June 13 Premarket Briefing: 10 Things You Should Know
Here are 10 things you should know for Friday, June 13:
1. -- U.S. stock futures were pointing slightly higher Friday while European stocks fell and oil prices surged as insurgents advanced toward Baghdad.
Stocks in London fell after Bank of England Governor Mark Carney predicted an interest rate hike might come sooner than expected.
Asian stocks finished the trading session higher.
2. -- The economic calendar in the U.S. on Friday includes the Producer Price Index for May at 8:30 a.m. EDT, and the University of Michigan Sentiment Index for June at 9:55 a.m.
3. -- U.S. stocks on Thursday declined with the S&P 500 down 0.71% to 1,930.1, following its biggest daily decline in three weeks a day earlier . However, the index is only 1.1% lower than its record-breaking close of 1,951.27 achieved on Monday.
The Dow Jones Industrial Average tumbled 0.65% to close at 16,734.19 on Thursday, and the Nasdaq shed 0.79% to 4,297.63.
The world's largest chipmaker previously had expected revenue of $12.5 billion to $13.5 billion in the quarter.
The company also said it expects stronger profit margins.
5. -- The group that owns Univision Communications , the dominant Spanish-language broadcaster in the U.S., have held preliminary discussions in recent weeks with several media companies, including CBS
Univision is controlled by a consortium of investors including billionaire Haim Saban. The owners are seeking more than $20 billion for the company, according to people familiar with the matter, the Journal reported. The group bought Univision for $13.7 billion, including debt, in early 2007.
6. -- Tesla
"If we clear a path to the creation of compelling electric vehicles, but then lay intellectual property landmines behind us to inhibit others, we are acting in a manner contrary to that goal," CEO Elon Musk wrote in a blog on the company's Web site.
The decision opens the door to more collaboration with Tesla, which already is making electric systems for Daimler and Toyota
7. -- Shares of clothing retailer Express
Sycamore said in a regulatory filing that it acquired a 9.9% stake in Express.