5 things to know before the stock market opens Tuesday, September 20

5 things to know before the stock market opens Tuesday, September 20


Jerome Powell at Jackson Hole, WY

Jonathan Crosby | Reuters

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

1. Fed meeting kicks off

2. Ford’s supply chain pain

Ford F-150 Lightning at the 2022 New York Auto Show.

Scott Mlyn | CNBC

Companies are still contending with supply chain issues, particularly as costs keep rising. Ford Motor said after the bell Monday it expects supplier costs to add up to $1 billion more than expected in the third quarter. The company said supply problems have resulted in parts shortages that affect about 40,000 to 45,000 vehicles, particularly trucks and SUVs. These vehicles also typically carry higher profit margins. Ford said it’ll have more details when it reports earnings Oct. 26. The company’s stock fell about 5% in off-hours trading.

3. Ukraine pressures separatists

Ukrainian soldiers ride on an armored vehicle in Novostepanivka, Kharkiv region, on September 19, 2022.

Yasuyoshi Chiba | Afp | Getty Images

4. FAA won’t cut required flight time for pilots

A Republic Airways plane approaches the runway at Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia, on April 2, 2022.

Daniel Slim | AFP | Getty Images

The Federal Aviation Administration denied a request from Republic Airways to cut in half the required number of hours to become a pilot. Regulations require at least 1,500 hours of flight time for commercial pilots, with exceptions made for certain kinds of military experience. Republic, which flies short routes for United, Delta and American, sought to cut the requirement to 750 hours upon completion of the carrier’s training program. Airlines have blamed a pilot shortage for service cuts, particularly to smaller cities. The FAA said its decision was rooted in the “greater public interest to ensure and maintain the level of safety” the current rules provide. Republic, for its part, said the FAA didn’t give “its proposal review and engagement it deserves.”

5. A box-office savior?

Viola Davis stars in Sony’s “The Woman King.”

Sony

“The Woman King” had the makings of a hit: A stellar cast headed by Oscar winner Viola Davis and Star Wars veteran John Boyega, Oscar buzz, and the promise of big, splashy action scenes. And yet its opening weekend gross of $19 million easily exceeded the expectations of its studio, Sony, and some box-office analysts. Now, the movie, which was a strong draw for female and Black audiences, has the potential to rack up big bucks over a sustained period of time during an otherwise light calendar for movies, which have only a few blockbuster-style releases left this year, including “Avatar: The Way of Water” and “Black Panther: Wakanda Forever.” In another bonus for business-starved theaters, audiences were willing to shell out more money to watch “The Woman King.” About a third of the movie’s viewers paid an average $4.50 extra to see it in premium formats, according to EntTelligence data.

CNBC’s Jesse Pound, Michael Wayland, Holly Ellyatt, Leslie Josephs and Sarah Whitten contributed to this report.

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