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Samsung slides; CES rolls on; Stocks won't stop

1. Can't stop, won't stop: U.S. stock futures are...

Posted: Jan 9, 2018 10:31 AM
Updated: Jan 9, 2018 10:31 AM

1. Can't stop, won't stop: U.S. stock futures are pointing up again after a string of record-setting days.

Volatility levels remain low and investors seem unconcerned about the potential for a market correction.

European markets are rising in early trading following a strong day in Asia. Investors have been cheering official talks between North Korea and South Korea.

"The question is whether this should be interpreted as the beginning of a decrease in tensions or as way for North Korea to try to push South Korea and the U.S. apart," said Andreas Johnson, an economist at Swedish bank SEB. "However, equity markets seem to go for the former interpretation."

2. Samsung stock slide: Shares in Samsung slipped on Tuesday as investors were underwhelmed by the company's profit estimate for the final quarter of 2017.

The company's sales and profits are expected to rise significantly, but the numbers didn't meet investors' high expectations.

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3. CES rolls on: The annual Consumer Electronics Show -- better known as CES -- is officially under way in Las Vegas and runs through Friday.

On Monday, Intel CEO Brian Krzanich gave a keynote address where he said the tech industry has done a "remarkable" job responding to the embarrassing computer chip flaws that caused alarm around the world.

Krzanich thanked other firms for their efforts to protect customers following the disclosure of the Spectre and Meltdown vulnerabilities in processing chips, which could allow hackers to steal data.

But he didn't offer an apology or an explanation for why Intel and other leading chipmakers failed to spot the problems for decades.

Apple on Monday released new security updates for iPhones, iPads, and Macs to protect users from Spectre.

4. Cellphone intrigue: AT&T and Chinese smartphone maker Huawei may have had a falling out, according to a report in The Wall Street Journal.

It reported that AT&T just walked away from a deal to sell Huawei phones in the U.S.

The U.S. market has proven to be a tough one for Huawei to crack after Congress issued a critical report in 2012. Lawmakers suggested that Huawei equipment could pose a threat to national security -- allegations that the Chinese company described as "baseless."

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5. Coming this week:

Tuesday -- Consumer Electronics Show officially kicks off in Las Vegas
Thursday -- Delta earnings
Friday --
JPMorgan, Wells Fargo, BlackRock report earnings; December retail sales

California Coronavirus Cases

Data is updated nightly.

Cases: 3554629

Reported Deaths: 51395
CountyCasesDeaths
Los Angeles118754221106
Riverside2891853749
San Bernardino2853342673
Orange2603483889
San Diego2589823260
Santa Clara1098411765
Kern102627811
Fresno947941412
Sacramento929441464
Alameda800881224
Ventura77238834
San Joaquin665691082
Contra Costa62164674
Stanislaus55775944
Tulare47784746
Monterey42138327
San Mateo38763515
San Francisco34061398
Santa Barbara31763407
Solano29968164
Merced28915395
Sonoma27954298
Imperial26843589
Kings21951218
Placer19713231
San Luis Obispo19612227
Madera15390209
Santa Cruz14588183
Marin13136197
Yolo12760185
Shasta10944174
Butte10915160
El Dorado9095100
Napa897668
Sutter884597
San Benito574359
Yuba573336
Lassen560119
Tehama508152
Tuolumne394659
Nevada393274
Mendocino379643
Amador344441
Humboldt316033
Lake313440
Glenn221023
Colusa212813
Calaveras190547
Siskiyou174014
Inyo128736
Mono12114
Del Norte9875
Plumas6536
Modoc4524
Mariposa3947
Trinity3675
Sierra990
Alpine810
Unassigned00
Chico
Mostly Cloudy
64° wxIcon
Hi: 66° Lo: 35°
Feels Like: 64°
Oroville
Partly Cloudy
65° wxIcon
Hi: 64° Lo: 43°
Feels Like: 65°
Chico
Partly Cloudy
64° wxIcon
Hi: 57° Lo: 42°
Feels Like: 64°
Red Bluff
Partly Cloudy
65° wxIcon
Hi: 45° Lo: 15°
Feels Like: 65°
Red Bluff
Partly Cloudy
65° wxIcon
Hi: 63° Lo: 41°
Feels Like: 65°
Chico
Partly Cloudy
64° wxIcon
Hi: 70° Lo: 37°
Feels Like: 64°
It was a bright and breezy Friday for northern California, however the wind has been much stronger over Modoc County where a High Wind Warning is in effect through this evening. Stronger wind and cooler air will define our weather Saturday.
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