Wall Street positions ahead of last jobs number before Trump-era
To view this email as a web page, go to the link below, or copy and paste it into your browser's address window. https://view.response.cnbc.com/?qs=e3402c8abd79fc0550dd992264444a6eb9cc2dda7cc02b7f7e8c88d7de789c1eeecb76d2dccd3a60f91aeeaab172772bcbec87013a5b53cf29f1551857d39276CNBC | Morning Squawk To view this email as a web page, click https://view.response.cnbc.com/?qs=e3402c8abd79fc0550dd992264444a6eb9cc2dda7cc02b7f7e8c88d7de789c1eeecb76d2dccd3a60f91aeeaab172772bcbec87013a5b53cf29f1551857d39276 here. https://click.response.cnbc.com/?qs=b8dc4bac1d9eebf7a7a9fb102f68c2222cfe5815bf8e44c94f499a0ed42a2b2207c96fd15f2caf10 https://click.response.cnbc.com/?qs=b8dc4bac1d9eebf7f8c2de72f15606eabbba74cb211be4986af845ad064a73e17165055556121cad IN THE NEWS TODAY In the final employment report under President Barack Obama and before Donald Trump takes office, the Labor Department is expected to report, at 8:30 a.m. ET, https://click.response.cnbc.com/?qs=b8dc4bac1d9eebf7c49635fd050e66e7ffa388b4087c0220368781f8ea94cb33ebe47ec6b254df2e nonfarm payroll growth of 178,000 positions for December. (CNBC)Economists also https://click.response.cnbc.com/?qs=b8dc4bac1d9eebf75ef38fff02cafff8183d9d9b5bde7633578bb025e12fa49228d332c96fcbd3be expect a slightly higher unemployment rate at 4.7 percent for last month, and an average hourly earnings increase of 0.3 percent compared to November's 0.1 percent decline. (CNBC)Ahead of the jobs data, U.S. stock futures were lower this morning, as https://click.response.cnbc.com/?qs=b8dc4bac1d9eebf7e6863c44f5533c9071e401e47396539ed10ad12c04005fd9e24cad9e1ad5344d some uncertainty also crept into the market on Thursday about Trump's skepticism of U.S. intelligence assertions of Russian hacking aimed at disrupting the election. (CNBC) https://click.response.cnbc.com/?qs=b8dc4bac1d9eebf7e89e4ac66e34bd93f268a516c633d080ea27d4c994573e126aa3896d8e8f3320 https://click.response.cnbc.com/?qs=b8dc4bac1d9eebf731b58ac0decf0112bc96fae1ebd26be567c6e774e922528d69d61457caefb91a https://click.response.cnbc.com/?qs=b8dc4bac1d9eebf72c1c2a15e39ad2907c27462ff81a82e36b6789a4d6b0bec66790e18d5026f62b A report on Russian hacking delivered to President https://click.response.cnbc.com/?qs=b8dc4bac1d9eebf75505416476d100b8fd6e1966c5a0530128a117d4fe039fc2617b3a2f2c2aae78 Obama Thursday says that U.S. intelligence picked up senior Russian officials celebrating https://click.response.cnbc.com/?qs=b8dc4bac1d9eebf773de409097fad0e395e83feb98edc37ea3a6ed288967d56f46a7ab07684855d0 Donald Trump 's win, a senior American official https://click.response.cnbc.com/?qs=b8dc4bac1d9eebf718a08dc13e68255e0ea9619e8c40625dd8191f165a1c5279f5ffa164f31ae3aa confirmed to NBC News . https://click.response.cnbc.com/?qs=b8dc4bac1d9eebf76cf5eff7970c081974b828dcc5b3bc90ba2e69df27634c64ce401aaded0f5228 Trump is set to get a briefing today from top intelligence officials, following Thursday's Senate hearing, during which they made their most detailed case yet of Russia's election interference. (CNBC) James Woolsey, director of Central Intelligence under President Bill Clinton, https://click.response.cnbc.com/?qs=b8dc4bac1d9eebf720b8f39c8d5f171ef7810189eebf07db0e5f81c1ca01c164e5151845e943b926 has left Trump's transition team. The ex-spy chief was said to be uncomfortable with Trump's decisions on intel matters. (NBC News) While defending the Obama administration against Trump criticism about transition cooperation, https://click.response.cnbc.com/?qs=b8dc4bac1d9eebf767f6e6ba33cdf34436bed50a32d501412dce2e29e43444a0ac73137125b7afca Vice President Joe Biden said the president-elect's public criticism of the intelligence community was "dangerous." (PBS) A joint session of Congress https://click.response.cnbc.com/?qs=b8dc4bac1d9eebf79b55846c7c05b8855f577979974094bdfddd3f288d6954a2d2f7c11e3bb803fb is set to count the Electoral College votes today, a traditional ending to a most unconventional presidential election to confirm Trump as the winner. (AP) James Mattis, the retired Marine general Trump picked to lead the Defense Department, https://click.response.cnbc.com/?qs=b8dc4bac1d9eebf71186faf7ac6b7266a1bf277802f694ae619576c1c23887b2f6bda795da49c798 has reportedly resigned from the board of embattled blood testing startup Theranos. (WSJ) https://click.response.cnbc.com/?qs=b8dc4bac1d9eebf7c61718e8c88dd8325b76c45b74363f2619bea671980aa6dbc62d2ee8114f2087 In a tweet this morning , Trump defended a plan that would see the U.S. initially pay for a border wall with Mexico. The effort, he wrote, will be "paid back by Mexico later." (USA Today)The repeal of Obamacare will cost three million jobs and $1.5 trillion loss in gross state product, https://click.response.cnbc.com/?qs=b8dc4bac1d9eebf71b519850fee7c54b4659a93ccdabceac934fc4bf82b43ad96afb4a71d4a9d69d according to a new study aimed at determining the state-by-state