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China tariffs; Zuckerberg apology; Nike earnings

1. China tariffs: President Donald Trump is expected to announce tariffs on Chinese goods coming int...

Posted: Mar 22, 2018 1:04 PM
Updated: Mar 22, 2018 1:04 PM

1. China tariffs: President Donald Trump is expected to announce tariffs on Chinese goods coming into the United States.

The new tariffs are expected to apply to about $60 billion worth of Chinese exports to the United States. That's a little more than 10% of all Chinese goods sent to the United States in 2017.

Beijing has renewed its warning that it could retaliate if Trump follows through with his plans.

"China will certainly take all necessary measures to resolutely defend its legitimate rights and interests," the Ministry of Commerce said Thursday.

Trump has already announced new tariffs on global imports of steel and aluminum. His administration is now considering which countries should be exempt from these tariffs.

2. Zuckerberg apology: Facebook CEO Mark Zuckerberg has broken his silence over Cambridge Analytica in an interview with CNN. He apologized, and pledged to fix what he called a "breach of trust" between the social network and its users.

Facebook is facing legal action from investors and users over revelations that it allowed outsiders, including the controversial political data firm Cambridge Analytica, to access its user data.

Zuckerberg also told CNN that he was happy to testify before Congress.

Shares in Facebook were about 1% lower premarket.

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3. AT&T trial in spotlight: The Department of Justice's lawsuit to block AT&T from buying Time Warner will begin in earnest on Thursday with opening statements.

It marks the first time in 40 years the Justice Department has sued to block a merger between companies in different lines of business. The case is expected to have a big sway over the future of the media landscape and implications for other large takeover deals.

The trial is expected to last between six to eight weeks. Time Warner is the parent company of CNN.

4. Global stock market overview: European markets dipped in early trading and many Asian markets ended the day with losses.

US stock futures were also lower.

The Dow Jones industrial average, S&P 500 and Nasdaq posted small losses on Wednesday.

5. Movers and shakers: Two of the biggest market movers are tech firms: Twitter and Tencent.

Shares in Twitter declined about 2% premarket after the company's chief information security officer, Michael Coates, announced he was leaving the company.

Shares in the Chinese social media giant Tencent dropped 5% in Hong Kong as investors reacted to its annual results.

6. Earnings and economics: Carnival, Accenture, ConAgra and Darden Restaurants are set to release earnings before the open. Nike will follow after the close.

The Bank of England will issue an interest rate decision and host a news conference.

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7. Coming this week:

Thursday - Nike earnings

Mississippi Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 34622

Reported Deaths: 1215
CountyConfirmedDeaths
Hinds269748
DeSoto181818
Madison138236
Jones117349
Harrison104014
Rankin103515
Neshoba102274
Lauderdale94281
Forrest93943
Scott79215
Jackson72717
Washington64310
Copiah63115
Leake61320
Lee58621
Holmes57341
Oktibbeha56828
Wayne55416
Warren55320
Yazoo5436
Grenada5357
Lowndes52613
Leflore52256
Lincoln50935
Lamar5027
Pike47020
Sunflower4528
Lafayette4374
Monroe43635
Covington4195
Panola3996
Bolivar38018
Attala37524
Simpson3733
Newton35710
Adams34019
Pontotoc3266
Tate32313
Marion31312
Claiborne29310
Chickasaw29219
Winston28711
Pearl River27632
Noxubee2758
Marshall2693
Jasper2676
Clay25511
Union23811
Smith23412
Walthall2267
Coahoma2156
Clarke21425
Lawrence1992
Yalobusha1938
Kemper18014
Carroll17311
Tallahatchie1664
Humphreys15910
Montgomery1493
Calhoun1475
Tippah14411
Itawamba1418
Hancock13813
Webster12811
Tunica1193
Jefferson1173
Jefferson Davis1164
Prentiss1123
Greene10810
Amite1063
George1023
Wilkinson959
Tishomingo921
Quitman891
Alcorn852
Perry764
Choctaw754
Stone732
Franklin492
Benton420
Sharkey420
Issaquena101
Unassigned00

Alabama Coronavirus Cases

Confirmed Cases: 49892

Reported Deaths: 1077
CountyConfirmedDeaths
Jefferson6030162
Mobile4418137
Montgomery4339109
Tuscaloosa254448
Madison19078
Marshall186611
Shelby150924
Lee149437
Morgan12205
Baldwin111410
Walker105127
Elmore98919
Dallas9639
Franklin92216
Etowah88214
DeKalb8416
Chambers65727
Russell6570
Autauga65313
Butler64328
Tallapoosa61669
Unassigned58626
Limestone5741
Houston5526
Cullman5395
Lauderdale5376
Lowndes48022
St. Clair4692
Colbert4656
Pike4595
Escambia4528
Calhoun4365
Coffee4074
Covington39911
Jackson3742
Bullock37010
Barbour3672
Dale3621
Talladega3497
Hale33722
Marengo33011
Wilcox2968
Clarke2946
Winston2893
Chilton2872
Sumter28512
Blount2731
Pickens2556
Monroe2492
Marion24514
Randolph2449
Conecuh2277
Perry2091
Bibb2081
Macon2069
Choctaw20212
Greene1928
Henry1433
Crenshaw1273
Washington1277
Lawrence1170
Cherokee1127
Geneva920
Lamar811
Fayette781
Clay742
Coosa621
Cleburne411
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