| | | | | | | | | | | | | 10 Things Before the Opening Bell | | |
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Here is what you need to know. The stock market's 'single-best leading indicator' right now is flashing a warning. Copper has been leading the stock market for 18 months and is signaling weakness ahead for stocks, according to one research firm. The EU fines 5 banks a combined $1.2 billion. The European Union on Thursday announced that five banks, including Citigroup and JPMorgan, were being fined over accusations they colluded in the foreign-exchange market, the AP says. Trump declares a national emergency that could be a big blow to Huawei. In a move expected to allow the US to bar firms from doing business with the Chinese tech giant Huawei, President Donald Trump declared a national emergency over "threats against information and communications technology and services." 3 things Trump gets wrong on trade. China is not paying for US tariffs, trade imbalances do not necessarily signal a weak economy, and tariffs are more of a drag than a boost on growth, according to a fact-check conducted by Markets Insider's Gina Heeb. WeWork's CEO talks to Business Insider. Adam Neumann, the cofounder and CEO of the shared-office-space company WeWork, held a wide-ranging interview with Business Insider's Alyson Shontell and Rich Feloni in which he explained why he thought his company was recession-proof. Warren Buffett's Berkshire Hathaway reveals its Amazon stake for the first time. Berkshire in the first quarter bought 483,300 Amazon shares, giving it a stake worth $904 million, according to a filing out Wednesday. Another senior employee leaves Tesla. David Arnold, Tesla's senior director of global communications, became the 27th key name to leave the electric-car maker since January 2018. Stock markets around the world are mixed. China's Shanghai Composite (+0.58%) was out front in Asia, while Britain's FTSE (-0.05%) was little changed. The S&P 500 was set to open up 0.4% near 2,862. Earnings season rolls on. Walmart reports ahead of the opening bell, while Nvidia and Pinterest release their quarterly results after markets close. US economic data keeps coming. Housing starts and building permits, Philly Fed manufacturing, and initial claims will all be released at 8:30 a.m. ET. The US 10-year yield is little changed near 2.38%. |
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