What’s News in Markets: Kraft Heinz Split, Macy’s Turnaround, Musk’s Pay

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  Hey, listeners.

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  It's Saturday, September 6th.

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  I'm Francesca Fontana for The Wall Street Journal, and this is What's News in Markets,

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  our look at the biggest stock moves of the week and the news that drove them.

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  Let's get to it.

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  I hope you all had a good Labor Day weekend, which, as we know,

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  shortened this past trading week to four days to kick off the new month.

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  And stocks started September on a gloomy note on Tuesday,

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  with the three major indexes all ending lower.

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  Remember, all three ended August with gains.

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  Traders were feeling skittish for a few reasons,

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  a big one being President Trump's campaign to reshape the Federal Reserve.

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  and uncertainty whether his bid to fire Fed governor Lisa Cook was legitimate.

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  Thursday was the Senate hearing to confirm Trump's ally Stephen Myron as a Fed governor,

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  and Friday's week jobs report cemented the case for an interest rate cut at the central bank's policy meeting this month.

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  All in all, the major indexes ended the week mixed.

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