1. The A380 is dead: Airbus has announced the end of its A380 program after the superjumbo jet failed to deliver on outsized expectations. Shares in Airbus were up 5% in Paris after the company announced the A380 news and said its profits grew 30% over the previous year in 2018.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | +100.00 | | +27.00 | | +8.75 | | +0.39% | | +0.38% | | +0.32% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | -4.77 | | -1.37 | | +22.71 | | 21,139.71 | | 2,719.70 | | 7,213.55 | | -0.02% | | -0.05% | | +0.32% | | | |
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| Biggest Winners | | Cisco Systems Inc | +3.81% | | | | Freeport-McMoRan Inc | +1.46% | | | | Lam Research Corp | +1.36% | | | | Synchrony Financial | +1.17% | | | Biggest Losers | | CenturyLink Inc | -12.72% | | | | NetApp Inc | -8.31% | | | | MGM Resorts International | -1.81% | | | | Align Technology Inc | -1.64% | | | | | | | | |
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| News: What you need to know about the markets | | | | | | | Airbus scraps the A380; Nestle turnaround; US-China trade talks | | By Ivana Kottasová, CNN Business | | | | 1. The A380 is dead: Airbus has announced the end of its A380 program after the superjumbo jet failed to deliver on outsized expectations. | | | | Shares in Airbus were up 5% in Paris after the company announced the A380 news and said its profits grew 30% over the previous year in 2018. | | | | The European plane maker announced it will stop delivering A380s in 2021 after its key customer, Dubai-based airline Emirates, slashed its orders for the huge jetliner. | | | | "It's a painful decision," Airbus CEO Tom Enders said during a conference call with analysts. "We've invested a lot of effort, a lot of resources and a lot of sweat into this aircraft." | | | | "But obviously we need to be realistic," he added. "With the decision of Emirates to reduce orders, our order backlog is not sufficient to sustain production." | | | | 2. Nestle turnaround: Shares in Nestle jumped more than 3% after the Swiss food company said its sales grew 3% in 2018 compared to a year earlier. | | | | The maker of KitKat, Smarties and Nespresso has struggled in recent years to keep up with changing consumer tastes. But it said Thursday that a shift to growth areas such as plant-based products was paying off. | | | | "We saw revived growth in our two largest markets, the United States and China, as well as in our infant nutrition business," CEO Mark Schneider said in a statement. | | | | 3. Trade talks: A third round of high-level trade talks between the United States and China is underway in Beijing. | | | | Talks between US Trade Representative Robert Lighthizer, US Treasury Secretary Steven Mnuchin and China's Vice Premier Liu He could yield a breakthrough that would prevent higher tariffs on $200 billion of Chinese goods. | | | | Investors have been optimistic about the negotiations, especially after President Donald Trump said he would be willing to stretch his March 1 deadline if it appeared the two sides are close to a deal. | | | | 4. Global market overview: US stock futures were pointing higher. | | | | European markets mostly opened with gains, while stocks in Asia struggled to find direction. | | | | The Dow Jones industrial average closed up 0.5% on Wednesday, well off its session highs. The S&P 500 added 0.3% and the Nasdaq gained 0.1%. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | 5. Earnings and economics: Canada Goose, Coca-Cola and Six Flags will release earnings before the open. | | | | CBS, Ellie Mae and NVIDIA will release earnings after the close. | | | | The US Census Bureau will publish its retail sales report for December at 8:30 a.m. ET. | | | | Germany has narrowly avoided a recession by posting 0% growth in the fourth quarter. Economists are hopeful that Europe's biggest economy will recover its momentum, but there are major risks ahead. | | | | "While the risks loom large, chances are that a brighter spring could still follow the grey winter if trade tensions do not escalate badly, China escapes a hard landing and the UK avoids a hard Brexit," economists at Berenberg bank wrote in a note to clients. | | | | | | | |
| | | | | | Thursday — US holiday retail sales; Coca-Cola, CBS, Nvidia report earnings
Friday — Newell Brands and Pepsi report earnings | | | | | | | |
| Key Market Stats | Latest | Today's Change | | | Oil | $54.49 | +0.59 / +1.09% | | | Gold | $1,308.70 | -6.40 / -0.49% | | | 10-yr | 2.71% | +0.02 | | | Euro | $1.13 | +0.00 / +0.10% | | | |
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