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 word rotation was on Wall Street’s lips last week as investors began to cool off high-trading artificial intelligence stocks in favor of more traditional, cyclical stocks. Now, the question is whether this discrepancy will continue as the focus shifts to future inflation and employment statistics.

Here’s what you need to know:

Former Federal Reserve Governor Kevin Warsh has emerged at the top of President Trump’s list of central bank governor candidates.

President Trump told the Wall Street Journal on Friday that Warsh is the front-runner for the position, joining National Economic Council Chairman Kevin Hassett as the top candidates to replace Jerome Powell. “I think there’s Kevin and Kevin. Both of them. I think both Kevins are great,” the president told the paper, adding, “There are some other great people as well.”

Trump also reiterated his belief that the next Fed chair should consult with the president on interest rate decisions, saying, “I think it’s a sensible opinion and it should be listened to.”

A new investigation by CNBC reveals that dozens of U.S. Food and Drug Administration employees traveled to resorts in Singapore during this fall’s record government shutdown.

According to an internal FDA document obtained by CNBC, 31 employees, ranging from the deputy director to program coordinators, traveled to Singapore in mid-November to attend a meeting of the International Council for Harmonization of Technical Requirements for Human Drugs. The trip cost more than $250,000 in total, or nearly $8,000 per participant.

The trip was approved even though the FDA was operating with reduced staffing and resource constraints during the 43-day shutdown. The visit also comes as the agency faces a proposed 11.5% budget cut, massive layoffs and a leadership turmoil. In a statement to CNBC, the FDA said sending its staff to the conference is “mission critical.” An agency spokesperson also noted that this year’s staff delegation was smaller than the past two years.

President Trump wants to make the domestic shipbuilding industry great again, but as CNBC’s Lorie Ann LaRocco reports, he’ll need help from international companies.

According to the data, China wins 75% of new shipbuilding orders and has more than 200 times the construction capacity of the US. There are currently eight shipyards in operation in the United States, compared to more than 300 shipyards in China.

The Trump administration, seeking to strengthen the U.S. shipbuilding industry and restore its standing, is leveraging companies such as South Korea’s Hanwha through investment deals. Peter Sand, Zeneta’s chief shipping analyst, told CNBC. “If you look at the orders, it’s going to be hard to make American shipbuilding great again. We need to bring in foreign expertise.”

Netflix will release the final episode of the popular series “Stranger Things” later this month, marking the end of an era. The underdog series, which has been picked up by studio after studio, has become one of streaming’s biggest success stories.

As CNBC’s Sarah Witten reports, the streaming giant has launched dozens of partnerships in merchandise and food related to the nine-year-old series. Netflix co-CEO Ted Sarandos said the series is akin to a “Star Wars moment” for the streamer, given the show’s role in shaping pop culture and leading to live events.

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

Tuesday: November nonfarm payrolls Wednesday: micron Earnings (after the bell) Thursday: Darden Restaurants Income (before the bell). fedex and nike Income (after the bell). November consumer price index data

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

—CNBC’s Sean Conlon, Brandon Gomez, Jeff Cox, Paige Tortorelli, Scott Zamost, Melissa Lee, Jeff Cox, Lori Ann LaRocco and Sarah Witten contributed to this report. Josephine Rozzelle edited this version.