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Nov. 5 Premarket Briefing: 10 Things You Should Know

NEW YORK (TheStreet) -- Here are 10 things you should know for Tuesday, Nov. 5:

1.-- U.S. stock futures on Tuesday were pointing to losses on Wall Street and following European stocks lower amid tempered forecasts for eurozone growth.

Britain's FTSE 100 declined 0.1% and Germany's DAX fell 0.2% in early trading Tuesday. Asian stocks ended the trading session mixed. Japan's Nikkei 225 index rose 0.2%.

2.-- The economic calendar in the U.S. Tuesday includes the ISM Services index for October at 10 a.m. EST.

3.--U.S. stocks on Monday finished with gains amid higher profit from cereal maker Kellogg (K) and a rally in steel stocks sparked by an upbeat industry report from Goldman Sachs. 

The S&P 500 gained 0.4% to close at 1,767.98 while the Dow Jones Industrial Average added 0.2% to finish regular trading at 15,639.57. The Nasdaq closed 0.4% higher at 3,936.59.

Must Read: Nov. 4 Premarket Briefing: 10 Things You Should Know

4.-- Twitter lifted the range of its initial public offering to $23 to $25 a share, up from a prior range of $17 to $20 a share, but kept the offering size at 70 million shares.

Twitter, the micro-blogging site, will close its books a day early, signaling strong demand for the most closely watched tech debut since Facebook (FB) last year, according to a report from Reuters.

Sources told Reuters that demand among institutional investors was so strong that the final pricing is likely to go even higher than the new range announced on Monday. 

5.-- Tesla (TSLA - Get Report), the maker of the all-electric Model S sedan, is expected by Wall Street on Tuesday to report third-quarter profit of 11 cents a share on revenue of $534.6 million.

The stock jumped 8% on Monday to $13.03 in anticipation of strong Tesla sales.

6.-- Talks between JPMorgan Chase (JPM) and the Justice Department are heating back up after several disagreements threatened to scuttle a deal between the parties last month, people close to the talks told The Wall Street Journal.

Comprehensive final terms haven't been reached, but several people said it was possible they could be agreed to this week, the Journal reported. The $13 billion deal would resolve a number of probes into the bank's sale of mortgage bonds during the housing boom.

7.-- Google (GOOG - Get Report) is opening on Tuesday Helpouts, a how-to shop that will sell expert advice on everything from cosmetics to cooking in live video sessions streamed on computers and smartphones.

Helpouts, which will begin taking calls for help Tuesday, is offering initially to connect people with experts in eight different categories: art and music; computers and electronics; cooking; education and careers; fashion and beauty; fitness and nutrition; health; and home and garden.

The fees will be set by each expert, with 20% of the revenue going to Google for most video sessions. 

8.-- Lael Brainard, the Treasury Department's top international official, is stepping down from her post on Friday amid reports she is to be nominated for a seat on the Federal Reserve Board. 

9.-- 21st Century Fox (FOXA), the entertainment media company controlled by Rupert Murdoch, is expected by analysts on Tuesday to report fiscal first-quarter earnings of 35 cents a share on revenue of $6.8 billion.10.-- "Call of Duty: Ghosts," the latest installment from Activision's (ATVI) popular series of first-person shooter games, was launched on Tuesday.

-- Written by Joseph Woelfel

To contact the writer of this article, click here:Joseph Woelfel

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