00:06 Speaker A
It’s time for Yahoo Finance’s Market Minute.
00:08 Speaker A
Three-bound in US stocks is holding as crypto rises and risk on sentiment remains on Wall Street.
00:14 Speaker A
Meanwhile, President Trump says he plans to announce a new Fed chair early next year.
00:18 Speaker A
The president made the remarks stating during a cabinet meeting at the White House.
00:21 Speaker A
Treasury Secretary Scott Bessem, who has been overseeing the selection process, previously said the pick could come around Christmas.
00:29 Speaker A
And shares of American Bitcoin are plunging today.
00:31 Speaker A
The crypto firm co-founded by Eric Trump saw its share price half in less than 30 minutes in early trading.
00:37 Speaker A
The decline triggered multiple trading halts for the stock and comes amid a broader sell off in digital assets.
00:43 Speaker A
And shares of Instacart are sliding after Amazon announced plans for ultra fast delivery.
00:48 Speaker A
The test program will offer 30-minute delivery beginning in Philadelphia and Seattle as its test markets.
00:54 Speaker A
And that’s your Yahoo Finance Market Minute.
00:56 Speaker A
For more on what’s trending on Yahoo Finance, scan the QR code below to track the best and worst performing stocks of the trading session.