5 issues to know earlier than the inventory market opens Monday, Sept. 13

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

1. Dow will bounce back after five losing sessions

A trader works on the New York Stock Exchange on August 27, 2021.

Source: NYSE

2. The Democrats in the House of Representatives are reportedly ready to propose tax increases

Samuel Corum | Getty Images News | Getty Images

House Democrats are expected to propose dramatic tax hikes for US corporations, wealthy Americans, and investors to pay their $ 3.5 trillion household bills. The plan provides for a corporate tax increase from 21% to 26.5% and a 3% surcharge on individual incomes over $ 5 million, Reuters said, citing two people familiar with the matter. The Democrats are also considering raising the top tax rate on capital gains from 23.8% to 28.8%. The House of Representatives will return from its summer break on September 20. The Senate will be back on Monday.

3. Pfizer’s Covid vaccine seems to be on the right track for younger children

A Pfizer-BioNTech Covid-19 vaccine vial will be given on Jan.

Robyn Beck | AFP | Getty Images

based in the USA Pfizer‘s Covid vaccine, developed in collaboration with a German partner BioNTech, could be approved for use in children 5-11 next month, according to two sources familiar with the situation who spoke to Reuters. By then, Pfizer is expected to have enough study data to file an emergency application with the FDA. The two-dose Pfizer shot is already fully approved for adolescents between 12 and 15 years of age in an emergency and for people aged 16 and over.

4. Chinese regulators allegedly attack Ant Group’s Alipay

The headquarters of Ant Group Co. in Hangzhou, China on Wednesday January 20, 2021.

Qilai Shen | Bloomberg | Getty Images

Hong Kong listed shares of Alibaba fell more than 4% overnight after the Financial Times reported that Beijing wants to split up Alipay from Ant Group and force the creation of a separate credit app. US stocks from Alibaba, the e-commerce subsidiary of the Ant Group, was also under pressure in the premarket on Monday. Chinese electric vehicle stocks also fell after the industry minister said there were “too many” electric vehicle manufacturers in China and that industry consolidation was needed. However, EV manufacturer Xpeng‘s stocks stabilized in US pre-trading.

5. Disney plans to release the rest of the films in theaters only in 2021

Simu Liu plays Shang-Chi in Marvel’s “Shang-Chi and the Legend of the Ten Rings”.

Disney

Disney will show the remainder of this year’s list of films exclusively in theaters rather than simultaneously making them available through its Disney + streaming service. Disney’s “Shang-Chi and the Legend of the 10 Rings” only in theaters has once again crowned the weekend box office after his record debut on Labor Day weekend. “Shang-Chi” in the Marvel Cinematic Universe has grossed nearly $ 250 million worldwide, and there isn’t even a release date in China.

– Reuters 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.

5 issues to know earlier than the inventory market opens Tuesday, Sept. 7

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

1. Wall Street looks stable after last week’s delta-driven Covid concerns

A trader works on the New York Stock Exchange on August 27, 2021.

Source: NYSE

US stock futures were flat on Tuesday after a much weaker-than-expected job report in August reflecting the impact of the Delta-powered Covid resurgence in the US S&P 500 slightly lower Friday from a record close. the Nasdaq, However, made a small profit and close another record. the Dow Jones industry average fell on Friday and was 0.7% off last month’s record close into the new trading week. Over the weekend, Goldman Sachs lowered its estimate for US economic growth to a 5.7% annual rate in 2021, below the consensus of 6.2%. The US stock market was closed on Monday for Labor Day.

2. El Salvador is the first country to introduce Bitcoin as legal tender

One of the many stores that accept Bitcoin in El Zonte, El Salvador.

Bitcoin pulled back 1.5% on Tuesday thereafter over $ 52,000 on Monday, a level not seen since May as El Salvador revealed Bought 400 bitcoins valued at nearly $ 21 million. The announcement came when El Salvador’s Bitcoin law, passed in June, went into effect on Tuesday, making Bitcoin legal tender there. El Salvador is the first country to do this. However, since Bitcoin is known for its volatility at times, the move raised concerns about its effectiveness as a currency. Bitcoin hit an all-time high of over $ 64,000 in April, but sold out heavily in June and July, even falling just below $ 30,000. But since mid-July, Bitcoin has been gaining ground again.

