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Dow is set to plummet triple digits at the open after Tuesday's crazy market swings

BY THE NUMBERS

Futures were sharply lower this morning, after a day that saw the Dow trade in a more than 1,000-point range and ended with a 567-point gain. Tuesday marked the first time in history that the Dow was both up 500 and down 500 points in the same trading session. (CNBC)

* Mark Cuban shares what he'd buy during a market sell-off (CNBC)
* Why this week's market volatility may mean big moves ahead (CNBC)
* Era of Calm Ends as Volatility Returns to Markets (WSJ)

Dow component Disney (DIS) shares were higher premarket after it beat estimates by 28 cents with adjusted quarterly profit of $1.89 per share. It saw declines at its broadcast and cable television units, although that was offset by stronger theme park attendance. (CNBC)

Earnings reports this morning include Cognizant Technology (CTSH), Hasbro (HAS), Humana (HUM) and Michael Kors (KORS). 21st Century Fox (FOXA) and Tesla (TSLA) are among the notable companies out with quarterly numbers after today's closing bell. (CNBC)

Dallas Fed President Rob Kaplan, New York Fed President William Dudley, Chicago Fed President Charles Evans, and San Francisco Fed President John Williams will make public appearances today. Dudley and Williams are voting members of the FOMC for 2018. (CNBC)

The economic calendar is light today. The Mortgage Bankers Association will release its weekly report on mortgage applications at 7 a.m. ET, while the Energy Department is out with its usual Wednesday assessment of oil and gasoline inventories at 10:30 a.m. (CNBC)

IN THE NEWS TODAY

Wynn Resorts (WYNN) CEO Steve Wynn resigned amid allegations of sexual misconduct, claims that Wynn has denied. The casino and hotel operator's president, Matt Maddox, was appointed CEO effective immediately. Wynn stock was highe in premarket. (CNBC)

House GOP has passed a short-term spending bill that boosts defense spending for the rest of the year. The legislation, however, is likely doomed in the Senate, where lawmakers are negotiating a different spending plan. (CNBC)

* House Democrats relocate retreat as budget talks continue (Politico)

The Pentagon is reportedly moving ahead on a plan for a "grand military parade" later this year at President Trump's request. The parade could run in the millions given the cost of shipping tanks and other hardware to Washington. (Washington Post)

Vice President Mike Pence said the administration would soon announce tough sanctions to persuade North Korea to abandon its nuclear and missile program. He called the North the planet's "most tyrannical and oppressive regime." (Reuters)

Former Vice President Joe Biden told CNN that President Donald Trump's attacks on the FBI are doing "everything" Russian President Vladimir Putin "ever wanted." Trump accused the FBI and the Justice Department of anti-Republican bias.

* Trump treason remarks were 'tongue-in-cheek': White House (CNBC)

At least five people are dead and 60 others are missing after a strong earthquake in the popular Taiwanese tourist city Hualien caused buildings to collapse last night. The quake injured 243 people and collapsed four buildings, officials said. (Reuters)

SpaceX successfully completed its first launch of Elon Musk's Falcon Heavy commercial rocket from NASA's Kennedy Space Center in Florida. Musk told reporters after the launch he was having difficulty comprehending the magnitute of the flight. (CNBC)

Comedian Jim Carrey is quitting Facebook (FB) and dumping his stock. He is urging everyone else to do the same. The comedian tweeted he was selling his shares because the company profited from Russian interference during the 2016 U.S. election. (CNBC)

STOCKS TO WATCH

Lululemon (LULU) Chief Executive Officer Laurent Potdevin resigned from that job earlier this week in part because of his multi-year relationship with a female designer at the company, according to sources who spoke to CNBC.

Supervalu (SVU) is being pushed by activist investor Blackwells Capital to explore options including a breakup and potential sale, according to a letter to the supermarket operator's board seen by the Wall Street Journal.

Chipotle Mexican Grill (CMG) came in two cents above estimates with adjusted quarterly profit of $1.34 per share, with the restaurant chain's revenue matching forecasts. However, comparable restaurant sales rose less than expected, and Chipotle said the number of visitors to its restaurants would keep declining through the middle of this year.

Snap (SNAP) reported a quarterly loss of 13 cents per share, smaller than the 16 cent loss that Wall Street analysts had anticipated. The Snapchat parent saw revenue comfortably beat forecasts, with active daily users increasing by 8.9 million to 187 million during the quarter.

WATERCOOLER

The creators of the TV series Game of Thrones, David Benioff and DB Weiss, will begin working on Disney's (DIS) Star Wars when their show ends in 2019. The story will apparently be separate from the current trilogy in the works. (BBC)