Skip to content Skip to footer
Indices in wall street are lower today after news of a AT&T and Discovery merger

U.S Indices react to AT&T Merger, Elon’s Bitcoin Tweets & FTSE 100 falls

U.S. Indices lower as AT&T confirms $43 billion merger

Indices in the United States were lower to start the trading week despite the news that AT&T and Discovery had agreed to a merger.

AT&T announced that it will be merging Warner Media with Discovery in a deal said to be worth $43 billion.

AT&T announced that it will be merging Warner Media with Discovery in a deal said to be worth $43 billion.

The deal comes 3-years after telecom giant AT&T acquired Time Warner and comes in a bid to compete with streaming services such as Netflix and Disney+.

Discovery stock were up as much as 9% earlier in today’s session. It then traded down 4.53%, whilst AT&T was trading 0.57% lower at the time of writing.

All major U.S. indices were lower as of writing.

Elon tweets send Bitcoin lower

Elon Musk was once again making cryptocurrency related headlines, with his tweets over the weekend “blamed” for sending Bitcoin lower.

Bitcoin prices fell to its lowest level since February. As the Tesla founder tweeted, “indeed”, in response to claims by a Twitter user that. “Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of their #Bitcoin holdings”.

BTCUSD fell to an intraday low of $42,092, after trading as high as $57,953 only on Friday.

This is the third time in the last week Musk has made headlines for influencing crypto prices, after contributing to recent rallies in Dogecoin.

As of writing, BTCUSD was trading around the $42,300 level. Musk has since tweeted that, “To clarify speculation, Tesla has not sold any Bitcoin”.

FTSE 100 falls despite UK lockdown easing

The FTSE 100 in the UK finished today’s session in the red, despite the government pushing forward with further easing of lockdown restrictions.

May 17th marked the first day that people in the United Kingdom from different households are able to gather indoors for social events.

Visits to galleries, cinemas as well as indoor dining are now allowed, whilst international travel for countries on the UK’s “green list” is also now possible.

Despite this, the London based FTSE 100 fell by 0.15% as some concerns over India’s COVID-19 variant unsettled markets.

As of writing close to 68% of Adults in the UK have received their first shot of the COVID vaccine.

Quote of the day – “Sheer will and determination is no substitute for something that actually works.”

– Jason Klatt

Tradeview Ltd. is not a portfolio manager or an investment advisor. This Market Report is for informational purposes only. Any statements made or opinions voiced in this Market Report do not constitute investment advice. The Tradeview Ltd. Market Report does not constitute a solicitation to buy or sell in the financial markets. Although the information contained in the Market Report comes from trusted sources, Tradeview Ltd. is not responsible for guaranteeing the accuracy, timeliness, completeness, or fitness of such sources. Tradeview Ltd. shall not be responsible for and disclaims all liability for any losses which may be suffered from access and use of the contents of the Tradeview Ltd. Market Report. Trading any financial instrument on margin, using leverage or otherwise involves considerable risk. Therefore, before deciding to participate in any style of trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consulting with your investment counselor, attorney, accountant or other professional upon whom you rely for guidance as to the appropriateness of an investment in any style of trading is recommended.

Tradeview Ltd.

Is licensed to carry on securities investment business and is regulated by the Cayman Islands Monetary Authority (CIMA) as a full securities broker-dealer. Tradeview conducts business pursuant to the Cayman Islands Securities Investment Business Law (SIBL) and its activities fall under the direct supervision of the Investments and Securities Division of CIMA.
Headquarters: 5th Floor Anderson Square, 64 Shedden Road, Georgetown, Grand Cayman, Cayman Islands KY1-1002, BWI.

TVM Global Ltd.

Is licensed and regulated by the Labuan Financial Services Authority (FSA) as a Money Broker, registration number LL15870 licensed to facilitate transactions in foreign exchange pursuant to Labuan Financial Services and Securities Act 2010, the Labuan Companies Act 1990 and the Labuan Business Activity Tax Act 1990.
Headquarters: International Business Financial Centre at Office 5, Jamie Business Center I, Unit F10, First Floor, Paragon Labuan, Jalan Mustapha, 87000 Labuan F.T.

Tradeview Europe Ltd.

Is licensed as a Category 2 Investment Service Company and is regulated by the Malta Financial Services Authority (MFSA). The Malta Financial Services Authority (MFSA) is the single regulator for financial services in Malta. MFSA is a fully autonomous public institution and reports to Parliament on an annual basis. The MFSA is a member of the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the International Organization of Securities Commissions (IOSCO) and is a signatory of the Multilateral Memorandum of Understanding with other European regulatory Institutions. Tradeview is authorized to provide financial services across multiple asset classes and is passported in the EU/EEA under MiFID II (EU Markets in Financial Instruments Directive).
Headquarters: 157 Archbishops Street, Valletta VLT Malta 1440.

Tradeview Financial Markets S.A.C.

Is authorized to conduct business pursuant to and in compliance with the General Law of Companies (LGS) promulgated by the government of Peru. Tradeview Financial Markets S.A.C is registered with the National Superintendence of Public Registries (SUNARP), company number 13089531. Tradeview Financial Markets S.A.C provides financial services in selected OTC derivative markets in compliance with all applicable government regulations.
Headquarters: Los Mirtos 239 Urb. San Eugenio, Lince, Lima, Perú.