Jobs report; Trouble in China; Deutsche Bank doubts

1. Not your average jobs report: The longest US government shutdown in history has left experts guessing what the January jobs report that's due before the bell on Friday will look like. The Bureau of Labor Statistics said this week that the 800,000 federal workers that were furloughed or asked to work without pay through January 25 will count as employed in the establishment survey, which generates the headline payrolls number.

Where U.S. stocks are heading Dow Futures   Nasdaq Futures   S&P Futures +32.00   -29.00   -1.00 +0.13%   -0.42%   -0.04%

World Markets Japan   China   U.K. Nikkei 225   Shanghai Composite   FTSE 100 +14.90   +33.66   +47.23 20,788.39   2,618.23   7,016.08 +0.07%   +1.30%   +0.68%

Biggest Winners Chevron Corp +1.61%   Starbucks Corp +1.25%   United Technologies Corp +0.99%   Johnson & Johnson +0.97% Biggest Losers Amazon.com Inc -4.27%   CVS Health Corp -2.36%   AbbVie Inc -2.35%   LyondellBasell Industries NV -1.43%

News: What you need to know about the markets     Jobs report; Trouble in China; Deutsche Bank doubts By Charles Riley, CNN Business   1. Not your average jobs report: The longest US government shutdown in history has left experts guessing what the January jobs report that's due before the bell on Friday will look like.   The Bureau of Labor Statistics said this week that the 800,000 federal workers that were furloughed or asked to work without pay through January 25 will count as employed in the establishment survey, which generates the headline payrolls number.   But the 380,000 employees who were furloughed — those who didn't work and weren't paid during the shutdown — will be counted as unemployed in the household survey, which is used to calculate the unemployment rate.   Initial claims for unemployment reached a 49-year low in late January, indicating that few of the approximately 4 million workers that depend on federal contracts lost their jobs. The most recent weekly jobless claims, however, surged to their highest level since September 2017.   It's a lot to untangle. Economists polled by Refinitiv estimate that employers added 165,000 jobs last month — a drop from the average of 220,000 jobs per month over the past year. They expect the unemployment rate to hold steady at 3.9%.   2. Trump's trade optimism: President Donald Trump was optimistic as another round of trade talks between the United States and China concluded on Thursday, saying a sweeping agreement was possible.   Still, Trump said he was prepared to enact new sanctions and increase existing ones if a deal isn't struck. And he suggested a handshake deal instead of a firmer agreement could extend negotiations beyond the month's end, though the White House later insisted March 1 was a "hard deadline."   Asked in the Oval Office, where he was meeting with China's top negotiator, whether a deal was possible, Trump said he wasn't sure.   "We have to get this put on paper at some point if we agree," the president said, the president said, adding that on some points, "we don't agree ... but I think we will agree."   3. Trouble in China: The latest purchasing managers index survey, conducted by media group Caixin and research firm Markit, dropped to 48.3 in January.   That's the lowest level for the closely watched index since February 2016. It coincides with weak manufacturing data for January throughout Asia, raising fears about a global economic slowdown.   "With the headwinds from cooling global growth and the lagged impact of slower credit growth set to intensify, China's economy is likely to weaken further over the coming months," said Shilan Shah, senior economist at Capital Economics.   4. Deutsche Bank doubts: Germany's biggest bank on Friday posted its first annual profit since 2014, but a weak performance in the fourth quarter raises questions over its strategy.   Deutsche Bank lost €409 million ($468 million) in the final three months of 2018. The bank said the losses were caused by challenging financial markets, especially for its fixed income trading division.   Shares in the lender were down 2% in Frankfurt.   Christian Sewing, the CEO of Deutsche Bank, is cutting costs and reducing the company's headcount as part of an overhaul. Still, analysts predict the bank could soon merge with another European lender.   5. Global market overview: US stock futures were mixed.   European markets opened in positive territory. Stocks in Asia were mixed.   The Dow closed down 0.1% on Thursday. The S&P 500 added 0.9% and the Nasdaq gained 1.4%.   Before the Bell newsletter: Key market news. In your inbox. Subscribe now!   6. Earnings and economics: Chevron, CIGNA, Exxon Mobil, Honeywell, Madison Square Garden and Merck will release earnings before the open.

