The Market In 5 Minutes: Ford Upgrade, Google To Ban Crypto Ads, Bezos And Amazon

IN THE NEWS

Experts expect an influx in autonomous vehicles in 2020, but the lane change may take longer for cargo carriers: Link

The list of notable departures from the White House grew Tuesday after President Donald Trump ousted Secretary of State Rex Tillerson: Link

Jeff Bezos founded Amazon AMZN in 1994 in his garage. From its roots as an online bookstore it has grown to be an empire valued at roughly $770 billion, behind only Apple AAPL and Alphabet GOOGL in the U.S.: Link $

Walmart Inc. WMT will offer home delivery of groceries in 100 cities by the end of the year and launch same-day delivery in New York City, adopting a costly model it previously resisted as Amazon, Kroger KR and Target TGT invest in similar services: Link $

Congress wants to accelerate a shake-up of one firm’s dominance over the credit scores used to vet many U.S. mortgages: Link $

Google said it will ban advertisements for cryptocurrencies and related content starting in June: Link

Wall Street’s main regulator has a new worry in its race to keep tabs on the cryptocurrency craze: hedge funds: Link

ECONOMIC DATA

• US MBA mortgage applications w.e. 9 March +0.9% vs +0.3% prior
• USA PPI (MoM) for Feb 0.20% vs 0.10% Est; Prior 0.40%
• Core PPI (YoY) for Feb 2.50% vs 2.50% Est; Prior 2.20%
• Core Retail Sales (MoM) for Feb 0.20% vs 0.30% Est; Prior 0.00%
• The Energy Information Administration’s weekly report on petroleum inventories is schedule for release at 10:30 a.m. ET.

ANALYST RATINGS

• Morgan Stanley upgraded Ford F from Underweight to Overweight
• Jefferies upgraded Oceaneering OII from Underperform to Hold
• Vertical Group downgraded Cleveland-Cliffs CLF from Hold to Sell

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.