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Morning Brief

Stocks to open higher | Tentative border compromise | Rubio buyback crackdown


Futures were higher this morning, setting up an opening rally and a chance for the Dow to break its four-day losing streak. The Dow hasn't fallen for five straight sessions since last June. The S&P 500 and Nasdaq are seeking to extend their win streaks. (CNBC)

The only economic report today comes at 10 a.m. ET, when the Labor Department releases its December JOLTS report, its look at job opportunities and labor turnover. Economists expect about 6.9 million job openings at the end of December. (CNBC)

* Small business optimism returning to normal levels (NFIB)

Shopify (SHOP) and Under Armour (UAA) are among the earnings reports set to be released this morning, while Activision Blizzard (ATVI), Denny's (DENN), Groupon (GRPN), TripAdvisor (TRIP) and Twilio (TWLO) will be out after today's closing bell. (CNBC)

* Cramer: This earnings period revealed 'brutal truths' about US-China trade (CNBC)


Congressional negotiators reached a tentative agreement last night to fund the government and avoid a shutdown. A congressional source told CNBC it would put about $1.4 billion toward physical barriers, but not a wall.

* Trump takes border wall fight to El Paso (NY Times)

GOP Sen. Marco Rubio is backing a new proposal today to tackle one of Democrats' favorite talking points: stock buybacks. The plan would raise taxes on capital gains as a way to discourage companies from pursuing share repurchases. (CNBC)

CNBC has learned that Sen. Amy Klobuchar has joined the ranks of other Democratic 2020 presidential hopefuls who are rejecting campaign contributions from corporate political action committees.

* Pete Buttigieg is the young, gay veteran who wants to take on Trump in 2020 (CNBC)

The American solar power workforce shrank for a second consecutive year in 2018, as President Donald Trump's tariffs prompted developers to delay projects and policy shifts in top solar states slowed renewable energy growth. (CNBC)

The U.K. will deploy its new aircraft carrier, loaded with two squadrons of F-35 aircraft into the politically-fraught South China Sea. The $3.9 billion carrier's outing will also sail into the Middle East and Mediterranean. (CNBC)

A winter storm sweeping across the Midwest took aim at the East Coast overnight, bringing rain, ice and potentially as much as two feet of snow to some areas. The snowy blast could cause havoc for commuters. (NBC News)

Amazon (AMZN) is raising prices at Whole Foods amid pressure from consumer-product makers to cover rising costs. Amazon slashed prices at Whole Foods after acquiring it in 2017, aiming to counter its reputation for high costs. (WSJ)

* Amazon is acquiring home Wi-Fi start-up Eero (CNBC)

The CDC is blaming vaping devices like Juul for single-handedly driving a spike in tobacco use among teens, threatening to erase years of progress curbing youth use. In 2018, nearly 21 percent of high school students vaped. (CNBC)

The biggest mall owner in the country is about to open more than 100 shops selling products infused with CBD, short for cannabidiol. Department store chain Barney's is also opening a cannabis shop in its Beverly Hills location. (CNBC)


Gilead Sciences (GILD) said an experimental drug designed to treat a liver ailment known as NASH did not meet its main goal in a late-stage study. The market for NASH treatments is expected to reach up to $35 billion, according to industry analysts.

Colgate-Palmolive (CL) named chief operating office Noel Wallace as its next CEO. He will take over on April 2 from Ian Cook, who has held the CEO job since 2007. Wallace has worked at the consumer products giant since 1987.

Walmart (WMT) and Google-backed delivery service Deliv have ended a same-day grocery delivery partnership, according to a Reuters report.

Gannett (GCI) continues to say a takeover proposal from Digital First Media is inadequate, following meetings this week with representatives of the newspaper operator.

Amkor Technologies (AMKR) issued weaker than expected sales guidance for the current quarter, with the chipmaker and Apple (AAPL) supplier saying the outlook reflects an "inventory correction" currently underway in the smartphone market.

Chegg (CHGG) reported better than expected earnings and revenue for its latest quarter, and the educational technology company also issued strong revenue guidance. The quarter's results were driven by a 34 percent boost in subscribers.


The house where Jeff Bezos founded Amazon in Bellevue, Washington is for sale. It's listed for $1.4 million, which is relatively cheap compared with local listings. It has three bedrooms and 1.75 baths. (CNBC)