Updated from 6:08 a.m. EST
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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.
2. -- General Motors (GM) said it won't change its production plans for the Mexican-built Chevrolet Cruze Hatchback, despite criticism from President-elect Donald Trump.
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) 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.