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The CBOE Volatility Index , known on Wall Street as the VIX, helps traders track when a market rally is actually unhealthy, said DataTrek co-founder Nicholas Colas. Monday's close for the VIX around 15 "is a healthy sign" for the temperature of the market as it advances, Colas wrote to clients. To put it succinctly: "Rallies built on an elevated VIX signal a bubble," he wrote. That's a lesson market participants learned, during the dot-com bubble of the mid- to late-1990s, he said. In the current bull market, dating back to the fourth quarter of 2022, however, the VIX has been largely "well behaved," Colas argued.
Persons: DataTrek, Nicholas Colas, Donald Trump, , Monday's, Colas, That's, Jessica Rabe, Trump Organizations: Research, U.S
Now, Jannik Sinner and Carlos Alcaraz are fast becoming household names and the next generation-defining rivalry. However, Sinner and Alcaraz – ranked No. Due to their rapid success, it is easy to forget that Sinner is only 23 and Alcaraz just 21. Sinner hits a shot in the semifinals of the US Open, a tournament he went on to win. Time will tell if Sinner can put that ice-cold instinct to good use at the ATP Finals and win the tournament for the first time.
Persons: Ivan Lendl, John McEnroe, Jimmy Connors, Andre Agassi, Pete Sampras dueled, Roger Federer, Rafael Nadal, Novak Djokovic, Carlos Alcaraz, Federer, Alcaraz –, Roland Garros, Alcaraz, Italy –, Nadal, ” Alcaraz, , Andy, Murray, Sinner, Frey, JC Ferrero, Juan Carlos Ferrero, , ‘ Oh, he’s, Sean M, it’s, Angela Weiss, Manchester City’s Erling Haaland, Kylian, Alex de Minaur, Taylor Fritz, Casper Ruud, Andrey Rublev Organizations: CNN, tennis, Australian, Wimbledon, ATP, CNN Sport, ATP Tour, JC, JC Ferrero Challenger, Getty, AC Milan, Manchester Locations: Turin, Italy, Flushing Meadows, China, Beijing, Shanghai, Real Madrid
Shopify's $2.16 billion revenue beat a FactSet estimate of $2.12 billion. Live Nation Entertainment — The live music and entertainment company gained 4% after posting a third-quarter earnings beat. On the other hand, revenue of $7.65 billion missed the $7.75 billion analysts had forecasted. Sea — Shares surged 1.7% after the tech company reported a third-quarter revenue beat. Mosaic — Shares slid 9% after the chemicals company reported disappointing quarterly results.
Persons: Twilio, Wells, Wells Fargo, Donald Trump's, SentinelOne, Tyson, StreetAccount, On's, FactSet, Mosaic, Clint Freeland, Luciano Siani Pires, Scott Strazik, Strazik, Donald Trump, — CNBC's Michelle Fox, Alex Harring, Hakyung Kim, Jesse Pound, Pia Singh Organizations: Entertainment, Honeywell, Elliott Management, Aerospace, Automation, IAC, Trump Media & Technology, Deutsche Bank, Tencent, Shift4 Payments, GE, Financial Locations: , Swiss
Source: NYSEThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineThe stock market is riding high on Trump's election victory. The postelection stock rally, however, is likely to stay strong for now. It's hard to go wrong following the age-old rules for investing in the stock market: Be in it for the long term, diversify and look at fundamentals like earnings and valuation.
Persons: HSI, it's, Morgan Stanley, Lisa Shalett, John Stoltzfus, Shalett, CNBC's Brian Evans, Alex Harring Organizations: New York Stock Exchange, CNBC, Dow Jones, Apple, Microsoft, Nasdaq, Dow, Republicans, Morgan, Morgan Stanley Wealth Management's, Oppenheimer Asset Management
As a hospice nurse, Julie McFadden spends her days caring for people near the ends of their lives. Specifically, McFadden says she hears these three regrets most often from her hospice patients:They wish they'd appreciated their health when they had it. "Not living the life they wanted, but living the life people around them wanted." On TikTok, where she's known as "hospice nurse Julie," her videos about the science of dying and her medical care experiences have an audience of 1.6 million followers. Just because we talk about something we fear doesn't mean the fear is going to get bigger — in fact, it usually diminishes it."
