5 things to know before the stock market opens on Tuesday, September 13

5 things to know before the stock market opens on Tuesday, September 13

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People shop at a supermarket in Montebello, California, on August 23, 2022.

Frederick J. Brown | AFP | fake images

Here are the most important news investors need to start their trading day:

1. Inflation heat check

US stock futures rose ahead of highly anticipated inflation data on Tuesday morning. August’s consumer price index is due out at 8:30 am ET, and the investing world will be watching. Analysts believe price increases slowed last month, particularly due to falling fuel prices. The report comes ahead of next week’s Federal Reserve meeting, where central bankers will decide how much further to raise rates. At this point, a three-quarter point is effectively built in, but Tuesday’s data could upset expectations about what’s next. “The durability of the rally will likely be determined by this week’s CPI report on Tuesday and the tone of next week’s FOMC meeting,” Nationwide’s Mark Hackett said.

2. Ukraine goes ahead

Ukrainian President Volodymyr Zelenskyy speaks during a joint press conference with Polish Prime Minister Mateusz Morawiecki and Latvian President Egils Levits amid Russia’s attack on Ukraine, in Kyiv, Ukraine, on September 9. of 2022.

Valentyn Ogirenko | Reuters

The Ukrainian military has made even more progress in its shocking counteroffensive against Russia. “From the beginning of September until today, our soldiers have already liberated more than 6,000 square kilometers of the territory of Ukraine, in the east and south,” Ukrainian President Volodomyr Zelenskyy told the people of him this week. “The movement of our troops continues.” Ukraine’s recent success, fueled by American and Western money and weapons, has altered the state of the war and put heavy political pressure on Russian President Vladimir Putin. Experts believe this could push him to step up his aggression in the former Soviet state, or perhaps start ceasefire negotiations in earnest.

3. HBO, Apple and Netflix rule the Emmys

Brendan Hunt, Jason Sudeikis and Brett Goldstein star in AppleTV+’s “Ted Lasso.”

Apple

Warner Bros. Discovery’s HBO retained its crown as Primetime Emmys leader with multiple wins for the limited series “The White Lotus” and “Succession.” But Netflix and Apple didn’t have such bad nights either. In fact, at one point, Netflix’s South Korean hit “Squid Game” seemed poised to pull off an upset in the Outstanding Drama Series category after racking up awards for directing and acting. But ultimately “succession” prevailed. On the comedy side, Apple’s “Ted Lasso” stood out, but Disney-owned ABC’s “Abbott Elementary” also did well.

4. Reorganization in Platoon

A person walks past a Peloton store on January 20, 2022 in Coral Gables, Florida.

Joe Raedle | fake images

Let there be no more doubt: Barry McCarthy is totally in charge of Peloton. The chief executive announced Monday that Chief Executive John Foley, one of the company’s co-founders and its chief executive officer for nearly all of its 10-odd years of existence, was leaving the company. (Hisao Kushi, another co-founder, will also step down as chief legal officer next month.) The executive changes come as McCarthy pursues a sweeping plan to rejuvenate the once-pandemic darling, whose business began to suffer as people ventured out of their homes to exercise when lockdown restrictions were lifted. Covid. As of Monday’s close, Peloton shares are down nearly 70% this year.

5. Get your plane tickets for the holidays now

Travelers pass through Orlando International Airport over New Year’s weekend, despite thousands of flight cancellations and delays across the United States.

Paul Hennessy | Light Rocket | fake images

Why? Because fares are already high and seats may be hard to come by in the future. Hopper, which tracks airfares, said flights this Thanksgiving and Christmas will be the highest in five years. People are adjusting to life with Covid, particularly with widely available vaccines and treatments, and are eager to see family and friends they haven’t seen in years. Or they just want to escape. The average domestic airfare for Thanksgiving is $350, more than 20% higher than it was in 2019, before the pandemic, according to Hopper, while round-trip domestic tickets over Christmas are about a third more expensive than in 2019, at $463.

— CNBC’s Carmen Reinicke, Patti Domm, Holly Ellyatt, Sarah Whitten, Jack Stebbins and Leslie Josephs contributed to this report.

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