5 things to know before the stock market opens Thursday

Traders work on the floor of the New York Stock Exchange. 


Here are the most important news items that investors need to start their trading day:

1. Muddling through

The bulls are mucking through an inconclusive week. Retail sales came in hotter than expected Wednesday, which should, in theory, feed worries that the Federal Reserve will keep raising rates until morale, er, inflation improves. But stocks still finished the day higher, albeit not by large margins. Investors will chew over more economic data Thursday: the January producer price index report, which gauges wholesale inflation; weekly jobless claims; and housing starts. Follow live markets updates.

2. Electric worry

Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022 at the automaker’s Ford Rouge Electric Vehicle Center (REVC).

Michael Wayland | CNBC

3. Cisco comes through

A sign bearing the logo for communications and security tech giant Cisco Systems Inc is seen outside one of its offices in San Jose, California, August 11, 2022.

Paresh Dave | Reuters

4. Here’s who helped SBF get out on bail

Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, leaves following a hearing at Manhattan federal court in New York City, January 3, 2023.

Andrew Kelly | Reuters

Indicted FTX founder Sam Bankman-Fried secured his release on bond with the help of two academics at Stanford University. One of them, Stanford Law School dean emeritus Larry Kramer, said he’s close with SBF’s mother and father, who are professors at the law school. “Joe Bankman and Barbara Fried have been close friends of my wife and I since the mid-1990s,” Kramer told CNBC. Andreas Paepcke, a research scientist at the school was the other guarantor whose name was under seal until a federal judge decided otherwise, following a motion by several media outlets, including CNBC. Paepcke didn’t respond to a request for comment. SBF, who has been charged with sweeping fraud and conspiracy counts, was released on a $250 million bond in December. His parents also signed on as guarantors.

5. Sanders vs. Schultz

Senator Bernie Sanders (I-VT) (L), Starbucks CEO Howard Schultz

Reuters (L) | Getty Images (R)

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