Pre-Market Futures Flat at This Hour

Market Overview - Pre-market futures are showing a downward bias, with the Dow down -9 points, S&P 500 up +3, Nasdaq down -38, and Russell 2000 down -9 points [1] - The Dow recently reached a record closing high, but Q3 earnings reports have not been as positive as expected [1] Federal Reserve Insights - Fed Governor Michael Barr is scheduled to make appearances ahead of the upcoming monetary policy decision, with nearly 100% of analysts anticipating a 25 basis-point rate cut [2] Q3 Earnings Reports - AT&T (T): Reported Q3 earnings of 54 cents per share, missing estimates by a penny, with revenues of $30.71 billion, down -0.81% from estimates; shares down -1.6% [3] - Thermo Fisher (TMO): Reported earnings of $5.79 per share, beating estimates of $5.50, with revenues of $11.12 billion, exceeding expectations by +2%; shares up +2% [4] - GE Vernova (GEV): Reported earnings of $1.64 per share, missing estimates of $1.78 by -7.87%, but revenues of $9.97 billion were +8.62% higher than anticipated; shares up +3.8% [5] - Teck Resources (TECK): Reported earnings of 55 cents per share, surpassing estimates of 39 cents by +41%, with revenues of $2.46 billion, exceeding consensus by +14.3% [6] Upcoming Earnings Expectations - Tesla (TSLA): Expected to report negative earnings per share down -26.4% year over year, but +5% on revenues; shares are flat ahead of the report [7] - IBM (IBM): Anticipated to report earnings +6% higher and revenues +7.57% higher, with shares up +28% year to date [8] - Southwest Airlines (LUV): Facing a tough year-over-year comparison with expected earnings growth down -93% and revenues up +1.44% [8]