Stock market news: Opening bell, September 6, 2018

Vendor
Zhao Baoxin, 61, speaks during a street interview on U.S.-China
trade war at his shop in Beijing, China.
Reuters/Jason Lee

Here is what you need to know. 

It’s probably the most important moment yet in Trump’s trade war
with China. Thursday marks the end of a
consultation period on the imposition of a new round of US
tariffs on China, which, if enacted, would be set at 25% and
impact $200 billion of Chinese goods.

JPMorgan has established a blueprint for the next big market
crash. JPMorgan’s global head of quantitative
and derivatives strategy, Marko Kolanovic, lays out his template
for the next big market crash, and says it could cause the worst
social tensions since 1968.

Merrill Lynch says you should buy 2 stock markets to make a
killing from the US’s historic
outperformance. Niladri Mukherjee, the head of
CIO portfolio strategy at Merrill Lynch, told Business Insider
about two markets outside the US that firm’s bullish on long
term.

The crypto sell-off continues. Ethereum has
been hit the hardest during the two-day sell-off, shedding 20% of
its value to trade at its lowest level in over a year.

Citigroup is expected to announce an overhaul of its investment
bank. Citi’s new-look investment bank will be
co-headed by Tyler Dickson, currently the global head of capital
markets origination, and Manolo Falco, the head of Citi’s
corporate and investment bank in Europe, the Middle East, and
Africa, Business Insider’s Alex Morrell and Dakin Campbell
report, citing people familiar with the matter. 

Elon Musk reportedly lawyers up amid SEC
investigation. Tesla’s CEO has hired two
lawyers as the US Securities and Exchange Commission reportedly
investigates his tweets about trying to take the electric-car
maker private, Fox Business says. 

JD.com is reeling in the wake of sexual-misconduct allegations
against its CEO. Shares of the Chinese
e-commerce giant have slumped 16% in the two trading days since
CEO Liu Qiangdong was arrested in Minneapolis, Minnesota on
rape allegations. JD.com says he has been falsely accused. 

Stock markets
around the world are mixed. Hong Kong’s Hang
Seng (-0.99%) led the losses in Asia and France’s CAC (+0.27%) is
out front in Europe. The S&P 500 is set to open little
changed near 2,890.

Earnings reports trickle out. Dell Technologies
reports ahead of the opening bell while Broadcom and GameStop
release their results after markets close.

US economic is heavy. ADP Employment Change
will be released at 8:15 a.m. ET before intial claims cross the
wires at 8:30 a.m. ET. Then, at 9:45 a.m. ET, Market Services PMI
is due out. Data concludes at 10 a.m. with ISM non-manufacturing,
factory orders, and durable goods orders. The US 10-year yield is
down 1 basis point at 2.89%.