Car trouble in Japan; Adidas soars; Pandora CEO out

1. Car trouble in Japan: Shares in Suzuki, Yamaha and Mazda took a hit on Thursday after Ja...

Posted: Aug 9, 2018 1:18 PM
Updated: Aug 9, 2018 1:18 PM

1. Car trouble in Japan: Shares in Suzuki, Yamaha and Mazda took a hit on Thursday after Japanese regulators said the automakers had admitted to improper handling of fuel economy and emissions tests.

Suzuki stock dropped 6%. Yamaha and Mazda suffered smaller losses.

The issues came to light after regulators ordered internal investigations at automakers following emissions scandals at Nissan and Subaru.

Suzuki, Yamaha and Mazda each apologized in statements.

2. Score one for Adidas: Shares in Adidas jumped as much as 9% in Frankfurt after the company reported earnings.

The German sportswear firm said that second quarter sales rose 10% over the previous year. CEO Kasper Rorsted said the company got a boost from the World Cup, and its "strategic focus areas North America, Greater China and e-commerce."

While Adidas performed well, sales at its Reebok brand dropped 3% in the second quarter.

3. Not so charming: Jewelry maker Pandora said that CEO Anders Colding Friis will step down by the end of the month.

Shares in the Danish company slumped 24% on Tuesday after it warned its sales would be weaker than expected. The stock has lost roughly half its value this year.

Shares rebounded 3.4% on Thursday after the company announced the departure of Friis. The company will hold an investors' call on Thursday.

4. Russian pain: The Russian ruble fell 1.2% against the dollar, extending its losses for the week.

The Trump administration announced Wednesday that it will impose more sanctions on Russia following the poisoning of a former Russian agent and his daughter in the United Kingdom.

Russian stock markets also fell.

5. Global market overview: US stock futures were flat.

European markets opened mostly lower. Stocks in Asia posted gains.

The Dow Jones industrial average closed 0.2% down on Wednesday, while the S&P 500 was flat. The Nasdaq added 0.1%.

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6. Earnings and economics: Canada Goose, Coca-Cola European Partners, Gannett, Party City, Tribune Media and Viacom will release earnings before the open.

Funko, Lions Gate Entertainment, News Corp., Tronc and Planet Fitness will release earnings after the close.

The US Bureau of Labor Statistics will release its July inflation report at 8:30 a.m. ET.

Markets Now newsletter: Get a global markets snapshot in your inbox every afternoon. Sign up now!

7. Coming this week:
Thursday — Viacom and Tronc earnings, PPI report, Samsung holds its "Unpacked" event
Friday — CPI report

Indiana Coronavirus Cases

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Confirmed Cases: 36096

Reported Deaths: 2231
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Marion10095598
Lake3833203
Allen175371
Cass15927
Elkhart149528
St. Joseph133736
Hendricks119276
Hamilton118394
Johnson1121112
Madison59961
Porter55830
Clark53041
Bartholomew52739
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Jackson3992
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Delaware38940
Hancock35127
Boone32435
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Morgan28426
Noble26821
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Clinton2461
White2389
Decatur23131
Grant22523
Dubois2093
Harrison19522
Henry18412
Kosciusko1792
Vigo1788
Marshall1782
Greene17225
Dearborn17022
Monroe17012
Lawrence16724
Warrick16729
Miami1441
Putnam1427
Jennings1324
Orange13122
Scott1263
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LaGrange1162
Ripley1086
Daviess9916
Carroll943
Steuben882
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Jasper731
Jay540
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Pulaski500
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Whitley453
DeKalb441
Starke393
Perry390
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Sullivan371
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Brown331
Benton320
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Crawford240
Fountain222
Switzerland210
Spencer211
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Gibson192
Parke180
Posey160
Martin130
Ohio130
Warren121
Vermillion100
Union90
Pike60
Unassigned0179

Ohio Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 37282

Reported Deaths: 2340
CountyConfirmedDeaths
Franklin6216293
Cuyahoga4732259
Hamilton2767167
Marion268631
Lucas2313263
Pickaway209638
Summit1505181
Mahoning1466191
Butler94832
Columbiana89152
Stark782101
Lorain72260
Montgomery72016
Trumbull59451
Belmont44715
Warren39821
Medina37625
Tuscarawas3674
Miami36630
Delaware35514
Ashtabula34738
Portage33357
Lake32012
Fairfield3148
Clark3137
Wood30449
Geauga30034
Wayne29351
Licking26710
Mercer2238
Allen21933
Clermont2185
Richland2164
Darke18923
Erie18516
Madison1637
Washington11819
Crawford1184
Morrow1081
Greene1055
Ottawa10417
Putnam9514
Sandusky8512
Monroe8015
Auglaize773
Ross732
Hardin710
Hocking705
Jefferson672
Huron611
Williams561
Union551
Muskingum541
Holmes543
Hancock531
Wyandot482
Shelby463
Fulton450
Coshocton450
Clinton451
Logan430
Fayette410
Preble391
Guernsey382
Defiance342
Carroll343
Lawrence311
Brown301
Champaign281
Seneca262
Highland261
Knox251
Vinton212
Ashland210
Perry191
Athens181
Henry170
Scioto170
Jackson140
Paulding140
Adams111
Harrison100
Pike90
Gallia81
Van Wert70
Meigs60
Noble60
Morgan50
Unassigned00
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