Apple results; Central bank actions; Earnings abound

1. Apple earnings: Apple is reporting results after the closing bell....

Posted: Jul 31, 2018 11:50 AM
Updated: Jul 31, 2018 11:50 AM

1. Apple earnings: Apple is reporting results after the closing bell.

Analysts expect that 42 million iPhones were sold during the fiscal third quarter, down from 52.2 million in the prior quarter. Many potential buyers appear to be waiting for new iPhones to launch in the fall.

Apple is expected to release three new iPhone models in the fall, though the precise timing of each is unclear.

2. It's raining results: Pfizer, Procter & Gamble and Ralph Lauren are among the main companies reporting results before the open.

Baidu.com and Cheesecake Factory will report after the close.

Investors have already heard from international firms including Sony, Nintendo, Honda, Samsung, BP, Lufthansa, Credit Suisse and Standard Chartered.

3. Central banks take center stage: There's plenty of central bank action to monitor this week.

The Bank of Japan opted to leave interest rates unchanged and continue its long-running stimulus program, surprising many investors who had expected the central bank to make substantial tweaks to its policies.

The Federal Reserve kicks off a two-day meeting on Tuesday. While the Fed is not expected to raise interest rates on Wednesday, investors will pay attention to the central bank's view on the economy and clues about future interest rate hikes.

The Fed has signaled that it's planning for two more rate hikes this year and three in 2019.

On top of that, the Bank of England is expected to announce an interest rate hike on Thursday.

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4. Global stock market overview: US stock futures were holding steady, but international markets were mixed.

Most European stock markets posted small gains in early trading, but many markets in Asia ended the day with losses.

July has been a good month for most stock markets. The Dow Jones industrial average has powered ahead 4.3% during the month. The S&P 500 has gained 3.1% and the Nasdaq posted a more modest increase of 1.6%.

Argentina's Merval and Brazil's Bovespa indexes have each rallied by more than 10%. Major European stock markets posted gains in July, with the benchmark Polish index notching a gain of 7.4%.

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5. Coming this week:

Tuesday - Eurozone second-quarter GDP released; Apple earnings
Wednesday - Federal Reserve announces interest rate decision; Sprint and Tesla earningsThursday - Bank of England announces interest rates decision; Yum Brands and Aetna earningsFriday - US jobs report released; Kraft Heinz and Toyota earnings

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 313166

Reported Deaths: 7228
CountyCasesDeaths
DeSoto21496257
Hinds20294414
Harrison17814309
Rankin13573278
Jackson13411246
Madison10066217
Lee9962173
Jones8364163
Forrest7649152
Lauderdale7181240
Lowndes6370145
Lamar621686
Lafayette6171118
Washington5323133
Bolivar4797132
Oktibbeha461498
Panola4561105
Pearl River4499145
Marshall4397103
Warren4380121
Pontotoc419572
Monroe4100133
Union409076
Neshoba4026176
Lincoln3950110
Hancock377786
Leflore3487125
Sunflower335790
Tate332484
Pike3301105
Scott315373
Alcorn311968
Yazoo310769
Itawamba299477
Copiah296465
Simpson294788
Coahoma294379
Tippah287768
Prentiss279560
Adams269582
Marion268880
Leake266273
Wayne262341
Grenada260386
Covington256381
George246848
Newton246061
Winston226881
Tishomingo225967
Jasper220848
Attala214173
Chickasaw207157
Holmes188673
Clay184754
Stone182033
Tallahatchie178140
Clarke177879
Calhoun170132
Yalobusha163337
Smith162234
Walthall133845
Greene130333
Lawrence128323
Montgomery126742
Noxubee126734
Perry125938
Amite122842
Carroll121728
Webster114532
Jefferson Davis106932
Tunica104826
Claiborne102230
Benton99125
Humphreys96133
Kemper95428
Franklin83623
Quitman80216
Choctaw76118
Wilkinson66930
Jefferson65428
Sharkey50317
Issaquena1686
Unassigned00

Alabama Coronavirus Cases

Cases: 530988

Reported Deaths: 10978
CountyCasesDeaths
Jefferson765291522
Mobile40971804
Madison34751503
Tuscaloosa25775452
Montgomery24329589
Shelby23431249
Baldwin21131308
Lee15884171
Calhoun14501314
Morgan14293279
Etowah13831353
Marshall12222223
Houston10567281
Elmore10061205
Limestone9960151
Cullman9664193
St. Clair9655243
Lauderdale9424241
DeKalb8830186
Talladega8223176
Walker7235277
Autauga6920108
Jackson6810112
Blount6660137
Colbert6298134
Coffee5511119
Dale4831111
Russell441138
Chilton4290112
Franklin425782
Covington4121118
Tallapoosa4027152
Escambia393376
Chambers3563123
Dallas3551151
Clarke351061
Marion3118101
Pike310877
Lawrence300298
Winston274472
Bibb260764
Geneva249977
Marengo249764
Pickens234461
Barbour230857
Hale222977
Butler215969
Fayette212362
Henry188744
Cherokee184845
Randolph180241
Monroe177440
Washington167339
Macon159150
Clay156256
Crenshaw152257
Cleburne148941
Lamar142535
Lowndes138853
Wilcox127130
Bullock123041
Conecuh110529
Perry107726
Coosa107228
Sumter104532
Greene92334
Choctaw60624
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Columbus
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Oxford
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Starkville
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A frontal system to the south of our area will linger for a few more days. This lingering will linger some more chances for some showers and thunderstorms in our weather forecast over the next few days.
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