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Here are five things you must know for Thursday, Jan. 19:

1. -- U.S. stock futures slipped Thursday ahead of data on the U.S. housing market and a policy meeting from the European Central Bank.

European stocks declined Thursday ahead of the ECB meeting. No change is expected in either the bank's key lending rates or its quantitative easing program. Asian equities finished the session mixed. 

Wall Street ended mixed on Wednesday following comments from Federal Reserve Chair Janet Yellen that drove interest rate hike speculation.

In a speech at the Commonwealth Club in San Francisco, Yellen said she anticipates a few interest rate hikes per year through the end of 2019. Yellen said the central bank aims to have rates at the "longer-run neutral rate of 3%" by then. However, ever the dove, she did note that slow productivity growth would likely hinder a more aggressive path forward. 

The S&P 500 gained 0.18% on Wednesday, the Dow Jones Industrial Average fell 0.11%, and the Nasdaq gained 0.31%.

As for Thursday, the economic calendar in the U.S. includes weekly Jobless Claims at 8:30 a.m. EST, Housing Starts for December at 8:30 a.m., the Philadelphia Fed Business Outlook Survey for January at 8:30 a.m., and Crude Inventories for the week ended Jan. 13, at 10:30 a.m.

Yellen is scheduled to give a speech on "The Economic Outlook and the Conduct of Monetary Policy" at the Stanford Institute for Economic Policy Research in Stanford, Calif., at 8 p.m. on Thursday.

Earnings are expected Thursday from American Express  (AXP - Get Report) , BB&T  (BBT - Get Report) , IBM  (IBM - Get Report) , Keycorp  (KEY - Get Report) and Union Pacific  (UNP - Get Report) .

2. -- Netflix ( NFLX - Get Report) was rising 7.6% in premarket trading on Thursday after  the streaming giant easily beat subscriber estimates in the fourth quarter.
Netflix said it added 1.93 million new U.S. subscribers during the quarter, easily surpassing Wall Street's expectations for 1.4 million new domestic subscribers. The company also added 5.12 million new international subscribers, crushing forecasts that called for 3.7 million new international subscribers.

The company noted in a letter to shareholders that more than 47% of its subscribers are now based outside of the U.S. 

"This growth was very broad based geographically as our original content continues to be well-received all over the world," Netflix said on Wednesday. 

Adjusted earnings in the fourth quarter were 15 cents a share on revenue of $2.48 billion. Analysts surveyed by FactSet were looking for adjusted earnings of 13 cents a share on revenue of $2.47 billion.
For the first quarter of fiscal 2017, Netflix said it expects to add 1.5 million U.S. and 3.7 million international subscribers. Analysts were looking for U.S. subscriber additions of 1.8 million and international subscriber additions of 3.2 million in the first quarter.
3. -- Hunter Harrison, the railroad veteran who teamed with Bill Ackman to spearhead a revamp of Canadian Pacific Railway ( CP - Get Report) , is reportedly teaming up with another activist to target CSX  ( CSX - Get Report) .

Harrison and Paul Hilal, who left Ackman's Pershing Square Capital Management last year to go out on his own, are aiming to shake up management at CSX and put the 72-year-old former Canadian Pacific CEO into a senior management position,  The Wall Street Journal reported.

Hilal worked on the Canadian Pacific campaign while at Pershing Square.

The report confirms speculation that surfaced earlier Wednesday after Harrison announced an abrupt departure from Canadian Pacific months before his planned retirement. The company said that as part of the separation it had agreed to a limited waiver of Harrison's non-competition obligation in return for the executive agreeing to forfeit "substantially all benefits" he was entitled to.

Shares of CSX, which had closed down more than 3% on Wednesday following the company's earnings release, climbed 12.5% in after-hours trading.


4. -- The U.S. Department of Defense and Lockheed Martin (LMT - Get Report)  are close to reaching a deal on a contract worth almost $9 billion that would bring the price per F-35 fighter jet below $100 million for the first time, people familiar with the talks told Reuters.

The high costs of the F-35 program -- the Pentagon's most expensive arms program -- have drawn fire from President-elect Donald Trump.

Talks are still ongoing for the 10th batch of stealthy fighter jets with a deal for 90 planes expected to be announced by the end of the month, three people told Reuters.

A Lockheed representative declined to comment for Reuters and a representative for the fighter program said negotiations are ongoing.

The Defense Department expects to spend $391 billion in the coming decades to develop and buy 2,443 F-35 jets. Though the program has been criticized by Trump as too expensive, the price per jet has already been declining, according to Reuters. Lockheed, the prime contractor, and its partners have been working on building a more cost-effective supply chain to fuel the production line for the jets.

5. -- Steve Mnuchin, President-elect Trump's pick to head the Treasury Department, has his confirmation hearing scheduled before the Senate Finance Committee on Thursday. Investors will be listening on whether Mnuchin supports Trump's abandonment of the strong dollar policy, and also hope to get a better reading on how the new administration will approach the economy. 

Senators are also sure to ask Mnuchin about one of his investments -- sub-prime mortgage lender IndyMac.

Mnuchin has defended his role in the purchase of the failed bank, whose collapse in 2008 was the second biggest bank failure of the financial crisis, the Associated Press noted. Mnuchin, who assembled a group to buy the bank from the government, renamed it OneWest and turned it around, selling it for a handsome profit to CIT in 2014.

But critics have cited the bank's foreclosure policies under Mnuchin as a prime example of the kind of Wall Street greed that Trump campaigned against, according to the Associated Press.