Dec. 3 Premarket Briefing: 10 Things You Should Know
Here are 10 things you should know for Tuesday, Dec. 3:
1.-- U.S. stock futures were pointing slightly lower on Tuesday ahead of economic data later this week that investors will use to gauge the Federal Reserve's next move on economic stimulus.
European stocks were lower. Asian shares ended mostly to the downside but Japan's Nikkei 225 index added 0.6% on weakness in the yen.
2.-- The economic calendar in the U.S. Tuesday includes auto and truck sales for November from manufacturers such as Ford
3.-- U.S. stocks on Monday declined as a slow kickoff to the holiday shopping season offset a strong uptick in manufacturing activity.
The S&P 500 fell 0.27% to 1,800.88 while the Dow Jones Industrial Average declined 0.48% to 16,008.64. The Nasdaq dipped 0.36% to 4,045.26.
Research firm comScore forecast Cyber Monday sales of $2 billion, up from about $1.47 billion last year. Online sales account for about 10% of total holiday spending, which was projected to increase about 3.9% to $602.1 billion for November and December.
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An Apple spokeswoman confirmed the deal in an email to TheStreet. The news was first reported by The Wall Street Journal .
6.-- A high-tech barge that Google
In a confidential budget report obtained by the newspaper, builder Turner Construction said the idea is to construct the vessels at Treasure Island, then dock them in San Francisco, Los Angeles and New York.
Miriam Saez, director of operations for the Treasure Island Development Authority, told the Chronicle that Google reps told her "this would be an important opportunity for the launching" of their Google Glass computer eyewear next year.
7.-- President Obama plans to speak about his signature health care program -- the Affordable Care Act -- at 2:30 p.m. EST on Tuesday.
Obama's speech follows the relaunch of government Web site HealthCare.gov, which was plagued by problems since it opened in October but is now working at an acceptable level, the White House said.
8.-- Krispy Kreme's
The company said earnings excluding special items will range between 71 cents and 76 cents a share for the year ending in February 2015, below analysts' forecasts of 77 cents.