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5 things to know before the stock market opens Wednesday, February 16

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Investors need the following news, analysis and trends to help them start trading:

1. After Wall Street’s 3-day losing streak, stock futures plunge

Traders in the NYSE Floor, February 15, 2022.

Source: NYSE

2. Economic Calendar: Minutes of the Fed’s January Retail Sales Meeting

On Wednesday, December 22, 2021, shoppers carry their bags in the Westfield San Francisco Centre shopping center in San Francisco.

Bloomberg | Bloomberg | Getty Images

Data from the government on January retail sales will be available at 8:30 am. ET will show an expected 2.1% increase in retail sales, compared to the 1.9% drop recorded in December. To see how rising inflation may be impacting Americans’ purchasing habits, traders will examine the sales report. Fears about rising prices caused panic last week. consumer sentimentIn February, the lows were more than 10 years ago.

  • When minutes of the January Fed meeting’s proceedings are published at 2 pm, the investment community will be able to find out more information about the Fed’s plans for fighting inflation. ET. ET. The market expects the central bank will raise interest rates 7 times this year. It is expected that it will begin next month.

3. Biden believes that a Russian invasion in Ukraine is still “distinctly possible”.

The photo is taken from video footage provided by the Russian Defense Ministry Press Service, Tuesday, February 15, 2022. This shows Russian tank forces returning to their base permanent after conducting military drills in Russia.

Russian Defense Ministry Press Service via AP

NATO claimed that it does not see any drawdowns at Ukraine’s border. Russia said WednesdayIt is bringing back more soldiers and weapons to the bases. Moscow’s Tuesday announcement about a pullback received skepticism from around the globe. President Joe BidenThe Russian government was urged to avoid an invasion and to instead choose diplomatic means to end the conflict.

  • Moscow insists it doesn’t intend to invade Ukraine. It is asking, among others, for NATO to never allow the former Soviet republic to become a member. NATO and the United States have stated that Russia’s request cannot be granted.

4. Moderna CEO predicts that Covid could become less powerful in the future 80%

Moderna’s sign can be seen at their Cambridge headquarters on March 11, 2021.

Boston Globe | Getty Images

ModernaCNBC’s Stephane Bancel, CEO of the company, stated Wednesday to CNBC that they are confident in their ability to deliver. “reasonable” to assumeThese are the last stages of the Covid pandemicThe end may not be far. Bancel stated that there is a 80% chance the Omicron variant will become less and more virulent as it evolves. Bancel also saw a 20% chance that a second mutation would emerge, making it more powerful than the current omicron variant.

  • According to Johns Hopkins University data, new daily U.S. Covid deaths continued to fall, dropping by 44% to 136,000190 over the past seven days. The number of U.S. Covid-related deaths per day dropped 8% over a week, but fatalities continued to rise, with an average 2,264 for the seven previous days.

5. ViacomCBS changes the corporate name to Paramount Global

The background of this image shows Paramount+’s logo on a smartphone.

Pavlo Gonchar | SOPA Images | LightRocket | Getty Images

The company also announced lower-than-expected quarterly earnings as well as better-than-expected streaming video revenue and subscriber additions. ViacomCBSAfter the bell on Tuesday, announcing corporate name changeParamount Global. This move is effective Wednesday and ties Paramount Global closer to Paramount+ streaming services. It also takes advantage Paramount’s branding. New tickers are also included with the new Paramount Global moniker, which will be effective Thursday. These include a modification to PARAA for VIACA Class A shares.

— The Associated Press contributed to this report. Sign up now for the CNBC Investing Club to follow Jim Every stock move by Cramer. You can follow the market action as a professional. CNBC Pro.

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