Julie Morgan

LVS is down 10% despite a Q4 revenue and EPS beat as investors reacted to a sharp miss in Macau EBITDA margins, which declined 390 basis points.

And on today's economic calendar at 8.30 a.m., international trade in goods and services.

Also at 8.30 a.m., jobless claims.

And at 10 a.m., factory orders.

That's it for today's Wall Street Breakfast.

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I'm your host, Julie Morgan.

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Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

It's good to be with you on this Wednesday, January 28th.

I'm Julie Morgan.

ASML Holding plans to cut about 1,700 jobs, mainly across technology and IT.

Most of the job reductions will take place in the Netherlands, with some in the U.S., and will largely affect those in management and leadership.

The cuts represent roughly 4% of ASML's workforce.

The CFO said in a call with reporters that ASML has a complex organization, often requiring excessive coordination.

Roger Dassin added that the changes are aimed at streamlining operations so that engineers can be engineers again.

The announcement was made as ASML reported its fourth quarter results.

The company had a huge fourth quarter.