This Day On The Street
Continue to site
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

Morning Briefing: 10 Things You Should Know

NEW YORK ( TheStreet) -- Here are 10 things you should know for Thursday, Aug. 29:

1. -- U.S. stock futures on Thursday were pointing to a second day of gains on Wall Street after concerns over a military strike against Syria eased.

European shares were rising while Asian stocks finished the trading session higher. Japan's Nikkei 225 index rose 0.9%.


2. -- The economic calendar in the U.S. Thursday includes weekly initial jobless claims at 8:30 a.m. EDT, and the second estimate of second-quarter gross domestic product.


3. -- U.S. stocks on Wednesday rose as concern eased about the potential magnitude of international military action against Syria.

The S&P 500 gained 0.28% to close at 1,635.01 while the Dow Jones Industrial Average added 0.33% to finish at 14,824.51. The Nasdaq rose 0.41% to 3,593.35.


4. -- Vodafone (VOD) confirmed Thursday it is in talks with Verizon Communications (VZ - Get Report) to sell its 45% stake in their joint venture, Verizon Wireless.

The Wall Street Journal reported Wednesday that the two companies had rekindled discussions in a deal that likely would cost Verizon well more than $100 billion. The Journal report cited people familiar with the matter.

Vodafone said Thursday there is no certainty an agreement will be reached.


5. -- Ford's (F - Get Report) Flat Rock, Mich., plant will start making the Fusion Thursday, the first time the car is being made in the U.S.

Ford hired a second shift of 1,400 new workers to make the Fusion at the plant, which also makes the Mustang.

The plant will be able to produce 350,000 Fusions a year, 30% more than Ford makes at its plant in Hermosillo, Mexico, according to The Associated Press.


6. -- Campbell Soup (CPB - Get Report) is expected by Wall Street on Thursday to post fiscal fourth-quarter earnings of 42 cents a share on revenue of $1.84 billion.


7. -- One of Google's (GOOG) top Android executives, Hugo Barra, is leaving the company, AllThingsD reported.

Barra's official title was vice president of product management for Android, and he was one of the more public faces of the mobile operating system. He is leaving for a job at Xiaomi, a fast-growing Chinese phone maker, AllThingsD reported.

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
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!
SYM TRADE IT LAST %CHG
CPB $46.08 -0.69%
F $15.80 -0.66%
GES $18.04 -1.20%
VZ $49.22 -0.32%
VOD $33.94 -0.15%

Markets

DOW 17,941.68 -93.25 -0.52%
S&P 500 2,099.01 -1.39 -0.07%
NASDAQ 5,019.3140 +24.7120 0.49%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs