Source: NYSE Here are the most important news investors need to start their trading day:
1. Ugly Monday
Stock markets closed last week on a strong note, with all three major U.S. indexes selling off for their worst close in months after Federal Reserve Chairman Jerome Powell said the central bank would continue to fight inflation with interest rate hikes. . This week doesn’t look like it’s going to start so hot either. Futures were broadly lower on Monday morning, with no new economic data or major earnings reports expected. Investors are eagerly awaiting the August jobs report, scheduled for Friday, as they weigh how big of a rate hike the Fed could make in September.
2. Shooting for the moon, again
A full moon known as the ‘Strawberry Moon’ is seen with NASA’s next-generation lunar rocket, the Space Launch System (SLS) Artemis 1, at the Kennedy Space Center in Cape Canaveral, Florida, USA, June 15, 2022. Joe Skipper | Reuters NASA is preparing to return to the moon, in style. While the Artemis I mission will not carry a crew or land on the moon, it will mark a major milestone for space travel nonetheless. It will feature NASA’s most powerful rocket and put the space agency on track to return humans to the moon. The Artemis project has faced several delays and is several billion dollars over budget, so its first mission is, to say the least, high stakes. CNBC’s Michael Sheetz breaks it down. The mission was scheduled to begin as early as 8:33 AM. ET Monday, though it could be delayed to another date.
3. No more free Covid tests from the government
A woman takes a test for the coronavirus disease (COVID-19) at a pop-up testing site in New York, U.S., July 11, 2022. REUTERS/Brendan McDermid Brendan McDermid | Reuters The federal government will stop sending free Covid tests to Americans this Friday, NBC News reported, citing a senior Biden administration official. “If Congress provides funding, we will quickly resume distributing free tests through covidtests.gov,” the person said, according to NBC. “Until then, we believe reserving the remaining tests for distribution later this year is the best course of action.” The development comes as children return to school and many large employers force their workers back into the office. Google employees have said they are facing multiple notifications of Covid infections, and some are calling for changes to the company’s vaccine policy.
4. UN inspectors head to Ukraine’s nuclear power plant
Overview of Zaporizhzhia nuclear power plant and fires, in Enerhodar in Zaporizhzhia region, Ukraine, August 24, 2022. European Union, Copernicus Sentinel-2 Imagery | via Reuters A team from the United Nations’ International Atomic Energy Agency heads to the Zaporizhzhia nuclear power plant in Ukraine. The facility, the largest of its kind in Europe, has been at the center of intense fighting between Ukrainian and Russian forces in the region. The Russians bomb the area around the plant, prompting fears of a nuclear meltdown. Inspectors will examine the damage to the plant and assess whether it is safe and secure. Read more updates on the Ukraine war here.
5. Serena’s Last Courage
Serena Williams is ready to call it a career on the professional tennis court. Earlier this summer, the superstar, who turns 41 next month, said she would retire from the sport after the US Open. Williams, arguably the greatest tennis player of all time, is looking for one last Grand Slam title, which would tie her with Margaret Court for the most (24). Williams, who said she will devote more time to her venture capital business in retirement. is set to play Danka Kovinic in the first round at 7 p.m. ET on Monday in Queens, New York. Some stories you may have missed over the weekend: — CNBC’s Jesse Pound, Michael Sheetz, Jennifer Elias and Arjun Khrapal contributed to this report. — Join the CNBC Investing Club now to follow Jim Cramer’s every stock move. Follow the broader market action like a pro on CNBC Pro.
