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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%.

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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.

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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: 293542

Reported Deaths: 6638
CountyCasesDeaths
DeSoto19560229
Hinds18674385
Harrison16512276
Rankin12595262
Jackson12451217
Lee9663160
Madison9400195
Jones7891145
Forrest7140136
Lauderdale6784225
Lowndes6008137
Lamar584480
Lafayette5707113
Washington5159128
Bolivar4594120
Oktibbeha439991
Panola426892
Pearl River4116128
Warren4114113
Pontotoc407368
Marshall399492
Monroe3980126
Union392873
Neshoba3767166
Lincoln3464100
Hancock339973
Leflore3358118
Sunflower317185
Tate300874
Pike298393
Scott292567
Alcorn290360
Itawamba288871
Yazoo283862
Tippah275665
Copiah274557
Coahoma272766
Simpson271778
Prentiss268658
Leake251770
Wayne251340
Marion250778
Covington247878
Grenada245876
Adams233277
George230645
Newton224751
Winston220275
Jasper211844
Tishomingo211765
Attala206269
Chickasaw200650
Holmes181670
Clay178149
Stone171429
Tallahatchie169839
Clarke168671
Calhoun156428
Smith151831
Yalobusha142936
Greene126833
Walthall123540
Noxubee122729
Perry121434
Montgomery121237
Lawrence119321
Carroll117623
Amite110832
Webster109929
Jefferson Davis100531
Tunica98623
Claiborne97729
Benton93124
Humphreys91626
Kemper89522
Quitman77014
Franklin75519
Choctaw69516
Wilkinson62226
Jefferson61427
Sharkey48817
Issaquena1676
Unassigned00

Alabama Coronavirus Cases

Cases: 491110

Reported Deaths: 9831
CountyCasesDeaths
Jefferson706291356
Mobile35894721
Madison32255442
Tuscaloosa23996409
Montgomery22462494
Shelby21820215
Baldwin19670274
Lee14900150
Morgan13599249
Calhoun13175285
Etowah13143319
Marshall11226206
Houston10048259
Elmore9337183
Limestone9335134
Cullman8869179
St. Clair8783220
Lauderdale8581210
DeKalb8429174
Talladega7481163
Walker6504251
Jackson6477102
Autauga620389
Blount6086125
Colbert5978118
Coffee5230102
Dale4621106
Russell401831
Franklin397876
Covington3956106
Chilton384298
Escambia377172
Tallapoosa3572141
Clarke342949
Dallas3397141
Chambers3392108
Pike293071
Lawrence281384
Marion280894
Winston246166
Bibb244260
Geneva238670
Marengo233354
Pickens223954
Barbour209951
Hale208868
Fayette199756
Butler195165
Henry182041
Cherokee176438
Monroe165938
Randolph163140
Washington156634
Crenshaw143554
Clay143354
Macon140943
Cleburne136839
Lamar131732
Lowndes130648
Wilcox120825
Bullock116336
Conecuh106523
Perry105327
Sumter98431
Coosa87823
Greene87032
Choctaw54823
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