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FeaturesFive Things

Cars, planes and cheesecake — 5 things to know today

By
Ben Geier
Ben Geier
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By
Ben Geier
Ben Geier
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October 22, 2014, 8:06 AM ET
Singapore Aviation Airshow 2014
SINGAPORE - FEBRUARY 13: - A model of a Boeing Co. 777-300 ER Dreamliner aircraft is displayed at the Singapore Airshow on February 13, 2014 in Singapore. The Singapore air show is held every year and is one of the most important aerospace and defense exhibitions in the world. (Photo by Yuli Seperi/Getty Images)Photo by Yuli Seperi — Getty Images
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Good morning, friends and Fortune readers.

U.S. stock futures are mixed this morning, one day after the market saw its best day of the year, pulling the Dow back into the black for 2014. Earnings reports continue to roll in today, and many of America’s favorite industries — cars, planes and indulgent food — are in the news. On top of that, we’ve got IBM making a partnership with Lufthansa and Total dealing with the aftermath of its CEO’s untimely death. Here’s what you need to know about today.

1. Target is bringing ‘Tar-zhay’ back

With the holiday season coming up fast, the discount retailer is focusing more on designer collaborations, exclusive toys and upping its e-commerce game to make sure it gets its share of sales in what promises to be another bruising holiday season, reports Fortune’s Phil Wahba.

2. Boeing keeps soaring

Boeing (BA) has been having, quite frankly, a remarkably successful year, with earnings soaring last quarter and its orders continually outpacing its European rival Airbus. With its report today, the aerospace company announced that core earnings per share had risen 19% — plus, later in the firm’s conference call, we could hear a bit more about the company’s plan on what to do with the contract it won to build the craft to taxi astronauts to the International Space Station.

3. Total talks new leadership

After its former CEO Christophe de Margerie died in a bizarre accident earlier this week, French oil company Total has appointed Patrick Pouyanne as his successor. Former CEO Thierry Desmarest, meanwhile, will return as president, according to Bloomberg.

4. Want a slice of Cheesecake?

The Cheesecake Factory(CAKE) will look to get its earnings back on track this afternoon. Zack’s notes that the restaurant chain has missed earnings targets for the past three quarters, largely driven by increasing food costs. Lets just hope the press release isn’t as long as the menu.

5. Daimler gets big money on Tesla sale

German automaker Daimler is selling its stake in electric car manufacturer Tesla (TSLA), and is expecting to pull in a cool $780 million, according to the New York Times. Despite selling off the 4% stake, the two companies are expected to continue to work together on electric car projects.

Editor’s note: An earlier version of this story mistakenly said General Motors will report its quarterly earnings today. The story has since been updated.

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