5 things to know before the stock market opens Thursday

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

Thursday morning’s Consumer Price Index report will provide the latest indication of whether the Federal Reserve’s war on inflation is having any success. but, As CNBC’s Patti Dom explainsEven if the December CPI turns negative month over month, as expected, it doesn’t mean the Fed is going to scale back its rate hike plan because year-over-year inflation is still well above policymakers’ 2% target . The CPI number is due to hit at 8:30 am ET. Meanwhile, the markets are closing Wednesday on a positive note. The Nasdaq is on a four-day winning streak. Read Live Market Updates Here,

add “proxy fight” for bob iger already staggering to-do list, after the bell wednesday, disney announced that its new chairman would be Mark Parker, a longtime board member and executive chairman of Nike. But that was not all. The entertainment giant said it rejected Peltz’s attempt to join the board ahead of activist investor Nelson Peltz’s announcement of Trian Fund Management. Trian bought Disney stock for about $800 million about two months ago. On Wednesday, Peltz said that Disney had “lost its way” and that he wants Disney to be more cost-effective. Notably, however, Trian stated that he did not seek to replace Iger, despite Peltz’s perceived doubts about the executive’s return to Disney. “Trion aims to create sustainable, long-term value at Disney by working with Bob Iger and the Disney board,” the firm said.

Sure, bed Bath and Beyond probably on the verge of bankruptcy amc entertainment grappling with a massive debt burden and an environment that favors streaming in cinemas, and Gamestop Well, GameStop. But that didn’t stop their shares from popping which felt like Last-Gasp Meme Stock Rally Wednesday. Bed Bath & Beyond, which had a market cap of just under $150 million earlier this week, gained the most – 68%. As of Thursday morning, it has a market value of more than $307 million, even as the company rapidly burns through cash, runs out of merchandise to sell and loses customers. “We don’t like strength in crap stocks like AMC, CVNA, GME, BBBY, PRTY, etc,” said Adam Crisafulli, founder of market commentary firm Vital Knowledge. “It means people are following blindly.”

Air travel began to return to normal More than 10,000 flights were delayed in the United States on Thursday, a day after a Federal Aviation Administration system failure. Till Thursday morning, more than 400 flights were running late. The FAA said the failure was the result of a “damaged database file” which officials addressed by rebooting the system. Lawmakers on both sides of the aisle said they planned to investigate the matter, as did the FAA. Transportation Secretary Pete Buttigieg said, “When there’s a problem with a government system, we’re going to take it on our hands, we’re going to find it and we’re going to fix it.” The Biden administration said there was no evidence of a cyberattack.

on corporate worker starbucks will need to return to their offices soon at least three days a week, CEO Howard Schultz told employees in a memo. According to Schultz, office workers were expected to come in once or twice a week, but badge swipe data showed that employees were not living up to that request. The coffee chain is the latest major company to issue a strict return-to-office policy. Earlier this week, for example, Disney’s Bob Iger told workers They were required to return to offices at least four days a week.

— CNBC’s Patti Dom, Yoon Lee, Sarah Whitten, Leslie Josephs and Amelia Lucas contributed to this report.

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