June 5 Premarket Briefing: 10 Things You Should Know
Here are 10 things you should know for Thursday, June 5:
1. -- U.S. stock futures were trading mixed early Thursday ahead of the monthly meeting of the European Central Bank.
ECB President Mario Draghi has hinted at possible stimulus measures, which could include a rate cut or other measures to spur economic recovery and avoid deflation.
European stocks drifted lower. Asian stocks ended Thursday's session mixed.
2. -- The economic calendar in the U.S. on Thursday includes weekly initial jobless claims at 8:30 a.m. EDT.
3. -- U.S. stocks on Wednesday rose modestly, as investors waited to hear a decision on interest rates from the ECB.
The S&P 500 added 0.19% to close at 1,927.88, the Dow Jones Industrial Average rose 0.9% to 16,737.53, while the Nasdaq climbed 0.41% to 4,251.64.
4. -- Sprint
The terms involve Sprint paying around $40 a share for T-Mobile in an acquisition that could happen early this summer, the people told the Journal. The companies are still working toward a formal contract. If the deal is completed, it would combine the country's third- and fourth-largest wireless operators
A deal would need the approval of the Federal Communications Commission and the Justice Department.
5. -- An internal probe of General Motors'
The findings of the investigation by former U.S. prosecutor Anton Valukas will be released Thursday.
GM CEO Mary Barra is expected to outline new steps to overhaul GM's culture and management, including the departures of more employees, the people said.
6. -- Medtronic
Smith & Nephew, with a market value of about 9.5 billion pounds ($15.9 billion), is aware of Medtronic's interest as are investment banks, said two of the people. Medtronic's preparations for a bid are at an early stage and no offer is imminent, the people told Bloomberg.
Medtronic is a more serious bidder for Smith & Nephew than Stryker
7. -- Twitter