Gary Cohn is out; Europe tariff response; Costco earnings

1. Gary Cohn is out: President Donald Trump's top economic adviser is leaving the White House, and h...

Posted: Mar 7, 2018 7:02 AM
Updated: Mar 7, 2018 7:02 AM

1. Gary Cohn is out: President Donald Trump's top economic adviser is leaving the White House, and his departure is sending shock waves through Wall Street.

Cohn, the former president of Goldman Sachs, was a moderating voice in Trump administration, helping to temper more aggressive views on economic policy and especially trade.

US stock futures were down about 1% on Wednesday.

Cohn had been trying in recent days to soften Trump's plan to impose tariffs on aluminum and steel, which many observers fear could spark a trade war.

Global markets also reacted badly to the resignation. European stocks dropped in early trading, with many key indexes down by about 0.5%. Losses exceeded 1% in some Asian markets.

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2. Europe responds: The European Commission will brief reporters on Wednesday on how it will respond to Trump's steel and aluminum tariffs.

Commission President Jean-Claude Juncker said last week that Harley-Davidson motorbikes and bourbon whiskey could be targeted.

It's also a big day for Brexit.

The European Union will also publish a draft proposal outlining plans for its future trading relationship with Britain. Separately, UK Treasury chief Philip Hammond will outline his view on the future of financial services.

3. Earnings and economics: Abercrombie & Fitch, Casey's General and Dollar Tree will release earnings before the open. Caesars Entertainment, Costco and Rosetta Stone will follow after the close.

The US Census Bureau will publish January trade balance data at 8:30 a.m. ET. The Federal Reserve will release its Beige Book at 2 p.m., giving an overview of economic performance across the country.

4. Stock market movers -- Autodesk, H&R Block, Rolls-Royce: Shares in Autodesk and H&R Block surged in extended trading after reporting better-than-expected quarterly results.

Shares in industrial conglomerate Rolls-Royce jumped by 14% in London after the company released its annual results.

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5. Coming this week:

Wednesday - Costco, Dollar Tree earnings
Thursday -
Kroger earnings; Trans-Pacific Partnership Agreement set to be signed in Santiago de Chile
Friday - US monthly jobs report

Indiana Coronavirus Cases

Data is updated nightly.

Cases: 730306

Reported Deaths: 13419
CountyCasesDeaths
Marion999101740
Lake53712969
Allen40616676
St. Joseph35694550
Hamilton35597408
Elkhart28540442
Tippecanoe22397219
Vanderburgh22303397
Porter18757308
Johnson17952379
Hendricks17227315
Clark12977191
Madison12655339
Vigo12447246
LaPorte11914211
Monroe11888170
Delaware10680186
Howard9915216
Kosciusko9404117
Hancock8279141
Bartholomew8067155
Warrick7780155
Floyd7664178
Grant7047174
Wayne7044199
Boone6699101
Morgan6569139
Dubois6155117
Marshall6044111
Dearborn580578
Cass5804105
Henry5716103
Noble560883
Jackson501673
Shelby491296
Lawrence4535120
Harrison435572
Gibson435192
DeKalb428285
Clinton427453
Montgomery423988
Whitley395939
Huntington391180
Steuben387457
Miami381666
Knox371990
Jasper365347
Putnam360060
Wabash353979
Adams341154
Ripley339670
Jefferson330781
White313954
Daviess297099
Wells291581
Decatur285292
Fayette280562
Greene278685
Posey271533
LaGrange266370
Scott265753
Clay259947
Washington240732
Randolph240581
Spencer232131
Jennings230049
Starke216653
Fountain212346
Sullivan211642
Owen199456
Fulton195440
Jay194830
Carroll188620
Orange183554
Perry182937
Rush173225
Vermillion169143
Franklin168035
Tipton162845
Parke146116
Blackford134932
Pike134034
Pulaski116745
Newton107734
Brown102141
Crawford99714
Benton98614
Martin88915
Warren82115
Switzerland7898
Union71010
Ohio56811
Unassigned0415

Ohio Coronavirus Cases

Data is updated nightly.

Cases: 1084322

Reported Deaths: 19428
CountyCasesDeaths
Franklin1259641400
Cuyahoga1122242115
Hamilton800501205
Montgomery514881014
Summit47239945
Lucas42211788
Butler38363584
Stark32335906
Lorain25026481
Warren24296298
Mahoning21576588
Lake20698369
Clermont19777238
Delaware18525133
Licking16426212
Fairfield16201199
Trumbull16064468
Medina15289264
Greene15081244
Clark13995299
Wood13092189
Portage12872203
Allen11657232
Richland11368199
Miami10675217
Wayne8813211
Muskingum8807133
Columbiana8798229
Pickaway8575121
Marion8532135
Tuscarawas8480244
Erie7901154
Hancock6920127
Ross6855155
Ashtabula6820170
Geauga6695148
Scioto6409101
Belmont5901167
Union570948
Lawrence5559102
Jefferson5535151
Huron5435119
Darke5356123
Sandusky5353120
Seneca5288121
Athens519458
Washington5157109
Auglaize491184
Mercer480385
Shelby469593
Knox4492110
Madison436161
Putnam4283100
Fulton423169
Ashland422489
Defiance420497
Crawford3976107
Brown394857
Logan381876
Preble379698
Clinton372563
Ottawa367079
Highland355162
Williams339675
Champaign332458
Guernsey316053
Jackson312651
Perry295250
Morrow285439
Fayette282050
Hardin271164
Henry268766
Coshocton265357
Holmes2608101
Van Wert243463
Adams237952
Pike237634
Gallia235849
Wyandot231255
Hocking215362
Carroll191647
Paulding172840
Meigs144940
Noble133337
Monroe132242
Morgan108423
Harrison108337
Vinton83215
Unassigned02
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