Here are five things you must know for Monday, Feb. 4:
1. -- Stock Futures Rise as Investors Focus on Strong Jobs, Manufacturing Data
U.S. stock futures rose modestly on Monday, Feb. 4, as investors focused on stronger-than-expected jobs and manufacturing data from the United States last week that continues to support solid growth in the world's biggest economy.
Contracts tied to the Dow Jones Industrial Average rose 24 points, futures for the S&P 500 were up 2.75 points, and Nasdaq futures gained 8.25 points.
The Labor Department reported Friday that nonfarm payrolls in the U.S. rose by a better-than-forecast 304,000 jobs in January, while the Institute for Supply Management's index on manufacturing rebounded last month from December.
Corporate earnings will resume center stage for U.S. markets again this week as the mid-point of the fourth-quarter earnings season is reached with results modestly ahead of expectations in terms of bottom-line performance for S&P 500 companies.
The economic calendar in the U.S. Monday includes Factory Orders for November at 10 a.m. ET.
2. -- Google Parent Alphabet Leads Monday's Earnings Calendar
Earnings are expected Monday from Alphabet Inc. (GOOGL - Get Report) , Emerson Electric Co. (EMR - Get Report) , Seagate Technology PLC (STX - Get Report) and Gilead Sciences Inc. (GILD - Get Report) .
Clorox said earnings for the three months ended in December were $1.40 a share, well ahead of the consensus forecast of $1.30. Sales, edged 3.7% higher to $1.473 billion and matched Wall Street forecasts.
Clorox said it sees fiscal 2019 earnings in the range of $6.20 to $6.40 a share, unchanged from its assessment in late November, while noting that tariffs will reduce its earnings per share outlook by between 5 cents and 7 cents a share.
3. -- Trump Says 'Good Chance' of a Trade Deal With China
In a sweeping interview with CBS News' Face the Nation, Donald Trump touched on a variety of issues, including the economy and trade between the U.S. and China.
Trump touted the U.S. jobs report for January, which showed strong growth during the partial government shutdown, and promised a "good chance" of a deal with Beijing over tariffs.
But, he added, "I want them to make a fair deal," and he praised China's prior role in helping the U.S. negotiate with, and put pressure on, North Korea. "It looks like we're doing very well with making a deal with China. I can tell you this, no two leaders of this country and China have ever been closer than I am with President Xi (Jinping). We have a good chance to make a deal. I don't know that we're going to make one, but we have a good chance. And if it is a deal it's going to be a real deal. It's not going to be a stopgap."
In late December, Trump agreed to leave the tariffs of some $200 billion worth of Chinese imports at 10% and not increase the rate to 25% as he had threatened. The sides have set a March 1 deadline to get a deal done.
When asked at the start of the interview whether the U.S. government would get shut down again if negotiations with Democratic lawmakers didn't go his way, Trump said he wouldn't "take it off the table."
Trump has been pushing for funding to build a wall along the U.S. border with Mexico, his signature campaign promise during the 2016 election.
4. -- General Motors to Begin Laying Off 4,000 Salaried Workers
More involuntary separations will continue through February, the Detroit News reported, citing a source familiar with the plans. It's not clear from which parts of the company the layoffs will come.
"We are not confirming timing," GM said in a statement to the Detroit News. "Our employees are our priority, and we will communicate with them first."
The reductions to GM's contract workforce largely were completed last year with some 1,500 workers let go.
Before beginning the layoffs, GM offered buyouts to 18,000 workers on Halloween 2018.
Many of the cuts are planned at factories in the United States and Canada that make sedans and compact cars -- vehicles that haven't been selling well in North America as customers turn toward trucks, sport utility vehicles and crossovers.
Separately, GM said it was negotiating "feasibility conditions" to invest 10 billion reais ($2.73 billion) in Brazil from 2020 to 2024, after having warned last month that new investments would depend on returning to profit, Reuters reported.
5. -- New England Patriots Win Sixth Super Bowl Title
The New England Patriots beat the Los Angeles Rams, 13-3, in Super Bowl LIII on Sunday.
It was the lowest scoring Super Bowl in history.
The win gave New England its sixth Super Bowl title, tying it with the Pittsburgh Steelers.
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