STREAMING NOW: Watch Now

Google gadgets; Microsoft bets on Grab; IMF downgrades

1. Google's big event: Google is holding its gadget event on Tuesday.Hardware is a s...

Posted: Oct 9, 2018 11:52 AM
Updated: Oct 9, 2018 11:52 AM

1. Google's big event: Google is holding its gadget event on Tuesday.

Hardware is a small part of Google's business, but Android and Google Assistant are crucial to the future of Alphabet, Google's parent company.

Alphabet Inc

Banking, finance and investments

Business and industry sectors

Business, economy and trade

Companies

Company activities and management

Company earnings

Economic indicators

Economy and economic indicators

Financial markets and investing

Financial performance and reports

Financial results

Food and beverage industry

Food production industry

General Electric Co

General Mills Incorporated

General Motors

Google Inc

Sales and selling

Sales figures

Securities trading

Stock indexes

Stock markets

Microsoft

Asia

Continents and regions

Grab

Southeast Asia

Consumer electronics

Consumer products

Electronics

Globalization

Technology

Trade and development

Government organizations - Intl

International Monetary Fund

Google (GOOGL) is expected to debut a new Pixel 3 and Pixel 3 XL phone, more Google Home devices (perhaps a speaker with a screen) and showcase its plans for mobile and voice software.

The event threatens to be overshadowed by other Google news. On Monday, the company shuttered its long ailing social network Google+ for consumer use after it reportedly failed to disclose a security bug.

2. Microsoft bets on Grab: Microsoft is teaming up with the ride hailing and payment startup Grab.

As part of the deal, Grab will adopt Microsoft Azure as its preferred cloud platform. In exchange, Microsoft (MSFT) will make a strategic investment in Grab. The two companies did not reveal the size of the investment.

Grab is a key player in southeast Asia, where it recently bought out Uber's regional business. Grab was valued at around $11 billion in August, according to a source with knowledge of the matter.

3. Trade war downgrade: The International Monetary Fund has cut its economic growth forecasts for the United States and China as the countries clash over trade.

Despite healthy momentum in the United States, IMF economists now expect growth there to slow to 2.5% next year from 2.9% this year. They cut the 2019 forecast by 0.2 percentage points because trade conflicts.

China's growth is now expected to drop to 6.2%, from 6.6% this year. The new 2019 forecast is 0.2 percentage points lower than the fund's previous forecast, reflecting the waves of new tariffs that have taken effect since then.

The more pessimistic forecast comes as the clash between Washington and Beijing threatens to keep escalating and cause damage in other countries.

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

European markets opened higher following a mixed trading session in Asia.

The Dow Jones industrial average closed 0.2% higher on Monday. The S&P 500 was flat, and the Nasdaq shed 0.7% as tech stocks continued to struggle.

5. Companies and economics: AZZ (AZZ) and Helen of Troy (HELE) will release earnings before the open.

Aviva (AVVIY) announced that Mark Wilson is stepping down as CEO. Wilson led the UK insurance company through a transformation that included the £5.6 billion ($7.3 billion) purchase of rival Friends Life.

Mexico's inflation report will be released at 9 a.m. ET.

UK retail sales growth has slumped to the lowest in five months, according to the British Retail Consortium.

6. Coming this week:
Tuesday — Google hardware event
Thursday — Delta (DAL) earnings; Walgreens Boots Alliance (WBA); Deadline for Sky shareholders to accept Comcast offer; Monthly OPEC report
Friday — Citigroup (C), JPMorgan Chase (JPM), Wells Fargo earnings (WFC); US consumer sentiment for October

Mississippi Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 27900

Reported Deaths: 1082
CountyConfirmedDeaths
Hinds211139
DeSoto131115
Madison120634
Jones106149
Neshoba95268
Lauderdale87978
Rankin81612
Forrest79842
Scott74215
Harrison7198
Copiah56214
Leake54719
Holmes52040
Wayne51511
Jackson50516
Oktibbeha48324
Lee47716
Leflore46948
Yazoo4676
Washington4659
Lowndes44411
Lincoln43434
Warren42517
Lamar4077
Grenada3675
Pike35612
Monroe35529
Attala35023
Lafayette3394
Newton3289
Covington2905
Sunflower2806
Adams26318
Bolivar26113
Chickasaw25418
Panola2546
Jasper2456
Noxubee2458
Tate2457
Clay24010
Marion24011
Winston2405
Pearl River23932
Pontotoc2314
Claiborne22810
Simpson2183
Smith20411
Clarke19824
Marshall1963
Coahoma1836
Kemper17413
Union1729
Walthall1694
Carroll15711
Lawrence1541
Yalobusha1527
Webster12310
Itawamba1228
Tippah12111
Hancock12013
Humphreys1209
Calhoun1194
Montgomery1162
Jefferson Davis1034
Prentiss973
Tallahatchie943
Greene917
Tunica893
Wilkinson899
Jefferson843
Amite812
George733
Choctaw714
Quitman670
Tishomingo651
Perry594
Alcorn551
Stone511
Franklin382
Benton270
Sharkey240
Issaquena61
Unassigned00

Alabama Coronavirus Cases

Confirmed Cases: 38442

Reported Deaths: 947
CountyConfirmedDeaths
Jefferson4210140
Montgomery378894
Mobile3634134
Tuscaloosa196436
Marshall14959
Lee116737
Shelby105623
Madison10216
Morgan9553
Franklin84313
Walker84317
Dallas8088
Elmore80614
Baldwin6639
Etowah60613
Butler60427
Chambers57627
DeKalb5765
Tallapoosa56069
Autauga53011
Unassigned50924
Russell4690
Lowndes45719
Houston4244
Lauderdale4105
Limestone4030
Cullman3983
Pike3965
Colbert3635
Bullock3609
Coffee3522
Barbour3221
Covington3086
St. Clair2922
Hale28520
Wilcox2788
Marengo27711
Sumter27512
Calhoun2685
Clarke2645
Escambia2586
Talladega2576
Dale2410
Winston2293
Jackson2102
Chilton2062
Blount2041
Pickens2046
Marion20012
Monroe1942
Choctaw19112
Conecuh1786
Randolph1699
Bibb1671
Macon1668
Greene1647
Perry1350
Henry1293
Crenshaw1223
Lawrence1000
Washington987
Cherokee717
Lamar711
Fayette661
Geneva630
Coosa551
Clay532
Cleburne291
Out of AL00
Tupelo
Clear
73° wxIcon
Hi: 89° Lo: 74°
Feels Like: 73°
Columbus
Clear
71° wxIcon
Hi: 91° Lo: 73°
Feels Like: 71°
Oxford
Overcast
70° wxIcon
Hi: 87° Lo: 72°
Feels Like: 70°
Starkville
Clear
68° wxIcon
Hi: 88° Lo: 70°
Feels Like: 68°
WTVA Radar
WTVA Temperatures
WTVA Severe Weather