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5 issues to know earlier than the inventory market opens Thursday, June 17

5 things to know before the stock market opens Monday, June 14

Here are the top news, trends, and analysis investors need to start their trading day:

1. Stocks will slide after the Fed-driven Wall Street decline

Dow futures fell more than 50 points on Thursday, the day after the 30-stock average closed at 265 points, or nearly 0.8%, as the Federal Reserve raised its rate hike schedule. The Dow was down 382 points on Wednesday afternoon during Fed Chairman Jerome Powell’s news conference that began at 2 p.m. ET 30 minutes after the central bank’s political statement and forecasts were released. Like the Dow, the S&P 500 and Nasdaq hit their daily lows around the same time. But their lower closings were less strict. The S&P 500 and Nasdaq were less than 1% off Monday’s record high. The Dow was more than 2% off its previous record high in early May.

Traders on the floor of the New York Stock Exchange.

Source: NYSE

2. Central bankers indicate two rate hikes for 2023, no QE change

The Fed left rates unchanged on Wednesday and made no mention of adjusting its massive quantitative easing program to buy Covid-era bonds. Looking ahead, central bankers announced two rate hikes for 2023. In March, they hadn’t expected any rate hikes until at least 2024. The Fed also raised its inflation expectation to 3.4% on Wednesday, a whole percentage point above the March forecast. The political statement following Wednesday’s session went on to say that inflationary pressures were “temporary”, although recent data on wholesale and consumer prices showed that inflation has not reached the pace it has seen in more than a decade. The yield on 10-year government bonds rose to around 1.57% on Thursday morning. It was just under 1.5% just before the Fed’s announcements.

3. Powell tells Jobs that inflation targets come a little faster

Federal Reserve Chairman Jerome Powell

Kevin Lamarque | Reuters

Powell said that progress toward the Fed’s dual employment and inflation targets was slightly faster than expected. Central bankers have raised their GDP expectations for this year from 6.5% previously to 7%. Their estimate of the unemployment rate remained unchanged at 4.5%. As further evidence that going back to business has helped get people back to work, the latest total number of initial government jobless claims is expected to drop to a new pandemic low of 360,000 for last week. The report will be issued Thursday at 8:30 a.m. ET. Two weeks ago, new applications for unemployment benefit went below 400,000 for the first time since March 2020.

4. 11 Republican Senators support bipartisan infrastructure plan

Senator Mitt Romney, a Republican from Utah, arrives for lunch on Capitol Hill in Washington, DC on Wednesday, June 16, 2021.

Sarah Silberner | Bloomberg | Getty Images

A bipartisan senatorial group working on a $ 1 trillion infrastructure compromise has more than doubled to 21 members, a key threshold that gives momentum to its push as President Joe Biden comes at a crucial time for his huge overseas legislative priority returns. Eleven Republican senators joined the effort. In the equally divided Senate, the conservative West Virginia Democrat Joe Manchin, who supports the bipartisan measure, has stressed that he wants to pass a package with GOP votes. Biden wants a bigger bill, more like he suggested in his $ 1.7 billion American job plan. Biden left Geneva after meeting with Russian President Vladimir Putin on Wednesday, saying he has not seen the bipartisan law, but his chief of staff believes there is “some room” for a deal with the Republicans.

5. CureVac fuels almost 50% after disappointing Covid vaccine data

A volunteer receives a dose of CureVac vaccine or a placebo during a study by the German biotech company CureVac as part of a test for a new vaccine against coronavirus disease (COVID-19) in Brussels on March 2, 2021.

Yves Herman | Reuters

CureVac shares plunged nearly 50% in the US premarket on Thursday, the morning after the German biopharmaceutical company released disappointing preliminary results for its Covid vaccine candidate. It showed a preliminary effectiveness of 47% against “any severity” disease, missed the main target and challenged the potential delivery of hundreds of millions of doses to the European Union. While late studies were conducted with the more than 90% effective Pfizer BioNTech and Moderna vaccines when the original version of the coronavirus prevailed, real data so far only indicated slightly weaker protection against the new variants.

– Associated Press and Reuters contributed to this report. Follow all market activity like a pro on CNBC Pro. Get the latest on the pandemic with coronavirus coverage from CNBC.

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5 issues to know earlier than the inventory market opens Wednesday, June 16

5 things to know before the stock market opens Wednesday, June 16

Here are the top news, trends, and analysis investors need to start their trading day:

1. Equities look stable ahead of Fed meeting updates

Traders on the floor of the New York Stock Exchange.

