Stocks lower, Biden joins strikes, Kashkari warning, Tesla, Costco
Stocks lower, Biden joins strikes, Kashkari warning, Tesla, Costco
Five things you need to know before the market opens on Tuesday September 26:
1. -- Stocks resume slide, Treasury yields rise as rate bets, shutdown risks rattle markets
Stocks are set for another soft opening Tuesday as risks linked to a hawkish Fed and an undisciplined Congress, continue to mount.
2. -- President Biden to join UAW picket line as Big 3 strikes enter second week
President Joe Biden will join striking UAW members on the picket line outside of a Ford assembly plant in Wayne, Michigan later today.
3. -- Fed President Neel Kashkari repeats 'higher for longer' rate warning
Minneapolis Fed President Neel Kashkari added to the central bank's 'higher for longer' messaging during a speech late Monday in Philadelphia.
4. -- Tesla slips lower amid risk of European antitrust probe into China exports
Europe's competition watchdog has warned carmakers that China-made cars sold in the EU are supported by unfair state-backed subsidies.
5. -- Costco earnings on deck with big ticket demand, spending outlook in focus
Costco earnings are likely to provide a good indication of consumer spending power heading into the final months of the year.
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