Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

It's great to be back with you on this Tuesday, December 16th. I'm Julie Morgan.

Ford is reshaping its EV strategy with a multi-billion dollar write down, nearly non-stop trading plans at NASDAQ, and Super Saturday is just

days away. Ford is taking a $19.5 billion write-down in its EV business and hitting reset

after weak demand, high costs and changes in the regulatory environment. The CEO told CNBC that EVs just weren't selling.

The charges will hit mostly in 2025 and continue through 2027. Despite that, Ford raised its

2025 EBIT estimate to $7 billion and reaffirmed free cash flow guidance of $2 to $3 billion.

Strategically, Ford is ending production of the current generation F-150 Lightning

and shifting towards hybrids, extended range EVs, and smaller EVV models.

By 2030, about half of Ford's global sales are expected to come from hybrids and EVs, up from 17% today.

A next-gen lightning will return later as an extended range EV built in Dearborn.

Ford also plans to repurpose its Kentucky and Michigan battery plants to produce energy cells

that can be used to power the electric grid and growing

data center demand. Shares of Ford rose about 2% after hours. Pre-market, the stock is up

0.4%. Reuters is reporting that NASDAQ is planning to submit paperwork with the Securities

and Exchange Commission to launch round-the-clock trading.

The company previously said it expected to launch non-stop trading in the second half of next year.

The SEC filing would mark the first formal step towards that move.

NASDAQ currently operates three trading sessions during weekdays, pre-market,

regular market, and post-market. It now plans to expand trading hours from the current

16 hours to 23 hours, five days a week. When it moves to 23-5 trading, NASDAQ plans to operate

two trading sessions, a day session from 4 a.m. to 8 p.m.

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