STOCKS/ECONOMY
-Stock futures are lower after Tuesday's 134-point gain for the Dow, larger 0.7 percent rise for the S&P 500, and a 1.2 percent rally for the Nasdaq. Investors are more bearish this morning on tech after seeing Google parent Alphabet's weaker revenue numbers.
-The ADP private payroll report says the U.S. saw 183,000 new private sector jobs added in January. That's compared to the 150,000 private sector job gain economists were expecting.
-The yield on the 10-year Treasury bond is down to 4.46 percent.
-The average 30-year mortgage rate fell to 6.97 percent from 7.02 percent the week before. But demand for new mortgages still fell by 4 percent. Refinance applications rose 12 percent.
-Gold is up to the $2,895 per ounce level. Bitcoin is at the $98,300 level.
-Asian markets closed mixed today. The Hang Seng fell 0.9 percent, the Nikkei rose 0.1 percent and the Shenzhen also rose 0.1 percent.
OIL/ENERGY
-U.S. crude prices are down and at the $71 a barrel level.
-Gasoline prices are up to $3.12 a gallon, national average.
GOOGLE GLITCH
-Google parent Alphabet (GOOGL) posted disappointing quarterly revenue numbers, and spooked investors with the level of its AI spending. Alphabet shares are down 7 percent in the premarket.
OTHER KEY EARNINGS
-Disney (DIS) reported better than expected quarterly profits and revenues. But it saw a decline in Disney+ subscribers and warned of a slight drop in subscribers it expects to suffer in the current quarter. Disney shares are down 1 percent in the premarket.
-Uber (UBER) reported better than expected quarterly revenues, but issued weaker than expected forward earnings guidance. Uber shares are down 5 percent in the premarket.
-Chipotle (CMG) reported weaker than expected same-store sales for the Christmas season quarter. Its shares are down 5 percent in the premarket.
-Mattel (MAT) reported better than expected quarterly profits and revenues. It also projected 2 percent to 3 percent revenue growth for the coming year. Mattel shares are jumping 12 percent higher in the premarket.
-Video game company Electronic Arts (EA) reported better than expected quarterly profits and revenues, and announced a $1 billion stock buyback. Its shares are up 3 percent in the premarket.
-Chipmaker Advanced Micro Devices (AMD) reported weaker than expected revenues for its data center business. AMD shares are down 10 percent in the premarket.
DEALS/NO DEALS
-Honda (HMC) and Nissan are reportedly considering calling off their merger plans. Honda shares are up 6 percent in the premarket. Nissan shares fell 12 percent in overseas market trading today.
-Toyota (TM) announced plans to form a new company in China to make electric vehicles. Its shares are up 3 percent in the premarket.
MAIL FIGHT
-After a brief pause, the U.S. Postal Service says it will resume delivering packages from mainland China and Hong Kong in the U.S.
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