The Market In 5 Minutes

IN THE NEWS

BENZINGA

The Federal Reserve delivered the interest rate hike the markets were expecting on Wednesday: Link

What rate exactly is the Federal Reserve changing and what type of direct impact does it have? Link

THE WALL STREET JOURNAL

President Donald Trump will call for sharp cuts to spending on foreign aid, the arts, environmental protection and public broadcasting to pay for a bigger military and a more secure border in a fiscal 2018 budget blueprint set for release Thursday: Link

Russian government spies were behind Yahoo! Inc. YHOO's notorious 2014 security breach, stealing information about more than a half billion online accounts, including those used by U.S. military officials and by employees of firms in banking, finance and transportation, federal authorities said Wednesday: Link

REUTERS

Tesla Inc TSLA said on Wednesday it expects to raise about $1.15 billion from a stock and senior notes offering, an infusion of needed capital as the electric car maker enters pre-production of its upcoming Model 3 electric sedan: Link

A letter exploded when it was opened at the offices in central Paris of the International Monetary Fund (IMF) on Thursday and one person was slightly injured, police sources said: Link

BLOOMBERG

There was only one dissent from Wednesday's rate-raising decision by the Federal Reserve's monetary policy committee, and it came from Neel Kashkari. The former aerospace engineer and onetime Republican candidate for governor of California is now president of the Federal Reserve Bank of Minneapolis: Link

Inside the vicious patent fight over self-driving technology: Link

NY POST

Bill Ackman may have sold his stake in Valeant Pharmaceuticals Intl Inc VRX but he can’t kick the habit as lawsuits continue: Link

ECONOMIC DATA

• Initial Jobless Claims for Mar 10 241.0K vs 240.0K estimate; Continuing Claims for Mar 3 2.03M vs 2.05M estimate.
• Building Permits for Feb 1.21M vs 1.26M consensus estimate; Housing Starts for Feb 1.29M vs 1.27M consensus estimate.
• The Labor Department's JOLTS report for January will be released at 10:00 a.m. ET.
• The Energy Information Administration’s weekly report on natural gas stocks is schedule for release at 10:30 a.m. ET.
• Data on money supply for the recent week will be released at 4:30 p.m. ET.

ANALYST RATINGS

• Citigroup upgraded GoPro GPRO from Sell to Neutral
• Evercore ISI Group upgraded Delta Air Lines DAL from In-Line to Outperform
• JMP Securities upgraded Oracle ORCL from Market Underperform to Market Perform
• Morgan Stanley downgraded Biogen BIIB from Overweight to Equal-Weight
• William Blair downgraded Williams-Sonoma WSM from Outperform to Market Perform
• Evercore ISI downgraded United Continental UAL from Outperform to In-Line

This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here or email minutes@benzinga.com.