Persons: Julie McFadden, they're, " McFadden, McFadden, hadn't, aren't, who's, Julie Organizations: CNBC
In Trump’s second term, czars will reign
  + stars: | 2024-11-12 | by ( Kayla Tausche | ) edition.cnn.com   time to read: +5 min
CNN reported on Friday that Burgum was under consideration for a role as energy czar. “It’s sort of the conservative version of [the Biden administration’s senior climate advisor] John Podesta,” one of the sources said. Burgum had been in contention for a Cabinet-level position, like running the department of Interior or Energy, CNN previously reported. It also means those candidates – not burdened by a lengthy Senate confirmation process – can launch their work on day one. Alex Wong/Getty ImagesThe term “czar” has come to refer to a political appointee with a specific problem to solve.
Persons: , Doug Burgum, Donald Trump’s, Burgum, John Podesta, , ’ ”, Alex Wong, Barack Obama, Joe Biden, czars, Trump, Trump’s, Elise Stefanik, Stephen Miller, Tom Homan, Homan, , ” Trump, Robert F, Kennedy Jr, Kennedy, you’re Organizations: CNN, Trump, North, Biden, Interior, Energy, North Dakota Gov, Republican National Convention, State, Treasury, Republican, United Nations, White, Customs, Department of Homeland Security, Former ICE, Border Control, Trump Administration, Aviation Security, Truth, Locations: North Dakota, Milwaukee , Wisconsin, Guantanamo, Trump
Ashley Sankar works 10 to 12 hours per day at her day job, comes home and spends another six to eight hours trying to build her side business. On Friday's episode of ABC's "Shark Tank," some of her extra work seemingly paid off. The founder of Phoenix-based clothing startup NineteenTwenty pitched her company's attire on the show, alongside her husband and part-time COO Zach Sankar. The pair started selling clothes in December 2022, and brought in $269,000 in annual revenue last year, Zach Sankar said. "That's all we can afford," Ashley Sankar said.
Persons: Ashley Sankar, Zach Sankar, They've, they've, would've, who've, Ashley Sankar's Organizations: Phoenix, U.S . Army, Amazon Locations: NineteenTwenty
New York City Mayor Eric Adams asked a judge on Monday to set an earlier trial date in his federal corruption case next year, arguing the current date would impede Adams’ participation in his mayoral reelection campaign, according to court documents. In a letter to the court, Adams’ lawyer, Alex Spiro, requested the trial to begin weeks earlier on April 1, rather than later that month. He added that the prosecution will “cast a cloud” over Adams’ campaign until it’s resolved by a New York jury at trial. Adams pledged to fight the charges and stay on as mayor. “This was a multiyear scheme to buy favor with a single New York City politician on the rise,” U.S. Attorney Damian Williams said at a news conference in September.
Persons: Eric Adams, Adams, Alex Spiro, Spiro, , Adams’s, , Damian Williams, Adams —, , Adams “ Organizations: York City, Democratic, Mayor, New, Prosecutors Locations: York, New York, U.S, New York City, City
Trump critics fear he may enter office looking for retribution. “I’m worried that I’ll be targeted by him and a lot of people in his circle,” Troye said in an interview. And I’m concerned for my family.” One former Trump White House official who has publicly spoken against Trump described feeling “scared” and declined to let their name be used. ➡️ The NBC News Home Buyer Index shows those with tough housing markets shifted more sharply toward Trump. And take a look at the best leggings on Amazon for exercising, running errands or just lounging at home.
Persons: Adam Gray, Olivia Troye, Trump, “ I’m, I’ll, ” Troye, , , he’s, Joe Biden, Biden, Jack Smith, He’s, Read, ➡️ Trump, Tom Homan, Dave McCormick, Democratic Sen, Bob Casey, ➡️, Jim Jordan, Dariel Vasquez, we’ve, NFL Alex Slitz, Greg Rosenstein, 👑, ake B, Ari z, Flo, lou Organizations: Trump, Sunday, , Getty, Democratic, Trump White House, . Immigration, Customs, Pennsylvania Senate, NBC, ➡️, Democratic Party, Northeast New, Northeast New Jersey Department of Environmental, AP Firefighters, York Parks, New, New Jersey Forest Fire Service, NFL, Detroit Lions, Houston Texans, NBC News Sports Locations: AFP, , United States, America, Jan, Pennsylvania, Northeast New Jersey, New Jersey, Sterling Forest, New York, Passaic County , New Jersey, Philadelphia, ss the
Pennsylvania's hotly contested Senate race hangs in the balance nearly a week after Election Day, with Republicans declaring victory and Democrats holding out hope that the remaining batch of outstanding ballots will allow them to close the gap. A McCormick victory would further pad Republicans' newfound majority in the Senate, where they will hold at least 52 seats after the election. But even before the new Congress is sworn in next January, the outcome of the Pennsylvania race could have implications for the Senate leadership elections Wednesday. Pennsylvanians can cast provisional ballots when officials are unclear about their eligibility or there were issues with their returned mail-in ballots. McCormick’s campaign filed two lawsuits Friday challenging an estimated 15,000 to 20,000 provisional ballots in Philadelphia that may have issues, such as missing signatures.
