Good morning moomooers! Here are things you need to know before the opening bell:

• Stock futures were mixed in early morning trading on Thursday after major averages registered a third straight day of losses amid a drop in cryptocurrency prices

• Stocks making the biggest moves in the premarket: Cisco Systems Inc, Discovery Inc.

Market Snapshot

Stock futures were mixed in early morning trading on Thursday after major averages registered a third straight day of losses amid a drop in cryptocurrency prices.

Futures on the Dow Jones Industrial Average dipped 180 points. S&P 500 and Nasdaq 100 futures traded slightly lower.

Premover

Stocks making the biggest moves in the premarket: Cisco Systems Inc, Discovery Inc& more

$Cisco Systems(CSCO.US)$ - Cisco Systems shares are trading lower late Wednesday after the networking company posted better-than-expected results for the fiscal third quarter ended May 1, but provided financial guidance that raised questions about the company’s margin performance.

$Discovery, Inc.(DISCA.US)$ - Discovery, Inc. for possible breaches of fiduciary duty and other violations of federal and state law in connection with the agreement to merge with AT&T Inc's WarnerMedia segment. Under the terms of the merger agreement, AT&T would receive $43 billion (subject to adjustment) in a combination of cash, debt securities, and WarnerMedia's retention of certain debt, and AT&T's shareholders would receive stock representing 71% of the new company; while Discovery shareholders would own only 29% of the new company.

Top News

• U.S. stock futures waver ahead of jobless figures

U.S. stock futures were little changed ahead of new jobless figures, a day after investors pulled out of riskier assets.

Investors await the latest number of U.S. weekly jobless claims to gauge the pace of labor-market recovery. 

• Cryptocurrencies stabilized, showing sign of a rebound

$Bitcoin(BTC.CC)$ is trading higher after Wednesday’s wild swings.

• Japan posts strong exports growth for April
  

  Japan's exports growth in April was robust, driven by demands from large economies like the U.S. and China, Ministry of Finance data showed.

• Australia shed 30,600 jobs in April after wage subsidy ends

  Australia shed 30,600 jobs in April, as the labor market absorbed the impact of the withdrawal of the federal government's JobKeeper wage subsidy late in the previous month.

• Colonial Pipeline CEO tells why he paid hackers a $4.4 million ransom

  Joseph Blount told the Journal that he authorized the payment because executives were unsure how badly the cyberattack had breached its systems or how long it would take to bring the pipeline back.

• U.K. polluters face higher costs as breakaway carbon market goes live

  The key plank of the country's efforts to reduce greenhouse-gas emissions went live at a time when prices in the EU's carbon market are soaring.

• U.S. oil inventories rise as fuel supplies fall sharply

  Crude-oil inventories increased last week by a less-than-expected 1.3 million barrels and fuel stockpiles fell by a greater-than-expected 2 million barrels, government data showed.

• Plant-based food company $Oatly Group AB(OTLY.US)$ is set to go public Thursday

  On Wednesday, Oatly priced its initial public offering at $17 a share, at the high end of its expected range, offering 84.4 million American Depository Shares. Selling stockholders will offer 19.7 million of those shares.

  The pricing valued the company at about $10 billion, and will raise about $1.43 billion. 

Key Events This Week