Here is what you need to know.
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10 things you need to know today
This is what traders are talking about.
Trump goes to China. President Donald Trump kicked off his three-day visit to China by touring the Forbidden City, CNN says.
A Senate tax bill is in the works. The bill, which is expected to be announced Thursday, will be revenue neutral and not cause a large projected increase in the federal deficit, Senate Majority Leader Mitch McConnell told reporters on Tuesday.
China's trade surplus swells. China's trade surplus swelled to $38.17 billion in October as exports grew 6.9% in US dollar terms and imports jumped 17.2%.
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A bunch of Ethereum is locked up after someone deleted code in a cryptocurrency wallet. About $280 million worth of Ethereum is frozen after a user accidentally deleted the code library required to use Parity Technology's wallets, according to a critical security alert posted to the company's blog on Tuesday.
Snap flops with disastrous Q3 earnings. Snap's daily active users climbed 3% to 178 million and its revenue surged 62% to $207.9 million, but both numbers were well below estimates, sending shares down by about 17% after Tuesday's closing bell.
Tencent buys a stake in Snap. Tencent, a giant Chinese holding company, is reportedly taking a 10% stake in the social-media company, according to CNBC.
Bill Ackman says he lost the ADP proxy vote but still won. "So I got 31% support from shareholders out of the votes cast for my seat on the board, not including another 14% that were withheld from the guy I ran against," Ackman told Business Insider's Rachael Levy. "Because ISS, the proxy advisory firm, said, 'Support Bill by withholding votes from Eric Fast.' So looked at correctly, I got 45% support from shareholders for my candidacy in the board. It's not a win, but it's a major minority, or just shy of majority vote, for the board."
Stock markets around the world trade mixed. China's Shanghai Composite (+0.75%) outperformed in Asia, and France's CAC (-0.27%) trails in Europe. The S&P 500 is set to open little changed near 2,588.
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Earnings reports keep coming. MGM Resorts reports ahead of the opening bell, while 21st Century Fox and Hostess Brands release their quarterly results after markets close. The US 10-year yield is little changed near 2.31%.
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