Source: NYSE

US stock futures were flat ahead of the Federal Reserve’s two-day meeting on Wednesday afternoon. No monetary policy changes are expected, but Wall Street wants to know if the Fed still considers rising inflation to be temporary and if its latest assessment will lead to an earlier than expected rate hike and tapering of its massive bond buying program. On the first day of the Fed’s meeting and after another glowing inflation report, the S&P 500 and Nasdaq broke off their three-day winning streaks and broke off Monday’s record closing times. The Dow fell for the second straight year on Tuesday. The 30-share average was about 1.4% off its record closing price in early May.

2. Bond yields in the Fed hold pattern after the latest hot inflation data

June 2021, employees work in a factory for the production of trucks in Zhangjiakou in the northern Chinese province of Hebei.

STR | AFP | Getty Images

3. Last key economic data for the Fed to consider

New townhouses are being built in Tampa, Florida on May 5, 2021 while building materials are in high demand.

Octavio Jones | Reuters

Housing starts and permits for May, the final key economic data ahead of the Fed’s decision, are expected to be released at 8:30 a.m. ET. Economists expect new builds to rise by 3.9% to 1.63 million units a year. Housing starts fell 9.5% in April. Building permits fell 1.7% to 1.73 million in May, after a 0.3% increase in April. In addition to its policy statement, the Fed also publishes its quarterly summary of economic outlooks. According to CNBC’s latest Fed poll, economists, fund managers and Wall Street strategists see no throttling before January or the first rate hike of near zero by November 2022.

4th high-level Biden-Putin summit begins in Geneva

Russia’s President Vladimir Putin (L) and US President Joe Biden meet for talks at Villa La Grange.

Mikhail Metzel | TASS | Getty Images

As one of the most anticipated geopolitical events of the year, the meeting between US President Joe Biden and Russian President Vladimir Putin began in Geneva on Wednesday. The summit comes as relations between the two nations have deteriorated and the US accuses Russia of meddling in the elections and participating in human rights abuses and recent cyber attacks. Russia has always denied the multiple allegations, saying it was a victim of anti-Russian sentiment in the West. Biden meets Putin at G-7 and NATO summits after a whirlwind of American diplomacy with European allies.

5th study: Regeneron antibody cocktail can save hospitalized Covid patients

View of the corporate headquarters and research and development of Regeneron Pharmaceuticals on Old Saw Mill River Road in Tarrytown, New York.

Lev Radin | LightRakete | Getty Images

According to a British study, an antibody combination from the US biotech Regeneron reduces the risk of death in hospital patients with severe Covid, whose own immune system showed no reaction. Dr. Scott Gottlieb told CNBC on Wednesday, “This was the subset that the [former] President also likely fell into disrepair, “refers to when Donald Trump received Regeneron treatment during his battle with Covid last year symptoms and significantly reduces the risk of hospitalization or death.

Disclosure: Dr. Scott Gottlieb is a CNBC employee and a member of the board of directors of Covid vaccine maker Pfizer, genetic testing startup Tempus, health technology company Aetion, and biotechnology company Illumina. He is also co-chair of the Healthy Sail Panel of Norwegian Cruise Line Holdings and Royal Caribbean.

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5 issues to know earlier than the inventory market opens Tuesday, June 15

5 things to know before the stock market opens Tuesday, June 15

Here are the top news, trends, and analysis investors need to start their trading day:

1. Stock futures are ahead of inflation data, Fed meeting

US stock futures were flat on Tuesday before a key government report on wholesale prices was released that could fuel or dampen inflation fears. Either way, investors will wait for signals from the Federal Reserve regarding their tolerance for inflation when the June two-day meeting of central bank policymakers ends on Wednesday.

CNBC’s latest Fed poll of economists, fund managers, and Wall Street strategists shows they believe the Fed’s cutback in massive Covid-era bond purchases won’t begin until January and the first near-zero rate hike in November will happen 2022.

With that in mind, the Nasdaq started the week up, propelling the tech-heavy index above its late April high. The S&P 500 saw a slight rise and another record close. The Dow broke a two-day winning streak. The 30-share average was 1.1% off its last record high in early May.

2. Government reports producer prices and retail sales in May

The 10-year government bond yield ticked lower Tuesday, trading around 1.49%, ahead of the Department of Labor’s May price index and May of the Department of Commerce’s retail sales. The headline PPI and core rate excluding food and energy both increase 0.5%. Economists expect retail sales to decline 0.6% in May. Without car sales, however, an increase of 0.5% is expected. Those data points and the Wednesday morning construction starts will be the final reports central bankers will need to consider before issuing their policy statement on Wednesday afternoon, followed by Fed Chairman Jerome Powell’s press conference.

