**Market Pulse**
The US Department of Justice has hinted at a possible breakup of Google’s units, including Chrome and Android, as a remedy for antitrust violations. In a recent filing, the DOJ suggested that structural changes could be necessary to prevent Google from abusing its market dominance. The tech giant has pushed back, arguing that such a move would be overly broad and harmful to its business.
Meanwhile, Boeing has withdrawn its latest offer to striking workers, citing a lack of progress in negotiations. The union is seeking a 40% pay raise over four years, as well as the reinstatement of a defined-benefit pension plan. Boeing has offered a 30% raise plus a performance bonus, but the union has rejected this proposal.
In other news, the iconic Tropicana resort on the Las Vegas Strip is set to be demolished tonight to make way for a new $1.5 billion baseball stadium. The Oakland A’s are expected to move to Las Vegas in 2028, and the stadium will be part of a larger entertainment complex developed in partnership with Bally’s Corporation.
**Market Watch**
As of 6 am, Dow, S&P, and Nasdaq futures are all in the red. Crude oil is up 0.8% at $74 per barrel, while Bitcoin has fallen 0.6% to $62,000. In global markets, the FTSE 100 is up 0.4%, while the DAX is flat. The Shanghai Composite suffered a sharp decline, snapping a ten-day winning streak.
**Economic Calendar**
Today’s schedule includes a speech by Dallas Federal Reserve Bank President Lorie Logan on the current state of the economy, as well as the release of FOMC minutes. San Francisco Federal Reserve Bank President Mary Daly will also participate in a moderated conversation on monetary policy and the economic outlook.
**Company News**
Illumina will hold an innovation technology event, while Costco is set to release its September sales report postmarket. Other notable events include Myriad Genetics’ investor meeting, Alkermes’ review of its orexin portfolio, and Globalstar’s tech talk event at MWC Las Vegas.
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