Dow Jones Futures Higher Today Following Friday's Record-Breaking Session By Garrett Baldwin

Dow Jones futures today, June 2, 2014 : Dow Jones futures were up this morning (Monday) after the Dow Jones Industrial Average squeezed out a record-breaking close on Friday. The Standard and Poor's 500 followed suit, setting up for a positive start today following its own record-high on Friday. Nasdaq futures were also higher before market open. The post Dow Jones Futures Higher Today Following Friday's Record-Breaking Session appeared first on Money Morning - Only the News You Can Profit From .

Dow Jones futures today, June 2, 2014: Dow Jones futures were up this morning (Monday) after the Dow Jones Industrial Average squeezed out a record-breaking close on Friday. The Standard and Poor's 500 followed suit, setting up for a positive start today following its own record-high on Friday. Nasdaq futures were also higher before market open.

Here's what you should know to make your Monday profitable:

  • Dow Jones FuturesLooking at Lefty: The Federal Bureau of Investigation (FBI) and the Securities and Exchange Commission (SEC) are investigating whether PGA star Phil Mickelson and Las Vegas gambler Billy Walters traded on nonpublic information that they received from activist investor Carl Icahn. CNN reports that the insider trading focus centers on stock positions taken in 2011 after Icahn invested in The Clorox Company (NYSE: CLX).
  • Slashing Emissions: In the most sweeping environmental regulations of the last few decades, U.S. President Barack Obama's administration will announce plans to slash greenhouse-gas emissions from U.S. power plants by up to 30% over the next 15 years. The cuts will apply to existing power plants across the nation, and will measure the reductions against 2005 emissions levels.
  • The Digital Race Begins: According to a report by Gigaom, Google Inc. (Nasdaq: GOOG) will likely announce the timeline for Android TV at the I/O developer conference in late June. The digital television product will compete directly against Amazon.com Inc.'s (Nasdaq: AMZN) "Fire TV."
  • Tech Geeks Unite: Shares of Apple Inc. (Nasdaq: AAPL) are hovering near a 78-week high. On Monday, the company will host WWDC, its annual development conference in San Francisco. During the five-day event, the company will unveil new devices and services, in addition to updates on the iPhone 6 and iOS 8.
  • Banks Behaving Badly: On Saturday, New York state's top banking regulator, Benjamin Lawsky, demanded that BNP Paribas SA (OTC: BNPQY) fire as many as 12 executives as the bank attempts to settle charges that it violated U.S. economic sanctions by dealing in Sudan and Iran. The demands come at the same time that members of the Hollande government in France have criticized the United States for "unilaterally" targeting the nation's largest bank. The U.S. Justice Department is seeking at least $10 billion in a BNP settlement.

A busy economic calendar is in the line-up for today, plus this sweet pharmaceutical deal that just got even sweeter for investors...

  • Today's Economic Calendar: A busy schedule includes a speech by Chicago Federal Reserve Bank President Charles Evans, updates on construction and consumer spending, and the Purchasing Managers Index.
  • Sweetening the Pot: Valeant Pharmaceuticals International Inc. (NYSE: VRX) announced it will again hike its takeover offer for Botox-maker Allergan Inc. (NYSE: AGN). The deal, which was the second increase last week, now offers $72 in cash - an increase from $58.30 on Wednesday, in addition to a share swap.
  • Earnings Reports: Stay tuned for earnings reports from CONN's Inc. (Nasdaq: CONN), Calavo Growers Inc. (Nasdaq: CVGW), Accretive Health Inc. (OTC: ACHI), Ferrellgas Partners LP (NYSE: FGP), Jos. A. Bank Clothiers Inc. (Nasdaq: JOSB), and Krispy Kreme Doughnuts Inc. (NYSE: KKD).

Full U.S. Economic Calendar June 2, 2014 (NYSE: all times EDT)

  • Chicago Federal Reserve Bank President Charles Evans spoke this morning at 4 a.m. on central banking in Istanbul.
  • Gallup US Consumer Spending Measure at 8:30 a.m.
  • PMI Manufacturing Index at 9:45 a.m.
  • ISM Manufacturing Index at 10 a.m.
  • Construction Spending at 10 a.m.
  • 4-Week Bill Announcement at 11 a.m.
  • 3-Month Bill Auction at 11:30 a.m.
  • 6-Month Bill Auction at 11:30 a.m.

NEXT: With a new, impressive prime minister, and a burgeoning consumer population, this country is setting up an economic miracle...

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The post Dow Jones Futures Higher Today Following Friday's Record-Breaking Session appeared first on Money Morning - Only the News You Can Profit From.

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