Morning Briefing: 10 Things You Should Know

NEW YORK ( TheStreet) -- Here are 10 things you should know for Monday, June 10:

1. -- U.S. stock futures were pointing higher Monday following an upward revision to Japan's gross domestic product figure and after a mixed U.S. jobs report last week.


2. -- The economic calendar in the U.S. Monday is empty.


3. -- U.S. stocks on Friday rose after a mixed labor market report bolstered the outlook for the Federal Reserve's bond-buying stimulus program, and the notion that the world's largest economy is gradually recovering.

The S&P 500 gained 1.3% to close at 1,643.38.


4. -- Google ( GOOG) is nearing completion of a $1.3 billion deal to acquire Waze, the Israel-based mobile mapping and navigation company, according to Globes, an Israeli business publication.

Google declined to comment on the report, Globes said.

Bloomberg, citing a person with knowledge of the deal, reported that Google could announce a deal for Waze, a startup with nearly 50 million users, as early as Monday. Bloomberg put the price tag at $1.1 billion.


5. -- Carl Icahn and Southeastern Asset Management have come up with a list of candidates to become the next CEO of Dell ( DELL) should their proxy battle against Michael Dell and Silver Lake Partners succeed, Reuters reported, citing two sources close to the matter.

According to the report, these executives have been identified as possible successors to the Dell founder: Cisco director Michael Capellas, former IBM services head Michael Daniels, Oracle President Mark Hurd and Hewlett-Packard PC boss Todd Bradley, the sources told Reuters.


6. -- Edward Snowden , a 29-year-old American, has identified himself as the source of National Security Agency leaks about top-secret government programs that gather vast amounts of data from telephone and Internet companies, The Guardian and The Washington Post reported Sunday.


7. -- Apple ( AAPL) holds its Worldwide Developers Conference starting Monday in San Francisco, and although the tech giant hasn't said what it will unveil at the conference reports said the company could reveal a digital radio service and changes to the software behind its iPhones and iPads.


8. -- Texas Instruments ( TXN) is expected Tuesday to provide investors with a financial update of its second quarter in a Webcast at 5 p.m. EDT.


9. -- Lululemon Athletica ( LULU) is expected by analysts on Monday to post first-quarter earnings of 30 cents a share on revenue of $341.1 million.


10. -- The annual charity auction of a private lunch with billionaire investor Warren Buffett went for just more than $1 million Friday night, down from last year's record-setting winning bid of $3,456,789.


-- Written by Joseph Woelfel

>To contact the writer of this article, click here: Joseph Woelfel

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