TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and the closing of an iconic Las Vegas hotel.
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00:00I'm Conway Gittins reporting from the New York Stock Exchange.
00:02Here's what we're watching on the street today.
00:04It was a tough day for tech investors.
00:07The Nasdaq plunged 512 points, that index's worst day of the year.
00:13Investors were spooked by separate reported warnings from President Joe Biden and Republican
00:18frontrunner Donald Trump, likely to cause trouble for chipmakers doing business with
00:22China and Taiwan.
00:24Meanwhile, the Dow set a record closing high as earnings season moves along.
00:28Netflix and Domino's Pizza will both release quarterly results on Thursday.
00:33In other news, Las Vegas is losing an iconic piece of its history.
00:37The Mirage Hotel and Casino is shutting its doors after 34 years.
00:42High rollers had one final chance to try lady luck during the week-long send-off, with a
00:46$1.6 million cash prize on the line as part of the goodbye.
00:50When it opened back in 1989, the Mirage kicked off a grand modern era for the strip.
00:57It was the first to have a sidewalk attention-getter, the Volcano.
01:00The Bellagio and the Venetian soon followed suit with their own splashy eye-catchers.
01:06But the property has changed hands several times in recent decades.
01:10Original owner Steve Wynn sold the Mirage to MGM Resorts in 2000, which then sold it
01:15for more than $1 billion in 2022 to Hard Rock International.
01:20It will now undergo an overhaul and reopen as Hard Rock Las Vegas in 2027.
01:26As part of the rebranding, a new 700-foot-tall hotel tower shaped like a guitar is going
01:31up, similar to the Hard Rock complex in South Florida.
01:36That'll do it for your daily briefing.
01:37From the New York Stock Exchange, I'm Conway Gittens with the Street.