Persons: Pennsylvania's, Democratic Sen, Bob Casey, Dave McCormick, McCormick, Casey, Sen, Casey's, Maddy McDaniel, Donald Trump's, Mitch McConnell, Chuck Schumer, John Thune of, Schumer, ” Sen, Tom Cotton, Alex Nguyen, Ruben Gallego, Republican Kari Lake, McCormick’s, John Fetterman, Republican Mehmet Oz, What’s, Kamala Harris Organizations: NBC News, Democratic, Associated Press, GOP, Fox News, Senate, Republicans, Arizona Democratic, Republican, NBC, U.S, Supreme, Pennsylvania, Trump Locations: Washington, Philadelphia, Pennsylvania, Kentucky, John Thune of South Dakota
S&P 500 and Nasdaq 100 futures each also ticked down about 0.1% each. Monday's action comes amid a market upswing that began following last week's presidential election won by Donald Trump. The Dow gained more than 300 points to close higher than 44,000, while the S&P 500 finished the session just over 6,000. "It's a lot of what we saw back in 2016 when Trump won the election the first time." The release of data from these inflation gauges comes after the Fed last week announced another interest rate cut.
Persons: that's, Donald Trump, Russell, Larry Tentarelli, They'll, Christopher Waller, Neel Kashkari Organizations: Dow Jones Industrial, Nasdaq, Dow, Trump, Federal, Fed, Minneapolis Fed, Home
Amazon is reportedly developing smart glasses that its delivery workers could use. Amazon has offered Echo Frames, its smart glasses for consumers with voice assistant Alexa integrated, since 2019. Sales of the latest version of Echo Frames totaled fewer than 10,000 over the past year, according to the report. Over the years, some Amazon delivery workers have said that Amazon has highly ambitious delivery targets and expects them to deliver more packages than they can during their shifts. AdvertisementAre you an Amazon delivery or retail worker?
Persons: , Amazon's, Amelia, Alexa, Brian Olsavsky, they're Organizations: Amazon, Reuters, Service Locations: Amazon
In a turnover-heavy game riddled with interceptions, the Detroit Lions overcame a slow start to win a wild “Sunday Night Football” contest. With four seconds remaining in regulation, Jake Bates kicked a 52-yard field goal to lift the Lions past the Houston Texans 26-23 at NRG Stadium. That followed a 58-yard field goal Bates made with 5:06 remaining to tie the game at 23. THE @LIONS SCORE 19 UNANSWERED POINTS TO WIN! Trailing 23-7 at halftime, the Lions scored 19 unanswered to win by three, on the road, against a quality Texans team.
Persons: Jake Bates, Bates, Jared Goff’s, Jameis Winston, JAKE BATES, Txe30d9tVp, Ka’imi Fairbairn, Houston, Joe Mixon’s, Fairbairn, Carlton Davis III, — Colton Pouncy, Goff, Dell, Dak, Alex Slitz Organizations: Detroit Lions, Lions, Houston Texans, NRG, LIONS SCORE, WIN, NFL, Texans, Stroud, Sunday’s, Detroit, Dallas Cowboys Locations: Houston, C.J, Detroit, Dak Prescott
The S & P 500 is on pace to deliver a second straight year of gains above 20%. After last week's postelection rally, the S & P 500 is now up by about 26% on the year. .SPX YTD mountain S & P 500, year to date Thatte called the market advance "exceptional," even before last week's surge to all-time highs. That means that, if history repeats itself, the S & P 500 should end 2024 above 6,000. What's more, Oppenheimer found that gain matching the median advance in those 11 years would push the S & P 500 to finish higher than 6,200.
