July 3 Premarket Briefing: 10 Things You Should Know
Here are 10 things you should know for Thursday, July 3:
1. -- U.S. stock futures were rising Thursday ahead of the U.S. jobs report for June.
European stocks were higher in early trading, hours before a meeting of the European Central Bank. Asian stocks finished the session mixed. Japan's Nikkei 225 index fell 0.1%.
2. -- The economic calendar in the U.S. on Thursday includes the nonfarm payrolls report for June at 8:30 a.m. EDT, initial jobless claims at 8:30 a.m., the trade balance for May at 8:30 a.m., and the ISM Services Index for June at 10 a.m.
Nonfarm payrolls probably increased by 212,000 in June after rising 217,000 in May, according to economists surveyed by Reuters. The unemployment rate is forecast to remain steady at 6.3%.
3. -- U.S. stocks on Wednesday finished mixed. The Dow Jones Industrial Average nudged 0.12% higher to 16,976.24, while the S&P 500 added 0.07% to close at 1,974.61. The Nasdaq slipped 0.02% to 4,457.73.
4. -- Advisers to Lululemon Athletica
No deal is in the works, according to the Journal, and buyout-industry insiders said such a transaction would face significant hurdles, given the premium that would be required atop the company's $6 billion market capitalization. But the effort shows that Wilson is actively exploring options as he seeks to exert more influence over how Lululemon is run, the Journal noted.
Though he remains a director, Wilson relinquished his role as CEO in 2005 and stepped down as chairman in May.
5. -- General Motors
The campaign is the first time that GM, the nation's largest automaker, has promoted one electronics technology across its Chevrolet, Cadillac, Buick and GMC brands. The Wi-Fi option would allow 2015 model year vehicles to link up to seven cellphones, laptops and other gadgets to the Internet, according to the Journal.
GM is making its 4G LTE and Wi-Fi hot spot option the centerpiece to an effort to challenge Ford's
6. -- Volkswagen is preparing to launch a takeover bid for Paccar
According to a Bernstein Research note published on Thursday, Bernhard insisted that "serious, multiple sources" informed him that VW was going to bid for Paccar next year.
Volkswagen denied it was planning an acquisition of Paccar.