Here are one of the most essential story that capitalists require to begin their trading day:
1. What’s up?
The S&P 500 and the Nasdaq Composite are coming off their best weeks since November after rising 2.7% and 4.2%, respectively. The Dow, meanwhile, finished the week up a more modest 0.7%. The gains last week came as several Big Tech names jumped after strong earnings and traders examined fresh U.S. inflation data. Looking ahead, this week will be filled with more major corporate earnings, key labor data and a Federal Reserve meeting. Follow live market updates.
2. From Apple to apple pie
An Apple store in Shanghai, China.
Future Publishing | Future Publishing | Getty Images
- Monday: Domino’s Pizza, ON Semiconductor (before the bell); Paramount Global (after the bell)
- Tuesday: McDonald’s, Coca-Cola, Eli Lilly, PayPal, Restaurant Brands International (before the bell); Amazon, Advanced Micro Devices, Pinterest, Super Micro Computer, Starbucks (after the bell)
- Wednesday: CVS Health, Pfizer, Yum Brands (before the bell); Qualcomm, DoorDash, eBay, Etsy, Carvana (after the bell)
- Thursday: Moderna, Cigna, Peloton Interactive (before the bell); Apple, Block, Coinbase, Cloudflare,
Draftkings, Amgen (after the bell) - Saturday: Berkshire HathawayÂ
3. Off the top of the mountain?
Paramount executive Bob Bakish attends the 2022 MTV Europe Music Awards (EMAs) at the PSD Bank Dome in Duesseldorf, Germany, November 13, 2022.Â
Thilo Schmuelgen | Reuters
Paramount Global‘s board is ready to remove CEO Bob Bakish from his role as early as Monday morning, people familiar with the matter told CNBC’s Alex Sherman. They also said he won’t be on the call when Paramount reports its earnings Monday afternoon. Bakish has lost the confidence of Paramount Global’s controlling shareholder Shari Redstone, according to people familiar with her thinking, and she wanted to remove him before the company has negotiations with cable company Charter Communications. Those talks will be key to putting a valuation on Paramount as it negotiates a possible merger with Skydance Media.
4. Ad-vancements
Morning traffic outside Meta headquarters in Mountain View, California, on Nov. 9, 2022.
Peter Dasilva | Reuters
5. Tesla in China
People are shopping at a Tesla store in Shanghai, China, on Feb. 17, 2024.
Costfoto | Nurphoto | Getty Images
Tesla hit a key milestone to rolling out its whole self-driving package in China as the country removed restrictions on its cars, saying they passed data security requirements. Tesla’s cars are already available in China, but the move raises expectations that its driver-assistance software, Full Self Driving, will be available in the market soon. So far, China has limited the use of that technology. The breakthrough came as Tesla CEO Elon Musk arrived in Beijing over the weekend for an unexpected meeting with Chinese Premier Li Qiang. Tesla shares were up 9% in premarket trading Monday.
â CNBC’s Alex Harring, Fred Imbert, Alex Sherman, Ashley Capoot, Ryan Browne and Evelyn Cheng contributed to this report.
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