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Wall Street on edge with earnings, Fed in focus

IN THE NEWS TODAY

U.S. stock futures were under pressure this morning, after Wall Street logged its first positive week of 2016. But the dismal start to the year still has the Dow, S&P 500, and Nasdaq in a correction ahead of Monday's trading. (CNBC)

Oil prices were about 3 percent lower on continuing oversupply concerns and profit-taking this morning, retreating from a 9 percent surge Friday. Depressed crude pushed gasoline in the U.S. down 14 cents to $1.19 in the past two weeks to its lowest level in seven years. (Reuters)

Asian markets maintained a positive start to the new week, continuing to recover from the global rout that hammered stocks in the first few weeks of 2016. Stocks in Japan and China each advanced nearly 1 percent overnight. (CNBC)

The Eastern Seaboard digs out from a weekend blizzard that dropped as much as three feet of snow and paralyzed the region. More than 13,000 flights have been canceled since Friday. | New York-area transit tracker (NBC News)

In a major shakeup, Twitter (TWTR) CEO Jack Dorsey has confirmed the exit of four top executives, including the struggling social network's product head and media boss. Two new board members were also expected. (CNBC)

The 16-year Apple (AAPL) veteran tasked with spearheading the tech giant's electric car project is leaving the company for personal reasons not related to performance. (WSJ)

Google parent Alphabet (GOOGL) has reached an agreement with the UK to pay $185 million in back taxes. But the deal has already sparked protests by some UK lawmakers. (Reuters)

Viacom (VIAB) Executive Chairman Sumner Redstone should be examined by a psychiatrist, according to a judge's ruling. Redstone's ex-girlfriend is questioning Redstone's mental competency. (Reuters)

Johnson Controls (JCI), a U.S. manufacturer of car batteries and heating and ventilation equipment, is in advanced talks to buy fire protection and security firm Tyco International (TYC). (Reuters)

U.S. health inspectors found serious deficiencies at the northern California laboratory of diagnostics firm Theranos that, if not fixed, could see the lab suspended from the Medicare program, the Wall Street Journal reports. (Reuters)

Billionaire Michael Bloomberg's possible independent foray into the 2016 presidential race drew unlikely support from fellow billionaire Donald Trump, the Republican who's said to have inspired the ex-New York City mayor's interest. (Reuters)

Despite a tightening race, Hillary Clinton said she's confident she'll secure the Democratic nomination, dismissing speculation that Bloomberg may be seeking an independent bid for the White House. (NBC News)

With a week to go until the Iowa Caucuses, the Des Moines Register has endorsed Hillary Clinton on the Democratic side, and Marco Rubio among the Republicans.

BY THE NUMBERS

In the week ahead, earnings continue to roll in, with McDonald's (MCD) this morning and Apple after tomorrow's closing bell. ECB President Mario Draghi delivers a speech in Germany this afternoon, ahead of tomorrow's start of the Fed's two-day January meeting. (CNBC)

Businesses were more likely to boost pay in the fourth quarter and confidence in U.S. growth continued, even as sales and profit growth flattened. That's according to the newly released quarterly National Association for Business Economics survey.

STOCKS TO WATCH

Ford (F) is exiting all its operations in Japan and Indonesia this year, according to Reuters, because the automaker sees "no reasonable path to profitability" in those countries.

Morgan Stanley (MS) CEO James Gorman's pay dropped by 7 percent to $21 million in 2015. Meanwhile, Goldman Sachs (GS) CEO Lloyd Blankfein's pay declined 4 percent to $23 million.

SunEdison (SUNE) is going to get a new director from David Einhorn's Greenlight Capital, according to the Wall Street Journal, following executive changes and a skidding stock price at the solar power firm.

Shares of Newell Rubbermaid (NWL) could rise 20 percent or more over the next year as the company reaps the benefits of its announced acquisition of Jarden (JAH), Barron's said in its latest edition.

Hilton Worldwide (HLT) announced today a new affordable brand targeting younger travelers. Tru by Hilton will debut at the end of this year, and become the hotel firm's 13th brand.

WATERCOOLER

Peyton Manning and the Broncos are going to Super Bowl 50, after sending Tom Brady and the Patriots packing in Sunday's AFC Championship. Manning, at 39, will become the oldest quarterback to start a Super Bowl. (NY Times)

The Broncos meet Cam Newton and the Panthers in the Super Bowl, after Carolina steamrolled the Arizona Cardinals in Sunday's NFC championship game. Newton passed for two TDs and ran for two others. (NY Times)