Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 9, 2022.
Brendan Mcdermid | Reuters
Here are the most important news items that investors need to start their trading day:
1. Futures rise
2. Ukraine strikes back
Service members of the State Security Service of Ukraine pose for a picture in the recently liberated town of Kupiansk in the Kharkiv region of Ukraine in this handout picture released Sept. 10, 2022.
Press Service of the State Security Service of Ukraine | Via Reuters
The Ukrainian military has Russia on the run in two portions of the country. After making significant gains in Ukraine’s south, the nation’s armed forces, bolstered by weaponry from the U.S. and other Western allies, unleashed a lightning counteroffensive in the northeast. According to one Russian official, “the situation is becoming more difficult by the hour” for the Kremlin’s forces, in what’s become a humiliating few weeks for Russian President Vladimir Putin. Ukraine claims it has retaken this month more than 1,100 square miles of territory that had been occupied by Russia. Follow live updates here.
3. Chapek casts a spell at D23
Bob Chapek, Chief Executive Officer of Disney, speaks at the 2022 Disney Legends Awards during Disney’s D23 Expo in Anaheim, California, September 9, 2022.
Mario Anzuoni | Reuters
Disney CEO Bob Chapek went on a charm offensive over the weekend at the D23 Expo, sending positive messages to fans, employees and investors alike. It appeared to work, too, at least for one big-time activist investor. Third Point CEO Dan Loeb had been pushing the entertainment and media giant to spin off its ESPN operations, but he backed off on this point with a Sunday morning tweet. “We have a better understanding of @espn’s potential as a standalone business and another vertical for $DIS to reach a global audience to generate ad and subscriber revenues,” 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’ve not shared that plan,” he added.
4. JPMorgan buys another fintech firm
JP Morgan CEO Jamie Dimon speaks at the Boston College Chief Executives Club luncheon in Boston, Massachusetts, U.S., November 23, 2021.
Brian Snyder | Reuters
5. New chip restrictions
U.S. President Joe Biden attends the groundbreaking of the new Intel semiconductor manufacturing facility in New Albany, Ohio, September 9, 2022.
Joshua Roberts | Reuters
The Biden administration is set to unveil next month a fresh set of restrictions on U.S. semiconductor shipments to China, Reuters reported, citing multiple people familiar with the matter. The limits will focus on chips used for artificial intelligence, as well as tools for making semiconductors. KLA, Lam Research and Applied Materials were notified of the coming changes in letters earlier this year, and the companies acknowledged the communication. Reuters also reported that some of its sources for the article said the administration could also unveil additional actions 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.
— Sign up now for the CNBC Investing Club to follow Jim Cramer’s every stock move. Follow the broader market action like a pro on CNBC Pro.
