SEVERE WX : Winter Weather Advisory View Alerts
CLOSINGS: View Closings

Alabama upset, Fed decision; Oil watch

1. Upset in Alabama: The dollar took a minor hit after Doug Jones became the first Democrat in 25 ye...

Posted: Dec 13, 2017 11:22 AM
Updated: Dec 13, 2017 11:22 AM

1. Upset in Alabama: The dollar took a minor hit after Doug Jones became the first Democrat in 25 years to win a Senate seat in Alabama.

Why it matters: The result shrinks the Republican majority in the Senate to a single seat, spelling trouble for President Trump's legislative agenda.

"Significant fiscal easing just got harder and there's nothing here to help the dollar," said Kit Juckes, a strategist at Societe Generale.

The result also has major implications for 2018. Democrats are now only two seats away from a majority in the Senate, an outcome that was unthinkable at the start of the year.

2. Fed's decision day: The U.S. Federal Reserve is widely expected to raise interest rates at its final meeting of the year.

With the rate hike almost certain, investors will be looking for clues on 2018 and beyond during the final press conference by outgoing chair Janet Yellen.

The central bank has only raised interest rates five times since the 2008 financial crisis. Two have come this year -- first in March and again in June.

2. Oil watch: Investors will check OPEC's monthly report to see if producers are sticking to output cuts designed to reduce a massive oil glut.

OPEC and major producers including Russia agreed last month to extend the curbs by nine months until the end of 2018.

U.S. crude futures were almost 1% higher at $57.70 per barrel.

The Energy Information Administration will publish its weekly U.S. crude inventories report at 10:30 a.m. ET.

4. Global market overview: U.S. stock futures were flat.

European markets opened lower, while Asian markets ended mixed.

The Dow Jones industrial average and S&P 500 closed at new records on Tuesday. The Nasdaq shed 0.2%.

Before the Bell newsletter: Key market news. In your inbox. Subscribe now!

5. Companies and economics: Shares in Westfield, an Australian firm that operates 33 malls across the U.S., gained 14% in Sydney.

It was purchased Tuesday by Unibail-Rodamco, a European property investment firm based in France.

U.S. inflation data will be published at 8:30 a.m.

U.K. unemployment was 4.3% in the three months ended October, matching its lowest level since 1975.

However, there were 56,000 fewer people in work compared to the previous quarter. The number of people of working age who were classified as economically inactive also increased by 115,000.

Download CNN MoneyStream for up-to-the-minute market data and news

6. Coming this week:

Wednesday -- Fed decision and Yellen press conference; U.K. unemployment data; OPEC oil report
Thursday -- November U.S. retail sales; Bank of England rate decision; European Central Bank decision; Costco and Oracle earnings; IEA oil report; EU summit on Brexit
Friday -- EU Summit on Brexit

Minnesota Coronavirus Cases

Data is updated nightly.

Cases: 455783

Reported Deaths: 6166
CountyCasesDeaths
Hennepin945441502
Ramsey40698749
Dakota33623354
Anoka31398368
Washington20579237
Stearns18111190
St. Louis14006251
Scott1221199
Wright11811107
Olmsted1083075
Sherburne831270
Carver705639
Clay660684
Rice624774
Kandiyohi558772
Blue Earth549533
Crow Wing490678
Otter Tail464968
Chisago460438
Benton423788
Winona394948
Douglas379766
Nobles374847
Mower374429
Goodhue358163
Polk330760
McLeod328647
Beltrami316148
Morrison314645
Lyon306139
Becker289439
Itasca287843
Isanti286143
Carlton284443
Steele279510
Pine270515
Freeborn254723
Todd233730
Nicollet230538
Brown218634
Mille Lacs215745
Le Sueur214416
Cass210824
Meeker201533
Waseca193316
Wabasha17483
Martin172026
Roseau166517
Hubbard151138
Redwood141327
Houston140314
Dodge13974
Renville138540
Chippewa133232
Cottonwood129118
Fillmore12778
Wadena120818
Rock112012
Aitkin111533
Faribault110116
Sibley11017
Watonwan10698
Pennington101016
Kanabec99818
Pipestone97223
Yellow Medicine95016
Murray9137
Jackson87310
Swift84718
Pope7485
Stevens7078
Marshall70415
Clearwater68814
Lake66415
Lac qui Parle66116
Wilkin63510
Koochiching60810
Lincoln4912
Big Stone4703
Unassigned43968
Grant4388
Norman4268
Mahnomen4167
Kittson37420
Red Lake3204
Traverse2623
Lake of the Woods1981
Cook1160

Iowa Coronavirus Cases

Data is updated nightly.

Cases: 312194

Reported Deaths: 4433
CountyCasesDeaths
Polk46975465
Linn18114279
Scott15900172
Black Hawk14123243
Woodbury13145181
Johnson1231752
Dubuque11651159
Pottawattamie9182115
Dallas910872
Story883538
Cerro Gordo474372
Webster473377
Warren461539
Sioux460457
Clinton459168
Marshall432262
Buena Vista397230
Muscatine396578
Des Moines395543
Plymouth353670
Wapello351798
Jasper333359
Lee326932
Marion310853
Jones275250
Henry269131
Carroll258934
Bremer250448
Crawford235824
Washington224133
Boone223517
Benton213950
Mahaska198637
Jackson195332
Tama190959
Dickinson189229
Kossuth180944
Delaware176536
Clay173021
Wright167624
Fayette166324
Hamilton162530
Buchanan162324
Winneshiek161020
Harrison158762
Hardin157831
Cedar155819
Clayton153949
Butler152324
Page148115
Floyd141936
Cherokee140327
Mills138517
Lyon137933
Poweshiek135424
Hancock132424
Allamakee131530
Iowa128022
Madison124210
Calhoun12379
Grundy122828
Jefferson122425
Winnebago122329
Mitchell117137
Louisa116430
Cass115343
Chickasaw113812
Appanoose113040
Sac112815
Union111723
Emmet111332
Humboldt107819
Shelby106427
Guthrie104624
Franklin103618
Unassigned10210
Palo Alto92611
Montgomery89224
Keokuk86426
Howard85919
Monroe82620
Clarke8199
Pocahontas78711
Ida76430
Davis70421
Adair69720
Greene6977
Monona68418
Lucas66910
Osceola65011
Worth6224
Taylor6009
Fremont5276
Van Buren50515
Decatur4994
Ringgold45511
Audubon4258
Wayne42021
Adams3023
Rochester/St. Mary'S
Cloudy
15° wxIcon
Hi: 21° Lo: 6°
Feels Like: 3°
Mason City
Cloudy
15° wxIcon
Hi: 20° Lo: 15°
Feels Like: -1°
Albert Lea
Cloudy
12° wxIcon
Hi: 17° Lo: 12°
Feels Like: -3°
Austin
Mostly Cloudy
14° wxIcon
Hi: 19° Lo: 12°
Feels Like: 0°
Charles City
Cloudy
14° wxIcon
Hi: 21° Lo: 15°
Feels Like: -1°
Snowstorm to our south
KIMT Radar
KIMT Eye in the sky

Community Events