Traders work on the floor of the New York Stock Exchange (NYSE) in New York, September 26, 2022.

Brendan McDermid | Reuters

Here are the most important news items investors need to start their trading day:

1. The number of posts is i

After two gangbusters days to start the week, stocks are down two days. Despite the 2-2 record, however, the regular shares are on pace to post their best week since late June. Much of that will depend on how investors interpret the September jobs numbers, which the Bureau of Labor Statistics reported Friday morning. The economy added 263,000 jobs last month, below the 275,000 economists had predicted. The unemployment rate came in at 3.5%, below the 3.7% estimate. Market watchers were concerned that the hot-mail report would strengthen the Federal Reserve’s intention to raise rates in its battle against inflation. Read live market updates here.

2. Musk is under pressure

The logo and trading symbol for Twitter is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, July 11, 2022.

Brendan McDermid | Reuters

Elon Musk has until October 28 to buy a deal Twitter, a Delaware judge ruled Thursday. If there is no agreement on that, the case will go to trial in November. The competition between the social network and the billionaire chief executive of Tesla and SpaceX was set to start on October 17. Twitter is suing him because he tried to back out of his contract to buy the company, but Musk said earlier this week that he would regret it. and completed the deal at the original price of $54.20 per share. The judge granted Musk’s request for a delay, which he said would give him more time to complete the deal. But Twitter is questioning the billionaire’s motives. The company objected to moving the trial date, saying the request was “an invitation to misery and delay”.

3. The latest on Credit Suisse

The logo of Swiss bank Credit Suisse is seen at a branch office in Zurich, Switzerland, November 3, 2021.

Arnd Wlegmann | Reuters

Credit Suisse is trying to fight back. The beleaguered Swiss bank said it aims to buy back more than $3 billion in debt securities as its share price falls and bet against its debt. It also plans to sell the Savoy Hotel, located in Zurich’s financial district, signaling the bank’s desire to achieve liquidity. Credit Suisse is reeling from the fallout from several scandals, most notably the one that led to its $5 billion disclosure to hedge fund Archegos Capital Management, which collapsed in March 2021. Earlier this year, federal prosecutors in the States charged Archegos owner Bill Hwang and one of his top lieutenants have been charged with securities fraud, alleging they manipulated deals. A number of banks had second guesses when Archegos went under, but Credit Suisse suffered the most.

4. Pardon the pot of Biden

An employee holds a jar of marijuana for sale after it became legal in the state to sell recreational marijuana to customers over the age of 21 in Ann Arbor, Michigan. Illinois begins the legal sale of marijuana on January 1, 2020.

Matthew Hatcher Reuters

President Joe Biden stunned the country on Thursday, when he announced that he would pardon thousands of people for marijuana offenses. He also ordered members of his Cabinet to review how pot is classified under federal laws. Currently, it is considered more serious at the federal level than fentanyl and is classified at the same level as heroin, Biden noted: “It makes no sense.” He also encouraged governors to follow his lead, as more states legalize marijuana. “Just as no one should be in federal prison for possession of marijuana alone, no one should be in local jail or state prison for that reason, either,” the president said.

Read more: Cannabis stocks rise after Biden announcement

5. Honors under the shadow of war

Belarusian human rights activist Ales Bialiatski speaks after he and the Belarusian human rights organization Vjasna were presented with the 2020 Livelihood Award in Stockholm on December 3, 2020.

Anders Wiklund Afp | Getty Images

This year’s Nobel Peace Prize will be shared among activists in Russia, Ukraine and Belarus, as the illegal invasion of Ukraine by Russian forces collapses. One of the recipients, Ales Bialiatski, is a human rights and democracy activist who is widely considered a political prisoner. It is locked in Belarus, whose government provided space for Russian leader Vladimir Putin to launch his attack on Ukraine earlier this year. The other winners are the Ukrainian rights group, the Center for Civil Liberties and Remembrance, a Russian organization founded in 1987 to honor the victims of political oppression. Read live updates about the war in Ukraine here.

– CNBC’s Samantha Subin, Jeff Cox, Jonathan Vanian, Elliot Smith, Christina Wilkie and Jenni Reid contributed to this report.

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