10 things you need to know before the opening bell

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10 things you need to know before the opening bell

Robot orchestra conductor

Reuters/Remo Casilli

Humanoid robot YuMi conducts the Lucca Philharmonic Orchestra performing a concert alongside Italian tenor Andrea Bocelli at the Verdi Theatre in Pisa, Italy.

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Goldman Sachs says Hurricanes Harvey and Irma are going to have a big impact on US growth. The storms will erase 0.8 percentage points from third-quarter GDP, which Goldman thinks will now come in at 2%, a note sent out by economist Spencer Hill said.

UK unemployment hits a 42-year low. Unemployment dipped to 4.3% in the three months to July, data released on Wednesday by the Office for National Statistics showed.

Bitcoin dives below $4,000 after Jamie Dimon called it a "fraud." The cryptocurrency has fallen 7.5% to $3,928 a coin after JPMorgan CEO Jamie Dimon said it was a "fraud" that was "worse than tulip bulbs."

Jeff Gundlach says the dollar is overdue for a rally. In his quarterly webcast, DoubleLine Capital Founder Jeff Gundlach said the dollar is overdue for a rally and that the US dollar index (currently 91.85) could climb as high as 97 before seeing another leg lower.

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Shares of Apple suppliers were hit hard after Tuesday's event. Zhejiang Quartz Crystal Optoelectronic Technology - a company which supplies optical filters for the iPhone cameras - fell as much as 9% in China and Pegatron Corporation - which assembles the iPhone - slid more than 3% in Taiwan after Tuesday's Apple event.

Nordstrom wants to go private. The Nordstrom family and private equity firm Leonard Green & Partners are in talks to raise $8 billion to buy the 68.8% of the company not controlled by the family, CNBC says.

Toshiba is in chip talks with Bain. Toshiba and Bain have signed a memorandum to set up talks for the former's struggling chip business, Reuters says.

Seadrill files for bankruptcy. The oil rig firm filed for Chapter 11 bankruptcy in a Texas court, nearly wiping out existing shareholders, in an effort to get its massive debt load under control, Reuters reports.

Stock markets around the world trade mixed. Japan's Nikkei (+0.45%) was out front in Asia and Britain's FTSE (-0.42%) trails in Europe. The S&P 500 is set to open down 0.11% near 2,494.

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US economic data trickles out. PPI will be released at 8:30 a.m. ET. The US 10-year yield is down 1 basis point at 2.16%.