5 things you need to know before the stock market opens on Tuesday

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People shop at a supermarket in Montebello, California on August 23, 2022.

Frederic J. Brown | UKTN | Getty Images

Here are the key news items investors need to start their trading day:

1. Inflation Heat Control

US stock futures rose Tuesday morning ahead of much-anticipated inflation data. The consumer price index for August will be released at 8:30 a.m. ET and the investment world will be watching. Analysts believe that price increases slowed last month, mainly as fuel prices fell. The report comes ahead of next week’s Federal Reserve meeting, where central bankers will decide how much further to raise interest rates. By now, a three-quarter point is effectively baked in, but Tuesday’s data could change expectations about what’s next. “The sustainability of the rally will likely be determined by Tuesday’s CPI report this week and the tone of the FOMC meeting next week,” said Nationwide’s Mark Hackett.

2. Ukraine perseveres

Ukrainian President Volodymyr Zelenskyy speaks during a joint press conference with Polish Prime Minister Mateusz Morawiecki and Latvian President Egils Levits, amid the Russian attack on Ukraine, in Kiev, Ukraine on September 9, 2022.

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Valentin Ogirenko | Reuters

The Ukrainian military has made even more progress in its shocking counter-offensive against Russia. “From the beginning of September to today, our soldiers have already liberated more than 6,000 square kilometers of Ukraine’s territory – in the east and in the south,” Ukrainian President Volodomyr Zelenskyy told his people this week. “The movement of our troops continues.” Ukraine’s recent success, fueled by American and Western money and weapons, has turned the state of war on its head and exerted heavy political pressure on Russian President Vladimir Putin. Experts believe this could prompt him to escalate his aggression in the former Soviet state, or perhaps begin serious ceasefire negotiations.

3. HBO, Apple and Netflix rule at the Emmys

Brendan Hunt, Jason Sudeikis and Brett Goldstein star in AppleTV+’s “Ted Lasso.”

Apple

Warner Bros. Discovery’s HBO kept its crown as the ruler of the Primetime Emmys with multiple wins of the limited series “The White Lotus” and “Succession”. But Netflix and Apple weren’t having such bad nights either. At one point, Netflix’s South Korean smash “Squid Game” looked poised to score a shock in the Outstanding Drama Series category after racking up directorial and acting wins. But “Success” ultimately triumphed. On the comedic side, Apple’s “Ted Lasso” came out on top, but UKTN’s Disney-owned “Abbott Elementary” also had a strong showing.

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4. Turmoil in Peloton

A person walks past a Peloton store on January 20, 2022 in Coral Gables, Florida.

Joe Raedle | Getty Images

Let there be no more doubt: Barry McCarthy is in full charge of Peloton. The CEO announced Monday that Executive Chairman John Foley, one of the company’s co-founders and CEO for nearly all of its roughly 10 years of existence, would be leaving the company. (Hisao Kushi, another co-founder, will also leave his position as Chief Legal Officer next month.) The board changes come as McCarthy pursues a sweeping plan to rejuvenate the one-time pandemic darling, whose business began to suffer as people moved into their home. out to exercise when Covid restrictions were lifted. As of Monday’s close, Peloton’s shares are down nearly 70% this year.

5. Buy your airline tickets now for the holidays

Why? Because the rates are already high and it can be difficult to find seats along the row. Hopper, which tracks air fares, said flights this Thanksgiving and Christmas will be the highest in five years. People are adjusting to living with Covid, especially with vaccines and treatments that are widely available, and they are eager to see family and friends they haven’t seen in years. Or they just want to leave. The average domestic airfare for Thanksgiving is $350, up more than 20% in 2019, before the pandemic, according to Hopper, while domestic round-trip tickets over Christmas are about a third more expensive than 2019, at $463.

— Carmen Reinicke, Patti Domm, Holly Ellyatt, Sarah Whitten, Jack Stebbins and Leslie Josephs of UKTN contributed to this report.

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