Morning Briefing: 10 Things You Should Know
NEW YORK (TheStreet) -- Here are 10 things you should know for Wednesday, June 12:
1. -- U.S. stock futures were pointing higher Wednesday despite losses in Japan and as U.S. investors watch the Federal Reserve closely for signs it may ease its monetary stimulus.
2. -- The economic calendar in the U.S. Wednesday includes crude inventories for the week ended June 8 at 10:30 a.m. EDT, and Treasury budget data for May at 2 p.m.
3. -- U.S. stocks on Tuesday declined as investor hopes for an expansion of coordinated global stimulus measures ebbed after the Bank of Japan elected not to implement more government bond purchases.
Adding to the uncertainty was sustained ambiguity as to when the Federal Reserve might scale back its easing efforts.
The S&P 500 declined 1.02% to close at 1,626.13 while the Dow Jones Industrial Average lost 0.76% to 15,122.02. The Nasdaq fell 1.06% to 3,436.95.
4. -- Vodafone
Vodafone has pursued a possible bid of €10 billion ($13.3 billion) for Kabel Deutschland since earlier this year, and hired Goldman Sachs as an adviser, sources previously told Reuters.
5. -- Institutional Shareholder Services, the proxy advisory firm, recommended that Sprint
Softbank raised its offer for Sprint on Tuesday by $1.5 billion to $21.6 billion. Softbank also significantly increased the cash it will pay to Sprint's current investors.
6. -- An All Nippon Airways Dreamliner had engine trouble before takeoff Wednesday, a day after a Japan Airlines 787 had a problem with its de-icing system.
Neither problem was with the lithium-ion batteries that were overheating and resulted in the Boeing
7. -- The American Civil Liberties Union sued the federal government Tuesday in New York, asking a court to demand that the Obama administration end the sweeping surveillance programs by U.S. spy agencies and purge the phone records it has collected.
The ACLU is claiming standing as a customer of Verizon
8. -- PVH