10 things you need to know before the opening bell

10 things you need to know before the opening bell

Opening Bell, June 24, 2020



Here's what you need to know before markets open.

1. Global stocks plunge as investors weigh report on US considering new tariffs on the EU and UK. Washington's new threat is "not the kind of thing investors want to hear as they fret over the threat of a covid-19 second wave," an analyst said.

2. The US could slam tariffs on $3.1 billion of European goods, with products like olives, beer, gin, and planes on the list. A Tuesday notice by the US Trade Representative said it may levy tariffs on products such as airplanes, yoghurt, beer, to name a few.

3. 'It's not healthy to have people buying stocks for fun': Billionaire investor Howard Marks warns the day-trading boom reminds him of the dot-com bubble. "If stocks are being held by people who believe that they only go up, I think that bodes ill," the Oaktree Capital boss said.

4. 'In a COVID era everything unfolds at warp speed': Yale economist Roach warns the dollar could dive 35% against rival currencies. Stephen Roach said in an interview with MarketWatch: "I do think it's something that happens sooner rather than later."

5. 'Their money couldn't buy a movement': Alexandria