Here are 10 things you should know for Tuesday, Feb. 4:
1.-- U.S. stock futures were pointing to a slightly higher open Tuesday after global markets slumped the prior day, ahead of Federal Reserve speakers and factory data.
2.-- The economic calendar in the U.S. Tuesday includes factory orders for December at 10 a.m. EST.
3.-- U.S. stocks on Monday tumbled, the worst intraday performance since June 20, 2013, as a gauge of domestic manufacturing slumped and manufacturing in China weakened.
The S&P 500 plummeted 2.28% to 1,741.89, declining more than 5% from its Jan. 15 record of 1,848.38. The Dow Jones Industrial Average slumped 2.08% to 15,372.80. The Nasdaq shed 2.61% to 3,996.96. Last week, the S&P 500 rounded out its biggest January loss since 2010.4.-- Walt Disney's (DIS) interactive-media unit is preparing to lay off several hundred people despite a strong launch for its videogame "Infinity," according to people close to the company, The Wall Street Journal reported. The cuts at Disney Interactive, which has undergone multiple rounds of layoffs in recent years as it struggled to reach profitability, are expected to begin after the media giant releases its quarterly financial results Wednesday, the people said. Disney Interactive has about 3,000 employees.
Disney shares rose 1.2% to $70.84 in premarket trading on Tuesday. 5.-- Apple (AAPL) is stitching together a network of Internet infrastructure capable of delivering large amounts of content to customers, giving the company more control over the distribution of its online offerings while laying the groundwork for more traffic if it decides to move deeper into television, the Journal reported. Apple's online delivery needs have grown in the last few years, driven by its iCloud service for storing users' data and rising sales of music, videos and games from iTunes and the App Store, the Journal noted. But the iPhone maker is reported to have broader ambitions for television that could involve expanding its Apple TV product or building its own television set.
In premarket trading, Apple was 0.8%. 6.-- Toyota (TM) reported a more than fivefold jump in its quarterly profit Tuesday and raised its earnings forecast, crediting a weak yen and strong sales.
The carmaker's profit for the October-December quarter totaled a better-than-expected 525.4 billion yen ($5.2 billion), up from 99.9 billion yen a year earlier. Quarterly sales jumped 24% to 6.585 trillion yen ($64.2 billion).
The world's top selling automaker for the last two years straight, Toyota raised its profit and sales forecasts for the fiscal year ending in March.
The stock fell 1.4% to $111.20 in premarket trading on Tuesday. 7.-- Sirius XM (SIRI) said Tuesday that net income in the fourth quarter fell to $65.2 million, or 1 cent a share, from $156.2 million, or 2 cents a share, a year earlier.
Revenue rose 12% to $1 billion in the quarter.
Sirius added 411,484 net self-pay subscribers in the fourth quarter.
The stock fell 0.3% in premarket trading to $3.54. 8.-- Archer Daniels Midland (ADM) reported a fourth-quarter earnings decline of 27% on charges relating to the failed acquisition of Australia's GrainCorp.
ADM shares rose 2.2% in premarket trading. 9.-- Yum Brand's (YUM) fourth-quarter profit fell 5% because of costs related to refinancing some debt, but its adjusted results beat expectations as its KFC chain recovered from a series of setbacks in China.
The stock rose 5.4% in premarket trading to $69.75. 10.-- For the fourth time in five years, the Super Bowl set a record for the most-watched television event in U.S. history, drawing 111.5 million viewers on Sunday for the Seattle Seahawks' 43-8 victory over the Denver Broncos.
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