April 10 Premarket Briefing: 10 Things You Should Know
Updated from 7 a.m. EDT
Here are 10 things you should know for Thursday, April 10:
1.-- U.S. stock futures were pointing to a weaker start for Wall Street on Thursday as investors began to reassess Federal Reserve minutes which showed loose monetary policy would remain in place for some time.
European stocks were mixed in early trading on Thursday. Asian shares ended the session mostly higher despite worse-than-expected Chinese trade figures.
2.-- The economic calendar in the U.S. on Thursday includes weekly initial jobless claims at 8:30 a.m. EDT, export and import prices for March at 8:30 a.m., and the Treasury budget for March at 2 p.m.
3.-- U.S. stocks on Wednesday closed higher as minutes from the Federal Reserve's March policy meeting indicated some members wondered whether enough stimulus has been injected into the economy.
Gains were sustained throughout the day after bellwether Alcoa
The Dow Jones Industrial Average closed 1.11% higher at 16,437.18 while the S&P 500 rose 1.09% to 1,872.18. The Nasdaq gained 1.72% to close at 4,183.9.
4. -- BlackBerry
"If I cannot make money on handsets, I will not be in the handset business," Chen said in an interview, adding that the time frame for such a decision was short. He would not be more specific, but said it should be possible to make money off shipments of as few as 10 million a year.
At its peak, BlackBerry shipped 52.3 million devices in fiscal 2011, while it recorded revenue on less than 2 million last quarter, according to Reuters.
BlackBerry shares rose 0.9% in premarket trading on Thursday to $8.03.
5. -- JPMorgan Chase
The CEO's total compensation fell from $18.7 million in 2012, according to regulatory documents filed by the bank Wednesday.
6. -- Walmart
Walmart is unveiling nearly 100 pantry items over the next several months, adding to the 1,600 organic food items it already carries in its stores. It's taking a cautious approach, planning to have them in about half of its 4,000 domestic namesake stores as it wants to make sure it can satisfy demand.