Opening Bell, September 10, 2018

Getty / Drew Angerer

Here is what you need to know.

Alibaba’s Jack Ma says he’ll step
down as chairman in September 2019. In accordance
with succession plans previously announced by the company, Ma
will be succeeded by Daniel Zhang, the company’s CEO.

Volvo has postponed its
planned initial public offering. The decision comes
amid uncertainty surrounding President Donald Trump’s trade war,
as the Chinese auto giant Geely owns Volvo.

CBS CEO Les Moonves has
officially left the company. A new report from The
New Yorker on Sunday detailed accusations of sexual harassment
and assault from six additional women against Moonves.

Snap’s chief strategy officer,
Imran Khan, is leaving after three years with the
company. His final day on the job has not been set,
and he will help “assist with an effective transition of his
duties and responsibilities,” Snap said.

A large hurricane is barreling
down on the East Coast. It is expected to hit the
Carolinas on Thursday morning and move further inland. The
National Hurricane Center warned that it would most likely bring
devastating storms and floods to those regions.

The world’s biggest stock bear
warns of a recent shift that signals the next big crash is
near. John Hussman, a former economics professor
who’s now the president of the Hussman Investment Trust, provides
the latest update to his long-running bear thesis.

Investors betting against
JD.com made $153 million after the company’s CEO was accused of
sexual misconduct. Shares fell 14% last week after
Liu Qiangdong was detained in the US over Labor Day weekend.

Brexit stockpiling could make a
mini recession next year ‘almost inevitable’ for the
UK. This would cause a short-term boost to UK
gross-domestic-product growth, but it would be reversed after
Brexit as businesses run down their inventories.

Stock markets around the world
trade mixed. The Shanghai Composite (-1.2%) declined
in Asia, while Germany’s DAX (+0.4%) led gains across Europe. The
S&P 500 is set to open up 0.4% near 2,886.