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Aug. 29 Premarket Briefing: 10 Things You Should Know

NEW YORK (TheStreet) -- Here are 10 things you should know for Friday, Aug. 29:

1. -- U.S. stock futures were higher Friday ahead of data on personal spending and consumer confidence.

European stocks rose as traders bet on renewed economic stimulus from the European Central Bank in the coming weeks following weaker eurozone data.

Asian shares finished mixed on Friday.

2. -- The economic calendar in the U.S. on Friday includes personal income and personal spending for July at 8:30 a.m. EDT, Chicago PMI for August at 9:45 a.m., and the University of Michigan's final sentiment index for August at 9:55 a.m.

3. -- U.S. stocks on Thursday closed lower as investors fretted about renewed geopolitical risks, which also fed into concerns that there have been increased signs of deflationary spiral dangers coming out of Europe.

TheStreet's Jonathan Marino says the supermarket space is on the mind of many M&A strategists; see why Kroger is Friday's Chart of the Day:

WATCH: More market update videos on TheStreet TV

The Dow Jones Industrial Average (^DJI) fell  0.25% to 17,079.57. The S&P 500 (^GSPC)  declined 0.17% to 1,996.74. The Nasdaq (^IXIC)  fell 0.26% to 4,557.69.

4. -- Google (GOOGL - Get Report) is building a a fleet of drones to speed up package delivery.

Google calls its foray into drones "Project Wing."

Google's program announced Thursday escalates the search giant's technological arms race with rival (AMZN) , which also is experimenting with self-flying drones for package delivery.

The company said it expects it to take several more years before its fleet of drones is fully operational.

5. -- Apple (AAPL - Get Report)  is working with Dutch chipmaker NXP to add secure short-range wireless technology into the next iPhone, enabling new pay-by-touch capabilities, the Financial Times reported.

Several people familiar with Apple's plans told the newspaper that NXP will provide the secure near-field communications chips that will allow an iPhone to connect with payment terminals or ticketing systems, as well as opening up the possibility for other applications in the "Internet of things." 

Apple announced Thursday a product launch event for Sept. 9 when it's expected to unveil new iPhones. 

6. -- Johnson & Johnson (JNJ) plans to seek a buyer for Cordis, its business that makes medical devices including stents and catheters, The Wall Street Journal reported, citing said people familiar with the matter

The sales process for Cordis is at an early stage, the people said. The business, which could fetch between $1.5 billion and $2 billion, is expected to attract interest from private-equity firms and other health care companies, one of the people told the Journal.

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