10 things you need to know before the opening bell

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BUSINESS INSIDER
 
 
10 Things Before the Opening Bell
 
 

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Here is what you need to know. 

  1. Global markets are tumbling after weak data out of ChinaChina's Shanghai Composite fell 1.7% after industrial production and retail sales data out of the country showed substantial weakness. Elsewhere, Japan's Nikkei (-2%) and Germany's DAX (-1%) were hit hard. The S&P 500 was set to open down 1.1% near 2,622. 
  2. China slashes tariffs on US autos. Beijing removed additional 25% tariffs on US autos in an effort to ease trade tensions with the US, Reuters says. 
  3. Bitcoin hits its lowest level in 15 monthsThe digital currency touched a low of $3,203 a coin late Thursday, hours after the FBI said bomb threats were mailed across the country by someone demanding bitcoin.
  4. Goldman Sachs has formulated a strategy that can help you crush the market in early 2019The bank has outlined a handful of options strategies intended to make you money around corporate preannouncements and the volatility they create. 
  5. A $64 billion investor reveals her game plan to avoid big losses in 2019. Suzanne Hutchins, the global investment manager at the $64 billion Newton Investment Management, BNY Mellon's thematic investment boutique, explains how her fund is deploying a capital-preservation strategy to limit losses in the horrible year for the stock market that she sees ahead.
  6. Healthcare is now an even bigger chunk of the market, and history suggests that's good news for stocksThe healthcare sector commands 15.6% of the S&P 500, a level at which the broader stock market has seen solid gains over subsequent months in five of the six other instances.  
  7. The California utility PG&E wants to raise pricesThe utility has requested a 12% rate increase in 2020 to help fund its core gas and electric operations, insurance liabilities, and a wildfire safety program, Reuters reports.
  8. GE got its first upgrade at JPMorgan in 2 1/2 yearsShares of General Electric gained 7% Thursday after the JPMorgan analyst Stephen Tusa, a long-time bear on the company, said there was "balanced risk reward at current levels" and upgraded them to a "neutral."
  9. Bank of America shares its 11 favorite stocks for 2019The bank's analysts combed through the data and picked their favorite stocks in each sector that had a "buy" rating and exceptional fundamentals. 
  10. US economic data is heavy. Retail sales will be released at 8:30 a.m. ET before industrial production and capacity utilization cross the wires at 9:15 a.m. ET. Then, at 9:45 a.m. ET Markit manufacturing and services are due out. Data concludes at 10 a.m. ET with business inventories. 
 
 
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