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10 Things You Need To Know This Morning

Mamta Badkar

Good morning. Here's what you need to know.

  • Asian markets were mixed in overnight trading with the Shanghai Composite off 1.06 percent. The decline in Chinese stocks was led by financial and industrial companies. Europe is mostly higher and U.S. futures are drifting higher.
  • Housing starts surged 12.1 percent to 954k in December, crushing expectations for just 3.3 percent growth.  Initial jobless claims fell last week to 335k, which was much lower than the 369k reading economists were expecting. The Philadelphia Fed Survey for January is out at 10 a.m. ET. Consensus is for the general business conditions index to decline to 6. Follow the release at Business Insider >
  • Bonus - While talking to The Hollywood Reporter Nicole Kidman said she loves her life in Tennessee and that she's "just a nice southern Girl".

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