Morning Briefing: 10 Things You Should Know
NEW YORK (TheStreet) -- Here are 10 things you should know for Monday, April 15:
1. -- U.S. stock futures were pointing to a lower open Monday as the global markets and commodities declined on worrying news on the Chinese economy.
The world's second-largest economy grew 7.7% in the first quarter from the same time last year, down from 7.9% in the fourth quarter and missing the average economist estimate of 8%, according to a Reuters poll.
2. -- The economic calendar in the U.S. Monday includes the Empire State Manufacturing Index for April at 8:30 a.m. EDT, and the NAHB Housing Market Index for April at 10 a.m.
3. -- U.S. stocks on Friday finished with losses.
The S&P 500 fell 0.3% on Friday but rose 2.3% for the week to 1,588.85.
The Dow Jones Industrial Average was little changed on the day at 14,865.06 while the Nasdaq shed 0.2% to close at 3,294.95.
4. -- Dish Network
Sprint, the No. 3 U.S. wireless carrier, had agreed to be acquired by Softbank Corp. of Japan.
Dish is offering to pay $7 a share for Sprint -- $4.76 in cash and about $2.24 in Dish stock.
5. -- Citigroup
This will be the first full quarter under CEO Mike Corbat, who took over last fall when Vikram Pandit stepped down under pressure from the bank's board.
Last year, the bank posted earnings of $1.11 a share on revenue of $19.41 billion.
6. -- Thermo Fisher Scientific
The price could end up being as high as $13 billion, which would make it one of this year's largest corporate takeovers, The Wall Street Journal reported Sunday, citing a source familiar with the negotiations.
7. -- Microsoft
8. -- The Federal Aviation Administration ordered an inspection of more than 1,000 U.S.-registered Boeing
9. -- Auto rivals General Motors
The companies said Monday that their engineers will jointly design nine- and 10-speed transmissions that will go into many of their new cars and trucks.