Here are 10 things you should know for Monday, Feb. 8:
1. -- U.S. stock futures were pointing sharply lower Monday following a selloff Friday that was sparked by a U.S. nonfarm payrolls report for January that showed an increase of just 151,000 jobs, below estimates.
European stocks moved lower while Japan's Nikkei 225 rose 1.1%.
Markets in China and many other Asian markets are closed this week for Lunar New Year holidays.
2. -- The economic calendar in the U.S. on Monday is bare.
3. -- U.S. stocks on Friday ended lower in a brutal end to the week as equities entered another tailspin on a laundry list of worries.
Whether it was oil, the health of the U.S. economy, or a series of weaker earnings results across a number of sectors, investors had more than enough to push them into panic mode.
Stocks bottomed out near lows by market close on Friday. The S&P 500 fell 1.9%, the Dow Jones Industrial Average slid 1.3%, and the Nasdaq declined 3.3%.
4. -- China's foreign-exchange reserves fell to the lowest level since May 2012, The Wall Street Journal reported.
The People's Bank of China said the world's largest stockpile of foreign currency plunged by $99.5 billion last month, to $3.23 trillion. The drop follows a record $107.9 billion plunge in December and continues a decline that picked up speed in August, as China's exchange-rate policies started to appear to be in flux, the Journal noted.
5. -- Alphabet's (GOOGL - Get Report) Google is developing a new virtual-reality headset for smartphones, and adding extra support for the technology to its Android operating system, the Financial Times reported.
The new headset will be a successor to Cardboard. the mobile VR viewer that Google launched in 2014, and will feature better sensors, lenses and a more solid plastic casing, people familiar with Google's plans told the FT. The smartphone-based device will be similar to the Gear VR, a collaboration between Samsung and Facebook's (FB - Get Report) Oculus that went on sale late last year, the FT said.
Google is expected to release its rival headset, alongside new Android VR technology, this year.
Alphabet and Facebook are holdings in Jim Cramer's Action Alerts PLUS portfolio.
6. -- Credit Suisse (CS - Get Report) CEO Tidjane Thiam asked the bank's board to slash his 2015 bonus by between 25% and 50%, after the Swiss bank reported its first full-year loss in eight years, according to the Financial Times.
"[Thiam] asked the board to cut the bonus awarded to him for 2016 as an act of solidarity given the difficult year the bank has had and the fact that bonuses have been cut elsewhere across the group," said a spokesman for Credit Suisse.
The No. 2 light-vehicle seller in the U.S. plans to add 500,000 units of annual Mexican capacity starting in 2018, more than double what it built in 2015, the Journal reported, citing people briefed on the plan. The plan mirrors General Motors' $5 billion investment to double Mexican capacity by 2018.
The company said stores will open at 3 p.m. in their local time zones, instead of the usual 11 a.m. Chipotle said it expects about 50,000 employees to go to more than 400 locations, such as movie theaters and hotel conference rooms, where remarks by company executives will be shown live.
The meeting comes after Chipotle saw its sales slammed by food scares, including an E. coli outbreak and norovirus cases. In January, same-store sales plunged 36%.
9. -- Von Miller and the Denver Broncos defense harassed Carolina Panthers quarterback Cam Newton all game Sunday, and the Broncos made enough big plays for a 24-10 victory in Super Bowl 50.