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

Reuters/David Mercado

Here is what you need to know.

The 10-year crosses 3.10%. The US 10-year yield hit a high of 3.102% Thursday morning, its highest in seven years.

Oil briefly tops $80 for the first time since 2014. Brent crude oil, the international benchmark, touched a high of $80.18 a barrel Thursday morning, making for its highest print since late 2014.

Italy is close to finally getting a government — but it could threaten the very existence of the eurozone. Italy looks set to finally get a government, led by a coalition of two Eurosceptic populist parties, the Five Star Movement and the Northern League.

Japan is reportedly considering retaliatory tariffs against the US. Japan — the only major US ally not to receive exemption from President Donald Trump’s tariffs — is considering retaliatory tariffs equal in value to those imposed by the US, Reuters says, citing public broadcaster NHK.

The SEC created a satirical cryptocurrency site to warn investors about ICO scams. HoweyCoin, a satirical initial coin offering website made by the the US’s top securities regulator, is a warning against scams.

America’s biggest companies keep sounding the alarm on an overlooked fear that could crush profits. Companies in the S&P 500 raised similar concerns over a major market headwind during first-quarter earnings calls.