Here is what you need to know.

Disney is reportedly nearing a deal to buy 21st Century Fox's TV business . Disney and 21st Century Fox are closing in on a deal that could come as quickly as next week, which would involve Disney acquiring Fox's studio and television production assets - a portion of the business that has an enterprise value of more than $60 billion, CNBC's sources say.

Xiaomi is looking for a bank to help launch what could be the world's largest tech IPO . The Chinese smartphone maker will receive bank pitches next Friday for what is likely to be the world's largest tech initial public offering ever. Xiaomi was valued at $46 billion in 2014.

Home Depot is buying back a bunch of stock . The home-improvement chain announced a $15 billion share buy back program and said it's targeting annual sales of between $114.7 billion and $119.8 billion by the year ending January 2021, Reuters reports.

Bitcoin blows past $12,000 and is getting close to $13,000 . The cryptocurrency trades up 8.93%, or $1,047, at 12,776 a coin, according to Markets Insider data.

A hedge fund star who retired at 41 is eyeing a comeback . Greg Coffey, who previously ran emerging market funds at GLG Partners and Moore Capital, is considering launching a new fund with James Saltissi, people familiar with the matter told Business Insider.

Australian GDP misses . Australia's economy grew at a seasonally adjusted 0.6% in the third quarter, according to the Australian Bureau of Statistics, missing the 0.7% growth that economists were expecting.

India's central bank holds . The Reserve Bank of India kept its key interest rate at 6.00% and said it sees recent reforms boosting growth.

Stock markets around the world are lower . Hong Kong's Hang Seng (-2.14%) was hit hard in Asia and Germany's DAX (-0.98%) trails in Europe. The S&P 500 is set to open down 0.20% near 2,623.

Earnings reports keep coming . American Eagle Outfitters reports ahead of the opening bell while Broadcom and Lululemon release their quarterly results after markets close.

US economic data is light . ADP Employment Change will be released at 8:15 a.m. ET and productivity will cross the wires at 8:30 a.m. ET. The US 10-year yield is down 1 basis point at 2.34%.