Sept. 2 Premarket Briefing: 10 Things You Should Know
Updated from 6:51 a.m EDT
NEW YORK (TheStreet) -- Here are 10 things you should know for Tuesday, Sept. 2:
1. -- U.S. stock futures rose Tuesday ahead of data on U.S. manufacturing.
European stocks gained, assisted by hoped-for government or central bank attempts to arrest underlying economic decline.
Asian stocks ended the session mostly higher.
2. -- The economic calendar in the U.S. on Tuesday includes the ISM Index for August at 10 a.m. EDT and construction spending for July at 10 a.m.
3. -- U.S. stocks on Friday (markets were closed Monday for the Labor Day holiday in the U.S.) closed slightly higher, capping four straight weekly gains and booking their best August since 2000. The close also marks the biggest monthly gain since February.
The Dow Jones Industrial Average
4. -- Apple
The agreement includes Visa
The new iPhone will make mobile payment easier by including a near-field communication chip for the first time.
Apple shares rose 0.7% in premarket trading on Tuesday to $103.23.
5. -- Alibaba, the Chinese e-commerce giant, plans to launch its U.S. initial public offering early in the week of Sept. 8, a person familiar with the deal told The Wall Street Journal.
A launch that week, kicking off a deal that could raise more than $20 billion and be the world's largest in years, would mean Alibaba shares could begin trading as soon as Sept. 18 or 19 in New York, the person told the Journal.
Alibaba's dialogue with the Securities and Exchange Commission is ongoing, but that process is expected to wrap up next week, the person familiar with the deal said. The SEC must approve IPO listing documents before a company can set a price and launch an offering.
6. -- Dollar General
In a press release Tuesday, Dollar General also said it would increase the number of stores that it would be willing to agree to divest to 1,500 to steer clear of antitrust issues.
The No. 1 deep discount retailer in the U.S. also agreed to pay a $500 million reverse break-up fee to Family Dollar relating to antitrust matters.
Dollar General shares rose 1.6% to $65 in premarket trading; Family Dollar rose 0.8% to $80.47.
7. -- France's Iliad may improve its $15 billion offer for T-Mobile US
Iliad Chief Financial Officer Thomas Reynaud told Reuters that talks were continuing with private-equity firms and companies interested in joining the group's pursuit of T-Mobile US, which is majority-owned by Deutsche Telekom.
Deutsche Telekom rejected Iliad's bid of $33 a share for 56.6% of T-Mobile US as too low in early August.
T-Mobile shares rose 2.7% to $30.90 in premarket trading.