3. USA and EU resolve 17-year Boeing-Airbus dispute; Suspend tariffs

US President Joe Biden (L) and French President Emmanuel Macron (C) talk to EU Commission President Ursula von der Leyen after the family photo at the start of the G7 summit in Carbis Bay, Cornwall on June 11, 2021.

PATRICK SEMANSKY | AFP | Getty Images

The EU and the US have settled a 17-year dispute over government subsidies for their respective aircraft manufacturers Boeing and Airbus. The two sides agreed to suspend the trade tariffs resulting from the dispute for five years. European Commission President Ursula von der Leyen said at her meeting with President Joe Biden in Brussels: “This meeting started with a breakthrough in aircraft.” Last week, CNBC reported that the EU was pushing Biden’s White House to reach an agreement to end the mutual tariffs on the matter imposed during former President Donald Trump’s tenure.

4. Biden travels to Geneva to meet Russian President Putin Put

This combination of file images, taken on June 7, 2021, shows then-Democratic presidential candidate Joe Biden speaking on the 17th during a speech in Darby, Pennsylvania, and team members attending the upcoming 2018 Pyeongchang Winter Olympics January 31, 2018 in the state residence Novo-Ogaryovo outside Moscow.

Jim Watson | AFP | Getty Images

Biden, who met with European allies at a G-7 summit in the UK and a NATO summit in Belgium this week, will meet with Russian President Vladimir Putin on Wednesday in Geneva, Switzerland. It is the third time that Geneva has hosted US and Russian leaders for talks. The first, in 1955, concerned then President Dwight D. Eisenhower and then Soviet leader Nikita Khrushchev. The second took place 30 years later between then President Ronald Reagan and Mikhail Gorbachev. Both meetings made progress in easing tensions. This time around, there is hope that the Biden-Putin meeting can bring about a modest improvement in the current US-Russia crisis on issues such as Ukraine, human rights and cyberattacks.

5. US nears 600,000 cumulative deaths from Covid-19

A woman and child look at Naming the Lost Memorials as US deaths from coronavirus disease (COVID-19) are expected to exceed 600,000 in Green Wood Cemetery in Brooklyn, New York, the United States, Jan. 2021.

Brendan McDermid | Reuters

With new daily Covid cases and deaths in the US dropping dramatically along with high vaccination rates, the nation was on the verge of recording a total of 600,000 deaths from the disease. According to the Johns Hopkins University, these are the most cumulative Covid deaths of all countries in the world. The US also has the highest total infections in the world, with nearly 33.5 million cases. However, with increases in Brazil and India, these countries follow the US in total deaths, with more than 488,200 in Brazil and about 377,000 in India. When it comes to cumulative infections, it’s about: India was number 2 with just under 29.6 million and Brazil was number 3 with around 17.5 million.

– The Associated Press contributed to this report. Follow the whole market like a pro on CNBC Pro. Get the latest on the pandemic with coronavirus coverage from CNBC.

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Health

5 issues to know earlier than the inventory market opens Monday, June 14

5 things to know before the stock market opens Monday, June 14

Here are the most important news, trends and analysis that investors need to start their trading day:

1. Wall Street set to open steady after another S&P 500 record

Traders on the floor of the New York Stock Exchange.

Source: NYSE

U.S. stock futures were flat Monday after the S&P 500 eked out another record close Friday. The S&P 500 rose 0.4% for the week, notching a three-week winning streak. The Nasdaq’s gain Friday put the tech-heavy index within 0.5% of its record close in late April. The Nasdaq soared nearly 1.9% for the week, logging its fourth straight weekly gain. The Dow’s slight advance Friday inched the 30-stock average less than 1% closer to last month’s record close. However, the Dow dropped 0.8%, breaking a two-week winning streak.

The 10-year Treasury yield was steady early Monday, firmly below 1.5%, ahead of Federal Reserve’s June meeting on Tuesday and Wednesday. Inflation will be front and center on investors’ minds after last week’s hotter-than-expected consumer price index reading for May. The Fed has been promising to keep its extraordinary Covid-era easy money measures in place — massive asset buying and near zero interest rates — claiming any price pressures will be transitory.

2. Novavax says its Covid vaccine is 90% effective overall

A woman holds a small bottle labeled with a “Coronavirus COVID-19 Vaccine” sticker and a medical syringe in front of displayed Novavax logo in this illustration taken, October 30, 2020.

