Markets poised for pause ahead of key economic reports


After yet another record close for the Dow and gains for the major averages, futures are pointing to little change at Wall Street's Tuesday open. The Dow is clearly the star of the major averages in recent weeks, up a little over 10 percent for 2016. (CNBC)

Also hot: the Dow Transports, now up for four-straight sessions and up 42 percent from the 2016 low on Jan. 20. (CNBC)

At 8:30 a.m. ET, the government issues data on the October trade deficit and revised third quarter productivity. Forecasts call for a trade deficit of $42.1 billion, up from September's $36.4 billion gap, and an annual productivity rate increase of 3.3 percent. (CNBC)

Amazon.com (AMZN) is reportedly looking into various formats for brick-and-mortar food stores. The news follows Amazon's unveiling of its "Amazon GO" store, which features no cash registers, no lines and a "grab-and-go" method of shopping (WSJ).

Oil prices dipped today as a rise in output across major export regions sparked concerns that the two-year fuel glut would continue into 2017. (Reuters)

Website domain name provider GoDaddy announced plans today to buy a European competitor, Host Euro Group, for $1.82 billion. (CNBC)

Lego's longtime CEO, Jorgen Vig Knudstorp, will step down by year-end to head a new section of the company, the Danish toymaker announced today. He will be replaced by Lego's chief operating officer. (CNBC)

Toyota announced plans today to expand development of its gasoline-hybrid technology over the next five years in response to more stringent global emission standards. (Reuters)

McDonald's (MCD) plans to keep a minority stake in its China and Hong Kong stores after it sells them, sources told Reuters. The restaurant chain seeks to raise up to $2 billion in the transaction. (Reuters)

Embattled blood-testing start-up Theranos predicted its 2016 revenue would be nearly $2 billion, with net revenue totaling $505 million, when it approached investors for funding in 2014 and 2015. (WSJ)

In an interview with a small group of reporters on Monday, Vice President Joe Biden said he might run for president in 2020. He will be 77 years old on Election Day that year. (CNBC)

Trump's "Thank You Tour" will stop in Fayetteville, North Carolina, today, a day after the president-elect met with former Vice President Al Gore and tapped Ben Carson to be secretary of Housing and Urban Development. (NY Times)

In an exclusive interview, United Technologies CEO Greg Hayes told CNBC's Jim Cramer there was no "quid pro quo" in the decision to keep an Carrier facility in Indiana open instead of moving it to Mexico, a move that came under fire by President-elect Trump. (CNBC)


The October factory orders report is issued at 10 a.m. ET. It's expected to come in 2.7 percent higher, compared with September's 0.3 percent increase.

Auto parts retailer AutoZone (AZO) is among the few companies set to report quarterly earnings this morning, while Dave & Buster's Entertainment (PLAY) is on a short last of after-the-bell releases.


AstraZeneca (AZN) reported upbeat results for its Tagrisso lung cancer drug in a trial, saying it improved progression-free survival by nearly six months.

Ford Motor (F) will raise $2.8 billion in new long-term financing, its first foray into the debt market in nearly four years. The company plans to use the proceeds to fund investment in new automotive technologies.

Apple (AAPL) CEO Tim Cook told Reuters that Apple Watch sales to consumers set a record during the first week of holiday sales.

Toll Brothers (TOL) reported adjusted quarterly profit of $1.15 per share, 16 cents above estimates. Revenue also beat forecasts, with the homebuilder's results improved by higher sales and average selling prices.

Aetna (AET) reportedly plans to ask for a trial to save its proposed deal to buy Humana (HUM) if its current court case fails to turn back a Justice Department injunction. The New York Post said the company feels that a Justice Department under Trump would be friendlier to business and might be willing to settle.

Sanofi (SNY) is considering a bid for Swiss biotech firm Actelion, according to Bloomberg. Johnson & Johnson (JNJ) has been trying to buy Actelion and had reportedly raised its latest bid to more than $250 per share.


Uber will be creating a division to develop technology to teach computers to think like humans, as the ride-hailing giant gears up to make a serious push into artificial intelligence. This follows Uber's acquisition of Geometric Intelligence, an AI start-up. (WSJ)

Nominations for the 59th Grammy Awards, the top honors in music, will be announced at 8:30 a.m. ET today. Artists compete in 84 categories. (Yahoo)