Here are the most important news, trends and analysis that investors need to start their trading day:
1. The Dow is about to jump 100 points after breaking a 5-week winning streak.
Markets rallied after new Labor Department data showed that the number of non-farm jobs increased by 531,000 in October.
Spencer Platt / Getty Images
A shopper carries a bag outside a Walmart store in San Leandro, California, Thursday, May 13, 2021.
David Paul Morris | Bloomberg | Getty Images
There is a long list of retail income that will give an idea of how American consumers feel about spending their money and whether they are becoming more frugal as prices rise. Investors are also hoping to get an idea of what these companies, including Walmart on Tuesday and Target on Wednesday, are looking forward to ahead of the holiday shopping season. The government’s October retail sales data on Tuesday is an important economic report for the week. According to the latest data on consumer sentiment on Friday, buyers are worried about rising prices.
3. Biden plans to sign the $ 1 trillion infrastructure bill, the coordinator says.
President Joe Biden delivers a speech during a visit to the Port of Baltimore, Maryland, November 10, 2021.
Evelyn Hawkstein | Reuters
The president Joe Biden on Monday going to sign a $ 1 trillion infrastructure bill that was passed by the House and Senate with bipartisan support. The day before the signing ceremony, the White House announced that Mitch Landrieu, the former mayor of New Orleans, would coordinate the implementation of the spending. The president plans to travel to New Hampshire on Tuesday to visit the state’s red-listed bridge for repairs, and on Wednesday to Detroit to stop at General Motors’ electric vehicle assembly plant. Biden began selling the plan to the general public, making a trip to the port of Baltimore last week.
4. Taiwan may replace tariffs, supply chain disruptions at the Biden-Sea summit.
Chinese President Xi Jinping shakes hands with US Vice President Joe Biden (left) at the Great Hall of the People’s Assembly in Beijing on December 4, 2013.
Lintao Zhang | Reuters
Economic relations between the United States and China are dominated by two problems: tariffs and supply chain problems. on Monday, it will take a back seat to more pressing security concerns when Biden holds a virtual summit with Chinese President Xi Jinping. Instead, rising tensions between mainland China and Taiwan are likely to be a priority for the United States. Biden intends to discuss the human rights situation in China at the meeting. Both sides also want to highlight areas of cooperation at the climate conference in Glasgow, Scotland, including: unexpected joint agreement set new targets to reduce fossil fuel consumption.
5. Apple charges taxpayers with a portion of the bill for the implementation of a digital ID card.
Wallet and keys
According to confidential documents obtained by CNBC, Apple is forcing US states to pay part of the bill and provide customer support as part of its plan to turn iPhones into digital ID cards. In June, the tech giant announced that its users would soon be able to store government-issued IDs in the iPhone Wallet app. Georgia and Arizona are set to be the first states to offer a driver’s license in the Wallet app, but they haven’t launched their programs yet. Critics have questioned the kind of taxpayer-driven relationship that ultimately benefits Apple and its shareholders by making the company’s devices even more important.
– The Associated Press contributed to this report. Follow all market activities like a pro. CNBC Pro… Get the latest news on the pandemic with CNBC Coronavirus Coverage…