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.

The three major indexes have had consecutive strong weeks. S&P500 On Friday, he approached the record set earlier this year. Stocks rose as investors geared up for the year’s last Federal Reserve policy meeting, which begins tomorrow.

Here’s what you need to know:

The belated September personal consumption expenditure price index showed that core PCE, a key inflation measure, was weaker on a 12-month basis than economists expected. The report pushed stocks higher on Friday as traders said they expected the data to prompt Fed officials to cut interest rates this week. The Fed is expected to announce its decision on Wednesday. Traders are pricing in about a 90% chance that the central bank will cut rates again, according to CME’s FedWatch tool. Meanwhile, Treasury Secretary Scott Bessent said Sunday that he expects the U.S. economy to finish the year with real GDP growth of 3%, despite the blow from the federal government shutdown. Following last week’s four-day winning streak, the S&P 500 is now about 0.7% off the rate cut level. It’s an intraday record and about a quarter off the closing high. Follow live market updates here.

Berkshire Hathaway This morning, investment director and Geico CEO Todd Combs announced that he is leaving the conglomerate to join the company. JP Morgan Chase As head of new security and resiliency initiatives.

Berkshire CEO Warren Buffett, who will step down as CEO at the end of the year, said in a press release that Combs has “hired many great people” and “broadened our horizons” at Geico.

Nancy Pierce, Geico’s head of operations, will replace Combs as CEO of the business. Berkshire also announced that CFO Mark Hamburg will retire in June 2027 and be replaced by Charles Chan, Berkshire Hathaway Energy’s current CFO.

Wall Street and Hollywood were shaken after the announcement. Netflix–warner bros Trade on Friday. The question now is whether the deal can overcome regulatory hurdles.

President Donald Trump’s administration views the deal with “deep skepticism,” a senior administration official told CNBC’s Eamon Javers on Friday. Sen. Elizabeth Warren of Massachusetts has already called for an overhaul of antitrust laws, calling the deal an “antimonopoly nightmare.”

We believe this will increase our chances of obtaining regulatory approval. paramount skydance The company is considering making a direct bid to WBD shareholders in a last-ditch effort to beat Netflix, people familiar with the matter told CNBC’s Alex Sherman. Meanwhile, movie theater owners are concerned about their ability to survive if the Netflix deal leaves the world’s largest streaming service owned by a major movie studio.

After losing an investigative antitrust lawsuit last year, alphabet On Friday, we received more details about the impacts it will face.

U.S. District Judge Amit Mehta said Google cannot enter into such an agreement with the United States. applePay for the use of the search browser unless the contract ends within one year. Mehta also listed requirements for the committee that will decide with whom Google will share data.

But as CNBC’s Jennifer Elias points out, these weren’t the harshest punishments on the table. In September, Mehta ruled against harsher penalties proposed by the Justice Department that could include forced sales of Google’s Chrome browser.

The global denim market is now a $100 billion industry, led by major retailers including: Levi Strauss and american eagle. But as CNBC’s Gabriel Fontrouge reports, its origins are much more humble.

Blue jeans were born out of women’s frustration with the frequent rips in their gold miner husbands’ denim pants. Her sartorial solution, adding copper rivets to the garment’s main tension points, meant the birth of what we know today as blue jeans. In the nearly century and a half since, the pants have become a staple of American fashion, transcending income classes and trend cycles.

Here’s what we’re looking at this week:

Monday: New York Fed Consumer Expectations Survey Tuesday: October job openings and turnover data Wednesday: Fed decision and press conference. oracle and adobe Earnings (after the bell) Thursday: lululemon, costco and broadcom Income (after the bell)

CNBC Pro subscribers can see the calendar and week’s summary here.

—CNBC’s Sean Conlon, Ryan Ermey, Alex Sherman, Lillian Rizzo, Dan Mangan, Sarah Witten, John Meloy, Jennifer Elias and Gabriel Fontrouge contributed to this report. Josephine Rozzelle edited this version.