September 30 Premarket Briefing: 10 Things You Should Know

NEW YORK (TheStreet) -- Here are 10 things you should know for Tuesday, Sept. 30:

1. -- U.S. stock futures were rising on Tuesday ahead of data on home prices and consumer confidence.

European stocks were mainly in positive territory Tuesday, as investors welcomed a decline in inflation and steady unemployment in the eurozone two days before the next monetary policy meeting in Frankfurt.

2.
-- The economic calendar in the U.S. on Tuesday includes the Case-Shiller 20-city Index for July at 9 a.m. EDT, Chicago PMI for September at 9:45 a.m., and consumer confidence for September at 10 a.m.

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3. -- U.S. stocks on Monday settled in the red as the S&P 500 heads to a monthly decline, its first since March.

The S&P 500 dipped 0.25% to 1,977.80, extending its September decline to 1.3%. The broad market index hasn't had a negative month since losing 0.1% in March. The Dow Jones Industrial Average fell 0.25% to 17,071.22 while the Nasdaq was off 0.14% to 4,505.85.

4. -- Apple (AAPL) said Tuesday the iPhone 6 and iPhone 6 Plus would go on sale in China on Oct. 17.

Apple received approval from China's Ministry of Industry and Information Technology after it promised never to install "backdoors" to give other governments access to users' information.

Approval for use of the iPhone 6 on Chinese networks was granted after the tech giant "promised 'it never constructed a so-called 'backdoor' for any government entity of any country in any product or service,' and moreover 'never will'," the Chinese regulator said in a statement.

Meanwhile, the European Union's competition watchdog said tax rebates that Ireland granted Apple appear to amount to illegal state aid and may have to be recouped.

In a letter to the Irish government published Tuesday, the 28-nation bloc's executive commission said the tax treatment granted to the tech giant raises "doubts about the compatibility" with EU law.

5. -- Ford (F) said Monday it expects a pretax profit of around $6 billion this year, down from its previous guidance of $7 billion to $8 billion.

Chief Financial Officer Bob Shanks said record profits in North America aren't enough to offset trouble in South America, where the automaker expects to lose $1 billion this year, and Russia, where falling sales and the rapid deterioration of the ruble took the company by surprise. Warranty costs -- including a $500 million charge for last week's recall of 850,000 vehicles for defective air bags -- are also higher than expected.

Shanks said Ford expects a pretax profit of $8.5 billion to $9.5 billion in 2015, based partly upon an expected recovery in South America and improvement in warranty costs. The company also plans fewer vehicle introductions in 2015, which will cut costs. Ford said it would introduce 23 vehicles worldwide this year; it plans to introduce 16 next year.

6. -- Softbank's discussions to acquire DreamWorks Animation (DWA) have cooled, The Wall Street Journal reported, citing people familiar with the matter.

It wasn't immediately clear what had happened between Saturday, when the talks were under way, and Monday. It remained possible that negotiations could restart, two of the people told the Journal. The two sides could ultimately strike a deal other than an outright takeover, perhaps some kind of content partnership, one of the people said.

Shares of DreamWorks, which soared 26% on Monday, tumbled in after-hours trading following the Journal report.

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7. -- Morningstar downgraded Pimco Total Return Fund to "bronze" from "gold" following the departure of Bill Gross "because of the resulting uncertainty regarding outflows and the reshuffling of management responsibilities."

Gross quit Pimco on Friday and announced he was joining Janus Capital (JNS) .

Pimco named Dan Ivascyn as its new "group chief investment officer" to replace Gross.

"The fund's Bronze Morningstar Analyst Rating reflects Morningstar's high level of confidence in PIMCO's resources and overall abilities but also the uncertainty as to exactly how all of these parts will mesh in the wake of Gross' departure," Morningstar said.

8. -- Walgreen (WAG) , the drugstore giant, is forecast on Tuesday to report fiscal fourth-quarter earnings of 74 cents a share on revenue of $19.02 billion.

9. -- Boeing (BA)  plans to move most of its defense and support-related services from Washington state to cities that include Oklahoma City and St. Louis.

The aerospace giant said the moves are part of efforts to improve the competitiveness of the Boeing Defense, Space & Security unit.

The company said about 900 jobs could move to Oklahoma City and up to 500 to St. Louis in about three years. About 2,000 employees could be affected by the move.

10. -- Supermarket chain Supervalu (SVU) said card data at its stores may be at risk in another hack.

Supervalu and Albertson's said that in late August or early September, malicious software was installed on networks that process credit and debit card transactions at some of their stores.

The companies also disclosed a data breach in August. They said the two incidents are separate.

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-- Written by Joseph Woelfel

To contact the writer of this article, click here: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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