What to watch today: Dow to drop on earnings, Zuckerberg to testify and SoftBank's WeWork deal

Dow futures turned lower after Dow stock Caterpillar sank on disappointing earnings.

as dangerous fire weather returns to California. PG&E could begin precautionary power shutoffs as early as this afternoon to about 189,000 homes and businesses in portions of 16 counties, mostly in the Sierra foothills and north of the San Francisco Bay Area. Texas Instruments forecast current-quarter revenue well below estimates, the latest sign that the global microchip industry is being squeezed by a downturn in demand as well as a prolonged U.S.-China trade dispute.

Whirlpool earned better-than-expected adjusted earnings per share, but the appliance maker's revenue fell short amid lower sales in Latin America.

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