5 things to know before the stock market opens on Thursday

Happy Thursday. Planning a road trip this summer? If Kalsi traders are right, you could be paying $4 a gallon for gas again.

Stock futures are mixed this morning, with semiconductor stocks weighing on the market. Yesterday, all three major averages closed higher.

Here are five important things investors need to know to start their trading day.

Wholesale prices unexpectedly fell last month, another encouraging sign that inflation may be returning to its limits. Yesterday’s Bureau of Labor Statistics report also gave investors hope that the Fed may hold off on raising interest rates.

Here’s what else you need to know:

united airlines Both areas beat Wall Street’s second-quarter expectations. But as CNBC’s Leslie Josephs reported, the airline’s adjusted earnings forecast for the current period, which warned it could incur nearly $6 billion in additional fuel costs this year, fell short of analysts’ expectations.

The Chicago-based airline said fuel costs in the second quarter were 84% higher than a year ago. United Airlines said it would cover up to 90% of the increased costs in the current quarter and the full amount in the final three months of the year.

The company’s stock price is down more than 3% before the bell.

shares of united health Shares rose nearly 6% in premarket trading after the insurance company beat Wall Street expectations for the second quarter and raised its full-year profit outlook.

As Annika Kim Constantino reports, the health care giant said its turnaround is gaining momentum by eliminating unprofitable contracts, reducing membership and containing medical costs. We are also investing $1.5 billion in artificial intelligence to increase efficiency.

Still, Chief Financial Officer Wayne DeVate said health care costs remained high in the quarter, and the company warned that more customers were dropping out of their plans due to rising premiums.

Mr. Warsh was not the only person testifying at the Capitol yesterday. Todd Blanche, President Donald Trump’s nominee for attorney general, was questioned before the Senate Judiciary Committee about the Epstein file, the Justice Department’s now-canceled “anti-weaponization” fund, and FBI Director Kash Patel.

Meanwhile, Jim Clayton refused to acknowledge Joe Biden’s victory in the 2020 election during his confirmation hearing as director of national intelligence. Mr. Creighton also defended his decision to subpoena New York Times reporters, telling senators he had no knowledge that his predecessor was involved in the attack on a Georgia election office.

In a voluntary interview with the House Oversight Committee, he said: goldman sachsFormer top lawyer Kathryn Remler says convicted sex offender Jeffrey Epstein lied to her about his actions. Ruemmler said she would have called law enforcement if she had witnessed signs that Epstein was abusing women and girls.

Anthropic plans to meet with investors ahead of a possible IPO this year, CNBC reported. goldman sachs, morgan stanley and JP Morgan Chase Everyone is involved in planning this service.

As CNBC’s Ashley Caputo and Hugh Song report, bankers will gauge investor demand before any roadshow or stock sale takes place. The artificial intelligence startup secretly filed its IPO prospectus with regulators last month, but Claude’s maker has not said when it will debut.

Notably, Anthropic is likely to beat out rival OpenAI on the public market. Anthropic was last valued at $965 billion, higher than OpenAI’s $852 billion valuation.

—CNBC’s Jeff Cox, Matt Peterson, Brandon Gomez, Sean Conlon, Leslie Josephs, Annika Kim Constantino, Dan Mangan, Justin Papp, Luke Fountain, Emily Wilkins, Ashley Caputo, Hew Song, Samantha Subin and Gabriel Cortez contributed to this report.

Luke Fountain helped produce this newsletter. Josephine Rozzelle edited this version.