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.

Cases: 145636

Reported Deaths: 3745
CountyCasesDeaths
DeSoto973199
Hinds9668197
Harrison6898109
Jackson6178119
Rankin5319100
Lee487695
Madison4666106
Forrest371386
Jones346788
Lauderdale3355144
Lafayette317549
Washington3122107
Lamar283449
Oktibbeha240861
Bolivar240184
Lowndes229763
Neshoba2177115
Panola215849
Marshall209650
Leflore201490
Pontotoc196128
Monroe191477
Sunflower190555
Lincoln186865
Warren172657
Tate165451
Union163925
Pike160658
Copiah159540
Yazoo152039
Scott150729
Coahoma148743
Itawamba148234
Pearl River146567
Alcorn146327
Simpson145153
Prentiss141230
Adams137949
Grenada137745
Leake131943
Holmes126561
Tippah123030
George122324
Covington119737
Winston119124
Wayne116223
Hancock115939
Marion111646
Attala109833
Tishomingo106542
Chickasaw104132
Newton103629
Tallahatchie96327
Clarke88853
Clay87127
Jasper81222
Walthall75328
Stone73114
Calhoun72913
Montgomery72125
Carroll70614
Lawrence70314
Yalobusha70027
Noxubee69717
Smith69616
Perry65426
Tunica59619
Greene58422
Claiborne57616
Jefferson Davis55017
Humphreys52918
Amite51814
Benton48717
Quitman4816
Webster42114
Kemper41918
Wilkinson38722
Jefferson34211
Franklin3265
Choctaw3117
Sharkey30717
Issaquena1124
Unassigned00

Alabama Coronavirus Cases

Cases: 239318

Reported Deaths: 3532
CountyCasesDeaths
Jefferson31391491
Mobile19562361
Tuscaloosa12813154
Madison12741146
Montgomery12198235
Shelby1000577
Baldwin847398
Lee764466
Morgan634348
Calhoun6112115
Marshall607954
Etowah606565
Houston517038
DeKalb474736
Cullman428038
Limestone413744
St. Clair409055
Elmore400762
Lauderdale393653
Walker3588108
Talladega343453
Jackson307624
Colbert301941
Blount285539
Autauga268641
Franklin247833
Coffee239715
Dale230354
Dallas224531
Russell22053
Chilton219638
Covington216833
Escambia197431
Chambers173749
Tallapoosa173391
Pike157514
Clarke156319
Marion136535
Winston129923
Lawrence124836
Geneva12028
Pickens119418
Marengo119124
Barbour117010
Bibb116217
Butler114441
Randolph100921
Cherokee100824
Hale94531
Clay90223
Washington90219
Fayette87316
Henry8496
Lowndes79129
Monroe78111
Cleburne75714
Macon72321
Crenshaw70730
Bullock69119
Conecuh68314
Perry6756
Lamar6508
Wilcox63118
Sumter57122
Choctaw41913
Greene41418
Coosa3374
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