Dado Ruvic | Reuters

Biotech firm Novavax said Monday its Covid vaccine was shown to be safe and 90.4% effective overall in a phase three clinical trial of nearly 30,000 participants across the U.S. and Mexico. Additionally, the two-dose vaccine was found to be 100% effective in preventing moderate and severe disease and 93% effective against some variants. Novavax plans to file for authorization with the Food and Drug Administration in the third quarter. If allowed for emergency use, it would join shots from Pfizer, Moderna and Johnson & Johnson that already received U.S. approval. Shares of Novavax rose 5% in premarket trading.

3. Bitcoin jumps after Tudor Jones endorsement, Musk tweet

Bitcoin popped back above $40,000 on Monday, shortly after investor Paul Tudor Jones endorsed it in a CNBC interview and one day after Tesla CEO Elon Musk tweeted that the electric auto maker could accept bitcoin transactions again in future. Musk said Sunday that Tesla will resume allowing bitcoin transactions “when there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend.” Tesla halted car purchases with bitcoin in mid-May, citing concerns over the climate impact of cryptocurrency mining.

4. Biden to attend NATO summit after G-7 gathering, ahead of Putin meeting

US President Joe Biden attends the G7 summit in Carbis Bay, Cornwall on June 11, 2021.

Leon Neal | AFP | Getty Images

President Joe Biden is set to attend a NATO summit in the Belgium capital Brussels on Monday, aiming to consult European allies on efforts to counter provocative actions by China and Russia. Biden will also highlight the United States’ commitment to the 30-nation alliance, which was frequently maligned by former President Donald Trump. Biden’s trip to Europe started with a G-7 meeting, which ended Sunday with promises to enact measures on Covid vaccines and a global corporate tax as well calls for China “to respect human rights and fundamental freedoms.” Biden is set to sit down with Russian President Vladimir Putin in Geneva, Switzerland, on Wednesday.

5. Israel’s new government gets to work after Netanyahu ouster

Leader of the Israeli Yemina party, Naftali Bennett, delivers a political statement at the Knesset, the Israeli Parliament, in Jerusalem, on May 30, 2021.

YONATAN SINDEL | AFP | Getty Images

For the first time in 12 years, Israelis woke up to a new prime minister after 49-year-old Naftali Bennett late Sunday secured the backing of parliament and ousted longtime leader Benjamin Netanyahu. Under a coalition agreement, Bennett, a former ally of Netanyahu turned rival, will hold office of the premier for the first two years of the term, and then Foreign Minister Yair Lapid, the architect of the coalition, will become prime minister. Netanyahu, the longest to hold office, will now serve as the opposition leader. The 71-year-old has made clear he has no intention of exiting the political stage.

— The Associated Press contributed to this report. Follow all the market action like a pro on CNBC Pro. Get the latest on the pandemic with CNBC’s coronavirus coverage.

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5 issues to know earlier than the inventory market opens Friday, June 11

5 things to know before the stock market opens Friday, June 11

Here are the most important news, trends and analysis that investors need to start their trading day:

1. S&P 500 looks to add to Thursday’s record close

A Wall Street sign is pictured outside the New York Stock Exchange amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York, April 16, 2021.

Carlo Allegri | Reuters

U.S. stock futures rose Friday, one day after the S&P 500 logged its 27th record close of 2021 but its first since May 7. Shaking off a red-hot inflation report, the Dow also rose Thursday, breaking a three-session losing streak and finishing less than 1% from last month’s record close. The Nasdaq’s gain Thursday brought the tech-heavy index within 1% of its last record close in late April.

Ahead of Friday’s open on Wall Street, the Nasdaq was up 1.5% for the week, on pace for a fourth straight weekly gain for the first time since January. The S&P 500 was looking to clinch a three-week winning streak. The Dow was off 0.8% for the week, on track to break two positive weeks in a row.

The 10-year Treasury yield ticked lower Friday, trading just above 1.4%, around its early March lows before it spiked above 1.7% to 14-month highs later that month.

2. Meme stocks get some relief after hitting a wall

SELINSGROVE, PENNSYLVANIA, UNITED STATES – 2021/01/27: A woman walks past the GameStop store inside the Susquehanna Valley Mall. An online group sent share prices of GameStop (GME) and AMC Entertainment Holdings Inc. (AMC) soaring in an attempt to squeeze short sellers.

