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10 things you need to know before the opening bell

Published by Business Insider on Tue, 23 Jan 2018


Here is what you need to know.Netflixblew past subscriber growth targets in Q4, and the stock is soaring to record highs.The company gained 8.3 million subscribers globally, which made Q4 "the highest quarter in our history," it said in its letter to shareholders.Alaskans evacuate after 7.9-magnitude earthquake prompts widespread tsunami alert.Deep-sea buoys measured a spike in sea levels equivalent to a 10m wave, and people in coastal Alaska were warned to flee infland or to high ground.Forget tax cutsthere's another clear reason stocks look unstoppable. Credit Suisse says that if tax reform was causing equity strength, the best-performing areas would look different than they do now. The firm argues that good old-fashioned earnings growth and economic expansion are driving record gains.Elon Musk's pay at Tesla will now have nothing to do with making cars. The CEO will now be paid nothing unless he increases his company's market capitalization and the shareholders do very well.JPMorgan Chase is raising wages to as much as $18 an hour. The firm is giving pay raises to 22,000 US employees who work in its branches and customer service centers as part of a $20 billion investmentThe City of London thinks Macron has it wrong on Brexit.A lobby group representing Britain's financial services disputed Emmanuel Macron's claim that the UK must choose between full membership of Europe's single market and a Canada-style trade deal.A South Korean regulator sold his crypto holdings 2 days before new rules were announcedand people are furious. According to the Yonhap news agency, Prime Minister Lee Nak-yon told his cabinet on Tuesday to create a new code of conduct in the wake of the incident.Stock markets around the world are stronger. China's Shanghai Composite (+1.29%) increased, while Germany's DAX (+0.58%) rose. The S&P 500 is set to open down less than 0.1% near 2,834.75.Earnings reports continue to be released. Johnson & Johnson, Procter & Gamble, and Verizonare set to report before the market open, while Texas Instruments and United Continental will release results after the market close.US economic data reports are light. The Richmond Fed manufacturing index is due at 10 a.m. ET. The US 10-year yield is up 3 basis points at 2.67%.SEE ALSO:Forget tax cuts ' there's another clear reason stocks look unstoppableJoin the conversation about this storyNOW WATCH: Here's how easy it is for the US president to launch a nuclear weapon
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