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Tesla reaction; NAFTA talks; Didi in trouble

1. Tesla to remain public: Shares in Tesla were poised to slump 5% on Monday after CEO Elon...

Posted: Aug 28, 2018 6:35 PM
Updated: Aug 28, 2018 6:35 PM

1. Tesla to remain public: Shares in Tesla were poised to slump 5% on Monday after CEO Elon Musk said that he had given up on plans to take the electric-car company private.

There was heavy trading in Tesla stock ahead of the opening bell.

The billionaire entrepreneur stunned investors earlier this month when he tweeted that he had secured funding to remove the firm from the stock market.

Shares in Tesla jumped about 11% on August 7, the day Musk tweeted about his plan to take the company private. But the stock has tumbled 15% since then as doubts mounted and regulators reportedly looked into whether funding had been secured.

Musk said his change of heart came after talking to Tesla investors and realizing that taking the company private would be harder than he originally thought.

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2. NAFTA breakthrough? The United States and Mexico could be nearing a deal after weeks of bilateral talks over NAFTA, the key North American trade agreement that's faced an uncertain fate for more than a year.

Reuters reported Sunday that Mexico's Economy Minister Ildefonso Guajardo said the talks were in the "final hours."

On Saturday, President Donald Trump said in a tweet that America's "relationship with Mexico is getting closer by the hour" and that "a big Trade Agreement with Mexico could be happening soon!"

3. Didi in trouble: Didi Chuxing is suspending one of its services for the second time this year after a driver was accused of raping and killing a female passenger.

China's biggest ride-hailing company apologized for "disappointing mistakes" and said that two senior managers have been removed from their jobs.

SoftBank and Apple are among the companies that have invested in Didi. Uber also ended up with a big stake in exchange for its China operations, which it sold to Didi in 2016.

4. Global stock market overview: US stock futures were higher, suggesting that Monday could be another record-setting day on Wall Street.

The S&P 500 rallied by 0.6% on Friday to hit an all-time high. The Nasdaq added 0.9% to hit a record high of its own. The Dow Jones industrial average surged 0.5%, but remains below its January peak.

European markets were mostly positive in early trading. UK stock markets were closed for a holiday.

Asian markets ended with gains.

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5. Coming this week:

Tuesday Best Buy, H&R Block, Box and Tiffany earnings; US home price data released for June
Wednesday Salesforce and Brown-Forman earnings
Thursday Abercrombie & Fitch, Campbell Soup, Lululemon and Dollar Tree earnings
Friday — Eurozone unemployment data released for July

Mississippi Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 110592

Reported Deaths: 3171
CountyConfirmedDeaths
Hinds7731171
DeSoto655177
Harrison478481
Jackson429178
Rankin380086
Madison371092
Lee339279
Forrest292777
Jones281682
Washington250697
Lafayette241342
Lauderdale2329130
Lamar212038
Bolivar197775
Oktibbeha194154
Neshoba1795111
Lowndes173662
Panola164736
Leflore158786
Sunflower156749
Warren151854
Monroe143672
Pontotoc143019
Pike135555
Lincoln133954
Copiah133336
Marshall130026
Coahoma122836
Scott122729
Grenada119637
Simpson117648
Yazoo116933
Union113825
Holmes113060
Tate112339
Leake111839
Itawamba108724
Pearl River107456
Adams104042
Prentiss100919
Wayne97921
Alcorn94412
George93217
Marion92642
Covington90825
Tippah84820
Newton84227
Chickasaw81724
Tallahatchie81725
Winston81421
Tishomingo78640
Hancock76527
Attala76325
Clarke70948
Clay66621
Jasper66016
Walthall63427
Calhoun60912
Noxubee59516
Smith57716
Claiborne53016
Montgomery52723
Tunica51817
Lawrence48914
Yalobusha47914
Perry47522
Carroll45812
Greene44717
Stone44614
Amite41513
Quitman4096
Humphreys39916
Jefferson Davis39311
Webster36313
Wilkinson32920
Kemper31615
Benton3004
Sharkey27714
Jefferson26210
Franklin2283
Choctaw2036
Issaquena1063
Unassigned00

Alabama Coronavirus Cases

Confirmed Cases: 152272

Reported Deaths: 2621
CountyConfirmedDeaths
Jefferson22300372
Mobile14273314
Tuscaloosa9886132
Montgomery9615196
Madison895192
Shelby700260
Lee643066
Baldwin636967
Marshall425348
Calhoun408459
Etowah399149
Morgan393232
Houston362332
DeKalb313326
Elmore308152
St. Clair276742
Limestone268327
Walker264192
Talladega253634
Cullman223923
Lauderdale204340
Autauga198928
Franklin198131
Jackson197914
Russell18993
Colbert188927
Dallas184527
Blount182723
Chilton178731
Escambia170328
Covington164429
Coffee16299
Dale161551
Pike130112
Tallapoosa126986
Chambers126643
Clarke126116
Marion103929
Butler99640
Barbour9819
Marengo96421
Winston88613
Geneva8297
Pickens79317
Randolph79314
Lawrence78830
Bibb78513
Hale73729
Cherokee71414
Clay70312
Lowndes69827
Bullock63417
Henry6286
Monroe6259
Washington62012
Crenshaw58830
Perry5796
Conecuh55413
Wilcox55412
Fayette54012
Macon52819
Cleburne5207
Sumter46421
Lamar4555
Choctaw38612
Greene33316
Coosa1963
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