5 issues to know earlier than the inventory market opens Monday

Listed here are crucial information objects that buyers want to start out their buying and selling day:

Traders cheered the Federal Reserve’s enormous coverage transfer final week. The query now could be what the central financial institution will do subsequent. The S&P 500, Dow Jones Industrial Average and Nasdaq Composite all rose greater than 1% for the week, because the Dow closed at a document excessive Friday. The strikes adopted the Fed’s choice to chop rates of interest by 0.5 proportion factors on Wednesday. All eyes now flip to the subsequent coverage assembly in November, the place the Fed is once more anticipated to scale back charges — although coming financial knowledge will decide whether or not the central financial institution will select to chop them by 25 foundation factors or 50 foundation factors. Remarks from a number of Fed officers this week will give clues into the place policymakers are leaning. Follow live market updates.

The U.S. authorities is careening towards a shutdown. Congress has solely per week to go a spending invoice or let funding for main components of the federal government lapse solely a few month earlier than the 2024 election. On Sunday, Republican Home Speaker Mike Johnson introduced a new proposal to maintain the federal government working by Dec. 20. The plan doesn’t embody provisions backed by former President Donald Trump that may require folks to indicate proof of citizenship to register to vote — which a earlier GOP spending invoice did. The laws might go to the ground of the Republican-held Home as early as Wednesday.

Democratic presidential nominee Kamala Harris entered the ultimate stretch of the 2024 presidential marketing campaign with a considerable money edge over Republican nominee Donald Trump. The vp’s marketing campaign had $404 million accessible on the finish of August, in comparison with $295 million for the previous president’s marketing campaign, in keeping with new filings. Harris raised $189 million in August, greater than quadruple the $44 million taken in by Trump (although the figures don’t embody different arms of their political operations). These numbers come as latest polling exhibits a good race for the White Home. A brand new NBC Information ballot discovered Harris held a 5 proportion level lead over Trump with registered voters nationwide, an enchancment from latest months however nonetheless throughout the survey’s margin of error. Whereas Harris mentioned she accepted CNN’s invitation for a second presidential debate with Trump on Oct. 23, the Republican mentioned he believed the date was “too late.”

Putting Boeing machinists are getting ready for the lengthy haul. The work stoppage of manufacturing facility staff within the Pacific Northwest, already into its second week, will price the embattled firm extra the longer it lasts. Staff are pushing for bigger pay will increase as the price of residing within the Seattle space rises. “We will not afford [to own] a house,” Boeing mechanic Jake Meyer advised CNBC. Meyer and different Boeing staff mentioned they’re contemplating taking odd jobs to make ends meet if the strike persists. Read more about the work stoppage, and what it means for Boeing and its employees, here.

A shakeup might be coming to the lucrative airline credit card area. American Airlines is in talks to make Citigroup its unique bank card companion, casting apart incumbent Barclays, folks with information of the negotiations mentioned. The talks are ongoing and any potential settlement can be topic to regulatory approval. Whereas co-branded playing cards will be profitable for banks, extra establishments have grown skeptical of the offers as companions push for larger slices of the income and the regulatory setting will get harder. The packages assist airways keep worthwhile.

– CNBC’s Alex Harring, Rebecca Picciotto, Jordan Novet, Leslie Josephs and Hugh Son contributed to this report.