STREAMING NOW: Watch Now

Nestle's plans; Jack Ma's warning; Brexit tension

1. Nestle plans for the future: Nestle says it's exploring the sale of its skin health busi...

Posted: Sep 20, 2018 12:18 PM
Updated: Sep 20, 2018 12:18 PM

1. Nestle plans for the future: Nestle says it's exploring the sale of its skin health business.

The company's board said in a statement that "future growth opportunities of Nestle Skin Health lie increasingly outside the group's strategic scope."

The move could put the spotlight on Nestle's future plans for its stake in L'Oreal. The board has been under pressure from activist investors, including hedge fund billionaire Daniel Loeb, to ditch the cosmetic giant.

2. Jack Ma's warning: Alibaba's Jack Ma says the escalating trade conflict between the United States and China has undermined his earlier promise to create 1 million new US jobs.

"This promise was on the basis of friendly China-US cooperation and reasonable bilateral trade relations, but the current situation has already destroyed that basis," Ma told China's official news agency, Xinhua. "This promise can't be completed."

3. Brexit tension: The first day of an informal gathering of EU leaders in Salzburg failed to yield a breakthrough on Brexit.

Britain and the European Union have not yet been able to agree the terms of Britain's impending exit from the European Union, raising fears among businesses that the country could crash out of the bloc without a deal in March 2019.

Analysts will be watching for news out of the summit on Thursday.

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

European markets were opened higher. Asian markets ended the session mixed.

The Dow Jones industrial average closed 0.6% higher on Wednesday, while the S&P 500 added 0.1% and the Nasdaq shed 0.1%.

Before the Bell newsletter: Key market news. In your inbox. Subscribe now!

5. Earnings and economics: Darden Restaurants will release earnings before the US open. Micron will follow after the close.

Aston Martin is targeting a price of £17.50 ($23.08) to £22.50 ($29.68) per share for its IPO, giving the luxury carmaker an implied value of up to £5.1 billion ($6.7 billion).

Some analysts aren't so sure.

"We love the brand. We respect the management team. But we simply can't see how a Ferrari multiple looks realistic," wrote analysts at Bernstein.

Shares in Canadian cannabis company Tilray jumped 38% on Wednesday, hitting a market cap of $20 billion. Marihuana will become legal in Canada next month and the stunning rise in the share price is partially fueled by retail investors hoping to cash in.

Equifax has been fined £500,000 fine ($659,000) by the UK Information Commissioner's Office. The regulator said the credit scoring company failed to protect the personal information of up to 15 million UK citizens during a cyberattack in 2017.

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

6. Coming this week:
Thursday — Darden Restaurants and Micron Technology earnings
Friday — S&P reclassification; new iPhones and Apple Watch hit stores

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 156868

Reported Deaths: 3851
CountyCasesDeaths
DeSoto10409104
Hinds10279202
Harrison7313112
Jackson6566128
Rankin5887106
Lee529496
Madison5014107
Forrest389786
Jones369088
Lauderdale3594147
Lafayette338253
Washington3246108
Lamar297850
Oktibbeha252362
Lowndes247064
Bolivar244384
Panola232653
Neshoba2249121
Marshall222851
Leflore208591
Monroe206778
Pontotoc204231
Lincoln197366
Sunflower192655
Warren180258
Tate177751
Union171926
Copiah167940
Pike165359
Yazoo160140
Scott159430
Itawamba157635
Alcorn155628
Pearl River155368
Coahoma152743
Simpson152653
Prentiss151331
Adams144752
Grenada143345
Leake139744
Holmes133461
Covington128639
Tippah128430
George128325
Winston125526
Hancock124341
Wayne121323
Marion119446
Attala119334
Tishomingo112443
Chickasaw109432
Newton108229
Tallahatchie98127
Clay94727
Clarke93653
Jasper85223
Stone80615
Calhoun78713
Walthall77629
Montgomery76926
Carroll74115
Lawrence73814
Smith73216
Yalobusha73128
Noxubee72717
Perry68326
Tunica62619
Greene61522
Jefferson Davis59017
Claiborne58916
Amite56615
Humphreys54719
Benton50018
Quitman5007
Webster46714
Kemper45018
Wilkinson40522
Jefferson37112
Choctaw3617
Franklin3555
Sharkey32417
Issaquena1204
Unassigned00

Alabama Coronavirus Cases

Cases: 252900

Reported Deaths: 3638
CountyCasesDeaths
Jefferson33526501
Mobile20103365
Madison13723151
Tuscaloosa13366154
Montgomery12552236
Shelby1079677
Baldwin9051137
Lee787266
Morgan696451
Calhoun6598121
Etowah656167
Marshall647357
Houston541038
DeKalb498137
Cullman462443
St. Clair441956
Limestone440445
Lauderdale426754
Elmore421164
Walker3735111
Talladega370157
Jackson340423
Colbert332042
Blount306140
Autauga281842
Franklin257434
Coffee250015
Dale239054
Dallas231532
Chilton228939
Russell22663
Covington225034
Escambia202331
Tallapoosa187291
Chambers182750
Pike161514
Clarke161019
Marion144736
Winston137523
Lawrence133436
Pickens126518
Geneva12508
Marengo123424
Bibb120418
Barbour118911
Butler118642
Randolph105522
Cherokee105124
Hale98131
Fayette94616
Washington93219
Clay92824
Henry8896
Monroe83011
Lowndes80929
Cleburne78814
Macon75522
Crenshaw72230
Bullock70119
Lamar7018
Conecuh70014
Perry6916
Wilcox64818
Sumter58622
Greene43518
Choctaw43114
Coosa3664
Out of AL00
Unassigned00
Tupelo
Clear
35° wxIcon
Hi: 58° Lo: 33°
Feels Like: 31°
Columbus
Clear
37° wxIcon
Hi: 57° Lo: 31°
Feels Like: 32°
Oxford
Clear
41° wxIcon
Hi: 55° Lo: 33°
Feels Like: 38°
Starkville
Clear
32° wxIcon
Hi: 56° Lo: 30°
Feels Like: 32°
WTVA Radar
WTVA Temperatures
WTVA Severe Weather