Nov. 12 Premarket Briefing: 10 Things You Should Know
NEW YORK ( TheStreet) -- Here are 10 things you should know for Tuesday, Nov. 12:
1.-- U.S. stock futures indicated a weaker start to Wall Street on Tuesday after the Dow Jones Industrial Average reach a record high on Monday.
European stocks were lower in early trading. Asian shares closed mostly higher Tuesday as investors awaited word from China on economic reforms. Japan's Nikkei rose 2.2% to close at 14,588.68 while China's Shanghai Composite gained 0.8% to 2,126.77.
2.-- The economic calendar in the U.S. Tuesday is bare.
3.--U.S. stocks on Monday rose slightly as investors await earnings reports from major retailers that may offer signals about the strength of the U.S. economic recovery and clues as to whether the Federal Reserve will begin curbing its monetary stimulus program.
The S&P 500 tacked on 0.07% to close at 1,771.87 while the Dow added 0.13% to 15,782.91. The Nasdaq inched up 0.01% to 3,919.79.
The deal would be the second agreement between Bank of America and Freddie since 2011. The deal would largely protect the bank from any future repurchase demands from Freddie stemming from loans sold before 2012. Bank of America is hoping to settle before the end of the year, one of the people told the Journal.
5.-- Richard Fisher , president of the Federal Reserve Bank of Dallas, told CNBC on Tuesday that the central bank's monetary stimulus program can't continue forever,
"We've changed and impacted the markets because of our intervention and I understand there's sensitivity, but markets should also bear in mind that this program cannot go on forever," he said at an economic function in Melbourne, Australia.
6.-- News Corp.
News Corp. , controlled by Rupert Murdoch, reported $2.07 billion in revenue for the quarter, falling short of an average $2.18 billion estimate of eight analysts surveyed by Bloomberg. News Corp., which was reporting its first full quarter since splitting its film and television businesses in June into 21st Century Fox
7.-- Dish Network
8.-- Fewer U.S. homeowners are falling behind on their mortgage payments, bringing down the national late-payment rate on home loans in the third quarter to a five-year low, according to TransUnion, the credit reporting agency.