Brendan McDermid | Reuters Here are the most important news investors need to start their trading day:

1. Is this week over yet?

U.S. stock futures fell on Friday, putting markets on track for a losing week. The Nasdaq, in particular, was brutalized, as high-risk tech stocks are more sensitive to changes in interest rates. The three major indexes fell again on Thursday, a day after the Fed announced its decision to raise its key interest rate by another three-quarters of a point to a 14-year high. But the central bank’s warning that it could raise interest rates to 4.6%, up from 3% today to 3.25%, sparked fears that policymakers may be doing too much, too late. Bond yields have also risen, fueling fears that a recession is looming in 2023.

2. FedEx is trying to stop the bleeding

FedEx cargo plane Leslie Josephs | CNBC Speaking of recession fears, FedEx’s CEO spooked investors last week when he told CNBC’s Jim Cramer that he believes we’re on the brink of a global recession after the delivery company pulled back its guidance and cited declining demand. Its stock rose on the news. FedEx’s issues have left investors and analysts wondering how much of them stem from financial pressures versus the company’s own weaknesses. On Thursday, FedEx released its full earnings report — inadvertently before the market closed — and revealed a plan to cut costs between $2.2 billion and $2.7 billion through fiscal 2023. The company also said that will also increase shipping prices.

3. Putin’s growing nuclear threat

Russian President Vladimir Putin attends a meeting with Novgorod Region Governor Andrei Nikitin in the city of Velikiy Novgorod, Russia, September 21, 2022. Gavriil Grigorov | Sputnik | via Reuters The Russian government is standing by President Vladimir Putin’s warning that it could use “all means at our disposal to protect Russia and our people” as Western arms and money fuel Ukraine’s increasingly successful defense . Leaders and experts saw a nuclear threat in Putin’s words. Indeed, Dmitry Medvedev, a former Russian president who is a key figure in Putin’s government, followed up by saying the country would use any weapon to defend itself, including strategic nukes. “From the person who has sole decision-making power on Russian nuclear weapons, this should be taken seriously,” said Andrey Baklitskiy, a senior researcher at the United Nations Institute for Disarmament Research, referring to Putin.

4. Live from the Big Apple, it’s … Apple

Giancarlo Stanton #27 of the New York Yankees is greeted by teammate Aaron Judge #99 after hitting a two-run home run in the first inning during the game between the New York Yankees and the Washington Nationals at Nationals Park on Thursday 23 July. 2020 in Washington, DC. Alex Trautwig | Major League Baseball | Getty Images

5. Will Bed Bath & Beyond survive?

A person walks out of a Bed Bath & Beyond store in New York, June 29, 2022. Andrew Kelly | Reuters Bed Bath & Beyond is promoting an aggressive turnaround plan as its stock price and sales slide, but it will be difficult for the retailer to get out of the mess it’s in. companies that supply the items or products that the home goods chain will need to sell if it is to avoid bankruptcy. The company says its new plan, which relies on a new loan and national brands, has been well received. But former executives who recently left the company told CNBC that the company has alienated suppliers by delaying payments and prioritizing its own brands. Read about what’s at stake for Bed Bath & Beyond here. – CNBC’s Alex Harring, Sam Meredith, Jack Stebbins, Kif Leswing, Melissa Repko and Lillian Rizzo contributed to this report. — Join the CNBC Investing Club now to follow Jim Cramer’s every stock move. Follow the broader market action like a pro on CNBC Pro.