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Monday, January 8, 2018

CES begins; Stocks pointing up; Pfizer changes?

1. Tech talk: The annual Consumer Electronics Show -- better known as CES -- is getting under way in Las Vegas and runs through Friday. Tech companies including LG, Samsung and Microsoft use the international show to wow the public with new gadgets. Announcements have already been trickling out ahead of the official opening Tuesday. Volkswagen and tech firm Nvidia revealed new advances for artificial intelligence in vehicles.
CNNMoney: Before The Bell
 
Where U.S. stocks are heading
Dow Futures   Nasdaq Futures   S&P Futures
+40.00   +2.50   +0.25
+0.16%   +0.04%   +0.01%
 
World Markets
Japan   China   U.K.
Nikkei 225   Shanghai Composite   FTSE 100
+208.20   +17.73   -2.87
23,714.50   3,409.48   7,721.35
+0.89%   +0.52%   -0.04%
 
Biggest Winners
NVIDIA Corp +2.30%
 
Advanced Micro Devices Inc +2.19%
 
Celgene Corp +1.49%
 
Caterpillar Inc +1.35%
Biggest Losers
Johnson Controls International PLC -2.39%
 
Incyte Corp -2.20%
 
Red Hat Inc -1.00%
 
Mylan NV -0.40%
 
News: What you need to know about the markets
 
 
CES begins; Stocks pointing up; Pfizer changes?
By Alanna Petroff
Monday, January 8th, 4:52am
 
1. Tech talk: The annual Consumer Electronics Show -- better known as CES -- is getting under way in Las Vegas and runs through Friday. Tech companies including LG, Samsung and Microsoft use the international show to wow the public with new gadgets.
 
Announcements have already been trickling out ahead of the official opening Tuesday. Volkswagen and tech firm Nvidia revealed new advances for artificial intelligence in vehicles.
 
This year, Intel's CEO will give a keynote address -- and perhaps answer some questions about the flaws in processing chips revealed last week that could make billions of devices vulnerable to hackers.
 
2. Fresh Apple fight: Two heavyweight investors say Apple should do more to combat iPhone addiction among young people.
 
California State Teachers' Retirement System and Jana Partners -- two major funds that own about $2 billion in Apple stock between them -- are pressuring the tech giant to take a stronger stance on the mental health effects of excessive smartphone use by children and teenagers.
 
The investors pointed to a number of studies highlighting the detrimental effects of smartphone addiction. They include being less attentive in class, insufficient sleep and a higher risk of depression and suicide.
 
The investors called on Apple to research and develop more sophisticated parental controls for phones, criticizing what's available at the moment.
 
3. Global market overview: U.S. stock futures are pointing up again after a record-setting run last week.
 
The Dow Jones industrial average, S&P 500 and Nasdaq are all poised to hit fresh all-time highs.
 
European stock markets are mostly rising in early trading after all Asian markets ended the day with small gains.
 
Before the Bell newsletter: Key market news. In your inbox. Subscribe now!
 
4. What to watch -- Pfizer: Shares in Pfizer could be in focus on Monday after the drug-maker reportedly announced it was abandoning research to find new drugs aimed at treating Alzheimer's and Parkinson's disease.
 
Download CNN MoneyStream for up-to-the-minute market data and news
 
 
Coming this week:
 
 
Tuesday -- CES officially starts
Thursday -- Delta earnings
Friday --
JPMorgan, Wells Fargo, BlackRock report earnings; December retail sales
 
 
Key Market Stats Latest Today's Change
Oil $61.80 +0.36 / +0.59%
Gold $1,321.30 -1.00 / -0.08%
10-yr 2.48% +0.02 / +0.94%
Euro $1.20 -0.00 / -0.33%
 
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