2. No debt ceiling agreement with seven days until the default deadline. House Speaker Kevin McCarthy says talks with President Joe Biden are moving toward a deal, with negotiators working past midnight. The sticking points have to do with the Republicans’ push to cut spending as part of a deal and the Democrats’ desire for a clean deal.

3. Fitch fired a warning shot at Washington on the debt ceiling, placing the US’s AAA credit status on “negative rating watch.” No one wants a repeat of the summer of 2011, when a debt ceiling deal resulted in a downgrade from Standard & Poor’s and a 17% drop in the S&P 500.

4. There will be a lid on the Dow due to concerns about the debt ceiling. The 30-stock average trying to avoid five straight sessions of decline. He nasdaq is poised for a big jump at the opening of Nvidia’s profit.

5. club exploitation Disney (DIS) is still in crisis. Stocks are trading below $90 per share. But there’s a note from Citi that says ESPN’s switch to streaming could add $20 a share in equity value to the stock. What the hell is really going on here?

(See here for a full list of shares in Jim Cramer’s Charitable Trust.)

As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable foundation’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.