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: 306538

Reported Deaths: 5435
CountyCasesDeaths
Marion41953849
Lake26872453
Allen17621295
Elkhart16905219
St. Joseph16524223
Hamilton12696167
Vanderburgh9552115
Tippecanoe844927
Porter813785
Johnson6231165
Vigo597979
Hendricks5944156
Monroe530349
Clark504077
Madison4858121
Delaware4820103
LaPorte457194
Kosciusko455739
Howard334975
Warrick319572
Floyd311477
Bartholomew308462
Wayne301367
Cass295831
Marshall293744
Grant262949
Noble249846
Hancock246551
Boone240254
Henry240237
Dubois234631
Dearborn215730
Jackson212633
Morgan204443
Gibson181725
Knox181419
Shelby178254
Clinton177821
Lawrence174047
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Wells120428
White120321
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Jefferson116216
Scott103219
Greene101353
Jay96413
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Fulton83518
Jennings83214
Spencer8198
Perry81521
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Washington7417
Franklin68626
Carroll67913
Orange66628
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Owen5987
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Newton55312
Tipton55226
Rush5317
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Pike50318
Pulaski37710
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Union2671
Switzerland2555
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Ohio2307
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Ohio Coronavirus Cases

Data is updated nightly.

Cases: 371840

Reported Deaths: 6100
CountyCasesDeaths
Franklin50231667
Cuyahoga36047741
Hamilton29931372
Montgomery20065228
Butler14769146
Lucas14317414
Summit13388316
Stark8792197
Warren819175
Mahoning7276299
Lake682666
Lorain643499
Clermont577248
Delaware556436
Licking549276
Fairfield538464
Trumbull5305147
Greene522364
Clark511464
Allen465485
Marion465251
Wood4491107
Medina447756
Miami425867
Pickaway399348
Columbiana347297
Portage344872
Tuscarawas328658
Wayne318793
Richland316638
Mercer289945
Hancock241337
Ross240759
Muskingum240210
Auglaize231031
Putnam224749
Erie224266
Darke223559
Ashtabula223253
Geauga203351
Scioto195915
Union19118
Shelby190615
Lawrence189438
Athens18864
Seneca180018
Belmont164929
Madison158918
Sandusky154229
Preble152621
Huron152318
Defiance139522
Holmes139139
Logan127816
Knox126318
Fulton124525
Washington121927
Crawford121516
Ottawa121130
Clinton106714
Williams10579
Ashland105222
Highland101317
Jefferson10124
Henry100023
Brown9925
Champaign9475
Jackson93112
Hardin91019
Fayette90317
Van Wert8976
Morrow8882
Guernsey83914
Coshocton82613
Perry78712
Adams78313
Pike7451
Gallia73513
Wyandot71216
Paulding64611
Hocking62616
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Carroll45710
Meigs39012
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Morgan2575
Vinton2195
Harrison2023
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