The Junk menu

The options here will allow you to mark one or multiple emails as Junk or as Phishing:

Junk email will be moved to the Junk email folder now and emails from that sender will be routed to the Junk folder automatically thereafter. You can also chose to report the email to Microsoft to help to improve the system's ability to catch this sort of mail as junk:

Emails marked as phishing will be deleted, and you have the option to report them to Microsoft: