Here are five things you must know for Tuesday, Sept. 24:
1. -- Stock Futures Rise as Mnuchin Says U.S.-China Trade Talks to Resume Early October
U.S. stock futures rose on Tuesday after U.S. Treasury Secretary Steven Mnuchin confirmed that trade talks between the U.S. and China would resume the week of Oct. 7, though gains were capped by worries over the slow pace of global growth.
Contracts tied to the Dow Jones Industrial Average rose 88 points, futures for the S&P 500 were up 9.90 points, and Nasdaq futures gained 30.25 points.
Mnuchin said he and U.S. Trade Representative Robert Lighthizer would meet with Chinese Vice Premier Liu He for trade negotiations.
"It's actually, I think, it's not next week, but the following week we'll be having those talks," Mnuchin said in an interview with Fox Business Network. The Treasury secretary said some progress was made in deputy-level talks last week
"The comments gave a little bit of boost to sentiment, but markets are still not that optimistic either," Masahiro Ichikawa, senior strategist at Sumitomo Mitsui DS Asset Management, told Reuters.
Stocks in Asia finished higher Tuesday though a preliminary manufacturers survey showed factory activity slowing in Japan last month, the latest sign of discouraging growth data.
Britain's highest court ruled Tuesday that Boris Johnson's decision to suspend Parliament for five weeks ahead of the country's Brexit deadline was illegal. The ruling makes a no-deal Brexit less likely. Shares in London traded slightly lower on the news.
The Dow rose 14 points, or 0.06%, to 26,949, the S&P 500 slipped 0.01% and the Nasdaq fell 0.06%.
2. -- Nike, AutoZone and CarMax Report Earnings
- Best Trade for AutoZone After Earnings on Positive Charts
- The Charts of Cintas Suggest a Cautious Approach Ahead of Earnings
The economic calendar on Tuesday includes the S&P Corelogic Case-Shiller Home Price Index for July at 9 a.m. ET, the FHFA House Price Index for July at 9 a.m., and Consumer Confidence for September at 10 a.m.
3. -- Boeing 737 MAX Crash Victims' Families Each to Get $144,500
Boeing will pay the 346 families of people killed in two crashes $144,500 each.
Claims have to be submitted by Dec. 31.
Dozens of families are suing Boeing, which said relatives won't have to drop their lawsuits to get compensation from the fund, according to the Associated Press.
The 737 MAX has been grounded since March after fatal crashes in Ethiopia and Indonesia.
"The recent 737 MAX tragedies weigh heavily on all of us at Boeing, and we continue to extend our deepest sympathies to the families and loved ones of all those on board," said Dennis Muilenburg, Boeing's chairman, president and CEO. "The opening of this fund is an important step in our efforts to help affected families."
Meanwhile, federal aviation officials offered no further details on a time line for the return to service of the 737 MAX during a meeting with regulators from around the globe.
The gathering involved more than 50 regulators who will participate in approving the return to flight of the troubled aircraft in their respective countries.
"The FAA continues to follow a thorough process, not a prescribed time line, for returning the aircraft to passenger service. The FAA has a transparent and collaborative relationship with other civil aviation authorities as we continue our review of changes to software on the Boeing 737 MAX," the agency said Monday in a statement about the meeting.
4. -- Juul Labs Is Under a Criminal Probe in California
Federal prosecutors in California are conducting a criminal probe into e-cigarette maker Juul Labs, The Wall Street Journal reported, citing people familiar with the matter.
The investigation by the U.S. attorney's office of the Northern District of California is in its early stages, the people told the Journal, while the focus of the probe couldn't be learned.
The Federal Trade Commission, the Food and Drug Administration and several state attorneys general are investigating Juul's marketing practices.
Walmart (WMT - Get Report) said last week it was planning to end sales of e-cigarettes after the outbreak of a mysterious lung illness tied to the devices prompted a backlash. The Trump administration also has announced it was considering a ban on flavored e-cigarettes.
5. -- Facebook to Acquire CTRL-labs, a Neural Interface Startup
Andrew Bosworth, Facebook's vice president of augmented reality and virtual reality, disclosed the plans in a blog post. Terms of the acquisition weren't revealed.
CTRL-labs has received $67 million in funding in three rounds since 2017, according to Crunchbase. Reports put the acquisition cost between $500 million and $1 billion.
In the post, Bosworth described how the technology works: "You have neurons in your spinal cord that send electrical signals to your hand muscles telling them to move in specific ways such as to click a mouse or press a button. The wristband will decode those signals and translate them into a digital signal your device can understand."