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Trump, China, Fox and Disney - 5 Things You Must Know Before the Market Opens

Here are five things you must know for Thursday, Nov. 9:

1. -- U.S. stock futures pointed to a weaker start for Wall Street on Thursday, Nov. 9, following Donald Trump's two-day visit to China and amid lingering questions over the fate of domestic tax reform.

European stocks traded lower while Asian shares finished Thursday's session mostly to the upside. Japan's Nikkei 225 bucked the trend, however, and fell 0.2%.

Trump criticized U.S.-China trade relations, describing them as "unsustainable."

As for tax reform in the U.S., Senate Republicans are set to unveil their version on Thursday with billions in tax cuts for people and corporations, repeal of the federal deduction for state and local taxes, and a likely compression of the personal income tax brackets to four from seven, according to a report from the Associated Press.

The tax plan from the House, meanwhile, is nearing approval by the tax-writing committee after last-minute changes by Ways and Means Committee Chair Rep. Kevin Brady.

2. -- Donald Trump capped his visit to China on Thursday with a litany of new commercial contracts for some of America's biggest companies even as he continued to criticize trade relations between the world's two biggest economies.

Around $250 billion in new and existing deals between U.S. and Chinese companies were touted by the president and his team as they departed from the third leg of Trump's 11-day Asia tour and celebrated the anniversary of his shock election victory last November.

Boeing Co. (BA - Get Report) , General Electric Co. (GE - Get Report) , Qualcomm Inc. (QCOM - Get Report) , Goldman Sachs Group Inc. (GS - Get Report) and Ford Motor Co. (F - Get Report) were just some of the names on the list of deals and contracts linked to the Trump visit and the broader ambitions of an economic policy he began trying to coordinate with China President Xi Jinping earlier this year.

Boeing was perhaps the biggest recipient of what China's Commerce Minister Zhong Shan called a "miracle" of trade deals, agreeing to terms on the sale of 300 jets with a list value of around $37 billion to China Aviation Suppliers Holding Co. Some of the orders, however, could have been blended into past agreements, analysts said, making it difficult to judge how much the announcement will change Boeing's order book.

Boeing shares rose slightly in premarket trading on Thursday.

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3. -- Twenty-First Century Fox Inc. ( FOXA - Get Report) reported fiscal first-quarter revenue that beat analysts' expectations, while earnings of 49 cents a share were in-line with Wall Street forecasts.

Fox's better-than-expected results came as investors continued to wonder what to make of a CNBC report earlier this week that said Fox executives recently spoke with their counterparts at Walt Disney Co. ( DIS - Get Report) about selling their film and TV production studio along with their Star India networks and 39% stake in Sky PLC, the enormous European satellite-TV operator.

CEO James Murdoch said he wouldn't respond directly to deal speculation but did say that Fox has "a great set of brands and businesses that we really like."