Oil is at 49 dollars a barrel this morning on news of record US crude supplies. A preview of the January jobs report. Sprint turns in earnings before the bell and Twitter tells us about its fourth quarter after the market close. Tomorrow marks the release of the January jobs report. Its expected that economy added 234,000 jobs, down from the December number and the unemployment rate is seen unchanged at 5.6 percent. Yesterday, we learned that private employers added 213,000 jobs in January, falling short of the median forecasts of analysts, a payrolls processor report showed on Wednesday. Sprint is expected to turn in earnings before the bell today. The telecom giant is expected to see earnings of 24 cents a share. Sprint has been quite vocal in attacking its rivals and luring new subscribers with the offer of a cheaper bill. Sprint made headlines this week after we learned that it was in talks to buy some RadioShack stores if and when it files for bankruptcy. After the bell, Twitter reports fourth quarter earnings. The microblogging site is expected to to generate earnings of 6 cents per share and revenue of $453.4 million for the quarter. Twitter shares were higher this week on news of promoted tweets, appearing on third party sites such as Flipboard. This will help Twitter—which has come under scrutiny recently for sluggish user growth—to glean more revenue.
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