June 12 Premarket Briefing: 10 Things You Should Know
Here are 10 things you should know for Thursday, June 12:
1. -- U.S. stock futures were rising slightly Thursday ahead of a retail sales report while European shares were mostly higher after industrial production in the eurozone in April rose.
Asian stocks finished the session lower.
2. -- The economic calendar in the U.S. on Thursday includes weekly initial jobless claims at 8:30 a.m. EDT, retail sales for May at 8:30 a.m., export and import prices for May at 8:30 a.m., and business inventories for April at 10 a.m.
3. -- U.S. stocks on Wednesday fell and the S&P 500 index suffered its biggest daily decline in three weeks after the World Bank slashed its global economic outlook.
The S&P 500 declined 0.35% to 1,943.9, gapping from its record-breaking 1,950-level achieved at the beginning of the week. The Dow Jones Industrial Average lost 0.6% to 16,843.88. The Nasdaq dropped 0.14% to 4331.93.
4. -- Professional golfer Phil Mickelson didn't trade in the shares of Clorox
The Times and other news outlets have been reporting that Clorox was among the stocks that federal authorities were examining as part of a two-year investigation into well-timed trades made by Mickelson and sports gambler William T. Walters. Initially, authorities pursued a theory that Icahn shared private details of his Clorox bid with Walters, who then traded on the information and passed on the tip to Mickelson.
Although Icahn and Walters remain under investigation over Clorox, The Times said the F.B.I. and the Securities and Exchange Commission have found no evidence that Mickelson traded Clorox shares. The overstated scope of the investigation came from information provided to the newspaper by other people briefed on the matter who have since acknowledged making a mistake.
5. -- Amazon.com
"Prime Music " users, under the $99 program, can stream or download more than a million songs without added fees or interruptions from advertisements.
Amazon's head of digital music, Steve Boom, acknowledged the company's music offerings aren't as robust as services from rivals like Spotify, but told Reuters that because the service is free with Prime, it offers more bang per buck than standalone streaming services that can cost $10 a month.
6. -- Twitter
Sources familiar with the company said Twitter already has made some moves to shift responsibility from Rowghani, who at one point was considered one of Twitter's most valuable assets, Re/code reported.