Julie Morgan

I have a few items to tell you about on our catalyst to watch for the day.

Hershey will hold its Investor Day event.

The CEO and the CFO will discuss the company's key strategic and financial priorities.

Just mentioning Hershey makes me think about the Kit Kat bars that were stolen.

12 tons.

If you haven't seen that story, you gotta look it up.

I'm like, what are they doing with that much candy?

Now back to our Catalyst Watch.

The new Coca-Cola CEO will take over the top spot from James Quincy, who will transition to the executive chairman position.

Royal Gold will hold an Investor Day event.

And Nike will hold its earnings conference call.

Options trading on Nike implies a 9% post-earnings move.

The update for management on trends in China will also be closely watched by other consumer companies with a higher exposure to the nation, including Starbucks, Estee Lauder, and Skechers, while On Holdings has the closest trading correlation to Nike over the last year.

On Wall Street, stock index futures are sharply higher after The Wall Street Journal reported that President Trump told aides he is willing to end hostilities with Iran on a four- to six-week timeline, prioritizing the degradation of Iran's navy and missile stocks over the more complex mission of reopening the Strait of Hormuz.

Dow, S&P and Nasdaq futures are in the green, all up around the 0.9% range.

Crude oil is up 1% at 103.

Bitcoin is down 0.5% at 66,000.

The FTSE 100 is up 0.7% and the DAX is up 0.8%.

And the markets in India closed for a holiday.

Virgin Galactic Holdings is on our list of the biggest movers of the day pre-market.