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Home / Business / 5 Things To Know Before The Stock Market Opens October 18, 2019

5 Things To Know Before The Stock Market Opens October 18, 2019



1. Dow to open slightly higher when Coca-Cola and American Express report on earnings

People who walked along Wall Street in the Financial District of Manhattan September 3, 2019 in New York City.

Spencer Platt | Getty Images News | Getty Images

U.S. stock futures pointed to a mixed Friday opening on Wall Street – with two Dow shares, Coca-Cola and American Express, reporting earnings before the clock. Financial surpluses from Coca-Cola in the second quarter were in line with the projections. Revenue beat. Several international factors were at stake, including weak Chinese GDP growth, Saturday's British parliament vote on Brexit and fighting between Turkish and Kurdish forces despite a US-brokered ceasefire. The Dow Jones Industrial Average and S&P 500 were modestly higher Thursday, in line for another positive positive week. The S&P 500 only missed its first close of 3,000 since September 1

9, while the Dow was just over 27,000.

2. China reports weakest GDP in decades while trade war takes its toll

Employees working on production line of a robotic vacuum cleaner factory in Matsutek, Shenzhen, China August 9, 2019.

Jason Lee | Reuters

China's last reading of economic growth reached its weakest level in 27½ years as the Beijing-Washington trade war continued to take its toll. China's gross domestic product grew only 6% in the third quarter from a year ago. Apple CEO Tim Cook met the head of China's market regulator in Beijing, after the US tech giant last week removed an app that helped Hong Kong protesters from police movements from the App Store.

3. The EU signs a Brexit agreement, but also faces new US tariffs

Prime Minister of the United Kingdom (UK) Boris Johnson holds a press conference at the European Parliament on October 17, 2019 in Brussels, Belgium.

Jean Catuffe | Getty Images News | Getty Images

The United Kingdom and the European Union signed a long-awaited Brexit agreement. British Prime Minister Boris Johnson must now persuade British lawmakers to support his agreement, ahead of what is expected to be a close vote on Saturday. At midnight, without resisting retaliation threats, the United States imposed US $ 7.5 billion in tariffs on EU goods, including targeting Airbus, Italian cheeses, French wines, Spanish olives and Scotch whiskey.

4. Democrats see Trump's decision to keep G-7 in Doral as more impeachment fuel

View leading into Trump National Doral in Miami, Florida April 3, 2018.

Michele Eve Sandberg | AFP | Getty Images

President Donald Trump will host the 2020 G-7 Summit for world leaders at Trump National Doral Miami, a move that Democrats who led the inquiry were quick to criticize as the president's self-handling. Trump confirmed that Secretary of Energy Rick Perry will retire at the end of the year. Over the past few weeks, the former Texas governor was entangled in the Democrat-led reconciliation probe of Trump's actions involving Ukraine.

5. Combating outbreak in Kurdish Syrian city despite US-brokered ceasefire

A woman stands along a road on the outskirts of Tal Tamr near the Syrian Kurdish city of Ras al-Ain along the border with Turkey in northeastern Hassakeh the province on October 16, 2019, with the smoke chambers of cover fires waving in the background to reduce the visibility of Turkish warplanes that are part of the "Peace Spring" operation.

Delil Souleiman | AFP | Getty Images

Despite the U.S.-brokered ceasefire that went into effect overnight, fighting operations continued Friday in a northeastern Syrian border town at the center of the battle between Turkey and Kurdish forces. Trump framed the ceasefire agreement with Turkey as "a great day for civilization." Turkish troops and their allied Syrian fighter launches the offensive on October 9, two days after Trump suddenly announced that he would withdraw US troops from the border.

CNBC & # 39; s Clock News Update

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– The Associated Press contributed to this report.


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