine, according to a company statement Thursday. The new service follows the November addition of direct flights to Florida from the East and Midwest that avoided the company’s hubs in Chicago and Newark, New Jersey.</p>\n<p>The strategy reflects demand from vacationers for nonstop service that keeps them away from large, potentially congested airports amid the coronavirus pandemic, even as U.S. vaccination rates increase. Faced with a severe dearth of business-passenger and international traffic, major airlines have also revamped large parts of their networks to serve leisure travelers.</p>\n<p>The additional nonstops to Florida, which United considered an experiment, “performed extremely well for us,”Ankit Gupta, the carrier’s vice president of domestic network planning, said in an interview.</p>\n<p>With the traditionally busy summer travel season nearing, “demand is trending up, and over the past three or four weeks we’ve seen a significant uptick for passenger bookings,” he said.</p>\n<p>Despite the gains, current sales are “still nowhere close to the 2019 levels,” Gupta said.</p>\n<p>In May, United said it will operate 52% of its schedule compared with the same month in 2019, before the pandemic. The company flew 14% in May 2020 compared with the previous year. Domestically, total flights in May of this year will be 58% of the 2019 level, Chicago-based United said.</p>\n<p>Using direct flights to bypass the biggest airports goes against the traditional approach of United,Delta Air Lines Inc.&nbsp;and American Airlines Group Inc., which typically strive to channel passengers to major hubs for connecting service. In normal times, those connections -- typically processed through multiple daily “banks” of flights at such cities as Atlanta, Dallas and Denver -- provide the bulk of the big airlines’ domestic profits.</p>\n<p>United’s new nonstop service will focus heavily on Cleveland and Cincinnati, which is a former Delta hub. Other flights will serve Columbus, Ohio, as well as Indianapolis, Milwaukee, St. Louis and Pittsburgh.</p>\n<p>In South Carolina, the nonstops will fly to Charleston, Hilton Head and Myrtle Beach. Pensacola, Florida and Portland, Maine, are also getting service. Most of the new flights will be on 50-seat&nbsp;CRJ-550&nbsp;regional jets.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>United Air Deepens Bet on Leisure Flights That Bypass Big Hubs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUnited Air Deepens Bet on Leisure Flights That Bypass Big Hubs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-25 19:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://bloomberg.com/news/articles/2021-03-25/united-air-deepens-bet-on-leisure-flights-that-bypass-big-hubs?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Midwest cities get service to South Carolina, Florida, Maine\nPassengers are looking to avoid the most congested airports\n\nUnited Airlines Holdings Inc. will expand domestic flights that bypass its hub...</p>\n\n<a href=\"http://bloomberg.com/news/articles/2021-03-25/united-air-deepens-bet-on-leisure-flights-that-bypass-big-hubs?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UAL":"联合大陆航空"},"source_url":"http://bloomberg.com/news/articles/2021-03-25/united-air-deepens-bet-on-leisure-flights-that-bypass-big-hubs?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144474276","content_text":"Midwest cities get service to South Carolina, Florida, Maine\nPassengers are looking to avoid the most congested airports\n\nUnited Airlines Holdings Inc. will expand domestic flights that bypass its hub airports, bucking the traditional network strategy of big U.S. carriers and extending a push to entice more leisure travelers as demand recovers.\nStarting in late May, United is planning 26 nonstop flights from seven Midwestern cities to three destinations in South Carolina, one in Florida and one in Maine, according to a company statement Thursday. The new service follows the November addition of direct flights to Florida from the East and Midwest that avoided the company’s hubs in Chicago and Newark, New Jersey.\nThe strategy reflects demand from vacationers for nonstop service that keeps them away from large, potentially congested airports amid the coronavirus pandemic, even as U.S. vaccination rates increase. Faced with a severe dearth of business-passenger and international traffic, major airlines have also revamped large parts of their networks to serve leisure travelers.