Here are the 7 events traders are focusing on today, according to Markets Insider.

1. A former Fed official believes the US economy needs more stimulus to prevent another recession.

2. Hertz is seeking a $1.5 billion bankruptcy loan.

3. Japanese prime minister Shinzo Abe is resigning.

4. Walmart tried to become TikTok's majority owner, but the Trump administration shut it down.

5. Global stocks are mixed.

6. Bank of China and Russia chemicals group Acron are reporting earnings.

7. Consumer spending data was released.

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