TheStreet’s Conway Gittens brings the latest business headlines from the floor of the New York Stock Exchange as markets open for trading Monday, June 17.
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Full Video Transcript Below:
CONWAY GITTENS: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today.
Stocks are kicking off a holiday-shortened trading week after the S&P 500 and the Nasdaq both crossed records, clinching another straight winning week. Investors are gearing up for the lighter week with retail sales data Tuesday and jobless claims on Thursday.
In other news, the U.S. Surgeon General has demanded Congress put a label on social media apps that warns they pose a threat to children. Dr. Vivek Murthy believes apps like Instagram, Facebook, and TikTok should come with warnings that state they could be damaging to a child’s mental health.
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In an op-ed in the New York Times, Murthy asserted that “A surgeon general’s warning label, which requires congressional action, would regularly remind parents and adolescents that social media has not been proved safe.” However, the Surgeon General acknowledged that a warning label would not fix the issue.
Murthy urged schools to become phone-free environments, and called for families to make an effort to ditch the phones at dinner time. He also suggested parents limit their children’s social media use until they complete middle school.
Several states, including Arkansas, California, Florida, Louisiana, and Montana have passed legislation that puts age limits on certain social media apps or when children can begin using specific features.
That’ll do it for your daily briefing. From the New York Stock Exchange, I’m Conway Gittens with TheStreet.
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