\nThe additional nonstops to Florida, which United considered an experiment, “performed extremely well for us,”Ankit Gupta, the carrier’s vice president of domestic network planning, said in an interview.\nWith the traditionally busy summer travel season nearing, “demand is trending up, and over the past three or four weeks we’ve seen a significant uptick for passenger bookings,” he said.\nDespite the gains, current sales are “still nowhere close to the 2019 levels,” Gupta said.\nIn May, United said it will operate 52% of its schedule compared with the same month in 2019, before the pandemic. The company flew 14% in May 2020 compared with the previous year. Domestically, total flights in May of this year will be 58% of the 2019 level, Chicago-based United said.\nUsing direct flights to bypass the biggest airports goes against the traditional approach of United,Delta Air Lines Inc. and American Airlines Group Inc., which typically strive to channel passengers to major hubs for connecting service. In normal times, those connections -- typically processed through multiple daily “banks” of flights at such cities as Atlanta, Dallas and Denver -- provide the bulk of the big airlines’ domestic profits.\nUnited’s new nonstop service will focus heavily on Cleveland and Cincinnati, which is a former Delta hub. Other flights will serve Columbus, Ohio, as well as Indianapolis, Milwaukee, St. Louis and Pittsburgh.\nIn South Carolina, the nonstops will fly to Charleston, Hilton Head and Myrtle Beach. Pensacola, Florida and Portland, Maine, are also getting service. Most of the new flights will be on 50-seat CRJ-550 regional jets.","news_type":1},"isVote":1,"tweetType":1,"viewCount":338,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358828295,"gmtCreate":1616680779617,"gmtModify":1704797363602,"author":{"id":"3570363586223528","authorId":"3570363586223528","name":"AhHuaaaaaat","avatar":"https://static.tigerbbs.com/cd31bcf4f685b15c9598e816848e7fcf","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570363586223528","authorIdStr":"3570363586223528"},"themes":[],"htmlText":"Hello","listText":"Hello","text":"Hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/358828295","repostId":"1142620967","repostType":4,"isVote":1,"tweetType":1,"viewCount":225,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":358824565,"gmtCreate":1616681033057,"gmtModify":1704797369583,"author":{"id":"3570363586223528","authorId":"3570363586223528","name":"AhHuaaaaaat","avatar":"https://static.tigerbbs.com/cd31bcf4f685b15c9598e816848e7fcf","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570363586223528","authorIdStr":"3570363586223528"},"themes":[],"htmlText":"Good..","listText":"Good..","text":"Good..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/358824565","repostId":"1144474276","repostType":4,"isVote":1,"tweetType":1,"viewCount":338,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358828295,"gmtCreate":1616680779617,"gmtModify":1704797363602,"author":{"id":"3570363586223528","authorId":"3570363586223528","name":"AhHuaaaaaat","avatar":"https://static.tigerbbs.com/cd31bcf4f685b15c9598e816848e7fcf","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570363586223528","authorIdStr":"3570363586223528"},"themes":[],"htmlText":"Hello","listText":"Hello","text":"Hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/358828295","repostId":"1142620967","repostType":4,"repost":{"id":"1142620967","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1616675149,"share":"https://ttm.financial/m/news/1142620967?lang=&edition=fundamental","pubTime":"2021-03-25 20:25","market":"us","language":"en","title":"Toplines Before US Market Open on Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1142620967","media":"Tiger Newspress","summary":"U.S. Futures traded lowerTreasury yields steady as focus turns to seven-year auctionCrude volatile a","content":"<ul><li>U.S. Futures traded lower</li></ul><ul><li>Treasury yields steady as focus turns to seven-year auction</li></ul><ul><li>Crude volatile amid efforts to move ship blocking Suez Canal</li></ul><p>U.S. equity futures traded lower, erasing earlier gains, as investors weighed Washington’s assessment of a recovery in the world’s largest economy. Oil turned lower after a rally spurred by the&nbsp;blockage of&nbsp;the Suez Canal fizzled.