Morning Brief: The World Economic Forum in Davos kicks off
Tuesday, January 22, 2019
Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe
WHAT TO WATCH
Investors and traders return to the U.S. markets after the Martin Luther King Jr. holiday. U.S. futures are lower as global growth concerns persist. Worries were highlighted by Chinese GDP growth, which slowed to a 28-year low, and the IMF cutting its outlook for the global economy.
Earnings season heats up this week with Halliburton (HAL) and Johnson & Johnson (JNJ) announcing results before the market open on Tuesday, and International Business Machines (IBM) announcing after market close. We’ll also get the December existing home sales report (5.24 million expected, 5.32 million prior) at 10 a.m. ET.
TOP NEWS
What is Davos 2019? The WEF conference explained: Thousands of top business, political and charity figures are attending the World Economic Forum (WEF) conference in Davos, Switzerland this week. Here are the key things you need to know about the Davos event in 2019. [Yahoo Finance UK]
More from Yahoo Finance on Davos
'There's a risk North Korea will be used as a bargaining chip in US-China trade talks'
WWF International's director-generaI: If you’re recycling plastic, you’re fooling yourself
U.S. shutdown at day 32 as Dems vow to reject Trump offer: The longest government shutdown in U.S. history entered its 32nd day on Tuesday with Senate Majority Leader Mitch McConnell expected to call up legislation to advance a proposal from President Donald Trump, which Democrats have already said they’ll reject. [Bloomberg]
Starbucks is now offering delivery in San Francisco: Last month, Starbucks (SBUX) announced plans to offer delivery at a quarter of its nearly 8,000 U.S.-based stores in early 2019 in partnership with Uber Eats. On Tuesday, the coffee giant kicked off its Starbucks Delivery pilot program in San Francisco, the first of six cities that will start offering the service to customers. [Yahoo Finance]
J.C. Penney struggles to avoid same fate as Sears: J.C. Penney Co.’s (JCP) sales are falling, its stores are stuck in malls and the turnaround strategy keeps changing. Now, three months after the embattled retailer hired a new chief executive, a handful of senior positions remain vacant. The series of events is prompting analysts and other industry experts to question whether Penney can avoid the fate of fellow department-store operator Sears. [The Wall Street Journal]
MORE FROM YAHOO FINANCE
Why Netflix is poised to survive the new ‘tv bubble’
Billionaire Tony James has a solution for the $1.5 trillion student debt crisis
There are fewer government contract jobs due to shutdown
Employees want CEOs to fight for change in the world: survey
Why Walmart still reigns as America's retail king (for now)
Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, YouTube, and reddit.
