5 things you should know before the stock market opens on Thursday & more related news here

Happy Thursday. With each passing day at the World Economic Forum, my envy grows for those spending the week in Switzerland.

Stock futures are up this morning. The three main averages come from a positive session.

Here are five key things investors should know to start the trading day:

Stocks staged a rally yesterday after President Donald Trump said the United States would not use military force to acquire Greenland. The president later announced that he had reached a deal with NATO over Danish territory, sending stocks even higher.

Here is the summary:

Yesterday, the Supreme Court was skeptical of the Trump administration’s argument that the president could fire Federal Reserve Governor Lisa Cook, indicating that Cook’s job could be secure.

Judge Brett Kavanaugh told Trump’s team that the president’s ability to fire Federal Reserve governors without judicial review “would weaken, if not destroy, the independence of the Federal Reserve.” Justice Samuel Alito, a conservative voice on the court, said Trump’s firing of Cook appeared to have been done in “a very perfunctory manner.”

Speaking of the Federal Reserve: Trump told CNBC yesterday that he was “maybe missing a” candidate to be the next central bank president. Trump declined to name his favorite.

Trump yesterday asked Congress to adopt his plan for temporary limits on credit card interest rates of 10% into legislation. But JPMorgan Chase CEO Jamie Dimon didn’t mince words about the proposal, saying at a Davos event that “it would be an economic disaster.”

Dimon suggested that Trump try a version of the idea in Vermont and Massachusetts. While Dimon didn’t name them, those happen to be the home states of Sens. Bernie Sanders and Elizabeth Warren, who support a five-year, 10% cap on credit card rates.

Dimon also issued a rare rebuke of Trump’s immigration reform efforts while in Davos. “I don’t like what I’m seeing,” the bank chief said, adding that he wanted details about who was being detained in Immigration and Customs Enforcement raids.

Procter & Gamble This morning it modestly beat Wall Street’s earnings expectations for the fiscal second quarter, but revenue fell just short of analysts’ consensus forecast. Shares fell 1.5% in premarket trading.

The parent company of Gillette and Downy said its net income fell from the same period a year earlier, but it reported a 1% increase in net sales. The Ohio-based company lowered its fiscal 2026 outlook, citing higher restructuring charges.

Elsewhere on the earnings front, we are keeping an eye on reports of Intel and Alaska Air due today after the bell.

YouTube has a resolution for 2026: reduce the “AI tilt” in the Google-Property video platform.

In his annual letter published yesterday, YouTube CEO Neal Mohan said managing AI-generated content and detecting deepfakes are priorities for the platform this year. “It is becoming increasingly difficult to detect what is real and what is generated by AI,” Mohan wrote.

As CNBC’s Jennifer Elias reports, those comments come as Google continues to invest heavily in AI infrastructure as it builds out its Gemini models and adds more AI features to its products.

Intel It rose more than 11% yesterday to its highest level since early 2022 as investors prepared for the chipmaker’s earnings report due this afternoon. This was the day of the action:

CNBC’s Kevin Breuninger, Spriha Srivastava, Spencer Kimball Garrett Downs, Sean Conlon, Dan Mangan, Jeff Cox, Hugh Jr., Amelia Lucas, Jennifer Elias and Kif Leswing contributed to this report. Josephine Rozzelle edited this edition.