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
TheStreet Open House

June 19 Premarket Briefing: 10 Things You Should Know

Here are 10 things you should know for Thursday, June 19:

1. -- U.S. stock futures were rising marginally on Thursday after the Federal Reserve signaled that interest rates would remain at record lows for a "considerable time." 

European stocks rose while Asian stocks ended Thursday's session mixed. Japan's benchmark Nikkei 225 jumped 1.6%.

2. -- The economic calendar in the U.S. on Thursday includes weekly initial jobless claims at 8:30 a.m. EDT, the Philadelphia Fed Index for June at 10 a.m., and leading indicators for May at 10 a.m.

3. -- U.S. stocks on Wednesday finished with gains after remarks from the Federal Open Market Committee infused U.S. markets with renewed vigor. The S&P 500 booked a new record high, fueled by the Fed's assurances the economic recovery still has legs. 

The S&P 500 rose 0.77% to 1,956.98 and the Dow Jones Industrial Average gained 0.58% to 16,906.62. The Nasdaq rose 0.59% to close at 4,362.84.

4. -- The board of American Apparel (APP) voted to oust founder Dov Charney as chairman and notified him of its intent to remove him as president and CEO, following a contractually required 30-day period before he can be terminated.

The board's statement said that the proposed firing is for cause, and cited an "ongoing investigation into alleged misconduct," without giving details.

Charney has been the subject of several lawsuits alleging inappropriate sexual conduct with female employees. He has acknowledged having sexual relationships with workers, but said they were consensual.

5. -- Oracle (ORCL) is forecast by Wall Street on Thursday to report fiscal fourth-quarter earnings of 95 cents a share on revenue of $11.48 billion.

6. -- Facebook's (FB) Web site went down briefly on Thursday, affecting both desktop and mobile phone users.

The outage, which affected users from around the world, lasted about 17 minutes. The cause of the outage wasn't known.

A Facebook spokesperson told CNBC that it had "experienced an issue" that prevented people from posting to the site for a brief period of time.

"We resolved the issue quickly, and we are now back to 100%. We're sorry for any inconvenience this may have caused," the spokesperson said.

7. -- General Electric (GE) will propose selling its rail signaling business to Alstom's transport arm and have Alstom remain a shareholder of its power grid business in an improved offer for the energy arm of Alstom, French daily Le Figaro reported.

GE France declined to comment to Reuters on Le Figaro report.

General Electric CEO Jeff Immelt is due on Thursday to unveil to the French government and unions an improved offer for the energy arm of Alstom, a source close to the U.S. conglomerate told Reuters.

8. -- Smartphone maker BlackBerry (BBRY) is expected by analysts to post a first-quarter loss of 26 cents a share on revenue of $963.2 million. 

9. -- Shares of Amazon.com (AMZN) rose 2.7% on Wednesday after the company released the Fire phone, a new smartphone that will be closely tied to the products and services it sells via its new Firefly feature. It also has the ability to render images in 3-D. 

10. -- TE Connectivity, the Swiss company formerly known as Tyco Electronics, reached a deal to buy Measurement Specialties (MEAS), a  sensor maker, for about $1.7 billion, including debt.

Larry Ellison Wants to Make Oracle King of the Cloud

Apple Unveils Latest iMac, Starting at $1,099

United Leads in China but American and Delta Want Bigger Shares

-- Written by Joseph Woelfel

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

To submit a news tip, send an email to:tips@thestreet.com.

Follow @josephwoe58

Copyright 2014 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs