Here are the most important news investors need to start their trading day:
1. Second day of the edge?
Traders work on the floor of the New York Stock Exchange during morning trading on January 04, 2023 in New York City.
Michael M. Santiago | Getty Images
Stock futures rose on Monday morning, Looking to build on Friday’s gains – which marked the first real rally of 2023. The Dow rose 700 points, more than 2%, on Friday. The S&P 500 added 2.28% and the Nasdaq Composite added 2.56%. Investors hope the Federal Reserve is finished with its most aggressive action yet to tame inflation, after data late last week suggested the US economy could be cooling. This Thursday, Wall Street will get the latest Consumer Price Index readouts, and major banks will report earnings on Friday. read cnbc Live market coverage here.
2. McCarthy sets an agenda
Representative Kevin McCarthy, a Republican from California, stands under the Speaker of the House’s signature outside his office after he was elected House Speaker following a meeting of the 118th Congress at the US Capitol in Washington, DC, US, Saturday, Jan. 7, 2023.
El Drago | Bloomberg | Getty Images
There is a speaker at the end of the house. Kevin McCarthy garnered enough support in the early hours of Saturday morning to win the 15th vote, and he wasted no time setting an agenda Headed to the room for his time. McCarthy promised to pursue conservative, America-first initiatives, including cutting funding to the IRS and tackling “America-last” energy policies. He also plans to tackle issues such as the debt, immigration and US relations with China.
3. Brazil Turmoil
BRASILIA, BRAZIL – JANUARY 08: Supporters of former President Jair Bolsonaro clash with security forces during a raid on the National Congress in Brasilia, Brazil, 08 January 2023. , according to local media. Police fired tear gas to disperse pro-Bolsonaro protesters. Some protesters were seen climbing onto the roofs of the House of Representatives and Senate buildings. (Photo by Jodeson Alves/Anadolu Agency via Getty Images)
Anadolu Agency | Anadolu Agency | Getty Images
Supporters of former Brazilian President Jair Bolsonaro Government buildings were raided on Sunday to protest his electoral defeat and attempt to overthrow the new regime, spreading anarchy and Sending stocks lower in South America’s biggest economy, Bolsonaro’s supporters stormed the country’s Congress, Supreme Court and presidential palace, refusing to accept the result of October’s election, which saw leftist Luiz Inacio Lula da Silva overtake right-wing, Trump-ally Bolsonaro. Lula was inaugurated on 1 January. Bolsonaro condemned the violence and destruction, saying, “Peaceful demonstrations, according to the law, are part of a democracy.” , avoid the rule,” according to one translation.
4. Elite public
The Sky Lounge during a tour of Delta Air Lines Terminal C at LaGuardia Airport (LGA) in the Queens borough of New York, US, Wednesday, June 1, 2022.
Stephanie Keith | Bloomberg | Getty Images
The elites of air travel are on the rise, and this is causing problems for airlines, More and more travelers are building up rewards points through credit card spending or deferred travel, and they’re spending those points on lounge access, extra leg room or other comfortable perks. But as one United Airlines executive said, “If everyone has status, then no one has status.” United, American Airlines and Delta Air Lines are all raising the bar to earn award status this year, in an effort to make premium products feel special — without alienating their newly frequent travelers.
5. Quit the Wu-ez
The Suez Canal in Ismailia, Egypt, on Thursday, March 25, 2021.
Islam Safwat | Bloomberg | Getty Images
a bulk carrier Stuck in the Suez Canal on Monday morning — reminiscent of an incident in March 2021 that attracted worldwide attention — following an engine failure, the canal authority said. The carrier, Glory, loaded 65,970 metric tons of corn from a port in Ukraine on December 25 and was bound for China, according to the Black Sea Grain Initiative Joint Coordination Center, which facilitates humanitarian sea exports of grain, other foods and fertilizers. Is. Ukraine. The Suez Canal Authority said on Twitter, “The authority’s marine rescue team dealt in a professional manner with the sudden technical failure of the bulk vessel Glory’s machines.” “Work to tow the defunct vessel is now underway.” Shipping agency Leith said the disruption should cause “only minor delays”.
, CNBC’s Samantha Subin, Ashley Capute, Sam Meredith, Elliott Smith, Leslie Joseph, Ruxandra Iordache and Natasha Turak contributed to this report.
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