Stocks stabilize; Earnings bonanza; Tesla loss

1. The passing storm: A measure of calm has returned to global markets after high volatility and sha...

Posted: Feb 8, 2018 1:10 PM
Updated: Feb 8, 2018 1:10 PM

1. The passing storm: A measure of calm has returned to global markets after high volatility and sharp drops at the start of the week.

U.S. stock futures were modestly higher ahead of the open.

European markets declined in early trading, with losses around 0.5%.

Most Asian markets ended with gains, but the Shanghai Composite dropped another 1.4%. The benchmark Chinese index briefly entered correction territory on Thursday.

Investors will have plenty of economic news and earnings to consider on Thursday.

One highlight: The Bank of England will announce its latest interest rate decision, along with economic forecasts that could provide new insight into Brexit.

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2. Earnings craze: T-Mobile US, Twitter, Viacom and CVS Health are among the big names to report earnings ahead of the opening bell.

Investors will also hear from Canada Goose, Goodyear Tire, Kellogg, New York Times, Nielsen, Philip Morris International, Thomson Reuters, Tyson Foods and World Wrestling.

Viacom could face questions about a possible merger with CBS. The boards of the two companies recently said they were evaluating "a potential combination."

Then AIG, Activision Blizzard, Expedia, FireEye, Lions Gate Entertainment, News Corp., NVIDIA, Skechers USA and Zillow will release earnings after the close.

3. Stocks to watch -- Tesla, Swiss Re: Electric carmaker Tesla reported quarterly results Wednesday that showed losses soared to $675 million in the final three months of 2017.

The loss was narrower than Wall Street had expected. Tesla's stock was flat in after-hours trading.

Swiss Re confirmed that SoftBank is in talks to take a minority investment in the reinsurance company. Swiss Re said discussions were at an early stage.

4. Budget deal?: U.S. Senate leaders unveiled a massive two-year budget deal on Wednesday, a major victory for both parties that could prevent a government shutdown at the end of this week and increase the federal government's spending.

But the plan still needs to pass the House, where it's already facing strong headwinds.

The key outlying issue appears to be for how long to hike the debt ceiling, which the U.S. is expected to hit next month, though the exact parameters were still being negotiated.

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5. Coming this week:
Thursday -- Earnings from News Corp, Viacom and Twitter
Friday -- PyeongChang 2018 Winter Olympics begins; Apple's HomePod goes on sale

Indiana Coronavirus Cases

Data is updated nightly.

Cases: 660071

Reported Deaths: 12531
CountyCasesDeaths
Marion904161633
Lake48298874
Allen35720633
Hamilton31970396
St. Joseph29796510
Elkhart25331412
Vanderburgh21192377
Tippecanoe19927199
Johnson16312356
Porter15917269
Hendricks15785300
Clark11913180
Madison11717315
Vigo11562229
Monroe10300159
Delaware9824179
LaPorte9739196
Howard9038195
Kosciusko8539108
Bartholomew7424147
Hancock7399130
Warrick7399150
Floyd7180167
Wayne6622191
Grant6413157
Boone606888
Morgan6066124
Dubois5890111
Dearborn544466
Cass542899
Marshall5414104
Henry541392
Noble508476
Jackson464165
Shelby459890
Lawrence4174111
Gibson400981
Harrison397863
Clinton394453
Montgomery385083
DeKalb384378
Knox356285
Miami356163
Whitley348435
Huntington341876
Steuben337455
Wabash330576
Putnam328259
Ripley326461
Adams322149
Jasper314843
White297152
Jefferson293773
Daviess285096
Fayette271156
Decatur270188
Greene260780
Posey260431
Wells257174
Scott250050
LaGrange240770
Clay240344
Randolph225376
Spencer216930
Jennings214344
Washington209927
Sullivan202939
Fountain201042
Starke187250
Owen181953
Fulton177937
Jay177528
Carroll176218
Perry173335
Orange170950
Rush164322
Vermillion160141
Franklin159135
Tipton145941
Parke138615
Pike127432
Blackford120527
Pulaski106544
Newton96531
Brown94839
Benton91713
Crawford90313
Martin80114
Warren75312
Switzerland7527
Union66910
Ohio52911
Unassigned0433

Ohio Coronavirus Cases

Data is updated nightly.

Cases: 964380

Reported Deaths: 17183
CountyCasesDeaths
Franklin1114961198
Cuyahoga950781723
Hamilton72988958
Montgomery47128883
Summit39949954
Butler35292468
Lucas35069761
Stark29218837
Warren22294272
Lorain21904389
Mahoning19348540
Lake18307304
Clermont18271210
Delaware16347135
Licking14893199
Fairfield14449157
Trumbull14239460
Greene13520212
Medina13290219
Clark12194335
Wood11460193
Portage10928155
Allen10742233
Richland10226205
Miami9984187
Muskingum8125129
Columbiana8086182
Tuscarawas8003235
Pickaway800199
Marion7963137
Wayne7837218
Erie6826184
Ross6104136
Geauga6030129
Hancock5965112
Ashtabula5917144
Scioto5906104
Lawrence521874
Union508852
Darke5021123
Belmont488388
Huron4761117
Jefferson4756107
Sandusky474494
Seneca4640103
Athens460931
Washington458787
Mercer4577101
Auglaize454698
Shelby440368
Knox400486
Putnam3976101
Madison390947
Fulton377364
Ashland377195
Defiance3699102
Brown368342
Crawford356096
Logan352459
Preble351771
Clinton338564
Highland326255
Ottawa320867
Williams301077
Jackson288556
Guernsey285034
Champaign284445
Fayette267644
Perry266743
Morrow258624
Henry244865
Hardin243256
Holmes2428104
Coshocton232847
Van Wert228549
Gallia220746
Adams215132
Pike213627
Wyandot208752
Hocking193248
Carroll179828
Paulding159223
Meigs134636
Noble128442
Monroe115636
Morgan100434
Harrison100132
Vinton76615
Unassigned00
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