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Nov. 12 Premarket Briefing: 10 Things You Should Know

Stocks in this article: BAC NWSA DISH VOD

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.

--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.

4.-- Bank of America (BAC)  and  Freddie Mac are in settlement talks to resolve disputes over more than $1.4 billion in faulty mortgages Freddie has said Bank of America should have to take back, The Wall Street Journal reported, citing people familiar with the matter.

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.  (NWSA), the owner of the Journal, posted fiscal first-quarter sales that missed analysts' forecasts, sparking investor concern about its legacy print business.

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 (FOXA), said that free cash flow for the quarter was negative $10 million.

7.-- Dish Network (DISH) is expected by Wall Street on Tuesday to report third-quarter earnings of 43 cents a share on revenue of $3.58 billion.

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.

The percentage of mortgage holders at least two months behind on their payments fell in the third quarter to 4.09% from a revised 5.33% a year earlier and 4.32% in the second quarter, according to TransUnion.

The last time the mortgage delinquency rate was lower was the third quarter of 2008.

9.-- U.K. cellphone giant Vodafone  (VOD) said Tuesday it plans to invest 7 billion pounds ($11.2 billion) over two years to bolster its competitiveness amid the move to 4G technology.

Vodafone reported Tuesday profit attributable to shareholders of 17.95 billion pounds in the half year through September, a reversal from a year-earlier loss of 1.98 billion pounds.

10.-- Fewer than 50,000 people had successfully navigated, the troubled federal health care Website, and enrolled in private insurance plans as of last week, two people familiar with the matter told the Journal, citing internal government data.

The Obama administration's target for October was 500,000 enrollees. The Web site launched on Oct. 1.

-- Written by Joseph Woelfel

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

To submit a news tip, send an email

Copyright 2013 Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

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