1. -- U.S. Stocks Rise as China Tariffs Loom
U.S. stock futures suggested Wall Street would open higher on Thursday, July 5, while stocks in China declined as investors braced for the first major wave of U.S. tariffs on China-made goods and the potential for a reciprocal reply from Beijing.
2. -- ADP Jobs Report, Fed Minutes Highlight Thursday's Calendar
The U.S. economic calendar on Thursday includes the ADP National Employment Report for June at 8:15 a.m. ET and minutes from the June meeting of the Federal Open Market Committee at 2 p.m.
3. -- ZTE Replaces Executives to Comply With U.S. Mandate
ZTE Corp. (ZTCOY) named a number of new top executives, including a new CEO, as the Chinese telecommunications company presses ahead with U.S.-mandated leadership changes, The Wall Street Journal reported.
4. -- Praxair Sells European Businesses
Praxair Inc. (PX) agreed to sell the majority of its businesses in Europe to Taiyo Nippon Sanso Corp. of Japan for €5 billion ($5.85 billion) to address European regulators' concerns over its planned $80 billion merger with Germany's Linde AG.
5. -- Starbucks Loses Another Key Executive
Starbucks Corp. (SBUX) - Get Starbucks Corporation Report said its deputy general counsel in charge of ethics and compliance, Matthew Shay, has left the company, confirming Shay's departure to the New York Post.