**__ Diplomatt’s Daily Digest – February 8, 2022__**
Good morning and happy Tuesday, everyone! U.S. stock index futures were just above the flatline in morning trading as the market awaits key inflation data later this week. Wall Street is on edge, watching how the Federal Reserve will react to the intensifying price pressures. Bank of America on Monday reiterated its call for the Fed to hike rates 1.75 percentage points, or seven times, this year to head off inflation pressures which rising rages have accelerated. Treasury yields hit fresh pandemic-era highs Monday and rose again Tuesday. The benchmark 10-year Treasury note most recently yielded 1.93%, a level not seen since January 2020. It seems that U.S. stocks will struggle for direction until the latest inflation tilts the market’s expectations of how aggressive the Fed will tighten into what is still deemed an overvalued stock market. Earnings season continues Tuesday with Pfizer, Harley-Davidson, Lyft, Chipotle, and Yum China, all set to post quarterly results.

Quote of the week: „Do not be embarrassed by your failures, learn from them and start again.“ – Richard Branson

**General News:**
• In a new intelligence report, Russia could seize Kyiv in just a matter of days, cause 50,000 civilian casualties, and lead 5 million people to likely flee if Russia invades.
• Oil and gas giant BP reported a massive upswing in full-year net profit, its highest in eight years, supported by soaring commodity prices. The British energy major posted underlying replacement cost profit, used as a proxy for net profit, of $12.8 billion for 2021.
• Peloton CEO John Foley will step down and be replaced by Barry McCarthy, the former chief financial officer of Spotify and Netflix.
• Under pressure to hit fourth-quarter sales goals while coping with widespread semiconductor shortages, Tesla decided to remove one of the two electronic control units normally included in the steering racks of some made-in-China Model 3 and Model Y cars.
• Meta has said it is considering shutting down Facebook and Instagram in Europe if it can’t keep transferring user data back to the U.S, which would be difficult under a potential new EU regulation.
• Pfizer projects it will generate record-high revenue in 2022, announcing it expects to sell $32 billion of its Covid-19 shots and $22 billion of its antiviral coronavirus treatment pill Paxlovid this year.
• The stock price of the blank-check company that has partnered with ex-President Donald Trump’s social media firm plunged Monday in late-day trading as news of the delay in the app’s launch spread on Twitter.
• California’s civil rights agency has informed Tesla that it has grounds to file a civil complaint against the automaker following an investigation into „undisclosed allegations of race discrimination and harassment at unspecified Tesla locations“ in the state.

**StockTwits Top 10 Trending Tickers of the Day:**
2. FB
10. NVCT

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