Trade war fears; Facebook trouble; Stocks up

1. Trade war fears: A measure of calm has returned to global markets. But for how long?...

Posted: Apr 5, 2018 1:27 PM
Updated: Apr 5, 2018 1:27 PM

1. Trade war fears: A measure of calm has returned to global markets. But for how long?

US stock futures were higher on Thursday, and most global markets posted gains in excess of 1%.

The positive mood follows days of volatile trading driven by a quick-fire exchange of threats between the United States and China. Investors fear a full-blown trade war could erupt.

Experts say the latest threat from China -- a plan for tariffs on $50 billion worth of US exports -- could be an effort to push the United States into negotiating a deal to defuse the trade spat.

The Dow Jones industrial average closed 1% higher on Wednesday, reversing huge losses from earlier in the trading session. The S&P 500 added 1.2% and the Nasdaq gained 1.5%.

2. Facebook's data problem: Facebook has revealed that Cambridge Analytica, a data firm with ties to President Donald Trump's campaign, may have had information on about 87 million of its users.

Previous reporting had put the number of people whose information may have been shared at around 50 million. Cambridge Analytica disputes the figure.

Australia launched a formal investigation into Facebook on Thursday after the company revealed information about hundreds of thousands of Australians was potentially exposed.

The data scandal has raised questions about the social media company's business model, and the leadership of CEO Mark Zuckerberg.

3. Global market overview: European stocks opened firmly higher on Thursday. Benchmark indexes in London, Paris and Frankfurt all gained more than 1.5%.

Japan's Nikkei added 1.5% and Korea's Kospi increased 1.2%. Markets in China are closed on Thursday and Friday.

Oil gained 0.3% to trade at $63.50 per barrel after a report showed a decline in US crude stocks.

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4. Earnings and economics: Monsanto will release earnings before the open. WD-40 is up after the close.

The US Census Bureau will release trade balance data for February at 8:30 a.m. ET.

The Department of Labor is set to publish jobless claims statistics at the same time. The US jobs report for March will be released on Friday.

New data show car sales in the United Kingdom slumped 16% over the previous year in March. Diesel sales slumped 37%.

The Reserve Bank of India will issue a rate decision on Thursday.

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5. Coming this week:
Thursday - February trade deficit report
Friday - Jobs report

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 512632

Reported Deaths: 10262
CountyCasesDeaths
Harrison34853555
DeSoto33162432
Hinds32556641
Jackson24830389
Rankin22442402
Lee16238242
Madison14874283
Jones14086247
Forrest13741259
Lauderdale12249324
Lowndes11286193
Lamar10644140
Pearl River9707244
Lafayette8827143
Hancock7835132
Washington7550169
Oktibbeha7204138
Monroe6989179
Pontotoc6970109
Warren6849178
Panola6746134
Neshoba6726210
Marshall6653141
Bolivar6440151
Union633897
Pike5924156
Alcorn5862107
Lincoln5525136
George510180
Prentiss500884
Tippah490282
Itawamba4829107
Scott477499
Adams4766125
Tate4748116
Leflore4723144
Copiah455895
Yazoo455591
Simpson4543117
Wayne442772
Covington432895
Sunflower4299106
Marion4265112
Coahoma4227109
Leake413790
Newton395581
Tishomingo381793
Grenada3775109
Stone365666
Jasper340166
Attala337790
Winston317792
Chickasaw313367
Clay311878
Clarke301195
Calhoun284449
Holmes271289
Smith268952
Yalobusha243747
Tallahatchie231453
Greene224749
Walthall221366
Lawrence217840
Perry213356
Amite209557
Webster205148
Noxubee188642
Montgomery181557
Carroll174441
Jefferson Davis173643
Tunica163239
Benton152639
Kemper144941
Choctaw136527
Claiborne134238
Humphreys131139
Franklin124929
Quitman107528
Wilkinson105939
Jefferson96834
Sharkey65121
Issaquena1957
Unassigned00

Alabama Coronavirus Cases

Cases: 845108

Reported Deaths: 16115
CountyCasesDeaths
Jefferson1161242006
Mobile741961379
Madison53291732
Shelby38328368
Baldwin38074589
Tuscaloosa36017641
Montgomery34483781
Lee25557263
Calhoun22585518
Morgan22454406
Etowah20016517
Marshall18781316
Houston17729425
St. Clair16880358
Limestone16138218
Cullman16050303
Elmore15904294
Lauderdale14984306
Talladega14191299
DeKalb12971269
Walker12029380
Blount10715192
Autauga10517157
Jackson10161194
Coffee9415192
Colbert9341208
Dale9018191
Tallapoosa7255201
Russell707865
Chilton7018170
Escambia6955143
Covington6933195
Franklin6342108
Chambers5784142
Marion5403130
Dallas5285209
Pike5118109
Clarke484986
Lawrence4826129
Winston4780110
Geneva4642136
Bibb434094
Barbour369480
Butler3434100
Marengo342393
Monroe337066
Randolph334367
Pickens333188
Fayette330085
Henry320666
Hale318389
Cherokee317763
Crenshaw260477
Washington257052
Cleburne254460
Lamar251453
Clay250869
Macon244764
Conecuh192862
Coosa185047
Lowndes178168
Wilcox177438
Bullock152645
Perry141840
Sumter139241
Greene130245
Choctaw93228
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