5 things to know before the stock market opens Thursday, October 7

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

1. Dow poised to leap as optimism builds for debt ceiling deal

Traders on the floor of the New York Stock Exchange, October 6, 2021.

Brendon McDermid | Reuters

2. Bond yields rose following data on jobless claims before the bell

A career fair in Louisville, Kentucky on June 23, 2021.

Luke Sharrett / Bloomberg via Getty Images

3. McConnell wants to give Dems time to act alone on the debt ceiling

Senatorial Minority Leader Mitch McConnell, a Republican from Kentucky, speaks at a press conference following the Senate Republicans’ Political Lunches at the United States Capitol in Washington, DC on Tuesday, September 14, 2021 .

Stefani Reynolds | Bloomberg | Getty Images

4. Biden to tout Covid vaccine mandates for big business

U.S. President Joe Biden speaks about the bipartisan infrastructure bill and its Build Back Better program at the International Union of Operations Engineers Training Center in Howell, Michigan on October 5, 2021.

Nicolas Kamm | AFP | Getty Images

President Joe Biden Thursday is about to visit Chicago meet the CEO of United Airlines and local Democratic leaders as he touts his decision to impose Covid vaccine mandates on employees of large corporations. Last month, Biden ordered all federal workers and contractors to get vaccinated, with a few exceptions. For private employers with 100 or more workers, he proposed requiring employees to be vaccinated or tested weekly. Meanwhile, Pfizer said Thursday it has asked the Food and Drug Administration to clear its Covid vaccine with BioNTech for children aged 5 to 11.

5. George Soros’ fund owns “a few” bitcoins, fund CEO confirms

Hungarian-American investor and philanthropist George Soros delivers a speech on the sidelines of the annual meeting of the World Economic Forum (WEF) on January 23, 2020 in Davos, eastern Switzerland.

Fabrice Coffrini | AFP | Getty Images

Soros Fund Management, the asset management company founded by a billionaire investor and philanthropist George Soros, revealed that he owns the cryptocurrency bitcoin. The family office owns “a few coins … but not a lot,” said Dawn Fitzpatrick, CEO and CIO of Soros Fund Management, in an interview at a Bloomberg event this week. While declining on Thursday, bitcoin has made a comeback in recent days, trading above $ 54,000.

– The Associated Press and Reuters contributed to this report. Follow all market actions like a pro on CNBC Pro. Get the latest pandemic news with CNBC’s coronavirus coverage.


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