Pre Jobs Report Trading

Good morning. Futures are lower amid dollar strength and mixed action in overseas markets. Unlike yesterday, we do have a lot of headlines to sort through especially concerning the employment picture.

• ADP jobs report came in better than expected (ADP)

• U.S. job cuts shrink to two-year low in December (Reuters)

• Consumer confidence improves (ABC News)

• U.S. retailers saw a strong finish to the 2009 holiday season (Reuters)

• US shopping center vacancies hit records (Reuters)

• Mortgage demand near six-month low as rates jump (Reuters)

• Bernanke faces mounting criticism after speech (The Hill)

• Senate panel nears agreement on role of Fed (Reuters)

• US slaps more duties on steel products from China (CNBC)

• China's Ministry of Housing says it plans to tighten credit policy to curb speculation in the real estate market (MarketNews)

• Greece rejects bailout speculation (Bloomberg)

• GMAC expects to post a $5 billion loss (Washington Post)

• Banking chief Dodd to leave Senate (Reuters)

At 10:AM we have the ISM Non-Manufacturing Survey and at 10:30 the EIA Petroleum Status report. Then this afternoon at 2:PM we have the FOMC minutes.

Read more of my premarket report.