| What to watch today: Dow to fall, Trump speaks at Davos and China says coronavirus spreads | | |  | TUE, JAN 21, 2020 | | | | AS OF TUE, JAN 21, 2020 • 06:39 ET | | Dow Jones Fut | | 29,348.10 | | Current: | 29,213.00 | | Change: | -66.00 | | Impl. Open: | -95.10 | | | S&P 500 Fut | | 3,329.62 | | Current: | 3,314.00 | | Change: | -11.00 | | Impl. Open: | -15.62 | | | NASDAQ 100 Fut | | 9,173.73 | | Current: | 9,135.50 | | Change: | -39.00 | | Impl. Open: | -51.23 | | | Russell 2000 Mini | | 1,699.64 | | Current: | 1,693.10 | | Change: | -6.80 | | Impl. Open: | -7.34 | | | U.S. stock futures were pointing to a lower Wall Street open on Tuesday, with global stocks from Asia to Europe under pressure. The U.S. market was closed Monday for the Martin Luther King Jr. holiday. On Friday the Dow, S&P 500 and Nasdaq all closed at record highs again. For the week, the Dow and S&P 500 were nearly 2% higher, while the Nasdaq's weekly gain was over 2%. (CNBC) | | | | American companies continue to report quarterly earnings today, with Dow stock IBM (IBM) coming after the bell. Netflix (NLFX), United Airlines (UAL), Capital One (COF) and TD Ameritrade (AMTD) are also this afternoon. No major U.S. economic reports are out today. (CNBC) | | | | Boeing (BA) is in talks with banks to secure a loan of $10 billion or more, as the company faces rising costs stemming from two fatal crashes of its 737 Max planes. The company has secured at least $6 billion from banks so far, with commitments from Citigroup (C), Bank of America (BAC), Wells Fargo (WFC) and J.P. Morgan (JPM). (CNBC) | | There are concerns this morning over a contagious strain of pneumonia in China. The outbreak of a new coronavirus in China killed four people, with confirmed cases exceeding 200 ahead of the Lunar New Year holiday, during which hundreds of millions of people are expected to travel. Experts recalled the economic fallout from the deadly Severe Acute Respiratory Syndrome crisis in 2003. (CNBC) | | | | J.P. Morgan announced the creation of a new business called the Development Finance Institution to boost private investment in emerging-market development projects. The lender said it can finance more than $100 billion annually from its investment bank. (CNBC) | | | | French President Emmanuel Macron said he had a "great discussion" with Trump over a digital tax planned by Paris and said the two countries would work together to avoid a rise in tariffs. Macron and Trump agreed to hold off on a potential tariff war until the end of 2020 and continue negotiations. (Reuters) | | | | Iran has asked the U.S. and French authorities for equipment to download information from black boxes on a downed Ukrainian airliner, a request that will add to international frustration at Tehran's failure to send the recorders abroad for analysis. Kiev has repeatedly called for Iran to return the black boxes from the U.S.-built Boeing 737. (Reuters) | | Facebook (FB) is set to hire another 1,000 people in the U.K. by the end of 2020, which will bring its total headcount in Britain to more than 4,000. | | | | Uber (UBER) has sold its money-losing online food-ordering business in India to local rival Zomato in exchange for a 9.99% stake in the startup backed by China's Ant Financial. | | | | BAE Systems (BAESY) has agreed to buy a business that tracks everything from jet fighters to tanks from United Technologies (UTX) for $1.93 billion, according to the Wall Street Journal. | | | | Tesla (TSLA) blasted customer complaints that its cars may suddenly accelerate on their own Monday, calling the reports "completely false." | | The NFL Players Association revealed its latest Top 50 Player Sales List, which sees Kansas City Chiefs quarterback Patrick Mahomes as the merchandise king. He leads the way over New England's Tom Brady, who finished first the last two years. The Chiefs face the San Francisco 49ers next month in Miami for the Super Bowl. (CNBC) | |  | | |
Post a Comment