Tech vs. Trump; Musk tweets; Aston Martin IPO

1. Tech vs. President Trump: Shares in Google dropped nearly 1% on Tuesday after President ...

Posted: Aug 29, 2018 12:48 PM
Updated: Aug 29, 2018 12:48 PM

1. Tech vs. President Trump: Shares in Google dropped nearly 1% on Tuesday after President Donald Trump accused the search company of bias.

It's the latest indication that the tech industry is struggling to avoid being dragged into partisan fights in the United States, where the internet and social networks play a vital role in campaign politics.

Google defended itself, saying in a statement that "search is not used to set a political agenda and we don't bias our results toward any political ideology."

Later in the day, Trump accused Google of "taking advantage of a lot of people." The president, grouping Google with Facebook and Twitter, said tech companies are "treading on very, very troubled territory and they have to be careful."

Facebook may also be facing some internal discord: The New York Times reports that over 100 employees have joined an online group that aims to diversify the company's "political monoculture."

2. Musk on Twitter: Investors in Tesla are keeping a close watch on Elon Musk's Twitter account again.

The Tesla CEO used the social media network on Tuesday to revive an unfounded accusation about a caver who helped rescue 12 boys and their soccer coach in Thailand.

Musk said it was "strange" that the caver had not sued him after Musk called him a "pedo," or pedophile, in a tweet in July. Musk had apologized for the tweet.

He also denied that he cried during an interview earlier this month with The New York Times.

Musk announced over the weekend that he was abandoning plans to take the carmaker private. Some analysts have encouraged him to take a break from Twitter and bring in a more disciplined deputy to look after daily operations.

Watch CNNMoney's 'Markets Now' at 12:45 p.m. ET

3. Aston Martin IPO: James Bond's favorite carmaker is planning to go public.

Aston Martin said Wednesday that it's aiming to list shares on the London Stock Exchange later this year, marking another milestone in the revival of the British brand.

The public offering would value the carmaker at over $6 billion, according to media reports. The company plans to float at least 25% of its shares on the stock market.

The carmaker sold over 5,000 cars in 2017, its best performance in nine years. That yielded record revenue of £876 million ($1.1 billion), an increase of nearly 50% over the previous year.

Results for the first half of the year published Wednesday show that momentum has continued.

Revenue in the first half was up 8% over the previous year, while profit increased 14%. The carmaker said it's on track to deliver as many as 6,400 cars this year.

4. Global market overview: US stock futures were higher after another record-setting session Tuesday.

European markets posted small gains in early trade. Asian markets ended mixed.

The Dow Jones industrial average added 0.1% on Tuesday. The S&P 500 and the Nasdaq finished at record highs.

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5. Earnings and economics: Dick's Sporting Goods and Express will release earnings before the open. Guess? and Salesforce will follow after the close.

Jack Daniel's owner Brown-Forman also reports. The company has warned that it could be hurt by new EU tariffs on bourbon and other alcoholic beverages.

A report on US crude inventories will be released at 10:30 a.m. ET.

The US government releases its second estimate for economic growth in the second quarter at 8:30 a.m. The first reading showed a 4.1% growth rate, the best in four years.

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

6. Coming this week:

Wednesday Salesforce and Brown-Forman earnings
Thursday Abercrombie & Fitch, Campbell Soup, Lululemon and Dollar Tree earnings
Friday — Eurozone unemployment data released for July

Indiana Coronavirus Cases

Data is updated nightly.

Cases: 666516

Reported Deaths: 12726
CountyCasesDeaths
Marion912711659
Lake48687890
Allen36102644
Hamilton32445398
St. Joseph30306514
Elkhart25510420
Vanderburgh21326382
Tippecanoe20220205
Johnson16466363
Porter16068281
Hendricks15944302
Clark12060182
Madison11799323
Vigo11685234
Monroe10419164
Delaware9891179
LaPorte9831199
Howard9112201
Kosciusko8597111
Bartholomew7522147
Hancock7462134
Warrick7451153
Floyd7263173
Wayne6661192
Grant6462158
Boone616691
Morgan6129128
Dubois5936112
Dearborn551270
Cass5485100
Marshall5451105
Henry542995
Noble513178
Jackson465567
Shelby463391
Lawrence4195113
Gibson405185
Harrison403265
Clinton397553
Montgomery391684
DeKalb387478
Miami358263
Knox357885
Whitley351238
Huntington349477
Steuben340055
Putnam333960
Wabash333176
Ripley327962
Adams325449
Jasper319143
White298152
Jefferson296274
Daviess285996
Fayette272756
Decatur271688
Greene262680
Posey261432
Wells259075
Scott251850
LaGrange242470
Clay241644
Randolph226077
Spencer219430
Jennings216744
Washington213027
Sullivan203739
Fountain202842
Starke189951
Owen183654
Fulton179737
Jay178728
Carroll176919
Perry174036
Orange171451
Rush165622
Vermillion161543
Franklin159935
Tipton149541
Parke140216
Pike128533
Blackford120627
Pulaski107644
Newton96832
Brown95340
Benton92413
Crawford92213
Martin80314
Warren75914
Switzerland7558
Union67510
Ohio54211
Unassigned0427

Ohio Coronavirus Cases

Data is updated nightly.

Cases: 977736

Reported Deaths: 17501
CountyCasesDeaths
Franklin1129551251
Cuyahoga968561881
Hamilton738821067
Montgomery47506923
Summit40668831
Butler35827531
Lucas35779720
Stark29581826
Warren22574275
Lorain22190424
Mahoning19578551
Lake18545332
Clermont18519205
Delaware16597121
Licking15089194
Fairfield14644188
Trumbull14423424
Greene13659221
Medina13517237
Clark12376256
Wood11656170
Portage11127172
Allen10820216
Richland10372188
Miami10059194
Muskingum8238117
Columbiana8168210
Pickaway8094111
Tuscarawas8075232
Marion8020127
Wayne7933199
Erie6961146
Ross6173132
Geauga6114142
Hancock6030121
Scioto600488
Ashtabula5998154
Lawrence527586
Union516341
Darke5052116
Belmont4999137
Huron4859108
Jefferson4836137
Sandusky4798112
Washington474396
Seneca4734111
Athens466149
Mercer459781
Auglaize456582
Shelby442679
Knox4054105
Putnam400593
Madison395455
Fulton383161
Ashland382683
Brown374852
Defiance373788
Crawford360098
Logan357373
Preble353987
Clinton342455
Highland328451
Ottawa325371
Williams303568
Jackson291846
Champaign290949
Guernsey288845
Perry271148
Fayette269943
Morrow261437
Henry247861
Hardin247359
Holmes244497
Coshocton240756
Van Wert230157
Gallia223938
Adams218239
Pike217228
Wyandot212450
Hocking195054
Carroll182143
Paulding161034
Meigs136031
Noble129233
Monroe117237
Morgan102120
Harrison100731
Vinton76613
Unassigned00
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