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10 things you need to know before the opening bell

10 things you need to know before the opening bell

Overcrowded bus India

AP/Aijaz Rahi

Indian students hang on the door of an over crowded moving bus during morning rush hour in Bangalore, India.

Here is what you need to know.

$4. On Tuesday, President Donald Trump's administration released a list of $200 billion worth of Chinese goods, including seafood and other fresh goods, that could be subject to a new 10% tariff.

$4. "In order to safeguard the core interests of the country and the fundamental interests of the people, the Chinese government will, as always, have to make the necessary counter-measures," China's Commerce Ministry said in a statement.

$4. China's Shanghai Composite (-1.76%) led Asia lower and Germany's DAX (-1.38%) trails in Europe. The S&P 500 is set to open down 0.69% near 2775.

$4. Bank of America Merrill Lynch says 14 of the 19 signposts that it's watching for a bear market have been triggered, but that there still may be huge stock market gains ahead.

$4. Murdoch's 21st Century Fox has agreed to buy Britain's Sky in a deal worth $32.5 billion, Reuters says.

$4. The company said the plant, which will take about two years to start producing vehicles and another two-to-three years to be fully operational, could produce about 500,000 vehicles a year when completed.

$4. Pharma giant Pfizer said the price for 100 of its products will go back to their pre-July 1 levels "as soon as technically possible" after the company was singled out by Trump in a tweet about drug pricing.

$4$4. An unauthorized copy of "Margin of Safety," the investing bible written by the billionaire value investor and hedge fund manager Seth Klarman, was sold for $9.99 on the Amazon Kindle for a few days. Investors have been known to pay thousands of dollars for the out-of-print book.

$4. Economists surveyed by Bloomberg see a 97.4% chance the Bank of Canada raises its key interest rate 25 basis points to 1.50%. The Canadian dollar is down 0.25% at 1.3165 ahead of the decision.

$4. Producer prices will be released at 8:30 a.m. ET. The US 10-year yield is down 2 basis points at 2.83%.

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