The power couple are competing against each other for outstanding variety special (live).
It’s the first time the Oscars have won the top program Emmy in variety since 1991.
They would set a new record for the fastest climb to an EGOT.
Emmy winners Sheryl Lee Ralph and Tony Hale will announce the nominees in key categories.
Final-round voting closes Aug. 28, which means that the results will be sealed for more than four months before they are finally revealed.