00:00 Speaker A
It’s time for Yahoo! Finance’s market minute. US stocks turning higher in what has been a volatile week for markets, investors weighing trade tensions and tumbling consumer sentiment. Five Below shares under pressure as the retailer asks vendors not to accept cargo waiting to be shipped out of China, that’s according to a memo viewed by Bloomberg. It’s unclear from that memo if the message went out to all vendors or a subset. Lucid Group is set to acquire select Arizona-based facilities and assets previously belonging to Nicola. The transaction is subject to approval by the US Bankruptcy Court. And Verizon is getting a lift as Evercore ISI upgrades the stock from inline to outperform, the firm listing lifting its price target to $48 from $44, noting Verizon’s fiber efforts are not getting enough credit in the markets relative to peers. And that’s your Yahoo! Finance market minute for more on what’s trending, scan the QR code below.