Amazon HQ2: who really wins?

With New York and Virginia declared the winners of Amazon's headquarters search, CNN's Jon Sarlin looks at how good it really is to be the "winner."

Posted: Nov 16, 2018 12:55 AM
Updated: Nov 16, 2018 1:12 AM

1. Tech rout: Tech stocks were hit hard Tuesday amid concerns about slowing demand for Apple iPhones.

Apple suppliers in Asia found themselves under pressure. Japan Display was down 9.5%, Hon Hai Precision Industry (HNHPD), known as Foxconn, dropped 3% and Taiwan Semiconductors (TSM) lost 2.5%

The slump was triggered by a 5% slide in Apple (AAPL) shares on Monday after supplier Lumentum (LITE) cut its earnings and sales forecast because of weak demand. JPMorgan also cut its target price on Apple's stock.

That caused widespread pain. Amazon (AMZN) shed 4.5% on Monday and Tesla (TSLA) fell more than 5%. Facebook (FB), Google (GOOGL), Netflix (NFLX) and Microsoft (MSFT) dropped over 2%.

The Dow closed the session down 2.3%. The S&P 500 shed 2% and the Nasdaq slumped 2.8%

2. Amazon decides: Amazon has chosen New York City and Northern Virginia to split duty as its second headquarters, according to the Wall Street Journal. The official announcement could come as early as Tuesday.

The development projects will bring the cities a huge infusion of jobs and tax revenue, but are almost certain to draw fire from critics concerned about their impact on infrastructure and property values.

3. Global market overview: US stock futures were pointing higher.

European markets opened in positive territory, while stocks in Asia were mixed.

US crude futures dropped 2% to trade at $58.70 per barrel. Crude is on track for 12 consecutive days of losses, the longest slide since oil futures trading was introduced on the NYMEX in March 1983. The historic slump knocked oil into a bear market — barely a month after it hit four-year highs.

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4. Earnings and economics: Aramark (ARMK), Home Depot (HD) and Tyson Foods (TSN) will release earnings before the opening bell. SurveyMonkey (SVMK) and Tilray (TLRY) will follow after the close.

Shares in Vodafone (VOD) jumped almost 6% after the UK telecoms firm said it would slash costs and create a virtual company to manage its towers. Vodafone also froze its dividend.

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5. Coming this week:

Tuesday — Aramark (ARMK), Home Depot (HD) and Tyson Foods (TSN) earnings
Wednesday — Blue Apron (APRN), Progressive (PGR), Cisco Systems (CSCO), Gap (GPS), and Macy's (M) earnings; Inflation numbers for October
Thursday — Nvidia (NVDA), Nordstrom (JWN), Walmart (WMT), and Manchester United (MANU) earnings; October retail sales
Friday — Williams-Sonoma (WSM) earnings

Indiana Coronavirus Cases

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Confirmed Cases: 114236

Reported Deaths: 3548
CountyConfirmedDeaths
Marion21067764
Lake10397321
Elkhart6477109
St. Joseph6312105
Allen6113201
Hamilton4803109
Vanderburgh353630
Hendricks2694123
Monroe253136
Tippecanoe234713
Johnson2291123
Clark218756
Porter210546
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Vigo180324
Madison161975
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Floyd135161
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Warrick123436
Kosciusko121117
Bartholomew115557
Marshall99724
Dubois96418
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Grant90334
Noble90032
Henry79326
Wayne75114
Jackson7469
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Harrison56624
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Franklin30325
Clay2995
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Carroll27313
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Washington2631
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Adams2553
Wells2513
Jefferson2473
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Spencer2283
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Tipton22122
Perry21613
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Jay1760
Newton17211
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Martin1640
Rush1544
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Pulaski1161
Blackford1143
Brown1043
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Parke972
Benton880
Ohio787
Union780
Switzerland690
Warren391
Unassigned0226

Ohio Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 147744

Reported Deaths: 4715
CountyConfirmedDeaths
Franklin26545606
Cuyahoga17327656
Hamilton12953315
Montgomery7667157
Lucas7230364
Butler5838110
Summit5237252
Marion308347
Mahoning3030281
Warren300249
Stark2817170
Pickaway264444
Lorain229586
Delaware221620
Fairfield206752
Columbiana192480
Licking189863
Trumbull1876132
Wood180472
Clark177740
Clermont167923
Lake160850
Medina145139
Greene142032
Allen140869
Miami140751
Portage111666
Mercer110118
Erie93246
Tuscarawas92820
Wayne91967
Ross86823
Richland83919
Madison80212
Darke78442
Belmont71827
Geauga71348
Hancock68610
Ashtabula65548
Athens6532
Lawrence64122
Shelby61010
Auglaize5859
Putnam57923
Sandusky55820
Huron5427
Union5152
Scioto4896
Ottawa46930
Seneca46414
Preble43015
Muskingum3922
Holmes3857
Jefferson3354
Logan3083
Henry30613
Champaign3023
Perry2939
Defiance28811
Clinton28613
Brown2842
Knox28215
Washington25823
Morrow2572
Hardin25213
Jackson2466
Fulton2411
Ashland2364
Coshocton23311
Crawford2316
Fayette2286
Highland2223
Wyandot20812
Williams2063
Gallia18913
Pike1790
Meigs17410
Guernsey1678
Hocking1619
Carroll1527
Adams1264
Van Wert1163
Monroe11018
Paulding1070
Harrison632
Morgan470
Vinton473
Noble280
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