GM gives investors reason to smile while Trump faces off with travel ban opponents in San Fran

Wall Street is aiming for a rebound. Stock futures are signaling gains at the open as investors weigh a fresh batch of corporate earnings, including better-than-expected results from Dow component General Motors (GM).

GM beats the Street
Shares of General Motors (GM) are higher before the bell. The automaker delivered a beat on both its top and bottom lines for the fourth quarter. Revenue jumped 11% thanks to strong sales in the US and China. GM also lifted global car sales estimates for the next four years. But is the road ahead for automakers about to get bumpy?

Trump goes to court in San Francisco
President Trump’s immigration order faces another test today. The administration and its opponents, including Washington State, will make arguments this afternoon before the the Ninth US Circuit Court of Appeals in San Francisco. The losing side is likely to appeal to the US Supreme Court. How will the court weigh arguments made by Silicon Valley companies including Apple (AAPL) and Google (GOOGL)?

America’s slipping economic power
A new report says that the US will fall behind India and China by 2050. The ranking by PriceWaterhouseCoopers of the world’s most powerful economies, based on purchasing power parity, shows the US falling from it current second place to third in the next three decades. How will US trade policies affect the global economic pecking order?