Morning Briefing: 10 Things You Should Know
NEW YORK (TheStreet) -- Here are 10 things you should know for Thursday, June 6:
1. -- U.S. stock futures were pointing to a higher open Thursday after the prior session's slump as investors awaited a weekly initial jobless claim report in the U.S. and policy announcements from central banks in Europe.
2. -- The economic calendar in the U.S. Thursday includes the Challenger job cuts report for May at 7:30 a.m. EDT and weekly initial jobless claims at 8:30 a.m.
3. -- U.S. stocks on Wednesday fell as a spate of weak economic reports prompted investors to question whether the Federal Reserve's stimulus measures are sufficient to prop up the U.S. economy.
The S&P 500 fell 1.4% to close at 1,608.90 while the Dow Jones Industrial Average also declined 1.4% to 14,960.59. The blue-chip index on Wednesday suffered its third biggest percentage drop this year. The Nasdaq lost 1.3% to 3,401.48.
4. -- PepsiCo
The report said Pepsi could be willing to pay as much as $95 a share for SodaStream, which makes at-home carbonation systems.
SodaStream went public in 2010. The stock closed Wednesday at $69.35.
5. -- AT&T
Chernin Group, the investment and media company, is run by former News Corp.
6. -- The National Security Agency has been collecting the telephone records of millions of U.S. customers of Verizon
The order was granted by the secret Foreign Intelligence Surveillance Court on April 25 and is good until July 19, the newspaper reported. The order requires Verizon on an "ongoing, daily basis" to give the NSA information on all telephone calls in its systems, both within the U.S. and between the U.S. and other countries.
7. -- General Motors
8. -- Search giant Google