May 1 Premarket Briefing: 10 Things You Should Know

Tickers in this article: DTV F GM MA S SNE T TMUS XOM YELP

Updated from 6:46 a.m. EDT

Here are 10 things you should know for Thursday, May 1:

1. 
-- U.S. stock futures were rising slightly early Thursday, while stocks in London were higher as most of Europe took off for the May Day holiday.

Asian shares ended the session mixed. Japan's Nikkei 225 index rose. 1.3%.

2. -- The  economic calendar  in the U.S. on Thursday includes weekly initial jobless claims at 8:30 a.m. EDT, personal income and personal spending for March at 8:30 a.m., the ISM Index for April at 10 a.m., and construction spending for March at 10 a.m.

3. -- U.S. stocks  on Wednesday closed higher after the  Federal Reserve  pledged to hold rates for a considerable time after it ends its economic stimulus program, offsetting weaker-than-expected economic growth  data.

The Dow Jones Industrial Average  added 0.27% to 16,580.84 -- a record high closing -- while the  S&P 500  increased 0.3% to 1,883.95. The  Nasdaq climbed 0.27% to finish at 4,114.56.

4. -- AT&T has approached DirecTV about a possible acquisition of the satellite-TV company , people familiar with the situation told The Wall Street Journal .

A combination of AT&T with satellite-TV company DirecTV would create a pay television giant close in size to where Comcast will be if it completes its pending acquisition of  Time Warner Cable , the Journal noted.

A deal would likely be worth at least $40 billion, DirecTV's current market capitalization, a fraction of AT&T's $185 billion market capitalization, according to the newspaper.

AT&T declined to comment for the Journal , as did DirecTV.

AT& shares fell 1% in premarket trading to $35.33. DirecTV shares rose 7.3% to $83.25.

5. -- Sprint  is in the process of raising  financing for a takeover bid of competitor  T-Mobile  as the company works to press a merger of the nation's third- and fourth-largest wireless carriers.

Bloomberg reported on Wednesday that Sprint has met with half a dozen banks about securing  debt financing for the bid, which may be disclosed in June or July.

A merger attempt between Sprint and T-Mobile would be the riskiest attempt at wireless consolidation since AT&T failed to buy T-Mobile in 2011. That deal was blocked by the Department of Justice, which continues to believe that a competitive wireless industry would have four nationwide players.

Sprint shares rose 5.8% in premarket trading to $8.99, while T-Mobile shares rose 7.4% to $31.45.

6. -- Exxon Mobil is expected by analysts on Thursday to report first-quarter earnings of $1.88 a share on revenue of $109.76 billion.

7. -- Automakers, including General Motors and Ford , are expected to report sales for April throughout the day.

Sales of new cars and trucks are expected to increase 8.5% to nearly 1.4 million in April, which would make it the best April for the industry since 2005, according to J.D. Power and Associates.