5 Things To Know Before The Stock Market Opens On Thursday, January 13th

Here are the most important news, trends and analysis that investors need to start their trading day:

1. Wall Street looks higher after Nasdaq’s three-day winning streak

Traders work in the hall of the New York Stock Exchange (NYSE) in New York, January 12, 2022.

Brendan McDermid | Reuters

2. Delta Air Lines reports high profits and earnings; stocks are growing

Delta Air Lines aircraft at Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, USA, on Tuesday, December 21, 2021.

Elijah Nuvlage | Bloomberg | Getty Images

3. More unsurprising hot inflation numbers; new claims for unemployment benefits are on the rise

4. The Senate Commission will hold hearings on Brainard’s candidacy for the post of vice chairman of the Fed.

US Federal Reserve Board Member Lael Brainard speaks after US President Joe Biden appointed her Deputy Chairman of the Federal Reserve Board in the Southern Courtroom of the Eisenhower Executive Office building at the White House in Washington, DC, November 22, 2021.

Kevin Lamarck | Reuters

Senate Banking Committee holds confirmation hearing at 10:00 am ET Thursday to consider Federal Reserve Governor Lael Brainard as the next Fed vice chairman. In a prepared speech, Brainard said that controlling inflation, which has been high in recent decades, is “the most important challenge” facing central banks. Brainard’s prepared remarks are close to the monetary policy scenario used by Fed Chairman Jerome Powell at his second-term approval hearing on Tuesday. He said the Fed will act as needed with higher interest rates and other measures to make sure inflation returns from its current highs to the 2% target set by the central bank.

5. Biden to talk about the federal government’s reaction to the surge in omicrons

President Joe Biden addresses voting rights during a speech at Morehouse College and Clark University Atlanta in Atlanta, Georgia on January 11, 2022.

Jonathan Ernst | Reuters

The president Joe Biden plans to issue a statement on Thursday about his administration’s “harsh reaction” to the surge in Covid cases due to the highly contagious variant of omicron. Biden will highlight the federal government’s efforts to use military medical personnel, starting next week, to help hospitals hit by a dual problem: large numbers of Covid patients and a shortage of staff from sick medical workers. The president will also announce that six additional military medical teams will be deployed in Michigan, New Jersey, New Mexico, New York, Ohio and Rhode Island.

– Reuters and Associated Press contributed to this report. Follow all market activity like a professional on CNBC Pro… Get the latest pandemic news with CNBC Coronavirus Coverage

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