June 6 Premarket Briefing: 10 Things You Should Know

Updated from 6:50 a.m. EDT

Here are 10 things you should know for Friday, June 6:

1. -- U.S. stock futures were higher and European stocks rose following Thursday's stimulus announcements by the European Central Bank.

Asian shares ended Friday's session mostly lower. Japan's Nikkei 225 closed nearly flat., 

2. -- The economic calendar in the U.S. on Friday includes the nonfarm payrolls report for May at 8:30 a.m. EDT. Nonfarm payrolls are expected to have increased 218,000, down from April's gain of 288,000, according to economists surveyed by Reuters. Consumer credit for April is due at 3 p.m.

3. -- U.S. stocks on Thursday rose to record heights on Thursday as markets cheered the ECB's unprecedented moves to help stimulate the eurozone economy.

The S&P 500 closed 0.65% higher to 1,940.46, a record-making level after robust gains over the previous month. The Dow Jones Industrial Average gained 0.57% to 16,833.4. The Nasdaq increased 1% to 4,296.23.

4. -- Bank of America (BAC) is in talks to pay at least $12 billion to settle civil probes by the Justice Department and a number of states into the bank's alleged handling of shoddy mortgages, The Wall Street Journal reported, citing people familiar with the negotiations..

At least $5 billion of that amount is expected to go toward consumer relief consisting of help for homeowners in reducing principal amounts, reducing monthly payments and paying for blight removal in struggling neighborhoods, the people told the newspaper. 

The stock fell 0.5% in premarket trading to $15.36.

5. -- U.S. authorities negotiating with BNP Paribas over alleged sanctions violations at one point suggested that France's biggest bank pay a penalty as high as $16 billion, Reuters reported, citing people familiar with the matter.

Reuters said a $16 billion settlement would have pushed BNP's penalty above the biggest ever for a bank -- JPMorgan Chase (JPM), which paid $13 billion last year to resolve a number of civil mortgage-related allegations.

6. -- General Motors (GM) shares fell 0.7% on Thursday to $36.27 following CEO Mary Barra's pledge that the automaker never will again repeat the mistakes surrounding its ignition switch problems, which led to at least 13 deaths, 47 crashes, the recall of 2.6 million cars and then to a worldwide recall of 15.8 million cars with more to come.

Barra's public events on Thursday were accompanied by the release of a highly critical 300-page report detailing the results of an internal investigation by former U.S. attorney Anton Valukas. 

The stock fell another 0.3% in premarket trading on Friday.

7. -- Walmart (WMT), the world's largest retailer, is scheduled to hold its annual shareholders' meeting beginning at 8 a.m. on Friday.

Walmart's Doug McMillon, named CEO in February, has to deal with a decline of five consecutive quarters in U.S. sales as well as a fall in shoppers. 

8. -- VeriFone Systems (PAY), the maker of debit- and credit-card payment machines for retailers and other businesses, narrowed its loss in the fiscal second quarter as revenue increased.

It also plans to cut about 500 jobs by the end of the year, or roughly 9% of its work force.

Adjusted earnings in the quarter were 37 cents a share, ahead of estimates of 32 cents.

9. -- Diamond Foods (DMND) posted third-quarter adjusted earnings of 11 cents, below Wall Street estimates of 17 cents.

The loss for the quarter was $105.6 million, or $3.63 a share, wider than the year earlier's loss of $15.6 million, or 71 cents a share.

Revenue rose 3.2% in the quarter to $190.9 million. 

10. -- Vodafone (VOD), one of the world's largest cellphone companies, revealed the scope of government snooping into phone networks, saying authorities in some countries are able to directly access an operator's network.

The company outlined the details in a report that is described as the first of its kind, covering 29 countries in which it directly operates, The Associated Press reported.

Vodafone said Friday that in a small number of countries, authorities "must have direct access to an operator's network."

>> Read More: Intel Turns to Rockchip to Scale the Great Wall of China's Tablet Market

>> Read More: Will the eBay Password Breach Finally Scare Off Investors? Not Likely

>> Read More: Why Lockheed Martin, Not Elon Musk, Is Poised to Win in Space

-- Written by Joseph Woelfel

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Copyright 2014 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

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