BEFORE THE OPEN

PRE-MARKET:

MARKETS:

• Flat stock futures post Tuesday losses; Dow down 0.05%, S&P 500, Nasdaq-100 flat.

• Interactive Brokers -3% after Q4 earnings miss.

• Tuesday: Dow -0.62%, S&P 500 -0.37%, Nasdaq -0.19%.

• Market eyes 65% chance of March Fed rate cuts via CME Group's FedWatch.

• Ongoing earnings season, major banks have reported.

• Waiting for December retail sales data; expected +0.4%.

• Wednesday earnings: Charles Schwab, U.S. Bancorp, Prologis.

• Fed's beige book, business inventories, NY Fed's John Williams remarks on agenda.

EARNINGS

What we’re watching this week:

• Today: Charles Schwab (SCHW)

  • Kinder Morgan (KMI) - expected: $.30 per share (-3.2% YoY) on $4.4 billion revenue (-3.7% YoY)

• Friday:

  • Travelers (TRV) - expected: $5.00 per share (+47% YoY) on $10 billion revenue (+13.1% YoY)

Full earnings calendar here

HEADLINES

Trump-Linked Stocks Jump After Former President's Emphatic Win in Iowa Republican Contest

China Misses Q4 GDP Estimates - Economic Growth Set to Slow in 2024. Here's What Wall Street Predicts:

• Fed’s Waller urges cutting rates ‘carefully’ if inflation cools (more)

• Pentagon awards $2.5 billion in satellite contracts to L3Harris, Lockheed Martin and Sierra Space (more)

• Supreme Court rejects Apple’s bid for epic app store review (more)

• Air freight rates could spike as Red Sea attacks disrupt shipments via sea (more)

• China goes all in at Davos (more)

• AMD shares jump 8% for highest close since 2021 (more)

• JetBlue’s $3.8B Spirit deal is turning into a nightmare (more)

• Boeing CEO to visit main 737 supplier as quality crisis grows (more)

• Google lays off hundreds of employees in advertising sales team (more)

• Tech layoffs continue after 'year of efficiency' (more)

• Microsoft CEO Satya Nadella says global consensus on AI is emerging (more)

• ChatGPT may rival flash boys in transforming markets (more)

• Amazon launches generative AI tool to answer shoppers’ questions (more)

• Vertex, Crispr get second FDA approval for gene editing therapy (more)

• Blackstone’s defaulted NYC office loan for sale at 50% discount (more)

• Zuckerberg to be deposed in Texas lawsuit over Meta facial scans (more)

• Business Insider stands by reports on wife of ex-Harvard President's critic (more)

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DEALFLOW

M & A | INVESTMENTS

• Burger King owner to buy biggest franchisee for $1 Billion (more)

• India's Adani Group raises stake in news agency IANS (more)

• IAG to offer remedies to EU for Air Europa deal (more)

• Ex-Barclays duo agree Panmure and Liberum investment bank merger (more)

• Thomas Cook owner in advanced talks to sell brand (more)

• Kroger, Albertsons need more time to close on $25B proposed merger (more)

• Thomson Reuters takes 54% stake in Pagero, raises buyout offer to thwart rival bids (more)

• General Atlantic to buy infrastructure investment firm Actis (more)

• Synopsys to buy engineering software firm Ansys in $35B deal (more)

• MAI buys Traverso Chambers (more)

• Össur, a provider of mobility solutions, acquired Fior & Gentz, a maker of lower limb neuro orthotic components (more)

• PE-backed MPearlRock buys Nutpods (more)

• Stellex-backed RTC acquires Vanderhorst Brothers Industries (more)

• H.I.G. Capital buys Patriot Pickle from Swander Pace (more)

• General Atlantic acquires Actis (more)

• Sentinel Capital Partners purchases Market Performance Group (more)

• Summit Partners invests in DocuSketch (more)

• Clever Real Estate, a real estate education and technology company, acquired Gravy Technologies, a startup that has built loyalty rewards platform for first-time home buyers (more)

• CollateralEdge, a FinTech solution company that enables community and regional banks to structure competitive commercial loans, received an investment from Phalanx Impact Partners (more)

• TPG invests $228M in Sayari (more)

• Core invests in Aviation Concepts (more)

• EQT, KKR among suitors for $5B Broadcom asset (more)

VC

• Fullcast, a RevOps software platform, raised $34M in Seed funding (more)

• Detected, a business onboarding tech company, raised $2.5M in funding (more)

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CRYPTO

• Crypto firm Ripple explored IPO outside of U.S. because of ‘hostile’ SEC, won’t go public soon (more)

• Wall Street CEO on Tether controversy: 'They have the money' (more)

• BlackRock wants to follow Bitcoin ETF with an Ethereum ETF (more)

BULLISH BITES

㊗️ Comeback: Japan’s market roars back to life—with old-timers leading the way.

💳 Perks: CNBC analyzed 111 rewards credit cards — here’s their No. 1 pick for best overall.

🤝 Win-win: Return-to-office wars are over — and hybrid won.

🚬 Up in smoke: Snoop Dogg’s ‘give up smoke’ campaign backfires, causing CEO of Solo Brands to step down.

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