Update from 6:05 a.m. ET
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Here are five things you must know for Thursday, Aug. 10:
1. -- U.S. stock futures were lower on Thursday, Aug. 10, and European stocks extended their declines amid continued jitters over the escalating military tensions between North Korea and the U.S.
Investors on Thursday, much like they did on Wednesday, Aug. 9, when U.S. stocks finished the session to the downside, were moving to safe-haven assets. Gold was trading at 1,284.80 an ounce, up 0.4%, while the dollar index, which measures the greenback's strength against a basket of six global currencies, gained 0.27% to 93.75.
"Risk-averse sentiment is dominating global equities markets, and U.S. indices have retraced from record levels over the last two days. Although it is considered highly unlikely that this tension will escalate into a nuclear war, the market still needs to see how President Trump will eventually deal with his advocating 'fire and fury' against North Korea's threat," said Margaret Yang Yan, market analyst at CMC Markets Singapore.
The economic calendar in the U.S. on Thursday includes weekly Jobless Claims at 8:30 a.m. ET, and the Producer Price Index for July at 8:30 a.m.
William Dudley, the president of the New York Federal Reserve Bank, is scheduled to deliver opening remarks and join a panel of New York Fed economists to answer questions after the presentation of the Economic Press Briefing on Wage Inequality in the Region in New York at 10 a.m.
2. -- Earnings reports are expected Thursday from Kohl's Corp. (KSS) - Get Report , Macy's Inc. (M) - Get Report , Nordstrom Inc. (JWN) - Get Report , News Corp. (NWSA) - Get Report , Blue Apron Holdings Inc. (APRN) - Get Report , Nvidia Corp. (NVDA) - Get Report and Snap Inc. (SNAP) - Get Report .
3. -- Tesla Inc. (TSLA) - Get Report is developing a long-haul, electric semi-truck with autonomous driving capabilities that move in "platoons" and automatically follow the direction of a lead vehicle, Reuters reported.
The electric carmaker is getting closer to testing a prototype, according to an email discussion of potential road tests between the car company and the Nevada Department of Motor Vehicles, which was seen by Reuters.
Officials from California will meet on Wednesday to "talk about Tesla's efforts with autonomous trucks," state DMV spokeswoman Jessica Gonzalez told Reuters.
Facebook said Watch will be available on mobile, on desktop and laptop, and in its TV apps. The company said it would be introducing Watch to a limited group of U.S. user for now but plans to "bring the experience to more people soon."
Facebook's original video content will be produced exclusively for it by partners, who will earn 55% of ad break revenue while Facebook keeps 45%, according to a a report by TechCrunch.
By hosting original programming, Facebook could boost ad revenue and give people a reason to frequently return to the News Feed for content they can't get anywhere else, TechCrunch noted.
5. -- Shares of Altice NV (ATCEY) surged the most in two months in early trading on Thursday after the French telecommunications and cable group controlled by billionaire Patrick Drahi raised its stake in SFR Group SA (NUMCF) amid continued speculation it may be preparing a takeover bid for Charter Communications Inc. (CHTR) - Get Report .
Altice raised its stake in SFR, the French wireless operator, to more than 95% and said it's planning a full buyout offer for the remaining shares. The deal by TheStreet's calculations would be worth about €760 million ($890 million).
The move by Altice comes amid speculation that it will make a bid for Charter Communications, as it looks to advanced the company's position in the U.S. The Drahi-controlled group is lining up a potential $185 billion bid for Charter, the Financial Times reported, citing sources close to the deal, pitting itself against Softbank Group Corp. (SFTBY) .
Shares of Charter rose 2.9% on Wednesday, Aug. 9, to $400.90.
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