Stock futures rose on Tuesday, as investors prepared for an earnings season clouded by uncertainties caused by the coronavirus pandemic's upending of the global economy.

President Trump said Monday that he hopes to reopen the country “ahead of schedule”, although didn’t offer a specific time frame for when he expects normal activity to resume.

Meanwhile, as the big banks get earnings season started, the street will be watching for cues as to what companies say they are expecting for the remainder of 2020.

In the latest Covid-19 developments; India and France both extended their lockdowns and the British government is weighing similar steps. Separately, US governors formed coalitions for reopening the nation, even as President Donald Trump insisted he alone has that authority.

These developments come after Monday's session, where the S&P 500 ended mixed, after a historic rally last week, following the Federal Reserve's plan to pump more than $2.3 trillion into the economy.

Ahead, in today's economic calendar, Tuesday includes; Import and Export Prices for March at 8:30am EST.

In earnings; JPMorgan Chase (JPM), Wells Fargo (WFC), and Johnson & Johnson (JNJ) all reported their Q1 2020 earnings this morning.

Coronavirus: US Governors Plan for Reopening. (The WSJ)
As the growth rate of known virus infections slows in the US and other hard-hit countries, governments are exploring how to relax pandemic restrictions while others extend them fearing a resurgence in cases.

Today's Economical Announcements.
08:30AM - ★★☆ - Export Price Index (Mar) (Previous: -1.1%)
08:30AM - ★★☆ - Import Price Index (Mar) (Previous: -0.5%)

Pre-Market Movers & News Related Stocks.

Roku (ROKU): [NEWS] Reported preliminary first-quarter sales numbers that are above Wall Street forecasts, with more people staying at home due to the coronavirus outbreak and using Roku’s video streaming devices. Roku did, however, withdraw its full-year guidance due to uncertainty related to the pandemic.

Johnson & Johnson (JNJ): [EARNINGS] Reported quarterly profit of $2.30 per share, beating the consensus estimate of $2.00 a share. Revenue also beat forecasts. J&J did lower full-year guidance to account for the impact of the Covid-19 pandemic but also announced a 6.3% dividend hike.

JPMorgan Chase (JPM): [EARNINGS] Reported quarterly earnings of 78 cents per share, well below the consensus estimate of $1.84 and the year-ago figure of $2.57 a share. The drop in profit came primarily from a boost in reserves to deal with the coronavirus outbreak and potential loan defaults.

Wells Fargo (WFC): [EARNINGS] Reported quarterly earnings of 1 cent per share, well below $0.62 estimates as the company set aside money for credit losses amid the coronavirus pandemic. Revenues missed forecasts.

Tesla (TSLA): [NEWS] Is asking some of its landlords for rent reductions, according to The Wall Street Journal. The automaker is seeking to save money as the virus outbreak shuts most of its business down.

Apple (AAPL): [NEWS] Shipped 2.5 million iPhones in China in March, according to government data. It had shipped only 500,000 phones in China in February.

British American Tobacco (BTI): [NEWS] Is under criminal investigation in the US, according to a Reuters report. The cigarette maker is said to be under scrutiny for alleged sanctions breaches.

Walt Disney (DIS): [NEWS] Struck a $5 billion unsecured credit agreement, which it said may be used to fund day to day operations. Disney businesses, such as theme parks and movies, have taken a significant hit from the Covid-19 pandemic.

Quest Diagnostics (DGX): [NEWS] Said overall testing volume is declining, despite a surge in Covid-19 testing. Quest said it has performed about 40% of all virus-related testing by commercial medical labs.

Valero Energy (VLO): [NEWS] Said it may report a first-quarter loss of up to $2.1 billion, as the independent refiner sees demand for gasoline and other refined products fall due to the coronavirus outbreak.

Exxon Mobil (XOM): [NEWS] Sold another $9.5 billion in debt with varying maturities. Interest rates ranged from 1.571% for debt due in 2023 to 3.452% for 30-year debt.

Chesapeake Energy (CHK): [NEWS] Shareholders approved a 1-for-200 reverse stock split, a move that will keep it in compliance with New York Stock Exchange listing rules. The energy producer also sees the move boosting liquidity and possibly attracting interest from new investors.

News Corp (NWSA): [NEWS] Said its newspaper advertising revenue would take a hit, with advertisers pulling back due to the virus outbreak. The Wall Street Journal owner said, however, that it is seeing a rise in digital subscribers.

Navistar (NAV): [NEWS] Is seeking to save $300 million through the end of the truck maker’s fiscal year in October. Navistar said it would defer pay for executives and salaried workers, and postpone capital spending.