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US tariffs; Euro tumbles; Upbeat Rolls-Royce

1. US tariffs confirmed: President Donald Trump has given his approval for the United States to put ...

Posted: Jun 15, 2018 1:02 PM
Updated: Jun 15, 2018 1:02 PM

1. US tariffs confirmed: President Donald Trump has given his approval for the United States to put tariffs on $50 billion of Chinese exports, according to a source with knowledge of the situation.

An official announcement including a final list of impacted products is expected on Friday.

Beijing said it's ready to respond.

"If the United States takes unilateral protectionist measures and harms China's interests, we will respond immediately and take necessary measures to firmly safeguard our legitimate rights," Foreign Ministry spokesman Geng Shuang said Friday.

2. Euro slides: The euro has slumped 2.5% against the US dollar after the European Central Bank announced plans Thursday to end its -2.5 trillion ($2.9 trillion) stimulus program at the end of 2018.

The move helped push the dollar to its highest level this year against a basket of currencies.

The central bank said its plan was "subject to incoming data," and that interest rates would "remain at their present levels at least through the summer of 2019."

The end of money printing means the ECB thinks the economy no longer needs emergency support.

Meanwhile, there was worrying economic news out of Germany, where the Bundesbank cut this year's economic growth forecast to 2% from 2.5%. The central bank said that "uncertainties regarding the prospects for the German economy are considerably greater than they were."

3. Rolls-Royce upbeat: Shares in Rolls-Royce spiked 13% after the UK engineering company said it expects free cash flow to exceed -1 billion ($1.3 billion) by 2020.

The announcement comes one day after the company said it would cut 4,600 jobs in an effort to slash costs by -400 million ($535 million) by 2020.

4. Global market overview: US stock futures were lower.

European markets were mixed, while stocks in Asia were mostly lower.

The Dow Jones industrial average closed 0.1% lower on Thursday. The S&P 500 added 0.3% and the Nasdaq gained 0.9%.

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5. Earnings and economics: Canada Goose will release earnings before the open.

The Bank of Japan left monetary policy unchanged at its meeting on Friday.

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6. Coming this week:
Friday - Deadline for White House to publish tariff list

Indiana Coronavirus Cases

Data is updated nightly.

Cases: 775686

Reported Deaths: 14025
CountyCasesDeaths
Marion1066871814
Lake572681031
Allen43500701
Hamilton37653427
St. Joseph37508568
Elkhart29882471
Tippecanoe23732232
Vanderburgh23634405
Porter19690327
Johnson19020394
Hendricks18271323
Clark13730199
Madison13719348
Vigo12949256
Monroe12691180
LaPorte12645225
Delaware11218198
Howard10832237
Kosciusko9851124
Hancock8855150
Bartholomew8343157
Warrick8216157
Floyd8128183
Grant7457181
Boone7289105
Wayne7273201
Morgan6988143
Marshall6376117
Dubois6327118
Cass6130112
Noble607391
Dearborn605878
Henry6001111
Jackson520977
Shelby514898
Lawrence5020128
Gibson471697
Montgomery464792
Clinton462755
DeKalb461485
Harrison459277
Huntington429082
Whitley421045
Steuben414561
Miami411573
Jasper403957
Knox397291
Putnam388762
Wabash373884
Adams358956
Ripley354571
Jefferson351487
White341854
Daviess3110100
Wells305981
Greene298485
Decatur294393
Posey288235
Fayette287764
Scott285458
LaGrange278873
Clay277649
Washington257638
Randolph248583
Jennings243349
Spencer240531
Fountain239050
Starke231559
Owen226759
Sullivan224143
Fulton210446
Jay204132
Carroll200623
Orange194456
Perry193139
Vermillion183444
Rush179127
Tipton174348
Franklin173935
Parke157816
Pike144034
Blackford138732
Pulaski124748
Newton124137
Benton111615
Brown106743
Crawford106716
Martin92715
Warren88715
Switzerland8568
Union73910
Ohio58711
Unassigned0429

Ohio Coronavirus Cases

Data is updated nightly.

Cases: 1132798

Reported Deaths: 20530
CountyCasesDeaths
Franklin1312911496
Cuyahoga1180592268
Hamilton830231263
Montgomery541901064
Summit491891018
Lucas43982835
Butler40324615
Stark34056941
Lorain26232511
Warren25125312
Mahoning22881614
Lake21602397
Clermont20592261
Delaware19295138
Licking16977227
Fairfield16959207
Trumbull16940493
Medina16019278
Greene15721254
Clark14439309
Portage13548219
Wood13411201
Allen12124245
Richland11870214
Miami11140229
Wayne9344228
Columbiana9282236
Muskingum9207137
Pickaway8796123
Marion8774140
Tuscarawas8756257
Erie8220166
Ashtabula7318180
Hancock7080135
Ross7070165
Geauga7032153
Scioto6887108
Belmont6261179
Lawrence6033106
Union595149
Jefferson5787162
Huron5678122
Sandusky5536130
Darke5476131
Seneca5391128
Washington5391111
Athens528660
Auglaize510587
Mercer492885
Shelby487798
Knox4678112
Ashland450198
Madison450066
Defiance444599
Fulton443275
Putnam4366104
Crawford4152112
Brown414163
Preble3988107
Logan396379
Clinton395667
Ottawa378281
Highland370768
Williams361878
Champaign351760
Guernsey334054
Jackson324954
Perry300550
Morrow298544
Fayette291350
Hardin280465
Henry279067
Coshocton275161
Holmes2735102
Van Wert254465
Gallia254150
Adams253658
Pike247137
Wyandot236557
Hocking224163
Carroll203349
Paulding181542
Meigs153940
Monroe139446
Noble138739
Harrison115738
Morgan112024
Vinton88217
Unassigned04
Fort Wayne
Clear
62° wxIcon
Hi: 83° Lo: 56°
Feels Like: 62°
Angola
Partly Cloudy
64° wxIcon
Hi: 81° Lo: 56°
Feels Like: 64°
Huntington
Clear
60° wxIcon
Hi: 81° Lo: 53°
Feels Like: 60°
Decatur
Clear
62° wxIcon
Hi: 83° Lo: 55°
Feels Like: 62°
Van Wert
Clear
60° wxIcon
Hi: 84° Lo: 55°
Feels Like: 60°
The heat and humidity builds into the region as we head into the weekend.
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