Here are the top news, trends, and analysis investors need to get their trading day started:
1. The stocks that were set to open steadily after 2021 fell
2. Runoff elections in Georgia could reverse Senate control
Democratic Senate nominees Jon Ossoff (L) and Raphael Warnock (R) take to the stage during a rally with US President-elect Joe Biden outside Center Parc Stadium in Atlanta, Georgia on Jan. 4, 2021.
Jim Watson | AFP | Getty Images
The outcome of the two runoff elections in Georgia on Tuesday will determine whether the Republicans retain control of the Senate. In order to win the majority for their party, the two Democratic challengers Jon Ossoff and Raphael Warnock must beat GOP Sens. David Perdue and Kelly Loeffler. One such outcome would be a 50:50 split in the Senate with Vice President-elect Kamala Harris as a tie for the Democrats.
3. Trump vows to fight like hell for the presidency
On the eve of the runoff election, U.S. President Donald Trump speaks at an election rally in Dalton, Georgia, USA to decide on both seats in the Georgia Senate on January 4, 2021.
Leah Millis | Reuters
President Donald Trump said he would “fight like hell” to stay in power and called on Republican lawmakers to reverse his loss of the election to Joe Biden as they meet on Wednesday to confirm the electoral college vote. Trump spent much of his speech at a Monday night rally in Georgia for Perdue and Loeffler complaining bitterly about his own loss of the election, which he mistakenly and repeatedly believes has been won.
Trump supporters plan to protest electoral college electoral certification this week with demonstrations in the country’s capital on Tuesday evening and Wednesday. The National Guard was mobilized to keep the peace in Washington. Trump encouraged protesters and tweeted on Sunday that he will be there.
4. England enters new national lockdown from Covid
UK Prime Minister Boris Johnson will hold a press conference at 10 Downing Street in central London on December 24, 2020 to brief the nation on the post-Brexit trade deal.
Paul Grover | AFP | Getty Images
UK Prime Minister Boris Johnson said England was passing a national lockdown which he hopes is tough enough to hold a new, highly contagious variant of Covid-19 in. People can only leave their homes to shop for essentials, to work when they cannot be from home, to exercise, see the doctor, and escape domestic violence, Johnson said in Monday evening’s announcement. Primary schools, secondary schools and colleges switch to distance learning on Tuesday.
5. NYSE abandons plans to eliminate three Chinese telecommunications giants
A man walks outside of the New York Stock Exchange (NYSE) in New York, November 24, 2020.
Brendan McDermid | Reuters
The New York Stock Exchange said it no longer plans to delist three Chinese telecommunications giants, overturning a decision announced four days earlier. The NYSE said late Monday it dropped the plans after “further consultations with relevant regulators related to the Bureau of Foreign Wealth Control”. Hong Kong-listed stocks of China Telecom, China Mobile and China Unicom rebounded on news of the reversal. On Thursday, the NYSE announced that it would delist the company’s American custody stocks under a Trump Executive Order.
– The Associated Press and NBC News contributed to this report. Follow all developments on Wall Street in real time with CNBC Pro’s live market blog. Find out about the latest pandemics on our coronavirus blog.
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