June 10 Premarket Briefing: 10 Things You Should Know
Updated from 6:47 a.m. EDT
Here are 10 things you should know for Tuesday, June 10:
1. -- U.S. stock futures were slipping Tuesday while European stocks traded flat early in the session.
Asian shares ended the day mostly higher but Japan's Nikkei 225 declined 0.9%.
2. -- The economic calendar in the U.S. on Tuesday includes wholesale inventories for April at 10 a.m. EDT.
3. -- U.S. stocks on Monday closed higher, breaking even more intraday trading records despite the absence of any market-moving catalyst.
The Dow Jones Industrial Average gained 0.11% to finish at 16,943.1, the S&P 500 edged 0.09% higher to 1,951.27, and the Nasdaq jumped 0.3% to 4336.24.
4. -- Time Warner
Precise terms and valuations haven't been agreed upon, according to the Times. Talks have been taking place for several weeks and could still fall through.
One potential stumbling block, according to one of the people, is whether Time Warner will be able to buy out a 5% stake in Vice from 21st Century Fox
5. -- David Marcus, the head of eBay's
eBay said Marcus is departing on June 27, three years after joining PayPal. Marcus said his role at PayPal was becoming too much of a management position and he preferred to focus on building products, The Associated Press reported.
Marcus won't run messaging app WhatsApp,which Facebook agreed to buy for $19 billion. Marcus will run Facebook's own messaging products.
eBay shares fell 1.5% in premarket trading to $48.82. Facebook rose 0.6% to $63.28.
6. -- Joel Anderson, chief executive of Walmart.com in the U.S., is leaving later this month for a job at a new company, according to a memo sent to Walmart
Fernando Madeira, who is currently president and CEO of Latin America at Walmart eCommerce, will replace Anderson and take on a broader role to lead Walmart.com in the U.S., Latin America and other growth areas, according to the memo, which was written by Neil Ashe, who runs Wal-Mart's e-commerce business, and reviewed by the Journal.
The change comes after a year in which Walmart's online sales grew by 30% to $10 billion, according to trade publication Internet Retailer .
7. -- Shares of struggling electronics retailer RadioShack