impact. (CNBC) https://click.response.cnbc.com/?qs=b8dc4bac1d9eebf7d43e5bc60316c311b0402fec94052621dcdede88f18ea392f65fa6e451efca0b Americans are divided almost equally on whether Obamacare should be repealed, a new survey said. Opponents of the law are also split on whether repeal should happen without a replacement ready. (CNBC) Bucking disappointing holiday numbers from Macy's and Kohl's, Gap (GPS) https://click.response.cnbc.com/?qs=b8dc4bac1d9eebf7af604968b0013d65d50dd13e8f77724eb06a7e5ddab32d3367088f89efaf289f reported a surprise 4 percent increase in December same-store sales. The stock was surging about 9 percent in premarket trading. (Reuters) https://click.response.cnbc.com/?qs=b8dc4bac1d9eebf7408ab8280c6b4a2a7db7b28afa901a7b07733140dc4187e566eeebc1fa58655f In another challenge to Apple (AAPL) and Samsung, Chinese smartphone maker Huawei is making its Mate 9 device available in the U.S. today, through Best Buy and Amazon for $599.99. (CNBC) Samsung https://click.response.cnbc.com/?qs=b8dc4bac1d9eebf7517c13f359b4dcc214555fb4e136d7cf72df4d5b6da833e81050feddd1e57171 predicted a near 50 percent jump in fourth-quarter operating profit, with its components business expected to offset declines in its mobile unit that was marred by the Galaxy Note 7 debacle. (CNBC) LG Electronics https://click.response.cnbc.com/?qs=b8dc4bac1d9eebf790e7a13da0f0844a95ddd673c46a7da9a60eef800015fdb2d53daf37ae30391b is warning of a first quarterly operating loss in six years for October-December, a drop analysts pinned on continued mobile losses and seasonally weaker appliances sales. (Reuters) Boeing (BA) https://click.response.cnbc.com/?qs=b8dc4bac1d9eebf7a152d9b6366188063f3c7931c2d24d732ca309a3b92bc8435001e008f8da9efe is due to report final order and delivery numbers for 2016 today. Analysts believe the world's biggest plane maker may fall short of targets, raising questions about next year. (CNBC) The winter weather system that's buried much of the West under record snow https://click.response.cnbc.com/?qs=b8dc4bac1d9eebf70fa9dec28a041ab7d5d9c19c708e2ea76069c9690bff37e0223fb18518cf2602 was racing east — on course to slam Alabama, Georgia, and the Carolinas with snow and ice that authorities warned could be historic. (NBC News) BY THE NUMBERS With stocks around record highs, the "January effect" — the notion that the first month of the year is usually bullish — https://click.response.cnbc.com/?qs=b8dc4bac1d9eebf7eaee4fc7265421a46c20745a439f570b8243707e9d79339fc54ec8e5fa07dc2c appears to be fading , according to an analysis of more recent history by Goldman Sachs. Investors funneled $2.4 billion into U.S.-based stock funds during the week ended Jan. 4, according to Lipper, making the https://click.response.cnbc.com/?qs=b8dc4bac1d9eebf76fd31bf21c4534cbaa8f6d96e7f3f8a913b42423888d1af73b024784129ea770 second straight week of inflows . Taxable bond funds took in $1.2 billion, after three weeks of withdrawals.International trade data for November is also out at 8:30 a.m. ET, but likely to get lost in the simultaneous release of the December jobs report. November Factory orders are issued at 10 a.m. ET. Three Fed officials are speaking today, with Chicago Fed President Charles Evans at 11:15 a.m. ET, Richmond Fed President Jeffrey Lacker at 1 p.m. ET, and Dallas Fed President Robert Kaplan at 3:30 p.m. ET. Frontier Airlines is preparing for an initial public offering, according to The New York Times. The Denver-based low- cost carrier is hoping to raise $500 million for a value of $2 billion. STOCKS TO WATCH Swiss pharma giant Novartis (NVS) is teaming up with California-based Ionis Pharmaceuticals (IONS) to license two cardiovascular treatments in a deal that could eventually be worth more than $1 billion.Regeneron (REGN) and Sanofi (SNY) plan to appeal a U.S. court ruling that bans them from selling their cholesterol drug because the treatment infringes on Amgen (AMGN) patents. Shake Shack (SHAK) said CFO Jeff Uttz plans to retire in March. The burger chain is also naming its first COO, Zach Koff, who's been part of the executive team since the 2015 IPO. WATERCOOLER https://click.response.cnbc.com/?qs=b8dc4bac1d9eebf74319416e25cc03e4f95a09bab8859455af76fc728fe95a092599b71ad1d7d50f Norway is set to become the first nation to start switching off its FM radio network next week, in a risky and unpopular leap to digital technology that's going to be watched around the world. (CNBC) Grammy-winning British popstar Ed Sheeran, back from taking a year off, https://click.response.cnbc.com/?qs=b8dc4bac1d9eebf72a96460ebcecc98715ba0acfb251194c468737e3481d40a8ba4c989b4eb1be1e released two new songs today, after putting out a 30 second teaser in a Snapchat lens filter. (CNBC) CONTRIBUTORS https://click.response.cnbc.com/?qs=b8dc4bac1d9eebf73577bb6b55c5626d49c693e5ff19244a6b6983b7bda1538031e801704c20db1f https://click.response.cnbc.com/?qs=b8dc4bac1d9eebf73577bb6b55c5626d49c693e5ff19244a6b6983b7bda1538031e801704c20db1f Matthew J. 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