</p><p>At 8:10 a.m. ET, Dow e-minis were down 108 points, or 0.33%, S&amp;P 500 e-minis were down 14.25 points, or 0.37%, and Nasdaq 100 e-minis were down 57.5 points, or 0.45%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c44c139c40f7aa949a40a7fb269e8d5f\" tg-width=\"1080\" tg-height=\"380\" referrerpolicy=\"no-referrer\"><span>*Source FromTiger Trade, EST 08:10</span></p><p>In the premarket, Nike Inc. lost 4% as the company risked a boycott in China over its practice of not sourcing cotton from the contentious Xinjiang region.</p><p>Federal Reserve Chairman&nbsp;Jerome Powell&nbsp;said that Covid economic stimulus and vaccinations allowed the U.S. economy to recover faster than expected and that central bankers, at some point,may be able to pull backemergency support.</p><p>The Labor Department’s weekly jobless claims report, the most timely indicator of economic health, is expected to show claims fell to 730,000 in the week ended March 20 from 770,000 in the previous week.</p><p><b>Stocks making the biggest moves in the premarket:</b></p><p><b>EV Stocks&nbsp;(Tesla,Nio,Xpeng Motors and Li Auto)</b>&nbsp;&nbsp;EV Stocks&nbsp;Stocks underperformed,The shares&nbsp;of&nbsp;Xpeng Motors&nbsp;fell&nbsp;6%,Nio&nbsp;fell&nbsp;5%,Li Auto&nbsp;fell&nbsp;4%&nbsp;and&nbsp;Tesla&nbsp;fell&nbsp;3.6%&nbsp;in premarket trading.</p><p><b>Hot Chinese concept stocks&nbsp;(Alibaba,Pinduoduo,JD.COM,Baidu)</b>&nbsp;As&nbsp;<a href=\"https://laohu8.com/NW/1140740478\" target=\"_blank\">U.S. SEC begins roll-out of law aimed at delisting Chinese firms</a>,Hot Chinese concept stocksgenerally fell,The shares&nbsp;of&nbsp;Alibaba&nbsp;fell&nbsp;2.5%,Pinduoduo&nbsp;fell&nbsp;3.4%,JD.COM&nbsp;fell&nbsp;3%&nbsp;and&nbsp;Baidu&nbsp;fell&nbsp;6%&nbsp;in premarket trading.</p><p><b>Nike&nbsp;(NKE)</b> – Nike is the target of criticism on Chinese social media for a statement in which the athletic footwear and apparel maker said it was “concerned” about reports of forced labor in Xinjiang. Nike also said it does not source products from the region. The shares fell 4.5% in premarket trading.</p><p><b>Royal Philips&nbsp;(PHG) </b>– The health technology company struck a deal to sell its Domestic Appliances unit to investment firm Hillhouse Capital for about $4.4 billion. The transaction includes the right for Hillhouse to use the Philips brand name for 15 years, with the possibility of renewal. Philips shares added 1.6% in the premarket.</p><p><b>ViacomCBS&nbsp;(VIAC) </b>– The media company’s stock remains on watch after a more than 30% tumble over the past two sessions. That followed the company’s announcement that it would raise $3 billion through stock sales. It fell another 5.7% in the premarket.</p><p><b>Rite Aid&nbsp;(RAD)</b> – Rite Aid expects to report a loss for its just-concluded fiscal year, compared to analysts’ forecasts of a $125 million profit. The drugstore chain was hit by a 37% drop in sales of cold, cough and flu-related products, as people suffered from these maladies far less due to pandemic-related lockdowns. Rite Aid shares plunged 12.6% in premarket action.</p><p><b>Walgreens&nbsp;(WBA) </b>– The drugstore operator’s stock fell 1.5% in the premarket, possibly in sympathy with Rite Aid. Deutsche Bank also labeled the stock a “catalyst call buy idea,” noting short-term issues but saying the Covid vaccine could provide a positive opportunity for Walgreens in both the near and longer-term.</p><p><b>Darden Restaurants&nbsp;(DRI) </b>– The parent of Olive Garden and other restaurant chains&nbsp;reported quarterly earnings of 98 cents per share, well above the consensus estimate of 69 cents a share. Revenue beat estimates as well, and although same-restaurant sales tumbled 26.7% from a year ago, that was a smaller drop than the 31.2% anticipated by analysts polled by FactSet. Darden shares rose 4.9% in premarket trading.</p><p><b>Coherent&nbsp;(COHR)</b> – Coherent accepted a takeover proposal by optical components maker&nbsp;II-VI(IIVI), ending a long bidding battle between II-VI and optical fiber company&nbsp;Lumentum(LITE). Coherent – a provider of lasers and related technology – approved the bid of $220 per share in cash and 0.91 II-VI shares for each Coherent share, and will pay Lumentum a breakup fee of $217.6 million. II-VI tumbled 8% while Lumentum jumped 6.3% in the premarket.</p><p><b>RH&nbsp;(RH) </b>– RH reported quarterly earnings of $5.07 per share, beating the consensus estimate of $4.76 a share. The Restoration Hardware parent also saw revenue beat analysts’ forecasts. RH reported strong demand for its high-end furniture and other luxury products, and expects current-quarter revenue to grow by at least 50%. RH shares surged 4.7% in premarket action.