5 things to know before the stock market opens on Monday, September 12

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

US stock market is expected to open Monday morning slightly higher, as investors seek momentum from last week’s gains. All three major indexes have been mired in a three-week losing streak as markets grapple with the fact that another big interest rate hike is coming from the Federal Reserve. The central bank’s policy-setting committee is expected to raise its benchmark interest rate by three-quarters of a point next week, even as inflation has shown signs of cooling somewhat. Investors will get the latest on inflation on Tuesday, when the government is scheduled to report August’s consumer price index.

Ukraine’s military has Russia running on two parts of the country. After making significant gains in the south of Ukraine, the country’s armed forces, supported by weapons from the United States and other Western allies, launched a lightning counterattack in the south. northeast. According to a Russian official, “the situation is getting more difficult by the hour” for the Kremlin’s forces, in the past few weeks for the Russian president. Vladimir Putin. Ukraine claims it has recaptured this month more than 1,100 square miles of territory once occupied by Russia. Follow live updates here.

Disney CEO Bob Chapek continued derogatory charm end weekend at D23 Expo, sending positive messages to fans, employees and investors. It seems to work too, at least for a longtime active investor. Third Point CEO Dan Loeb pushed the entertainment and media giant to shut down his ESPN, but he stepped back to this point with a tweet Sunday morning. “We better understand @espn’s potential as an independent business and another vertical of $DIS in reaching a global audience to generate revenue from advertising and subscribers” he say. Chapek told Variety that Disney has a “vision” for where ESPN fits into the company’s plans for the next 100 years. “We didn’t share that plan,” he added.

In a move to counter the rapidly growing Stripe and Block, JPMorgan Chase agreed to buy fintech payments startup Renovite, CNBC’s Hugh Son reports. Chase is already the world’s leading merchant service provider. It processes about $9 trillion in transactions per day. But the executives at the legacy bank, especially the CEO Jamie Dimon, has sounded the alarm about emerging competitors. Since the end of 2020, when Covid pandemic JPMorgan has acquired at least five fintech startups in a tech spend that has drawn some criticism. The Renovite deal allows the bank to expand faster in global markets because it doesn’t require a lot of coding, Mike Blandina, JPMorgan’s head of global payments technology, told CNBC.

The Biden administration is expected to announce next month a new set of restrictions on US semiconductor shipments to China, Reuters reported, citing many people familiar with the matter. The limits will focus on chips used for artificial intelligence, as well as tools for the production of semiconductors. KLA, Lam Nghien and Application materials was informed of the upcoming changes in the letter earlier this year, and the companies have acknowledged the information. Reuters also reported that several of their sources for the article said the administration could also reveal additional actions against China, as President. Joe Biden push to make the United States more competitive with its rivals.

– CNBC’s Carmen Reinicke, Holly Ellyatt, Jeff Cox and Hugh Son contributed to this report.

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