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Waking up With Nicole Lapin

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Happy Friday Eve! I've been up way longer that you, so here's what you missed while you were sleeping and need to know to knock it outta the park today, slugger:

OFFICIAL: You know how the books go in China, but they say they did quite well in 2010. CPI surged 4.6% in December, GDP rose 9.8% in Q4 exceeding estimates.

MO' MONEY, MO' PROBLEMS?: US-China agreed on $45b in export deals, no John Hancock and no timeframe—but makes a mean headline.

MR. POPULAR: The latest NBC-WSJ poll shows Obama's approval rating is at 53%, up 48% last month.

MS: Earnings posted solid profits that beat on top and bottom lines. Q4 EPS came in at $0.43, versus the $0.35 estimate. Shares are higher premarket.

AFTERGLOW: eBay's Q4 results, showing a strong showing for PayPal, sent the stock up 3% in afterhours.

MOM & POP: Equity mutual funds in US just saw the biggest weekly inflow since May 09- retail investor back?

ECONORIFIC: Weekly jobless claims out at 8:30a, forecast to drop by 25k to 420k. At 10a we get: Jan Philly Fed index, Dec leading indicators, Dec existing home sales, forecast to jump 5% to an annual rate of 4.9m homes.

GIMME: P&G's CEO is taking Corporate America's case for lower taxes to the Hill today. US Taxpayer Advocate Nina Olson says the complexity of the tax code is the biggest challenge facing taxpayers. It's 13k pages—ditch your stacks of Tolstoy in favor of that bedtime reading, baby!