5 things to know before the stock market opens Tuesday, September 14th
Here are the most important news, trends and analysis that investors need to start their trading day:
1. Dow futures shoot up, becoming positive after key inflation data
A statue of George Washington is pictured in front of the New York Stock Exchange on Wall Street in New York City.
Johannes Eisele | AFP | Getty Images
2. Apple to hold the launch event, release the iOS security patch
Apple CEO Tim Cook speaks during a special event at the Apple Park company headquarters in a still image from the video made in Cupertino, California, United States on September 15, 2020.
Apple Inc. | Reuters
Apple makes its annual event for iPhone Tuesday, the company’s seventh straight virtual launch due to the pandemic. The technology giant is expected to introduce new iPhones and updates to its AirPods and Apple Watch, according to analysts. The new iPads and MacBooks Pro are also up for an update, though it’s unclear whether Apple will pack all of its fall launches into one or release them.
Apple has released a patch for iOS, its mobile operating system, to resolve a vulnerability related to the iPhone’s iMessage feature. An Israeli company has been exploiting the weakness since February, according to the Citizen Lab research group. The company, NSO Group, has not confirmed or denied responsibility. The FBI and Israeli officials are investigating NSO.
3. Cathie Wood predicts big gains for Tesla, digital currencies
Cathie Wood, founder and CEO of ARK Investment Management LLC, speaks during the Skybridge Capital SALT New York 2021 conference in New York City on September 13, 2021.
Brendan McDermid | Reuters
Cathie Wood of Ark Invest, the popular investor that focuses on disruptive innovation, made bullish calls Monday night at Tesla and in cryptocurrencies at the annual SALT conference. Asked about his recent cut in Tesla’s stake, Wood said it was a technical move and the electric vehicle maker still owns more than 10% of Ark’s top fund. Wood has grown more and more tall on the ether, saying its cryptographic portfolio now makes up 40% in the second largest digital currency in the world and 60% bitcoin.
4. President of the SEC to address questions about cryptocurrencies
Gary Gensler, chairman of the Commodity Futures Trading Commission (CFTC), listened during a meeting of the Financial Stability Board (FSOC) meeting at the U.S. Treasury in Washington, DC, United States, on Monday, December 9, 2013.
Andrew Harrer | Bloomberg | Getty Images
5. House Democrats propose tax cuts to pay $ 3.5 trillion
Richard Neal (L), Massachusetts Democrat, President of the Council Nancy Pelosi and House Ways and Means, President, speaks of the US – Mexico – Canada agreement, known as USMCA, on Capitol Hill in Washington, DC , December 10, 2019.
Saul Loeb | AFP | Getty Images
House Democrats It raises the tax bill that will be used to offset up to $ 3.5 trillion in spending on the social security network and climate policy. The proposal includes the highest corporate tax rates of 26.5% and 39.6%, respectively. Fiscal plans may change as Democrats try to craft and pass a final bill in the coming weeks. The proposal also includes a 3% surcharge on individual income above $ 5 million and a capital gains tax of 25%.
– Reuters contributed to this report. Follow all the market action like a pro CNBC Pro. Get the latest news on the pandemic with CNBC coronavirus coverage.