5 things to know before the stock market hits Monday, May 6

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

Stock index futures ended higher last week and moved higher on Monday amid a weaker-than-expected jobs report. last week, Dow Chemical and Nasdaq rose 1.1% and 1.4% respectively, while S&P 500 Index Add 0.5%. Traders are optimistic that the Federal Reserve may cut interest rates sooner this year as the jobs report eases concerns about an overheating economy. Looking ahead to this week, investors will be watching more corporate earnings reports. Follow real-time market updates.

The peak of first-quarter earnings season has passed, but investors are still focused on major companies reporting this week, including Disney and Uber. Social media company Reddit will also release its first financial report since its IPO in March. “First-quarter earnings rebounded better than expected, helped by margins,” Barclays’ Emmanuel Cau wrote in a note Friday. “While the misses were punished, But overall earnings elasticity may limit the stock market’s downside.” Here are the earnings reports worth watching this week:

• on Monday: spirit airlines (before the bell rings); Palantir Technology, sobriety group, rocket lab (after ringing)
• Tuesday: walt disney company spirit aerospace systems inc., Nikola (before the bell rings); Reddit, Astra Labs, Lyft, Virgin Galactic, Rivian Cars (after ringing)
• Wednesday: Uber Technologies Inc., Shopping (before the bell rings); Airbnb, Instant shopping cart (Maple Bear), Bumble, Robin Hood, beyond meat, Tseung Kwan O Group, AMC Entertainment (after ringing)
• Thursday: Warner Bros. Discovery, tapestry, shortbread, Roblox (before the bell rings); sweet green (after ringing)

The “Oracle of Omaha” spoke for several hours at this weekend’s Berkshire Hathaway annual meeting, where he reflected on his death and paid tribute to his longtime partner and business partner who died late last year. Tribute to right-hand man Charlie Monger.Chairman and CEO Warren Buffett discusses why Berkshire sold its apple Investments fell by about 13% and he revealed that the group dumped all assets Paramount Equity losses. Buffett also said his planned successor, Greg Abel, should make investment decisions, including those involving stock portfolios, once he is no longer in the top job. During the meeting, Buffett also answered questions from shareholders, expressed his views on the future of artificial intelligence, and praised Federal Reserve Chairman Powell’s work in guiding the economy. “Not only do I hope you can come next year, I hope I can come next year,” Buffett said at the end of the meeting.

Former FTX CEO Sam Bankman-Fried and Binance founder Changpeng Zhao were once archrivals and major players in the $2.2 trillion cryptocurrency space. But both ended up in prison, with Zhao being sentenced to four months in prison last week and Bankman-Fried being sentenced to 25 years in prison earlier this year. Both cryptocurrency tycoons have spent years touting the power of decentralized digital currencies, but the 296-month difference in their respective prison terms suggests some significant leaks in their business and personal dealings.

disneyStar Wars and LEGO first collaborated on a licensing deal 25 years ago. Since then, the partnership has grown from toys into its own movies, video games and apparel. Fans have been rallying around the license since 1995, which is a boon for privately owned LEGO. The toy company was on the verge of bankruptcy in the early 2000s, but strong sales of Lego Star Wars and Lego’s Biancle franchises helped the company stay afloat while it refocused its business. It was Lego’s first licensing deal, with Star Wars serving as a blueprint for its other brand deals, such as Harry Potter, Batman and Marvel’s Avengers.

—CNBC’s Hakyung Kim, Yun Li, Christina Cheddar Berk, Sarah Min, MacKenzie Sigalos and Sarah Whitten contributed to this report.

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