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European Economics Preview: Germany Factory Orders Data Due

Factory orders data from Germany is due on Friday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is slated to issue Germany’s factory orders data for January. Economists forecast orders to grow 0.7 percent on month, reversing a 1.9 percent fall in December.

In the meantime, unemployment data is due from Norway.

At 2.45 am ET, France’s current account and foreign trade figures are due for January.

At 3.00 am ET, industrial production from Hungary and revised GDP data from Austria are due.

Half an hour later, UK Halifax house price data is due. Economists forecast house prices to climb 0.3 percent on month in February, reversing the 0.3 percent fall in January.

At 4.00 am ET, Italy’s Istat releases retail sales figures for January. Sales had increased 2.5 percent on month in December.

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Watch live: Biden Covid team holds briefing as more states lift pandemic restrictions

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President Joe Biden's Covid-19 response team is holding a news briefing Friday on the coronavirus pandemic, which has infected more than 28 million Americans and killed at least 520,356 in a little over a year.

On Thursday, Democratic Connecticut Gov. Ned Lamont said a number of the state's businesses will be allowed to reopen at full capacity beginning March 19. The move follows similar measures from Texas and Mississippi, both run by Republican governors.

But top U.S. health officials, including Centers for Disease Control and Prevention Director Dr. Rochelle Walensky, are warning against rolling back public health measures too soon. They say it could reverse the current downward trajectory in infections and delay the nation's recovery from the pandemic.

Read CNBC's live updates to see the latest news on the Covid -19 outbreak.

—CNBC's Noah Higgins-Dunn contributed to this report.

Oklahoma State star, NBA draft prospect Cade Cunningham injures ankle in loss to Baylor

Oklahoma State guard Cade Cunningham crossed over and went to his left. But he stepped on the foot of Baylor’s Davion Mitchell.

Cunningham went down.

With 42.8 seconds remaining, the Cowboys’ superstar and highly regarded NBA draft prospect clutched his left ankle on the court. The outcome was nearly finalized — a No. 3-ranked Baylor 81-70 win — but the real concern Thursday night was with Cunningham.

He was helped off the court and did not return. He did walk off the court after the loss under his own power with a slight limp.

OSU coach Mike Boynton did not have an update on Cunningham’s status after the game. Cunningham will be evaluated soon.

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Stock Alert: ArcLight Clean Transition Downtick Continues

ArcLight Clean Transition Corp. (ACTC) shares are declining more than 15 percent on Friday morning trade, continuing the fall for the last several weeks. Earlier in the first week of January, the shares were trading above $26.

Today, there have been no company-specific news to impact the stock .

Currently, shares are at $14.22, down 15.10 percent from the previous close of $16.75. For the 52-week period the shares have traded in a range of $9.74-$31.06 on average volume of 3,001,733.

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