10 things you need to know before the opening bell

Here is what you need to know.

1. WeWork will reportedly shelve its IPO in a 'last-minute decision' after weak investor interest. SoftBank, a key investor for WeWork, discussed kicking in $750 million to $1 billion to support the IPO, but WeWork determined it would still have raised less than the $3 billion needed to unlock a $6 billion credit line, Reuters reported.

2. China's industrial production just keeps falling - and it's bringing the US down with it. China's industrial production fell in August, after hitting a 17-year low in July. That's a big risk to the US in an election year, says Pantheon Macroeconomics.

3. Oil falls more than 1% as the market awaits a response to Saudi oil attacks. Oil spiked 20% yesterday in opening trading after Saudi oil facilities were hit by strikes over the weekend.

4. Lagarde wins EU lawmakers' approval to lead ECB. The former head of the IMF would be the first woman to hold the role.

5. Anheuser-Busch InBev NV kicked off a second attempt to spin off its Asian business in Hong Kong with the launch of an IPO on Wednesday worth up to $6.6 billion. In July, AB InBev tried to raise up to $9.8 billion through an initial public offering of Budweiser Brewing Company APAC.

6. Donald Trump said on Monday the United States has reached an initial trade agreement with Japan. In a letter to Congress released by the White House, Trump said he intends to enter into the deal on tariff barriers in the coming weeks.

7. Boris Johnson could be forced to delay Brexit, says UK Justice Secretary. Johnson insisted there were "no circumstances" in which he would request an extension to Article 50, adding that he would rather be "dead in a ditch" than accept another delay.

8. Markets are falling today, with Asia taking heavy losses. US futures the S&P 500 (-0.1%) and the Nasdaq (-0.2%) are both down. In Europe, stocks opened muted with the DAX (-0.2%) falling and Euro Stoxx 50 flat. In Asia, the Nikkei (+0.1%) was up marginally bu the Shanghai Composite (-1.7%) and Hang Seng (-1.2%) took heavy losses.

9. There is a stack of interesting earnings out today. Adobe, FedEx, and Rothschild all have earnings releases.

10. There is lots of data on the docket today. The highlight is industrial production month on month.