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Europe refugee plan and the Apple event–5 things to know today

Hello friends and Fortune readers.

Wall Street stock futures are soaring again this morning following a lead from Japan, whose stock market rose by the most in years on hopes of a fresh economic package. Crude oil futures are still struggling at below $46 a barrel, and the dollar is flat against the euro at $1.1154.

Today’s must-read story is by Fortune’s Jen Wieczner on the drug-industry deal that would be the largest hostile takeover ever if it succeeds. Mylan’s bid for Perrigo is worth almost triple any other successful hostile acquisition. Read more here.

Here’s what else you need to know to start your day.

1. Apple’s annual reveal.

Apple (AAPL) holds its annual Fall event today starting at 10 a.m. PDT / 1 p.m. ET and can be watched live on its website. The Cupertino-based company has remained mum on details. The only official word on the event is its tagline: “Hey Siri, give us a hint.” However, that doesn’t mean information hasn’t leaked out. Fortune’s Philip Elmer-DeWitt released his own predictions, which includes the announcement of a new iPhone 6S and 6S Plus as well as the much anticipated Apple TV. Other analysts have also predicted a reveal of a new 12.9-inch iPad Pro.

2. Europe’s refugee plan

European Commissioner Jean-Claude Juncker unveiled a plan to resettle 160,000 refugees and migrants by forcing other E.U. member states to take fixed quotas, according to their size and wealth. The plan aims to take pressure of Italy, Greece and Hungary, which have developed into chokepoints for those fleeing to Europe, as well as Germany, which is the preferred destination for many. Juncker also wants to introduce a single, binding framework for accepting refugees into the E.U., but faces opposition from many member states, notably the U.K. and Poland.

3. Microsoft goes to court.

Microsoft (MSFT) heads to U.S. appeals court in New York tomorrow to challenge a search warrant issued by U.S. agents to hand over records of customer emails and account information, which is currently stored on databases in Ireland. The company says that the American government is improperly extending their authority to private information held abroad. A federal judge ruled last year that the warrant was justified since Microsoft is based in the U.S. and controls the foreign server.

4. Are people buying physical books again?

Barnes & Noble (BKS) reports its first-quarter earnings before the market open today and is likely to show profits above analyst estimates. The bookseller has been steadily revamping its stores to reverse falling sales, including integrating its online and retail platforms and overhauling its toys and gifts sections. Barnes & Noble also spun off its profitable college books division last month to center its efforts on retail stores.

Also reporting today: cloud storage company Box (BOX) updates investors after the market close.

5. More information on U.S. jobs.

Friday’s job report wasn’t as strong as many economists were hoping. While the jobless rate fell to 5.1%, that’s primarily because the labor force participation rate has remained stubbornly low. On top of that, wages still aren’t gaining steam. The U.S. Labor Department will release the monthly job openings and labor turnover data today at 10 a.m. ET, providing more data on the health of the U.S. job market. The measure of labor demand is likely to have gained to 5.288 million in July, up from 5.249 million the month prior.