10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, AMD, TSLA, GOOGL, EFX)

Here is what you need to know. Sign up here to get "10 Things" delivered directly to your inbox.The Fed will start to unwind its financial-crisis measures in October.The Fed will begin the process of unwinding its $4.5 trillion balance sheet in October by starting to not reinvestsome of its bonds as they maturethat way, they'll roll off its balance sheet.Rate hike odds are surging.The market sees a 60.5% chance the Fed hikes before the end of the year, Bloomberg data shows. That's up from about 20% just two weeks ago.China gets downgraded at S&P.The credit rating agency lowered China's rating one notch to A+, citing its rising debt load, South China Morning Post reports.The Bank of Japan keeps policy on hold.With an 8 to 1 vote, the central bankkept interest rates, asset purchases and its assessment on the Japanese economy unchanged from July.Warren Buffett says the Dow could hit 1,000,000 in 100 years.Speaking at an event celebrating Forbes' 100th anniversary, the legendary investor says that's not unreasonable considering the Dow was trading at 81 a hundred years back, Reuters reports. SPONSOR CONTENT BY NUCLEUS MARKETINGThink advertising needs to get real' Weve got news for you. Learn about the new platform with 147MM UVs in the brand-safe news environments you can trust at nucleusmarketing.com.Google signs a cooperation agreement withHTC."With this agreement, a team of HTC talent will join Google as part of the hardware organization,"Googlehardware exec Rick Osterloh said in a statement.Tesla andAMD are reportedlyteaming up.The two sides are reportedly joining forces to make chips for self-driving cars, CNBC said, citing a source familiar with the matter.Equifax mistakenly sent consumers worries about its data breach to a spoof site. Equifaxmistakenly sent consumers to a fake phishing site that was designed to show how easy it was to spoof the webpage the credit-reporting agency created to inform consumers about its recent massive security breach, the Verge reports.Stock markets around the world trade mixed.China's Shanghai Composite (+0.27%) led the gains in Asia and France's CAC (-0.22%) trails in Europe. The S&P 500 is set to open little changed near 2,506.US economic data flows.Initial claims and the Philly Fed will both be released at 8:30 a.m. ET and FHFA home prices will cross the wires at 9 a.m. ET. The US 10-year yield is unchanged at 2.26%.Join the conversation about this story
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