Trump on tour; Rolls-Royce engine trouble; The end of net neutrality

1. Trump on tour: The G7 summit ended in chaos. Will talks between President Donald Trump and Kim Jo...

Posted: Jun 11, 2018 11:09 AM
Updated: Jun 11, 2018 11:09 AM

1. Trump on tour: The G7 summit ended in chaos. Will talks between President Donald Trump and Kim Jong Un be more productive?

Trump refused to endorse a joint communique with America's closest allies as the G7 summit in Quebec exposed deep divisions over trade. Trump continued to tweet complaints about G7 allies overnight.

Market reaction has so far been muted. European markets opened higher on Monday, following a mixed trading session in Asia. US stock futures were pointing higher.

Investor attention will now shift to Singapore, where Trump is preparing for a high-stakes meeting with with the North Korean leader on Tuesday.

2. Rolls-Royce engine problems: Rolls-Royce opened almost 2% lower after the company revealed that its Trent 1000 jet engines are facing more "durability issues."

Rolls-Royce first reported problems with the line of engines in 2016.

On Monday, it said it has agreed with Boeing and regulators to carry out a one-off inspection of its Trent 1000 Package B fleet. The engines are used in Boeing 787 aircraft.

3. Net neutrality ends: The repeal of Obama-era net neutrality protections is officially set to take effect, despite ongoing efforts from members of Congress, state officials, tech companies and advocacy groups to save the rules.

The Republican-led Federal Communications Commission voted along party lines in December to repeal the rules, which were intended to prevent internet providers from blocking, speeding up, or slowing down access to specific online services.

4. Friday market recap: The Dow Jones industrial average and the S&P 500 both closed 0.3% higher on Friday. The Dow notched its best weekly performance since March.

The Nasdaq inched 0.1% higher on Friday and is now up nearly 11% on the year.

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5. Earnings and economics: Dave & Busters will release earnings after the close.

UK manufacturing, construction and industrial production data published Monday came in below expectations.

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6. Coming this week:
Monday - Net neutrality ends
Tuesday - H&R Block earnings; AT&T-Time Warner decision
Wednesday - Fed interest rate decision and Powell press conference
Thursday - US retail sales for May
Friday - Deadline for White House to publish tariff list

Mississippi Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 16769

Reported Deaths: 803
CountyConfirmedDeaths
Hinds110426
Madison77829
Lauderdale76569
Neshoba73945
Jones70933
Scott66312
Forrest60039
DeSoto59310
Rankin4639
Leake45512
Holmes44431
Copiah3344
Jackson31415
Attala31218
Yazoo2985
Newton2924
Oktibbeha28314
Leflore28238
Lincoln28131
Wayne2803
Monroe26925
Harrison2687
Lamar2525
Lowndes2529
Pearl River21231
Pike20411
Adams20416
Warren19910
Washington1998
Lee1978
Noxubee1956
Covington1832
Bolivar16911
Jasper1684
Clarke15619
Smith15611
Lafayette1564
Kemper15611
Chickasaw14314
Coahoma1324
Clay1254
Winston1241
Carroll11911
Marion1169
Claiborne1165
Yalobusha1116
Grenada1104
Lawrence1071
Simpson1050
Sunflower963
Tate931
Hancock9012
Marshall893
Union897
Itawamba897
Webster885
Panola873
Wilkinson859
Montgomery841
Jefferson Davis823
Tippah7611
Calhoun684
Walthall670
Amite651
Humphreys647
Tunica583
Prentiss533
Choctaw522
Perry513
Pontotoc493
Jefferson421
Tishomingo360
Stone320
Quitman320
Tallahatchie311
Greene301
George302
Franklin292
Alcorn191
Benton140
Sharkey70
Unassigned00

Alabama Coronavirus Cases

Confirmed Cases: 19387

Reported Deaths: 676
CountyConfirmedDeaths
Mobile2341123
Jefferson1927105
Montgomery190544
Tuscaloosa85316
Marshall7149
Franklin5939
Lee56334
Shelby53619
Tallapoosa43566
Butler43121
Walker3973
Elmore38110
Chambers36326
Madison3594
Unassigned3144
Morgan3141
Baldwin2969
Dallas2963
Lowndes26912
Etowah26512
DeKalb2603
Autauga2485
Coffee2401
Sumter2369
Houston2275
Pike2231
Bullock2197
Colbert1972
Hale19210
Russell1870
Barbour1831
Marengo1796
Lauderdale1752
Calhoun1693
Cullman1631
Wilcox1587
Choctaw15310
Clarke1492
St. Clair1372
Randolph1288
Dale1250
Marion12511
Talladega1215
Pickens1215
Limestone1100
Chilton1081
Greene955
Macon944
Winston920
Jackson863
Henry842
Covington831
Crenshaw803
Escambia793
Bibb761
Washington746
Blount641
Lawrence510
Monroe492
Geneva450
Perry430
Conecuh421
Coosa401
Cherokee383
Clay282
Lamar280
Fayette160
Cleburne151
Tupelo
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