Updated from 6:08 a.m. EST
If you'd like to receive "5 Things" in your email inbox every morning, please register for TheStreet Alerts and follow me.
Here are five things you must know for Monday, Jan. 9:
1. -- U.S. stock futures were pointing to a mixed start Monday, with futures for the Dow Jones Industrial Average slightly lower, following Friday's stock market gains that put the Dow agonizingly close to the 20,000 milestone.
The Dow came within a point of the level in Friday's afternoon session before backing off. It finished with a gain of 36 points at 19,963.
Britain's FTSE 100 touched an all-time high Monday amid a slump in the pound on foreign exchange markets, contrasting an overall bearish tone for European equities.
The pound weakened nearly 1% against the U.S. dollar overnight after Prime Minister Theresa May seemed to suggest in an interview that Britain is headed for a full withdrawal from the European single market. The pound hit its lowest level against the U.S. dollar in more than two months. The British currency was trading recently down 0.9% at 1.2172.
The economic calendar in the U.S. on Monday includes Consumer Credit for November at 3 p.m. EST.
Boston Federal Reserve Bank President Eric Rosengren is scheduled to give the keynote address at the Connecticut Business & Industry Association's Economic Summit in Hartford, Conn., at 9 a.m., while Dennis Lockhart, president of the Atlanta Fed, will give a speech on monetary policy to the Rotary Club of Atlanta, at 12:40 p.m.
CEO Mary Barra said the auto business has long lead times for where it produces vehicles.
"This is a long-lead business with high capital-intensive investments, decisions that were made two, three and four years ago," Barra said Sunday. "When you look at the Cruze sedan, the Cruze sedan for U.S. consumption is being built here."
GM builds Cruze sedans at its Lordstown Assembly Plant in northeast Ohio and new hatchback versions that went on sale last fall in Mexico. About 4,500 were sold last year, according to the Associated Press.
Trump, in a tweet last week, threatened GM with a border tax for importing the compact Chevrolet Cruze to the U.S. from Mexico.
Meanwhile, Fiat Chrysler (FCAU - Get Report) said it would invest $1 billion to modernize two U.S. factories and create 2,000 jobs, boosting efforts to make SUVs and pickup trucks that American consumers desire.
Fiat Chrysler plans to retool factories in Ohio and Michigan to build new Jeep sport utility vehicles, including a pickup truck, and potentially move production of a Ram heavy-duty pickup truck to Michigan from Mexico, Reuters reported.
The automaker's investment decisions weren't related to Trump's recent attacks on GM, Ford and Toyota for building cars for the U.S. market in Mexico, people familiar with company's moves told Reuters.
Fiat Chrysler shares rose 2.2% in premarket trading on Monday.
3. -- The FBI arrested a Volkswagen (VLKAY) executive who faces charges of conspiracy to defraud the United States, two people with knowledge of the arrest told The New York Times on Sunday.
The arrest marks the escalation of the criminal investigation into the automaker's diesel emissions cheating scandal, the Times noted.
Oliver Schmidt, who led Volkswagen's regulatory compliance office in the U.S. from 2014 to March 2015, was arrested on Saturday by investigators in Florida and is expected to be arraigned on Monday in Detroit, said the two people, the Times reported.
Lawyers representing Schmidt didn't respond to requests for comment late Sunday. Officials at the Justice Department also declined to comment, as did an FBI spokesman in Detroit.
A spokeswoman for Volkswagen said the automaker "continues to cooperate with the Department of Justice" but that "it would not be appropriate to comment on any ongoing investigations or to discuss personnel matters."
Separately, Volkswagen shares jumped in Germany after the automaker said it saw growth in car deliveries in 2016.
The stock rose 2.85% to a 52-week high of €147.23, extending the three month gain to 12%. The share price also is the highest since Sept. 18, 2015, when news of the company's emissions-rigging scandal first surfaced.
VW said Monday global sales of Volkswagen passenger cars in 2016 rose 2.8% from a year earlier to 5.99 million vehicles. The automaker added that deliveries in December jumped 16.4%.
CITIC Capital Holdings and CITIC Ltd. (CTPCY) , two investment vehicles controlled by the Chinese state, will own 52% of a new partnership and company formed in mainland China and Hong Kong that will hold a 20-year lease on group operations. Carlyle Group will own a 28% stake while McDonald's will have a 20% interest, McDonald's said in a statement.
McDonald's shares rose 0.4% in premarket trading.
5. -- Merrimack Pharmaceuticals (MACK) shares soared 47% in premarket trading after it reached a deal to sell to some assets, including pancreatic cancer drug Onivyde, to French drugmaker Ipsen, and said it would eliminate about 80% of its staff as it refocuses its pipeline.