5 Things to Know Before the Stock Market Opens

President-elect Donald Trump says he would enact a 25% tariff connected products from Mexico and Canada connected his first time successful office, arsenic good arsenic 10% tariffs connected Chinese-made products; U.S. banal futures are small changed arsenic investors digest nan tariffs vow; Kohl's (KSS) banal is sinking connected anemic results and news its CEO will beryllium stepping down; Zoom Communications (ZM) shares are down contempt better-than-expected quarterly results; and Intel (INTC) receives astir $7.9 cardinal successful CHIPS Act backing but Qualcomm reportedly has cooled connected nan thought of acquiring nan chipmaker. Here's what investors request to cognize today.

1. Trump Vows Tariffs connected Mexico, Canada, China

President-elect Donald Trump said he would enforce tariffs connected products coming into nan state from Mexico, Canada, and China, reflecting his volition to fulfill a campaign promise. In a station connected his Truth societal media site, Trump said connected Jan. 20, 2025, nan first time of his presidency, he would motion an executive bid to enforce a 25% tariff connected each products coming into nan U.S. from Mexico and Canada, citing precocious levels of forbidden migration and supplier trafficking. In a abstracted post, he said he would enact a 10% tariff connected Chinese-made goods, but did not specify a timeline for implementing that levy connected imports.

2. US Stock Futures Little Changed connected Trump Tariffs Proposal

U.S. banal futures are small changed arsenic investors digest imaginable economical changes that could travel from Trump's announcement connected tariffs, which immoderate believe could thief summation inflation. The level early capacity follows a convention wherever markets continued their post-election rally, including a record-high adjacent for nan Dow Jones Industrial Average, whose futures are ticking lower. Futures for nan Nasdaq and S&P 500 are up astir 0.3% each. Yields connected nan 10-year Treasury note are small changed, remaining beneath nan 4.3% level. Bitcoin (BTCUSD) is down much than 1%, trading astir nan $92,000 value level aft stepping backmost from recent highs.

3. Kohl's Stock Sinks After Weak Results, CEO Departure News

Kohl's (KSS) banal is plummeting 16% successful premarket trading aft it reported weaker-than-expected third-quarter net Tuesday, nan time aft it announced that Chief Executive Officer (CEO) Tom Kingsbury would stepping down aft little than 2 years moving nan struggling retailer. Kingsbury, who was named CEO successful February 2023, will time off his station connected Jan. 15 and beryllium replaced by Ashley Buchanan, CEO of The Michaels Companies. The section shop concatenation reported profit of $22 cardinal connected gross of $3.51 billion, while analysts polled by Visible Alpha were looking for $29.8 cardinal and $3.85 billion, respectively.

4. Zoom Stock Sinks; Company Removes 'Video' From Name

Zoom Communications (ZM) banal is sinking 9% successful premarket trading moreover though nan distant video connection institution posted better-than-expected results for nan 3rd quarter. The institution reported year-over-year gross maturation of 4% to $1.18 billion, supra Visible Alpha consensus, while its nett income of $207.1 cardinal aliases 66 cents per stock besides topped estimates. Zoom raised its full-year outlook for gross and adjusted earnings per stock (EPS), and besides reported adding caller customers. It besides announced its sanction has changed to Zoom Communications from Zoom Video Communications arsenic it focuses much connected artificial intelligence (AI).

5. Intel Gets Nearly $7.9 Billion successful CHIPS Act Funding; Qualcomm Reportedly Cools connected Takeover

Intel (INTC) announced it would person astir $7.9 cardinal successful authorities backing arsenic portion of a assistance from the CHIPS and Science Act. The assistance is little than nan magnitude revealed successful a March announcement, but nan institution besides is receiving $3 cardinal successful Defense Department backing to amended microchip production. Meanwhile, Bloomberg reported that executives astatine Qualcomm (QCOM) are cooling connected nan thought of mounting a takeover bid of Intel. Shares of Intel are small changed successful premarket trading.