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Retail hopes; China trade talks; German growth slows

1. Retail rebound: The US Census Bureau will release retail sales figures for April at 8:30 a.m. ET ...

Posted: May 15, 2018 11:36 AM
Updated: May 15, 2018 11:36 AM

1. Retail rebound: The US Census Bureau will release retail sales figures for April at 8:30 a.m. ET on Tuesday.

Morgan Stanley analysts are expecting a rebound in consumer spending in the second quarter, led by an increase in sales at home improvement stores.

Retailers have been suffering in recent quarters, partly because of lukewarm wage growth. Despite a healthy job market, wages rose 2.6% from a year ago in April, following 2.7% growth in March.

Most experts think that number needs to be above 3% before consumers will start spending more.

2. Vodafone CEO to quit: Shares in Vodafone opened almost 4% lower in London on Tuesday, after long time CEO Vittorio Colao said he would step down in October.

Colao, who's held the role since 2008, will be replaced by Vodafone's chief financial officer Nick Read.

Vodafone announced last week it was buying Liberty Global's operations in Germany, the Czech Republic, Hungary and Romania, significantly increasing its footprint in the region. Vodafone is paying -10.8 billion ($12.8 billion) in cash for the businesses.

3. China trade talks: A Chinese delegation led by President Xi Jinping's top economic adviser is visiting the United States from Tuesday through Saturday for trade talks.

The negotiations are aimed at dialing down tensions between the world's two biggest economies.

While Liu is in Washington, American companies will be airing their views on President Donald Trump's plan to slap tariffs on around $50 billion worth of Chinese goods as punishment for alleged intellectual property theft.

The US Trade Representative will hear from more than 100 businesses and trade groups starting Tuesday.

4. German slowdown: Germany's economic growth slowed to 0.3% quarter on quarter in the first three months of the year, from 0.6% the previous quarter.

Economists were expecting growth of 0.4% in Europe's biggest economy. The German statistics office said domestic demand, construction and manufacturing were stronger, while foreign trade was "less dynamic."

The wider eurozone posted growth of 0.4% in the first quarter, down from 0.7% in the last quarter of 2017.

5. Global market overview: US stock futures were pointing lower early on Tuesday, indicating the Dow Jones industrial average longest winning streak since September might come to an end.

The Dow gained 0.3% on Monday, while the S&P 500 and the Nasdaq were both up 0.1%.

European and Asian markets were mixed on Tuesday.

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6. Earnings and economics: Home Depot is set to release earnings before the open Tuesday.

UK unemployment was unchanged at 4.2% in the three months to March, matching the lowest it has been since 1975. Average wages excluding bonuses rose by 2.9%, up from 2.8% in the three months to February.

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7. Coming this week:
Tuesday - Home Depot earnings; USTR hearing starts; US retail sales, UK jobs report
Wednesday - Macy's earnings
Thursday - JCPenney, Nordstrom earnings
Friday - Campbell Soup earnings

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 313942

Reported Deaths: 7240
CountyCasesDeaths
DeSoto21580258
Hinds20330415
Harrison17879309
Rankin13594278
Jackson13429246
Madison10088217
Lee9970174
Jones8370163
Forrest7670152
Lauderdale7188241
Lowndes6387146
Lamar622486
Lafayette6184118
Washington5332133
Bolivar4801132
Oktibbeha462198
Panola4582106
Pearl River4506146
Marshall4435103
Warren4386121
Pontotoc420172
Monroe4107133
Union410076
Neshoba4030176
Lincoln3962110
Hancock378486
Leflore3493125
Sunflower335990
Tate333384
Pike3316105
Scott315773
Alcorn312768
Yazoo311469
Itawamba299777
Copiah296865
Coahoma295179
Simpson294988
Tippah288168
Prentiss279760
Adams278782
Marion269080
Leake267473
Wayne262641
Grenada261386
Covington258281
George247848
Newton246261
Winston227081
Tishomingo226667
Jasper221048
Attala214273
Chickasaw207757
Holmes188873
Clay185254
Stone182433
Tallahatchie178541
Clarke177980
Calhoun170532
Yalobusha164238
Smith162334
Walthall133945
Greene130533
Lawrence128524
Montgomery126742
Noxubee126734
Perry126338
Amite123042
Carroll121828
Webster114532
Jefferson Davis107033
Tunica105226
Claiborne102430
Benton99525
Humphreys96533
Kemper95728
Franklin83623
Quitman80716
Choctaw76318
Wilkinson67230
Jefferson65528
Sharkey50217
Issaquena1686
Unassigned00

Alabama Coronavirus Cases

Cases: 531404

Reported Deaths: 10985
CountyCasesDeaths
Jefferson765501522
Mobile41036805
Madison34789503
Tuscaloosa25788453
Montgomery24340589
Shelby23449249
Baldwin21154308
Lee15882171
Calhoun14511314
Morgan14306279
Etowah13843353
Marshall12232223
Houston10570281
Elmore10068205
Limestone9974151
Cullman9676194
St. Clair9661243
Lauderdale9427241
DeKalb8831186
Talladega8227176
Walker7241277
Autauga6926108
Jackson6814112
Blount6678137
Colbert6306134
Coffee5519119
Dale4838111
Russell441538
Chilton4296112
Franklin426082
Covington4129118
Tallapoosa4023152
Escambia393677
Chambers3573123
Dallas3551152
Clarke351161
Marion3122101
Pike310977
Lawrence300398
Winston274473
Bibb260964
Geneva250477
Marengo249564
Pickens234461
Barbour231057
Hale223077
Butler216069
Fayette212562
Henry188844
Cherokee185245
Randolph180542
Monroe177540
Washington167339
Macon159650
Clay156756
Crenshaw152557
Cleburne148941
Lamar142535
Lowndes138853
Wilcox127130
Bullock122841
Conecuh110529
Perry107726
Coosa107628
Sumter104732
Greene92534
Choctaw60724
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