What to watch today: Dow to rise, Elon Musk unveils 'Cybertruck' and China's Xi on trade deal

What to watch today: Dow to rise, Elon Musk unveils 'Cybertruck' and China's Xi on trade deal  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  VIEW IN BROWSER | SUBSCRIBE FRI, NOV 22, 2019 MORNING SQUAWK U.S. stock futures were slightly higher this morning, a day after the Dow, S&P 500 and Nasdaq all closed modestly lower. AS OF FRI, NOV 22, 2019 • 06:53 ET Dow Jones Fut 27,766.29 Current: 27,776.00 Change: 28.00 Impl. Open: 35.71 S&P 500 Fut 3,103.54 Current: 3,107.75 Change: 3.75 Impl. Open: 4.96 NASDAQ 100 Fut 8,265.62 Current: 8,294.25 Change: 19.75 Impl. Open: 22.63 Russell 2000 Mini 1,583.99 Current: 1,589.20 Change: 4.40 Impl. Open: 5.36 BY THE NUMBERS U.S. stock futures were slightly higher this morning, a day after the Dow, S&P 500 and Nasdaq all closed modestly lower as uncertainty over a U.S.-China "phase one" trade deal persisted. While tracking to break multiweek winning streaks, the Dow, S&P 500 and Nasdaq were still only about 1% away from record highs heading into Friday trading. (CNBC) * Ray Dalio's Bridgewater bets more than $1 billion that stock markets around the world will fall by March (WSJ) * Janet Yellen: 'There is good reason to worry' about a recession (CNBC) On the economic calendar, investors get November purchasing managers' data on manufacturing and services at 9:45 a.m. ET. Consumer sentiment for November and the latest Kansas City Fed survey follow, respectively, at 10 a.m. ET and 11 a.m. ET. The busy week in retail earnings ends today, with Foot Locker (FL) reporting before the bell. (CNBC) Tesla (TSLA) CEO Elon Musk unveiled the company's all-electric pickup, the Cybertruck, last night at one of his company's signature promotional events in Los Angeles. The vehicle, which represents a large metallic trapezoid, will start at $39,900 and is Tesla's sixth vehicle in its lineup. (CNBC) * Tesla claimed its pickup truck was 'bulletproof' then smashed its windows with a metal ball (CNBC) IN THE NEWS TODAY Chinese President Xi Jinping said today that Beijing wants to work for a trade deal with the United States but is not afraid to "fight back." Reinforcing the upbeat tone adopted by China in recent days, Xi told a visiting U.S. business delegation that China holds a 'positive attitude' toward the trade talks. (AP) * Phase one trade deal may not get signed before additional tariffs kick in: US Chamber of Commerce (CNBC) Microsoft (MSFT) said it had been granted a license from the U.S. government to export software to Huawei. The Commerce Department confirmed it had begun issuing licenses for some companies to sell goods to Huawei, expanding the company's supplier base and providing long-awaited clarity to the industry that once sold it billions of dollars worth of goods. (Reuters) * US charges Chinese national with stealing trade secrets: Justice Department (Reuters) Police will be out in force at polling stations in Hong Kong this weekend as keenly contested local elections take place amid ongoing anti-government protests. Protesters fear the elections may be canceled because of the unrest. City leaders said they want to go ahead with the vote but warned violence could make it impossible to hold a fair and safe election. (AP) The Senate passed a bill to dodge a government shutdown for another month, through Dec. 20, ahead of a midnight deadline. The measure heads to President Donald Trump, who barring a change of heart, is set to sign it into law. Funding will lapse today if the president does not approve the spending bill. (CNBC) House Democrats and the White House didn't come to an agreement on moving forward with Trump's new North American trade deal. Lawmakers and the White House have worked for weeks to resolve concerns about enforcement tools for labor and environmental standards under the USMCA deal. (CNBC) Former President Barack Obama said that technology, despite its potential, has brought about greater inequality and made the public more divided as "people don't know what's true and what's not, and what to believe and what not to believe." People who watch Fox News live in a different reality than those who read The New York Times, he added. (CNBC) WeWork is laying off 2,400 employees, or 19% of its workforce, as it works to cut costs and right-size the business. In a statement, a WeWork spokesperson said the cuts were being made as part of the company's efforts to "create a more efficient organization" and refocus on the core office-sharing business. (CNBC) The Phoenix Suns unveiled renderings and provided more details surrounding the team's $230 million renovation project of Talking Stick Resort Arena. The City of Phoenix will contribute $150 million to the renovations while the team will add $80 million and also build a new practice facility which is expected to cost in the range of $45-50 million. (CNBC) STOCKS TO WATCH Shares of hardware company company Pure Storage (PSTG) were tanking over 23% in premarket trading. Pure Storage reported disappointing third-quarter earnings and a weaker outlook for the fourth quarter. Retailer Williams-Sonoma's (WSM) shares were falling over 5% in the premarket after reporting weak third quarter numbers. The home goods company saw revenue increase but EPS decline. Shares of Shoe Carnival (SCVL) were up about 11.7% in premarket trading after its third quarter earnings beat estimates. The retailer also raised its guidance. Shares of Nordstrom (JWN) spiked more than 10% during extended trading after the company reported fiscal third-quarter earnings that beat analysts' estimates, and narrowed its 2019 earnings forecast. WATERCOOLER You'll soon be able to buy merchandise featuring "Baby Yoda," the breakout star of Disney's "The Mandalorian." Apparel and accessories featuring the yet unnamed creature will soon be available through Amazon, Zazzle, Target, Kohl's, Macy's, Hot Topic and Box Lunch, as well as the Disney Store, ShopDisney and at the Disney Parks. (CNBC) CONTRIBUTORS Jessica Bursztynsky @jbursz Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel   Digital Products Feedback Privacy Policy CNBC Events   © 2019 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS