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Stocks set for another rout on oil plunge

Brittany Sowacke | Bloomberg | Getty Images. U.S. stock futures were plummeting this morning, as U.S. oil prices sank another 3 percent and traded below $28 per barrel, hitting lows not seen since September 2003.

Continuing the flood of earnings from financial firms, Dow stock Goldman Sachs (NYSE: GS) (GS) reports quarterly results this morning. (CNBC)

IBM (NYSE: IBM) (IBM) beat estimates on earnings and revenue. But the technology giant forecasted weaker-than-expected profits for this year, putting shares of the Dow component under pressure in the premarket. (CNBC)

Shares of Netflix (NASDAQ: NFLX) (NFLX) were popping in premarket trading, after the video streaming service reported better-than-expected earnings and subscriber additions. Revenue matched estimates. (CNBC)

Nielsen plans to announce today that it's working with Facebook (NASDAQ: FB) (FB) and Twitter (NYSE: TWTR) (TWTR) to include conversations about TV programs on the social network in its measurement system. (NY Times)

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Apple (NASDAQ: AAPL) (AAPL) has filed an application with the Indian government to set up retail outlets there. The move comes at a time of concerns about slowing growth in the U.S. and China. (Reuters)

Facebook COO Sheryl Sandberg, at the World Economic Forum in Davos, Switzerland, said new technologies such as virtual reality and artificial intelligence should not be feared . (CNBC)

Microsoft (NASDAQ: MSFT)'s CEO, at Davos, said the company's plans to donate $1 billion of cloud technology to non-profits and researchers, in hopes of inspiring solutions to global problems. (CNBC)

Five years on from the start of the bloody civil war in Syria, Saudi Arabia's Prince Turki Al-Faisal told CNBC at Davos that the global community has "done nothing" to help .

Gunmen stormed a university in north-western Pakistan today, killing at least 19 people and triggering a gun battle with police and army troops who rushed to the scene. (AP)

Intelligence officials reviewing emails on former Secretary of State Hillary Clinton's private computer server found information they consider to be a higher level of classification than top secret. (NY Times)

Bernie Sanders is leading Hillary Clinton by a whopping 27 percentage points among Democratic presidential primary voters in New Hampshire, according to a new poll. (USA Today)

GOP presidential candidate Donald Trump has received an endorsement from conservative Sarah Palin, giving the billionaire businessman a boost with less than two weeks before the Iowa caucus. (AP)

Atlantic City's mayor said bankruptcy was "back on the table" after New Jersey Gov. Chris Christie, who's running for president, vetoed legislation considered essential to the distressed gambling hub. (Reuters)

Billionaire entrepreneur and Dallas Mavericks owner Mark Cuban is bashing the Texas attorney general's opinion Tuesday that daily fantasy sports companies cannot operate legally in the state. (CNBC)


Investors get a handful of economic reports to potentially change their mood, including a pair at 8:30 a.m. ET: the December consumer price index and December housing starts and building permits. Ahead of those reports, the Mortgage Bankers Association issues its usual Wednesday look at mortgage applications at 7 a.m. ET

Atmel (NASDAQ: ATML) (ATML) will be bought by rival Microchip Technology (NASDAQ: MCHP) (MCHP) for about $3.6 billion, following a back and forth bidding contest with Dialog Semiconductor.

Advanced Micro Devices (NASDAQ: AMD) (AMD) forecast an approximately 14 percent decline in current quarter revenue from the prior quarter, as the China economy slows down and demand for its graphics chips wanes.

MetLife (NYSE: MET) (MET) formed a real estate joint venture with the New York State Common Retirement Fund. The arrangement will initially hold seven properties worth a total of more than $1.4 billion.

Royal Dutch Shell (London Stock Exchange: RDSA-GB) (RDS.A) was lower overseas and in premarket U.S. trading on a slide in fourth-quarter earnings. Separately, BHP Billiton (ASX: BHP-AU) was also under pressure, after the commodities giant said it sees no recovery in iron ore or coal prices in the next few years.

GNC Holdings (NYSE: GNC) (GNC) reported a 0.8 percent increase in same-store sales for the fourth quarter. The nutritional products retailer now expects full-year 2015 earnings to come in on the high side.


McDonald's (NYSE: MCD) (MCD) will start selling chocolate covered french fries in Japan next week. Reactions on social media were mixed, though some users said they're ready to move to Japan for the new menu addition. (USA Today)



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