Markets surge; Sky drama; New iPhones hit stores

1. Markets surge: The Dow Jones industrial...

Posted: Sep 21, 2018 11:59 AM
Updated: Sep 21, 2018 11:59 AM

1. Markets surge: The Dow Jones industrial average surged 1% and closed at a record high on Thursday. It's the index's first new record since January.

The milestone shows that Wall Street is mostly unfazed by the escalating trade clash between the United States and China, the world's two biggest economies.

The Dow closed at 26,657. It has spiked about 3,300 points since hitting a recent low on April 2. Investors are betting that the strong US economy will help minimize the impact of tariffs.

The S&P 500 gained 0.8% on Thursday and the Nasdaq added 1%.

Momentum could continue on Friday. US stock futures were higher, and European markets opened with gains. The Shanghai Composite jumped 2.5% and Hong Kong's Hang Seng increased 1.7%.

2. Sky drama: The fate of European broadcaster Sky is likely to be decided on Saturday.

Sky has been the subject of an extended fight between Comcast and 21st Century Fox. Fox is now backed by Disney, which is in the process of buying most of Fox's entertainment assets.

The UK Takeover Panel is set to hold an auction for Sky on Saturday if there's no resolution to the long-running takeover battle by close of business on Friday.

It's rare for a UK takeover to be decided by auction but the process is designed to produce final bids from each suitor that can then be evaluated by shareholders.

3. New Apple products: Apple's new iPhone models are hitting stores. The smartphone has been Apple's biggest cash cow for years and investors are watching its sales closely.

The 5.8-inch iPhone XS starts at $999 in the United States, while the iPhone XS Max costs $100 more. The "affordable" iPhone XR ($749) ships next month.

The company is also releasing iOS 12, Apple Watch and software updates to its HomePod and tvOS devices.

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4. Companies and economics: Uber is in talks to buy UK-based food delivery company Deliveroo, according to Bloomberg and the Financial Times. Both companies declined to comment.

A deal could spark a wave of consolidation in the crowded food delivery industry in Europe. Shares in JustEat, another UK-based player, tanked 6.7% on the reports.

Shares in India's Yes Bank plunged 34% after the Reserve Bank of India said the bank's chief executive has to step down by the end of January 2019.

Jet Airways stock dropped as much as 7% after a rough couple of days for the struggling Indian airline. It was questioned by India's tax authorities on Wednesday, and around 30 passengers complained of nose and ear bleeds due to low pressure on a flight Thursday.

Canadian inflation data will be published at 8:30 a.m. ET.

Shares in GE dropped 3% on Thursday after the company said one of its gas turbines recently suffered a glitch at a Texas power plant.

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5. Coming this week:
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
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