America votes; Amazon mystery continues; Match earnings

1. Election Day: Americans go to the polls on Tuesday to vote in midterm elections, with po...

Posted: Nov 6, 2018 1:38 PM
Updated: Nov 6, 2018 1:38 PM

1. Election Day: Americans go to the polls on Tuesday to vote in midterm elections, with potential implications for President Donald Trump's tax policies and the stock market.

Some experts have blamed the recent market volatility, in part, on expectations that Democrats might take control of the House of Representatives. If that happens, they could dial back President Trump's signature tax cuts, or, at the very least, not extend the cuts for individuals that are set to expire in 2025.

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A split decision that leaves the Republican Senate majority intact would likely maintain the status quo in terms of fiscal, trade and regulatory policies. But analysts at Barclays have warned that Democrats taking control of both the House and Senate would have a "negative" impact on the stock market.

Without tax cuts and deregulation to look forward to, investor sentiment would be hurt by calls for impeachment and investigations, they argue.

Facebook (FB), meanwhile, is stepping up its efforts to rein in misinformation around the election after warnings from the FBI about potential Russian meddling. The company took down 30 Facebook accounts and 85 Instagram accounts, it said Monday.

2. Amazon HQ2 mystery: The online retail giant continues to keep everyone guessing where its high-profile second headquarters, dubbed HQ2, will be. The company has said it will decide the location by the end of this year, but beyond that not much is known and speculation continues to swirl.

It may not even be just one location. According to multiple reports on Monday Amazon plans to split HQ2 between two cities instead of picking just one winner. Amazon (AMZN) did not comment on the reports.

3. Match earnings: Online dating firm Match Group (MTCH) will report earnings after the close on Tuesday. Match and its parent company IAC, which own dating app Tinder, are currently battling the app's co-founders in court over allegations that they had two banks undervalue Tinder.

Sean Rad and eight other Tinder co-founders sued Match and IAC in a New York state court in August, demanding $2 billion in damages. IAC filed a motion to dismiss the case in October, arguing that the co-founders filed the lawsuit months too late.

The dispute centers on an analysis of Tinder done in 2017 by Wall Street banks to set a value for stock options received by Rad and other employees.

IAC (IAC) will report earnings after the close on Wednesday. Both companies have seen their stock go up more than 60% this year.

4. Global markets overview: Asian stock markets were mixed, with Japan's Nikkei and Hong Kong's Hang Seng Index both closing slightly higher while China's Shanghai Composite ended the day lower.

European markets dropped slightly at the open, while US futures edged lower ahead of the midterms.

5. Coming this week:

Tuesday — Eli Lilly and Co. (LLY), CVS Health (CVS), Wendy's (WEN), Etsy (ETSY), GoDaddy (GDDY), Zillow Group (ZG), Match Group (MTCH) earnings; US midterm elections

Wednesday — Monster Beverage (MNST), 21st Century Fox (FOXA), Sinclair Broadcast Group (SBGI), Hostess Brands (TWNK), Tribune Publishing (TPCO), News Corp. (NWSA), Groupon (GRPN), Humana (HUM), Qualcomm (QCOM), TripAdvisor (TRIP), Roku Inc. (ROKU), IAC (IAC), Wynn Resorts (WYNN) earnings; FOMC meeting

Thursday — AMC Entertainment (AMC), Activision Blizzard (ATVI), Crocs (CROX), Gannett (GCI), Walt Disney (DIS), Party City (PRTY), Discovery (DISCA), Dropbox (DBX), Hertz Global Holdings (HTZ), Yelp (YELP), FOMC meeting

Friday — E.W. Scripps Co. (SSP), McClatchy (MNI) earnings; consumer sentiment

Indiana Coronavirus Cases

Data is updated nightly.

Cases: 318894

Reported Deaths: 5561
CountyCasesDeaths
Marion43391855
Lake27599462
Allen18363299
Elkhart17474226
St. Joseph17071234
Hamilton13376169
Vanderburgh9839121
Tippecanoe880629
Porter844886
Johnson6556169
Hendricks6267158
Vigo618187
Monroe542850
Clark522877
Madison5153122
Delaware5014103
LaPorte474695
Kosciusko468540
Howard357977
Warrick329872
Floyd324978
Bartholomew323563
Wayne318074
Marshall308146
Cass302631
Grant282050
Noble261546
Hancock260355
Henry252837
Boone248754
Dubois242931
Dearborn222631
Jackson222534
Morgan215543
Knox189720
Shelby189556
Gibson189426
Clinton182121
DeKalb181632
Lawrence179748
Adams171022
Wabash168121
Miami166614
Daviess160144
Steuben150713
Fayette150034
Jasper147413
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Whitley140814
Ripley138515
Huntington130910
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Wells127930
Putnam127828
White127522
Clay126523
Randolph126121
Posey124116
Jefferson122916
Scott112320
Greene104653
Jay100713
Sullivan99216
Starke94021
Jennings88714
Fulton86419
Spencer8588
Perry83721
Fountain8078
Washington7837
Franklin71327
Carroll69613
Orange69028
Vermillion6444
Owen6317
Tipton58927
Parke5886
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Rush5658
Blackford54012
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Pulaski41115
Martin3645
Benton3553
Brown3514
Crawford3031
Union2752
Switzerland2605
Warren2542
Ohio2337
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Ohio Coronavirus Cases

Data is updated nightly.

Cases: 382743

Reported Deaths: 6274
CountyCasesDeaths
Franklin51161671
Cuyahoga37222743
Hamilton30493372
Montgomery20518236
Butler15199148
Lucas14566417
Summit13933327
Stark9193206
Warren841976
Mahoning7530300
Lake710067
Lorain6690106
Clermont593651
Delaware572537
Licking564577
Trumbull5584147
Fairfield554464
Greene538066
Clark5218101
Allen494989
Marion476759
Medina471657
Wood4598107
Miami437568
Pickaway404048
Portage358972
Columbiana357698
Tuscarawas342667
Richland328539
Wayne327394
Mercer296047
Muskingum252510
Hancock245940
Ross244559
Auglaize236435
Darke232560
Erie230268
Putnam229449
Ashtabula228354
Geauga211851
Scioto200616
Union19668
Shelby194017
Lawrence193039
Athens19134
Seneca182919
Belmont170229
Madison163119
Sandusky157729
Preble156521
Huron155519
Defiance144823
Holmes140439
Logan133517
Knox131718
Fulton128726
Jefferson128613
Crawford126817
Washington125227
Ottawa124530
Clinton109115
Williams10799
Ashland107825
Highland103718
Brown10135
Henry101323
Hardin99719
Champaign9825
Van Wert97318
Jackson96212
Fayette92717
Morrow9202
Guernsey89314
Coshocton85215
Perry82912
Adams80313
Pike7661
Gallia76513
Wyandot73217
Paulding66511
Hocking64516
Noble62224
Carroll48810
Meigs39612
Monroe32321
Morgan2685
Vinton2246
Harrison2193
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