Stocks lower, Biden joins strikes, Kashkari warning, Tesla, Costco

Five things you need to know before the market opens on Tuesday September 26:

1. — Stocks resume slide, Treasury yields rise as rate bets, shutdown risks rattle markets

Stocks are set for another soft opening Tuesday as risks linked to a hawkish Fed and an undisciplined Congress, continue to mount.

2. — President Biden to join UAW picket line as Big 3 strikes enter second week

President Joe Biden will join striking UAW members on the picket line outside of a Ford assembly plant in Wayne, Michigan later today.

3. — Fed President Neel Kashkari repeats ‘higher for longer’ rate warning

Minneapolis Fed President Neel Kashkari added to the central bank’s ‘higher for longer’ messaging during a speech late Monday in Philadelphia.

4. — Tesla slips lower amid risk of European antitrust probe into China exports

Europe’s competition watchdog has warned carmakers that China-made cars sold in the EU are supported by unfair state-backed subsidies.

5. — Costco earnings on deck with big ticket demand, spending outlook in focus

Costco earnings are likely to provide a good indication of consumer spending power heading into the final months of the year.

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