5 things to know before the stock market opens on Friday

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Here are five important things investors need to know to start their trading day.

Stocks fell yesterday amid growing concerns on Wall Street about the prevalence of bad loans and what that means for many local banks. This has led to some “cockroach” hunting as investors race to determine the health of financial institutions’ lending operations.

Let’s take a closer look at this:

Earlier this week, JP Morgan Chief Executive Jamie Dimon warned that more “cockroaches” could emerge, citing the bankruptcies of auto parts maker First Brands and subprime car lender Tricolor Holdings. Dimon seems to be bringing up the cockroach theory, which suggests that bad news for one company can lead to several other negative disclosures. jeffrieswhich has exposure to First Brands, fell more than 10% yesterday. Zions traded 13% lower after it announced earlier this week that it would have to take on significant charges for bad debts. western alliance It was announced that the borrower had committed fraud and the stock had fallen by about 11% and closed. As a result, local bank stocks fell sharply yesterday, which in turn caused the entire market to decline. Bank credit concerns also affected today’s European markets. 10 years US Treasury Yields have fallen to levels last seen in early April, when President Donald Trump announced high tariffs. Beyond the banking industry, investors continued to monitor U.S.-China trade tensions. China’s Ministry of Commerce has accused the United States of causing “panic” over rare earth export restrictions and said it is open to trade negotiations. US stock futures fell this morning, but are well off their lows. Follow live market updates here.

John Bolton, President Donald Trump’s former national security adviser, was indicted yesterday by a federal grand jury on charges of mishandling classified information. Bolton is the third Trump opponent to face criminal charges in recent weeks, joining former FBI Director James Comey and New York Attorney General Letitia James.

Meanwhile, in Washington, a bill to fund the military during the government shutdown failed in the Senate yesterday. The vote came hours after senators rejected the funding bill for the 10th time. united airlines CEO Scott Kirby told CNBC yesterday that bookings could start to slow if the government doesn’t reopen soon.

According to S&P Global, you’re probably already feeling the economic impact of President Trump’s tariff policies.

According to the company’s analysis, this year’s levy will cost global businesses nearly $1.2 trillion (yes, $1 trillion) to operate. A conservative estimate is that two-thirds of those costs will be passed on to consumers, S&P said.

While we’re talking about the economic impact of tariffs, the U.S. budget deficit in 2025 shrank by just over 2% compared to fiscal year 2024. As CNBC’s Jeff Cox points out, the revenue from President Trump’s tariffs helped ease some government spending. Still, the federal government’s shortfall is $1.78 trillion.

apple A deal worth $140 million a year for F1’s U.S. media rights will be announced soon, sources told CNBC’s Alex Sherman. The partnership will help the tech giant build on its sports streaming portfolio, which already includes content from Major League Soccer and MLB.

Eddie Cue, Apple’s senior vice president of services, said in an interview this week that Apple has “love” for F1. Cue also said that the modern sports viewing experience is “going backwards” as so many different streaming services enter gaming.

The parent company of sunglasses maker Ray-Ban has one particular company to thank for its recent accomplishments. meta.

Essilor Lux Otica The company said a significant portion of its third-quarter revenue increase was related to partnerships with major tech companies to develop and sell smart glasses. EssilorLuxottica’s finance director Stefano Grassi said the Meta product was an “enhancement” for the business.

Speaking of meta, oracleThe company’s stock was able to bounce back from yesterday’s market weakness after the company confirmed a cloud agreement with parent company Facebook.

Here are some stories I recommend you make time to read over the weekend.

—CNBC’s Hugh Song, Sarah Ming, Spencer Kimball, Jordan Novett, Jonathan Bunyan, Ari Levy, Alex Sherman, Jeff Cox, Leslie Josephs, Dan Mangan and Lillian Rizzo contributed to this report. Josephine Rozzelle edited this version.