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.

Confirmed Cases: 16560

Reported Deaths: 794
CountyConfirmedDeaths
Hinds107426
Madison76728
Lauderdale75968
Neshoba72844
Jones70133
Scott66312
Forrest59539
DeSoto57510
Rankin4569
Leake45212
Holmes44330
Copiah3294
Jackson31415
Attala31118
Yazoo2964
Newton2884
Lincoln28031
Leflore27736
Oktibbeha27314
Harrison2697
Monroe26925
Wayne2623
Lamar2505
Lowndes2479
Pearl River21231
Pike20411
Adams20316
Washington1987
Warren19610
Lee1948
Noxubee1936
Covington1792
Bolivar16911
Jasper1674
Clarke15619
Smith15511
Kemper15511
Lafayette1544
Chickasaw14014
Coahoma1314
Clay1254
Winston1241
Carroll11911
Marion1169
Claiborne1155
Lawrence1071
Grenada1074
Simpson1040
Yalobusha1046
Sunflower923
Tate911
Hancock9012
Union897
Itawamba897
Marshall873
Wilkinson859
Panola843
Montgomery841
Webster844
Jefferson Davis823
Tippah7611
Calhoun674
Amite661
Walthall640
Humphreys637
Tunica583
Prentiss533
Perry513
Choctaw502
Pontotoc473
Jefferson421
Tishomingo360
Greene331
Stone320
Quitman320
Tallahatchie301
George292
Franklin292
Alcorn191
Benton140
Sharkey70
Unassigned00

Alabama Coronavirus Cases

Confirmed Cases: 18766

Reported Deaths: 651
CountyConfirmedDeaths
Mobile2321118
Jefferson1901104
Montgomery185843
Tuscaloosa83616
Marshall7089
Franklin5858
Lee56234
Shelby52819
Tallapoosa43466
Butler42118
Walker3862
Elmore3749
Chambers36026
Madison3534
Unassigned3062
Morgan3021
Baldwin2939
Dallas2923
Lowndes26512
Etowah26312
DeKalb2573
Autauga2415
Coffee2391
Sumter2287
Houston2265
Bullock2176
Pike2120
Colbert1902
Hale1859
Russell1810
Barbour1771
Marengo1756
Lauderdale1722
Calhoun1673
Wilcox1577
Choctaw15310
Cullman1521
Clarke1492
St. Clair1351
Randolph1287
Dale1240
Marion12411
Pickens1205
Talladega1195
Limestone1080
Chilton1071
Greene954
Macon934
Winston910
Jackson833
Covington821
Henry822
Crenshaw783
Bibb761
Escambia753
Washington736
Blount631
Lawrence510
Monroe462
Geneva440
Perry430
Conecuh411
Coosa401
Cherokee383
Clay282
Lamar280
Fayette160
Cleburne151
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