5 things you should know before the stock market opens Monday

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

Traders work on the floor of the New York Stock Exchange during morning trading on February 22, 2023 in New York City.

Michael M. Santiago Getty Images

1. Return

Stock futures rose on Monday as the major averages tried to bounce back after Friday’s session ended with its biggest weekly loss. The news is still inflation, the Federal Reserve and consumer spending. Monday brings data on durable goods orders, and later in the week investors will look to the latest consumer confidence and ISM manufacturing surveys, as well as more key retail earnings. “As we enter a bear market environment, with increasing bets that the Fed may go with a 50bps rate hike instead of 25bps in March, although still a minority view, short-term market risks remain to down despite three straight weeks of losses,” said Louis Navellier, president and founder of investment firm Navellier & Associates. “The rats are clearing themselves after being kicked out in January.” Follow live market updates.

2. Buffett on buybacks

Warren Buffett

Gerard Miller CNBC

The “Oracle of Omaha” wrote in Berkshire Hathaway’s annual newsletter that stock buybacks are beneficial to all shareholders, saying, “When you are told that all repurchases are harmful to shareholders or to the country, or especially beneficial to the CEO, you are listening. either economically illiterate or silver-tongued (characteristics that are not mutually exclusive).” Warren Buffett’s investor letter is hot every year to understand investment strategies and the benefits of a business perspective. Berkshire launched a buyback program in 2011 and has relied on buybacks in recent years as sales dried up and stocks became expensive. “Your commitment to most of our businesses is increasing,” said Buffett. “Available from the repurchase of the value-value, it should be emphasized, the use of all owners – in all respects.”

3. 11 hour delay

A SpaceX Falcon 9 rocket with a Crew Dragon helicopter refuels before liftoff from pad 39A for the Crew-6 mission at NASA’s Kennedy Space Center in Cape Canaveral, Florida, on February 27 , 2023.

Chandan Khanna | Afp | Getty Images

NASA’s Crew 6, which will carry four crew members to the International Space Station on a SpaceX rocket, was delayed early Monday morning – two and a half minutes before launch – due to a problem with technology about the flow of fire water. The SpaceX Falcon 9 rocket and Crew Dragon capsule are scheduled to lift off at approximately 1:45 a.m. from NASA’s Kennedy Space Center in Cape Canaveral, Florida, and are scheduled to carry two American astronauts, a Russian airspace and a United Arab Emirates plane. the six month journey. SpaceX said later Monday morning it would target “no later than Thursday morning”, after midnight, for another launch attempt.

4. Saudi Arabia supports Ukraine

Saudi Foreign Minister Prince Faisal bin Farhan Al-Saud arrived in Kyiv for a joint press conference with the Head of the Office of the President of Ukraine and the Minister of Foreign Affairs of Ukraine in Kyiv on February 26, 2023.

Genya Savilov Afp | Getty Images

Ukraine received help from a potential donor: Saudi Arabia. The Russian oil alliance has signed a $400 million aid program for Ukraine after a diplomatic visit that included Saudi Foreign Minister Prince Faisal bin Farhan Al Saud, Ukrainian Dmytro Kuleba and Andriy Yermak, the head of the country’s presidential office. Ukraine. The agreement calls for 100 million US dollars to carry out joint humanitarian projects between the countries, according to the Saudi Press Agency. “Of course, we are working on a high level of visits and relations. But in the end we reached an agreement,” said Ukrainian President Volodymyr Zelenskyy. “This … brings meaningful and important results for Ukrainians, especially regarding the release of prisoners of war. I thank our Saudi friends for their cooperation and assistance.” Follow CNBC’s live updates on the war in Ukraine.

5. Lightning twice

The Ford F-150 Lightning is produced at the Rouge Automotive Center in Dearborn Michigan.

Company: Ford Motor Co.

Ford He extended the suspension of the F-150 Lightning after a battery problem caused one of the carriers to fire earlier this month. The automaker told CNBC on Friday that its battery supplier, SK, has returned to building battery cells at a Georgia plant, but Ford said it will take time “to make sure they’re back to building the cells.” quality and delivery to produce lightning. line.” The Lightning F-150 is central to Ford’s vehicle transformation plans and is viewed by many in the industry as the best candidate to take the public out of the truck segment. and overcrowding.

— CNBC’s Tanaya Macheel, Yun Li, Holly Ellyatt, Michael Wayland and Reuters contributed to this report.

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