Sony is hosting an event to discuss their gaming plans for the next few months later this afternoon. The PlayStation Showcase will "include updates from PlayStation Studios and some of the industry’s most imaginative developers, for games releasing this holiday and beyond."
I'm hoping for big things here because, if we're being honest, Xbox is pretty much eating PlayStation's lunch right now; or at least that is the perception. Xbox is throwing all sorts of money into Game Pass and offering an incredible value for tons of games across platforms at a low monthly subscription while Sony is nickel and dime'ing players with standard $10 upcharges for next-gen versions, as PlayStation CEO Jim Ryan confirmed in a recent blog post.
The PlayStation Showcase is at 1pm PDT, so 4pm EDT. You can find the stream on the official playstation site: https://www.playstation.com/en-us/showcase/