Updated from 7 a.m.
NEW YORK (TheStreet) -- Here are 10 things you should know for Thursday, June 11:
1. -- U.S. stock futures are rising on strong-but-not-too-strong jobless claims and retail sales data.
Asian stocks rose. In Japan, the Nikkei 225 and Topix both jumped more than 1%. In China, May industrial output gained steam. The Shanghai Composite and Hong Kong's Hang Seng both rose.
2. -- The economic calendar in the U.S. on Thursday includes initial jobless claims at 8:30 a.m., retail sales data at 8:30 a.m., import and export prices at 8:30 a.m., and business inventory numbers at 10 a.m.
3. -- U.S. stocks on Wednesday rose sharply as crude oil rose to more than $61 a barrel and Greece's debt problems seemed resolvable.
4. -- There were 279,000 initial jobless claims last week, according to data released by the Department of Labor. Economists at Econoday predicted that 275,000 new unemployment claims were made last week, down from the prior week's count of 277,000.
Jobless claims have been on a downward trajectory, indicating a strengthening labor market. The Federal Reserve may be more inclined to raise rates sooner if unemployment numbers are lower.
5. -- Milwaukee-based conglomerate Johnson Controls (JCI - Get Report) is considering a breakup to increase shareholder value. The industrial parts manufacturer said it could spin off its auto parts unit into a separate business. The auto parts division pulled in $22 billion in revenue for the 2014 fiscal year. The company has 170,000 employees overall.
Johnson Controls stock was level in premarket trading.
6. -- In preparation for their breakup into two companies, eBay (EBAY) and PayPal have revised their terms of service -- and received pushback on what some users view as overreaching by the companies. The new eBay terms say that the auction Web site can call or text its 157 million users on either phone numbers they have supplied eBay or that eBay has obtained by unspecified other means. New York officials have contacted eBay with objections to the terms.
In premarket trading, eBay stock was down 0.41%. PayPal's IPO is expected in the third quarter of this year.
Qualcomm was an early investor in Xiaomi, which described the hire as a sign of cooperation.
8. -- Clothing maker J. Crew is laying off 175 people. The fashion retailer has seen sales fall as buyers focus on fast fashion sellers like H&M (HNNMY) and Forever 21. For J. Crew stores open for at least a year, sales fell by 10% for the most recent quarter, compared to sales a year ago. The company is owned by Chinos Holdings.
9. -- Jack Ma of Alibaba (BABA - Get Report) predicted that his Chinese e-commerce company could see $1 trillion in transactions within five years. That is more than double the most recent annual transaction volume of $390 billion for the network of online businesses. Alibaba runs Taobao, Tmall and other online sites.
Alibaba stock was down 0.04% in premarket trading.