Here are 10 things you should know for Friday, Jan. 10:
1.-- U.S. stock futures were rising Friday ahead of the U.S. jobs report.
European stocks were trading higher. Asian shares ended the session mixed. Japan's Nikkei 225 index rose 0.2%.
2.-- The economic calendar in the U.S. Friday includes the nonfarm payrolls report for December at 8:30 a.m. EST, and wholesale inventories for November at 10 a.m.
3.-- U.S. stocks on Thursday closed mixed in a choppy session.
The S&P 500 settled up 0.03% to close at 1,838.13, while the Dow Jones Industrial Average fell 0.11% to16,444.76. The Nasdaq slid 0.23% to 4,156.19.
4.-- Wall Street could pay nearly $50 billion to buy peace from federal authorities who are taking aim at the banks over their role in the mortgage crisis, The New York Times reported, citing interviews and a confidential analysis of the industry's potential legal exposure.
Banks and their outside lawyers are using JPMorgan Chase's (JPM) record $13 billion mortgage settlement in November to help them determine just how much each bank might have to pay to move past the government mortgage litigation, the Times reported.
If the settlements materialize, they could yield, according to the Times analysis, $15 billion in relief for consumers -- a mixture of cash payments and other assistance. A payment of $50 billion, made up of a string of separate deals, would amount to roughly half the total annual profit of large American banks in 2012, according to the Times.
5.-- Sears (SHLD) said it expects a massive loss for the fourth quarter and full year after holiday sales tumbled.