3. Pfizer Covid Booster vaccinations can be ready as early as the week of September 20th

Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, makes an opening statement during a Senate Committee on Health, Education, Labor and Pensions hearing to discuss the ongoing federal response to COVID-19 in the U.S. Capitol in Washington, DC , May 11, 2021.

Greg Nash | Swimming pool | Reuters

As total Covid cases in America over 40 million over the holiday weekend, Senior Medical Advisor to the White House Dr. Anthony Fauci said the US is likely to start spreading Pfizer Vaccine booster shots in the week of September 20th. The Biden government has announced plans to offer a third dose to people who have received Pfizer Modern, pending approval from public health officials. The US recommends an additional injection eight months after the second dose. However, only Pfizer can get approval from the FDA and CDC in time for the launch, Fauci said on Sunday.

4. Biden visits Ida flood damage in New Jersey and New York

U.S. President Joe Biden attends a briefing with local leaders on the impact of Hurricane Ida on September 3, 2021 at the St. John Ward Emergency Center in LaPlace, Louisiana.

Almond Ngan | AFP | Getty Images

president Joe Biden will investigate damage in parts of the northeast that were hit by catastrophic flash floods last week from the remnants of Hurricane Ida. Biden on Tuesday is on tour Manville, New Jersey, and the New York borough of Queens. At least 50 people were killed in six eastern states when record rainfall flooded rivers and sewer systems last week. Some people were trapped in fast-filling basements and cars or were swept away trying to escape. The storm also spawned several tornadoes. More than half of these deaths occurred in New Jersey. Biden toured Ida Damage on the Gulf Coast last week.

5. Deutsche Telekom cancels T-Mobile US stake in SoftBank swap deal

Headquarters of the German telecommunications giant Deutsche Telekom in Bonn.

Andreas Rentz | Getty Images

Deutsche Telekom has hit $ 7 billion stock swap deal with SoftBank to increase the participation of the German group in T-Mobile USA. Deutsche Telekom also sold its Dutch unit. With the two deals announced on Tuesday, Deutsche Telekom will increase its stake in T-Mobile by 5.3% to 48.4% and bring CEO Tim Hoettges closer to his goal of direct control of the US $ 170 billion US wireless operator to get. In return, SoftBank will receive cash and a 4.5% stake in Deutsche Telekom after the Japanese group sold its US Sprint unit to T-Mobile in early 2020.

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

Pfizer Covid booster pictures seemingly prepared Sept. 20, Anthony Fauci says

The leading expert on infectious diseases, Dr. Anthony Fauci, responds to allegations made by Senator Rand Paul (R-KY) as he testifies before the Senate Health, Education, Labor, and Pensions Committee on Capitol Hill in Washington, DC, the United States, on July 20, 2021 .

J. Scott Applewhite | Reuters

The US will likely begin to distribute widely Pfizer Covid-19 booster recordings in the week of September 20, but the rollout for ModernThe vaccine could be delayed, said Dr. Anthony Fauci, Chief Medical Officer of the White House, on Sunday.

The Biden government has announced plans to offer people who received the Pfizer and Moderna shots a third dose pending approval from health officials. The US recommends an additional injection eight months after the second dose.

Only the Pfizer Vaccine Booster can get Food and Drug Administration and Centers for Disease Control and Prevention approval in time for launch the week of September 20, Fauci said on CBS’s Face the Nation. People who have received Moderna shots may have to wait longer as the company waits for regulators to sign off a third dose.

“Looks like Pfizer has its data, will likely meet the deadline,” the director of the National Institute of Allergies and Infectious Diseases told CBS. “We hope Moderna could do that too, so we could do it at the same time.”

“But if not, we’ll do it one at a time,” he continued. “So the bottom line is that at least part of the plan is very likely to be implemented, but ultimately the entire plan will be implemented.”