</p><p><b>KB Home&nbsp;(KBH)</b> – KB Home beat estimates by 10 cents a share, with quarterly profit of $1.02 per share. The home builder’s revenue missed analysts’ projections despite a 23% rise in net orders and a 4% increase in deliveries. KB Home shares dropped 5% in premarket trading.</p><p><b>AstraZeneca&nbsp;(AZN)</b> – The drugmaker said&nbsp;an updated analysis of its Covid-19 vaccine’s U.S. trial&nbsp;showed 76% efficacy, compared to 79% in a report earlier this week. The earlier report had not included more recent infections and came under some scrutiny from an independent data monitoring board.</p><p><b>H.B. Fuller&nbsp;(FUL) </b>– H.B. Fuller reported quarterly profit of 66 cents per share, 19 cents a share above estimates. Revenue also topped Wall Street forecasts. The maker of adhesives, sealants and other industrial products saw particular strength in health and hygiene-related products, although it saw weakness in construction adhesives. Fuller shares surged 6.2% in premarket action.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toplines Before US Market Open on Thursday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nToplines Before US Market Open on Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-03-25 20:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul><li>U.S. Futures traded lower</li></ul><ul><li>Treasury yields steady as focus turns to seven-year auction</li></ul><ul><li>Crude volatile amid efforts to move ship blocking Suez Canal</li></ul><p>U.S. equity futures traded lower, erasing earlier gains, as investors weighed Washington’s assessment of a recovery in the world’s largest economy. Oil turned lower after a rally spurred by the&nbsp;blockage of&nbsp;the Suez Canal fizzled.</p><p>At 8:10 a.m. ET, Dow e-minis were down 108 points, or 0.33%, S&amp;P 500 e-minis were down 14.25 points, or 0.37%, and Nasdaq 100 e-minis were down 57.5 points, or 0.45%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c44c139c40f7aa949a40a7fb269e8d5f\" tg-width=\"1080\" tg-height=\"380\" referrerpolicy=\"no-referrer\"><span>*Source FromTiger Trade, EST 08:10</span></p><p>In the premarket, Nike Inc. lost 4% as the company risked a boycott in China over its practice of not sourcing cotton from the contentious Xinjiang region.</p><p>Federal Reserve Chairman&nbsp;Jerome Powell&nbsp;said that Covid economic stimulus and vaccinations allowed the U.S. economy to recover faster than expected and that central bankers, at some point,may be able to pull backemergency support.</p><p>The Labor Department’s weekly jobless claims report, the most timely indicator of economic health, is expected to show claims fell to 730,000 in the week ended March 20 from 770,000 in the previous week.</p><p><b>Stocks making the biggest moves in the premarket:</b></p><p><b>EV Stocks&nbsp;(Tesla,Nio,Xpeng Motors and Li Auto)</b>&nbsp;&nbsp;EV Stocks&nbsp;Stocks underperformed,The shares&nbsp;of&nbsp;Xpeng Motors&nbsp;fell&nbsp;6%,Nio&nbsp;fell&nbsp;5%,Li Auto&nbsp;fell&nbsp;4%&nbsp;and&nbsp;Tesla&nbsp;fell&nbsp;3.6%&nbsp;in premarket trading.</p><p><b>Hot Chinese concept stocks&nbsp;(Alibaba,Pinduoduo,JD.COM,Baidu)</b>&nbsp;As&nbsp;<a href=\"https://laohu8.com/NW/1140740478\" target=\"_blank\">U.S. SEC begins roll-out of law aimed at delisting Chinese firms</a>,Hot Chinese concept stocksgenerally fell,The shares&nbsp;of&nbsp;Alibaba&nbsp;fell&nbsp;2.5%,Pinduoduo&nbsp;fell&nbsp;3.4%,JD.COM&nbsp;fell&nbsp;3%&nbsp;and&nbsp;Baidu&nbsp;fell&nbsp;6%&nbsp;in premarket trading.</p><p><b>Nike&nbsp;(NKE)</b> – Nike is the target of criticism on Chinese social media for a statement in which the athletic footwear and apparel maker said it was “concerned” about reports of forced labor in Xinjiang. Nike also said it does not source products from the region. The shares fell 4.5% in premarket trading.</p><p><b>Royal Philips&nbsp;(PHG) </b>– The health technology company struck a deal to sell its Domestic Appliances unit to investment firm Hillhouse Capital for about $4.4 billion. The transaction includes the right for Hillhouse to use the Philips brand name for 15 years, with the possibility of renewal. Philips shares added 1.6% in the premarket.</p><p><b>ViacomCBS&nbsp;(VIAC) </b>– The media company’s stock remains on watch after a more than 30% tumble over the past two sessions. That followed the company’s announcement that it would raise $3 billion through stock sales. It fell another 5.7% in the premarket.