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Warren Buffett, Retail Sales - 5 Things You Must Know Before the Market Open

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Here are five things you must know for Tuesday, Aug. 15:

1. -- U.S. stock futures continued to rise on Tuesday, Aug. 15, as tensions between the U.S. and North Korea appeared to ease.

North Korean leader Kim Jong-un has opted to freeze his planned attack on Guam, instead waiting for signs the U.S. is ready to "ease tensions," according to a state news service. The authoritarian nation had threatened U.S. territory Guam last week in retaliation to increasingly aggressive language from President Donald Trump.

In comments throughout last week, Trump promised "fire and fury" should North Korea continue to issue threats. On Friday morning, he tweeted that the U.S. military was "locked and loaded" in case of "unwise" actions by North Korea.

However, markets managed to shake off worries on Monday, Aug. 14, to post their best day in months. The S&P 500 gained 1% and the Nasdaq added 1.3%. It was the S&P 500's best day since a 1.08% increase on April 24 and the third best daily increase of the year.

"As long as the economic expansion continues, the markets are likely to recover from geopolitical related volatility," Jason Pride, director of investment strategy at Glenmede, wrote in a note. "This eight-year bull market has coincided with geopolitical events such as the Arab Spring, fears of an European Union breakup, annexation of Crimea and the Greek Debt Crisis."

2. -- Dow component General Electric (GE) was slightly lower on Tuesday after billionaire Warren Buffett and his firm Berkshire Hathaway dropped its position in the company.

According to a Securities and Exchange Commission filing, Berskhire sold all of its...