Here is what you need to know.
- The government shutdown reaches a 34th day. The Senate on Thursday is set to vote on two bills that could end the shutdown, but both are expected to fail.
- A Venezuelan opposition leader declares himself the country’s interim president. Juan Guaidó was sworn in as the country’s interim president Wednesday, amid massive protests against President Nicolás Maduro.
- Something unusual is happening in Japan’s economy.Japan’s unemployment rate sits near its lowest level in three decades, but inflation isn’t picking up.
- A record number of homes are for sale in the Hamptons. Data released Thursday by the real-estate company Douglas Elliman showed that the number of homes for sale in the Hamptons soared by 81.9% year-over-year in the fourth quarter to 2,197 units. That’s the most since record keeping began in 2006, according to Miller Samuel’s Jonathan Miller.
- December’s CFA Level 1 results are out. About 45% of the 77,245 candidates who took the exam passed, the CFA Institute said Wednesday.
- A ‘pain trade’ that crushed investors last year is primed for a comeback. Financials were the worst-performing sector in 2018, and Alicia Levine, the chief market strategist at BNY Mellon Investment Management, explains why it could be time to get back in.
- Ford’s North American business saves it from a disaster of a quarter. The automaker delivered a fourth-quarter profit of $US0.30 a share, excluding one-time charges, in line with Wall Street estimates, as every region except for North America posted a loss.
- Stock markets around the world were mostly higher. Australia’s ASX (+0.48%) led the overnight advance, and Germany’s DAX (+0.52%) was out front in Europe. The S&P 500 was set to open up 0.12% near 2,642.
- Earnings reports keep coming. American Airlines and Bristol-Myers Squibb are expected to report ahead of the opening bell, while Intel and Starbucks are set to release their results after markets close.
- US economic data flows. Initial claims will be released at 8:30 a.m. ET before Markit PMIs cross the wires at 9:45 a.m. ET. The US 10-year yield was down 0.7 basis points at 2.73%.
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