Jan 18 - Morgan Stanley reported a fourth-quarter profit, beating EPS estimates by a penny. The boost driven by higher revenue at its institutional securities business.
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Here's your morning -- Friday we've got the last of the big banks reporting this morning. Morgan Stanley at a profit with earnings per share coming in at any more than estimated. The sixth largest bank coming under on revenue and will cut 17100. Jobs this month. The banks -- up two point 6% in premarket GE reporting a better than expected seven and a half percent rise in profit for the fourth quarter. The -- reflecting -- campaign by the conglomerate to margins as well as higher sales of equipment used oil and gas production. Shares up 3% to almost 22 box in the premarket. Also reporting today Schlumberger take -- target Mac -- exploration and financial holding company State Street. US stock futures look at this morning the shares globally hitting a twenty month high on positive US jobs and how data from yesterday. China also giving world stocks a boost the economy growing in the land of big exports. China's GDP grew at a slightly faster than expected seven point 9% in the fourth quarter to twelve. The latest science pulling out of the financial crisis slowdown. Back here in the US we'll see if the new tax hikes are weighing on consumers' minds. At 955. Thomson Reuters University of Michigan consumer sentiment reading is released. I have Bart expects the index to rise to 75. A reading Anderson many would be worries them. A Reuters exclusive. Apple taking another bite out of part orders this time for iPad components. Is it Japan's sharks saying the parts supplier has nearly holed the production of the nine point seven inch screens for Apple's tablet. Earlier this week in the -- report that suppliers including sharp were asked to cut production of iPhone 5 parts. Just isn't a technical stock -- Apple's -- looking broke in some analysts say there's no support -- momentum at current levels. Apple has a chance to turn all around it reports quarterly results next week. Some stopped watching this morning Intel forecast quarterly revenue that disappointed Wall Street after yesterday's close. The chipmaker also -- a sharp increase in capital spending this year. That news well. Unnerving investors already concerned over -- PC demand. Shares in the premarket are down. AT&T warning it will take its fourth quarter charge of about ten billion dollars. Did bigger than expected pension obligations. The company also saying result would be hurt. Higher than expected Smartphone costs. And finally ran yes ran -- Jefferies upgraded the stock from hold to buy. While raising its price target from thirteen dollars to 1950. Shares up in the market. That's a -- Friday morning call be -- to follow us on Twitter at Reuters Insider and check out our what do you think at dot com slash it. I'm Lisa Bernhard this is Reuters.
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