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Public.com presents the rundown, your daily market update in under 10 minutes. My name is Zadod Mani, and Today is Tuesday, March 10th. In today's episode, we'll take a look at why oil prices are coming down. We'll also explain the Ticketmaster antitrust settlement and why the company might still get broken up. Then stick around to the end of the show to learn more about Amazon's Robo taxi expansion. We got a great show for you today. Let's go. Well, the markets had an epic comeback to start the week. Both The S P 500 and Nasdaq opened Monday, down about 1.5% as investors were still reacting to the chaos in the oil markets. But as the day went on, buyers stepped in and stocks ripped higher into the close. By the market close, The S P 500 finished up 0.8% and the Nasdaq jumped 1.4%. That turnaround marked one of the biggest intraday reversals we've seen in, in nearly a year. And a big reason for that comeback was oil prices finally cooled off. In fact, it was a pretty dramatic reversal. At one point, crude oil briefly surged to around $119 a barrel, which sparked fears that energy prices could spiral out of control. But then prices started suddenly pulling back and oil is now trading around the mid-80s range. The sell off in oil yesterday was sparked by comments from President Trump, who told reporters that the conflict involving Iran was, was very complete. Pretty much that's a direct quote right there. Markets interpreted that as a signal that the worst of the oil supply disruption might be over, that oil tankers would start sailing through the Strait of Hormuz again. In fact, there were reports that a few tankers actually made it through the strait, which is a positive development and likely led to the oil prices selling off. You know, at this point, the price of oil is basically dictating the direction of the stock market right now. When oil spikes, investors worry about inflation and economic slowdown and higher costs for businesses. But then when oil pulls back, it's like a pressure valve releasing across the entire market. And right now, the market is being pretty optimistic about the situation. Personally, I still think there's a lot of uncertainty, so we might be in for a volatile stretch in the markets over the next couple days. I can't imagine what oil traders are going through right now seeing oil trade like a meme stock over the last 24 hours. I mean, that is not normal. So in the near term, I think every headline about the war, the straight up Hormuz or a Potential ceasefire is going to move stocks. We're staying on top of it all, so make sure you guys are subscribed to the podcast and tuning in every day to stay in the loop. Foreign let's run through some headlines, starting with Live Nation. Live Nation is the parent company of Ticketmaster and they have reached a tentative settlement with the Department of Justice in a high profile antitrust case. This is a lawsuit that the government filed back in May of 2024. They accused live Nation of running an illegal monopoly across the live music industry. The government said that Live Nation was pressuring venues into exclusive Ticketmaster deals and threatening to pull concerts from arenas that used rival ticketing company and also drive up prices for fans. Just to give you a sense of how dominant the company is, Live Nation put on 55,000 events last year. They sold 646 million tickets and they pulled in $25 billion in revenue. That is more revenue than Spotify and Universal Music groups. All in all, TicketMaster controls about 80% of ticketing at major concert venues in the U.S. so at one point the DOJ was even pushing for a breakup of Live Nation and Ticketmaster altogether, which merged back in 2010 with the government' approval. Well, that breakup is not happening. Instead, the company settled. Under this settlement, Live Nation will allow venues to use multiple ticket providers instead of being locked into Ticketmaster exclusively. On top of that, some of the exclusive venue agreements that Ticketmaster has will be unwound or limited. Ticketmaster is also capping service fees at 15%, and they're paying around $280 million in civil penalties as part of the settlement. Now, this deal still needs to get approval from the court and from several states that were also part of the lawsuit. And some state attorney generals are already saying this deal doesn't go far enough. These attorney generals want a full breakup and not a slap on the wrist. So Live Nation and Ticketmaster are not completely out of the woods yet. Also, they're facing a separate investigation by the FTC into ticket resale practices. Now, Live Nation stock was up like 5% on Monday following the settlement news, but I wouldn't be surprised if the stock gives that back. You know, there's still a lot of regulatory uncertainty here. Personally, I would love it if we had cheaper ticket prices and I wouldn't have to pay 25, 30% on random fees just to buy a concert ticket. Let's shift gears and talk about SpaceX. The SpaceX IPO is right around the corner, and according to a report from Reuters, the company is targeting a valuation of around $1.75 trillion, which would be the biggest IPO ever. Now, according to the same report from Reuters, SpaceX