Brexit breakthrough; U.S. jobs report; Shutdown averted

1. Brexit breakthrough: Britain and the European Union reached a Brexit milestone on Friday, breakin...

Posted: Dec 8, 2017 2:52 PM
Updated: Dec 8, 2017 2:52 PM

1. Brexit breakthrough: Britain and the European Union reached a Brexit milestone on Friday, breaking a deadlock that allows talks to move onto a crucial second phase.

Negotiations will now turn to trade and the terms of a transition that would allow businesses in the U.K. to adapt to life outside the bloc.

The pound posted a mild reaction to the deal, gaining 0.2% against the dollar.

Investor enthusiasm may be limited because trade talks promise to be difficult.

"Let's remember that the most difficult challenge still ahead," said European Council President Donald Tusk. "Breaking up is hard. But breaking up and building a new relationship is much harder."

2. Jobs report: The U.S. economy continued its strong jobs-creation run in November.

The data show employers added 228,000 jobs and unemployment remained at a 17-year low of 4.1%.

The report echoes other signs of strength: The economy grew 3.3% in the most recent quarter, its best performance since 2014.

3. Shutdown averted, for now: The dollar edged higher against other major currencies after lawmakers voted for a short-term spending bill that will keep the federal government running for another two weeks.

The major obstacle is what comes after December 22, when the government runs out of money once again.

All eyes will be on the White House, as Trump and top congressional leaders try to resolve policy differences so Congress can pass a long-term spending bill before Christmas.

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4. Global overview: Stocks markets are closing out the week with a bang.

U.S. stock futures were higher. Major European and Asian markets were in positive territory.

U.S. crude oil futures gained 0.7% to trade just above $57 per barrel.

The one big loser of the day was bitcoin, which continued its wild ride. It plunged more than $2,500 after hitting new record on Thursday.

The Dow Jones industrial average and the S&P 500 both gained 0.3% on Thursday, while the Nasdaq added 0.5%.

5. Companies and economics: Shares in Japan Display shot up 9% in Tokyo on a report that Apple might start using LCD screens in future smartphones.

A preliminary reading of the University of Michigan's Consumer Sentiment Index for December will be released at 10 a.m.

Chinese exports and imports data came out stronger than expected, pointing to healthy global trade.

"We expect exports to continue to perform well in the coming months on the back of strong global demand," said Julian Evans-Pritchard, China Economist at Capital Economics.

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6. Coming this week:

Friday -- Jobs report

Mississippi Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 110006

Reported Deaths: 3171
CountyConfirmedDeaths
Hinds7731171
DeSoto655177
Harrison478481
Jackson429178
Rankin380086
Madison371092
Lee339279
Forrest292777
Jones281682
Washington250697
Lafayette241342
Lauderdale2329130
Lamar212038
Bolivar197775
Oktibbeha194154
Neshoba1795111
Lowndes173662
Panola164736
Leflore158786
Sunflower156749
Warren151854
Monroe143672
Pontotoc143019
Pike135555
Lincoln133954
Copiah133336
Marshall130026
Coahoma122836
Scott122729
Grenada119637
Simpson117648
Yazoo116933
Union113825
Holmes113060
Tate112339
Leake111839
Itawamba108724
Pearl River107456
Adams104042
Prentiss100919
Wayne97921
Alcorn94412
George93217
Marion92642
Covington90825
Tippah84820
Newton84227
Chickasaw81724
Tallahatchie81725
Winston81421
Tishomingo78640
Hancock76527
Attala76325
Clarke70948
Clay66621
Jasper66016
Walthall63427
Calhoun60912
Noxubee59516
Smith57716
Claiborne53016
Montgomery52723
Tunica51817
Lawrence48914
Yalobusha47914
Perry47522
Carroll45812
Greene44717
Stone44614
Amite41513
Quitman4096
Humphreys39916
Jefferson Davis39311
Webster36313
Wilkinson32920
Kemper31615
Benton3004
Sharkey27714
Jefferson26210
Franklin2283
Choctaw2036
Issaquena1063
Unassigned00

Alabama Coronavirus Cases

Confirmed Cases: 149724

Reported Deaths: 2618
CountyConfirmedDeaths
Jefferson22300372
Mobile14273314
Tuscaloosa9886132
Montgomery9615196
Madison895192
Shelby700260
Lee643066
Baldwin636967
Marshall425348
Calhoun408459
Etowah399149
Morgan393232
Houston362332
DeKalb313326
Elmore308152
St. Clair276742
Limestone268327
Walker264192
Talladega253634
Cullman223923
Lauderdale204340
Autauga198928
Franklin198131
Jackson197914
Russell18993
Colbert188927
Dallas184527
Blount182723
Chilton178731
Escambia170328
Covington164429
Coffee16299
Dale161551
Pike130112
Tallapoosa126986
Chambers126643
Clarke126116
Marion103929
Butler99640
Barbour9819
Marengo96421
Winston88613
Geneva8297
Pickens79317
Randolph79314
Lawrence78830
Bibb78513
Hale73729
Cherokee71414
Clay70312
Lowndes69827
Bullock63417
Henry6286
Monroe6259
Washington62012
Crenshaw58830
Perry5796
Conecuh55413
Wilcox55412
Fayette54012
Macon52819
Cleburne5207
Sumter46421
Lamar4555
Choctaw38612
Greene33316
Coosa1963
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