</p><p><b>Rite Aid&nbsp;(RAD)</b> – Rite Aid expects to report a loss for its just-concluded fiscal year, compared to analysts’ forecasts of a $125 million profit. The drugstore chain was hit by a 37% drop in sales of cold, cough and flu-related products, as people suffered from these maladies far less due to pandemic-related lockdowns. Rite Aid shares plunged 12.6% in premarket action.</p><p><b>Walgreens&nbsp;(WBA) </b>– The drugstore operator’s stock fell 1.5% in the premarket, possibly in sympathy with Rite Aid. Deutsche Bank also labeled the stock a “catalyst call buy idea,” noting short-term issues but saying the Covid vaccine could provide a positive opportunity for Walgreens in both the near and longer-term.</p><p><b>Darden Restaurants&nbsp;(DRI) </b>– The parent of Olive Garden and other restaurant chains&nbsp;reported quarterly earnings of 98 cents per share, well above the consensus estimate of 69 cents a share. Revenue beat estimates as well, and although same-restaurant sales tumbled 26.7% from a year ago, that was a smaller drop than the 31.2% anticipated by analysts polled by FactSet. Darden shares rose 4.9% in premarket trading.</p><p><b>Coherent&nbsp;(COHR)</b> – Coherent accepted a takeover proposal by optical components maker&nbsp;II-VI(IIVI), ending a long bidding battle between II-VI and optical fiber company&nbsp;Lumentum(LITE). Coherent – a provider of lasers and related technology – approved the bid of $220 per share in cash and 0.91 II-VI shares for each Coherent share, and will pay Lumentum a breakup fee of $217.6 million. II-VI tumbled 8% while Lumentum jumped 6.3% in the premarket.</p><p><b>RH&nbsp;(RH) </b>– RH reported quarterly earnings of $5.07 per share, beating the consensus estimate of $4.76 a share. The Restoration Hardware parent also saw revenue beat analysts’ forecasts. RH reported strong demand for its high-end furniture and other luxury products, and expects current-quarter revenue to grow by at least 50%. RH shares surged 4.7% in premarket action.</p><p><b>KB Home&nbsp;(KBH)</b> – KB Home beat estimates by 10 cents a share, with quarterly profit of $1.02 per share. The home builder’s revenue missed analysts’ projections despite a 23% rise in net orders and a 4% increase in deliveries. KB Home shares dropped 5% in premarket trading.</p><p><b>AstraZeneca&nbsp;(AZN)</b> – The drugmaker said&nbsp;an updated analysis of its Covid-19 vaccine’s U.S. trial&nbsp;showed 76% efficacy, compared to 79% in a report earlier this week. The earlier report had not included more recent infections and came under some scrutiny from an independent data monitoring board.</p><p><b>H.B. Fuller&nbsp;(FUL) </b>– H.B. Fuller reported quarterly profit of 66 cents per share, 19 cents a share above estimates. Revenue also topped Wall Street forecasts. The maker of adhesives, sealants and other industrial products saw particular strength in health and hygiene-related products, although it saw weakness in construction adhesives. Fuller shares surged 6.2% in premarket action.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NKE":"耐克","JD":"京东","PDD":"拼多多","LI":"理想汽车",".SPX":"S&P 500 Index","BABA":"阿里巴巴",".IXIC":"NASDAQ Composite","BIDU":"百度","XPEV":"小鹏汽车","NIO":"蔚来","TSLA":"特斯拉",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142620967","content_text":"U.S. Futures traded lowerTreasury yields steady as focus turns to seven-year auctionCrude volatile amid efforts to move ship blocking Suez CanalU.S. equity futures traded lower, erasing earlier gains, as investors weighed Washington’s assessment of a recovery in the world’s largest economy. Oil turned lower after a rally spurred by the blockage of the Suez Canal fizzled.At 8:10 a.m. ET, Dow e-minis were down 108 points, or 0.33%, S&P 500 e-minis were down 14.25 points, or 0.37%, and Nasdaq 100 e-minis were down 57.5 points, or 0.45%.