Car trouble in Japan; Adidas soars; Pandora CEO out

1. Car trouble in Japan: Shares in Suzuki, Yamaha and Mazda took a hit on Thursday after Ja...

Posted: Aug 9, 2018 12:18 PM
Updated: Aug 9, 2018 12:18 PM

1. Car trouble in Japan: Shares in Suzuki, Yamaha and Mazda took a hit on Thursday after Japanese regulators said the automakers had admitted to improper handling of fuel economy and emissions tests.

Suzuki stock dropped 6%. Yamaha and Mazda suffered smaller losses.

The issues came to light after regulators ordered internal investigations at automakers following emissions scandals at Nissan and Subaru.

Suzuki, Yamaha and Mazda each apologized in statements.

2. Score one for Adidas: Shares in Adidas jumped as much as 9% in Frankfurt after the company reported earnings.

The German sportswear firm said that second quarter sales rose 10% over the previous year. CEO Kasper Rorsted said the company got a boost from the World Cup, and its "strategic focus areas North America, Greater China and e-commerce."

While Adidas performed well, sales at its Reebok brand dropped 3% in the second quarter.

3. Not so charming: Jewelry maker Pandora said that CEO Anders Colding Friis will step down by the end of the month.

Shares in the Danish company slumped 24% on Tuesday after it warned its sales would be weaker than expected. The stock has lost roughly half its value this year.

Shares rebounded 3.4% on Thursday after the company announced the departure of Friis. The company will hold an investors' call on Thursday.

4. Russian pain: The Russian ruble fell 1.2% against the dollar, extending its losses for the week.

The Trump administration announced Wednesday that it will impose more sanctions on Russia following the poisoning of a former Russian agent and his daughter in the United Kingdom.

Russian stock markets also fell.

5. Global market overview: US stock futures were flat.

European markets opened mostly lower. Stocks in Asia posted gains.

The Dow Jones industrial average closed 0.2% down on Wednesday, while the S&P 500 was flat. The Nasdaq added 0.1%.

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6. Earnings and economics: Canada Goose, Coca-Cola European Partners, Gannett, Party City, Tribune Media and Viacom will release earnings before the open.

Funko, Lions Gate Entertainment, News Corp., Tronc and Planet Fitness will release earnings after the close.

The US Bureau of Labor Statistics will release its July inflation report at 8:30 a.m. ET.

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

7. Coming this week:
Thursday — Viacom and Tronc earnings, PPI report, Samsung holds its "Unpacked" event
Friday — CPI report

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 255125

Reported Deaths: 5574
CountyCasesDeaths
DeSoto17197175
Hinds16280322
Harrison13502193
Rankin10749211
Jackson10407183
Lee8819141
Madison8262162
Jones6375110
Forrest5992119
Lauderdale5873180
Lowndes5381116
Lafayette496692
Lamar487565
Washington4800123
Bolivar3978108
Oktibbeha393880
Panola370779
Pontotoc365353
Monroe3543105
Warren353498
Union344760
Marshall342665
Neshoba3383152
Pearl River329799
Leflore3004105
Lincoln297685
Sunflower284969
Hancock273459
Tate272462
Alcorn264053
Pike263577
Itawamba262959
Scott246645
Yazoo245955
Prentiss245652
Copiah241949
Tippah241750
Simpson235767
Coahoma233754
Leake231164
Grenada218470
Covington213071
Marion212072
Adams205870
Wayne201331
Winston200564
George199338
Attala193759
Newton192842
Tishomingo186359
Chickasaw183944
Jasper170835
Holmes168767
Clay159433
Stone143621
Tallahatchie141034
Clarke138960
Calhoun136121
Smith120823
Yalobusha117034
Walthall112336
Noxubee110522
Greene110229
Montgomery109634
Carroll104521
Lawrence102617
Perry102231
Amite98025
Webster92424
Tunica86721
Claiborne86625
Jefferson Davis84825
Humphreys83024
Benton81823
Kemper77220
Quitman6918
Franklin66615
Choctaw60513
Wilkinson58425
Jefferson54319
Sharkey43017
Issaquena1596
Unassigned00

Alabama Coronavirus Cases

Cases: 424028

Reported Deaths: 6121
CountyCasesDeaths
Jefferson62258921
Mobile30381549
Madison27160186
Tuscaloosa20779267
Montgomery19049305
Shelby18572114
Baldwin16346182
Lee12515101
Morgan12260113
Etowah11757168
Calhoun11161200
Marshall10199107
Houston8630148
Cullman8036105
Limestone802874
Elmore7849101
DeKalb768897
Lauderdale760083
St. Clair7555120
Talladega6180108
Walker5903174
Jackson581341
Colbert533573
Blount530883
Autauga519855
Coffee443956
Dale398581
Franklin367548
Chilton337665
Russell331710
Covington327768
Escambia319342
Dallas303396
Chambers284269
Clarke282133
Tallapoosa2617107
Pike249429
Marion246250
Lawrence244247
Winston227335
Bibb216247
Geneva202535
Marengo199729
Pickens197031
Hale176442
Barbour173036
Butler170258
Fayette169026
Cherokee160530
Henry154421
Monroe145617
Randolph140735
Washington137726
Clay126745
Crenshaw119544
Lamar118219
Cleburne117723
Macon115035
Lowndes110735
Wilcox103121
Bullock99128
Perry97719
Conecuh94420
Sumter89126
Greene76123
Coosa60515
Choctaw51524
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