Before the bell | JPMorgan CEO Jamie Dimon says big risks loom for the U.S. economy

Moomoo Breakfast US wrote a column · Apr 4, 2022 06:32

Hey, mooers! Here are things you need to know before the opening bell:

- U.S. stock index futures were mostly flat Monday, as traders monitor the bond market's warning signals about the economy.

- Mr. Dimon warned that the war in Ukraine could collide with rising inflation to slow the pandemic recovery and alter global alliances for decades to come.

Market Snapshot

U.S. stock index futures were mostly flat Monday, as traders monitor the bond market’s warning signals about the economy.

Futures on the $Dow Jones Industrial Average(.DJI.US)$ climbed 0.03%, while $S&P 500 Index(.SPX.US)$ futures gained 0.17% and $NASDAQ 100 Index(.NDX.US)$ futures climbed 0.37%.

Top News

JPMorgan CEO Jamie Dimon Says Big Risks Loom for the U.S. Economy

Mr. Dimon warned that the war in Ukraine could collide with rising inflation to slow the pandemic recovery and alter global alliances for decades to come.

Zelensky Calls for Justice Over Alleged Russian War Crimes

Ukraine's president described Russian forces as "murderers" and "rapists" as the extent of killings in towns surrounding Kyiv began to emerge, vowing to prosecute what he called war crimes.

The World Is Piling on Debt as It Battles Inflation

A surge in food and fuel prices is raising pressure on governments around the world to pick up the tab for consumers, stretching precarious public finances and intensifying political instability in the shakiest economies.

Stock Funds Slump 6.2% So Far in '22

After starting the year strong, U.S.-stock funds slumped for the first quarter, and bond funds did no better.

Tribes, Industry Groups Reach Deal to Boost U.S. Hydroelectric Power

Long at odds, the groups have reached an agreement to increase hydroelectric power production, conservation and energy storage, but it requires Congress to act.

Hypebeast to List Shares in U.S. Through SPAC Merger

The lifestyle and culture company's deal is to include investments from Tom Brady, Naomi Osaka, Tony Hawk and Jonah Hill.

Starbucks Suspends Buybacks to Invest in Operations

The coffee giant said it is suspending billions of dollars in share repurchases, a move that interim CEO Howard Schultz said would free up cash to invest in cafes and employees. $Starbucks(SBUX.US)$

Credit Suisse Says It Has Taken Steps to Prevent Repeat of Greensill Hit

$Credit Suisse(CS.US)$ said it has made changes to the way it operates to avoid a situation similar to the one it faced when Greensill Capital collapsed, but it won't publish its investigation into the issue due to pending litigation.

Westrock Coffee to Go Public in $1.2 Billion SPAC Deal

The Arkansas-based company is merging with $RIVERVIEW ACQUISITION CORP(RVAC.US)$ and raising a $250 million PIPE from investors including Southeastern Asset Management and the family investment office of the Haslams. $WestRock(WRK.US)$

Thousands of Weekend Flights Canceled or Delayed Due to Severe Florida Weather

Thunderstorms in Florida disrupted airline operations this weekend as spring break travel reached full swing.

House votes to decriminalize marijuana

Economists seek recession clues in the yield curve

JPMorgan CEO Jamie Dimon says big risks loom for the U.S. economy

Key Events This Week