By Barbara Kollmeyer
Beijing has extended stay-home orders for workers and students , and ordered more mass testing as COVID cases jump.
On his Asia tour, President Joe Biden said a U.S. recession was not inevitable , he was mulling tariffs cuts on Chinese goods as he boosted calls for OPEC to raise oil production. He also said America would defend Taiwan in case of China aggression. Elsewhere, Russia has been pressing its offensive in eastern Ukraine.
Shares of VMware /zigman2/quotes/209864107/composite VMW +1.54% are surging after reports chip maker Broadcom /zigman2/quotes/200646538/composite AVGO +2.35% is in talks to buy the enterprise cloud-computing group .
U.S. officials are voicing caution over a monkeypox outbreak , with one U.S. case and several in Europe, with experts pointing to sex at two raves in Spain and Belgium,
After a two-year absence, the World Economic Forum in Davos, Switzerland is back, with plenty of urgent issues for the uber-rich to try to sort. Addressing the crowed (virtually of course), Ukraine President Vlodomir Zelenskyy was urging ‘maximum’ sanctions on Russia over the brutal invasion of his country.
Atlanta Fed President Raphael Bostic and Kansas City Fed President Esther George will both speak at events Monday. The U.S. data calendar is empty, but the week will bring us the minutes of the latest Fed meeting on Wednesday and its favorite inflation gauge on Friday.
Stock futures /zigman2/quotes/210407078/delayed YM00 +1.24% /zigman2/quotes/209948968/delayed ES00 +1.69% /zigman2/quotes/210219788/delayed NQ00 +2.02% are pushing higher, along with bond yields /zigman2/quotes/211347051/realtime BX:TMUBMUSD10Y -1.67% /zigman2/quotes/211347045/realtime BX:TMUBMUSD02Y +1.97% , and oil prices /zigman2/quotes/209723049/delayed CL00 -2.61% are also up. And with risk appetite higher, the dollar /zigman2/quotes/210598269/delayed DXY +0.56% is down across the board. Cryptocurrencies are stabilizing, and stablecoin Luna has gotten a boost as investors have been burning their coins.
|/zigman2/quotes/200235402/composite AMC||AMC Entertainment|
|/zigman2/quotes/201166334/composite SIGA||Siga Technologies|
A lackluster opening for the new Downton Abbey movie may be proof older women are still wary post COVID .
How a couple and their 19 dogs escaped a war-torn Ukraine city .
Need to Know starts early and is updated until the opening bell, but sign up here to get it delivered once to your email box. The emailed version will be sent out at about 7:30 a.m. Eastern.
Want more for the day ahead? Sign up for The Barron’s Daily, a morning briefing for investors, including exclusive commentary from Barron’s and MarketWatch writers.