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10 things you need to know before the opening bell

10 things you need to know before the opening bell

10 things you need to know before the opening bell Jonathan Garber Oct. 16, 2018, 11:42 AM 0 facebook linkedin twitter email print U.S. Secretary of State Mike Pompeo meets with Saudi Foreign Minister Adel al-Jubeir in Riyadh, Saudi Arabia. Reuters/Leah Millis/Pool Here is what you need to know. The US budget deficit balloons. The deficit…


10 things you need to know before the opening bell

Mike Pompeo in Saudi Arabia U.S. Secretary of State Mike Pompeo meets with Saudi Foreign Minister Adel al-Jubeir in Riyadh, Saudi Arabia. Reuters/Leah Millis/Pool

Here is what you need to know.

The US budget deficit balloonsThe deficit jumped 17% to $779 billion in fiscal year 2018, according to the Treasury Department. It was the largest deficit since 2012. 

Chinese inflation surged to its highest level in monthsConsumer prices in China grew at a 2.5% year-over-year clip, the fastest since February, data released Tuesday by the National Bureau of Statistics showed. 

A $150 billion investment chief breaks down a ticking time bomb in markets that traders are foolishly ignoringBrad McMillan — the chief investment officer of the $150 billion Commonwealth Financial Network explains why he is worried about the number of US companies whose credit ratings are sitting dangerously close to junk levels.

America’s biggest companies have larger worries than Trump’s tariffsThird-quarter earnings season is here and America’s biggest companies that have already reported are most concerned about FX headwinds impacting their results.

Microsoft cofounder Paul Allen is dead at 65Allen, a philanthropist who owned the Seattle Seahawks and Portland Trail Blazers, died after a battle with non-Hodgkin’s lymphoma. 

Twilio is spending $2 billion to buy one of its publicly traded partnersThe maker of communication tools for websites has agreed to pay $2 billion — a 40% premium to Monday’s closing value — for the email-marketing platform SendGrid. 

Canopy Growth spikes to a record high as Canada gets ready to legalize weedThe Canadian cannabis producer soared more than 14% Monday — to as high as $57 a share — two days before Canada is set to legalize marijuana.   

Stock markets around the world are gaining groundJapan’s Nikkei (+1.29%) was out front in Asia and Germany’s DAX (+0.25%) leads in Europe. The S&P 500 is set to open up 0.18% near 2,756.

Earnings reporting picks upDomino’s Pizza, Goldman Sachs, Johnson & Johnson, and Morgan Stanley report ahead of the opening bell while IBM and Netflix release their quarterly results after markets close.

US economic flowsIndustrial production and capacity utilization will be released at 9:15 a.m. ET before the NAHB Housing Market Index and JOLTS Job Openings cross the wires at 10 a.m. ET. The US 10-year yield is up 2 basis points at 3.17%. 

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