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

Sept. 4 Premarket Briefing: 10 Things You Should Know

NEW YORK (TheStreet) -- Here are 10 things you should know for Thursday, Sept. 4:

1. -- U.S. stock futures were mixed and European shares struggled for direction ahead of a European Central Bank meeting and a U.S. docket filled with economic data.

Asian shares ended Thursday's session lower. Japan's Nikkei 225 index fell 0.3%.

2. -- The economic calendar in the U.S. on Thursday includes the ADP National Employment Report for August at 8:15 a.m. EDT, weekly initial jobless claims at 8:30 a.m., the trade balance for July at 8:30 a.m., second-quarter nonfarm productivity and costs at 8:30 a.m., and the ISM Services index for August at 10 a.m.

3. -- U.S. stocks on Wednesday lost momentum as the markets looked ahead to a trio of interest-rate setting results on Thursday and the big U.S. jobs report on Friday. 

The Dow Jones Industrial Average (^DJI) rose 0.06% to 17,078.28. The S&P 500 (^GSPC) declined 0.08% to 2,000.72 after reaching a record intraday high of 2,009.28. The Nasdaq (^IXIC)   declined 0.56% to 4,572.57. 

4. -- Carl Icahn has sold his entire stake in Family Dollar (FDO) , making a profit of about $200 million on the investment, Reuters reported, citing sources familiar with the matter.

Dollar Tree (DLTR) agreed in July to buy Family Dollar for $8.5 billion but the company has received a higher bid since then of $9.1 billion from Dollar General (DG) .

Icahn, the billionaire investor, became Family Dollar's largest shareholder in June, when he disclosed a 9.4% stake in the deep discount retailer and pushed the company to sell itself, Reuters noted.

At the end of July, Icahn disclosed he had reduced his position to 3.61%.

5. -- Electric carmaker Tesla (TSLA - Get Report)   is finalizing terms of a deal to build its first lithium-ion battery plant in Nevada and will make an announcement about the deal on Thursday, according to multiple reports.

Tesla is working on the details, but all signs point to Nevada as the choice for the company's $5 billion "gigafactory," a source told Reuters.

Nevada Gov. Brian Sandoval will hold a news conference on Thursday in Carson City, Nev., to make a "major economic development announcement," according to a media advisory from the state. Tesla spokesman Simon Sproule declined to give details to Reuters but confirmed Tesla officials would be at the event.

6. -- Michael Bloomberg is returning to lead the financial data and news company he founded in 1981 but left to serve three terms as New York mayor.

The company, Bloomberg LP, said Wednesday that current CEO Daniel Doctoroff will step down at the end of the year.

Doctoroff was a deputy mayor under Bloomberg. His departure makes way for Bloomberg to take back the helm of the company, of which he still owns more than 85%.

1 of 2

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
FDO $0.00 0.00%
AAPL $117.81 0.00%
TSLA $231.61 0.00%
FB $105.45 0.00%
GOOG $750.26 0.00%


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs