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.

All eyes were on Capitol Hill last night as the Senate approved the first phase of an agreement to end the federal government shutdown. The effects of the 41-day shutdown expanded last week, with the FAA ordering airlines to cancel some flights and the Trump administration denying food stamp funding.

Here’s the latest information:

A group of eight Democratic senators broke with party leadership and voted in favor of a deal that funds the government through January. The procedural bill passed by a vote of 60-40. The bill does not include an enhanced extension of the Affordable Care Act tax credits, which Democrats have floated as a lightning rod during the government shutdown. But the bill includes a Republican guarantee for a vote on the issue next month, and its passage means more votes will begin today. The House of Representatives and President Donald Trump must also sign the deal to officially end the government shutdown, currently the longest in U.S. history. Transportation Secretary Sean Duffy warned early Sunday that U.S. air travel would slow “bit by bit” ahead of Thanksgiving as the Trump administration ordered hundreds of flights canceled during the shutdown. Meanwhile, the Department of Agriculture has directed states not to pay out full SNAP benefits this month and announced penalties if applicable. The Supreme Court on Friday temporarily put on hold a federal judge’s order directing the Trump administration to fully cover food stamps for November.

Stocks are coming off a rough week. Nasdaq Composite It was the biggest weekly loss since April. Contains some famous technology names oracle, advanced micro device and broadcom This weighed on the entire market, raising concerns about the soundness of artificial intelligence trading.

But stock futures are rising this morning as the Senate vote gives traders hope that an end to the government shutdown is in sight. It’s been a light week for economic data and corporate earnings, but CNBC’s Sara Ming said it may give the market some room to digest recent market movements.

Follow live market updates here.

Startup data provider PitchBook announced this morning that it is releasing a new artificial intelligence tool called PitchBook Navigator.

Starting later this month, subscribers will be able to gain insights into market trades and trends by asking questions to the AI ​​assistant. PitchBook integrates their products with ChatGPT.

As CNBC’s Jores Yip points out, this new AI-powered tool comes amid rising interest in private market trading as valuations for hot startups soar.

Federal prosecutors announced yesterday that Cleveland Guardians pitchers Emmanuel Clase and Luis Ortiz have been indicted for their alleged involvement in a sports gambling scheme. Authorities said the two men accepted bribes to place bets on pitches thrown during MLB games.

If convicted of the most serious charges, the two could face up to 20 years in prison. MLB placed both players on leave in July as the league conducted an investigation.

It’s the latest betting scandal to rock Major League Sports since the federal government announced in an indictment last month that confidential information about NBA players was leaked to bettors.

New data shows it may be more lucrative to help millionaires work out than manage their money.

Professional network Long Angle found that about one in five millionaires plan to leave their wealth advisor, and only one-third use a wealth advisor for financial planning. On the other hand, billionaires report high satisfaction with personal trainers, therapists, and private schools for their children.

Click here to see which services this group is most and least satisfied with.

Here are some of the major releases we’re looking at this week. Depending on the state of the government shutdown, some economic indicators may not be released as scheduled.

—CNBC’s Dan Mangan, Emily Wilkins, Sarah Ming, Leslie Josephs, Jeff Cox, Sean Conlon, Jores Yip, Ian Thomas and Robert Frank contributed to this report. Josephine Rozzelle edited this version.