10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, CGC, TWLO, MSFT)

The US budget deficit balloons. The deficit jumped 17% to $779 billion in fiscal year 2018, according to the Treasury Department. It was the largest deficit since 2012.

Chinese inflation surged to its highest level in months. Consumer prices in China grew at a 2.5% year-over-year clip, the fastest since February, data released Tuesday by the National Bureau of Statistics showed.

A $150 billion investment chief breaks down a ticking time bomb in markets that traders are foolishly ignoring. Brad McMillan — the chief investment officer of the $150 billion Commonwealth Financial Network explains why he is worried about the number of US companies whose credit ratings are sitting dangerously close to junk levels.

America's biggest companies have larger worries than Trump's tariffs. Third-quarter earnings season is here and America's biggest companies that have already reported are most concerned about FX headwinds impacting their results.

Microsoft cofounder Paul Allen is dead at 65. Allen, a philanthropist who owned the Seattle Seahawks and Portland Trail Blazers, died after a battle with non-Hodgkin's lymphoma.

Twilio is spending $2 billion to buy one of its publicly traded partners. The maker of communication tools for websites has agreed to pay $2 billion — a 40% premium to Monday's closing value — for the email-marketing platform SendGrid.

Canopy Growth spikes to a record high as Canada gets ready to legalize weed. The Canadian cannabis producer soared more than 14% Monday — to as high as $57 a share — two days before Canada is set to legalize marijuana.

Stock markets around the world are gaining ground. Japan's Nikkei (+1.29%) was out front in Asia and Germany's DAX (+0.25%) leads in Europe. The S&P 500 is set to open up 0.18% near 2,756.

Earnings reporting picks up. Domino's Pizza, Goldman Sachs, Johnson & Johnson, and Morgan Stanley report ahead of the opening bell while IBM and Netflix release their quarterly results after markets close.

US economic flows. Industrial production and capacity utilization will be released at 9:15 a.m. ET before the NAHB Housing Market Index and JOLTS Job Openings cross the wires at 10 a.m. ET. The US 10-year yield is up 2 basis points at 3.17%.

10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, CGC, TWLO, MSFT)

JOIN OUR PULSE COMMUNITY!