10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, DIS, FOXA, HD) - Foenaija - Home

10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, DIS, FOXA, HD)

- 1:07 pm
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Kim Jong UnReuters/KCNA

Here is what you need to know. 

Disney is reportedly nearing a deal to buy 21st Century Fox's TV businessDisney and 21st Century Fox are closing in on a deal that could come as quickly as next week, which would involve Disney acquiring Fox's studio and television production assets — a portion of the business that has an enterprise value of more than $60 billion, CNBC's sources say.

Xiaomi is looking for a bank to help launch what could be the world's largest tech IPOThe Chinese smartphone maker will receive bank pitches next Friday for what is likely to be the world's largest tech initial public offering ever. Xiaomi was valued at $46 billion in 2014.

Home Depot is buying back a bunch of stockThe home-improvement chain announced a $15 billion share buy back program and said it's targeting annual sales of between $114.7 billion and $119.8 billion by the year ending January 2021, Reuters reports.

Bitcoin blows past $12,000 and is getting close to $13,000The cryptocurrency trades up 8.93%, or $1,047, at 12,776 a coin, according to Markets Insider data. 

A hedge fund star who retired at 41 is eyeing a comebackGreg Coffey, who previously ran emerging market funds at GLG Partners and Moore Capital, is considering launching a new fund with James Saltissi, people familiar with the matter told Business Insider.

Australian GDP missesAustralia's economy grew at a seasonally adjusted 0.6% in the third quarter, according  to the Australian Bureau of Statistics, missing the 0.7% growth that economists were expecting. 

India's central bank holdsThe Reserve Bank of India kept its key interest rate at 6.00% and said it sees recent reforms boosting growth.

Stock markets around the world are lowerHong Kong's Hang Seng (-2.14%) was hit hard in Asia and Germany's DAX (-0.98%) trails in Europe. The S&P 500 is set to open down 0.20% near 2,623.

Earnings reports keep comingAmerican Eagle Outfitters reports ahead of the opening bell while Broadcom and Lululemon release their quarterly results after markets close.

US economic data is lightADP Employment Change will be released at 8:15 a.m. ET and productivity will cross the wires at 8:30 a.m. ET. The US 10-year yield is down 1 basis point at 2.34%.