Here are five things you must know for Thursday, April 18:
1. -- Stock Futures Tumble Ahead of Release of Mueller Report
U.S. stock futures declined Thursday and global stocks were lower as investors adopted a cautious stance ahead of the release of the Mueller report into allegations of Russian election and news of renewed weapons tests by North Korea that threatened to unravel Donald Trump's broader Asia strategy on trade and security.
Contracts tied to the Dow Jones Industrial Average fell 29 points, futures for the S&P 500 declined 1.65 points, and Nasdaq futures were down 5.25 points.
North Korea's state media said officials had conducted a "tactical" weapons systems test, the first since Trump and Kim Jong Un met in Hanoi earlier this year, although it didn't appear to be a long-range missile capable of carrying a nuclear warhead. Nonetheless, the escalation of tensions between Washington and Pyongyang unnerved Asian markets, which ended Thursday's session with losses.
Besides the the release of the 400-page report by Special Counsel Robert Mueller into allegations that Russia interfered in the 2016 presidential election, traders on Wall Street Thursday will be focused on the first day of trading for online image board Pinterest and a boatload of corporate earnings reports.
Honeywell International (HON) - Get Report reported first-quarter earnings that were better than expected and the industrial company boosted its full-year outlook thanks to a solid performance from its aerospace division.
Travelers Cos. (TRV) - Get Report posted stronger-than-expected first-quarter earnings as the property and casualty insurer rode improved underwriting and sharply lower catastrophe losses to just under $800 million in net income.
Danaher (DHR) - Get Report reported first-quarter earnings that beat analysts' forecasts though they were well lower than a year earlier as costs related to its recent offer to purchase General Electric's (GE) - Get Report biopharma healthcare business offset revenue.
The economic calendar in the U.S. Thursday includes weekly Jobless Claims at 8:30 a.m. ET, the Philadelphia Fed Business Outlook Survey for April at 8:30 a.m., Retail Sales for March at 8:30 a.m., the PMI Composite FLASH for April at 9:45 a.m. and Business Inventories for February at 10 a.m.
2. -- Pinterest IPO Pricing Values the Company at $12.7 Billion
Pinterest's initial public offering was set at $19 a share, valuing the online image board at $12.7 billion.
The company said it was offering 75 million shares plus up to an additional 11.25 million more that underwriters have the option to purchase.
Shares of Pinterest are expected to begin trading Thursday on the New York Stock Exchange under the ticker symbol "PINS."
The IPO price of $19 was above the $15 to $17 range that Pinterest established earlier in a regulatory filing.
Zoom Video Communications, another multi-billion dollar tech company, is expected to list its shares Thursday on the Nasdaq Stock Market. Zoom shares were priced at $36 a share, above an earlier indicative range, valuing the company at more than $10 billion. It will trade under symbol "ZM."
3. -- JPMorgan Chase Makes C-Suite Changes
JPMorgan Chase (JPM) - Get Report said Chief Financial Officer Marianne Lake will step down to become head of the bank's consumer-lending operations, while Jennifer Piepszak, the company's head of card services, will be finance chief.
The changes takes effect on May 1.
Lake, who was named chief financial officer in 2012, has long been viewed as a contender to succeed Jamie Dimon as JPMorgan Chase CEO, according to The Wall Street Journal. Analysts and others monitoring the succession race believed Lake first needed experience running one of the bank's major businesses, the Journal noted.
Piepszak's move to finance chief makes her one of JPMorgan's most prominent representatives and gives her broad influence over the bank's businesses, according to the Journal.
"Marianne Lake has served with distinction as our firm's CFO and as a deeply knowledgeable and trusted partner to me and my colleagues," Dimon said in a statement. "We are fortunate to have such an extraordinary executive taking the helm of our Consumer Lending businesses."
4. -- Canopy Growth Closes In on Acquisition of Acreage Holdings
The two cannabis companies have been in talks for about two weeks and were scheduled to speak on the phone Wednesday evening to finalize the agreement, sources familiar with the matter told CNBC.
Meanwhile, a source familiar with the negotiations confirmed Wednesday to MarketWatch that a Canopy Growth deal with Acreage was "98% done," though the final price was still being negotiated. Acreage has a market cap of $2.45 billion but the deal will be worth "several billions" in Canadian dollars, the source told MarketWatch.
Canopy Growth shares jumped 6.2% to $45.51 in premarket trading Thursday after rallying in after-hours trading following the CNBC report. Acreage Holdings closed with a gain of 9% on Wednesday to $22.34.
5. -- Facebook 'Unintentionally' Uploads Emails of 1.5 Million Users
Facebook (FB) - Get Report declined 0.2% in premarket trading Thursday after the world's biggest social media company admitted to yet another potential data breach, saying it "unintentionally" uploaded of millions of email contacts.
Facebook said as many as 1.5 million new users had their email contacts uploaded since May 2016, but noted the error in which they were collected had been repaired and the information will be deleted. The potential breach, however, comes as the company attempts to fend off a move by the Electronic Privacy Information Center to have the Federal Trade Commission release privacy reports filed by Facebook since its 2011 settlement linked to allegations it deceived consumers by allowing private information to be shared and made public.
"Last month we stopped offering email password verification as an option for people verifying their account when signing up for Facebook for the first time," Facebook said in a statement. "When we looked into the steps people were going through to verify their accounts, we found that in some cases people's email contacts were also unintentionally uploaded to Facebook when they created their account."
"We estimate that up to 1.5 million people's email contacts may have been uploaded. These contacts were not shared with anyone and we're deleting them," the company said. "We've fixed the underlying issue and are notifying people whose contacts were imported. People can also review and manage the contacts they share with Facebook in their settings."