Coming this week:     Friday — Jobs report; Exxon and Chevron report earnings

Key Market Stats Latest Today's Change Oil $53.82 +0.03 / +0.06% Gold $1,325.70 +0.50 / +0.04% 10-yr 2.64% -0.06 Euro $1.15 +0.00 / +0.18%

Hi, let us know what you think of this newsletter!   Tell us what you want to read more of... and less of. Email your tips and feedback to BeforeTheBellFeedback@cnn.com

Tips, thoughts or questions are always welcome at BeforeTheBellFeedback@cnn.com.   ® © 2019 Cable News Network Inc. A WarnerMedia Company. All Rights Reserved. You are receiving this message because you subscribed to CNN Business's "Before The Bell" newsletter. Our Mailing address is: Cable News Network, Inc. Attention: Privacy Policy Coordinator One CNN Center, 13 North Atlanta, GA 30303

                                                 

This email was sent to latestnews401.news@blogger.com why did I get this?    unsubscribe from this list    update subscription preferences Cable News Network, Inc. · Attention: Privacy Policy Coordinator · One CNN Center, 13 North · Atlanta, GA 30303 · USA

The Midwest creeps out of the deep freeze

Arms control treaty ... Russia investigation ... shutdown talks ... birth tourism ... 'Empire' attack

view in browser update subscription preferences Friday 2.1.19 The second summit between President Trump and North Korea's Kim Jong Un is set for later this month in Vietnam. Here's what else you need to know to Get Up to Speed and Out the Door. By Doug Criss Arms control treaty   The US is poised to begin pulling out of one of the world's most important nuclear treaties. Secretary of State Mike Pompeo is expected to announce today that the US will stop participating in the Intermediate-Range Nuclear Forces Treaty with Russia, according to two US officials and multiple diplomatic sources. This would be a stunning development because the 1987 treaty has been a centerpiece of European security since the Cold War. The US and European allies have maintained for years that the Russians are violating the agreement. But if the US does indeed drop out of the treaty, fears of a new nuclear arms race with Russia ramp up considerably.   Russia investigation   Senate investigators have gotten new information showing Donald Trump Jr.'s mysterious phone calls ahead of the 2016 Trump Tower meeting were not with his father, three sources with knowledge of the matter told CNN. Records provided to the Senate Intelligence Committee show the calls were between Trump Jr. and two of his business associates, the sources said, and appear to contradict Democrats' long-held suspicions that the blocked number was from then-candidate Donald Trump. The information could answer a key question about the meeting Trump's eldest son set up to get Russian dirt on the Clinton campaign.   Border security talks   President Trump said the ongoing talks in Congress over border security, aimed at avoiding another government shutdown, are a "waste of time." The President, in an interview with The New York Times, hinted he's prepared to circumvent the talks between Democrats and Republicans. Does that mean he'll declare a national emergency if lawmakers don't provide money for a border wall? Trump was cryptic, saying he had "set the stage for doing what I'm going to do." Parts of the government could shut down again by February 15 if lawmakers can't put together a deal the President likes.    Birth tourism Looks like the US is starting to crack down on what's known as birth tourism. Three people were arrested on charges of running "birth tourism" companies that catered to Chinese clients in Southern California. This marks the first time that federal charges have been filed over the practice. "Birth tourists" travel to foreign countries to give birth, so their children can get the citizenship of that country. The US confers citizenship automatically upon babies born on its soil. Some other countries do not grant citizenship automatically unless at least one parent is a citizen.   'Empire' actor attack   A letter containing white powder was sent to the set of "Empire" just days before actor Jussie Smollett said he was attacked by two men in Chicago. The white powder turned out to be aspirin, said police, who also released a picture of two people wanted for questioning in the case. Smollett said he was returning from a Subway sandwich shop early Tuesday when two men physically assaulted him, called him homophobic and racist slurs, placed a noose around his neck and poured an unknown substance on him. Investigators have video of Smollett walking into a hotel after the incident with what appears to be a noose around his neck.   16 The number of deaths related to the extreme cold snap that's gripped the Midwest and Northeast this week. Thankfully, temperatures will begin to rebound today. Advertisement People are talking about these. Read up. Join in. A Good Samaritan Somebody put up 70 homeless people in Chicago at a hotel this week as the city shivered through record cold. 14 billion tons of ice ... gone There's a hole two-thirds the size of Manhattan in a glacier in Antarctica, and scientists are worried sick about it. Facciamo le valigie What's up with Italy? First, a town there was selling homes for just a dollar. Now, another is offering foreigners $10,000 to move in. 'Missing (wo)man' flyover If you happen to be near Maynardville, Tennessee, tomorrow, look up. The Navy's first all-female flyover will honor a woman who helped make it possible. The robots are coming They really are taking over. They're cleaning our houses, stocking grocery shelves and parking cars at the airport. And now they're beating us at Jenga.   Jobs, jobs, jobs The January jobs report comes out later this morning, and economists think it will still be solid, despite the partial government shutdown.   I will find you Liam Neeson takes his "very particular set of skills" to the internet, where he goes undercover to respond to real questions and comments about himself. (Click to view.) Advertisement Share Tweet ALL CNN NEWSLETTERS update preferences or unsubscribe CNN Five Things shows up in your inbox every weekday at 6AM ET and Sundays at 9AM ET. Like what you see? Don't like what you see? Let us know. We're all about self improvement. Did a friend forward you this newsletter? Sign yourself up! Sign up to get updates on your favorite CNN Original Series, special CNN news coverage and other newsletters. Copyright © 2019 Cable News Network, Inc. A WarnerMedia Company, All rights reserved. You are receiving this email because you subscribed to CNN's 5 Things newsletter.