16Jan2020 Pre-Market Commentary: New Jobless Claims Fall 5th Straight Week To 204,000 In Sign Of Strong U.S. Labor Market, DOW Futures Up 86 Points

Here is the current market situation from CNN Money

European markets are lower today with shares in London off the most. The FTSE 100 is down 0.43% while Germany’s DAX is off 0.14% and France’s CAC 40 is lower by 0.10%.

Southwest Airlines push Boeing 737 MAX flight cancellations into June

Southwest Airlines Co said on Thursday it would extend cancellations of 737 MAX flights through June 6, as the grounding of the Boeing Co jet threatens to hurt a second straight U.S. summer travel season.

Global stocks bask in U.S.-China trade-deal afterglow

World stocks remained near record highs on Thursday, after the United States and China signed the first phase of an agreement to end their 18-month trade war.

Morgan Stanley profit surges 53%

Morgan Stanley reported a 53% rise in quarterly profit on Thursday, driven by strength in its bond trading and underwriting businesses.

What to watch as fourth-quarter earnings kick into high gear

U.S. corporate reporting season is expected to show lackluster profit growth, and it has already gotten off to a bumpy start, with big banks kicking off the fourth quarter to mixed investor reaction so far on the stock market.

FAA should mandate safety management systems for Boeing, others: panel

An expert committee on Thursday recommended the Federal Aviation Administration’s require Boeing Co and other aircraft manufacturers to adopt new safety management tools in the wake of two fatal Boeing 737 MAX crashes.

Comcast, late to the streaming party, to give details of NBC’s Peacock service

Comcast Corp on Thursday will reveal details of Peacock, its belated entry into the streaming wars, as it harnesses its NBCUniversal library and invests in new content in an effort to capture viewers abandoning cable TV.

Factbox: How NBCUniversal’s Peacock streaming service likely stacks up against others

Comcast Corp’s NBCUniversal will provide details on its planned Peacock video streaming service on Thursday, taking on industry leader Netflix Inc and others in the highly competitive field.

BNY Mellon profit surges 67% on one-time gain

Bank of New York Mellon Corp , the world’s largest custodian bank, reported a 67% jump in quarterly profit on Thursday, helped by a one-time gain from the sale of an unspecified equity investment.

PSA Group 2019 sales slump 10% after record 2018

French carmaker PSA Group said on Thursday global sales fell 10% last year to 3.49 million units, compared with a record 3.88 million in 2018, as it suffered from declining volumes in China, the Middle East and Africa.

Disappointed with SC dismissing AGR plea: Airtel

Disappointed with SC dismissing AGR plea: AirtelThe review petitions were heard ‘in chamber’ by the same three-judge bench, which delivered the Oct 24 order.

A new biz may rewrite rules of data game

A new biz may rewrite rules of data gameConglomerates such as the Hiranandani group and the Adanis are placing big bets in data outsourcing facilities.

China’s BRI is making a robust comeback

China’s BRI is making a robust comebackThe latest contracts include a subway system for Serbia; an elevated rail line in Colombia among others.

Economic Report: U.S. retailers cap off strong 2019 with solid increase in December holiday sales

Most retailers posted higher sales in December to finish out the holiday season on a strong note in a good sign for the U.S. economy. Retail sales increased 0.3% last month.

Economic Report: Philadelphia Fed manufacturing gauge jumps to highest level in eight months

The Philadelphia Fed business activity index rose in January to a seasonally adjusted reading of 17 from 2.4 in the prior month.

Economic Report: New jobless claims fall 5th straight week to 204,000 in sign of strong U.S. labor market

The number of Americans who applied for unemployment benefits in early January fell for the fifth week in a row, giving a clean bill of health to strong U.S. labor market as 2020 got underway. Initial jobless claims declined by 10,000 to 204,000.