Photo by Paul Weaver/SOPA Images/LightRocket via Getty Images

Meme stocks were getting some relief early Friday after hitting a wall Thursday. Shares of GameStop, which tanked 27% on Thursday, rose 6% in the premarket. GameStop investors seemed to be running for the exits Thursday, one day after the video game retailer announced the appointments of two former Amazon executives as CEO and CFO and said it may sell as many as 5 million additional shares to raise money. GameStop — off about 50% from its $483 per share all-time high in January — remained up nearly 1,100% in 2021. Last week’s big winner, AMC Entertainment, rose 4% in Friday’s premarket after closing down 13% on Thursday. The stock — down more than 40% from last week’s all-time high of $72.62 — was still up 1,900% this year.

3. Biden, G-7 leaders to endorse a global minimum corporate tax

U.S. President Joe Biden poses for a picture during a meeting with Britain’s Prime Minister Boris Johnson (not pictured) ahead of the G7 summit, at Carbis Bay, Cornwall, Britain June 10, 2021.

Toby Melville | Reuters

President Joe Biden and G-7 leaders will publicly endorse a global minimum corporate tax of at least 15% on Friday, one piece of a broader agreement to update international tax laws for a globalized, digital economy. Meeting at a resort in the U.K., the world leaders will also announce a plan to replace Digital Services Taxes, which targeted the biggest American tech companies, with a new tax plan linked to the places where multinationals are actually doing business, rather than where they are headquartered. The White House also said G-7 leaders will agree to “continue providing policy support to the global economy for as long as necessary to create a strong, balanced, and inclusive economic recovery.”

4. Two Royal Caribbean passengers test positive for Covid

A file photo shows the Celebrity Millennium cruise ship at Kai Tak cruise terminal in Kowloon Bay.

Felix Wong | South China Morning Post | Getty Images

Royal Caribbean said late Thursday that two guests onboard its Celebrity Millennium ship tested positive for Covid. According to the cruise operator, which didn’t reveal their ages, the passengers were asymptomatic and in isolation. Celebrity Millennium was one of the first cruises in North America to restart sailing last week. In lifting the more than one year pandemic halt, the CDC required a fully vaccinated crew and everyone over 16 to present proof of vaccination. In the early days of Covid last year, cruise ships became hotbeds for the coronavirus.

5. Tesla begins deliveries of its new Model S Plaid

Tesla Model S Plaid

Source: Tesla

Tesla kicked off deliveries of its new Model S Plaid, with a livestream event Thursday night at the electric auto maker’s test track near its Fremont, California factory. CEO Elon Musk made his entrance by driving a Model S Plaid around the track and onto the stage. Musk, in weeks before the even, hyped the months-delayed vehicle as the “quickest production car ever made.” The Model S Plaid, a high-performance version of Tesla’s flagship sedan, starts at $129,990 compared with $79,990 for a long-range 2021 Model S. On Sunday, Musk tweeted that Tesla canceled the $150,000 Model S Plaid Plus, saying there was “no need, as the Plaid is just so good.”

— Reuters contributed to this report. Follow all the market action like a pro on CNBC Pro. Get the latest on the pandemic with CNBC’s coronavirus coverage.

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5 issues to know earlier than the inventory market opens Monday, June 7

5 things to know before the stock market opens Monday, June 7

Here are the key news, trends, and analysis investors need to start their trading day:

1. Dow, S&P 500 stand less than 1% of record closing highs

A trader on the New York Stock Exchange, June 4, 2021.

Source: NYSE

2. Jeff Bezos will fly Blue Origin’s first passenger space flight next month

Jeff Bezos drives a Rivian R1T electric truck through the Blue Origin launch facility in Texas.

Blue origin

Jeff Bezos will fly on the first passenger flight of his space company Blue Origin. The company plans to launch the mission on July 20, the Amazon billionaire announced on Monday. Bezos and his brother Mark will join the winner in a public auction held for one of the seats. The bid for the auction was $ 2.8 million before Bezos announced he would be on board. Bezos’ Blue Origin and Elon Musk’s SpaceX are two of the largest commercial space companies.

3. Elon Musk Says Tesla has officially canceled the Model S Plaid Plus

Musk, co-founder and CEO of Tesla, tweeted on Sunday that the electric automaker canceled the most expensive variant of its flagship sedan, the $ 150,000 Model S Plaid Plus.

Tesla had promised that a Plaid Plus version of its new Model S would give drivers 1,100 horsepower, 520 miles of range on a fully charged battery, and zero to 60 mph in less than two seconds. The remaining high-end version of the Model S Plaid for $ 119,900 should have a battery capable of 390 miles with 1,020 horsepower and similar acceleration.

4. AMC stocks rose after skyrocketing in a wild week of trading

Pedestrians pass an AMC theater in New York.

