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Nov. 18 Premarket Briefing: 10 Things You Should Know

Stocks in this article: AAPL BA JPM CRM NDAQ NYX URBN

Here are 10 things you should know for Monday, Nov. 18:

1.-- U.S. stock futures were pointing slightly lower on Monday but Asian stocks mostly rose on reform pledges from China.

China's Shanghai Composite gained 2.9% and Hong Kong's Hang Seng jumped 2.7%. Japan's Nikkei 225 index finished the trading session fractionally lower.

European shares were declining n early trading.

2.-- The economic calendar in the U.S. Monday includes the NAHB Housing Market Index for November at 10 a.m. EST.

3.--U.S. stocks on Friday reached new record highs on expectations Federal Reserve Vice Chair Janet Yellen, tipped to be the next central bank chief, will maintain current monetary policy until economic data shows solid improvement. 

The S&P 500 gained 0.4% to close at 1,798.18, extending the index's 2013 advance to 26%. The Dow Jones Industrial Average rose 0.5% to 15,961.70 while the Nasdaq added 0.3% to finish at 3,985.97.

4.-- Boeing (BA) netted about $100 billion in orders during the first day of the Dubai Airshow.

The aerospace giant's orders totaled more than twice the value of those of its European rival Airbus, which said it took 142 orders worth about $40 billion.

Emirates ordered 150 of Boeing's planned 777X aircraft in a deal worth $55.6 billion. 

5.-- Apple (AAPL) is in talks to buy 3-D sensing company PrimeSense, following a report in Israeli publication Calcalist, reported AllThingsD, which cited several sources.

The deal isn't done yet, the sources told AllThingsD, and that its reported valuation would not represent a huge win for investors.

Calcalist estimated the value of the deal at $345 million.

PrimeSense was the original supplier for Microsoft's (MSFT) Kinect gaming device. 

6.-- JPMorgan Chase (JPM) reached a $4.5 billion settlement late Friday with 21 institutional investors in disputes over residential mortgage-backed securities (RMBS). 

As part of the deal, JPMorgan will make a binding offer to the investors in 330 different RMBS trusts issued by JPMorgan, Bear Stearns (acquired by JPMorgan in 2008) and Chase. 

The investors include Fannie Mae, Freddie Mac, BlackRock, Goldman Sachs and Pimco, among others. The trustees of the RMBS trusts, including BNY Mellon, Wells Fargo and HSBC, among others, must still approve the deal and have 60 days to reach a decision. 

The deal is the latest in a series of legal settlements over JPMorgan's sale of mortgage-backed securities in the years before the financial crisis.

7.-- Software maker (CRM) is expected by analysts on Monday to report third-quarter earnings of 9 cents a share on revenue of $1.06 billion.

8.-- The committees that control consolidated data feeds for Nasdaq OMX Group (NDAQ) and NYSE Euronext (NYX) are close to an agreement on a plan to back up one another's streams, The Wall Street Journal reported, citing people familiar with the matter.

Negotiations between the committees are under way, and an agreement could come by the end of this month, according to a person familiar with the matter.

The collaboration would strengthen one of the stock market's common points of failure, the Journal noted. The committees are also discussing other ideas that could stabilize the infrastructure of the financial exchanges.

9.-- Apparel retailer Urban Outfitters (URBN) is forecast by Wall Street to report earnings of 45 cents a share in the third quarter on sales of $770.9 million.

10.-- Peyton Manning threw for 323 yards and a touchdown Sunday night in Denver's 27-17 victory over the Kansas City Chiefs, the NFL's last undefeated team. Both teams are 9-1 and sit atop the AFC West.

-- 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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