5 things to know before the stock market opens on Friday

good morning. Yesterday, President Donald Trump weighed in on the artificial intelligence debate after several researchers issued alarming warnings about the risks posed by the technology. This is what he said.

Stock futures rose before the bell. All three major stock averages ended Thursday trading lower.

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

Investors are heading into the final trading day of the week keeping an eye on inflation, oil prices and developments from the US Federal Reserve. The consumer price index, the main inflation gauge before the Fed decides on interest rates next week, showed prices continued to rise in August.

Here’s what you need to know:

According to a report released this morning, the CPI increased by 0.4% last month and by 3.4% from a year ago. Both numbers were in line with analyst expectations. Core CPI, which excludes food and energy prices, rose 0.3% for the month, slightly more than expected. This morning’s report came after the producer price index on Thursday rose 0.4% for the month, in line with expectations, but the annual rate rose to 5.4%, slightly above expectations. Energy was the main driver, with diesel prices within the index soaring 24.1%. Rising oil prices are certainly adding to the pressure. usa crude oil Crude oil prices rose about 4% on Thursday, once again surpassing the $100 per barrel mark, and U.S. diesel prices hit a record high of $6 per gallon overnight. Thursday’s PPI report and rising oil prices led traders to push the odds of the Fed raising interest rates by a quarter of a point next week to more than 70%. Stock futures are rising in pre-market trading as investors digest the CPI report. All three major averages are looking to end four-day losing streaks. Follow live market updates here.

oracle Shares rose 7% before the bell after the software giant beat profit estimates and reported cloud infrastructure revenue more than doubled. Overall revenue increased nearly 30% to $19.35 billion, and cloud revenue increased 62% to $11.61 billion.

As Jordan Novet points out, growth comes at a high price. Oracle spent $28.5 billion in capital expenditures last quarter, more than triple the same period a year earlier, as it rushes to build data centers. Negative free cash flow amounted to $5.4 billion, and the company currently has $125 billion in debt.

Still, demand doesn’t seem to be slowing down. Oracle ended the quarter with $664 billion in performance obligations, an indicator of future contract revenue, and said it signed more than $30 billion in additional AI contracts during the quarter.

President Trump’s recent promise to put cash directly into Americans’ pockets has faced questions about its price, effectiveness and, in some cases, legality.

President Trump said Wednesday that every adult American will receive a $5,000 “dividend” if Republicans retain control of the House and Senate in November. The proposal would cost more than $1.2 trillion and quickly drew criticism from Democrats and some conservatives. Legal issues also arose because President Trump explicitly tied the payments to election results.

And on Thursday, the White House announced $500 Obamacare rebates for about 1 million people starting in October. Health policy experts said these checks are just a fraction of the thousands of dollars some households are paying after enhanced Affordable Care Act subsidies expire.

OpenAI does some of the heavy lifting for Wall Street.

The company on Thursday unveiled ChatGPT for Financial Services, a version of its enterprise product co-developed with Morgan Stanley and Evercore that allows users to research companies, analyze financial data and create presentations, tasks traditionally reserved for junior investment bankers.

OpenAI says the technology will not replace bank workers, but make them more productive. But the development raises bigger questions for an industry built around apprenticeships, write Hew Song and Ashley Caputo. If AI handles much of the research and pitching work of training young bankers, how will Wall Street develop the next generation of dealmakers?

Twenty-five years after the September 11, 2001 attacks forever changed air travel, some of the safety restrictions Americans have come to associate with airplanes are beginning to ease.

Travelers will now be allowed to keep their shoes on at regular checkpoints, reversing rules introduced after the 2001 failed “shoe bomber” attack. And this week, the TSA announced “Gateside,” allowing eligible travelers at 13 airports to enter the post-security area even when they’re not on a plane, restoring the possibility of meeting loved ones at the gate.

As Leslie Josephs writes, while some of the old regulations are fading away, security agencies are facing a new generation of threats, including drones, cyberattacks, and AI.

Here are some stories to look back on over the weekend.

—CNBC’s Kai Nicole Schwartz, Jeff Cox, Spencer Kimball, Jordan Novett, Soda Bymiya, Chloe Taylor, Kevin Breuninger, Greg Iacrussi, Hugh Song, Ashley Caputo and Leslie Josephs contributed to this report.

Josephine Rozzelle edited this newsletter.