Stock market news: Opening bell, September 21, 2018

Supporters
of President Donald Trump cheer as he speaks during a campaign
rally in Las Vegas.
AP/Evan
Vucci

Here is what you need to know. 

Uber is reportedly in early talks to buy Deliveroo.
The London-based food-delivery-startup Deliveroo would not
be interested in selling for any price that’s not “considerably
higher” than its current $2 billion valuation, Bloomberg says.

The brains behind a fund that’s crushing the market this year
share 3 stocks driving their outstanding
gains. Two of the fund managers
at Neuberger Berman’s Small Cap Growth Fund — which has
appreciated by 28% this year and is far outperforming its peers
— tell Business Insider about their strategy and some of
their top stock picks.

Goldman Sachs’ head of stock trading is
leaving. Goldman Sachs’ equities chief Paul
Russo is leaving the firm, a source familiar with the matter told
Business Insider, as incoming CEO David Solomon puts together his
leadership team.

Wells Fargo will cut as much as 10% of its
workforce. The third-biggest US bank says it
will cut as many as 26,500 jobs over the next three years. 

Eventbrite spikes 56% in its debut. The
ticketing and event-management company priced its initial public
offering at $23, and they ended Thursday’s session at
$36.29. 

The cannabis craze hits Australia. Shares of
the Melbourne-based medical-cannabis company Althea almost
tripled in their trading debut on Australia’s ASX. 

A bullet train is opening that will connect Hong Kong and
mainland China. The $11 billion project doesn’t
come without controversy as those passengers entering the station
in Hong Kong will have their documents stamped by Chinese
immigration officers, Reuters says.

The
10-year is nearing its highest level in over 7
years. The benchmark yield is up 1 basis point
at 3.08%. A move above 3.11% will have it at its highest level
since June 2011.

Stock markets
around the world are higher. China’s Shanghai
Composite (+2.5%) led the way higher in Asia and Britain’s FTSE
(+1%) is out front in Europe. The S&P 500 is set to open up
0.17% near 2,936.

US economic data flows. Markit services and
manufacturing PMIs will both be released at 9:45 a.m. ET.