7 things to know before the bell rings

1. Race for driverless cars: softbank ,SFTBF, And toyota ,TM, are forming a joint venture that will use driverless-car technology to provide new services, such as mobile convenience stores and delivery vehicles in which food is prepared on the go.

SoftBank will own more than half of Monet’s new business, while Toyota will own the rest.

This is the latest in a series of driverless development partnerships announced by tech companies and carmakers. SoftBank’s $100 billion Vision Fund, its tech-focused investment arm, has already pledged $2.3 billion to GM Cruise, the self-driving car unit of General Motors.

on wednesday, Honda ,HMC, And General Motors ,GM, He said they are working together to create a new generation of fully autonomous vehicles. BMW ,BMWWYY, Chinese internet firm has joined the board of autonomous driving project Apollo Baidu ,point,,

2. Facebook under scrutiny: The Irish Data Protection Commission has launched a formal investigation Facebook ,american plan, The hack affected more than 50 million accounts.

The Commission will investigate whether the company has complied with its obligations under new European data protection laws that came into force in May. Facebook said last week that it had closed the loophole, but 90 million users were forcibly logged out of their accounts as a precaution.

Irish regulators are investigating because Facebook’s international headquarters is in Dublin.

There are still many unanswered questions about the hack: Who carried it out? And who were they trying to reach?

3. Selling of bonds: The yield on 10-year US Treasuries rose to the highest level in seven years following the release of positive economic data.

US hiring data published on Wednesday was stronger than expected, and the momentum could continue on Thursday if initial claims numbers add to the optimism. The strong US economy and expectations of rate hikes by the Federal Reserve are fueling the trend.

“The underlying message is that the U.S. economy is not only in fine shape, it’s on fire,” said Kit Juckes, a strategist at Societe Generale.

4. CNN means business: On Thursday, CNNMoney became the brand-new CNN Business, covering the companies, personalities and innovations driving business forward.

This new initiative will focus on the biggest financial story of our generation: how technology is impacting every corner of the global economy, forcing businesses, workers and society to adapt rapidly, or be left behind. Used to be.

5. Global Market Overview: US stock futures were lower.

European markets fell in early trade after a negative trading session in Asia. The Shanghai Composite was closed for a holiday.

The Dow Jones Industrial Average closed 0.2% higher on Wednesday, while the S&P 500 gained 0.1% and the Nasdaq gained 0.3%.

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6. Earnings and Economics: Nakshatra Brand ,STZ, Will release earnings before the open. costco ,Cost, Set to follow after the finale.

shares in Danske Bank ,DNKEY, The Danish lender opened 3% lower after it said it had received a request for information from the US Justice Department in connection with its money laundering scandal.

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7. Coming this week:
Thursday , costco ,Cost, Earnings; cnn business launch
Friday – US jobs report

CNNMoney (London) First Published October 4, 2018: 5:07 AM ET