|  | | | | |  | | |  | | | | 10 Things Before the Opening Bell | | | | | | | Advertisement
 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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