This Day On The Street
Continue to site
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

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 (VOD), the U.K. mobile company, confirmed Wednesday it has offered to buy Germany's biggest cable television company, Kabel Deutschland.

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 (S) shareholders vote for the sweetened offer from Japan's Softbank.

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 (BA - Get Report) aircraft being grounded for four months. The 787s returned to commercial service last month.

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 (VZ), which was named last week as the phone company the government had ordered to turn over daily records of calls made by all its customers.

8. -- PVH (PVH - Get Report), the clothing maker, is expected by analysts on Wednesday to post first-quarter earnings of $1.35 a share on revenue of $1.91 billion.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr 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

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
BA $130.89 -1.21%
HRB $20.21 -0.39%
PVH $95.54 -0.43%
S $3.47 -5.45%
VOD $32.13 -1.59%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs