STOCKS/ECONOMY
-Stock futures are modestly higher after Thursday's 248-point loss for the Dow, smaller 0.2 percent drop for the S&P 500, and a 0.2 percent fall for the Nasdaq. Investors are reacting to the just-released November jobs report.
-That November jobs report showed a gain of 227-thousand jobs versus 214,000 expected.
-The yield on the 10-year Treasury bond is at 4.15 percent.
-Gold is at the $2,657 per ounce level. Bitcoin is at the $98,700 level.
-Asian markets closed mixed today, led by a 1.6 percent rally for the Hang Seng. The Nikkei fell 0.8 percent, and the Shenzhen rallied 1.5 percent higher.
OIL/ENERGY
-U.S. crude prices are down and back to the $67 a barrel level.
-Gasoline prices are down to $3.02 a gallon, national average.
-Chevron (CVX) is taking up to a $1.5 billion charge against earnings in this current quarter due to restructuring costs. Much of the charges are for job cuts and relocations planned for the next two years. Chevron shares are down slightly in the premarket, and are up just six percent for the year so far.
DEI DISSED
-A federal judge has nixed Boeing's (BA) settlement with the Justice Department over the 737 MAX accidents and other mishaps over the last six years. The judge surprised the litigators by saying he has little confidence the DOJ will administer the details of the settlement fairly because of the DEI programs at the Justice Department and how they lead to appointees who make decisions based on biased and discriminatory leanings.
EARNINGS STARTUP
-Lululemon (LULU) reported better than expected quarterly profits and revenues. European sales are rising, and making up for lagging sales in the U.S. Lululemon shares are up 9 percent in the premarket.
-Ulta Beauty (ULTA) reported better than expected quarterly profits and revenues, it also raised its full-year forecast. Ulta shares are up 10 percent in the premarket.
-Petco (WOOF) reported better than expected quarterly revenues and a smaller loss than expected. Its shares are up 22 percent in the premarket.
-Victoria's Secret (VSCO) reported better than expected quarterly revenues and also posted a smaller than expected loss. Its shares are up 3 percent in the premarket.
Jobs report 227K revision goldilocks
Petco looking good
speaking of looking good, victoria’s secret
extraordinary ruling in Texas on Boeing
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