*Source FromTiger Trade, EST 08:10In the premarket, Nike Inc. lost 4% as the company risked a boycott in China over its practice of not sourcing cotton from the contentious Xinjiang region.Federal Reserve Chairman Jerome Powell said that Covid economic stimulus and vaccinations allowed the U.S. economy to recover faster than expected and that central bankers, at some point,may be able to pull backemergency support.The Labor Department’s weekly jobless claims report, the most timely indicator of economic health, is expected to show claims fell to 730,000 in the week ended March 20 from 770,000 in the previous week.Stocks making the biggest moves in the premarket:EV Stocks (Tesla,Nio,Xpeng Motors and Li Auto)  EV Stocks Stocks underperformed,The shares of Xpeng Motors fell 6%,Nio fell 5%,Li Auto fell 4% and Tesla fell 3.6% in premarket trading.Hot Chinese concept stocks (Alibaba,Pinduoduo,JD.COM,Baidu) As U.S. SEC begins roll-out of law aimed at delisting Chinese firms,Hot Chinese concept stocksgenerally fell,The shares of Alibaba fell 2.5%,Pinduoduo fell 3.4%,JD.COM fell 3% and Baidu fell 6% in premarket trading.Nike (NKE) – Nike is the target of criticism on Chinese social media for a statement in which the athletic footwear and apparel maker said it was “concerned” about reports of forced labor in Xinjiang. Nike also said it does not source products from the region. The shares fell 4.5% in premarket trading.Royal Philips (PHG) – The health technology company struck a deal to sell its Domestic Appliances unit to investment firm Hillhouse Capital for about $4.4 billion. The transaction includes the right for Hillhouse to use the Philips brand name for 15 years, with the possibility of renewal. Philips shares added 1.6% in the premarket.ViacomCBS (VIAC) – The media company’s stock remains on watch after a more than 30% tumble over the past two sessions. That followed the company’s announcement that it would raise $3 billion through stock sales. It fell another 5.7% in the premarket.Rite Aid (RAD) – Rite Aid expects to report a loss for its just-concluded fiscal year, compared to analysts’ forecasts of a $125 million profit. The drugstore chain was hit by a 37% drop in sales of cold, cough and flu-related products, as people suffered from these maladies far less due to pandemic-related lockdowns. Rite Aid shares plunged 12.6% in premarket action.Walgreens (WBA) – The drugstore operator’s stock fell 1.5% in the premarket, possibly in sympathy with Rite Aid. Deutsche Bank also labeled the stock a “catalyst call buy idea,” noting short-term issues but saying the Covid vaccine could provide a positive opportunity for Walgreens in both the near and longer-term.Darden Restaurants (DRI) – The parent of Olive Garden and other restaurant chains reported quarterly earnings of 98 cents per share, well above the consensus estimate of 69 cents a share. Revenue beat estimates as well, and although same-restaurant sales tumbled 26.7% from a year ago, that was a smaller drop than the 31.2% anticipated by analysts polled by FactSet. Darden shares rose 4.9% in premarket trading.Coherent (COHR) – Coherent accepted a takeover proposal by optical components maker II-VI(IIVI), ending a long bidding battle between II-VI and optical fiber company Lumentum(LITE). Coherent – a provider of lasers and related technology – approved the bid of $220 per share in cash and 0.91 II-VI shares for each Coherent share, and will pay Lumentum a breakup fee of $217.6 million. II-VI tumbled 8% while Lumentum jumped 6.3% in the premarket.RH (RH) – RH reported quarterly earnings of $5.07 per share, beating the consensus estimate of $4.76 a share. The Restoration Hardware parent also saw revenue beat analysts’ forecasts. RH reported strong demand for its high-end furniture and other luxury products, and expects current-quarter revenue to grow by at least 50%. RH shares surged 4.7% in premarket action.KB Home (KBH) – KB Home beat estimates by 10 cents a share, with quarterly profit of $1.02 per share. The home builder’s revenue missed analysts’ projections despite a 23% rise in net orders and a 4% increase in deliveries. KB Home shares dropped 5% in premarket trading.AstraZeneca (AZN) – The drugmaker said an updated analysis of its Covid-19 vaccine’s U.S. trial showed 76% efficacy, compared to 79% in a report earlier this week. The earlier report had not included more recent infections and came under some scrutiny from an independent data monitoring board.H.B. Fuller (FUL) – H.B. Fuller reported quarterly profit of 66 cents per share, 19 cents a share above estimates. Revenue also topped Wall Street forecasts. The maker of adhesives, sealants and other industrial products saw particular strength in health and hygiene-related products, although it saw weakness in construction adhesives. Fuller shares surged 6.2% in premarket action.","news_type":1},"isVote":1,"tweetType":1,"viewCount":225,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}