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Atlanta Fed GDP now 6.7% versus versus 7.4% last
Atlanta Fed GDP estimates for the 4Q
The Atlanta Fed GDP estimate for the fourth quarter has moved down to 6.7% from 7.4% on January 4.
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2021 is 6.7 percent on January 6, down from 7.4 percent on January 4. After recent releases from the US Bureau of Economic Analysis, the US Census Bureau, and the Institute for Supply Management, the nowcasts of fourth-quarter real personal consumption expenditures growth and fourth-quarter real gross private domestic investment growth decreased from 5.6 percent and 18.0 percent, respectively, to 4.5 percent and 17.4 percent, respectively, while the nowcast of the contribution of the change in real net exports to fourth-quarter real GDP growth increased from 0.0 percentage points to 0.21 percentage points.
The next estimate will be on Monday, January 10.
https://www.atlantafed.org/-/media/documents/cqer/researchcq/gdpnow/RealGDPTrackingSlides.pdf
GameStop Entering NFT and Cryptocurrency Markets. ($151.92▲ 20.89 (15.94%) After Hours)
GameStop is launching a division to develop a marketplace for nonfungible tokens and establish cryptocurrency partnerships, has hired more than 20 people to run the unit. Building an online hub for buying, selling and trading NFTs of virtual videogame goods such as avatar outfits and weapons
Futures market leaning modestly higher in front of employment report
Treasury market steady in front of employment report; 10-yr below 1.75%
STM up after raising Q4 revenue guidance
GME surges on report of new NFT business
SONO wins court ruling regarding GOOG patent infringement claims
QDEL gains after guiding Q4 revenues well above consensusRatings changes for: BAX, BOX, BP, CMG, COUR, DAL, DISCA, DOV, ANF, AWK, GOOS, CMA, DUK, FITB, and GNRC
Oil futures flirting with $80/bblOvernight Summary — Futures pointing to slightly higher open ahead of December jobs report
US equity futures are trading slightly higher. The markets are looking ahead today to the December Jobs report after ADP showed a better-than-expected report on Wednesday. Investors will be looking to see if there are any clues to see if the Omicron variant is impacting jobs, as cases first started to show increases in December. President Biden will speak about this jobs report at 10:45 ET, according to the White House schedule. Tech stocks will be in focus based on changes in bond yields. Omicron cases continue to make records in the US, but health experts expect cases to peak in some areas soon.
In Europe, markets were mixed. December Eurozone CPI +5% versus +4.9% prior.
Asia markets were also mixed.+199,000 JOBS & 3.9% U/E
still SUPER GREEN & LET IT GROWDow 36,231.66 -4.81 -0.01%
S&P 500 4,677.03 -19.02 -0.41%
Nasdaq 14,935.90 -144.96 -0.96%
GlobalDow 4,232.91 30.33 0.72%
Gold 1,796.50 7.30 0.41%
Oil 78.94 -0.52 -0.65%
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