5 things you need to know before the stock market opens on Monday

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

The Federal Reserve’s long-awaited interest rate cut could finally come this week. The central bank’s policymakers are scheduled to announce on Wednesday whether they will ease monetary policy after inflation and job growth began to slow in recent months. Looking ahead to the week, traders are pricing in a 59% chance that the central bank will cut its target rate by 0.5 percentage points, according to the CME FedWatch tool. The key decision comes after a solid week for U.S. stocks. S&P 500 Index gained around 4% last week, while the Nasdaq Composite Index rose almost 6%. Dow Jones Industrial Average rose 2.6%. Follow live market updates.

Republican presidential candidate Donald Trump was safe Sunday after what the Federal Bureau of Investigation said “appears to be an assassination attempt.” The former president was playing at his Florida golf club when U.S. Secret Service agents “opened fire on a gunman located near the property line” of the course, Special Agent Rafael Barros said at a news conference. It was unclear where the gunman was aiming or whether the person fired any shots. The person shot by the Secret Service is in custody and has been identified as Ryan Wesley Routh, three senior law enforcement officials told NBC News. The incident is the second apparent assassination attempt on Trump in recent months during the 2024 presidential election.

Pfizer’s drug that treats a common condition that plagues cancer patients took a big step forward over the weekend. The drugmaker released positive trial data for its treatment called ponsegromab, which could become the first drug approved specifically to treat cancer cachexia. The potentially fatal disease causes cancer patients to lose appetite and weight and affects about 9 million people worldwide. Pfizer said patients who took the treatment experienced improvements in their body weight, physical function and quality of life.

Shein and Temu prices could rise. The Biden administration has proposed a rule to curb the use of a loophole in tariff law that both popular online retailers with ties to China have used to minimize their import tariffs. Prices at Shein and Temu could rise by 20% if the so-called de minimis exemption is changed, according to a spokesman for the Republican-majority House Select Committee on the Chinese Communist Party, which made the estimate after investigating the companies last year. Both companies have said their low prices do not depend on the loophole, and Shein has said it supports reforming the de minimis provision.

DirecTV users who want to watch “Monday Night Football” can breathe easy. The pay-TV provider has reached an agreement with Disney On Saturday, DirecTV announced it will end a blackout of the media giant’s channels, including ESPN. The deal gives DirecTV the ability to offer customers multiple genre-specific options, such as sports and kids’ content, and to offer Disney’s streaming services in its packages or on demand. The blackout lasted through the U.S. Open, a series of college football games and the NFL’s season-opening “Monday Night Football” game.

– Pia Singh, Rebecca Picciotto, Annika Kim Constantino, Gabrielle Fonrouge, Alex Sherman, Lillian Rizzo and Jake Piazza of CNBC contributed to this report.