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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: 341862

Reported Deaths: 7533
CountyCasesDeaths
Hinds23783441
DeSoto23180283
Harrison20365329
Rankin15307290
Jackson15087251
Madison10917227
Lee10674179
Jones8969169
Forrest8621159
Lauderdale7839243
Lowndes7016151
Lamar696289
Lafayette6535124
Washington5589139
Pearl River5141152
Bolivar4949134
Oktibbeha491698
Panola4766112
Warren4709127
Marshall4691106
Pontotoc446273
Union432579
Monroe4322137
Neshoba4268181
Hancock423788
Lincoln4171116
Pike3650113
Leflore3619125
Tate352888
Alcorn349574
Sunflower347194
Adams340588
Scott340176
Yazoo338575
Copiah323468
Simpson322090
Itawamba314180
Coahoma313385
Tippah304768
Prentiss297863
Covington291883
Leake284675
Marion283681
Wayne276143
George270551
Grenada268888
Newton261564
Tishomingo239370
Winston236584
Jasper229548
Attala225973
Stone225337
Chickasaw218760
Holmes199274
Clay196754
Clarke186280
Tallahatchie183742
Calhoun181232
Smith178935
Yalobusha171340
Walthall145348
Lawrence141626
Greene139734
Amite136943
Noxubee134835
Perry133238
Montgomery132244
Carroll125931
Webster121032
Jefferson Davis116234
Tunica113427
Benton106225
Claiborne105031
Kemper102329
Humphreys100133
Franklin87723
Quitman84619
Choctaw82319
Wilkinson77732
Jefferson71128
Sharkey51618
Issaquena1736
Unassigned00

Alabama Coronavirus Cases

Cases: 577463

Reported Deaths: 11510
CountyCasesDeaths
Jefferson841981589
Mobile47171860
Madison37047533
Tuscaloosa26915465
Shelby26873256
Montgomery25918625
Baldwin24499328
Lee16949181
Calhoun15252332
Morgan15017290
Etowah14778370
Marshall12933235
Houston11774292
Elmore10761217
St. Clair10617252
Limestone10574158
Cullman10363205
Lauderdale10083254
DeKalb9382191
Talladega8836188
Walker7681287
Autauga7479114
Jackson7317117
Blount7266139
Colbert6635142
Coffee6163132
Dale5453117
Russell470642
Chilton4682117
Covington4649125
Franklin450081
Tallapoosa4440156
Escambia427882
Chambers3898125
Dallas3717163
Clarke367763
Marion3427106
Pike327879
Lawrence3225101
Winston294973
Bibb284565
Geneva276383
Marengo259967
Barbour246261
Pickens240062
Butler238272
Hale232778
Fayette225264
Henry209245
Monroe197241
Randolph196744
Cherokee196348
Washington180139
Macon168752
Crenshaw165558
Clay163759
Cleburne160245
Lamar149938
Lowndes144854
Wilcox130531
Bullock126142
Conecuh119630
Coosa116929
Perry109928
Sumter109032
Greene98736
Choctaw64325
Out of AL00
Unassigned00
Tupelo
Clear
91° wxIcon
Hi: 97° Lo: 75°
Feels Like: 100°
Columbus
Clear
91° wxIcon
Hi: 97° Lo: 74°
Feels Like: 107°
Oxford
Clear
88° wxIcon
Hi: 96° Lo: 72°
Feels Like: 98°
Starkville
Partly Cloudy
90° wxIcon
Hi: 96° Lo: 73°
Feels Like: 102°
Friday we will see the hottest and most humid day of the week. We will see many areas top off in the 105 to 115 degree heat index. Some areas will approach 120. Very little chances for some isolated showers and thunderstorms for the late portion of the afternoon.
WTVA Radar
WTVA Temperatures
WTVA Severe Weather