Here are 10 things you should know for Friday, Feb. 5:
1. -- U.S. stock futures moved nervously higher Friday as investors awaited a U.S. jobs report that could influence the Federal Reserve's next move on interest rates.
European stocks gained while Asian shares finished the session mixed.
Benchmark U.S. crude oil was rising 0.5% to $31.87 a barrel in electronic trading early Friday.
2. -- The economic calendar in the U.S. on Friday includes the nonfarm payrolls report for January at 8:30 a.m. EST, the Trade Balance for December at 8:30 a.m., and Consumer Credit for December at 3 p.m.
Nonfarm payrolls probably increased by 190,000 jobs last month, according to a Reuters survey of economists. The unemployment rate was seen holding steady at a 7-1/2-year low of 5% for a fourth straight month.
3. -- U.S. stocks on Thursday ended little changed, with the S&P 500 up 0.15%, the Dow Jones Industrial Average gaining 0.49%, and the Nasdaq rising 0.12%.
4. -- President Obama wants oil companies to pay a $10 fee for every barrel of oil to help fund investments in clean transportation that fight climate change.
The president will formalize the proposal Tuesday when he releases his final budget request to Congress. The $10-per-barrel fee is expected face solid opposition from Republicans who control Congress and oppose new taxes and Obama's energy policies.
Still, the White House hopes the proposal will drive a debate about the need to get energy producers to help fund such efforts to promote clean transportation.
The White House said the $10 fee would be phased in over five years. The revenue would provide $20 billion per year for traffic reduction, expanding investment in transit systems and new modes of transportation like high-speed rail, The Associated Press reported. It would also revamp how regional transportation systems are funded, providing $10 billion to encourage investment that lead to cleaner transportation options.
5. -- LinkedIn (LNKD) issued a forecast for the first quarter of 2016 and full year that was far below Wall Street estimates.
The professional networking service said first-quarter adjusted earnings would be 55 cents a share on revenue of about $820 million. Analysts were expecting profit of 75 cents a share on sales of $868 million.
Revenue for the full year was forecast at $3.6 billion to $3.65 billion, lower than analysts' estimates of $3.9 billion. Among other things, LinkedIn said growth in a key segment of its "Talent Solutions" division, which provides software tools for employers and recruiters, will slow to mid-20% in 2016 from 30% last year.
The company reported fourth-quarter adjusted earnings of 94 cents a share, above estimates of 78 cents.
TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said of LinkedIn: "Now LinkedIn is one of those episodic stocks where the company periodically just plain out disappoints and there's a lot of sturm und drang and then everyone "reit buys" -- reiterate their buy recommendations -- because it is a unique property that everyone uses.
"The problem is that it is highly valued and it has a $25 billion market cap so it isn't like another company is going to buy it. Oops, make that $20 billion," Cramer said.
6. -- Sports Authority is preparing to file for bankruptcy as it faces a debt payment due in 10 days, Bloomberg reported, citing people with knowledge of the matter.
The retailer, once the biggest sporting-goods chain in the U.S., is in talks with lenders including TPG Capital Management on a deal to reorganize in Chapter 11 bankruptcy proceedings, said the people. It's also mapping out a plan to close as many as 200 of its more than 450 stores under the bankruptcy plan, the people told Bloomberg.
7. -- State Street (STT - Get Report) is nearing a deal to acquire General Electric's (GE - Get Report) $115 billion asset management business, Reuters reported, citing people familiar with the matter.
State Street has prevailed over other bidders, including Goldman Sachs, for the business, and is now in the final stages of negotiating a deal with GE, the people told Reuters this week.
An agreement could come as early as this month and value GE's asset management business at as much as $500 million, the people added.
Adjusted earnings in the period were 24 cents a share, matching Wall Street estimates.
The timber and paper products company posted revenue of $1.73 billion in the period, which topped Street forecasts.