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5 things to know before the stock market opens Tuesday, October 18

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Traders at work on the floor of the New York Stock Exchange (NYSE) in New York City on October 17, 2022.

Brendan McDiarmid | Reuters

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

1. Is it the real Larry?

2. Microsoft Confirms Layoffs

Microsoft CEO Satya Nadella speaks at the Microsoft Annual Meeting of Shareholders at the Meidenbauer Center in Bellevue, Washington on November 28, 2018. Microsoft recently overtook Apple, Inc. to become the world’s most valuable public company.

Stephen Brashear | Getty Images News | Getty Images

microsoft dismissed more employees The company confirmed to CNBC on Monday that it is facing slowing revenue growth, especially as the PC market cools. A Microsoft spokesperson said, “Like all companies, we regularly assess our business priorities and make structural adjustments accordingly. The number of layoffs is unknown, but moves are coming.” three months later Microsoft has cut less than 1% of its workforce, up from just over 181,000 as of summer 2021. Axiosciting an unnamed source, had reported earlier Monday that a new round of cuts affected fewer than 1,000 workers.

3. More airstrikes in Ukraine

A police officer stands guard in the street after a drone strike in Kyiv on October 17, 2022, during the Russian invasion of Ukraine.

Sergey Spinski | Afp | Getty Images

4. Netflix Earnings After Bell

A scene from season 4 of Netflix’s Stranger Things.

Courtesy: Netflix

5. “The difference between life and death”

A vial of the Moderna coronavirus disease (COVID-19) booster vaccine targeting the BA.4 and BA.5 Omicron subvariants is pictured at Skippack Pharmacy in Schwenksville, Pennsylvania, September 8, 2022. .

Hannah Byer | Reuters

It’s getting colder and colder, and the holiday season will soon be in full swing. This means more parties and dinners. It also means more people will catch illnesses like the flu, colds and Covid. Older people remain at the highest risk of hospitalization and death from Covid, even as vaccines and treatments become more powerful and widespread, so her Covid rep at the White House urged older people to I’m urging you to get a booster. “If you are over 50, over 65, you should get these vaccines because they can literally save your life.” Dr. Ashish Jha said on Monday“It’s the difference between life and death.”In fact, earlier this month, Jha said about 70% of people dying from Covid are over the age of 75 these days. More than 300 people die every day in the United States from this disease.

– CNBC’s Carmen Reinicke, Jordan Novet, Sam Meredith, and Spencer Kimball contributed to this report.

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