Here are the top news stories that investors need to know before they begin their trading day:
1. a momentary pause
September has been as gloomy as predicted for markets. Monday’s market closing was positive, ending a four-day loss trend for stocks, but we’re still on track for a down month. On Tuesday, futures appeared depressing. Additionally, the quarter is coming to an end, which means that the earnings season will start in earnest in a short while. In addition to new home sales data, investors will also be able to see the Conference Board’s most recent reading on consumer confidence on Tuesday.
2. Political stances and picket lines
Things are set to get much more political as a result of the United Auto Workers’ strikes against the Detroit manufacturers, which have no end in sight. Tuesday will see President Joe Biden travel to Michigan to join picketing workers. Shawn Fain, president of the UAW, is anticipated to agree with Biden’s position that automakers must make restitution after generating significant profits.
3. Change in space
By the end of the year, Blue Origin, owned by Jeff Bezos, will have a new CEO. Employees at the space company started by the founder of Amazon were informed on Monday that Bob Smith would be retiring in December and would be replaced by Dave Limp, a leaving Amazon executive. When Bezos was the CEO of Amazon, he collaborated closely with Limp on a number of significant initiatives, such as Project Kuiper, the company’s internet satellite program, and Alexa. The change occurs as Blue Origin strives to catch up to Elon Musk’s SpaceX, which has taken over as the market leader in the launch sector.
4. Apple on a table
As the Justice Department tries to prove that Alphabet’s Google used license agreements to monopolize online search, one of Apple’s most powerful executives will take the witness stand on Tuesday. In his testimony, Eddie Cue, senior VP of services at Apple, is likely to claim that Google search is the greatest option and that his business always uses it as the default setting on its iPhones. Apple’s deal was arranged by Cue.
. Google reimburses Apple for that privilege in the billions.
5. The program must continue
The stocks of movie theater operators rose as investors increased their bets while the entertainment industry awaited information regarding the Writers Guild of America’s tentative, strike-ending agreement with Hollywood studios. AMC and Cinemark shares
also IMAX
Following the announcement, all had higher Monday finishes. However, Hollywood is still not out of the woods.
Source (CNBC)
