Dec. 5 Premarket Briefing: 10 Things You Should Know
Here are 10 things you should know for Thursday, Dec. 5:
1.-- U.S. stock futures pointed to a flat start for Wall Street on Thursday as strong economic data renewed worries the Federal Reserve could begin cutting monetary stimulus when it meets in less than two weeks.
European stocks were little changed in early trading. Asian shares finished Thursday's session with losses. Japan's Nikkei 225 Index declined 1.5%.
2.-- The economic calendar in the U.S. Thursday includes weekly initial jobless claims at 8:30 a.m. EST, the second estimate of third-quarter gross domestic product at 8:30 a.m., and factory orders for October at 10 a.m.
3.-- U.S. stocks on Wednesday finished flat as a better-than-anticipated jobs report and a jump in October home purchases triggered the Fed-tapering concerns.
The S&P 500 fell 0.13% to close at 1,792.81, the Dow Jones Industrial Average dipped 0.16% to 15,889.77, and the Nasdaq rose 0.02% to end at 4,038.
The rollout of iPhones at China Mobile, the world's largest mobile carrier by users, is expected to start later this month, around the time of a Dec. 18 China Mobile conference in Guangzhou, according to two people familiar with the carrier's plans, the Journal reported.
Apple already has deals with the other major Chinese carriers, including China Telecom
5.-- More Apple news: Activist investor Carl Icahn plans to submit a proposal for a $50 billion buyback of stock to Apple's shareholders at the tech giant's annual meeting, a source told CNBC.
Icahn earlier Wednesday announced in a tweet he has notified Apple that he intends to make a push for a vote on a buyback increase.
"Gave $AAPL notice we'll be making a precatory proposal to call for vote to increase buyback program, although not at $150 billion level," Icahn wrote in a tweet. A precatory proposal would not be legally binding.
The Mustang isn't anywhere near Ford's best-seller -- the automaker sells more pickups in a week than it does Mustangs in a month. But Ford told The Associated Press the Mustang has the highest name recognition and highest favorable opinion of any car in its lineup.
7. -- Jos. A Bank