5 things to know before the stock market opens on Tuesday – CNBC | CialisWay

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

The long holiday weekend should have done the US stock markets good. The three major indices looked like they could open Tuesday’s session in positive territory. Stocks are down for three straight weeks, and the Nasdaq has closed lower for six straight days, its longest losing streak since 2019. It’s now widely believed that the Federal Reserve will raise its benchmark interest rate again by three quarters of a point this month, however investors are looking for clarity on what will happen next and whether the economy can use an even stronger medicine.

CVS Health goes even further than the pharmacy business. The company announced Monday that it has agreed to buy home health care company Signify Health for around $8 billion. The match seemed only a matter of time. Signify was reportedly evaluating strategic alternatives, including a potential sale. Amazon, which is making its own move into healthcare, was mentioned as a potential bidder after it secured a $3.9 billion deal for OneMedical in July. CVS also announced last month that it intends to acquire or purchase an interest in a primary healthcare provider by the end of this year.

The story of Bed Bath & Beyond took a shocking and chilling turn over the weekend when it was revealed that the retailer’s chief financial officer, Gustavo Arnal, had taken his own life. Arnal was pronounced dead on Friday, just two days after he briefed investors on the ailing company’s turnaround plan, which included a new loan to shore up its finances, store closures and layoffs. Arnal’s death exacerbates the leadership gap at Bed Bath, which has an interim CEO and recently eliminated other senior positions, including chief operating officer. Shares of the company continued to suffer early Tuesday morning as the market cap fell to just under $690 million at the close on Friday.

The Boris Johnson era is over. Now, after all the twists, turns and scandals of BoJo’s tenure as British Prime Minister, it’s Liz Truss’s turn to solve the nation’s economic woes. Rising prices, and in particular rising energy costs, have wreaked havoc on much of British life, including in schools where children are faced with smaller lunch portions made up of inferior food. Truss, a Conservative Party member, is interested in cutting taxes and spending and has announced she would temporarily suspend so-called green taxes on skyrocketing energy bills, although experts have warned she must do more than that. It also plans to merge banking regulators in the City of London, a move observers said would result in a “light regulatory regime”.

According to the CEO of German Uniper, we are facing the worst days of the European energy crisis. “What we are seeing in the wholesale market is 20 times the price we saw two years ago – 20 times. So I think we really need to have an open discussion with everyone who takes responsibility on how to fix that,” Klaus said. Dieter Maubach opposite CNBC’s Hadley Gamble in Milan. His warning comes after Russia halted gas flow on Friday due to an oil leak at a compressor station. Siemens Energy, which Russia says is on track to fix the problem, said the leak was not a technical reason for stopping the flow of gas.

– CNBC’s Samantha Subin, Leslie Josephs, MacKenzie Sigalos, Holly Ellyatt, Hannah Ward-Glenton and Sam Meredith contributed to this report.

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