Persons: week's, Parag, Donald Trump, Thatte, That's, Oppenheimer Organizations: Deutsche Bank
Crypto stocks — Crypto stocks extended last week's gains as investors basked in the honeymoon period between election day and inauguration day. Coinbase shares jumped 20% and were trading above $300 for the first time since 2021. Wells Fargo jumped 4%, while Bank of America and Morgan Stanley each rose more than 2%. Valley National Bank — Shares popped almost 5% after JPMorgan upgraded the New York-based regional bank to overweight from neutral. Cboe Global Markets — Shares advanced nearly 2% on the back of Deutsche Bank's upgrade to buy from hold .
Persons: Tesla, Trump, Elon Musk, Ernst & Young, MARA, Morgan Stanley —, Wells Fargo, Morgan Stanley, Donald Trump, Tom Homan —, Trump's, Cigna, RadNet, Anthony Elian, Alex Harring, Tanaya Macheel, Jesse Pound, Samantha Subin, Lisa Kailai Han, Michelle Fox Organizations: Bristol, Myers Squibb, Super, MARA Holdings, Bank of America, Geo, U.S, Immigration, Customs, Trump Media & Technology, Trump, Humana, GE HealthCare, Bank, JPMorgan, Cboe, Deutsche, Deutsche Bank Locations: Wells Fargo, York
Analysts said tariffs on cars imported from Mexico would have dire consequences for US automakers. Tesla announced in March 2023 that it was planning to build its seventh gigafactory near the industrial hub of Monterrey, Mexico. Trump vowed to clamp down on automakers building cars in Mexico on the campaign trail, and the prospect of new tariffs could force US automakers such as Tesla to make some hard choices about operational or planned factories in Mexico. Analysts told BI that the tariffs floated by Trump would deter automakers such as Tesla from investing in Mexico. Other automakers have expanded their presence in Mexico, despite the uncertainty of the election and the prospect of tariffs under a second Trump term.
Persons: Donald Trump, Elon Musk, , Tesla, Trump, It's, Donald Trump's, Alex Brandon, Musk, Sam Fiorani, Fiorani, Ford, David Whiston, Scott Olson, BYD, Stephanie Brinley, Alanis King, Brinley, Stellantis Organizations: Service, Mexico —, AP, UBS, Trump, AutoForecast Solutions, General Motors, Ford, Getty, Toyota, Tacoma, Nissan, Volkswagen, BYD, Chrysler, Street Journal, BMW, P Global, Toyota Tacoma, GM Locations: Mexico, Monterrey, Detroit, United States, Cuautitlan, Toluca, San Luis Potosí
Over the summer, Florida’s Broward County Public Schools made the decision to ban students from using cellphones and other communication devices for the entire school day. It's a particularly sensitive topic in Broward County after the 2018 Parkland shooting at Marjory Stoneman Douglas High School, which is in the district. Carline Dumoulin, a mother of two students at Broward’s Cypress Bay High School, is one of those signatories. Broward County school board member Debra Hixon was present at the meeting where the rule was approved, but had left before the vote. Last year, a video of several students fighting at West Broward High School circulated online, gaining thousands of views on X.
Persons: “ I’ve, ” Dominique Mayorga, Marjory Stoneman, Instagram, Dumoulin, Marjory Stoneman Douglas, Rhona Wise, Lori Alhadeff, Alyssa, ” Alhadeff, , Alhadeff, , Ron DeSantis, Debra Hixon, Hixon, Chris, Allen Zeman, ” Zeman, Max Schachter, Alex, ” Schachter, Marjory Stone, Leo Jimenez, Jimenez, it’s, ” Jimenez, they’re, ” Hixon, who’s, Zeman, Mayorga, Marlena, she’s, ” Marlena, there’s Organizations: Florida’s Broward County Public Schools, Parkland, Marjory Stoneman Douglas High School, High, Getty, Broward, Florida Gov, West Broward High School, National, Progress, Marjory Stone Douglas High School Public, NBC News, Cooper City High School, Broward County Schools, South Broward High School, Orange County Public Schools, Broward County Public Locations: Florida’s Broward, Broward County, Cypress, Parkland, Fla, U.S, Indiana, Ohio, California, Florida, Orange, lunchrooms
Arab and Muslim voters moved away from the Democratic Party this year in ways that led some community leaders to warn of a lasting shift from a voting bloc that has been reliably Democratic for two decades since it abandoned the GOP. Muslim voters backed Republican George W. Bush in 2000, but fled the GOP in response to the Bush administration’s post-9/11 military interventions abroad and anti-terror policies at home, which they felt unfairly targeted people of Islamic faith. In the two decades since then, Muslim Americans have broken roughly 2-to-1 for Democrats, while groups representing the community institutionally aligned themselves with Democrats, much like other groups representing voters of color. Nationally, the Council on American-Islamic Relations, one of the largest Muslim advocacy groups in the country, which has been sharply critical of Biden’s foreign policy, conducted its own postelection survey of Muslim voters. “Our pleas, demands and warnings were ignored by President Biden and then by Vice President Harris.
