Trump criticizes Powell; Stocks steady; Kohl's earnings

1. Trump on the Fed: President Donald Trump has again criticized Federal Reserve Chairman J...

Posted: Aug 21, 2018 11:32 AM
Updated: Aug 21, 2018 11:32 AM

1. Trump on the Fed: President Donald Trump has again criticized Federal Reserve Chairman Jerome Powell over his handling of monetary policy.

In an interview with Reuters, Trump said he is "not thrilled" with Powell for raising interest rates, arguing the central bank should do more to help the US economy.

"Markets have not particularly liked US President Trump's comments, seeing them as a threat to the independence of the central bank," said Paul Donovan, global chief economist at UBS Wealth Management.

The comments helped push the dollar lower against a range of global currencies. US government bond yields declined but have since stabilized.

US stock futures were holding steady on Tuesday.

2. More trade talks: Investors are also looking ahead to trade talks between the United States and China that kick off Wednesday in Washington.

The two sides are expected to discuss their trade relationship and escalating trade war. The next round of US tariffs on $16 billion of Chinese goods is scheduled to go into effect Thursday.

3. Global stock market overview: European markets were little changed.

The mood in Asian markets was mostly positive, with Chinese indexes posting gains. One top performer was Geely Auto — the owner of Volvo — which saw shares surge 7.5%.

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4. Earnings: Kohl's, JM Smucker, Coty and Toll Brothers will release earnings before the open. La-Z-Boy and Urban Outfitters will follow after the close.

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5. Coming this week:

Tuesday JM Smucker, Toll Brothers and Kohl's earnings
Wednesday Target, Lowe's and L Brands earnings
Thursday Alibaba, HP, Ross Stores and Gap earnings, US tariffs on 279 Chinese products take effect
Friday Foot Locker earnings, Federal Reserve chairman Jerome Powell speaks at the Economic Policy Symposium in Jackson Hole

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 148387

Reported Deaths: 3769
CountyCasesDeaths
DeSoto9874101
Hinds9821198
Harrison6982110
Jackson6218119
Rankin5417102
Lee498495
Madison4711106
Forrest375086
Jones352488
Lauderdale3412145
Lafayette319749
Washington3153107
Lamar286349
Oktibbeha243562
Bolivar240884
Lowndes232864
Neshoba2189118
Panola218849
Marshall211950
Leflore203490
Pontotoc199128
Monroe196077
Sunflower191055
Lincoln187865
Warren174157
Tate166951
Union165325
Pike160958
Copiah160440
Yazoo152939
Scott151829
Itawamba151134
Coahoma149543
Pearl River149467
Alcorn148228
Simpson146353
Prentiss143730
Adams139250
Grenada138845
Leake133243
Holmes127861
Tippah123730
George123524
Covington120938
Winston120024
Hancock117639
Wayne116923
Marion114846
Attala111234
Tishomingo108742
Chickasaw106932
Newton104229
Tallahatchie96727
Clay89927
Clarke89153
Jasper81722
Walthall76028
Stone75214
Calhoun73713
Montgomery72825
Carroll71415
Lawrence70714
Yalobusha70527
Smith70316
Noxubee70017
Perry65826
Tunica60219
Greene59722
Claiborne57916
Jefferson Davis56017
Humphreys53119
Amite52714
Benton49017
Quitman4846
Webster42314
Kemper42118
Wilkinson38722
Jefferson34711
Franklin3345
Choctaw3157
Sharkey30817
Issaquena1144
Unassigned00

Alabama Coronavirus Cases

Cases: 241957

Reported Deaths: 3572
CountyCasesDeaths
Jefferson31809500
Mobile19651361
Madison12964148
Tuscaloosa12946154
Montgomery12263236
Shelby1016177
Baldwin857698
Lee771866
Morgan648050
Calhoun6215119
Etowah618266
Marshall618255
Houston522438
DeKalb480436
Cullman433442
Limestone418645
St. Clair413655
Elmore403764
Lauderdale396754
Walker3620111
Talladega347954
Jackson311723
Colbert306042
Blount287940
Autauga270442
Franklin250233
Coffee242015
Dale231754
Dallas225232
Russell22123
Chilton220638
Covington218034
Escambia197931
Chambers176450
Tallapoosa175491
Pike158114
Clarke157619
Marion137136
Winston131123
Lawrence126336
Pickens121618
Geneva12108
Marengo120224
Barbour117010
Bibb117017
Butler115341
Randolph101921
Cherokee101024
Hale96031
Clay91024
Washington90719
Fayette89316
Henry8526
Lowndes79429
Monroe78311
Cleburne76914
Macon73022
Crenshaw70930
Bullock69419
Conecuh68314
Perry6836
Lamar6678
Wilcox63118
Sumter57522
Greene42318
Choctaw42113
Coosa3414
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