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

1. The Dow is set to rise again after its worst weekly loss since October

Traders on the floor of the New York Stock Exchange.

Source: NYSE

Dow futures rose about 200 points on Monday after the 30-share average posted its value worst weekly loss since October Investors and traders sold on concerns that the Federal Reserve might start rate hikes sooner than expected. The Dow on Friday lost 533 points, or nearly 1.6%, ending a five session losing streak of nearly 3.5%. The S&P 500, which fell 1.3% on Friday, declined four days in a row for a 1.9% weekly decline. The Nasdaq fell less than 1% on Friday but only about 0.3% for the week.

Federal Reserve Chairman Jerome Powell during a House Financial Services Committee hearing in Washington on December 2, 2020.

Swimming pool | Getty Images News | Getty Images

The Fed raised its inflation forecast last Wednesday and announced two rate hikes for 2023. Fed chairman Jerome Powell said central bankers are considering scaling back their massive Covid-era bond purchases. Fed spokesmen will get a lot of attention this week, including Powell’s congressional testimony on Tuesday. The 10-year government bond yield continued to pull back from last week’s Fed-driven surge and traded early Monday just over 1.4%. It fell briefly to 1.354%, the lowest level since the end of February.

2. Bitcoin drops as China expands crackdown on crypto mining

A bitcoin mine near Kongyuxiang, Sichuan, China on August 12, 2016.

Paul Ratje | The Washington Post | Getty Images

Bitcoin decreased by 7% on Monday, Trade under $ 33,000 for the first time in almost two weeks, on reports that China’s crackdown on cryptocurrency mining has been extended in the southwestern province of Sichuan. This follows similar developments in China’s Inner Mongolia and Yunnan regions, as well as calls from Beijing to end crypto mining amid concerns about massive energy consumption. The Communist Party-backed Global Times estimates that more than 90% of China’s bitcoin mining capacity has been shut down.

3. Prime Day begins as retailers face supply chain disruptions

Amazon‘s Prime Day Started Monday. Prime Day 2020, postponed to October due to the pandemic, pulled in $ 10.4 billion, according to Digital Commerce 360, a 45% increase from the two-day event last year. This year’s Prime Day takes place as retailers grapple with widespread global supply chain disruptions. Several other large retailers – including Walmart, aim, Kohls, Macys and Cost co – are hosting competing sales events this week.

4. American Airlines will cancel 100 more flights on Monday

American Airlines planes at LaGuardia Airport

Leslie Josephs | CNBC

As travel demand rises to pre-pandemic levels, American Airlines canceled 100 more flights Monday afterwards Scrap hundreds over the weekend due to staff shortages, maintenance and other issues. American said it was cutting its overall plan by about 1% by mid-July to take the pressure off operations. The airline made some of its recent problems due to scheduling complications stemming from the bad weather at its Charlotte and Dallas / Fort Worth hubs in the first half of June. American is also rushing to train any pilots it has put on leave between two state aid packages banning layoffs, as well as Airmen due for regular recurring training.

5th Tokyo Olympics to allow 10,000 local fans in the venues

Visitors try to take photos in front of the Olympic Rings monument in front of the Japan Olympic Committee (JOC) headquarters near the National Stadium, the main stadium for the 2020 Tokyo Olympics which is due to coronavirus disease (COVID-19) 2021) outbreak, in Tokyo, Japan, May 30, 2021.

Issei Kato | Reuters

The Tokyo Olympics will allow some local fans to take part in the Summer Games if they open in just over a month. Foreign fans were banned a few months ago. For all Olympic venues, the organizers set a capacity limit of 50% to a maximum of 10,000 fans. The decision contradicts the country’s top medical adviser, who recommended last week that the Olympics be the safest way to hold the Olympics without fans during the pandemic. Japan’s prime minister, who favored admitting fans, said ahead of the official announcement that local fans would be banned if conditions change. The Tokyo Games are slated to open on July 23rd.

Disclosure: CNBC parent NBCUniversal owns NBC Sports and NBC Olympics. NBC Olympics owns the U.S. broadcast rights to all Summer and Winter Games through 2032.

– CNBCs Leslie Josephs and The Associated Press contributed to this report. Follow the entire market like a pro CNBC Pro. Find out about the pandemic with CNBC’s coronavirus coverage.