The futures markets are pointing to a higher open as we set up for the trading day after the Christmas weekend holiday. Retailers including Amazon (AMZN - Get Report) and Macy's (M - Get Report) will remain in focus as we assess the holiday shopping season. The National Retail Federation expects holiday sales to tick higher by 3.6% This year, but retailers have been engaged in a lot of discounting to lure shoppers to purchase. That comes at the expense of margins.
Panasonic (PCRFY) and Tesla (TSLA - Get Report) have already been working together on several initiatives, including a massive battery plant in Las Vegas. However, a new project is coming on line in Buffalo, N.Y. The electric car maker and Panasonic will team up to produce solar cells there. Panasonic will reportedly make more than a $256 million dollar investment in the project.
Finally, the force is definitely with Disney (DIS - Get Report) . Rogue One turned in better-than-expected numbers in its second weekend at the box office at $96.1 million. Global ticket sales for Disney from its movies have topped $7 billion.
In economic news today, we get a check on home prices with the Case Schiller Index and a check on consumer confidence.