U.S. stock futures were higher this morning, with the Dow, S&P 500 and Nasdaq on track for a fourth straight positive week.
Dow Jones Fut
26,392.79
Current:
26,442.00
Change:
66.00
Impl. Open:
63.21
S&P 500 Fut
2,839.25
Current:
2,851.25
Change:
10.00
Impl. Open:
11.00
NASDAQ 100 Fut
6,916.30
Current:
6,966.00
Change:
34.50
Impl. Open:
38.70
Russell 2000 Mini
1,601.67
Current:
1,609.20
Change:
4.90
Impl. Open:
6.48
Quotes as of 1/26/2018 7:37:01 AM ET
BY THE NUMBERS
Stock futures were higher this morning, with the Dow, S&P 500 and Nasdaq on track for a fourth straight positive week. Neither the Dow nor the S&P 500 has had back-to-back losses this year, marking the longest such stretch in history at the beginning of a year. (CNBC)
A handful of earnings reports conclude a busy week of quarterly numbers, with AbbVie (ABBV), Colgate-Palmolive (CL), Honeywell (HON), Lear Corp. (LEA) and Rockwell Collins (COL) among the companies on today's calendar. There are no reports after today's closing bell. (CNBC)
The week ends with two key economic reports , both at 8:30 a.m. ET, with the release of 2017's first look at fourth-quarter GDP and December durable goods orders, which is expected to post an increase. (CNBC)
President Trump will deliver his "America First" message when he speaks at the World Economic Forum (WEF) today. He will reportedly say his administration will not tolerate intellectual property theft and trade abuses. (CNBC & Reuters)
President Trump told CNBC that he would reconsider the massive Trans-Pacific Partnership trade deal if the United States could strike a "substantially better" agreement. But it's almost certainly too late for the U.S. to negotiate a new deal.
In a blistering critique of Trump's leadership, billionaire investor George Soros said at Davos that the president has the U.S. on course for nuclear war with North Korea. The progressive activist said he sees the president's place in the world as "temporary." (CNBC)
IN THE NEWS TODAY
President Trump ordered the firing of special counsel Robert Mueller last June, but backed off following a threat from a White House counsel to resign, according to multiple media outlets. When asked about the reports, Trump called it "fake news."
Trump is reportedly planning to sign an executive order that would reverse an Obama-era directive to close Guantanamo Bay. The president is expected to announce his plans to sign the order during his State of the Union. (Politico)
In likely violation of U.N. sanctions, North Korea reportedly shipped coal to Russia last year that was then delivered to South Korea and Japan. The sanctions were intended to cut off an important source of money Pyongyang needs to fund its missile program. (Reuters)
An FDA advisory committee said evidence doesn't support a tobacco company's claim that heat-not-burn tobacco product, iQOS, cuts the risk of tobacco-related diseases. Philip Morris International (PM) was seeking approval to market its iQOS as less risky. (CNBC)
Tesla (TSLA) employees said to expect more Model 3 delays, citing inexperienced workers and manual assembly of batteries. The employees said the company was making batteries for its Model 3 vehicles partly by hand as recently as mid-December. (CNBC)
Walmart (WMT) will begin selling e-books and audiobooks on its website in partnership with Tokyo-based Rakuten. The move builds on Walmart's efforts to grow both online and outside of the U.S., as competition with Amazon (AMZN) intensifies. (CNBC)
STOCKS TO WATCH
Starbucks (SBUX) reported adjusted quarterly profit of 58 cents per share, one cent above estimates, but the coffee chain's revenue missed forecasts. The company also said sales growth at its shops would be at the low end of its prior forecast for 2018.
Intel (INTC) came in 22 cents above estimates with adjusted quarterly earnings of $1.08 per share, while the chipmaker's revenue also beat forecasts. Intel gave a bullish forecast as data center chip sales continue to accelerate, and announced a 10 percent dividend increase.
E• Trade Financial (ETFC) beat estimates by three cents with adjusted quarterly profit of 64 cents per share, with the online brokerage's revenue beating Street projections as well. Additionally, the company also announced it was buying 1 million retail brokerage accounts with about $18 billion in assets from Capital One Financial (COF) for $170 million.
Western Digital (WDC) reported adjusted quarterly profit of $3.95 per share, 16 cents above estimates, with the disk drive maker's revenue coming in slightly above forecasts. Its results were helped by stronger pricing and demand for memory chips, especially those used in smartphones.
Nike (NKE) now has Bill Ackman's Pershing Square as a stakeholder, according to the Wall Street Journal quoting a person familiar with the matter. It isn't known how big the stake is, although it is said to be passive.
JD.com (JD) is preparing to enter the U.S. market in a move to challenge online retail giants Alibaba (BABA) and Amazon.com (AMZN), according to a Bloomberg report.
WATERCOOLER
Singer Katy Perry is hopping on the crypto bandwagon. She showed off her cryptocurrency-themed manicure on Instagram. The post also included an assortment of crypto-related accounts like ethereum_updates and stellarlumens. (Slate)
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