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Trump and Trade, Disney, CBS, Tilray - 5 Things You Must Know Tuesday

The Street logo The Street 11/12/2019 Joseph Woelfel
a large stone building: Trump and Trade, Disney, CBS, Tilray - 5 Things You Must Know Tuesday © TheStreet Trump and Trade, Disney, CBS, Tilray - 5 Things You Must Know Tuesday

Here are five things you must know for Tuesday, Nov. 12:

1. -- Stock Futures Rise Slightly Ahead of Trump Trade Speech

U.S. stock futures rose slightly Tuesday as investors awaited a speech from Donald Trump in which he is likely to discuss trade talks between the United States and China and a long-simmering dispute with the European Union over auto tariffs.

Trump will address the Economic Club of New York in Manhattan amid speculation he could signal a willingness to roll back tariffs on China-made goods and possibly announce a delay on proposed levies on European-made cars for another six months.

White House spokesman Judd Deere, however, would only say that investors can "expect the president to highlight how his policies of lower taxes, deregulation, and fair and reciprocal trade have supported the longest economic recovery in U.S. history with record low unemployment, rising wages, and soaring consumer confidence."

Trade unquestionably remains the biggest concern for investors, and any suggestion that tariffs could be lifted or delayed could help stocks reach fresh all-time highs between now and the end of the year.

Contracts tied to the Dow Jones Industrial Average rose 24 points, futures for the S&P 500 gained 3.10 points, and Nasdaq futures were up 14.50 points.

Stocks finished mixed Monday over concerns about a U.S.-China trade agreement but the Dow Jones Industrial Average managed to rise 0.04% to close at an all-time high of 27,691.

2. -- Donald Trump Speech, CBS Earnings are Tuesday Highlights

The economic calendar in the U.S. Tuesday includes a speech at 12 p.m. ET from Donald Trump at the Economic Club of New York. The event will be live streamed from the Facebook page of the club.

Philadelphia Federal Reserve Bank President Patrick Harker is scheduled to speak about "What's Next for the U.S. Economy and the Fed?" at the Society for Advancing Business Editing and Writing Fall Conference in New York at 1 p.m.

Earnings reports are expected Tuesday from CBS , D.R. Horton , Tilray , Tyson Foods , Overstock.com , Skyworks Solutions and Edgewell Personal Care .

3. -- Disney's New Subscription Service, Disney+, Launches Tuesday

Walt Disney's long-awaited streaming service, Disney+, goes live Tuesday on a multitude of devices and platforms, potentially giving the media giant a head start in amassing millions of subscribers out of the gate.

The media giant is aiming for between 60 and 90 million global subscribers by 2024, and distribution deals will play a key role in that goal. Last week, Disney announced that it reached a distribution deal with Amazon.com that will place the Disney+ app on Amazon Fire TVs.

Roku , Samsung , Alphabet's Chromecast and Google TV, Apple TV, Sony's Playstation and Microsoft's Xbox will also carry Disney+.

"Launch big and scale fast" is how Disney plans to attack the streaming market, CEO Bob Iger told investors on a conference call last week following the company's fiscal fourth-quarter results.

Disney+ will cost $6.99 a month. Netflix's most popular plan costs $12.99 a month.

Disney is a holding in Jim Cramer'sAction Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells DIS? Learn more now.

4. -- Burger King Introduces Plant-Based 'Rebel Whopper' in Europe

Burger King, a unit of Restaurant Brands International , will introduce a plant-based burger at 2,400 restaurants across Europe on Tuesday.

A Dutch company, the Vegetarian Butcher, will supply the new soy-based Rebel Whopper.

In the United States, Burger King sells the Impossible Whopper. But the burger from Impossible Foods hasn't been approved for sale in the European Union because it contains genetically modified ingredients, according to the Associated Press. The EU requires testing on such products before they are sold.

The Vegetarian Butcher makes plant-based chicken, hot dogs, sausages and tuna, and sells its products in 17 European countries. Unilever acquired The Vegetarian Butcher at the end of 2018.

5. -- Craft Brew Alliance Soars on Anheuser-Busch InBev's Buyout Plan

Craft Brew Alliance jumped 120.74% to $16.18 in premarket trading Tuesday after Anheuser-Busch InBev agreed to buy the remaining 70% of the company it doesn't already own for $16.50 each.

Craft Brew Alliance operates a variety of beer brands including Kona Brewing Company, Appalachian Mountain Brewery, Cisco Brewers, and Redhook Brewery. The stock closed Monday at $7.33.

The deal is expected to close next year.

This article was originally published by TheStreet.

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