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5 things to know before the stock market opens Monday, September 12


Traders work on the ground of the Recent York Stock Exchange (NYSE) in Recent York City, U.S., September 9, 2022.

Brendan Mcdermid | Reuters

Listed here are an important news items that investors need to begin their trading day:

1. Futures rise

U.S. stock markets were primed to open barely higher Monday morning, as investors sought momentum from last week’s gains. All three major indexes had been mired in a three-week losing streak as markets grappled with the truth of yet one more big rate hike coming from the Federal Reserve. The central bank’s policy-setting committee is anticipated to boost its benchmark rate by three-quarters of a degree next week, at the same time as inflation has shown signs of cooling off somewhat. Investors will get the most recent read on inflation Tuesday, when the federal government is scheduled to report August’s consumer price index.

2. Ukraine strikes back

Service members of the State Security Service of Ukraine pose for an image within the recently liberated town of Kupiansk within the Kharkiv region of Ukraine on this handout picture released Sept. 10, 2022.

Press Service of the State Security Service of Ukraine | Via Reuters

The Ukrainian military has Russia on the run in two portions of the country. After making significant gains in Ukraine’s south, the nation’s armed forces, bolstered by weaponry from the U.S. and other Western allies, unleashed a lightning counteroffensive within the northeast. In response to one Russian official, “the situation is becoming tougher by the hour” for the Kremlin’s forces, in what’s grow to be a humiliating few weeks for Russian President Vladimir Putin. Ukraine claims it has retaken this month greater than 1,100 square miles of territory that had been occupied by Russia. Follow live updates here.

3. Chapek casts a spell at D23

Bob Chapek, Chief Executive Officer of Disney, speaks on the 2022 Disney Legends Awards during Disney’s D23 Expo in Anaheim, California, September 9, 2022.

Mario Anzuoni | Reuters

Disney CEO Bob Chapek went on a charm offensive over the weekend on the D23 Expo, sending positive messages to fans, employees and investors alike. It appeared to work, too, no less than for one big-time activist investor. Third Point CEO Dan Loeb had been pushing the entertainment and media giant to spin off its ESPN operations, but he backed off on this point with a Sunday morning tweet. “We’ve got a greater understanding of @espn’s potential as a standalone business and one other vertical for $DIS to achieve a worldwide audience to generate ad and subscriber revenues,” he said. Chapek had told Variety that Disney has “a vision” for where ESPN suits into the corporate’s plan for the subsequent 100 years. “We have not shared that plan,” he added.

4. JPMorgan buys one other fintech firm

JP Morgan CEO Jamie Dimon speaks on the Boston College Chief Executives Club luncheon in Boston, Massachusetts, U.S., November 23, 2021.

Brian Snyder | Reuters

In a move to counter fast-growing Stripe and Block, JPMorgan Chase has agreed to purchase fintech payments startup Renovite, CNBC’s Hugh Son reports. Chase is already the world’s top merchant services provider. It processes about $9 trillion in transactions every day. But executives on the legacy bank, particularly CEO Jamie Dimon, have sounded the alarm about upstart competitors. Since late 2020, when the Covid pandemic was raging, JPMorgan has acquired no less than five fintech startups in a tech spending spree that has been met with some criticism. The Renovite deal allows the bank to expand more quickly in global markets because it doesn’t require as much coding, Mike Blandina, JPMorgan’s global head of payments technology, told CNBC.

5. Recent chip restrictions

U.S. President Joe Biden attends the groundbreaking of the brand new Intel semiconductor manufacturing facility in Recent Albany, Ohio, September 9, 2022.

Joshua Roberts | Reuters

The Biden administration is ready to unveil next month a fresh set of restrictions on U.S. semiconductor shipments to China, Reuters reported, citing multiple people accustomed to the matter. The bounds will give attention to chips used for artificial intelligence, in addition to tools for making semiconductors. KLA, Lam Research and Applied Materials were notified of the approaching changes in letters earlier this yr, and the businesses acknowledged the communication. Reuters also reported that a few of its sources for the article said the administration could also unveil additional actions against China, as President Joe Biden pushes to make america more competitive with its rival.

— CNBC’s Carmen Reinicke, Holly Ellyatt, Jeff Cox and Hugh Son contributed to this report.

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