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.

Markets Now newsletter: Get a global markets snapshot in your inbox every afternoon. Sign up now!

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

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 315026

Reported Deaths: 7257
CountyCasesDeaths
DeSoto21684260
Hinds20385416
Harrison17973309
Rankin13650278
Jackson13456246
Madison10130217
Lee9988174
Jones8388163
Forrest7701152
Lauderdale7198240
Lowndes6411148
Lamar624686
Lafayette6210119
Washington5342134
Bolivar4804132
Oktibbeha463298
Panola4601107
Pearl River4524146
Marshall4454103
Warren4397121
Pontotoc421172
Monroe4120133
Union411276
Neshoba4033176
Lincoln3972110
Hancock380287
Leflore3500125
Sunflower336490
Tate335484
Pike3330105
Scott316773
Alcorn313670
Yazoo311870
Itawamba300877
Copiah297865
Coahoma295979
Simpson295388
Tippah289068
Adams288682
Prentiss280360
Marion269680
Leake268673
Wayne262941
Grenada261987
Covington260381
George249448
Newton246963
Winston227881
Tishomingo227567
Jasper221148
Attala214473
Chickasaw208457
Holmes189174
Clay185654
Stone183033
Tallahatchie179041
Clarke178180
Calhoun170932
Yalobusha164838
Smith162734
Walthall134345
Greene130633
Lawrence129324
Montgomery127242
Noxubee126734
Perry126338
Amite123142
Carroll121929
Webster114532
Jefferson Davis107233
Tunica105726
Claiborne102530
Benton100125
Humphreys96733
Kemper95828
Franklin83923
Quitman81116
Choctaw76418
Wilkinson67631
Jefferson65728
Sharkey50217
Issaquena1686
Unassigned00

Alabama Coronavirus Cases

Cases: 540267

Reported Deaths: 11038
CountyCasesDeaths
Jefferson798791529
Mobile41295809
Madison35175506
Tuscaloosa25932455
Shelby25309249
Montgomery24736593
Baldwin21422310
Lee15997172
Calhoun14577319
Morgan14431280
Etowah13927353
Marshall12280225
Houston10650282
Elmore10158206
Limestone10075151
St. Clair9955245
Cullman9773194
Lauderdale9465243
DeKalb8866188
Talladega8344176
Walker7261278
Autauga7010108
Jackson6840112
Blount6776139
Colbert6322135
Coffee5583118
Dale4878113
Russell445938
Chilton4383113
Franklin426382
Covington4138118
Tallapoosa4044153
Escambia395177
Chambers3598123
Dallas3569153
Clarke351561
Marion3140101
Pike312077
Lawrence303698
Winston275873
Bibb264864
Geneva254178
Marengo249865
Pickens234862
Barbour232056
Hale224078
Butler219069
Fayette213162
Henry190043
Cherokee184845
Randolph182542
Monroe178241
Washington167839
Macon161350
Clay157257
Crenshaw153657
Cleburne149641
Lamar143336
Lowndes140753
Wilcox127430
Bullock123342
Conecuh110829
Coosa109228
Perry107826
Sumter105032
Greene92634
Choctaw61024
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Your Tuesday comes with more clouds and rain chances, though a few areas of sunshine and warmth are possible at times in the afternoon. Though all areas could see some rain today, the majority of this rainfall will be found in our western counties.
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