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Here are five things to know for Monday, April 22:
1. – Equity futures slide as oil prices climb
US equity futures fell on Monday, as investors were not participating in the Easter holiday, as the State Department was preparing to announce that the United States would impose sanctions on any country refusing to stop importing Iranian oil.
The Dow Jones Industrial Average contracts fell by 81 points, the S & P 500 futures contracts by 9.15 and the Nasdaq futures dropped by 33.25 points.
West Texas Intermediate Crude Oil, the US benchmark, rose 2.3% to $ 65.55 a barrel after the Washington Post announced that Secretary of State Mike Pompeo would announce Monday that, starting on May 2, the State Department will no longer grant sanctions exemptions to any country. "who is currently importing Iranian oil or condensate." The European benchmark for Brent crude rose 2.5% to 73.74 dollars a barrel.
Iran is one of the world's largest oil producers, pumping around 4.5 million barrels a day in 2018, according to the US Energy Information Administration. But its production is much lower than that of the United States, Saudi Arabia and Russia. The United States, for example, produced nearly 11 million b / d in the same year, followed closely by Russia and Saudi Arabia.
2. – Whirlpool and Halliburton winnings released Monday
3. – Tesla will discuss his autonomous future
Tesla (TSLA – Get Report) will demonstrate its autonomous driving capabilities at an event held Monday.
The electric vehicle manufacturer and its CEO, Elon Musk, are expected to talk about the future of the company's autonomous driving system, highlighting its capabilities, setting an aggressive deployment schedule and evoking the driving and driving potential. autonomous driving sharing.
While autonomous driving has According to TheStreet's Bret Kenwell, the fully self-sufficient, upgraded Level 5 capabilities across the country will not be visible anytime soon. This does not mean that some of the features and capabilities that Tesla spoke about on Monday will not materialize, but at the very least, it may not be timely for some investors. Musk has already talked about the price of Tesla's autonomous driving features increasing substantially in the future and said that it believes The purchase of a Tesla will result in a capital gain rather than a depreciation.
The event, which will take place at Tesla's headquarters in Palo Alto, California, will begin at 2 pm AND, and intervenes two days before the company publishes its quarterly results.
Meanwhile, Tesla announced Friday its intention to reduce its board of directors from seven to eleven, which the company said would allow the board to act faster and more effectively.
The four outgoing directors do not leave because of a disagreement with the company.
The council has been scrutinized more closely since August, when Musk tweeted that he had announced funding and was considering privatizing Tesla at $ 420 per share. This did not happen and the regulators accused Musk of securities fraud.
4. – The Boeing plant in South Carolina plagued by "poor quality production" – Report
A Boeing (BA – Get Report) plant in South Carolina that makes the 787 Dreamliner is suffering from poor production and poor surveillance that has threatened to compromise safety, a report released this weekend in the US New York Times.
A review by the Times of hundreds of pages of internal emails, corporate documents and federal records, as well as interviews with more than a dozen employees and former employees "reveals a culture that often values the speed of production in relation to quality, his work force to quickly transform Dreamliners, sometimes ignoring the issues raised by employees ", says the report.
According to the Times, Qatar Airways has stopped accepting planes from the factory after the manufacture of damaged aircraft and delays in delivery, while workers have filed nearly a dozen whistleblower claims and complaints. Federal regulators, describing problems such as "defective manufacturing, debris left on aircraft and pressure not to denounce violations," reported the Times. Others sued Boeing, saying they had been retaliated for reporting manufacturing errors, the newspaper said.
The Times report arrives when Boeing deals with the grounding of his 737 MAX workhorse after two fatal accidents.
A team of international experts will meet next week to review the Boeing (BA – Get Report) 737 MAX to verify the fixes of the aircraft 's automated flight system.
The civil aviation authorities of nine countries and international bodies – including Australia, China, Japan and the European Union – have confirmed their participation in the so-called technical review of the common authorities Boeing 737 MAX, according to the Federal Aviation Administration. Earlier in April, the FAA created the assessment team composed of participants from NASA, the FAA and other authorities. It is chaired by Chris Hart, a former chief of the National Transportation Safety Board.
5. – CBD burgers are successful at Carl & Jr. in Denver
The burgers at CBD's Carl & # 39; s Jr. were a smashing success on Saturday, April 20 (or 420 – the International Stoner's Day).
According to Alex McConnell, district manager of Carl's Jr., Denver's restaurant hosting promotion "had a complete parking lot (and) of people waiting in the driving department" just before it opened at 6 hours, reports a report from Leafly.
"As soon as we opened the doors, we had about 30 people online and about 10 deep cars (in the driving department), so we took the lead, that's for sure," he said. told Leafly.
The store reportedly sold 102 hamburgers during the first hour of promotion and about 274-9 hours.
The Rocky Mountain High: CheeseBurger Delight was sold for $ 4.20, with a limit of two per customer.
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