Know these 5 things before the stock market opens on Wednesday, September 14

Traders on the floor of the NYSE, September 13, 2022.

Source: NYSE

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

1. Picking up the pieces

US Equity Futures Wednesday morning looked set for a mixed session as investors sought to ward off the worst market conditions since June 2020. All three major indices declined on Tuesday after the consumer price index turned warmer than expected. While the Dow fell 1,276 points, the S&P 500 and Tech-Heavy Nasdaq It suffered a major drop percentage-wise as Wall Street sank that the Fed would not scale back its aggressive rate-hike plans any time soon. In fact, traders are now divided on whether the Fed will raise its benchmark rate by three-quarters of a point or a full point at next week’s meeting. Investors also have more inflation data to watch out for. producer price Index Slightly slipped in augustin line with expectations.

2. Trouble on the Railroad

Shipping containers sit at the BNSF Railway Intermodal Facility on July 28, 2021 in Cicero, Illinois.

Scott Olson | Getty Images

Thousands of railway workers may go on strike on Friday as talks between some major unions and rail carriers stand at a standstill on sick leave policies, Sangh’s top interlocutor alleges union pacific And Berkshire Hathaway-Proprietary BNSF to keep things abreast of times for medical appointments. BNSF called it untrue, while Union Pacific took a softer tone. “We are in active discussion with unions to try to address these concerns,” the company told CNBC. Meanwhile, the White House start preparing to stop work, A strike could end up costing $2 billion per day. “The strike is a last resort. It doesn’t help anyone because employees lose money, and companies lose money,” Dennis Pearce, president of the Brotherhood of Locomotive Engineers and Trainmen, told CNBC. “We are not here to harm the economy.”

3. Starbucks’ New Plan

Starbucks CEO Howard Schultz with incoming CEO Laxman Narasimhan, September 7, 2022.

Source: CNBC

Howard Schultz is on his way starbucks CEO, again, but his vision for the company turned into a global coffee juggernaut still reigns supreme. At its Investor Day Tuesday, Starbucks revealed new long term plans, which includes everything from expanding its loyalty programs, adding more stores and automation to its cafes – as the company grapples with a growing union push among its baristas. Starbucks also boosted its long-term financial outlook. Schultz will remain as interim CEO until April, when veteran consumer-goods executive Laxman Narasimhan is set to take over the role. Narasimhan will officially join the company this fall and will learn the ropes from Schultz.

4. What’s next for Ukraine?

A long convoy of attacking Russian military vehicles is shown on the road towards Kyiv at the start of the war in late February, shortly before the vehicle broke down, a lack of basic supplies, and attacks by Ukrainian defenders made it swoop and return to Russia. forced to flee. Over the past week, Ukrainian troops have suffered a Russian defeat in Kharkiv that is as dramatic as the one outside Kyiv.

Maxar | Getty Images

5. Pledge demand dipped

A sign for sale is posted in front of a home that is listed for over $1 million on April 29, 2022 in San Francisco, California.

Justin Sullivan | Getty Images

The housing market continues to feel pressure from rising rates. Overall demand for mortgages declined More than 1% week on week according to the Mortgage Bankers Association. Since last year, however, dropoff is more important. The demand for mortgages from home buyers has declined by almost a third. The demand for refinancing has also fallen by more than 80%. Rates were effectively down this time last year, but they are now over 6%, almost double what they were in early 2022. And after Tuesday’s surprisingly hot inflation print, the Fed will only be more excited to raise rates. At an aggressive clip.

— CNBC’s Samantha Subin, Lori Ann Larocco, Emma Kinry, Holly Elite and Diana Olick contributed to this report.

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