Updated from 5:58 a.m. EST
If you'd like to receive "5 Things" in your email inbox every morning, please register for TheStreet Alerts and follow me.
Here are five things you must know for Friday, Feb. 17:
1. -- U.S. stock futures fell Friday and shares in Asia traded lower following declines on Wall Street and as the dollar firmed. European stocks turned mixed after falling earlier in the session.
Wall Street's longest winning streak in a quarter century came to a close on Thursday as investors took a breather after five days of records.
The S&P 500 fell 0.09% and the Nasdaq fell 0.08%. The Dow Jones Industrial Average recorded a small gain of 0.04%, its sixth consecutive record close.
The U.S. dollar index, which had dropped for two days amid a lack of detail in the Trump administration's economic plans, most specifically on tax reform, rebounded modestly on Friday, up 0.2% to 100.69.
Donald Trump said Thursday in a press conference that his team would submit a health care proposal in March, with a highly anticipated tax reform plan to be submitted afterward.
"The future outlook is clouded by rising political uncertainties and waves of anti-globalization sentiments from the U.S. and Europe. As U.S. reaches full employment and approaches closer to the Fed's inflation target, a tighter Federal monetary policy is expected to lead to a stronger U.S. dollar in the months ahead. This might worry investors," Margaret Yang Yan, a market analyst at CMC Markets in Singapore, told the Associated Press.
The economic calendar in the U.S. on Friday includes Leading Indicators for January at 10 a.m. EST and the weekly Baker Hughes Rig Count at 1 p.m.
2. -- Shares of Samsung (SSNLF) fell sharply Friday after its most senior executive was detained by authorities in Seoul amid charges of influence peddling in a nationwide scandal that has led to the impeachment of South Korean President Park Geun-hye.
Jay Y. Lee, vice chairman of the executive board, was taken into custody after prosecutors sought a warrant for his detention and said he will be charged with several offenses including bribery, embezzlement and perjury. Lee, 48, has been the subject of an investigation into a cash-for-influence scandal that brought down Park Geun-hye late last year.
Vice Chairman Lee, who has effectively been in charge of the Samsung Group since his father (Chairman Lee Kun-hee) was incapacitated by a heart attack in 2014, is accused of directing 43 billion won ($37 million) to entities linked to Choi Soon-sil, a confidante of President Park.
The payments were allegedly made to help win government approval of a 2015 merger between Samsung holding company Cheil Industries and construction firm Samsung C&T Corp., a move that solidified Lee's control over Samsung.
The arrest comes as Samsung is grappling with an increasingly competitive smartphone market and attempting to put the ill-fated release of its Galaxy 7 behind it.
3. -- Apple (AAPL) - Get Apple Inc. (AAPL) Report will begin assembling in the coming months its lower-priced iPhone SE models at a contract manufacturer's plant in the southern Indian technology hub of Bengaluru, a source told Reuters.
Apple's Taiwanese manufacturing partner, Wistron, is setting up a plant in Bengaluru to focus solely on assembling iPhones, a separate source told Reuters earlier this month.
India is the world's fastest growing major mobile market, where handsets far cheaper than Apple's iPhones dominate. To lower prices, Apple has been seeking to set up local production and has been in talks with the Indian federal government regarding issues such as tax concessions, Reuters reported.
Apple is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer and the AAP team buys or sells (AAPL) - Get Apple Inc. (AAPL) Report ? Learn more now.
4. -- Donald Trump on Friday will visit Boeing's (BA) - Get Boeing Company Report complex in North Charleston, S.C., where the 787 Dreamliner is manufactured. Trump will be there to see Boeing roll out the first 787-10 model.
The president's visit comes two days after production workers at the plant rejected an effort to unionize. Trump's visit also comes two months after he assailed Boeing for the high costs of Air Force One jets, which Boeing builds.
Trump is expected to make remarks about 12:30 p.m.
5. -- Profit and sales at Deere (DE) - Get Deere & Company Report in the construction and agricultural equipment maker's fiscal first quarter topped estimates and the stock rallied in premarket trading.
Deere said it expects revenue growth in 2017 of 4%, higher than forecasts.
J.M. Smucker (SJM) - Get J.M. Smucker Company (SJM) Report reported adjusted earnings in its fiscal third quarter of $2 a share vs. $2.05 a year earlier. The maker of jams and jellies said it expects adjusted earnings in 2017 of $7.60 to $7.70 a share; it previously forecast earnings of $7.60 to $7.75 a share. The stock was down slightly in premarket trading.