Persons: Donald Trump, , Layla Elabed, Joe Biden’s, Republican George W, Bush, Trump, Jill Stein, Harris, Stein, Bill Bazzi, Biden, , Robert S, McCaw, Benjamin Netanyahu, Dearborn, You’re, ” Sen, John Fetterman, Rania Batrice, President Biden, ” Trump, Tiffany Trump’s, Rabiul Chowdhury, Ruwa, Abdullah Hammoud Organizations: Democratic Party, GOP, Trump, Democratic, Republican, Democrats, Green, Islamic, American, CAIR National Government, Palestinian, Palestinian American Democratic, Democratic National Convention, Muslim Democratic, Palestinian American Democrat Locations: Gaza, American, Dearborn , Michigan, , Dearborn, Dearborn Heights, Arab, Palestinian American, Lebanese, Pennsylvania , Michigan, Wisconsin, Georgia
CNN —Joey Logano took home his third career NASCAR Cup Series championship at Phoenix Raceway in Avondale, Arizona on Sunday. With the win, Logano becomes the 10th driver in NASCAR history to win three or more titles. An exuberant Logano told the NBC broadcast after the race, “I love the playoffs, I love it, man.”“What a race, what a Team Penske battle there at the end,” Logano continued. A week later, Logano won at Las Vegas Motor Speedway in the Round of 8 to clinch his spot in the championship race. Team Penske’s recent dominance continued as Logano’s win gives the team its third consecutive title after Blaney won last year.
Persons: Joey Logano, Logano, Ryan Blaney, Blaney, Jimmie Johnson, ” Logano, , , wasn’t, Alex Bowman’s, “ Congrats, congrats, ” Blaney, Roger, Heck, Hope, William Byron, Tyler Reddick, NBA Hall of Famer Michael Jordan, Denny Hamlin, Byron, Reddick Organizations: CNN, NASCAR, Phoenix Raceway, NBC, Team Penske, Charlotte Motor, Las Vegas Motor, Ford, Penske, Hendrick Motorsports, 23XI Racing, NBA Hall of Famer Locations: Avondale , Arizona
After winning in Washington, the first game of a daunting second-half schedule, do the Pittsburgh Steelers belong in the Super Bowl conversation? Setting aside how they compare to the rest of the NFL in 2024, how do you feel this year’s edition compares to the Chiefs teams of the past two seasons? Good teams, remember, almost always get fortuitous bounces and kind calls. This Chiefs team is more balanced and more well-rounded. And so, although the delivery may differ, this Chiefs team is just as equipped to make a Super Bowl run as any of the previous iterations.
Persons: Daniels, Baker Mayfield, BAKER, J. W Organizations: Chiefs, Steelers, Falcons, Bucs, 49ers Locations: New Orleans
Harris would have secured the presidency if she had won Michigan, Pennsylvania, and Wisconsin. Related VideoHere's why Harris ultimately faltered in the trio of blue wall states. Related storiesTo secure the presidency, candidates must win at least 270 Electoral College votes, and Harris won 226 to Trump's 312. AdvertisementHarris spent considerable time campaigning throughout the blue wall states, but her 107-day candidacy was a sprint. In Wisconsin, Trump won 51% of union households, compared to Harris' 49%, according to Edison Research.