Scott Mlyn | CNBC

AMC Entertainment’s shares rose 8% in the premarket on Monday after rising more than 80% in a wild week despite declines on Thursday and Friday. The cinema chain sold additional shares in two tranches last week, raising around $ 817 million. CEO Adam Aron told YouTube host and AMC shareholder Trey Collins that the company plans to issue an additional 25 million shares.

Emily Blunt, Millicent Simmonds and Noah Jupe star in “A Quiet Place Part II”.

Parent

The cinema business, decimated by the Covid pandemic, showed further signs of a return to normal. A Quiet Place Part II fell 59% to $ 19.5 million after a stellar opening over Memorial Day holiday weekend last weekend. However, the Paramount sequel has raised $ 88.6 million in the US and Canada. Warner Bros.’s “The Conjuring: The Devil Made Me Do It” topped the weekend box office and debuted with a profit of $ 24 million.

5. G-7 agrees on global tax reform; Yellen talks about the Biden agenda, tariffs

British Chancellor of the Exchequer Rishi Sunak (center), US Treasury Secretary Janet Yellen (right) attends the first day of the G-7 Finance Ministers’ Meeting on June 4, 2021 at Lancaster House in London.

Stefan Rousseau | AFP | Getty Images

The Treasury Ministers of the most advanced economies, known as the Group of Seven, have backed a US proposal requiring companies around the world to pay at least 15% tax. Treasury Secretary Janet Yellen tweeted that a “global minimum tax would end the race to the bottom in corporate taxation and ensure fairness for the middle class and working people in the US and around the world.”

Former Federal Reserve chairman Yellen said in a Bloomberg interview that President Joe Biden’s $ 4 trillion spending agenda would be positive for the country even if it led to a surge in interest rates. “If we had a slightly higher interest rate environment in the end, that would actually be a plus for society and the Fed,” said Yellen.

– The Associated Press contributed to this report. Follow the whole market like a pro on CNBC Pro. Get the latest on the pandemic with coronavirus coverage from CNBC.

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Health

5 issues to know earlier than the inventory market opens Tuesday, June 1

5 things to know before the stock market opens Tuesday, June 1

Here are the key news, trends, and analysis investors need to start their trading day:

1. Dow jumps on the first day of June

The New York Stock Exchange welcomes Lightning eMotors (NYSE: ZEV) on May 24, 2021 to celebrate its transition to a public company.

NYSE

June was set for a positive start on Wall Street. Dow futures led on Tuesday with a gain of over 250 points of more than 0.7%. The Dow Jones Industrial Average and S&P 500 broke two-week losing streaks with weekly gains of around 1%. The Nasdaq rose 2% last week for its first two-week winning streak since mid-April. However, the Nasdaq bucked May’s uptrend, losing 1.5% and ending a six-month winning streak. Investors have their sights set on Friday’s May Labor Market Report, as well as the Federal Reserve Policy Makers’ Meeting on May 15-16. June.

A bitcoin logo displayed on a smartphone with stock market percentages in the background in this illustration dated April 26, 2021.

Omar Marques | SOPA Pictures | LightRakete | Getty Images

Bitcoin – less than 44% from April’s all-time high of $ 65,000 – traded below $ 36,000 on Tuesday. The world’s largest digital currency returned to levels not seen since February. Bitcoin crashed last month, tumbling more than 30% to around $ 30,000 on May 19. At Tuesday’s levels, however, it was still up 24% in 2021 and up 275% over the past 12 months.

2. AMC stocks add to last week’s strong rally

AMC Empire 25 in Times Square is open as New York City theaters reopen on March 5, 2021 for the first time in a year since the coronavirus shutdown.

Angela Weiss | AFP | Getty Images

AMC Entertainment rose again Tuesday, gaining 21% in pre-trading hours after selling more than 8 million shares to an investment firm. It is the latest in a series of capital increases for the ailing theater chain. AMC stock doubled last week on extremely high volume as retail investors re-piqued interest on Reddit’s WallStreetBets forum. AMC CEO Adam Aron tweeted early Tuesday in support of the stock sale.

3. Biden announces new efforts to narrow the racial wealth gap

U.S. President Joe Biden speaks with First Lady Jill Biden during a visit to Joint Base Langley-Eustis in Hampton, Va., Jan.

Ken Cedeno | Reuters

President Joe Biden will unveil new measures his administration is planning on Tuesday to address the racial wealth gap. During a trip to Oklahoma to commemorate 100 years since the Tulsa massacre, Biden will see an increase in the percentage of federal contracts for small, disadvantaged businesses, the repeal of two Trump-era housing rules, and an initiative to combat inequality in valuation announce of homes.

