Business Insider

10 things you need to know before the opening bell

Email sent: Aug 29, 2019 7:18 am

Is this your brand on Milled? You can claim it.

 
Learn More about BI Prime View online
 
 
 
BUSINESS INSIDER
 
 
10 Things Before the Opening Bell
 
 

Advertisement

Here is what you need to know. 

1. Stocks are surging after China signals trade talks with the US could be back on. The US and China are discussing in-person trade talks that were scheduled for September, China's Commerce Ministry said on Thursday

2. The Trump administration never agreed to G7 financial aid for the Amazon fires, spokesman says. Trump, citing scheduling conflicts, was not present for Monday's session regarding biodiversity and climate at the G7 summit, but Macron said Trump had representatives at the meeting.

3. Scottish Conservative leader Ruth Davidson quits amid fury over Boris Johnson's plan to suspend parliament. She announced her resignation on Thursday morning amid widespread fury over Johnson's move in the weeks leading up to the United Kingdom's planned exit from the European Union.

4. China is blunting the blows of Trump's trade war and just grabbed an even bigger share of global exports.  A weaker yuan and exporting via other Asian countries has helped China to counter Trump's tariffs. 

5. The Italian president is expected to give a green light to a new government, capping an extraordinary three weeks that could mark a turning point in its frayed relations with the European Union. Italian stocks jumped on the news. 

6. In its IPO documents, Peloton warned it's got some particular shortcomings as a business that could lead to fraud or financial restatement. Peloton on Tuesday made public its IPO paperwork.

7. Tesla said on Wednesday it was launching an insurance service designed to give drivers in California, its biggest market, lower rates because of safety features on its electric vehicles. Tesla said rates of its new plan were as much as 20% lower than those of rivals but did not provide comparisons.

8. Global stocks are rallying on possible trade war talks. US futures the S&P 500 (+1.0%) and the Nasdaq (+1.3%) are rising. In Europe, the Dax (+1.2%) is up as is Euro Stoxx 50 (+1.4%). In Asia stocks were mixed, the Nikkei (-0.1%) and the Shanghai Composite (-0.1%) sank on close but the Hang Seng (+0.3%) was up. 

9. There are some interesting Chinese bank earnings out today. China Construction Bank is the highlight. 

10. There's a stack of important data out today. GDP annualized is out as is initial jobless claims and personal consumption data. 

 
 
Was this email forwarded to you?
 
Download on the app store   Get it on google play
 
Share this
 
fb   tw   g+
 
You received this email because you signed up to this
Business Insider newsletter using the
email: -
 
Email preferences Unsubscribe
TERMS OF SERVICE PRIVACY POLICY
1 Liberty Plaza, 8th Floor. New York, NY 10006
 

Other emails from Business Insider

Oct 16, 2019
10 things you need to know before the opening bell
Oct 16, 2019
Apple and Goldman Sachs are being picky about who gets an Apple Card
Oct 16, 2019
A fund manager who's averaged a 16% annual return since the financial crisis shares his 'secret weapon' — and unpacks 3 stocks driving his success
Oct 16, 2019
Here's Michael Jordan's 56,000-square-foot house in Chicago, and why it's still on the market after 6 years
Oct 16, 2019
In one sentence, Microsoft CEO Satya Nadella gave a brilliant lesson in modern leadership
Oct 15, 2019
Qualcomm’s 5G fixed wireless access will shift telecom competition