The Market In 5 Minutes: Auto Show Highlights, Bitcoin Tumbles, Northrop Vs. Lockheed

IN THE NEWS

Quiet cabins, Wi-Fi connectivity, wireless charging, LED headlights, Apple CarPlay and Android Auto are no longer differentiators. Just about every automaker boasted these features Monday at the North American International Auto Show in Detroit: Link

The adoption of autonomous vehicles is a matter of trust, according to Intel Corporation INTC: Link

There were no buzzwords during Fiat Chrysler Automobiles NV FCAU CEO Sergio Marchionne’s segment of the North American International Auto Show: Link

A firestorm ignited by President Donald Trump’s remarks last week has imperiled lawmakers’ ability to reach a deal on immigration and spending levels, according to congressional aides, as a possible government shutdown looms at week’s end: Link $

Bitcoin tumbled 18 percent on Tuesday to a four-week trough close to $11,000, after reports that a ban on trading of cryptocurrencies in South Korea was still an option drove fears grew of a wider regulatory crackdown: Link

As oil rallies and hedge funds increase their bullish bets on crude to the highest in more than a decade, some indicators signal futures may face hurdles to advance further: Link

Laid low for most of the past decade, U.S. inflation is showing signs that it might begin to stage a comeback in 2018: Link

ECONOMIC DATA

• US January Empire Fed manufacturing index 17.7 vs 19.0 expected
• The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
• The Treasury will auction 4-week bills at 1:00 p.m. ET.

ANALYST RATINGS

• Wells Fargo upgraded Gilead GILD from Market Perform to Outperform
• Wells Fargo upgraded Northrop Grumman NOC from Market Perform to Outperform
• Wells Fargo downgraded Lockheed Martin LMT from Outperform to Market Perform
• Maquarie downgraded Under Armour UAA from Neutral to Underperform
• Mizuho downgraded Southwestern Energy SWN from Neutral to Underperform

This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here.