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February 4, 2025

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Trading is being affected by the scare of a trade war. With new tariffs being placed on Mexico, Canada and China, the market fell heavily on Friday. The same was occurring this morning, but then the tariff on Mexico was delayed by one month which helped the market breathe a sigh of relief that maybe these tariffs won’t be sticky. The market was still lower, but recovered much of its losses.

The trading room began with the DP Signal Tables giving viewers a sense of where the market currently is. Carl reviewed the charts and also covered major asset classes like the Dollar, Gold and Bitcoin.

After reviewing the market, Carl gave us his opinion on the Magnificent Seven stocks in the short and intermediate terms. Definitely a mixed bag today.

Erin took over and gave us a thorough review of Sector Rotation with a deep dive into the Energy and Consumer Discretionary sectors.

She had plenty of time to review symbol requests at the end of the program and covered many stocks including PLTR, PLNT, IBM and NVDA.

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01:09 DP Signal Tables

03:50 Market Overview

14:40 Magnificent Seven

23:29 Sector Rotation

31:37 Symbol Requests


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A female swimmer has died in a shark attack in the waters off a popular tourist spot on Australia’s east coast, authorities said.

Emergency crews were called to the Woorim Beach at Bribie Island, about 80 kms (50 miles) north of Brisbane around 5 p.m. local time on Monday following reports of a serious shark bite incident, Queensland state police said on Monday.

“The female was swimming when she was bitten by a shark … the female sustained life-threatening injuries and succumbed to those injuries,” a police spokesperson said in an email.

Police did not disclose the age of the victim though Australian media widely reported the victim was a 17-year-old girl.

Christopher Potter, a resident, said the beach is frequently used by swimming groups through the day.

“It’s known there are a lot of sharks around Bribie, but this close to shore, it’s still a shock,” he told Australian public broadcaster ABC News.

This post appeared first on cnn.com

As cities across the country vie for the next Women’s National Basketball Association team, the league quietly filed a trademark application this week for the name “Detroit Shock.”

The filing, dated Thursday, notes the intended use is for a basketball team, merchandise, jerseys and in-arena signage that could appear on TV or radio broadcasts. It could offer clues into the league’s ultimate decision for the location of a new franchise.

On Friday, Detroit Pistons owner Tom Gores submitted a bid for the Motor City to host a new team. The ownership group would be led by Gores and also includes Detroit Lions principal owner and chair Sheila Ford Hamp; former Detroit Pistons stars Grant Hill and Chris Webber; General Motors CEO Mary Barra; and Detroit Lions quarterback Jared Goff.

“Detroit is a sports town that loves its teams deeply and consistently shows up with unwavering passion,” Gores said in a statement.

The WNBA and Detroit Pistons did not immediately respond to CNBC’s request for comment on the trademark application.

The new trademark application by the WNBA is the only submission from the professional women’s basketball league since early December, according to Josh Gerben, a trademark attorney at Gerben IP, who is not involved with the specific filing.

Unlike other professional sports leagues where individual teams own their own trademark filings, the WNBA holds the rights to all names and logos for the league’s franchises, according to Gerben.

“Circumstantial evidence would be that [Detroit’s] is a winning bid and they’re very much planning on getting this going to have filed that trademark application,” Gerben told CNBC.

However, Gerben said the filing could also be a way for the league to protect itself against “squatters” or others trying to use the name.

Another trademark application was filed for the “Detroit Shock” by an individual named Ryan Reed in July 2023, but that trademark has yet to be approved. A person with the same name, purportedly based in Detroit, identifies as the founder of a women’s basketball league on LinkedIn.

Plenette Pierson (#23) of the Detroit Shock celebrates after winning game three of the WNBA Finals against the San Antonio Silver Star on Oct. 5, 2008.David Dow / NBAE via Getty Images file

The Detroit Shock were a WNBA team based in Auburn Hills, Michigan, from 1998 to 2009. The team won three WNBA Championships in 2003, 2006 and 2008. In 2009, the franchise moved to Tulsa, Oklahoma, where they played until 2015. Today, they play in Arlington, Texas, as the Dallas Wings.

WNBA Commissioner Cathy Engelbert said at the WNBA Finals in October that at least 10 cities had expressed interest in launching an expansion team.

“We’re not in a huge rush. We’d like to bring it in ’27 or no later than ’28,” Engelbert said at the time in regard to adding a 16th team.

Cleveland, Kansas City, Philadelphia, St. Louis, Houston, Austin, Nashville and Milwaukee are among the locations seeking to bring women’s professional basketball to their cities.

This post appeared first on NBC NEWS