1. Nordstrom sale: Shares in Nordstrom were surging by about 10% premarket following reports that the company could soon be taken private. CNBC, citing unnamed sources, said that private equity firm Leonard Green & Partners could partner with the Nordstrom family on a buyout.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | -20.00 | | -12.25 | | -3.75 | | -0.09% | | -0.20% | | -0.15% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | +89.20 | | +4.66 | | -24.67 | | 19,865.82 | | 3,384.15 | | 7,376.02 | | +0.45% | | +0.14% | | -0.33% | | | |
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| Key Stats | Latest | Today's Change | | | Oil | $48.73 | +0.50 / +1.04% | | | Gold | $1,337.10 | +4.40 / +0.33% | | | 10-yr | 2.17% | +0.05 / +2.16% | | | Euro | $1.20 | +0.00 / +0.05% | | | |
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| News: What you need to know about the markets | | | | | | | Nordstrom buyout; Apple aftermath; Toshiba sale | By Alanna Petroff
Wednesday, September 13th, 5:24am | | | | 1. Nordstrom sale: Shares in Nordstrom were surging by about 10% premarket following reports that the company could soon be taken private. | | | | CNBC, citing unnamed sources, said that private equity firm Leonard Green & Partners could partner with the Nordstrom family on a buyout. | | | | The Nordstrom family owns more than 30% of the retailer's shares. Leonard Green & Partners would reportedly provide roughly $1 billion in equity to help finance the deal. | | | | This comes as the retailer experiments with smaller stores and specialized customer services in an effort to compete with online outlets, including Amazon. | | | | 2. Apple aftermath: Investors will continue to focus on Apple after the company unveiled its new iPhone X, iPhone 8 and iPhone 8 Plus on Tuesday. | | | | Shares dipped a tad following the announcement. Futures suggested the stock could drop further when trading starts Wednesday. | | | | The big question: Will consumers pay nearly $1,000 for a phone? | | | | 3. Toshiba deals with Bain: Beleaguered tech giant Toshiba has signed a memorandum of understanding to negotiate a deal to sell its business unit -- Toshiba Memory Corporation -- to Bain Capital. | | | | Bain Capital is working with a larger consortium on the deal. | | | | Toshiba is trying to recover from billions of dollars in losses stemming from the collapse of Westinghouse Electric, its now bankrupt U.S. nuclear unit. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | 4. Global market overview: Global stock markets are looking soft following two days of strong gains. | | | | U.S. stock futures were dipping a bit, alongside many European markets. | | | | Asian markets ended the day with mixed results. | | | | The Dow Jones industrial average, S&P 500 and Nasdaq all gained 0.3% on Tuesday. | | | | 5. Earnings and economics: Cracker Barrel will announce earnings before the open on Wednesday. | | | | New data shows the U.K. unemployment rate dropped to 4.3% in the second quarter, its lowest level in more than 40 years. | | | | It's not all good news: Prices are rising at a faster rate than British wages, meaning workers are feeling poorer. | | | | Download CNN MoneyStream for up-to-the-minute market data and news | | | | | | | |
| | | | | | Thursday -- Bank of England rate decision
Friday -- Samsung releases Galaxy Note 8 | | | | | | | |
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