Stocks higher, Tesla, UAW strike, Disney, $100 oil

Five things you need to know before the market opens on Monday September 18:

1. — Stocks nudge higher with Fed, central bank rate decisions in focus; Oil extends gains

The Fed’s Wednesday rate meeting highlights a hectic week for central bank action with policy decisions from Japan, Britain and Switzerland all on deck.

2. — Tesla slips as Goldman lowers profit forecasts amid price cuts, margin pressures

Goldman sees lower 2023, 2024 earnings as Tesla continues to win market share with price cuts that will hit overall profit margins.

3. — UAW rejects improved Stellantis pay deal as historic strike enters fourth day

UAW President Shawn Fain called Stellantis’ improved pay deal a “no go” and vowed the union will do “whatever we have to do” to settle its Big Three dispute.

4. — Disney higher as Raymond James starts coverage with bullish steaming outlook

Disney is accelerating its streaming transition with the sale of its linear networks as it continues to follow the newly-designed path of interim CEO Bob Iger.

5. — Oil Heading to $100 as China demand, supply concerns extend crude rally

Extended cuts from Russia and Saudi Arabia, a resilient U.S. economy and a nascent China recovery are all combining to push global crude prices closer to the $100 mark.

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