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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.

Cases: 320174

Reported Deaths: 7390
CountyCasesDeaths
DeSoto22294271
Hinds20755424
Harrison18450317
Rankin13923282
Jackson13733249
Madison10273225
Lee10063176
Jones8473167
Forrest7837153
Lauderdale7263242
Lowndes6523150
Lamar636288
Lafayette6314121
Washington5427138
Bolivar4841133
Panola4671110
Oktibbeha466398
Pearl River4606148
Marshall4574105
Warren4440121
Pontotoc425973
Monroe4162136
Union415877
Neshoba4065180
Lincoln4009113
Hancock387687
Leflore3516125
Tate342586
Sunflower339491
Pike3373111
Alcorn327474
Scott320374
Yazoo314571
Adams308486
Itawamba305178
Copiah299966
Coahoma299084
Simpson298689
Tippah292268
Prentiss284261
Leake272374
Marion271280
Covington267283
Wayne264842
Grenada264087
George252451
Newton249064
Tishomingo232369
Winston230282
Jasper222148
Attala215173
Chickasaw210659
Holmes190574
Stone188733
Clay187954
Tallahatchie180041
Clarke178980
Calhoun174232
Yalobusha167940
Smith164134
Walthall135447
Greene131834
Lawrence131224
Montgomery128643
Noxubee128034
Perry127538
Amite126342
Carroll122330
Webster115032
Jefferson Davis108334
Tunica108127
Claiborne103130
Benton102325
Humphreys97533
Kemper96729
Franklin85023
Quitman82316
Choctaw79118
Wilkinson69632
Jefferson66328
Sharkey50917
Issaquena1696
Unassigned00

Alabama Coronavirus Cases

Cases: 549013

Reported Deaths: 11311
CountyCasesDeaths
Jefferson810461571
Mobile42145831
Madison35718525
Tuscaloosa26179458
Shelby25626254
Montgomery25089614
Baldwin21901314
Lee16287176
Calhoun14724327
Morgan14639285
Etowah14183364
Marshall12454230
Houston10791287
Elmore10301214
Limestone10188157
St. Clair10161251
Cullman9958201
Lauderdale9612250
DeKalb8977190
Talladega8462184
Walker7341280
Autauga7242113
Jackson6953113
Blount6950139
Colbert6415140
Coffee5638127
Dale4930116
Russell454941
Chilton4478116
Franklin431782
Covington4279122
Tallapoosa4144155
Escambia401880
Chambers3728124
Dallas3610158
Clarke353161
Marion3245107
Pike314578
Lawrence3134100
Winston283572
Bibb268564
Geneva258481
Marengo250665
Pickens237062
Barbour234559
Hale227178
Butler224671
Fayette218962
Henry194443
Randolph187644
Cherokee187345
Monroe180641
Washington170739
Macon163051
Clay160159
Crenshaw156357
Cleburne153644
Lamar146937
Lowndes142254
Wilcox126930
Bullock124542
Conecuh113630
Coosa111629
Perry108626
Sumter105832
Greene93634
Choctaw62125
Out of AL00
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Columbus
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After such a unseasonably cool, dry start to your Wednesday, temperatures will heat up pretty quickly. Humidity remains relatively low, keeping rain out of the forecast. But it does return quickly into late-week, ramping rain chances up as we approach the weekend.
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