Apple disappoints; US jobs report; Trump talks China trade

1. Great expectations: Shares in Apple (...

Posted: Nov 2, 2018 11:26 AM
Updated: Nov 2, 2018 11:26 AM

1. Great expectations: Shares in Apple (APPL) were poised to drop sharply after the company warned that sales during the holiday quarter would fall short of analyst expectations.

The tech firm said Thursday it expects fourth quarter sales of between $89 billion and $93 billion, not much more than the record $88.3 billion it reported a year ago.

Apple 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

General Motors

Labor and employment

Labor sector performance

Real estate

Real estate sector performance

Securities trading

Stock indexes

Stock markets

General Electric Co

Donald Trump

Employment trends

Government and public administration

Government bodies and offices

Political Figures - US

Politics

Unemployment rates

US federal government

White House

International trade

Trade and development

Asia

Continents and regions

North America

The Americas

United States

China

East Asia

Employment rates

Apple's third quarter earnings report came with a few more surprises: It said it will stop reporting how many iPhones, iPads and Macs it sells each quarter.

That could be because sales of Apple's flagship device have flattened. The company sold 46.9 million iPhones during the third quarter, virtually unchanged from a year ago.

The disappointing news could cost the company in another way: It's in danger of losing its status as the lone trillion-dollar company when trading opens in New York.

2. US jobs report: The US economy added 250,000 jobs in October.

The unemployment rate remained at a 49-year low of 3.7%. Wages grew 3.1%, robust growth after years of stagnant paychecks.

Economists polled by Refinitiv had expected 190,000 new jobs in October.

The strong number could help shore up President Donald Trump's economic message going into the midterm election, after a month of market turmoil that has mostly erased Wall Street's gains for the year.

3. China deal? Stock markets around the world climbed on optimism about a potential ceasefire in the trade war between the United States and China.

The biggest rises were in Asia. Hong Kong's Hang Seng Index surged more than 4% while China's Shanghai Composite and Japan's Nikkei both jumped about 2.5%.

The positive momentum started after Trump on Thursday talked up the prospects of a deal on trade with Beijing after speaking with Chinese leader Xi Jinping by phone.

Amid the buoyant mood, China's beaten down currency, the yuan, rose about 0.4% against the dollar. Major European markets gained around 1% in early trading, and US stock futures were up nearly 1%.

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

4. Earnings and economics: Alibaba (BABA), Chevron (CVX), Cinemark (CNK), Exxon Mobil (XOM), Newell Brands (NWL) and US Cellular (USM) will release earnings before the open.

US oil futures dropped around 0.5% after Bloomberg reported the Trump administration has agreed to let eight countries continue buying Iranian oil even after sanctions kick in next week.

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

5. Coming this week:

Friday — Chevron (CVX), Exxon (XOM), Newell Brands (NWL), MSG Networks (MSGN), and Seagate Technology (STX) earnings; US jobs report

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 313166

Reported Deaths: 7228
CountyCasesDeaths
DeSoto21496257
Hinds20294414
Harrison17814309
Rankin13573278
Jackson13411246
Madison10066217
Lee9962173
Jones8364163
Forrest7649152
Lauderdale7181240
Lowndes6370145
Lamar621686
Lafayette6171118
Washington5323133
Bolivar4797132
Oktibbeha461498
Panola4561105
Pearl River4499145
Marshall4397103
Warren4380121
Pontotoc419572
Monroe4100133
Union409076
Neshoba4026176
Lincoln3950110
Hancock377786
Leflore3487125
Sunflower335790
Tate332484
Pike3301105
Scott315373
Alcorn311968
Yazoo310769
Itawamba299477
Copiah296465
Simpson294788
Coahoma294379
Tippah287768
Prentiss279560
Adams269582
Marion268880
Leake266273
Wayne262341
Grenada260386
Covington256381
George246848
Newton246061
Winston226881
Tishomingo225967
Jasper220848
Attala214173
Chickasaw207157
Holmes188673
Clay184754
Stone182033
Tallahatchie178140
Clarke177879
Calhoun170132
Yalobusha163337
Smith162234
Walthall133845
Greene130333
Lawrence128323
Montgomery126742
Noxubee126734
Perry125938
Amite122842
Carroll121728
Webster114532
Jefferson Davis106932
Tunica104826
Claiborne102230
Benton99125
Humphreys96133
Kemper95428
Franklin83623
Quitman80216
Choctaw76118
Wilkinson66930
Jefferson65428
Sharkey50317
Issaquena1686
Unassigned00

Alabama Coronavirus Cases

Cases: 530988

Reported Deaths: 10978
CountyCasesDeaths
Jefferson765291522
Mobile40971804
Madison34751503
Tuscaloosa25775452
Montgomery24329589
Shelby23431249
Baldwin21131308
Lee15884171
Calhoun14501314
Morgan14293279
Etowah13831353
Marshall12222223
Houston10567281
Elmore10061205
Limestone9960151
Cullman9664193
St. Clair9655243
Lauderdale9424241
DeKalb8830186
Talladega8223176
Walker7235277
Autauga6920108
Jackson6810112
Blount6660137
Colbert6298134
Coffee5511119
Dale4831111
Russell441138
Chilton4290112
Franklin425782
Covington4121118
Tallapoosa4027152
Escambia393376
Chambers3563123
Dallas3551151
Clarke351061
Marion3118101
Pike310877
Lawrence300298
Winston274472
Bibb260764
Geneva249977
Marengo249764
Pickens234461
Barbour230857
Hale222977
Butler215969
Fayette212362
Henry188744
Cherokee184845
Randolph180241
Monroe177440
Washington167339
Macon159150
Clay156256
Crenshaw152257
Cleburne148941
Lamar142535
Lowndes138853
Wilcox127130
Bullock123041
Conecuh110529
Perry107726
Coosa107228
Sumter104532
Greene92334
Choctaw60624
Out of AL00
Unassigned00
Tupelo
Cloudy
58° wxIcon
Hi: 65° Lo: 57°
Feels Like: 58°
Columbus
Cloudy
59° wxIcon
Hi: 66° Lo: 61°
Feels Like: 59°
Oxford
Cloudy
54° wxIcon
Hi: 65° Lo: 53°
Feels Like: 54°
Starkville
Cloudy
55° wxIcon
Hi: 65° Lo: 58°
Feels Like: 55°
A frontal system to the south of our area will linger for a few more days. This lingering will linger some more chances for some showers and thunderstorms in our weather forecast over the next few days.
WTVA Radar
WTVA Temperatures
WTVA Severe Weather