Anything For You All: 10 things you need to know before the opening bell

Jumat, 01 November 2019

10 things you need to know before the opening bell


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10 Things Before the Opening Bell

Here is what you need to know.

1. Goldman Sachs says Elizabeth Warren's tax plan will cut S&P 500 earnings by 11%. The Wall Street giant said Warren and other contenders' plan to reverse Trump's tax cuts would cut corporate profits on a per share basis.

2. Adam Neumann demoted his chief of staff for being pregnant, a new complaint against the ousted CEO and WeWork alleges. Medina Bardhi filed a complaint with the Equal Employment Opportunity Commission over WeWork's culture of gender discrimination.

3. American farmers are struggling amid poor weather and trade-war stress. Excessive rains and an October snowstorm have stalled the harvest in the US grain belt's northern tier, one more blow to farmers already struggling with the effects of planting delays and a trade war that has pressured commodity prices.

4. AppleTV+ debuts streaming TV service with Oprah and Jennifer Aniston. The iPhone maker's entry into the crowded streaming TV market, debuts on Friday as the first "all-original" subscription video service, according to Apple Inc Chief Executive Tim Cook.

5. China's proposed digital currency more about policing than progress. China prepares to become the first country to launch a digitized domestic currency.

6. General Motors strike looms over US October job growth. Job growth likely slowed sharply in October, weighed down by a strike at General Motors.

7. Christine Lagarde starts her first day as the new head of the European Central Bank. Here's a lowdown of her career so far.

8. Stocks are edging up on Friday. US futures underlying the S&P 500 (+0.2%) and the Nasdaq (+0.3%) are rising. In Europe, stocks are on the up with the DAX (+0.3%) and the Euro Stoxx 50 (+0.2%) climbing. Asian stocks closed mixed with the Nikkei (-0.3%) dropping, while the Shanghai Composite (+1.0%) and the Hang Seng (+0.7%) rose.

9. There are some major earnings out today. Oil giants Chevron and Exxon Mobil report later.

10. Today is a huge day for data. Market watchers will be keeping an eye on PMI, nonfarm payrolls and the unemployment rate.