Here are five key things investors need to know to start the trading day:
1. Three-peat
2. Wet blanket
Elon Musk arrives for the inauguration of U.S. President-elect Donald Trump in the U.S. Capitol Rotunda on January 20, 2025 in Washington, DC. Donald Trump takes office for his second term as the 47th President of the United States.
Kenny Holston | Getty Images
3. ‘Get over it’
Jamie Dimon, CEO of JP Morgan Chase, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025.
Gerry Miller | CNBC
4. CNN layoffs
A person walks past the headquarters of CNN in Atlanta, Nov. 17, 2022.
Brandon Bell | Getty Images
Warner Bros. Discovery’s CNN is planning to lay off hundreds of employees on Thursday, people familiar with the matter told CNBC. The cuts — which aren’t expected to affect CNN’s more recognizable names — will help the network lower production costs and consolidate teams, the people said. NBC News is also planning layoffs this week, according to people familiar with the matter, but the cuts will be well under 50, two of the people said.
Disclosure: NBCUniversal is the parent company of CNBC and NBC News.
5. Relegated
An Electronic Arts video game logo is seen at the Electronic Entertainment Expo.
Lucy Nicholson | Reuters
Shares of Electronic Arts were down 15% before the opening bell on Thursday after the company slashed its full-year guidance for bookings. The video game maker said it now expects to report about $2.215 billion in net bookings for the fiscal third quarter, down from its previous guidance of $2.4 billion to $2.55 billion. EA blamed the shortfall on underperforming games, specifically its soccer franchise which it said began to see a slowdown during the December quarter.
— CNBC’s Samantha Subin, Alex Harring, Sarah Min, Jesse Pound, Kevin Breuninger, Kate Rooney, Jeff Cox, Hugh Son, Alex Sherman and Kif Leswing contributed to this report.
