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5 Things You Need to Know Before the Stock Market Opens

Story updated from 6:31 a.m. ET with Akamai, Jon Corzine, global trends items.

BOSTON ( TheStreet) -- The latest meeting between Nicolas Sarkozy and Angela Merkel leads your quick fix of company, market, economic and investing news for Monday, Jan. 9.

Monday's 5 Biggest Stories

Who doesn't love a meeting? Sarkozy and Merkel will meet today to discuss their master plan to save the euro as borrowing costs in eurozone countries rise. [<a href="http://www.bloomberg.com/news/2012-01-08/merkel-sarkozy-return-to-work-on-euro-rescue-with-berlin-meeting-tomorrow.html" target="blank" rel="nofollow">Bloomberg</a>]

They also love meetings in China, as the country welcomes Treasury Secretary Tim Geithner for a discussion on Iranian nukes and trade. [<a href="http://www.washingtonpost.com/world/asia-pacific/china-rejects-linking-trade-iran-nuke-program-ahead-of-geithner-visit-to-lobby-for-sanctions/2012/01/09/gIQATnC0kP_story.html" target="blank" rel="nofollow">Washington Post</a>]

In other country-relations news, the U.S. is reportedly set to take legal action against Swiss bank Wegelin & Co.. [<a href="http://www.reuters.com/article/2012/01/09/us-swiss-bank-wegelin-idUSTRE80808X20120109" target="blank" rel="nofollow">Reuters</a>]

Wow. Investors are now paying Germany for the luxury of lending the country cash after the latest debt auction resulted in negative yields. [<a href="http://www.reuters.com/article/2012/01/09/germany-bond-bubill-idUSB4E7N701020120109" target="blank" rel="nofollow">Reuters</a>]

Are you excited that Alcoa (AA - Get Report) will kick off the fourth-quarter earnings reporting season tonight? Well, don't be. Corporate profit growth is at a two-year low. [<a href="http://www.bloomberg.com/news/2012-01-08/corporate-profit-growth-hits-a-two-year-low-as-u-s-feels-drag-from-europe.html" target="blank" rel="nofollow">Bloomberg</a>]

Quote of the Day

"Our assessment is that even if some of the eurozone countries are in a recession technically for some or all of 2012, the whole of the zone might not technically be in a recession," IMF head Christine Lagarde said of the chances that the eurozone falls into a recession this year. [<a href="http://www.reuters.com/article/2012/01/09/us-safrica-imf-idUSTRE80809820120109" target="blank" rel="nofollow">Reuters</a>]

Company News

Motorola Mobility (MMI - Get Report) tries to sneak bad news by investors (and Google (GOOG)) after Friday's closing bell. [<a href="http://www.forbes.com/sites/ericsavitz/2012/01/08/did-google-buy-a-lemon-motorola-mobility-whiffs-q4/" target="blank" rel="nofollow">Forbes</a>]

Yahoo! (YHOO - Get Report) found its new CEO but now it's hunting for board members. [<a href="http://online.wsj.com/article/SB10001424052970203513604577145130908913886.html" target="blank" rel="nofollow">WSJ</a>]

Bristol-Myers Squibb (BMY - Get Report) announces a big takeover of Inhibitex (INHX), sparking speculation over which hepatitis C drug maker will be bought out next. [<a href="http://www.thestreet.com/story/11368896/1/hep-c-takeover-speculation-rains-down-on-idenix-and-achillion.html" target="blank">TheStreet</a>]

Markets

In some positive news for the eurozone, the euro currency recovered from 15-month lows ahead of the Merkozy meeting. [<a href="http://online.wsj.com/article/SB10001424052970204257504577149951024310384.html" target="blank" rel="nofollow">WSJ</a>]

But on the downside, Hungary seems to be out of options after clashing with the IMF. [<a href="http://www.bloomberg.com/news/2012-01-09/hungarian-bonds-gain-for-third-day-with-forint-as-orban-accepts-aid-terms.html" target="blank" rel="nofollow">Bloomberg</a>]

Where the global trends stand headed into a new week. [<a href="http://macromon.wordpress.com/2012/01/08/global-trend-indicators-34/" target="blank" rel="nofollow">Global Macro Monitor</a>]

Investment Strategy

Why stocks will beat bonds over the next 20 years. [<a href="http://www.marketwatch.com/story/why-stocks-will-beat-bonds-over-the-next-20-years-2012-01-09" target="blank" rel="nofollow">MarketWatch</a>]

Akamai Technologies (AKAM - Get Report) is flashing a golden cross. What should you do? [<a href="http://tradewithpete.com/2012/01/08/akamai-technologies-akam-golden-cross/" target="blank" rel="nofollow">Trade With Pete</a>]

Odds and Ends

Warren Buffett was going to sing a song and play guitar for a Spring Festival gala in China. Now, he's not. Drats. [<a href="http://blogs.wsj.com/chinarealtime/2012/01/09/warren-buffet-not-going-to-sing-for-spring-festival-after-all/" target="blank" rel="nofollow">WSJ</a>]

Jon Corzine is looking for some office space on Wall Street. [<a href="http://online.wsj.com/article/SB10001424052970203436904577148802706368844.html" target="blank" rel="nofollow">WSJ</a>]

Welcome to the first full trading week of the new year. Here's a Queens of the Stone Age song to get you pumped up. [<a href="http://www.youtube.com/watch?v=s88r_q7oufE" target="blank" rel="nofollow">YouTube</a>]

-- Written by Robert Holmes in Boston.

>To contact the writer of this article, click here: Robert Holmes.

>To follow Robert Holmes on Twitter, go to http://twitter.com/RobTheStreet.

>To submit a news tip, send an email to: tips@thestreet.com.

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