5 things to know before the stock market opens on Friday

Trader on the floor of the New York Stock Exchange, September 1, 2022.

Source: NYSE

Here are the most important news that investors need to start their trading day:

1. Stocks and Jobs

Stock futures rose Friday morning after the monthly jobs report. US stock markets come off a mixed Thursday, with the Dow and S&P 500 exiting a four-day losing streak, while the Nasdaq suffered its fifth consecutive day of losses – its longest slide since February. Investors are looking for clues about how aggressive the Federal Reserve will be later this month, when the central bank is widely expected to raise interest rates again in its fight against inflation. The economy added 315,000 jobs last month. Economists had expected an increase of 318,000, according to Dow Jones.

2. A new CEO of Starbucks, at last

Laxman Narasimhan

Source: Business Wire

Starbucks has chosen its next CEO: Laxman Narasimhan, who has just resigned as CEO of Reckitt, which owns brands Lysol Cleaning, Durex Condoms and more. However, Howard Schultz, who has been the coffee chain’s interim CEO since April, is not going anywhere soon. Narasimhan will join Starbucks in October, but he won’t take over as president of the company until April. Schultz will also remain on the company’s board of directors and will remain as an advisor after Narasemhan, who is also a veteran PepsiCo, takes over the role. More details are on the way at Starbucks Investor Day, scheduled for Sept. 13 in Seattle.

3. Amazon Consortium scores another victory

Chris Smalls and Derek Palmer at the temporary headquarters of the Amazon Workers’ Federation in Staten Island, New York, on June 15, 2022.

Katie Skoloff

The National Labor Relations Board said Thursday that the winning effort of the Amazon Workers Union to establish a union at the Staten Island warehouse, New York, should be supported. The e-commerce giant began its official interception in May, a month after the union’s victory. But the NLRB attorney overseeing the case said Amazon “did not meet its burden” in trying to prove that the union used objectionable means to secure its victory. Meanwhile, the Amazon People’s Workers Union is looking to expand its influence. It failed to set up another warehouse union on Staten Island in May, but workers in warehouses in Albany, New York and Kentucky are seeking to organize with the union.

4. The UN team is digging into Ukraine’s nuclear plant

Russian military vehicles escort a convoy carrying the mission of International Atomic Energy Agency experts as it leaves the Zaporizhzhya nuclear power plant in the context of the Ukraine-Russia conflict outside Enerhodar in the Zaporizhzhya region, Ukraine, September 1, 2022.

Alexander Armoshenko | Reuters

After hours of delays due to bombing in the area on Thursday, inspectors from the United Nations’ International Atomic Energy Agency finally arrived at the Zaporizhzhya nuclear plant in Ukraine. Nor does the organization plan to leave as long as the Russian-occupied facility is vulnerable to disaster. “We are not going anywhere,” International Atomic Energy Agency chief Rafael Grossi told reporters. “The IAEA is right now, it’s at the station and it’s not moving. It’s going to stay there. We’re going to have a continued presence there at the station.” The Zaporizhzhia nuclear facility is the largest in Europe.

5. Stock Meme: Motion Picture

Seth Rogen

Charles Sykes | Bravo | NBC International | Getty Images

Here’s a fun story for the last weekend of summer. A star-studded cast – including “This is the End” star, executive producer Seth Rogen, “SNL” Pete Davidson and Kim Kardashian fame – will take on the wild story of the GameStop meme in early 2021. Filming for “Dumb Money” is set to begin. , which will be directed by “I, Tonya” director Craig Gillespie, this month, when the rights to purchase the film are sold. The film is based on Ben Mezrich’s non-fiction book, The Antisocial Network. If that name sounds familiar, it’s because Mesrich also wrote The Accidental Billionaires, an interesting Facebook founding account. This book was adapted into the Oscar-winning classic movie “The Social Network.”

Disclosure: NBCUniversal is the parent company of CNBC and NBC, which broadcasts Saturday Night Live.

CNBC’s Carmen Renick, Amelia Lucas, Annie Palmer, Sam Meredith and Ashley Capote contributed to this report.

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