Career News 24/7: 10 Things You Need To Know Before The Opening Bell, January 30, 2013

Wednesday, January 30, 2013

10 Things You Need To Know Before The Opening Bell, January 30, 2013

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Wednesday, January 30, 2013

Lindsay Lohan Good morning. Here's what you need to know.

Asian markets were higher in overnight trading. The Japanese Nikkei rose 2.3 percent while the Shanghai Composite advanced 1.0 percent and the Hang Seng gained 0.7 percent. European markets are mostly lower, with Italy down 2 percent. In the United States, futures point to a negative open.
The euro is ripping higher this morning after the results of a 3-month ECB long-term refinancing operation (LTRO) auction confirmed that euro area banks are decreasing their dependence on the central bank. The data reinforce the mood in Europe that monetary policy is beginning to tighten.
Spain's recession intensified in the fourth quarter of 2012. GDP fell 1.8 percent from the previous year, worse than economists' estimates of a 1.7 percent drop. The pace of contraction also accelerated from the previous quarter, when GDP fell 1.6 percent.
Boeing reports fourth-quarter earnings this morning at 7:30 AM ET. Analysts expect the aircraft manufacturer to earnings to fall to $1.18 per share and sales to rise to $22.33 billion. The report and the subsequent conference call will be closely watched for management's take on the company's grounded Dreamliner crisis. Follow the release LIVE on Business Insider >
Amazon reported earnings, revenue, and profit guidance below analysts' estimates last night after the closing bell. However, the stock soared to an all-time high in after-hours trading once investors saw that the company also recorded a modest increase in profit margins.
Chesapeake Energy CEO Aubrey McClendon will step down April 1, citing philosophical differences with the board of directors. The stock soared more than 10 percent in after-hours trading on the announcement. McClendon spent much of 2012 embroiled in a financial controversy.
U.S. American Eagle silver coin sales surged to an all-time high of 7.1 million ounces in January. "Not only do we have clients calling in, they are buying in huge quantities...they are buying the entire 500-ounce boxes that are sealed by the U.S. Mint, that's what people want right now," a retail coin dealer told Reuters.
ADP's January employment report is due out at 8:15 AM ET. Economists expect the report to show 165,000 new payrolls added this month, down from 215,000 last month. The report foreshadows the official unemployment data out tomorrow.
At 8:30 AM, the first estimate for U.S. fourth-quarter GDP is released. Economists estimate that the economy grew 1.1 percent in the Q4 2012 after advancing 3.1 percent in Q3. The weakness is expected to reflect a slower build in inventories and a decrease in government spending. Personal consumption is expected to grow 2.1 percent after posting 1.6 percent growth in the Q3. Follow the releases LIVE on Business Insider >
At 2:15 PM ET, the Federal Open Market Committee announces its January interest rate decision. The consensus estimate among economists is that the Fed will buy $1.14 trillion in bonds under its latest quantitative easing program before ending asset purchases sometime in the first quarter of 2014. The Fed's most recent release – minutes from the last meeting – has sent yields on an upward trajectory, so traders will also be watching closely for a shift in tone.
BONUS: TMZ reports that Lindsay Lohan hopped a flight to L.A. in the middle of the night after being warned not to miss her court date.