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Happy Tuesday, and happy Year of the Horse! I’m back after a week in Costa Rica, where I sampled coffee, memorized the USD-colón conversion rate and wished my Spanish was better.
S&P 500 futures are lower this morning. The stock market is coming off a losing week.
Here are five key things investors need to know to start the trading day:
1. Deflated
The bull of Wall Street is seen during the pass of the snowstorm on January 31, 2021 in New York City.
VIEW press | Corbis News | Getty Images
Wall Street didn’t go into the holiday weekend on a winning note. While the latest inflation data came in cooler than expected, it wasn’t enough to spark a recovery rally that could mitigate steep recent losses.
Here’s what to know:
2. Jesse Jackson
Reverend Jesse Jackson delivers a speech as Americans shout slogans and hold banners during a demonstration against the death of eighteen-year-old unarmed teen Michael Brown in Ferguson, Missouri on August 16, 2014.
Bilgin Sasmaz | Anadolu Agency | Getty Images
Rev. Jesse Jackson died today at 84 years old, his family confirmed in a statement. The civil rights icon and Baptist minister was a Martin Luther King Jr. protégé and two-time Democratic presidential candidate.
While a college student, Jackson was a crusader in the fight against Jim Crow segregation laws. He became a central figure in the broader civil rights movement, known for his work on the Southern Christian Leadership Conference and the Rainbow PUSH coalition.
“Our father was a servant leader — not only to our family, but to the oppressed, the voiceless, and the overlooked around the world,” his family said in their statement. “We shared him with the world, and in return, the world became part of our extended family. His unwavering belief in justice, equality, and love uplifted millions, and we ask you to honor his memory by continuing the fight for the values he lived by.”
3. Epstein fallout
Thomas Pritzker, executive chairman of Hyatt Hotels Corp., speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Wednesday, May 2, 2018. The conference brings together leaders in business, government, technology, philanthropy, academia, and the media to discuss actionable and collaborative solutions to some of the most important questions of our time. Photographer: Dania Maxwell/Bloomberg via Getty Images
Bloomberg | Bloomberg | Getty Images
Hyatt Hotels Chair Thomas Pritzker became the latest business mogul to step down from his position over ties to the late sex predator Jeffrey Epstein.
Pritzker said in a statement released yesterday that he held “regret” over his relationship with Epstein and that he “exercised terrible judgment in maintaining contact.” The 75-year-old, who had been chair for more than two decades, said he’d resign from his post immediately and not seek reelection to the board.
With that announcement, Pritzker joined a growing list of business and political leaders leaving their positions as more details about Epstein’s business dealings come to light. Goldman Sachs Legal Chief Kathryn Ruemmler and Paul Weiss Chair Brad Karp are among the latest corporate executives to resign.
4. AI summit
The OpenClaw logo appears on the screen of a smartphone placed on a reflective surface onto which the software’s mascot is projected. OpenClaw, formerly known as Clawdbot and Moltbot, is an agentic AI software designed for the autonomous execution of complex tasks and is at the center of a debate on the risks associated with cybersecurity and the safety of autonomous AI agents in Creteil, France, on February 5, 2026. (Photo by Samuel Boivin/NurPhoto via Getty Images)
Nurphoto | Nurphoto | Getty Images
Tech moguls are descending on India for an artificial intelligence summit this week, with OpenAI’s Sam Altman, Alphabet’s Sundar Pichai and Anthropic’s Dario Amodei all expected to attend. Nvidia‘s Jensen Huang reportedly pulled out due to “unforeseen circumstances.”
Altman announced over the weekend that Peter Steinberger, creator of the viral AI agent OpenClaw, is joining OpenAI. The news came as competition among generative AI firms heats up. OpenAI rival Anthropic saw its daily active user base grow 11% following its Super Bowl ad campaign that took a swipe at the ChatGPT maker.
5. Open mic
Apple Podcasts on App Store displayed on a phone screen is seen in this illustration photo taken in Poland on June 5, 2024. (Photo by Jakub Porzycki/NurPhoto via Getty Images)
Nurphoto | Nurphoto | Getty Images
Apple is entering the video podcasting realm. The tech giant announced yesterday that it would debut an integrated video podcasting experience in the spring.
As CNBC’s Zach Vallese reports, this brings Apple’s offerings closer to those of Spotify, YouTube and Netflix — all of which have leaned into video podcasting. Listeners will be able to toggle between watching or listening to shows in the Apple Podcasts app, and download video versions for offline viewing.
Meanwhile, Snap announced the launch of creator subscriptions as it aims to diversify revenue beyond ads. Creators on the ap will be able to earn income directly from their most loyal followers through paid memberships in a model similar to that of Patreon and Substack.
The Daily Dividend
Here’s what we’re keeping an eye on in this holiday-shortened trading week:
- Tuesday: Palo Alto Networks earnings (after the bell)
- Wednesday: DoorDash and Figma earnings (after the bell); Fed meeting minutes
- Thursday: Walmart, Wayfair and Etsy earnings (before the bell); weekly jobless claims data
- Friday: GDP data; December’s personal consumption expenditures report
CNBC’s Sean Conlon, Jeff Cox, Sarah Min, Dan Mangan, Lola Murti, Dylan Butts, Ashley Capoot, Samantha Subin, Zach Vallese and Annika Kim Constantino contributed to this report. Josephine Rozzelle edited this edition.