Persons: Harris, Donald Trump, , Kamala Harris, Hillary Clinton, Joe Biden, Trump, Tim Walz, ANGELA WEISS, Harris didn't, Alex Brandon Harris, Biden, Dane County, Trump's, EVELYN HOCKSTEIN, wasn't Organizations: White, GOP, Service, Democratic, House, Office, Minnesota Gov, Getty, Electoral, Michigan, Trump, Pennsylvania, AP, Edison Research, Oakland County, Republicans, Arab, Detroit, Teamsters, International Association of Fire Fighters, Democrats Locations: Michigan, Pennsylvania, Wisconsin, West Allis , Wisconsin, The Milwaukee, Wisconsin , Michigan, Oakland County, Detroit, Montgomery County , Pennsylvania, Philadelphia, Dane, Madison, Waukesha County , Wisconsin, Milwaukee, Bucks County , Pennsylvania, Saginaw County , Michigan, Gaza, Dearborn —
Traders work on the floor of the New York Stock Exchange during the morning trading on Nov. 7, 2024. Stock futures are near flat Sunday night as Wall Street looks to what's next after a post-election rally propelled the market to record highs. Futures tied to the Dow Jones Industrial Average added 19 points, trading slightly above breakeven. S&P 500 futures were also little changed, while Nasdaq 100 futures climbed 0.2%. Last week's rally was considered broad, with both the tech-heavy Nasdaq Composite and small cap-focused Russell 2000 also advancing.
Persons: what's, Russell, Donald Trump, Jerome Powell, Katie Nixon Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, Dow, Traders, Trust, Ticketmaster
Ukrainian President Volodymyr Zelensky said Thursday that about 11,000 North Korean soldiers are in the region, where Ukraine’s three-month military incursion into Russian territory has stalled. The New York Times reported Sunday that some 50,000 Russia and North Korean troops are set to take part in the assault. Reports that North Korea was sending troops to Russia began appearing last month, though both countries dismissed the allegations at the time. Russia and North Korea, both pariahs in the West, have forged increasingly friendly ties since Moscow’s 2022 invasion of Ukraine. Ukraine invaded the Kursk region over the summer, shocking Russia, in the first invasion of the country since World War II.
Persons: Volodymyr Zelensky, hasn’t, Donald Trump, Trump, Ohio Sen, JD Vance, Vladimir Putin, ” Trump, Zelensky, Elon Musk, Biden, CNN’s Jack Forrest, Helen Regan, Svitlana Vlasova, Tara John, Victoria Butenko, Nic Robertson, Kristen Holmes, Natasha Bertrand, Haley Britzky, Oren Liebermann Organizations: CNN, Russia, Sunday, The New York Times, Ukraine, US, NATO, Republican, Pentagon Locations: Russia’s Kursk, Russia, North, Korea, North Korea, Ukraine, Kursk, Moscow, Budapest, Kyiv, , Ukrainian
WASHINGTON — President-elect Donald Trump’s ambitious agenda could face pushback from an institution he has done much to shape: the Supreme Court. With a 6-3 conservative majority including three Trump appointees, the court has spent the last few years buffeted by criticism from the left. The Trump administration also suffered a big loss when in 2020 the court ruled 6-3 to extend workplace discrimination protections to LGBTQ employees, a decision that angered conservatives. During the Biden years, the court has set new precedents while ruling against the administration that in theory apply to Trump too. “The Supreme Court supermajority has given us no reason to expect that it will be anything other than be a rubber stamp for his worse impulses,” said Alex Aronson, who runs Court Accountability, a left-leaning legal group.
Persons: Donald Trump’s, Biden, , John Malcolm, Brianne, “ Trump, Trump, Jonathan Adler, Amy Coney Barrett, Joe Biden, Ketanji Brown Jackson, Stephen Breyer, wasn’t, Adler, , Alex Aronson, “ They’ve Organizations: WASHINGTON, Trump, Heritage Foundation, Case Western Reserve University School of Law, Congress
Pesto before shedding his brown feathers in exchange for new waterproof ones in his enclosure at Australia's Sea Life Melbourne. SEA LIFE Melbourne AquariumPesto, who lives at the Sea Life Melbourne Aquarium in Australia, is nearing the final stages of his first molt. While king penguin chicks’ brown feathers are insulating, they are not waterproof, which is where their adult plumage comes in handy. Pesto is expected to start swimming with other king penguin chicks when the molting process is done. Many of the other penguins at Sea Life Melbourne Aquarium has taken an interest in Pesto, per the aquarium’s website.
Persons: Alex Frank, Pesto, Blake Organizations: SEA, Aquarium Pesto, Melbourne Aquarium, TODAY.com, Melbourne Locations: Melbourne, Australia, Pesto
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