10 things you need to know before the opening bell
The Fed is worried it won't achieve one of its key objectives for a while . Minutes from the September FOMC meeting released on Wednesday show many members of the committee believe inflation will remain below the Fed's 2% target for longer.
Rate hike odds were unfazed. The market sees a 76.7% chance the Fed hikes again before the end of the year, according to Bloomberg World Interest Rate Probability data.Earnings season kicks off . Citigroup and JPMorgan report ahead of the opening bell.
Goldman Sachs has a simple plan to make a killing during earnings season . The bank combed through 25,000 earnings reports since 1996 and found that buying straddles (buying both a put and a call) that costs less than the implied earnings-related stock move netted an average profit of 24%, with a success rate of 56%.
Bitcoin passes $5,000 . The cryptocurrency hit an all-time high of $5,136 a coin in early action on Thursday.
The Justice Department will likely try to block a Sprint-T-Mobile deal . A merger between the two mobile carriers would create a company that controls more than half of the market for pre-paid plans, favored by people with little or poor credit, Reuters says.
Tech giants are blaming Chinese regulations for breaching intellectual-property rights . US industry groups representing Apple, IBM and others say China's rules on inbound investment infrige on their intellectual property rights, South China Morning post says.Banks are making preparations for Brexit . Bank of America Merrill Lynch has rented a huge office space in Paris, Bloomberg reports, and Citigroup said it plans to open a European private banking hub in Luxembourg.
Stock markets around the world are higher . Japan's Nikkei (+0.35%) led the gains in Asia and Britain's FTSE (+0.12%) edges up in Europe. The S&P 500 is set to open little changed near 2,553.
US economic data flows. PPI and initial claims will both be released at 8:30 a.m. ET. The US 10-year yield is down 1 basis point at 2.34%.