Morning Briefing: 10 Things You Should Know
NEW YORK (TheStreet) -- Here are 10 things you should know for Monday, April 29:
1. -- U.S. stock futures were higher Monday on expectations that U.S. home contract signings improved in March and that central banks around the world will continue easing measures to stimulate the global economy.
The market was anticipating the start of the Federal Reserve's two-day policy meeting on Tuesday. The European Central Bank's policy announcement is scheduled for Thursday.
2. -- The economic calendar in the U.S. Monday includes personal income and personal spending for March at 8:30 a.m. EDT, and pending home sales for March at 10 a.m.
3. -- U.S. stocks on Friday finished mixed.
The S&P 500 slipped 0.2% to pare its gain for the week to 1.8%, closing at 1,583.11. The benchmark U.S. index has advanced 11% this year.
The Dow Jones Industrial Average ended Friday with a gain of 0.08%, while the Nasdaq slipped 0.3%.
4. -- JPMorgan Chase
Frank Bisignano will become CEO of payment processor First Data on Monday. Matt Zames, who was co-chief operating officer with Bisignano, will become the sole operating chief of JPMorgan Chase, effective immediately.
Bisignano is the ninth high-level JPMorgan executive to leave the bank in the last 18 months.
5. -- Herbalife
Herbalife has been called an illegal pyramid scheme by Bill Ackman, the hedge fund manager who has battled activist investor Carl Icahn over the maker of nutritional and weight loss supplements.
6. -- Bayer, the German chemical and pharmaceutical company, agreed to acquire Conceptus
7. -- Boeing's
A Boeing 787 operated by Ethiopian Airlines flew from Ethiopia to Kenya's capital Saturday, the first commercial flight since regulators grounded the Dreamliners in January after battery problems.
8. -- Eaton
Eaton was expected by Wall Street to post first-quarter earnings of 79 cents a share.