Apr 10 - The Wall Street Journal reports that Apple is discussing how more of Yahoo's services can play a bigger role on the iPhone and iPad.
-- your morning coffee on Wednesday let's start right into the market S&P Dow and NASDAQ futures all pointing to higher start today. Later this afternoon investors on Wall Street we'll return to Washington where President Obama releases his budget proposal. His plans to offer custom social security and other entitlement programs but there's a catch. The president will only accept these spending cuts if Republicans agree to higher taxes. Sounds awfully familiar rock Obama's plan would cut the deficit by one point eight trillion dollars over ten years. Also on the economic docket we've got the FOMC issuing minutes from its last meeting. Investors will want to know the Fed has any plans to scale back bond purchases. Since the -- we've seen is surprisingly weak payrolls report for march and that could muddy any signals the minutes may otherwise sent. I earnings front a couple of consumer stocks with all this talk of spending tapering off last quarter. We'll be looking for any signs of that in today's reports first up Family Dollar missed estimates by Justin -- The discount retailer now selling everyday items like soda and cigarettes. Such products attract more foot traffic and carry lower margins and can eat into profits. Family Dollar believes that sales of discretionary items will remain under pressure in the second half of this year. Next we've got Constellation Brands investors will want the skinny on talks with US regulators over Anheuser-Busch in -- proposed takeover of group moment Della. As part of that deal consolation will take over that -- business in the US giving the world's largest wine company a big footprint in the theater business. Bed, Bath & Beyond CarMax and Ruby Tuesday also report results today. So big deals in the works this week Reuters exclusively reporting net Thermo Fisher Scientific. Maybe binding offer for like ten ahead of -- the deadline yesterday. Like tech whose stock has jumped 33% since the started a year has become an attractive target for PE firms because of its strength in advanced diagnostics. If Thermo -- 65 dollar per share offer wins the deal would make it a major player in the genetic sequencing market. A consortium of private equity firms including Blackstone Carlyle and KKR are also looking to make a proposal passed that the deadline. As Blackstone Group. The Wall Street Journal reporting that PE firm is talking to several tech companies about potentially joining its bid to take Dell private. Those talks involved the prospective partners having a financial -- including an equity stake in debt financing. Blackstone current offer of 1425. A share tops so -- partners and Michael Dell's thirteen 65. Our stocks to watch this morning a possible alliance between Yahoo! at apple. The Wall Street Journal reports the tech majors have been discussing how more jobless services can play a bigger role on the iPhone and iPad. This can mean getting work contents from Yahoo! News -- providing web search results to apple. Shares of Yahoo! moving up 2% in premarket. But this idea is still -- long shot currently Microsoft powers Yahoo!'s search service and apple has a deal to use Google search as its default. One more stock to keep an ion Taylor Morrison the home builder will debut today on the New York Stock Exchange under the symbol TM HC. In race 620. Million dollars pricing over 28 million shares on Tuesday. The IPO which is backed by TPG and oak tree shows that investors are continuing to bet on recovery in the housing market. That's -- for -- Wednesday morning caught remembered follow us on Twitter at Reuters Insider in Denmark great videos at Reuters dot com slash writers TV. I'm Lisa Bernhard this --