1. Dow set to open higher after another record close
Traders work on the floor of the New York Stock Exchange (NYSE) on November 04, 2019 in New York City.
Spencer Platt | Getty Images
2. CBS beats on earnings but misses on revenue
CBS logo seen at the CBS Television City Studio in Los Angeles, California.
SOPA Images | LightRocket | Getty Images
Corporate earnings continue to flow Tuesday, with CBS highlighting the before-the-bell releases. The media giant reported an adjusted third-quarter profit of 95 cents per share on nearly $3.3 billion, beating on the bottom line but missing estimates on the top line. On Tuesday afternoon, SmileDirectClub — one of this year's worst performing IPOs — and one-time cannabis high-flyer Tilray are out with quarterly results after the bell. Some Wall Street analysts believe that generally weaker earnings in 2019 are paving the way for a solid 2020 profit picture and a boost to stocks.
3. Disney+ streaming service launches
"Monsters, Inc." is getting a new show on Disney+ called "Monsters at Work," which explores the transition from scream to laugh power in Monstropolis.
Disney
Walt Disney launches its new Disney+ video streaming service Tuesday, with a deep content library, ranging from animated classics and Disney Channel TV shows to superhero blockbusters and intergalactic sagas. Much of Disney's streaming strategy is predicated on stirring up sentimentality around movies and shows that date back to the founding of the company nearly 100 years ago. Disney+ joins a crowded streaming field dominated by Netflix, Amazon and Hulu and newcomers Apple TV+, AT&T's HBO Max and early next year Comcast's Peacock.
4. Goldman looks to adjust Apple Card process
Source: Apple
Goldman Sachs denied allegations of gender bias, saying it will reevaluate credit limits for Apple Card users on a case-by-case basis for customers who received lower credit lines than expected. The controversy surfaced Friday, when a tech entrepreneur wrote a series of tweets complaining that he got a credit limit 20 times higher than his wife, despite the couple filing tax returns jointly. Goldman is also looking into ways that family members can share a single Apple Card account. In most cases, the issue stems from the Apple Card being only for individual accounts, not joint accounts shared by a household, the bank said.
5. Supreme Court hears Trump's case to end DACA
Pro-immigration activists gather in front of the U.S. Supreme Court on April 18, 2016 in Washington, DC.
Alex Wong | Getty Images
The Supreme Court is set to hear arguments Tuesday over the legality of Trump's effort to rescind the Obama-era Deferred Action for Childhood Arrivals program that protects "dreamers" from deportation. DACA, as it's also known, shields about 660,000 immigrants who entered the U.S. illegally as kids. The Trump administration has argued that former President Barack Obama exceeded his constitutional powers when he bypassed Congress and created DACA by executive action. Trump has made his hardline immigration policies a centerpiece of his presidency and 2020 re-election campaign.
CNBC's before the bell news roundup
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— Reuters contributed to this report.
https://www.cnbc.com/2019/11/12/5-things-to-know-before-the-stock-market-opens-november-12-2019.html
2019-11-12 13:05:00Z
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