By Barbara Kollmeyer
An activist investor is set to push Peloton Interactive /zigman2/quotes/208035743/composite PTON +3.55% to fire its CEO and seek a sale, as shares have slumped in recent months. Meanwhile, another public relations disaster could be looming, after a key “Billions” character was shown suffering a heart attack while using a Peloton machine. Shares are down.
The Markit manufacturing and services purchasing managers indexes are due after the market open, in a week that will bring us a Fed meeting and more inflation data.
China has lifted a month-long COVID-19 lockdown on 13 million residents in X’ian , but anyone who buys anti-fever drugs will be required to test for the virus. And the World Health Health Organization’s Europe director says the omicron coronavirus variant could bring an end to the pandemic in Europe .
And here’s why El Salvador’s president is donning a McDonald’s uniform on his Twitter /zigman2/quotes/203180645/composite TWTR +2.60% profile, following bitcoin’s recent plunge. Note, cryptos are back under pressure for Monday, with bitcoin /zigman2/quotes/31322028/realtime BTCUSD +2.41% pushing further below $35,000.
Russian stocks /zigman2/quotes/210597950/delayed RU:RTS -5.83% are collapsing and the ruble /zigman2/quotes/210561862/realtime/sampled USDRUB -0.6691% has dropped to a fresh low after the U.S. ordered families of its diplomats to leave Ukraine amid fears of an imminent Russian invasion. Another report said President Joe Biden could send U.S. troops to the Baltic states.
Read how the standoff could trigger market shock waves .
Stocks /zigman2/quotes/210598065/realtime DJIA +0.92% /zigman2/quotes/210599714/realtime SPX +1.24% /zigman2/quotes/210598365/realtime COMP +1.88% are deep in the red after last week’s selling. European stocks /zigman2/quotes/210599654/delayed XX:SXXP +1.88% are getting hammered and Asia markets were mostly lower. The yield on the 10-year U.S. Treasury /zigman2/quotes/211347051/realtime BX:TMUBMUSD10Y +2.05% is down 4 basis points to 1.71%.
Here are the most active stock tickers on MarketWatch as of 6 a.m. Eastern.
|/zigman2/quotes/200235402/composite AMC||AMC Entertainment|
|/zigman2/quotes/206251935/composite BBIG||Vinco Ventures|
Here’s to screaming, exhausted pandemic-mom style .
A Spanish engineer made a ‘WhatsApp’ device for his noncellphone-using grandma .
Need to Know starts early and is updated until the opening bell, but sign up here to get it delivered once to your email box. The emailed version will be sent out at about 7:30 a.m. Eastern.
Want more for the day ahead? Sign up for The Barron’s Daily, a morning briefing for investors, including exclusive commentary from Barron’s and MarketWatch writers.