This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Morning Briefing: 10 Things You Should Know

NEW YORK ( TheStreet) -- U.S. stock futures were pointing to a flat open for Wall Street Friday while shares in Japan jumped after Prime Minister Shinzo Abe announced a massive spending package.

Japan's Nikkei 225 rose 1.4% to close at 10,801.57 after Abe announced an anti-recession stimulus package of more than 20 trillion yen ($224 billion).

European stocks rose slightly. Most Asian markets finished Friday's session in the red. Hong Kong's Hang Seng fell 0.4%.

The economic calendar in the U.S. Friday includes import and export prices for December at 8:30 a.m. EST.

U.S. stocks on Thursday climbed on optimism over an upbeat set of China trade numbers and hopeful comments on the eurozone economy.

The Dow Jones Industrial Average gained 81 points, or 0.6%, to 13,471.

American Express (AXP - Get Report) said Thursday it was cutting 5,400 jobs, or about 8.5% of its work force, and would take fourth-quarter restructuring charges of $742 million.

Total charges in the quarter will amount to $594 million after taxes. American Express said that its fourth-quarter net income fell to $637 million, or 56 cents a share, from $1.19 billion, or $1.01 a share, in the year-earlier period.

Excluding special items, American Express said fourth-quarter adjusted net income was $1.2 billion, or $1.09 a share. Analysts were expecting fourth-quarter earnings of $1.06 a share.

Chevron (CVX - Get Report) said Thursday that fourth-quarter earnings would be "notably higher" than third-quarter profit, getting a lift from bigger gains on asset sales and more oil and gas production.

Wells Fargo (WFC - Get Report) is expected by Wall Street to report fourth-quarter earnings Friday of 89 cents a share on revenue of $21.29 billion.

Apple's (AAPL - Get Report) Phil Schiller, the tech giant's senior vice president of worldwide marketing, reportedly nixed rumors swirling about a cheaper iPhone in an interview with The Shanghai Evening News.

SAC Capital Advisors has told employees and business partners it is bracing for client withdrawals of at least $1 billion this year -- about 17% of the money the hedge fund manages for outside investors -- amid intense regulatory scrutiny of alleged insider trading, people briefed on the conversations told The Wall Street Journal.

Ford (F - Get Report) said Friday it is adding 2,200 U.S. salaried jobs this year, the most white-collar hiring the automaker has done in more than 10 years, according to the Detroit Free Press.

Boeing's (BA) 787 Dreamliner jet suffered a cracked cockpit window and an oil leak on separate flights in Japan on Friday, Reuters reported.

-- Written by Joseph Woelfel

>To contact the writer of this article, click here: Joseph Woelfel
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.03 -2.90%
AXP $65.84 -0.59%
CVX $102.40 -1.40%
F $14.09 3.15%
WFC $50.41 -1.02%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs