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U.S. jobs report; Exxon earnings; Casino panic

1. Jobs report: The first set of jobs data for 2018 will be released at 8:30 a.m. ET....

Posted: Feb 2, 2018 9:57 AM
Updated: Feb 2, 2018 9:57 AM

1. Jobs report: The first set of jobs data for 2018 will be released at 8:30 a.m. ET.

Economists predict the United States gained 175,000 jobs in January. Unemployment is expected to stay at 4.1%, the lowest level since 2000.

In December, the economy added 148,000 jobs.

Consumer confidence has been high and, in general, Americans aren't worried about losing their jobs.

Wage growth is expected to reach 2.6% in January, up from 2.5% in December.

"Life is generally good for the U.S. consumer," said Paul Donovan, global chief economist at UBS Wealth Management.

2. Unending earnings: Oil giants Chevron and Exxon Mobil will report results ahead of the open, along with Clorox, Estee Lauder, Merck and Sprint.

Deutsche Bank shares tumbled 6% after the company reported a third consecutive annual loss.

The -500 million ($625 million) loss for 2017 was fueled by a -1.4 billion ($1.8 billion) hit from tax changes in the United States. Germany's largest bank also reported falling revenues.

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3. Stock market movers -- Mattel, Google, Amazon, Guess: Shares in Mattel and Google parent Alphabet slid in extended trading after they reported disappointing results.

Amazon shares, meanwhile, were set to pop at the open as investors cheered the company's latest results.

Guess stock could be poised for a rebound after dropping nearly 18% on Thursday.

Shares in the fashion brand tanked after model Kate Upton accused co-founder Paul Marciano of sexual harassment. Guess did not respond to requests for comment, but TMZ reported that Marciano had denied any inappropriate conduct.

4. Casino check: Macau casino stocks tumbled after Bloomberg reported that China could soon allow some forms of gambling in the southern province of Hainan.

That might draw gamblers away from Macau, which is currently the only place in China where casinos are legal.

Wynn Macau, Sands China and MGM China shares fell sharply in Hong Kong before recovering most of their losses.

5. Global stock market overview: U.S. stock futures were deep into negative territory on Friday.

European markets declined in early trade, and most Asian markets ended the day with losses.

Volatility has been creeping back into the markets after a period of steady gains. On Thursday, 10-year Treasury yields climbed to their highest level in nearly four years.

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6. Coming this week:

Friday -- U.S. monthly jobs report

Oregon Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 42436

Reported Deaths: 655
CountyConfirmedDeaths
Multnomah9228160
Marion5858108
Washington579076
Umatilla335444
Clackamas313965
Lane239227
Malheur191738
Jackson16846
Deschutes113213
Yamhill99415
Linn81015
Polk65415
Jefferson6049
Morrow5456
Lincoln51713
Union4672
Benton4426
Klamath4113
Douglas3506
Wasco34715
Hood River2771
Josephine2673
Columbia2661
Coos2460
Clatsop2430
Baker1203
Crook1092
Tillamook700
Curry571
Wallowa442
Lake370
Harney230
Sherman190
Gilliam110
Grant110
Wheeler10
Unassigned00

California Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 910438

Reported Deaths: 17386
CountyConfirmedDeaths
Los Angeles3006147000
Riverside667321295
San Bernardino627741072
Orange587251447
San Diego54941870
Kern33881416
Fresno30858436
Sacramento25445484
Santa Clara24313388
Alameda23391461
San Joaquin21630489
Contra Costa18694242
Stanislaus17686397
Tulare17495286
Ventura14300164
Imperial12882336
San Francisco12152140
Monterey1139991
San Mateo11149159
Santa Barbara9814120
Merced9465155
Sonoma9402136
Kings824683
Solano738476
Marin7089128
Madera502074
Placer417857
San Luis Obispo414132
Yolo320759
Butte308752
Santa Cruz280225
Napa196215
Shasta188930
Sutter183712
San Benito144215
El Dorado13284
Yuba129310
Mendocino112921
Tehama8808
Lassen7661
Lake69515
Glenn6573
Nevada6168
Humboldt56710
Colusa5506
Calaveras34218
Amador33016
Tuolumne2714
Inyo22715
Siskiyou1930
Mono1802
Del Norte1781
Mariposa782
Plumas680
Modoc290
Trinity260
Sierra60
Alpine30
Unassigned00
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