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Get ready: It's jobs Friday

Key Points


U.S. stock futures were higher this morning, ahead of the government's monthly jobs report, out at 8:30 a.m. ET. Economists expect 200,000 nonfarm payrolls to have been created in November, after gains of 271,000 in October. (CNBC)

Stocks in Japan and China today followed Wall Street lower, with the Dow off 252 points Thursday on concerns the Fed might raise rates this month while the economy was too weak. The ECB's smaller-than-expected easing package also weighed on markets. (CNBC)

Fed Chair Janet Yellen is taking issue with a recession call from Citigroup (C). Responding to a question during congressional testimony Thursday, Yellen said the risk is nowhere near "approaching 65 percent," as the bank suggested. (CNBC)

A "very large majority" of the governing council at the ECB voted in favor of the stimulus announced Thursday, said the central bank's vice president, who also told CNBC investor expectations had been wrong in the run up to the policy meeting. (CNBC)

Oil prices were higher this morning, as OPEC's meeting in Vienna got underway. Traders largely expect the group to stick to its policy of maintaining high output. (Reuters)

The suspected San Bernardino attackers left behind 12 pipe bombs and more than 2,000 rounds of ammunition at their home, according to police. Investigators are still looking into whether the massacre was an act of terrorism. (CNBC)

At least 16 people were killed after a nightclub was firebombed in Cairo early Friday, in what authorities believe to be a "revenge" attack stemming from a disagreement between staff at the venue and the perpetrators. (NBC News)

Norfolk Southern (NSC) said its board of directors unanimously rejected Canadian Pacific Railway's (CP) unsolicited bid to acquire the company, calling the offer "grossly inadequate."

Facebook (FB) CEO Mark Zuckerberg wants to clarify a few things about where his fortune is (and is not) going. He was responding to critics on social media about his plan to commit billions to a charitable effort. (Re/code)

Uber is close to raising $2.1 billion in venture capital, which would value the ride-hailing company at $62.5 billion. Meanwhile, some of Uber's largest rivals, including Lyft, announced today a global ride-sharing agreement. (NY Times & CNBC)

Apple (AAPL) is quietly making it easier for consumers to buy digital goods without needing a credit card, with programs in Russia and Germany to allow users to type in their phone number to pay for items. (CNBC)

Activist investor Starboard Value renewed its push for Yahoo (YHOO) to abandon its plans to spin off its valuable stake in Alibaba (BABA), and instead sell its core business "at the highest price possible." (Reuters)

A long-running legal battle over government net neutrality rules that require Internet providers to treat all Web traffic equally is back for another round before a federal appeals court today. (AP)

Canned tuna giant Thai Union Group has scrapped a $1.5 billion acquisition of U.S. rival Bumble Bee Seafoods, after American authorities said the deal would be harmful to competition. (Reuters)

The Senate overwhelmingly sent to President Barack Obama for his signature a five-year highway bill. The measure also revives the charter of the U.S. Export-Import Bank over the objections of conservatives. (Reuters)

After five years of failed attempts, Senate Republicans have passed a partisan bill to gut Obamacare, but the president planned a veto. (Reuters)

Prices for luxury homes posted their first drop since 2012, suggesting the top of the market may be getting too rich even for the rich. The 2.2 percent decline in the third quarter comes as average home prices gained 3.8 percent. (CNBC)


Besides the Labor Department's monthly read on jobs, the Commerce Department at 8:30 a.m. ET issues its report on the October trade deficit. It's seen to be little changed from the prior month at $40.5 billion.

One day after the ECB's decision and Yellen's testimony, European Central Bank President Mario Draghi delivers remarks this morning at the Economic Club of New York, presented by New York Fed President William Dudley.

There are also a number of regional Fed presidents speaking today, including Patrick Harker of Philadelphia, Jim Bullard of St.Louis, and Narayana Kocherlakota of Minneapolis.

Oil services giant Baker Hughes releases its weekly rig count report at 1 p.m. ET, looking at crude development and exploration activity.


Avon (AVP) is engaged in advanced talks to sell its North American business to private-equity firm Cerberus Capital Management, according to the Wall Street Journal.

Gap (GPS) reported same-store sales fell 8 percent in the third quarter. The clothing company also reported net sales in November decreased 9 percent compared to a 6 percent increase in the same period last year.

Zumiez (ZUMZ) posted very weak fourth-quarter guidance. However, the specialty clothing store did beat on earnings and met expectations for third-quarter revenue.

Five Below (FIVE) beat on earnings and same-store sales. The discount store chain also posted fourth-quarter revenue guidance that was mostly in line with forecasts.

Beauty store chain Ulta (UTLA) reported a strong quarterly report that beat expectations. The company also provided third-quarter comp sales that were above estimates, and in-line fourth-quarter revenue guidance.

Barnes & Noble (BKS) reported a surprise fall in quarterly comparable store sales, hurt by store closures, lower online sales and weak demand for its Nook tablets.


After trailing in the second half 20-0, the Green Bay Packers mounted a furious comeback and scored on a Hail Mary as time expired to win 27-23 over the Lions in Detroit. (NBC Sports

MapQuest has unveiled a new service: a map to avoid—or embrace—Republican presidential front-runner Donald Trump. The service offers two options "flee him" or "be him." (CNBC)

Pamela Anderson will be the last woman to bare it all for Playboy magazine, ending more than 60 years of publishing nude photos. The magazine featuring the former "Baywatch" star hits newsstands next week. (CNBC)

Scott Weiland, the charismatic vocalist who first gained fame with 1990s rock band Stone Temple Pilots, has died. The 48-year-old Grammy-winner, who struggled with addiction, earned post-Pilots success with Velvet Revolver. (LA Times)