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Stocks stabilize; Earnings bonanza; Tesla loss

1. The passing storm: A measure of calm has returned to global markets after high volatility and sha...

Posted: Feb 8, 2018 12:10 PM
Updated: Feb 8, 2018 12:10 PM

1. The passing storm: A measure of calm has returned to global markets after high volatility and sharp drops at the start of the week.

U.S. stock futures were modestly higher ahead of the open.

European markets declined in early trading, with losses around 0.5%.

Most Asian markets ended with gains, but the Shanghai Composite dropped another 1.4%. The benchmark Chinese index briefly entered correction territory on Thursday.

Investors will have plenty of economic news and earnings to consider on Thursday.

One highlight: The Bank of England will announce its latest interest rate decision, along with economic forecasts that could provide new insight into Brexit.

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2. Earnings craze: T-Mobile US, Twitter, Viacom and CVS Health are among the big names to report earnings ahead of the opening bell.

Investors will also hear from Canada Goose, Goodyear Tire, Kellogg, New York Times, Nielsen, Philip Morris International, Thomson Reuters, Tyson Foods and World Wrestling.

Viacom could face questions about a possible merger with CBS. The boards of the two companies recently said they were evaluating "a potential combination."

Then AIG, Activision Blizzard, Expedia, FireEye, Lions Gate Entertainment, News Corp., NVIDIA, Skechers USA and Zillow will release earnings after the close.

3. Stocks to watch -- Tesla, Swiss Re: Electric carmaker Tesla reported quarterly results Wednesday that showed losses soared to $675 million in the final three months of 2017.

The loss was narrower than Wall Street had expected. Tesla's stock was flat in after-hours trading.

Swiss Re confirmed that SoftBank is in talks to take a minority investment in the reinsurance company. Swiss Re said discussions were at an early stage.

4. Budget deal?: U.S. Senate leaders unveiled a massive two-year budget deal on Wednesday, a major victory for both parties that could prevent a government shutdown at the end of this week and increase the federal government's spending.

But the plan still needs to pass the House, where it's already facing strong headwinds.

The key outlying issue appears to be for how long to hike the debt ceiling, which the U.S. is expected to hit next month, though the exact parameters were still being negotiated.

Download CNN MoneyStream for up-to-the-minute market data and news

5. Coming this week:
Thursday -- Earnings from News Corp, Viacom and Twitter
Friday -- PyeongChang 2018 Winter Olympics begins; Apple's HomePod goes on sale

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 297321

Reported Deaths: 6805
CountyCasesDeaths
DeSoto19814231
Hinds18949395
Harrison16886282
Rankin12842265
Jackson12750234
Lee9720163
Madison9516204
Jones8035148
Forrest7289138
Lauderdale6872228
Lowndes6061140
Lamar593381
Lafayette5767114
Washington5232130
Bolivar4630124
Oktibbeha443095
Panola433698
Pearl River4212132
Warren4144115
Pontotoc411071
Marshall405995
Monroe3996129
Union397174
Neshoba3848171
Lincoln3624104
Hancock352978
Leflore3400121
Sunflower320986
Tate303974
Pike302697
Scott296171
Alcorn292763
Yazoo292066
Itawamba290675
Coahoma283069
Tippah280065
Copiah279959
Simpson277581
Prentiss271258
Marion258878
Wayne255641
Leake254172
Covington250280
Grenada248878
Adams235778
George232745
Newton232753
Winston222179
Jasper214145
Tishomingo213266
Attala206971
Chickasaw201954
Holmes182870
Clay179452
Stone173429
Tallahatchie171739
Clarke170773
Calhoun158628
Smith153833
Yalobusha145736
Greene128133
Walthall125441
Montgomery123540
Noxubee123431
Perry123235
Lawrence121421
Carroll119425
Amite112435
Webster111132
Jefferson Davis102731
Tunica99824
Claiborne99030
Benton94024
Humphreys93128
Kemper91423
Quitman77514
Franklin76420
Choctaw70117
Jefferson62827
Wilkinson62727
Sharkey49217
Issaquena1676
Unassigned00

Alabama Coronavirus Cases

Cases: 499411

Reported Deaths: 10149
CountyCasesDeaths
Jefferson719951403
Mobile36396741
Madison32674469
Tuscaloosa24391423
Montgomery22789523
Shelby22250219
Baldwin19915289
Lee15070161
Calhoun13961296
Morgan13785255
Etowah13413327
Marshall11458215
Houston10121264
Elmore9509190
Limestone9435139
St. Clair9050228
Cullman8993183
Lauderdale8628214
DeKalb8507175
Talladega7643165
Walker6600260
Jackson6551104
Autauga634492
Blount6252128
Colbert6007121
Coffee5261104
Dale4680107
Russell407534
Franklin400779
Covington3996107
Chilton3911104
Escambia379473
Tallapoosa3637143
Clarke344553
Chambers3432111
Dallas3428142
Pike292973
Marion288796
Lawrence285787
Winston258568
Bibb246058
Marengo244657
Geneva240270
Pickens225757
Barbour213851
Hale212569
Fayette202657
Butler201466
Henry183541
Cherokee178140
Monroe166739
Randolph165141
Washington157036
Macon147845
Crenshaw146755
Clay146254
Cleburne140141
Lamar133933
Lowndes133151
Wilcox123225
Bullock117736
Conecuh107224
Perry106427
Sumter100832
Coosa90324
Greene88732
Choctaw55723
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