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Have a nice Tuesday and a happy New Year. I just returned from a week in Costa Rica, where I sampled coffee, memorized the exchange rate between US dollars and colones, and wished my Spanish was better.
S&P 500 futures are down this morning. The stock market is coming off a week of decline.
Here are five important things investors need to know to start their trading day.
1. Deflated state
A Wall Street bull is seen as a snowstorm passes in New York City on January 31, 2021.
View Press | Corbis News | Getty Images
Wall Street didn’t go into the holidays with a victory. The latest inflation data was colder than expected, but not enough to spark a rebound to ease the recent selloff.
Here’s what you need to know:
2. Jesse Jackson
Pastor Jesse Jackson speaks as Americans chant slogans and hold banners during a demonstration against the death of unarmed teenager Michael Brown, 18, in Ferguson, Missouri, on August 16, 2014.
Bilgin Sasmaz | Anadolu Agency | Getty Images
Pastor Jesse Jackson passed away today at the age of 84, his family confirmed in a statement. The civil rights icon and Baptist minister was a disciple of Martin Luther King Jr. and a two-time Democratic presidential candidate.
As a college student, Jackson was an activist in the fight against Jim Crow segregation laws. He became a central figure in the broader civil rights movement, known for his work with the Southern Christian Leadership Conference and the Rainbow Push Coalition.
“Our father was a servant leader, not only to our family, but to the oppressed, the voiceless, and the overlooked around the world,” the family said in a statement. “We shared him with the world, and in return the world became part of our extended family. His unwavering belief in justice, equality, and love uplifted millions of people. We ask you to honor his memory by continuing to fight for the values he lived.”
3. Epstein’s fallout
Thomas Pritzker, executive chairman of Hyatt Hotels Corporation, speaks at the Milken Institute Global Conference on Wednesday, May 2, 2018 in Beverly Hills, California. The conference brings together leaders from business, government, technology, philanthropy, academia and media to discuss practical and collaborative solutions to some of the most important problems of our time. Photographer: Dania Maxwell/Bloomberg via Getty Images
Bloomberg | Bloomberg | Getty Images
hyatt hotel Chairman Thomas Pritzker has become the latest business mogul to resign over his ties to the late sex offender Jeffrey Epstein.
Pritzker said in a statement yesterday that he “regrets” his relationship with Epstein and said he “made poor decisions in maintaining contact.” The 75-year-old, who has served as chairman for more than 20 years, said he would step down as chairman with immediate effect and would not seek re-election to the board.
With the announcement, Pritzker joins a growing list of business and political leaders to step down as more details about Epstein’s business dealings emerge. Goldman Sachs general counsel Katherine Ruemmler and Paul Weiss chairman Brad Karp are among the company executives who recently resigned.
4. AI Summit
The OpenClaw logo appears on the screen of a smartphone placed on a reflective surface onto which the software’s mascot is projected. OpenClaw, previously known as Clawdbot and Moltbot, is an agent AI software designed to autonomously perform complex tasks and is at the center of a debate about cybersecurity-related risks and the safety of autonomous AI agents on February 5, 2026 in Creteil, France. (Photo by Samuel Boivin/NurPhoto via Getty Images)
Null Photo | Null Photo | Getty Images
This week, some of the biggest names in the tech world are coming to India to host the Artificial Intelligence Summit with OpenAI’s Sam Altman. alphabet’Sundar Pichai and Anthropic’s Dario Amodei are all expected to attend. Nvidia‘s Jensen Huang reportedly declined due to “unforeseen circumstances.”
Over the weekend, Altman announced that Peter Steinberger, creator of the viral AI agent OpenClaw, would be joining OpenAI. The news comes as competition among generative AI companies intensifies. OpenAI rival Anthropic saw an 11% increase in its daily active user base after a Super Bowl ad campaign attacking the ChatGPT maker.
5.Open mic
This illustrated photo taken in Poland on June 5, 2024 shows Apple Podcasts from the App Store displayed on a mobile phone screen. (Photo by Jakub Porzycki/NurPhoto via Getty Images)
Null Photo | Null Photo | Getty Images
apple We are entering the realm of video podcasting. The tech giant announced yesterday that it will debut an integrated video podcasting experience in the spring.
As CNBC’s Zach Vallese reports, this brings Apple’s products closer to Apple’s own. spotifyYouTube, Netflix — all of which lean toward video podcasting. Listeners will be able to tune in and out of the show in the Apple Podcasts app, or download video versions to listen offline.
meanwhile, snap announced the launch of creator subscriptions, aiming to diversify revenue other than advertising. The app’s creators can earn money directly from their most loyal followers through paid memberships in a model similar to Patreon and Substack.
daily dividend
Here’s what we’re looking at this Holiday Shortened Trading Week:
Tuesday: palo alto networks Earnings (after the bell) Wednesday: door dash and figma Income (after the bell). Fed meeting minutes Thursday: walmart, wayfair and Etsy Income (before the bell). Weekly unemployment claims data Friday: GDP data. December Personal Consumption Expenditure Report
CNBC’s Sean Conlon, Jeff Cox, Sarah Ming, Dan Mangan, Laura Multi, Dylan Butts, Ashley Caputo, Samantha Subin, Zach Varese and Annika Kim Constantino contributed to this report. Josephine Rozzelle edited this version.
