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10 things you need to know before the opening bell

The pound is under pressure, bitcoin is tumbling, and Warren Buffett loads up on bank stocks. Here's what traders are talking about.

British Prime Minister Theresa May in London on Wednesday.

Here is what you need to know.

The British pound is under pressure. The pound extended declines against the dollar, trading down 1.5%, after Theresa May's plan to leave the EU

Bitcoin tumbles to its lowest level in over a year. The world's largest cryptocurrency fell more than 13% Wednesday to as low as $5,3222 a coin.

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Levi's is reportedly planning to go public. The denim apparel maker aims to make its initial public offering in the first quarter of 2019 at a valuation of about $5 billion, according to CNBC.

US economic data is on deck. Initial jobless claims, retail sales, Empire State manufacturing, and the Philly Fed manufacturing survey all cross at 8:30 a.m. ET.

Earnings reporting continues. Ahead of the market open, Walmart reported better-than-expected profits but missed on revenue. Nordstrom, Nvidia, and Sonos report after the closing bell.

Stock futures are higher. Dow futures are up 102 points, or 0.4%, while S&P 500 futures are up 0.3%.

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