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Later on Sunday, Fauci told CNN that for people who received two doses of the Moderna vaccine, “it is better to wait for a third dose of Moderna” than to get an injection from Pfizer. He noted that the US plans to release data on mixing vaccines from different manufacturers in the coming weeks.

The PfizerBioNTech Covid-19 vaccine is the most widely administered vaccine in the U.S. More than 95 million people have received the full two-shot regimen. according to CDC data.

Approximately 66 million people were fully vaccinated with the Moderna syringe. Around 14 million people have now received the single dose Johnson & Johnson Shot. Regulators haven’t announced any plans for a J&J booster.

When calling for third doses of Pfizer and Moderna, US health officials cited CDC data which found that protection against infection waned several months after the second injection. According to the CDC, more than 1.3 million people received an extra vaccination after the US approved it for certain immunocompromised people.

White House Chief of Staff Ron Klain told CNN’s State of the Union on Sunday that the government will have booster vaccinations “ready for use” when regulators approve them for wider use.

An FDA advisory panel will review Pfizer’s application for a booster vaccination on September 17th, just three days before the injections are due to begin.

The Biden government’s booster plan has sparked criticism in the US and around the world. The World Health Organization has urged wealthy countries to increase vaccination rates hold off additional shots until poorer countries can give more people their first doses of vaccine.

As the virus spreads around the world, the prospect of new – and potentially more dangerous – variants increases.

The White House has defended its booster plan, citing US donations of vaccine doses to other countries. Last month, Fauci told CNBC that the US has given 120 million doses to 80 countries.

“We do both,” he said of vaccinating Americans and people around the world.

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Previous City Competition of Pace & Fashion Returns, Set for Sept. 5

The organizers and sponsors of Speed ​​& Style’s Old Town Festival gathered at the Principle Gallery in Old Town Alexandria on Thursday evening to unveil the official poster of the artist and Alexandria-based Tom Kuester for the event.

The event will take place on Sunday, September 5, from 10 a.m. to 3 p.m. with a car show on several blocks of King Street and the Market Square, showcasing rare and unusual cars from the 50s to 80s.

The King Street High Octane Ball (sponsored in part by Alexandria Living Magazine) takes place the night before on Saturday, September 4, from 7:30 p.m. to 9:30 p.m. and features live music, catering, wine, libations, a silent auction, and more. (Stay tuned for more details.)

Thursday evening event founder Rick Myllenbeck (who also owns Sonoma Cellar, 20)

7 King St.), thanking main sponsors Burke & Herbert Bank and McEnearney Associates Realtors, noting that the event will raise money for two charities: ALIVE! and USO from Metro Washington.

Mayor Justin Wilson visited the gallery to provide his support for the event, which was attended by 10,000 people in 2019.

“It’s always a little unusual for me to do a ‘Speed ​​& Style’ thing because I drive a Prius,” he said. “This is going to be one of the first big events we have in the ‘After’ in the old town. We’re so excited. It’s going quickly

to be an event that everyone in the region is looking forward to. It’s going to be a really great day. “

Michelle Marceau Ward, owner of Principle Gallery, whose gallery has been in operation at 208 King St. for 25 years and is just two blocks from the water, said Old Town retailers and restaurants are excited about the event’s return this year are.

“We love the energy this brings, we’re glad it’s back and we want to support it in any way we can,” she said.

Artist Tom Kuester, who has a background in industrial design, said he was inspired by the old town. “I like cars, I like drawing,” he said. The 2021 poster shows six classics parked on the market square.

Elizabeth Myllenbeck described the “style” portion of the event to the crowd. She noted that the King Street High-Octane Ball will include a “step and repeat” classic car, catering from local restaurants, dancing, and live music. “But the big thing about this ball is that it’s a costume party,” she said. “You are allowed to dress in clothes from the 50s, 60s and 70s and [car] Racing clothing this time. I expect a lot of Audrey Hepburn out there, a lot of Jackie Onassis, and a lot of nice clothes. It should be a lot of fun. “

Further information about the festival can be found at: https://www.festivalspeedstylealex.com