4. Elon Musk reveals the reason for the price increases for Tesla vehicles

5. SoFi will debut on Wall Street after the SPAC deal is closed

The Social Finance (SoFi) website on a laptop set up in the Brooklyn neighborhood of New York, United States on Friday, March 26, 2021.

Gabby Jones | Bloomberg | Getty Images

Social Finance is expected to debut as a publicly traded company on Tuesday after finalizing its merger with a SPAC backed by venture capital investor Chamath Palihapitiya last week. The transaction, announced in January with the special purpose vehicle Social Capital Hedosophia Corp V, valued SoFi at $ 8.65 billion. Palihapitiya, an early Facebook executive, recently took several companies public through SPACs, including Virgin Galactic.

– Reuters contributed to this report. Follow the whole market like a pro on CNBC Pro. Get the latest on the pandemic with coronavirus coverage from CNBC.

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Day by day U.S. knowledge on June 3

Daily U.S. data on June 3

A man receives a test for coronavirus disease (COVID-19) in a mobile test car in Brooklyn, New York on June 2, 2021.

Brendan McDermid | Reuters

Average daily Covid cases remained below 20,000 for the third day in a row on Wednesday, according to data compiled by Johns Hopkins University.

At the same time, federal data shows the pace of daily reported vaccinations has fallen to a seven-day average of 1.1 million, the lowest level in months. White House Covid data director Cyrus Shahpar wrote in a tweet on Wednesday that Memorial Day holiday is responsible for lower vaccine administration and a delay in reporting.

According to the Centers for Disease Control and Prevention, approximately 51% of the total US population and 63% of American adults have had one or more vaccinations.

Covid cases in the USA

According to Hopkins data, the US reports an average of about 16,300 infections per day over the past week. Many states did not report any data on Memorial Day and may still be in the process of cleaning up their residues.

Covid deaths in the US

The seven-day average of daily Covid deaths in the US is 537, Hopkins data shows. This number could also be affected by lack of coverage on Memorial Day weekend and is made more complicated by data reviews by state health officials.

For example, on Tuesday, Kentucky Governor Andy Beshear announced that an audit found 260 new Covid deaths, according to the Associated Press. All of these are currently attributed to June 1 in the Hopkins data, although they occurred earlier in the pandemic.

Nevertheless, the daily reported death rates are far below the increased values ​​of last spring and last winter.

US vaccine shots given

The US reports an average of 1.1 million daily vaccinations over the past week, CDC data shows.

President Joe Biden on Wednesday redoubled his administration’s efforts to get more Americans vaccinated against Covid-19 by July 4th. Biden’s goal is to get 70% of American adults to get at least one vaccination by then.

US percentage of vaccinated population population

Approximately 51% of Americans have had one or more vaccinations, and 41% are fully vaccinated.

63% of those over the age of 18 are at least partially vaccinated.

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Entertainment

Watch These 15 Titles Earlier than They Depart Netflix in June

Watch These 15 Titles Before They Leave Netflix in June

Writer and director Mike Mills (“Beginners”) based this coming-of-age story in 2016 on his own teenage years and the single mother who raised him. In his film, it’s Dorothea (a great Annette Bening), who rents the guest rooms in her big, chaotic house to William, a handsome carpenter (Billy Crudup), and Abbie, a hip young photographer (Greta Gerwig). Hoping to raise her teenage son to be a sensitive young man, she turns to Abbie and her son’s best friend, Julie (Elle Fanning), for help. The late 1970s backdrop sets the stage for nostalgia, and the sunny Southern California setting promises plenty of good vibes. But Mills isn’t interested in sticking to what was before; this is a confused, complicated accounting.

Stream here

The television adaptations of Armistead Maupin’s richly textured series of San Francisco novels have appeared on a variety of networks for more than two decades, most recently with Netflix’s own revival in 2019. But it all started with that 1993 miniseries in the Mary Ann Singleton (Laura Linney) moves to San Francisco in the summer of 1976. However, she is just one of many fascinating characters in Maupin’s tapestry of Life in a Vibrant Time. Olympia Dukakis, Barbara Garrick, Mary Kay Place, Ian McKellen, Janeane Garofalo and Chloe Webb belong to the bulging ensemble.

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This 1977 World War II epic poem by Richard Attenborough is like the who’s who of the ’70s stars: Dirk Bogarde, James Caan, Michael Caine, Sean Connery, Elliot Gould, Gene Hackman, Anthony Hopkins, Laurence Olivier, Ryan O’Neal, Robert Redford Red, and Liv Ullmann all show up, and even if few of them share scenes, indulging in the movie star’s sheer performance is still fun. Connery makes the most of his time as a major in the British Airborne Division realizing the seemingly tough mission may not be successful. But Hopkins quietly steals several scenes as a gentleman commanding officer, whose manners occasionally disrupt his mission.

