Financial Breakfast: Morning News Summary for January 19, 2012

• Wall Street features architecture mostly from the Gilded Age, and some art deco styles.

Benzinga's Top News

• Eastman Kodak EK files Chapter 11 business reorganization
• Johnson Controls JCI Reports Q1 EPS $0.60 vs $0.62 Est; Revenues $10.4B vs $10.51B Est; Cuts 2012 EPS Guidance
• Bank of America BAC Reports Q4 EPS $0.15 vs $0.15 Est; Revenues $24.89B vs $23.78B Est

Domestic Pre-Market Trading

• U.S. Equity Markets trade higher as Dow futures trade up about 15 points.
• U.S. Dollar trades about 0.4% lower.

Overseas Trading

• European markets are higher in afternoon trading. Britain's FTSE 100 added 0.38%, Germany's DAX gained 0.23% and France's CAC 40 advanced 0.91% on the session.
• Asian stocks ended the session higher. China's Shanghai advanced 1.33%, Japan's Nikkei 225 added 1.04%, and Hong Kong's Hang Seng gained 1.3%

Upgrades/Downgrades

• Bank of America upgrades F5 Networks FFIV to Buy
• Dahlman Rose upgrades Golar LNG GLNG to Buy

• Goldman Sachs downgrades Walgreen's WAG to Neutral
• JP Morgan downgrades Air Products and Chemicals APD to Neutral

On the Economic Calendar

• Consumer Price Index, Housing Starts, Initial and Continuing Jobless Claims are set to report at 8:30 a.m. ET
• Philly Fed Index is due at 10:00 a.m.

Earnings

• Johnson Controls JCI Reports Q1 EPS $0.60 vs $0.62 Est; Revenues $10.4B vs $10.51B Est
• Bank of America BAC Reports Q4 EPS $0.15 vs $0.15 Est; Revenues $24.89B vs $23.78B Est
• Southwest Airlines LUV Reports Q4 EPS $0.09 vs $0.08 Est; Revenues $4.11B vs $4.12B Est
• UnitedHealth Group UNH Reports Q4 EPS $1.17 vs $1.03 Est; Revenues $25.92B vs $25.71B Est

Corporate News

• Eastman Kodak EK files Chapter 11 business reorganization

Commodities

• Precious metals are trading higher, with gold posting gains of about 0.26%
• Energy futures are trading higher, with crude oil posting gains of about 1.11%
• Natural Gas futures are lower by about 1.5% and copper is trading higher by about 1.5%

Benzinga's Morning Radar

Technical Levels for Futures and Forex

Name	Resistance-2	Resistance-1	Mid Pivot	Support-1	Support-2
E-Mini Dow	12608	12556	12476	12424	12344
E-Mini S&P 500	1315	1309	1297	1291	1280
Gold	1675	1667	1654	1646	1633
Crude	103.24	102.19	101.02	99.97	98.80
Natural Gas	2.58	2.53	2.49	2.44	2.40
EUR/USD	1.2955	1.2900	1.2820	1.2774	1.2686
US Dollar Index	81.62	81.16	80.91	81.43	80.20