5 things to know before the stock market opens on Monday

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

President Donald Trump’s administration focused on tariff policy over the weekend. After suspending trade negotiations with Canada last week, President Trump headed to Asia for a summit with world leaders and announced trade deals with Malaysia, Cambodia, Thailand and Vietnam.

Here’s the latest information:

In the agreement, the four Asian countries pledged to eliminate trade barriers, give preferential market access to U.S. products and increase purchases of U.S. products. However, the US will maintain 19% tariffs on most products from Malaysia, Cambodia and Thailand, and 20% tariffs on most products from Vietnam, according to the White House. Meanwhile, senior Chinese and U.S. officials met to hammer out a trade framework for President Trump and Chinese President Xi Jinping to discuss in their upcoming meeting. Korea later this week. Treasury Secretary Scott Bessent said President Trump’s 100% tariffs on China (scheduled to take effect on November 1) were “effectively off the table” following the latest talks. Bessent also said he expected China to delay rare earth export restrictions as part of the deal. Shares of rare earth stocks have fallen sharply this morning. On Air Force One on Monday, President Trump said he expected he and President Xi to “work through the deal.” The flurry of trade deals comes after President Trump imposed a 10% tariff on Canada over an ad featuring former President Ronald Reagan’s voice. Ontario Premier Doug Ford announced Friday that the ad would be suspended after it aired during last weekend’s World Series game.While trade uncertainty weighed on investors last week, the three major indexes were still able to rise to all-time highs. Follow live market updates here.

The artificial intelligence boom has lifted the mood on Wall Street and Silicon Valley. But Main Street is a different story.

As CNBC’s Ashley Caputo reports, small businesses are grappling with rising tariff-related costs and consumer health concerns. AI-related capital spending has outpaced U.S. consumers as a driver of economic expansion, according to JPMorgan data.

OpenAI in particular is a major player in AI spending and will be a hot topic in this week’s Big Tech earnings reports.

Novartis I announced yesterday that I would buy it. avidity bioscience. The Swiss drugmaker announced it would pay about $12 billion in cash to the biotech company.

The deal is expected to close in the first half of next year, after Avidity spins out parts of its business. The acquisition of Novartis comes as the company expands its research and development department.

Avidity investors will be paid $72 per share, a 46% increase from last week’s stock price.

By many indicators, american airlines They are lagging behind their rivals. The Texas-based airline’s profits are a tiny fraction of the overall market, and its stock has underperformed this year.

Now, the question is whether American Airlines’ investment in cabin upgrades and technology can get it back on track. Shareholders seemed to like what they heard when the company announced its results last week. American Airlines shares rose more than 16% after the airline beat Wall Street’s profit and revenue estimates, but the stock is still down more than 20% since the beginning of the year.

Hmm! brandTaco Bell wants to be known for more than the Baja Blast when it comes to drinks.

Taco Bell has opened Live Mass Cafes inside its restaurants, serving drinks such as frozen coffee and energy drinks. The Mexican chain plans to operate 30 Live Más Cafés in California and Texas by the end of the year.

As CNBC’s Amelia Lucas points out, this new format is part of Taco Bell’s goal to build a $5 billion beverage business by 2030.

Here are some notable events this week. Due to the ongoing government shutdown, some economic indicators may not be released as originally scheduled.

Tuesday: paypal, UPS, jet blue, royal caribbean and wayfair Income (before the bell). Case-Shiller Housing Index. Wednesday’s Consumer Confidence Index: CVS and boeing Income (before the bell). alphabet, meta platform, microsoft, starbucks, chipotle pepper and Carvana Income (after the bell). Federal Reserve Interest Rate Decision Thursday: restaurant brand international, Merck, Eli Lilly, comcast, roblox and fox company Income (before the bell). apple, Amazon, reddit and cloudflare Income (after the bell). Apply for unemployment insurance. GDP Data Friday: PCE Data. consumer spending data

CNBC Pro subscribers can see the complete calendar and overview of the week here.

Disclosure: Comcast is the parent company of NBCUniversal, which owns CNBC. With Comcast’s planned Versant spinoff, Versant will become CNBC’s new parent company.

—CNBC’s Anique Bao, Sam Meredith, Ashley Caputo, Kif Leswing, Liz Napolitano, Sean Conlon, Dan Mangan, Kevin Browninger, Leslie Josephs and Amelia Lucas contributed to this report. Josephine Rozzelle edited this version.