Five Things You Need to Know to Start Your Day

Earnings season in full swing, China’s lonely Covid-zero policy, and more oil price warnings.

Shares in Facebook Inc. are higher in premarket trading after the social-media behemoth showed more people are using its network of apps than analysts predicted. This is unlikely to signal the end of problems for the company though, as U.S. lawmakers consider new rules for the artificial intelligence that social media giants rely on for spreading content. In Europe this morning, UBS Group AG reported a surge in deal-making revenue while equity and fixed-income trading lagged U.S. peers. Twitter Inc., Alphabet Inc., Microsoft Corp., Visa Inc. and Eli Lilly & Co. are among the many, many companies reporting results today.