New Starbucks latte and big bank fines — 5 things to know today by Ben Geier @FortuneMagazine November 12, 2014, 8:06 AM EST E-mail Tweet Facebook Google Plus Linkedin Share icons Good morning, friends and Fortune readers. The markets are set for a lower open this morning after the S&P 500 index managed yet another record close in the final moments of Tuesday’s trading session. Today, look out for two major retailers releasing earnings, a new drink from Starbucks, and news that five global banks have settled with regulators for allegedly trying to rig foreign exchange markets. Plus, the Europeans are landing an unmanned craft on a comet! Here’s what else you need to know today. 1. Department store wars Two of your favorite mall anchor stores are reporting earnings today: Macy’s M and JC Penney JCP . Macy’s, which reported this morning, beat expectations by earning $0.61. Revenue, though, was less than expected. JC Penney, which will report after the bell, is expecting to see a loss of around $0.80 per share. JC Penney has had a rough few years, and investors will be hoping to see signs of a turnaround, or at least some positive news in the report. 2. Currency troubles Five banks — Citibank C , JPMorgan Chase Bank JPM , Royal Bank of Scotland, HSBC Bank HSBC and UBS — have settled with regulators over allegations they tried to rig foreign exchange markets. The fines in the settlement come to around $3.4 billion. Barclays Bank did not settle, and continues to be under investigation. This won’t do the financial sector any favors when it comes to its public image. 3. Drink up your pralines Are you tired of the pumpkin spice latte? Are you not a fan of gingerbread? Does the idea of drinking anything eggnog flavored that isn’t filled with booze make you gag? Well, Starbucks SBUX still wants your money, and as such they company is introducing the Chestnut Praline latte today, the company’s first new holiday drink in five years. So grab a red cup and drink up. 4. U.S. and China reach another deal A day after achieving an accord on trade, the U.S. and China have reached a deal on the environment. Both countries agreed to curb greenhouse gas emissions over the next two decades. This is the first time China has agreed to such a deal. 5. YouTube is creeping on Spotify The Google GOOG subsidiary has signed a deal with Merlin, an organization representing many independent record companies. What could this mean? YouTube is closer to launching its own music streaming service, so similar streaming services should look out.