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) and Macy's (M) 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) 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) . 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.