Here are the most important news investors need to start their trading day:
1. The Fed raises interest rates
Jerome Powell in Jackson Hole on August 23, 2024.
David A. Grogan | David A. Grogan CNBC
The long-awaited rate cut from the Federal Reserve may finally arrive this week. Central bank policymakers will announce on Wednesday whether to ease policy after inflation and job growth began to slow in recent months. Going into this week, traders saw a 59% chance that the central bank would cut its target rate by 0.5 percentage points. CME Group FedWatch Tool. The key decision comes after a strong week for U.S. stocks. this S&P 500 Index It rose about 4% last week, while Nasdaq Index up nearly 6%. this Dow Jones Industrial Average up 2.6%. Follow real-time market updates.
2. Second apparent assassination attempt on Trump
Republican presidential candidate Donald Trump safe Sunday after FBI action Said “it appears to be an attempted assassination.” The former president was playing golf at a golf club in Florida when U.S. Secret Service officers “shot an active shooter near the boundary of the course,” Special Agent Rafael Barros told a news conference. It was unclear where the shooter was aiming or whether he fired. The man shot by the Secret Service is in custody and has been identified as Ryan Wesley Routh, three senior law enforcement officials told NBC News. The incident is the second apparent assassination attempt on Trump in recent months during the 2024 presidential election.
3. Positive drug data
On April 23, Pfizer CEO Albert Bourla visited the US pharmaceutical company Pfizer’s factory in Pearse, Belgium, to see the production of the Pfizer BioNtech Covid-19 vaccine and met with the European Commission The conversation took place at a press conference held by President Ursula von der Leyen.
John Teece | Reuters
PfizerA drug used to treat a condition common among cancer patients made significant progress over the weekend. The drugmaker releases positive trial data For its treatment, ponsegromab, the drug could become the first approved to specifically treat cancer cachexia. This life-threatening disease causes loss of appetite and weight loss in cancer patients and affects approximately 9 million people worldwide. Pfizer said patients who received the treatment experienced improvements in weight, physical function and quality of life.
4. Are Shein and Temu more expensive?
The price may be higher Shein and Temu shoppers. The Biden administration has proposed a rule to curb the use of a tariff law loophole that both popular online retailers with ties to China exploited to minimize import duties. A spokesman for the Republican majority on the House Select Committee on Chinese Communist Party said prices for Shein and Temu could rise by 20% if the so-called de minimis exemptions were changed, an estimate the committee made last year after investigating the companies. . Both companies said their low prices did not rely on loopholes, and Shein expressed support for reform of minimum terms.
5. Later Agreement
Kansas City Chiefs tight end Travis Kelce (87) rushes for a touchdown during the first quarter against the Tampa Bay Buccaneers at Raymond James Stadium on October 2, 2022.
Kim Clement | USA TODAY Sports | Reuters
DirecTV users who want to watch Monday Night Football can breathe a sigh of relief. pay tv provider reach agreement and disney Blocking of channels from media giants including ESPN ended on Saturday. The agreement enables DirecTV to offer customers a variety of genre-specific options, such as sports and children’s content, and offer Disney’s streaming services as a package or a la carte. The outage lasted through the U.S. Open, a series of college football games and the Monday Night Football game that opens the NFL season.
– CNBC’s Pia Singh, Rebecca Picciotto, Annika Kim Constantino, Gabrielle Fonrouge, Alex Sherman, Lillian Rizzo and Jake Piazza contributed to this report.
