Morning Brief: Intel says patches coming to chips next week

Tuesday, January 9, 2018

What to watch today

Looking ahead to Tuesday, the biggest highlights on the calendar should be the latest job openings and labor turnover survey from the BLS as well as the NFIB’s December reading on small business optimism, both due out in the morning.

The NFIB’s report has been one of the strongest economic readings since President Donald Trump’s surprise election win in November 2016, while job openings have been tracked for signs of increasing tightness in the labor market.

On the earnings side, the biggest results expected Tuesday are from Acuity Brands (AYI) and WD-40 Company (WDFC).

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Top news

Intel: Patches will come to 90% of chips in the next week: With the microchip processing industry facing perhaps its biggest security scare in its history, Intel (INTC) CEO Brian Krzanich took to the stage at a keynote at CES 2018 to say a few words about the news before launching into his planned announcements covering areas like automotive, AI and entertainment. [TechCrunch]

Wall Street’s rising euphoria may spell trouble for stock market: Analysts are ratcheting up their forecasts for U.S. corporate profits at the fastest pace in more than 10 years, according to the research firm Bespoke Investment Group. And that’s happening, unusually, right in the run-up to an earnings-season kick-off. While the upgrades could be taken as a positive reflection on the economy’s outlook, in the past such bullish analyst sentiment has served as a precursor to a market decline. [Bloomberg]

Jeff Bezos is now worth more than Bill Gates ever was: Jeff Bezos’s net worth reached $105.1 billion Monday on the Bloomberg Billionaires Index as Amazon.com Inc. (AMZN) shares added to a 12-month surge that’s lifted the online shopping giant’s market value by almost 57%. [Bloomberg]

US spy satellite believed lost after SpaceX mission fails: An expensive, highly classified U.S. spy satellite is presumed to be a total loss after it failed to reach orbit atop a Space Exploration Technologies Corp. rocket on Sunday. Lawmakers and congressional staffers from the Senate and the House have been briefed about the botched mission, some officials said. The secret payload—code-named Zuma and launched from Florida on board a Falcon 9 rocket—is believed to have plummeted back into the atmosphere. [The Wall Street Journal]

Yahoo Finance from CES 2018: 

For more coverage of CES 2018, go to Yahoo Finance’s tech page all week

For more of the latest news, go to Yahoo Finance

Alabama’s Tua Tagovailoa holds up the championship trophy after overtime of the NCAA college football playoff championship game against Georgia Monday, Jan. 8, 2018, in Atlanta. Alabama won 26-23. (AP Photo/David Goldman)

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The Morning Brief provides a quick rundown on what to watch in the markets, top news stories, and the best of Yahoo Finance Originals.