Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, the United States, September 9, 2022.

Brendan McDermid | Reuters

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

1. Futures go up

US stock markets were primed to open slightly higher on Monday morning as investors sought momentum from last week’s gains. All three major indices have been on a three-week losing streak as markets grapple with the reality of another big rate hike by the Federal Reserve. The central bank’s monetary policy committee is expected to hike interest rates by three-quarters of a point next week, even as inflation shows signs of moderating slightly. Investors will get the latest inflation data on Tuesday, when the government is due to release the August consumer price index.

2. Ukraine strikes back

Military personnel from Ukraine’s State Security Service pose for a photo in the recently liberated city of Kupyansk, in Ukraine’s Kharkiv region, in this handout picture released on September 10, 2022.

Press Service of the State Security Service of Ukraine | Via Reuters

The Ukrainian military has Russia in two parts of the country on the run. Having made significant progress in southern Ukraine, the nation’s forces, supported by US and other Western allied arms, unleashed a lightning counteroffensive in the northeast. According to a Russian official, “the situation is getting more difficult by the hour” for Kremlin forces in what has been a humiliating few weeks for Russian President Vladimir Putin. Ukraine claims it regained more than 1,100 square miles of territory occupied by Russia this month. Follow live updates here.

3. Chapek casts a spell at D23

Disney Chief Executive Officer Bob Chapek speaks at the 2022 Disney Legends Awards during Disney’s D23 Expo in Anaheim, California on September 9, 2022.

Mario Anzuoni | Reuters

Disney CEO Bob Chapek went on a charm offensive at D23 Expo over the weekend, sending positive messages to fans, employees and investors alike. It seemed to be working, too, at least for one big activist investor. Third Point CEO Dan Loeb had been pushing the entertainment and media giant to spin off its ESPN operations, but he backed down on the matter with a tweet Sunday morning. “We have a better understanding of @espn’s potential as a standalone company and another vertical for $DIS to reach global audiences to generate ad and subscriber revenue,” he said. Chapek had told Variety that Disney has “a vision” for where ESPN fits into the company’s plan for the next 100 years. “We didn’t share that plan,” he added.

4. JPMorgan buys another fintech company

JP Morgan CEO Jamie Dimon speaks at the Boston College Chief Executives Club luncheon in Boston, Massachusetts, the United States, on November 23, 2021.

Brian Snyder | Reuters

To counter the fast-growing Stripe and Block, JPMorgan Chase has agreed to buy fintech payments startup Renovite, reports CNBC’s Hugh Son. Chase is already the world’s leading service provider to merchants. It processes about $9 trillion in transactions every day. But executives at the legacy bank, particularly CEO Jamie Dimon, have sounded the alarm about emerging competitors. Since late 2020, as the Covid pandemic raged, JPMorgan has acquired at least five fintech startups in a tech spending frenzy that has drawn some criticism. The Renovite deal allows the bank to expand more quickly in global markets because it doesn’t require as much coding, Mike Blandina, global head of payments technology at JPMorgan, told CNBC.

5. New chip restrictions

U.S. President Joe Biden attends the groundbreaking ceremony for Intel’s new semiconductor manufacturing facility in New Albany, Ohio on September 9, 2022.

Joshua Roberts | Reuters

The Biden administration will unveil new restrictions on US semiconductor supplies to China next month, Reuters reported, citing several people familiar with the matter. The limits focus on chips used for artificial intelligence and tools used to manufacture semiconductors. KLA, Lam Research and Applied Materials were notified in writing earlier this year of the upcoming changes, and the companies acknowledged the notification. Reuters also reported that some of its sources for the article said the administration may also unveil additional measures against China as President Joe Biden pushes to make the United States more competitive with its rival.

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

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