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.

Before the Bell newsletter: Key market news. In your inbox. Subscribe now!

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.

Confirmed Cases: 36287

Reported Deaths: 1249
CountyConfirmedDeaths
Hinds299254
DeSoto195920
Madison148439
Jones122449
Harrison117716
Rankin112619
Neshoba104677
Forrest103843
Lauderdale96681
Scott82415
Jackson79819
Washington73713
Copiah67016
Leake63420
Lee62822
Oktibbeha61928
Grenada6049
Warren60021
Holmes59541
Lamar5837
Wayne56519
Yazoo5607
Lowndes54817
Leflore53456
Lincoln53335
Lafayette5064
Pike50520
Sunflower5048
Monroe46135
Panola4546
Covington4465
Simpson4433
Bolivar41218
Tate39213
Attala38624
Newton37610
Adams35820
Pontotoc3556
Marion34512
Claiborne30811
Pearl River30332
Winston30111
Chickasaw30019
Marshall2923
Jasper2816
Noxubee2799
Walthall2708
Clay26111
Union25412
Smith25212
Coahoma2306
Clarke22325
Lawrence2132
Yalobusha2089
Tallahatchie1954
Kemper18414
Carroll18211
Montgomery1793
Calhoun1705
Humphreys16910
Hancock14813
Itawamba1478
Tippah14611
Webster13411
Jefferson1283
Prentiss1274
Jefferson Davis1254
Tunica1253
George1233
Greene11610
Amite1123
Alcorn1072
Tishomingo1061
Quitman1011
Wilkinson989
Perry914
Stone772
Choctaw764
Franklin542
Sharkey480
Benton470
Issaquena101
Unassigned00

Alabama Coronavirus Cases

Confirmed Cases: 52908

Reported Deaths: 1093
CountyConfirmedDeaths
Jefferson6746170
Mobile4904140
Montgomery4547112
Tuscaloosa269053
Madison22689
Marshall198011
Shelby169125
Lee159637
Morgan13385
Baldwin127711
Walker107532
Elmore106721
Etowah101114
Dallas10029
DeKalb9677
Franklin93816
Autauga69815
Russell6860
Unassigned67928
Chambers67730
Butler65229
Limestone6393
Tallapoosa63069
Cullman6156
Houston6077
Lauderdale5776
St. Clair5443
Calhoun5155
Colbert5096
Escambia4888
Lowndes48422
Pike4795
Jackson4352
Coffee4284
Covington41612
Talladega4017
Barbour3992
Dale3951
Bullock37810
Hale35423
Marengo35411
Chilton3312
Blount3201
Clarke3176
Wilcox3038
Winston2995
Sumter29213
Marion29014
Pickens2746
Randolph2639
Monroe2603
Perry2502
Conecuh2318
Bibb2241
Macon2199
Choctaw21712
Greene1989
Henry1553
Washington1488
Lawrence1360
Crenshaw1323
Cherokee1247
Geneva980
Lamar891
Clay852
Fayette851
Coosa661
Cleburne451
Out of AL00
Tupelo
Clear
80° wxIcon
Hi: 92° Lo: 70°
Feels Like: 84°
Columbus
Overcast
79° wxIcon
Hi: 92° Lo: 70°
Feels Like: 83°
Oxford
Clear
79° wxIcon
Hi: 91° Lo: 68°
Feels Like: 81°
Starkville
Broken Clouds
75° wxIcon
Hi: 90° Lo: 67°
Feels Like: 75°
WTVA Radar
WTVA Temperatures
WTVA Severe Weather