AM Markets Need to Know: U.S.-Canada tariff talks, Anthropic IPO, and mor

Stock market futures were mixed on Tuesday as investors prepared for a busy week of economic reports, the Federal Reserve's decision on interest rates, and earnings reports from major technology companies.

Here are five news items investors should watch:

Apple's foldable iPhone has screen problems: Apple (AAPL) said on Monday that it knew about reports that bright horizontal lines were appearing on the inner screens of some $1,999 iPhone Duo devices. The lines were spreading from the hinge. Apple said customers with affected phones should contact AppleCare to get replacements. The problem raises early concerns about the product's reliability, even though it received strong preorder demand.

Meta increases its $37.5 billion fundraising deal: Meta Platforms (META) set the terms of an offering that includes $25 billion in Class A common stock and $12.5 billion in depositary shares linked to mandatory convertible preferred stock. Meta increased the common stock portion from the previously announced $22.5 billion. It also gave the underwriters 30 days to buy up to 37.5 million more depositary shares if needed to cover demand beyond the original amount offered.

U.S. and Canada discuss lower steel and car tariffs: The United States and Canada are discussing possible reductions in U.S. tariffs on Canadian steel and automobiles, Reuters reported on Monday. The talks cover tariffs of up to 50% on steel and 25% on cars. The two countries could reach an agreement before the November 3 elections. Any progress could affect manufacturers and other companies that depend on trade between the two countries.

Anthropic's IPO filing draws more interest in ETFs: Exchange-traded funds (ETFs) that own part of Anthropic (ANT) have seen more money flowing in since the AI company filed paperwork to go public, according to Eric Balchunas, an ETF analyst at Bloomberg Intelligence. Anthropic filed its registration statement with the Securities and Exchange Commission on Monday. It plans to list its shares on the Nasdaq Global Select Market under the ticker ANT. The filing comes as AI-related stocks have been moving up and down sharply and investors look for ways to invest in Anthropic.

Gold prices fall before the Fed's decision: Gold futures fell on Tuesday after rising on Monday. Lower oil prices eased worries about inflation after gold suffered sharp losses last week. Investors are watching the Federal Reserve's decision on Wednesday. Many expect the Fed to leave interest rates unchanged after raising them in September. Markets are also pricing in a strong chance of another rate increase in December. Expectations for interest rates remain a key factor that could affect gold prices in the near future.