China tariffs; Zuckerberg apology; Nike earnings

1. China tariffs: President Donald Trump is expected to announce tariffs on Chinese goods coming int...

Posted: Mar 22, 2018 2:04 PM
Updated: Mar 22, 2018 2:04 PM

1. China tariffs: President Donald Trump is expected to announce tariffs on Chinese goods coming into the United States.

The new tariffs are expected to apply to about $60 billion worth of Chinese exports to the United States. That's a little more than 10% of all Chinese goods sent to the United States in 2017.

Beijing has renewed its warning that it could retaliate if Trump follows through with his plans.

"China will certainly take all necessary measures to resolutely defend its legitimate rights and interests," the Ministry of Commerce said Thursday.

Trump has already announced new tariffs on global imports of steel and aluminum. His administration is now considering which countries should be exempt from these tariffs.

2. Zuckerberg apology: Facebook CEO Mark Zuckerberg has broken his silence over Cambridge Analytica in an interview with CNN. He apologized, and pledged to fix what he called a "breach of trust" between the social network and its users.

Facebook is facing legal action from investors and users over revelations that it allowed outsiders, including the controversial political data firm Cambridge Analytica, to access its user data.

Zuckerberg also told CNN that he was happy to testify before Congress.

Shares in Facebook were about 1% lower premarket.

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3. AT&T trial in spotlight: The Department of Justice's lawsuit to block AT&T from buying Time Warner will begin in earnest on Thursday with opening statements.

It marks the first time in 40 years the Justice Department has sued to block a merger between companies in different lines of business. The case is expected to have a big sway over the future of the media landscape and implications for other large takeover deals.

The trial is expected to last between six to eight weeks. Time Warner is the parent company of CNN.

4. Global stock market overview: European markets dipped in early trading and many Asian markets ended the day with losses.

US stock futures were also lower.

The Dow Jones industrial average, S&P 500 and Nasdaq posted small losses on Wednesday.

5. Movers and shakers: Two of the biggest market movers are tech firms: Twitter and Tencent.

Shares in Twitter declined about 2% premarket after the company's chief information security officer, Michael Coates, announced he was leaving the company.

Shares in the Chinese social media giant Tencent dropped 5% in Hong Kong as investors reacted to its annual results.

6. Earnings and economics: Carnival, Accenture, ConAgra and Darden Restaurants are set to release earnings before the open. Nike will follow after the close.

The Bank of England will issue an interest rate decision and host a news conference.

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7. Coming this week:

Thursday - Nike earnings

Indiana Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 45952

Reported Deaths: 2650
CountyConfirmedDeaths
Marion11387679
Lake4872240
Elkhart308543
Allen2677114
St. Joseph184965
Cass16369
Hamilton1484100
Hendricks136699
Johnson1235118
Porter68537
Madison64363
Tippecanoe6408
Clark62244
Bartholomew57844
Howard54356
LaPorte53925
Kosciusko4952
LaGrange4596
Jackson4553
Noble44728
Vanderburgh4306
Hancock42935
Delaware42648
Boone42242
Shelby41625
Marshall4123
Floyd36344
Morgan32031
Montgomery28720
Grant28526
Clinton2792
Dubois2606
White25810
Monroe25628
Decatur24632
Henry23515
Lawrence23124
Vigo2248
Harrison20822
Dearborn20422
Warrick20129
Greene18431
Miami1802
Jennings16911
Putnam1658
DeKalb1594
Scott1547
Daviess13916
Orange13323
Wayne1286
Franklin1248
Steuben1232
Perry1209
Ripley1127
Carroll1092
Jasper1092
Wabash1072
Fayette967
Newton9510
Whitley814
Randolph764
Starke733
Huntington702
Wells681
Jay670
Fulton661
Jefferson651
Washington641
Pulaski631
Knox620
Clay594
Rush573
Benton480
Adams451
Owen451
Gibson442
Sullivan441
Brown381
Blackford372
Posey350
Spencer311
Tipton301
Crawford290
Fountain292
Switzerland250
Martin220
Parke220
Ohio140
Warren141
Union130
Vermillion130
Pike80
Unassigned0194

Ohio Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 52865

Reported Deaths: 2876
CountyConfirmedDeaths
Franklin9338407
Cuyahoga7013366
Hamilton5224198
Marion273138
Lucas2628302
Pickaway217641
Summit1969206
Montgomery178426
Mahoning1752228
Butler144844
Columbiana120960
Stark1052112
Lorain96267
Trumbull86362
Warren75721
Clark7399
Belmont53421
Delaware51815
Tuscarawas51510
Fairfield50316
Medina49132
Lake44316
Miami44231
Ashtabula42144
Portage41858
Licking41611
Geauga39042
Wood38451
Clermont3566
Wayne35452
Richland3185
Allen29740
Mercer2728
Darke23625
Erie22922
Greene2229
Holmes2043
Madison1888
Huron1772
Crawford1357
Ottawa13023
Washington12720
Sandusky12213
Morrow1151
Putnam11516
Hardin11312
Ross1092
Auglaize993
Monroe8617
Coshocton811
Jefferson802
Union801
Hancock761
Hocking767
Muskingum731
Preble661
Lawrence650
Williams652
Clinton620
Guernsey603
Shelby594
Logan581
Wyandot584
Fulton570
Ashland551
Brown531
Carroll513
Defiance483
Fayette460
Highland431
Knox391
Champaign381
Athens371
Scioto360
Seneca332
Perry301
Henry290
Van Wert270
Paulding230
Vinton222
Adams211
Pike200
Jackson170
Gallia141
Harrison121
Meigs110
Noble110
Morgan90
Unassigned00
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