5 things to know before the stock market opens on Tuesday, November 7

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

Monday brought only minor gains in the market, but a win is a win. The Nasdaq is experiencing a seven-session positive streak, its longest stretch since January. The S&P 500 and Dow Jones move on a six-day basis as well. Stocks came out of the positive session on Monday after a big week that capped a brutal Friday, driven by the Federal Reserve’s decision to keep interest rates steady and a weak monthly jobs report. This week brings more from Federal Reserve Chairman Jerome Powell, as well as several key earnings reports, including Disney Wednesday. Follow live market updates.

Wework It was once worth $47 billion. Now, the office-sharing company is in the midst of the bankruptcy process after filing on Monday. It has about $16 billion in long-term leases, which the company has renegotiated. (Apart from being the latest buzzy company to fall from grace, WeWork has been a major client for commercial landlords already struggling with inconsistent return-to-office patterns due to Covid.) The move has thrust WeWork into a troubling new chapter in what has been a stunningly steep and rapid fall, which has already been the stuff of a miniseries starring Jared Leto as founder Adam Neumann. For his part, Neumann, who resigned as CEO in 2019 and received huge payouts, described the bankruptcy filing as “disappointing.”

The Hollywood actors’ strike continues. Over the weekend, the studios submitted their “last, best and final” offer to SAG-AFTRA, the union that represents actors. The union said on Monday that it was not good enough, citing the protection of artificial intelligence as one of the main issues holding up an agreement that would allow film and television production to begin again. The strike began in mid-July and has taken a toll on the economics surrounding the film industry, threatening the sentiment media companies are feeling after last week’s healthy stock gains — increasing pressure on both sides to reach an agreement. (Warner Bros. Discovery And Disney They are scheduled to report their earnings on Wednesday.) Actors and studios will report Resume negotiations Tuesday.

Nintendo It has boosted its fiscal year outlook as the Japanese video game giant rides a wave of demand for two of its powerhouse franchises, Super Mario and The Legend of Zelda. In Mario’s case, Nintendo continues to capitalize on “Super Mario Bros.” The film grossed more than $1.3 billion at the global box office. The renewed Mario craze has in turn led to soaring sales of “Mario Kart 8 Deluxe” for the Switch this year, even as Nintendo faces calls to launch a new console. (Similarly, Mattel Last month, Barbie sales were reported to have increased following the character’s blockbuster movie, which grossed more than $1.4 billion.)

The controversial agreement to merge the business operations of the PGA Tour and Saudi-backed LIV Golf has yet to be finalized, opening the door to other potential investors. The most important of these companies, according to the latest news, is Fenway Sports Group, which owns the Boston Red Sox and Liverpool FC. Fenway President Tom Werner, He confirmed some of the speculation on Monday, when he told CNBC’s Scott Wapner that the company has already been in talks with the tour. He declined to provide further details, but nonetheless set the stage for more speculation about the future of professional golf to be up in the air.