Here are five things you must know for Tuesday, April 16:
1. -- Stock Futures Rise as Focus Remains on Earnings
U.S. stock futures were higher Tuesday as Wall Street's focus will remain, at least in the short term, on corporate earnings reports.
Contracts tied to the Dow Jones Industrial Average rose 123 points, futures for the S&P 500 gained 9.50 points, and Nasdaq futures were up 32 points.
The economic calendar in the U.S. Tuesday includes Industrial Production for March at 9:15 a.m. ET, and the National Association of Home Builders' Housing Market Index for April at 10 a.m.
Asian shares finished Tuesday's session in the green as optimism remained high that the U.S. and China were moving closer to resolving trade conflicts between the U.S. and China has grown. Shares in Shanghai jumped 2.4%.
Larry Kudlow, director of the National Economic Council, said negotiations over complaints that China has predatory technology policies were going "very well" and making good progress.
"We're not quite there yet. We've still got some open issues. Currency reforms look very good, for example, there's been progress on enforcement. Just pretty much across the board," he said, according to the Associated Press. "I think the key here is steady conversations, steady conversations since they were here," Kudlow said, referring to the latest round of talks, which were held in Washington earlier this month.
2. -- Bank of America, UnitedHealth, Netflix and IBM Lead Earnings Calendar
Johnson & Johnson's JNJ first-quarter earnings and revenue topped expectations, and the company raised its outlook for sales growth for 2019.
Earnings reports are also expected Tuesday from Netflix (NFLX) - Get Report , International Business Machines (IBM) - Get Report , Johnson & Johnson (JNJ) - Get Report , CSX (CSX) - Get Report and United Continental Holdings (UAL) - Get Report .
Netflix, the streaming giant, will report earnings after the closing bell Tuesday. Analysts expect Netflix to earn 58 cents a share in the first quarter on revenue of $4.5 billion.
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3. -- Hulu Buys Out AT&T's Stake for $1.43 Billion
Based on the joint venture agreement, Disney and Comcast will decide how they want to allocate the shares bought from AT&T, according to Reuters.
Hulu previously was co-owned by Disney, Twenty-First Century Fox, Comcast and AT&T. When Disney acquired Fox's entertainment businesses in March, it gained majority control. Disney CEO Bob Iger has said he may be interested in acquiring the rest, according to Bloomberg.
4. -- Apple Spending $500 Million on Games for Apple Arcade
Apple's budget for Apple Arcade exceeds $500 million for about 100 games that will be included in the service at launch, with that figure including incentives for developers to publish their games exclusively on Apple, according to the Financial Times.
Apple Arcade, was unveiled last month as part of a slate of new services, including as Apple News+ and Apple TV+. Apple didn't announce pricing for either TV+ or Apple Arcade, nor specific launch dates for them, but both are expected to go live this year.
Although the Apple Arcade announcement wasn't as splashy as the star-studded TV+ reveal, some industry analysts believe that Apple's game service, which focuses on indie games rather than the blockbuster titles that dominate efforts by Alphabet (GOOGL) - Get Report and Microsoft (MSFT) - Get Report to launch game streaming services, could wind up being a hit, according to TheStreet's Annie Gaus.
5. -- Notre Dame's Landmark Towers Have Been Saved
A French official and the Paris fire chief said they think Notre Dame Cathedral's landmark rectangular towers have been saved from the fire that caused tremendous damage.
Junior Interior Minister Laurent Nunez said that authorities remain "prudent" but are "much more optimistic" than they were earlier Monday night when the blaze began, the Associated Press reported.
Jean-Claude Gallet, Paris fire commander, said hundreds of firefighters were able to stop the flames from spreading to the north tower belfry.
Gallet said two-thirds of Notre Dame's roofing "has been ravaged."
French President Emmanuel Macron promised to rebuild the cathedral and said he was seeking international help to restore the Paris landmark.
Macron said after the French capital's fire chief announced the emergency response had changed into a monitoring and mop-up operation, "The worst has been avoided although the battle is not yet totally won."
Macron said a national fundraising campaign to restore Notre Dame would be launched Tuesday, the Associated Press reported.