5 things to know before the stock market opens Tuesday

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

Stocks shrugged off last week’s woes to end Green Monday. Will the bulls get another Valentine on Tuesday? Much of this will depend on what the latest Consumer Price Index says about the state of the economy. (See below.) Beyond that, investors will see another interesting earnings plan with the Burger King owner. restaurant brand And Coca-Cola reporting before the bell and Airbnb Set to post results after closing. follow live market updates,

Markets are expecting a love letter straight from the heart of the Bureau of Labor Statistics, as the Consumer Price Index inflation number hits at 8:30 a.m. According to Dow Jones, economists forecast that the CPI rose 0.4% in January, which translates to 6.2% year-on-year growth. The so-called core CPI, which excludes energy and food, is expected to increase by 0.3% and 5.5%, respectively. but some market observers are gear up for surprises, If January’s CPI breaks recent trends and turns out to be stronger than expected, it could lead investors to wonder if the Fed will get even more aggressive in its rate-raising plans to moderate price increases. .

Fed Vice Chairman is Lael Brainard destined to be Going out with Brian Dees, President Joe Biden’s top economic adviser. Multiple outlets reported that Brainard would take over as head of the White House’s National Economic Council. Similarly, Biden’s longtime confidant Jared Bernstein is expected to replace Cecilia Rouse as chair of the Council of Economic Advisers soon. The move could put Brainard in line for Treasury secretary if Biden wins another term and Janet Yellen departs. Brainard, a Democrat with dovish economic views, is a veteran of the Treasury Department during the Obama administration.

coca-cola earnings Didn’t exactly impress hearts on Wall Street, but they came through just fine. Earnings were in line with expectations, while revenue grew driven by price increases. The beverage giant, a Dow component, also gave guidance for the year roughly in line with Street View. Economic issues were top of mind for the company’s leaders. CEO James Quincey said, “While 2022 has brought many challenges, we are proud of our overall results in a dynamic operating environment.” in an earnings release Tuesday morning.

Read more: Burger King owner crowns new CEO

It’s Pavlovian. Any time long-time NBA fans hear “NBA on NBC,” they likely think of Marv Albert. intense play-by-playMichael Jordan exploits and John Tesh’s (yes, that John Tesh) epic theme music, also known as “Roundball Rock.” CNBC’s Alex Sherman delivered a heavy dose of nostalgia Monday evening when he reported that NBC would Courte the NBA Aggressively Once again, after 20 years without it. As it stands, Disney’s ABC/ESPN and Warner Bros. Discovery’s Turner Sports hold the broadcast rights to the NBA. But Warner CEO David Zaslav has said he is skeptical of paying that much for NBA rights, and comcast (which owns NBC and CNBC) senses an opportunity to bring the league back. Amazon And AppleOf course, Pro Basketball is also interested in the rights, and the NBA could end up with more than two partners after the 2024-25 season.

— CNBC’s Alex Herring, Jeff Cox, Amelia Lucas and Alex Sherman contributed to this report.

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