5 things to know before the stock market opens on Tuesday

5 things to know before the stock market opens on Tuesday

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

Frederic J. Brown | AFP | Getty Images

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

1. Check inflation heat

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

2. Ukraine is moving forward

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

Valentin Ogirenko | Reuters

The Ukrainian military has made even more headway 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 Ukrainian territory – in the east and in the south,” Ukrainian President Volodomyr Zelenskyy told his people this week. “The movement of our troops continues.” Ukraine’s recent success, fueled by US and Western money and weapons, has upended the state of the war and put strong political pressure on Russian President Vladimir Putin. Experts believe this could either push him to step up his aggression in the former Soviet state or perhaps start serious ceasefire negotiations.

3. HBO, Apple and Netflix reign at the Emmys

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

Apple

HBO from Warner Bros. Discovery retained its crown as ruler of the Primetime Emmys with multiple wins in “The White Lotus” and “Succession” limited series. But Netflix and Apple haven’t had such bad nights either. In fact, at one point, Netflix’s South Korean hit “Squid Game” looked set to shake up the Outstanding Drama Series category after picking up wins for both director and actor. But “Succession” ultimately prevailed. On the comedy side, Apple’s “Ted Lasso” came out on top, but Disney-owned ABC’s “Abbott Elementary” also did well.

4. Peloton Reshuffle

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

Joe Raedle | Getty Images

Let there be no doubt: Barry McCarthy is completely in control at Peloton. The chief executive announced on Monday that executive chairman John Foley, one of the company’s co-founders and its CEO for nearly all of its nearly 10 years of existence, is leaving the company. (Hisao Kushi, another co-founder, is also stepping down as chief legal officer next month.) The leadership changes come as McCarthy pursues a sweeping plan to rejuvenate the former pandemic darling, whose company started to suffer as people ventured out of their homes to exercise as Covid restrictions were lifted. As of Monday’s close, shares of Peloton are down nearly 70% this year.

5. Buy your vacation plane tickets now

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

Paul Hennessey | Light flare | Getty Images

Why? Because fares are already high and seats might be hard to find all along the line. Hopper, who tracks airfares, said Thanksgiving and Christmas flights will be the highest in five years. People are adjusting to life with Covid, especially with widely available vaccines and treatments, and they look forward to seeing family and friends they haven’t seen in years. Or they just want to get away. The average domestic airfare for Thanksgiving is $350, more than 20% higher in 2019, before the pandemic, according to Hopper, while domestic round-trip 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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