STOCKS/ECONOMY
-Stock futures are flat after Tuesday's 670-point loss for the Dow, smaller 1.2 percent selloff for the S&P 500, and a 0.4 percent loss for the Nasdaq. Investors are hoping for a compromise on the new tariffs on Canada and Mexico as they are now in effect for the second day.
-The ADP private sector jobs report showed a gain of 77,000 jobs, far less than the 148,000 expected.
-The yield on the 10-year Treasury bond is up to 4.23 percent.
-The average 30-year mortgage rate fell to 6.73 percent last week from 6.88 percent the week before. That pushed new mortgage applications up by 9 percent and refinance applications soared by 37 percent.
-Gold is at the $2,925 per ounce level. Bitcoin is at the $89,900 level.
OIL/ENERGY
-U.S. crude prices are down and back to the $67 a barrel level.
-Gasoline prices are up to $3.10 a gallon, national average.
EARNINGS SCORECARD
-Foot Locker (FL) reported better than expected quarterly profits, but missed revenue estimates. Its shares are up 2 percent in the premarket.
-Abercrombie & Fitch (ANF) reported better than expected quarterly profits and revenues, but also posted weak forward guidance. Its shares are down 8 percent in the premarket.
WALL STREET CUTS
-Goldman Sachs (GS) is preparing to make about 1,500 job cuts globally, mostly for employees with the "vice president" title. Goldman Sachs shares are slightly higher in the premarket.
AIR CUTS
-Southwest Airlines (LUV) is cutting two flight attendant bases as part of the company's major cost-cutting push. Its shares are up 1 percent in the premarket.
CYBER WOES
-Cybersecurity firm CrowdStrike (CRWD) posted disappointing forward income guidance. Its shares are down 8 percent in the premarket.
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