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10 issues it’s worthwhile to know earlier than the opening bell

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This is what it’s worthwhile to know earlier than the markets open:

1. Stocks rally as traders shrug off the spread of a deadly virus from China to the US. “We’d argue the chance of an economy-crippling pandemic is an efficient sufficient motive to promote out,” one analyst mentioned.

2. ‘Big mistake’ — Trump blasts Fed for curbing growth and shackling stocks by hiking interest rates. The president mentioned the US economic system could be rising near 4% and the Dow Jones index may very well be greater than a 3rd greater if the central financial institution hadn’t raised charges.

3. Ray Dalio warns ‘cash is trash’ as Warren Buffett sits on $128 billion. The hedge-fund billionaire warned the worth of laborious forex could be eroded by a weaker greenback and rising cash provide, however Berkshire Hathaway’s boss has balked at sky-high inventory costs.

4. Jeff Bezos’ phone was reportedly hacked by the crown prince of Saudi Arabia, in a new twist to the saga of his dramatic divorce — here’s everything we know so far. The Guardian reported on Tuesday that the Amazon CEO’s telephone was hacked by Mohammed bin Salman in Might 2018 by way of a hyperlink in a WhatsApp message.

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5. ‘He does good at rockets’ — Trump showers Tesla CEO Elon Musk with strange praise at Davos. “I used to be nervous about him, as a result of he is one in every of our nice geniuses, and we now have to guard our genius,” Trump mentioned.

6. Here’s why China won’t overtake the US as the largest economy anytime soon. Capital Economics argued that productiveness development in China could be held again by structural issues.

7. Trump made some eyebrow-raising statements about the US economy in his big speech at Davos — here are the facts behind five bold claims. The president commented on matters together with the economic system, wealth inequality, historic black schools, and his latest commerce offers.

8. Stocks are rallying. Asian markets recovered with Hong Kong’s Hold Seng up 1.3%, whereas European equities had been combined with Germany’s DAX up 0.2% and Britain’s FTSE 100 down 0.2%. US shares are set to open greater with Nasdaq futures up 0.7%.

9. Key figures are coming out. Look out for retail, crude oil, and financial exercise knowledge.

10. It’s a big day for earnings. Johnson & Johnson and Texas Devices are among the many firms reporting full-year outcomes.

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