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



first Dow to open slightly higher when Coca-Cola and American Express report revenue

People walking along Wall Street in the Financial District of Manhattan on 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, and reported earnings before the clock. Coca-Cola financial results for the second quarter matched estimates. Revenue Impact. Several international factors played out, including weak Chinese GDP growth, Saturday's British parliament vote on Brexit and battles between Turkish and Kurdish forces despite a US-brokered arms deal. The Dow Jones Industrial Average and S&P 500 were moderately higher Thursday, on track for a second straight positive week. The S&P 500 just missed its first end of the 3,000 since September 1

9, while the Dow just over 27,000.

2. China reports on the weakest GDP in decades when the trade war takes its toll

Employees work on production line for a robot vacuum cleaner factory in Matsutek, Shenzhen, China August 9, 2019.

Jason Lee | Reuters

China's latest reading of economic growth came at its weakest level in 27½ years as the Beijing-Washington trade war continued to charge. China's gross domestic product grew by 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 track police movements from the App Store.

3rd The EU hits a Brexit deal, but also faces new US tariffs

UK Prime Minister 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 UK and the European Union signed a long-awaited Brexit agreement. British Prime Minister Boris Johnson must now convince British lawmakers to support his agreement before what is expected to be a close vote on Saturday. At midnight, notwithstanding the retaliation threat, the US imposed $ 7.5 billion in customs duties on EU goods, including targeted Airbus, Italian cheeses, French wines, Spanish olives and Scotch whiskey.

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

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

Michele Eve Sandberg | AFP | Getty Images

President Donald Trump will host the G-7 World Leader 2020 Summit at Trump National Doral Miami, a move that Democrats who led the impeachment investigation were quick to criticize as the president's self-management. Trump confirmed that Secretary of Energy Rick Perry will retire at the end of the year. In recent weeks, the former governor of Texas entangled in the democratically led impeachment probe into Trump's actions involving Ukraine.

5th Fight against outbreak in Kurdish city of Syria despite US-mediated weapons

A woman stands along the side of 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 province on October 16, 2019, with smoke smoke from tire fires billowing in the background to reduce the visibility of Turkish war plan included in the "Peace Spring" operation.

Delil Souleiman | AFP | Getty Images

Despite US-brokered weapons weapons coming into force overnight, fighting continued on Friday in a northeastern Syrian border town in the middle of the battle between Turkey and Kurdish forces. Trump presented the weapons agreement with Turkey as "a great day for civilization." Turkish troops and their allied Syrian fighters launched the offensive on October 9, two days after Trump suddenly announced that he was withdrawing US troops from the border area.

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– The Associated Press contributed to this report.


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