In the news today |
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| U.S. stock futures were sharply lower in early trading, ahead of tomorrow’s jobs report and following the Fed’s mixed message. Dow-stock ExxonMobil (XOM) reports earnings before-the-bell. Meanwhile,stocks in Europe sank today on deflation fears. (CNBC) |
| Argentina defaulted on its debt—for the second time in 13 years—hours after talks with holdout creditors broke down late last night. So why has the stock market there been rallying? (CNBC) |
| Target (TGT) has tapped PepsiCo (PEP) executive Brian Cornell as its new CEO—turning to anoutsider for the first time in its history, the Wall Street Journal reports. |
 There's a trifecta of Squawk CEO Calls this morning, with Dr Pepper Snapple's Larry Young at 7:40 a.m. ET, Taco Bell's incoming chief Brian Niccol at 8 a.m. ET, and Toyota Financial Services' Michael Groff at 8:40 a.m. ET. |
| Work-from-home online tools made by companies like Apple (AAPL), Google (GOOG), andMicrosoft (MSFT) are being exploited by hackers to break into the computer networks of major retailers like Target, a new Homeland Security report says. (NY Times) |
| A federal judge in New York ordered Bank of America (BAC) to pay $1.27 billion, as a penalty for a case involving Countrywide Financial’s "Hustle" mortgage program. (WSJ) |
| Johnson & Johnson (JNJ) will ask doctors to return surgical devices known as power morcellators, because of the potential risk of spreading cancer in women treated with the device. (AP) |
| A divided House has approved a Republican plan to launch a campaign-season lawsuit against President Barack Obama, accusing him of exceeding the bounds of his constitutional authority.(Reuters) |
| Rep. Paul Ryan, Republican from Wisconsin and former VP candidate, told CNBC that voters may indeed be correct in assuming that tax and entitlement reforms won't be enacted until the next administration. |
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