Here are five things you must know for Thursday, Jan. 10:

1. -- Stocks Retreat as Attention Turns to Earnings

U.S. stock futures fell on Thursday, Jan. 10, and global stocks retreated as investors looked past progress in U.S.-China trade talks and shifted their focus to the corporate earnings season and the prospect of weakening profit guidance for the coming year.

China's Commerce Ministry described the just-ended three-day talks with U.S. officials in Beijing as "deep and thorough exchanges on trade and structural issues of common concern" but, like the Office of the United States Trade Representative, declined to offer a schedule on a second round of face-to-face meetings between envoys of the world's two biggest economies.

That disappointment was somewhat offset by dovish signals from the Federal Reserve on Wednesday, when minutes from the central bank's December meeting cemented the notion the Fed would be patient with interest rate hikes in 2019.

Meanwhile, the fourth-quarter reporting season is anticipated to show S&P 500 earnings growing by around 14.5%, according to I/B/E/S data from Refinitiv, before slowing to just 3.9% in the first quarter of 2019, a figure that would be significantly below the 26.8% growth rate recorded during the same period last year.

Contracts tied to the Dow Jones Industrial Average on Thursday fell 98 points, futures for the S&P 500 tumbled 14.75 points, and Nasdaq futures declined 45.75 points. 

Stocks rose for a fourth straight day on Wednesday after progress was reported in U.S.-China trade talks and following the dovish comments from the Fed.

The economic calendar in the U.S. on Thursday includes weekly Jobless Claims at 8:30 a.m. ET. Wholesale Trade for November won't be released because of the government shutdown.

Federal Reserve Chairman Jerome Powell is scheduled to participate in a discussion at the Economic Club of Washington in Washington, D.C., at 12:45 p.m.

2. -- Ford To Exit Some of Europe's Biggest Markets, Cut Jobs

Ford Motor Co. (F) - Get Report said Thursday it will exit some of Europe's biggest markets and cut thousands of jobs as car sales around the world slump and uncertainly surrounding Britain's Brexit plans stifle investment.

Ford said it will review its operations in Russia, combine its U.K. headquarters just outside of London and shut a transmission plant in France as part of a regional overhaul aimed at turning a profit at its European operations. Ford also cuts to its workforce of 53,000 would follow, but hoped "as far as possible" they would come through voluntary action.

"We are taking decisive action to transform the Ford business in Europe," said Steven Armstrong, group vice president and president, Europe, Middle East and Africa. "We will invest in the vehicles, services, segments and markets that best support a long-term sustainably profitable business, creating value for all our stakeholders and delivering emotive vehicles to our customers."

Ford shares rose 0.5% in premarket trading Thursday to $8.76.

3. -- Bed Bath & Beyond Soars on Improved 2019 Forecast 

Bed Bath & Beyond Inc. (BBBY) - Get Report jumped 13.8% in premarket trading Thursday after the company said its fiscal 2019 earnings would be about the same as fiscal 2018 while Wall Street was expecting a much more bearish outlook.

Bed Bath & Beyond said it expects earnings in fiscal 2018 of roughly $2 a share. Analysts surveyed by FactSet estimated profit of $1.99 a share in fiscal 2018, and $1.56 in fiscal 2019.

The company reported earnings in the fiscal third quarter of 18 cents a share on revenue of $3.03 billion vs. forecasts that called for profit of 17 cents on revenue of $3.05 billion.

The retailer of home furnishings also reported that comparable-store sales fell 1.8% year over year, steeper than the 0.3% decline that analysts were expecting.

The company said it would keep the comparable-store sales decline to around 1% for the whole of fiscal 2018, however, and only a "low single-digit" slowdown in 2019. That should allow for flat year-on-year earnings of around $2 a share.

"Next year, we believe that to a greater degree, we'll be able to leverage a lot of the investments that we've been making both in technology and in people to be able to enhance the profitability," CEO Steven Temares told investors on a conference call late Wednesday. " It's not a cost-cutting exercise for us ... this is a natural evolution for us from all these investments that we've been making."

"We are still putting together the budgets, but we do believe that having an earnings per share next year equal to what it is this year is achievable," Temares added.

4. -- Tesla to Stop Selling 75kWh Versions of Model S and Model X

Elon Musk said Tesla Inc. (TSLA) - Get Report will stop taking orders for the 75kWH versions of the Model S sedan and Model X SUV -- the lowest-priced versions -- after Sunday, Jan. 13.

If these models disappeared with no replacement equivalent, then starting prices would jump by $15,000 or more to $84,750 (from $66,750) for the Model S and $87,950 (from $72,950) for the Model X, according to Engadget. Therefore, a consumer would have to buy a Model 3 if he wanted a Tesla car under $80,000.

5. -- Eddie Lampert Submits Revised $5 Billion Bid to Save Sears - Report

Chairman Eddie Lampert submitted a revised roughly $5 billion takeover bid for Sears Holdings Corp. (SHLDQ) on Wednesday, people familiar with the matter told Reuters.

In a concession, Lampert agreed to assume tax and vendor bills Sears has incurred since filing for bankruptcy protection in October, the sources told Reuters.  The revised bid from Lampert was submitted through an affiliate of his hedge fund, ESL Investments Inc., on Wednesday along with a $120 million deposit, the sources added.

Lampert's previous bid, which Sears rejected, was valued at $4.4 billion.