US tariffs; Euro tumbles; Upbeat Rolls-Royce

1. US tariffs confirmed: President Donald Trump has given his approval for the United States to put ...

Posted: Jun 15, 2018 12:02 PM
Updated: Jun 15, 2018 12:02 PM

1. US tariffs confirmed: President Donald Trump has given his approval for the United States to put tariffs on $50 billion of Chinese exports, according to a source with knowledge of the situation.

An official announcement including a final list of impacted products is expected on Friday.

Beijing said it's ready to respond.

"If the United States takes unilateral protectionist measures and harms China's interests, we will respond immediately and take necessary measures to firmly safeguard our legitimate rights," Foreign Ministry spokesman Geng Shuang said Friday.

2. Euro slides: The euro has slumped 2.5% against the US dollar after the European Central Bank announced plans Thursday to end its -2.5 trillion ($2.9 trillion) stimulus program at the end of 2018.

The move helped push the dollar to its highest level this year against a basket of currencies.

The central bank said its plan was "subject to incoming data," and that interest rates would "remain at their present levels at least through the summer of 2019."

The end of money printing means the ECB thinks the economy no longer needs emergency support.

Meanwhile, there was worrying economic news out of Germany, where the Bundesbank cut this year's economic growth forecast to 2% from 2.5%. The central bank said that "uncertainties regarding the prospects for the German economy are considerably greater than they were."

3. Rolls-Royce upbeat: Shares in Rolls-Royce spiked 13% after the UK engineering company said it expects free cash flow to exceed -1 billion ($1.3 billion) by 2020.

The announcement comes one day after the company said it would cut 4,600 jobs in an effort to slash costs by -400 million ($535 million) by 2020.

4. Global market overview: US stock futures were lower.

European markets were mixed, while stocks in Asia were mostly lower.

The Dow Jones industrial average closed 0.1% lower on Thursday. The S&P 500 added 0.3% and the Nasdaq gained 0.9%.

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5. Earnings and economics: Canada Goose will release earnings before the open.

The Bank of Japan left monetary policy unchanged at its meeting on Friday.

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6. Coming this week:
Friday - Deadline for White House to publish tariff list

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 159036

Reported Deaths: 3879
CountyCasesDeaths
DeSoto10563104
Hinds10414204
Harrison7397113
Jackson6655128
Rankin6057107
Lee540396
Madison5120107
Forrest394786
Jones376188
Lauderdale3663147
Lafayette341053
Washington3321108
Lamar301950
Oktibbeha255262
Lowndes252867
Bolivar248084
Panola237353
Neshoba2280122
Marshall225051
Leflore211191
Monroe209778
Pontotoc208131
Lincoln200566
Sunflower194155
Warren183058
Tate180451
Union172926
Copiah170840
Pike166760
Scott161330
Yazoo161340
Itawamba159936
Alcorn159328
Pearl River158969
Coahoma155943
Prentiss154931
Simpson154053
Adams147252
Grenada145445
Leake141844
Holmes134461
Covington130040
Tippah130030
George129525
Winston128726
Hancock127641
Wayne123024
Attala122834
Marion121447
Tishomingo114043
Chickasaw110732
Newton110529
Tallahatchie99427
Clay96127
Clarke94853
Jasper87023
Stone82015
Calhoun79513
Walthall79330
Montgomery78426
Carroll75515
Lawrence74614
Smith74216
Yalobusha74228
Noxubee73317
Perry68726
Tunica63019
Greene62422
Jefferson Davis59617
Claiborne59216
Amite57615
Humphreys55219
Quitman5107
Benton50418
Kemper48018
Webster47714
Wilkinson40722
Jefferson38312
Choctaw3637
Franklin3635
Sharkey32917
Issaquena1214
Unassigned00

Alabama Coronavirus Cases

Cases: 256828

Reported Deaths: 3711
CountyCasesDeaths
Jefferson34214511
Mobile20299366
Madison13925150
Tuscaloosa13591156
Montgomery12659238
Shelby1095877
Baldwin9163137
Lee792566
Morgan710851
Etowah677467
Calhoun6695121
Marshall665757
Houston548239
DeKalb504738
Cullman472043
St. Clair451857
Limestone447546
Lauderdale436054
Elmore427564
Walker3818111
Talladega374457
Jackson350723
Colbert336443
Blount310043
Autauga287342
Franklin259734
Coffee254115
Dale242054
Dallas232932
Chilton230841
Russell22813
Covington227934
Escambia206131
Tallapoosa189191
Chambers185950
Pike162214
Clarke161819
Marion146136
Winston141924
Lawrence135336
Pickens127720
Geneva12638
Marengo125224
Bibb123938
Barbour120629
Butler118842
Randolph105922
Cherokee105524
Hale99732
Fayette96316
Clay93525
Washington93319
Henry8946
Monroe83811
Lowndes82129
Cleburne79914
Macon76522
Crenshaw72930
Conecuh72414
Lamar7138
Bullock70919
Perry6927
Wilcox64918
Sumter58922
Greene44218
Choctaw43519
Coosa3724
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