Morning Briefing: 10 Things You Should Know
NEW YORK (TheStreet) -- Here are 10 things you should know for Monday, May 6:
1. -- U.S. stock futures were flat Monday after the S&P 500 surged past 1,600 for the first time on Friday.
The S&P 500 achieved record levels Friday as job growth in April eased concern that the world's largest economy was unable to translate corporate profits into lower unemployment.
2. -- The economic calendar in the U.S. Monday is bare.
3. -- U.S. stocks on Friday posted gains as jobs growth in April eased concern that the world's largest economy was unable to translate corporate profits into lower unemployment.
The Dow Jones Industrial Average on Friday gained 1% to close at 14,975.19 after reaching as high as 15,009.59 intraday. The S&P 500 added 1.1% to 1,614.41 after touching its own intraday high of 1,618.49, shattering 1,600 for the first time.
4. -- BMC Software
An announcement could be made Monday.
The negotiated price is around $46 a share, one of the people told Reuters, which would value the deal at $6.55 billion.
BMC shares closed Friday at $45.58.
The deal would be one of the largest leveraged buyouts so far this year, Reuters noted.
5. -- Warren Buffett's Berkshire Hathaway
Berkshire Hathaway said revenue rose 15% to $43.87 billion from $38.15 billion a year earlier.
Buffett is expected Monday to do a number of TV interviews following Berkshire Hathaway's shareholders' meeting over the weekend.
6. -- Some JPMorgan Chase
The largest U.S. bank holds its annual meeting in two weeks.
Two of the bank's top 10 shareholders told Reuters they are considering voting in favor of the proposal following the big losses the bank suffered last year in bad derivative bets.
7. -- General Motors
8. -- Sysco