10 most important stories for investors Wednesday

Rig supervisor David Crow shows off the oil rig he manages for Elevation Resources at the Permian Basin drilling site in Andrews County, Texas, May 16, 2016.
Ann Saphir | Reuters

A daily morning look at the financial stories you need to know to start the day


-Stock futures are a bit down as investors start focusing heavily on Friday's September jobs report.

-The bond market is expecting a stronger jobs number as the yield on the 10-year Treasury is almost back up to 1.7%. But mortgage applications rose a strong 2.9% last week when 10-year yields were almost at 1.5%.


-US crude prices are up 1.5% at the $49/barrel level on reports of more draw downs in inventory. The official inventory report comes out at 10:30am Eastern.