is leaning towards listing its shares on the Nasdaq exchange, but as the condition of listing, they want early inclusion in the NASDAQ 100 index, which includes companies like Apple, Nvidia and Amaz. This would be pretty unusual because normally newly public companies have to wait up to a year before they can join a major index. But Nasdaq is proposing a new rule that would allow mega cap IPOs like SpaceX to enter the index in just a few weeks if they're large enough. And that's a big deal because once a company gets added to a major index, every index fund that tracks it has to automatically buy the stock. That means a massive wave of institutional money flowing in automatically, which could be a boost to the stock price and that could help SpaceX avoid the classic post IPO hype sell off that we've seen with other high profile IPOs. So yeah, the anticipation for the SpaceX IPO is building. They're targeting a June IPO, so I'm sure we're going to be talking a lot more about it as we get closer to the debut. Let's talk about some stocks making moves today. Shares of Rivian are moving higher this morning after the EV maker got an upgrade from TD Cohen. This upgrade is largely about the company's next vehicle, the Rivian R2, which is expected to launch this summer. The R2 is a smaller, more affordable electric SUV with a starting price of around $45,000, which is a huge discount from Rivian's current flagship SUV, the R1S, that starts at closer to $80,000. TD Cohen thinks this lower price point will be a big boost for the company. They're projecting long term demand of 212, 000 to 335, 000 units for the R2. To put that in perspective, R delivered about 42,000 vehicles in total in all of 2025. So if these numbers are even close to being right, it would be a big boost for the company. Cohen slapped a $20 price target on the stock, which is about 25% upside from where it closed yesterday. As of right now, Rivian shares are up more than 5% this morning and trading around $16 a share. Now on the flip side, Kohl's is getting hammered this morning after the retailer reported yet another quarter of falling sales. Comparable sales dropped 2.8% in the fourth quarter, worse than the 1.5% decline that Wall street was expecting. And that marks 16 straight quarters of year over year decline for Kohl's. I mean, that is wild when you think about it. The company hasn't grown revenue in four plus years. Now, net income and earnings did beat estimates, but investors don't care about profits when the top line keeps shrinking. And look, the outlook isn't getting much better. Kohl's expect sales in 2026 to be either down 2% to flat. So that's not very encouraging. The reality is people just aren't shopping at Kohl's anymore, myself included. And I think with more and more people working from home, there's just less demand for people to buy the generic dress shirts that Kohl's is known for. That's why the stock has lost more than 75% of its value in the past five years. And shares are down more than 8% this morning in reaction to the earnings. Actually, quick correction. I just checked Kohl's stock again. It was down like 8% this morning and now it's up like 5% at the Open. So I guess someone came in and bought the dip. Let's wrap the show with a fun fact. Amazon's robo taxi service, Zoox, is expanding to Phoenix and Dallas. Zeux currently only operates in San Francisco, in Las Vegas, but they're expanding quickly. They're now testing in 10 different cities. The reason they pick Dallas and Phoenix is pretty interesting. They want to test their sensors and batteries against extreme heat. Then you add in the dust and the wide open, sprawling highways. It's a very different environment from the tight city streets of San Francisco. Now, during the testing phase, they're going to be sending out a small fleet of retrofitted Toyota Highlanders with a safety driver behind the wheel to map the roads. Once that's done, they'll bring in their custom built Robo taxis, which look way different than a Waymo. By the way, these Zoox cars don't have a steering wheel or anything. It's literally a box on four wheels. You know, Zoox doesn't get the same level of buzz as a Waymo or a Tesla does. Amazon bought the company for $1.3 billion back in 2020, and they've served more than 300,000 riders since launching in Las Vegas and San Francisco. Now, to be fair, that's a fraction of the 20 million that Waymo has done. But Amazon is expanding quickly. In fact, they're building a massive factory in the Bay Area that could eventually pump out 10,000 robo taxis a year. So the robo taxi wars are heating up and I think that Amazon could be a sleeping giant here. Well, all right, guys, that's the rundown for today. I hope you guys enjoyed today's episode. If you did and you have like five extra seconds, consider giving us a five star rating on Apple, Spotify, YouTube, wherever you listen to your podcast. And if you are listening on Spotify, don't forget to vote in today's Spotify poll. Leave us a comment on Spotify. All that engagement really does help us out and it helps other people find the show. Thank you guys so much for listening, watching, and commenting. Shout out to Mike and Connor for all the work behind the scenes and we'll see you guys back here tomorrow.