5 issues you need to know earlier than the inventory market opens on Tuesday, August 24th
Here are the top news, trends, and analysis investors need to start their trading day:
1. S&P 500 is set to open with a record after closing
Traders will work on the floor of the New York Stock Exchange (NYSE) in New York on Monday, August 23, 2021.
Michael Nagel | Bloomberg | Getty Images
US stock futures rose Tuesday, a day after a strong rally led by the reopening of names as the FDA granted full approval to Pfizer’s Covid vaccine. The Nasdaq closed with a record. The S&P 500 just ended a new high. The Dow Jones Industrial Average ended Monday less than 1% off its last record high last week. The approval of Pfizer’s two-shot vaccine was seen as a trailblazer for further mandates in light of the proliferation of the Delta variant.
Another potentially market-moving event this week comes as Federal Reserve Chairman Jerome Powell speaks ahead of the Jackson Hole, Wyoming business symposium on Friday, practically held this year due to the spike in Covid cases nationwide. Central banks have started talks to withdraw the $ 120 billion monthly bond purchase program by the end of this year.
2. Disney World reaches agreement with unions to require Covid vaccinations
A breathtaking fireworks display will take place on July 1, 2021 at Magic Kingdom Park at Walt Disney World Resort in Lake Buena Vista, Florida. .
Liao pan | China Intelligence Service | Getty Images
Disney has reached an agreement with its unions that all unionized workers at Walt Disney World in Florida will be fully vaccinated against Covid by October 22nd.Employees in the United States were required to be fully vaccinated against the coronavirus by the end of September. No agreement has been reached with unions on the west coast that look after Disneyland Resort employees.
3. FAA is reportedly reviewing Boeing’s work safety claims
On Monday, April 27, 2009, a sign will be posted at Boeing Co.’s headquarters in Chicago, Illinois, USA, instructing airlines to postpone orders and forcing the aircraft manufacturer to postpone a model.
Tim Boyle | Bloomberg | Getty Images
The Federal Aviation Administration has initiated a review of how Boeing employees are handling safety matters on behalf of the FAA, according to an agency letter viewed by the Wall Street Journal and people familiar with the matter. Some engineers at the company said they were under undue pressure, the Journal reports. Boeing said the company is treating “these matters with the utmost seriousness,” adding that it is working to strengthen the independence of workers who assist the FAA with certain tasks such as safety testing and clearing aircraft delivery.
4. Middle Democrats derail House votes on the Biden agenda
US President Joe Biden answers questions about the ongoing US military evacuations of US citizens and vulnerable Afghans in the East Room of the White House in Washington, DC on August 20, 2021.
Andrew Caballero-Reynolds | AFP | Getty Images
The House of Representatives plans to meet again on Tuesday as Democrats seek to reach an agreement to advance legislation they see as a boon to American households. President Joe Biden’s domestic goals and his party’s desire to maintain control of Congress in next year’s midterm elections may depend on the Democrats’ ability to find a compromise. The House canceled a scheduled vote on Monday to put forward two key economic proposals. House Speaker Nancy Pelosi plans to simultaneously pass a bipartisan infrastructure bill worth $ 1 trillion and the Democrats’ separate $ 3.5 trillion spending plan.
5. World leaders are preparing for the G-7 emergency meeting on Afghanistan
U.S. Marines provide assistance at an Evacuation Check Point (ECC) during an evacuation at Hamid Karzai International Airport, Afghanistan, Jan.
US Marines | Reuters
British Prime Minister Boris Johnson will convene an emergency meeting of G-7 leaders on Tuesday to address the chaotic situation in Afghanistan. The meeting comes just a week before the deadline for the full withdrawal of US forces from Afghanistan on August 31. Johnson is expected to request Washington to extend that deadline, which Biden has openly considered. But the Taliban have announced that they will not accept an extension.
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