5 Things To Know: January 12, 2026

Summary

Andrew Ross Sorkin previews five things to know before the opening bell. The items include a White House threat to indict Fed Chair Jay Powell, Allegiant's acquisition of Sun Country Airlines, a Senate investigation into UnitedHealth, and a Walmart-Google AI shopping partnership. No explicit investment recommendations or theses are developed in the transcript.

• Andrew Ross Sorkin previews five pre-market news items.
• The White House threatens to indict Fed Chair Jay Powell over congressional comments; Powell frames it as an attack on Fed independence.
• Allegiant agrees to acquire Sun Country Airlines in a $1.1 billion cash-and-stock deal.
• A Senate committee investigation says UnitedHealth used aggressive tactics to boost Medicare Advantage diagnoses, and the insurer faces multiple probes.
• Walmart and Google partner on an AI shopping program using Gemini for Walmart and Sam's Club purchases.
• An FCC approval item begins but the transcript cuts off before details are clear.