This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Morning Briefing: 10 Things You Should Know

Stocks in this article: AAPL BA JPM F GM

NEW YORK ( TheStreet) -- U.S. stock futures were pointing higher Tuesday following a report Monday that showed an improvement in U.S. manufacturing.

European stocks were slipping while Asian shares finished Tuesday's trading session mixed. Japan's Nikkei 225 index closed 0.1% lower at 8,786.05.


The economic calendar in the U.S. Tuesday includes Redbook's Retail Sales Index of department and chain store sales for September at 8:55 a.m. EDT.


U.S. stocks on Monday finished mixed as a downbeat speech by Federal Reserve Chairman Ben Bernanke knocked stocks off early highs.

Stocks were higher early Monday as investors cheered data showing that economic activity in the manufacturing sector expanded in September.

The Dow Jones Industrial Average rose 78 points, or 0.58%, to close at 13,515.


JPMorgan Chase (JPM - Get Report) is reportedly being accused of fraud by New York Attorney General Eric Schneiderman.

According to The Wall Street Journal, Schneiderman has filed a civil complaint against the bank related to its alleged role in the sale of toxic residential mortgage-backed securities.

The suit relates to billions of dollars worth of subprime mortgage securities issued by Bear Stearns, which JPMorgan later bought when it fell into distressed straits in 2008.

J.P. Morgan Chase spokesman Joseph Evangelisti told the newspaper the bank intends to contest the allegations, and that it is "disappointed" that the attorney general's office "decided to pursue its civil action without ever offering us an opportunity to rebut the claims."


Senate leaders are working on a plan for dealing with the "fiscal cliff" facing the U.S. in January, opting to try to use a post-election session of Congress to reach agreement on a comprehensive deficit reduction deal rather than a short-term solution, The New York Times reported.


Samsung can sell the Galaxy Tab 10.1 in the U.S. after a U.S. court removed a temporary sales ban against the device won by Apple (AAPL - Get Report) in a patent dispute, Reuters reported.

"We are pleased with the court's action today, which vindicates our position that there was no infringement of Apple's design patent and that an injunction was not called for," Samsung in a statement.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,191.37 -195.84 -1.13%
S&P 500 2,002.16 -27.39 -1.35%
NASDAQ 4,637.9940 -43.5030 -0.93%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs