10 things you need to know before the opening bell

Learn More about BI Prime View online           10 Things Before the Opening Bell     Advertisement Here's what you need to know before the markets open. 1. Wirecard stock plummets 37% after the payments firm says $2 billion in missing cash likely doesn't exist. The German fintech group's CEO resigned on Friday. 2. 'A terrible, gut-wrenching scenario': Famed investor Wolf Richter says he's shorting stocks because they're more overpriced than before the dot-com crash.  Richter is shorting the SPDR S&P 500 ETF because he's wary of the day-trading boom and the record stock-market rally given the weak US economy. 3. Stock futures cling to hopes of recovery as virus cases rise. US futures rose on Monday on hopes of stimulus-fueled economic recovery even though sentiment remained fragile amid growing evidence of a surge in coronavirus infections. 4.Nokia to cut 1,233 jobs at French subsidiary Alcatel-Lucent. Finland's Nokia Oyj plans to lay off about a third of the local workforce, two union officials said on Monday. 5. Pandemic propels old-school bond traders towards an electronic future. The mammoth bond market has long been the old-school bastion of the financial world, but the COVID-19 pandemic has cast a light on its future - and it looks primarily electronic. 6. Global dollar crunch appears over as central banks rely less on Fed backstop. A global crunch for US dollars that was a hallmark of the early moments of the coronavirus crisis appears to have passed, the latest milestone in a remarkable turnaround in financial conditions engineered by the Federal Reserve and other top central banks. 7. Google billionaire Sergey Brin has a secret charity that sends ex-military staff into disaster zones on a superyacht. The Google cofounder and world's eighth-richest person has a secret disaster-response team, according to a report by The Daily Beast. 8. Most stocks are down. Stocks are down in Europe and Asia. But US futures are up 0.8% to 1%, signaling a positive open.  9. Some earnings are trickling out. Fuwei Films Holdings and PT Telekomunikasi Indonesia (Persero) are on the list. 10. Economic data is out today. The Bank of Canada's governor, Tiff Macklem, is due to give a speech.     Was this email forwarded to you? SUBSCRIBE NOW     You received this email because you signed up to this Business Insider newsletter using the email: ipat39@gmail.com   Email preferences Unsubscribe TERMS OF SERVICE PRIVACY POLICY 1 Liberty Plaza, 8th Floor. New York, NY 10006