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“This is Miss Bonnie Parker and I’m Clyde Barrow,” says Warren Beatty. “We’re robbing banks.” And they did so across the United States during the Great Depression, when the desperation of the time turned them from common criminals to folk heroes. This 1967 crime drama by Arthur Penn took that mythologization even further, filling the title roles with glamorous movie stars (Faye Dunaway plays Bonnie) and telling her story with a style and moral malleability borrowed from European art cinema. The results changed American filmmaking and spawned a new movement of intricate antihero and cinematic experimentation.

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5 issues to know earlier than the inventory market opens Friday, June 4

5 things to know before the stock market opens Friday, June 4

Here are the top news, trends, and analysis investors need to start their trading day:

1. Stock futures rose after the slight job report in May

Trader on the New York Stock Exchange.

Source: NYSE

U.S. President Joe Biden (left) wears a protective mask while speaking with Senator Shelley Moore Capito, a Republican from West Virginia, in the Oval Office of the White House in Washington, DC, the United States, on Thursday, Jan.

TJ Kirkpatrick | Bloomberg | Getty Images

US companies observe infrastructure talks between President Joe Biden and Senator Shelley Moore Capito, the GOP negotiator. They want to meet again on Friday. At their meeting on Wednesday, Biden proposed a minimum 15% tax on businesses as part of a compromise to pay for a smaller infrastructure package worth $ 1 trillion.

2. Employment growth in May has doubled compared to April

A General Motors assembly worker loads engine block castings onto the assembly line at the GM Romulus Powertrain plant in Romulus, Michigan, the United States, August 21, 2019.

Rebecca Cook | Reuters

Employment growth last month was about twice as fast as in April. The US economy added 559,000 non-agricultural workers in May, compared with an estimate of 671,000. As the restrictions on the Covid pandemic were further relaxed, 186,000 food services and drinking places were added in May. The total number of jobs in April has been revised up by 12,000 to 278,000.

The country’s unemployment rate fell to 5.8% in May, compared to estimates of 5.9%. Investors continued to believe that a modest increase in jobs would prevent the Federal Reserve from hike rates and tighten monetary policy.

3. AMC boss advocates selling more shares in a YouTube interview

Chairman / CEO of AMC Entertainment Inc. Adam Aron speaks on stage at the Will Rogers Pioneer of the Year Dinner 2018 at Caesars Palace during CinemaCon, the official convention of the National Association of Theater Owners, on April 25, 2018 in Las Vegas, Nevada .

Alberto E. Rodriguez | Getty Images

AMC Entertainment’s shares fell more than 3% in the premarket on Friday, in a wild, Reddit-fueled week of trading that saw shares nearly double on Wednesday and then retreat nearly 18% on Thursday. CEO Adam Aron sat down with Trey Collins, the host of Trey’s Trades channel on YouTube, on Thursday evening. Many of the channel’s subscribers are AMC investors. After two separate stock sales this week that raised approximately $ 800 million in cash, Aron urged shareholders to support a new plan to issue an additional 25 million shares. Aron reiterated that AMC is looking at a number of acquisition opportunities.

4. Bitcoin falls after Elon Musk tweeted a breakup meme

Bitcoin fell nearly 5% to around $ 36,700 on Friday morning, hours after Tesla CEO Elon Musk tweeted a meme depicting a couple breaking up using a bitcoin hashtag and broken heart emoji. Other cryptocurrencies, including Ether and Dogecoin, also fell. In May, Musk said that Tesla would no longer accept Bitcoin as a payment method due to concerns about energy consumption.

5. Bill Ackmans SPAC confirms talks to acquire 10% of Universal Music

Bill Ackman, Founder and CEO of Pershing Square Capital Management.

Adam Jeffery | CNBC

Pershing Square Tontine Holdings, the special purpose vehicle owned by billionaire investor Bill Ackman, confirmed on Friday that it is in talks to buy 10% of Universal Music Group for around $ 4 billion. The transaction would be worth approximately $ 42 billion to Universal Music. The holding company said the transaction would not result in a merger and Universal Music would conduct a scheduled listing on Euronext Amsterdam in the third quarter of 2021.

– The Associated Press contributed to this report. Follow all market activity like a pro on CNBC Pro. Get the latest on the pandemic with coronavirus coverage from CNBC.