10 things you need to know before the opening bell

Read full story

Trump wallReuters/Kevin LamarqueU.S. President Donald Trump speaks while participating in a tour of U.S.-Mexico border wall prototypes near the Otay Mesa Port of Entry in San Diego, California.

Here is what you need to know.

Trump is reportedly looking at $60 billion of tariffs on Chinese tech imports. President Donald Trump is seeking to impose tariffs on up to $60 billion of Chinese imports and will target the technology and telecommunications sectors amid a US investigation into intellectual property theft, Reuters says.

Connor Lamb wins the Pennsylvania special election. The Democrat has declared victory in a district that Trump won by 20 points in 2016.

China's industrial sectors roar back to life. China's industrial output grew by 7.2% between January and February compared to the same period a year earlier, making for the fastest growth since June 2017, according to data released by China's National Bureau of Statistics.

It'll take Britain 46 years to pay its Brexit divorce bill. The UK government won't finish paying its £37.1 billion ($51.77 billion) Brexit divorce bill until 2064, according to the latest economic forecasts from the Office for Budget Responsibility.

Barclays strikes a payment deal with cryptocurrency exchange Coinbase in the UK. Barclays has agreed to offer Coinbase access to the UK's Faster Payments Scheme after the cryptocurrency exchange received regulatory approval.

Broadcom is reportedly getting ready to end its bid for Qualcomm. Broadcom is reportedly planning to scrap its bid for Qualcomm after President Donald Trump blocked the chipmaker's proposed acquisition on the grounds of national security grounds, Reuters says. The company is still planing to relocate to the US.

US Steel got whacked. Shares of US Steel fell as much as 8.1% Tuesday after the company raised its guidance due to Trump's tariffs, but fell short of Wall Street expectations.

Stock markets around the world trade mixed. Japan's Nikkei (-0.87%) lagged in Asia and Germany's DAX (+0.28%) leads in Europe. The S&P 500 is set to open up 0.47% near 2,778.

Earnings reports keep coming. Express and Signet Jewelers report ahead of the opening bell.

US economic data flows. Retail sales and PPI will both be released at 8:30 a.m ET. The US 10-year yield is unchanged at 2.84%.

{{}}
Add Comment()

Comments ()

X
Sort By:
Be the first one to comment.
We have sent you a verification email. This comment will be published once verification is done.