Amazon HQ2: who really wins?

With New York and Virginia declared the winners of Amazon's headquarters search, CNN's Jon Sarlin looks at how good it really is to be the "winner."

Posted: Nov 15, 2018 11:41 PM
Updated: Nov 16, 2018 12:12 AM

1. Tech rout: Tech stocks were hit hard Tuesday amid concerns about slowing demand for Apple iPhones.

Apple suppliers in Asia found themselves under pressure. Japan Display was down 9.5%, Hon Hai Precision Industry (HNHPD), known as Foxconn, dropped 3% and Taiwan Semiconductors (TSM) lost 2.5%

The slump was triggered by a 5% slide in Apple (AAPL) shares on Monday after supplier Lumentum (LITE) cut its earnings and sales forecast because of weak demand. JPMorgan also cut its target price on Apple's stock.

That caused widespread pain. Amazon (AMZN) shed 4.5% on Monday and Tesla (TSLA) fell more than 5%. Facebook (FB), Google (GOOGL), Netflix (NFLX) and Microsoft (MSFT) dropped over 2%.

The Dow closed the session down 2.3%. The S&P 500 shed 2% and the Nasdaq slumped 2.8%

2. Amazon decides: Amazon has chosen New York City and Northern Virginia to split duty as its second headquarters, according to the Wall Street Journal. The official announcement could come as early as Tuesday.

The development projects will bring the cities a huge infusion of jobs and tax revenue, but are almost certain to draw fire from critics concerned about their impact on infrastructure and property values.

3. Global market overview: US stock futures were pointing higher.

European markets opened in positive territory, while stocks in Asia were mixed.

US crude futures dropped 2% to trade at $58.70 per barrel. Crude is on track for 12 consecutive days of losses, the longest slide since oil futures trading was introduced on the NYMEX in March 1983. The historic slump knocked oil into a bear market — barely a month after it hit four-year highs.

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4. Earnings and economics: Aramark (ARMK), Home Depot (HD) and Tyson Foods (TSN) will release earnings before the opening bell. SurveyMonkey (SVMK) and Tilray (TLRY) will follow after the close.

Shares in Vodafone (VOD) jumped almost 6% after the UK telecoms firm said it would slash costs and create a virtual company to manage its towers. Vodafone also froze its dividend.

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5. Coming this week:

Tuesday — Aramark (ARMK), Home Depot (HD) and Tyson Foods (TSN) earnings
Wednesday — Blue Apron (APRN), Progressive (PGR), Cisco Systems (CSCO), Gap (GPS), and Macy's (M) earnings; Inflation numbers for October
Thursday — Nvidia (NVDA), Nordstrom (JWN), Walmart (WMT), and Manchester United (MANU) earnings; October retail sales
Friday — Williams-Sonoma (WSM) earnings

Mississippi Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 29684

Reported Deaths: 1103
CountyConfirmedDeaths
Hinds238239
DeSoto148616
Madison126734
Jones110449
Neshoba98171
Lauderdale90079
Rankin88812
Forrest85142
Harrison84210
Scott76215
Copiah59216
Jackson58416
Leake57019
Holmes54441
Wayne53513
Lee53218
Oktibbeha53226
Washington5319
Warren49618
Yazoo4936
Leflore48049
Lowndes47212
Lincoln44334
Lamar4407
Grenada4325
Pike40712
Monroe38830
Lafayette3774
Attala35823
Sunflower3467
Newton3389
Covington3345
Panola3256
Bolivar32114
Adams29318
Simpson2833
Pontotoc2736
Marion27011
Tate2709
Chickasaw26918
Claiborne25610
Jasper2566
Winston2546
Noxubee2538
Pearl River24832
Clay24710
Marshall2173
Smith21611
Clarke20524
Coahoma1916
Union1919
Walthall1804
Kemper17714
Lawrence1701
Yalobusha1677
Carroll16411
Itawamba1348
Humphreys1329
Calhoun1284
Tippah12811
Hancock12613
Webster12610
Montgomery1242
Tallahatchie1224
Jefferson Davis1094
Prentiss1023
Greene1018
Jefferson993
Tunica933
Wilkinson929
Amite892
George783
Tishomingo741
Quitman730
Choctaw724
Perry654
Alcorn631
Stone571
Franklin412
Sharkey340
Benton300
Issaquena91
Unassigned00

Alabama Coronavirus Cases

Confirmed Cases: 41362

Reported Deaths: 983
CountyConfirmedDeaths
Jefferson4802152
Montgomery3947103
Mobile3904134
Tuscaloosa218842
Marshall168010
Lee130237
Madison12717
Shelby117623
Morgan10475
Walker90524
Franklin87814
Dallas8689
Elmore86414
Baldwin8289
Etowah70713
DeKalb6945
Butler62328
Chambers61227
Tallapoosa58369
Autauga56012
Russell5190
Unassigned50323
Lauderdale4736
Limestone4660
Lowndes46321
Houston4614
Cullman4354
Pike4175
Colbert3836
Coffee3702
Bullock3679
St. Clair3472
Barbour3452
Covington3437
Escambia3326
Calhoun3225
Hale30621
Marengo30011
Talladega3007
Wilcox2898
Sumter28412
Clarke2726
Dale2680
Jackson2632
Winston2463
Monroe2312
Chilton2282
Blount2261
Pickens2226
Marion21413
Randolph2019
Conecuh1977
Choctaw19512
Bibb1861
Greene1838
Macon1819
Perry1621
Henry1313
Crenshaw1253
Lawrence1050
Washington1047
Cherokee857
Geneva780
Lamar751
Fayette671
Clay622
Coosa581
Cleburne361
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