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

Dec. 6 Premarket Briefing: 10 Things You Should Know

Here are 10 things you should know for Friday, Dec. 6: 

1.-- U.S. stock futures were rising Friday ahead of the U.S. jobs report for November.

Nonfarm payrolls are expected to have increased by 180,000 last month, according to a Reuters survey of economists, down from a gain of 204,000 jobs in October.

European shares were trading higher. Asian stocks ended Friday's session mixed. Japan's Nikkei 225 index rose 0.8%.

2.-- The economic calendar in the U.S. Friday includes the nonfarm payrolls report for November at 8:30 a.m. EST, personal income and personal spending for October at 8:30 a.m., and the University of Michigan Sentiment Index for December at 9:55 a.m.

3.-- U.S. stocks on Thursday fell for a fifth consecutive session on Thursday as labor market improvement and better economic growth raised the possibility of the Federal Reserve cutting back on economic stimulus in December.

The S&P 500 fell 0.43% to 1,785.03 while the Dow Jones Industrial Average declined 0.43% to 15,821.51. The Nasdaq dipped 0.12% to 4,033.16.

4.-- Nelson Mandela, the former South African president, died Thursday at age 95. 

The country's first black president died at his home in the Johannesburg suburb of Houghton. Family members had been gathering at the home in recent days. Mandela had been receiving treatment for a lung infection.

Must Read: Dec. 5 Premarket Briefing: 10 Things You Should Know

After spending 27 years in prison during the country's apartheid era, Mandela was released in 1990 and then elected president following the country's first multiracial and democratic election. Mandela was awarded the Nobel Peace Prize in 1993.

President Barack Obama paid tribute to Mandela during a White House press conference shortly after the news broke. "He achieved more than could be expected of any man," Obama said. "We have lost one of the most influential, courageous and profoundly good human beings that any of us will share time with on this earth."

-- J.C. Penney (JCP - Get Report) said Thursday the Securities and Exchange Commission is looking into its liquidity, debt and other financial matters.

The struggling retailer disclosed in a regulatory filing that it received a letter from the SEC in October requesting information on its liquidity, cash position, debt and equity financing, as well as its offering of common stock announced in September.

The company said it's cooperating with the SEC and providing the requested information. A representative for the retailer declined further comment for The Associated Press.

Shares of J.C. Penney fell almost 3% in after-hours trading.

6.-- The Los Angeles city attorney sued Wells Fargo (WFC - Get Report)WFC and Citigroup (C)C on Thursday, alleging the banking giants engaged in mortgage discrimination that led to a wave of foreclosures in minority communities during the housing crash.

In the twin lawsuits, filed in federal court, the city attorney alleges a "continuing pattern of discriminatory mortgage lending practices" in Los Angeles that violate the federal Fair Housing Act. 

Wells Fargo and Citigroup both said the suits were meritless.

7. -- Chevron's (CVX)CVX $6.4 billion gas project in China is facing further delays due to disagreements with partner PetroChina over how to develop the technically tricky fields, three industry sources told Reuters.

The Chuandongbei project, Chevron's largest investment in China, now isn't expected to deliver first gas until the second half of 2014, nearly seven years after the companies securec a 30-year deal to produce 7.6 billion cubic meters of gas a year, Reuters reported.

8.-- Spotify, the Sweden-based music company with 6 million paying subscribers and 20 million active users worldwide, is planning a free, ad-supported version of its streaming-music service on mobile devices, The Wall Street Journal reported, citing people familiar with the matter. Spotify previously made mobile users pay a monthly fee.

Spotify has reached licensing deals with all three of the global music companies to use their recordings on the new service, the people told the Journal.

9.-- American Eagle Outfitters (AEO) is expected by analysts to report third-quarter earnings of 19 cents a share on revenue of $844.8 million.

10.-- Florida State quarterback and Heisman hopeful Jameis Winston won't face any charges in a sexual assault case, mostly because there were too many gaps in his accuser's story, State Attorney Willie Meggs said Thursday.

-- 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.

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
JCP $8.26 -7.50%
WFC $49.02 0.12%
AAPL $92.72 -0.56%
FB $119.49 1.43%
GOOG $711.12 1.38%


Chart of I:DJI
DOW 17,740.63 +79.92 0.45%
S&P 500 2,057.14 +6.51 0.32%
NASDAQ 4,736.1550 +19.0610 0.40%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs