Here are the most important news investors need to start their trading day:
1. Running records
U.S. stocks climbed steadily, hitting new highs. this S&P 500 Index and Dow Jones Industrial Average Both posted their highest closing prices ever on Friday. These two indices and Nasdaq Index It rose more than 1% last week. A slew of key earnings reports will also help determine whether stocks continue their record gains as investors focus on the U.S. presidential election, Middle East conflicts and Federal Reserve policy. Follow live market updates here.
2. Profitable Banking
Goldman Sachs CEO David Solomon joins CNBC’s “Halftime Report” to discuss the latest market trends as the financial industry heads into its worst day since August 5, as well as his overall outlook for September 11 economic outlook
CNBC
The major banks will dominate earnings reports this week. After the results come out JPMorgan Chase and Wells Fargo Earnings season kicked off on Friday with a better-than-expected report that helped set new market records. In addition to financial stocks, major airlines, health and media companies are also set to report earnings this week. Here are the main reports:
3. Boeing layoffs
On September 13, 2024, in Renton, Washington, USA, workers at the Boeing plant gathered on a picket line near the entrance to the production facility on the first day of the strike.
Matt Mills McKnight | Matt Mills McKnight Reuters
boeing companyproblems are increasing. aircraft manufacturer said on Friday it would cut 17,000 jobsor 10% of its workforce, as the company struggles to contain losses and a more than month-long machinists’ strike idles production at aircraft factories. Boeing also announced that it will not deliver its 777X wide-body aircraft until 2026. “Reviving our company will require difficult decisions, and we must make structural changes to ensure we can remain competitive and serve our customers over the long term,” CEO Kelly Ortberg said in a memo to employees.
4. Aim to fly
SpaceX reaches a major milestone Elon Musk’s company completed the fifth test flight of its Starship rocket on Sunday. First of all, the rocket’s more than 20-story-high booster returned to the launch tower nearly seven minutes after launch, which is a key step in achieving reusability of the rocket system. The Starship rocket entered space, flew half a circle around the Earth, and then returned as planned and landed in the Indian Ocean.
5. Policy stakes in 2024
When Republican presidential candidate and former US President Trump participated in the presidential debate hosted by the American Broadcasting Corporation (ABC) in Philadelphia, Pennsylvania, the United States, on September 10, 2024, Democratic presidential candidate and US Vice President Kamala Harris speak as a person.
Brian Snyder | Reuters
The 2024 elections are huge for the business world. Vice President Kamala Harris and former President Donald Trump have taken different stances on issues such as taxes, tariffs, regulations, health policy and clean energy, meaning the November outcome could bring consequences for major companies Very different results. CNBC reporters took a deep dive into what Harris and Trump’s policies could mean for the industries they cover, including airlines, banks, electric vehicles, restaurants and technology. Click here to learn more about the election’s impact on corporate America.
– CNBC’s Yun Li, Leslie Josephs, Michael Sheetz and Hugh Son contributed to this report.
