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Stocks stabilize; Earnings bonanza; Tesla loss

1. The passing storm: A measure of calm has returned to global markets after high volatility and sha...

Posted: Feb 8, 2018 12:10 PM
Updated: Feb 8, 2018 12:10 PM

1. The passing storm: A measure of calm has returned to global markets after high volatility and sharp drops at the start of the week.

U.S. stock futures were modestly higher ahead of the open.

European markets declined in early trading, with losses around 0.5%.

Most Asian markets ended with gains, but the Shanghai Composite dropped another 1.4%. The benchmark Chinese index briefly entered correction territory on Thursday.

Investors will have plenty of economic news and earnings to consider on Thursday.

One highlight: The Bank of England will announce its latest interest rate decision, along with economic forecasts that could provide new insight into Brexit.

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2. Earnings craze: T-Mobile US, Twitter, Viacom and CVS Health are among the big names to report earnings ahead of the opening bell.

Investors will also hear from Canada Goose, Goodyear Tire, Kellogg, New York Times, Nielsen, Philip Morris International, Thomson Reuters, Tyson Foods and World Wrestling.

Viacom could face questions about a possible merger with CBS. The boards of the two companies recently said they were evaluating "a potential combination."

Then AIG, Activision Blizzard, Expedia, FireEye, Lions Gate Entertainment, News Corp., NVIDIA, Skechers USA and Zillow will release earnings after the close.

3. Stocks to watch -- Tesla, Swiss Re: Electric carmaker Tesla reported quarterly results Wednesday that showed losses soared to $675 million in the final three months of 2017.

The loss was narrower than Wall Street had expected. Tesla's stock was flat in after-hours trading.

Swiss Re confirmed that SoftBank is in talks to take a minority investment in the reinsurance company. Swiss Re said discussions were at an early stage.

4. Budget deal?: U.S. Senate leaders unveiled a massive two-year budget deal on Wednesday, a major victory for both parties that could prevent a government shutdown at the end of this week and increase the federal government's spending.

But the plan still needs to pass the House, where it's already facing strong headwinds.

The key outlying issue appears to be for how long to hike the debt ceiling, which the U.S. is expected to hit next month, though the exact parameters were still being negotiated.

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

5. Coming this week:
Thursday -- Earnings from News Corp, Viacom and Twitter
Friday -- PyeongChang 2018 Winter Olympics begins; Apple's HomePod goes on sale

Minnesota Coronavirus Cases

Data is updated nightly.

Cases: 604687

Reported Deaths: 7643
CountyCasesDeaths
Hennepin1250161780
Ramsey52519898
Dakota46852471
Anoka42789458
Washington27436291
Stearns22561225
St. Louis18146313
Scott17553137
Wright16383149
Olmsted13406102
Sherburne1202795
Carver1067448
Clay826592
Rice8204110
Blue Earth762744
Crow Wing681895
Kandiyohi668185
Chisago620152
Otter Tail586284
Benton582998
Goodhue484074
Douglas475781
Mower470533
Winona461451
Itasca460163
Isanti440364
McLeod430961
Morrison424962
Beltrami407962
Nobles407750
Steele397816
Polk389072
Becker386755
Lyon363853
Carlton353056
Freeborn347133
Pine334923
Nicollet331345
Mille Lacs311854
Brown308040
Le Sueur297326
Cass286332
Todd285633
Meeker263543
Waseca238023
Martin235333
Roseau211221
Wabasha20793
Hubbard196641
Dodge18783
Renville182846
Redwood176539
Houston174616
Cottonwood167124
Wadena163423
Fillmore157610
Faribault155219
Chippewa154038
Pennington153820
Kanabec146828
Sibley146810
Aitkin138937
Watonwan13579
Rock128719
Jackson122812
Pipestone116726
Yellow Medicine115020
Pope11306
Murray107110
Swift106918
Koochiching95518
Stevens92411
Clearwater89016
Marshall88817
Lake83220
Wilkin83213
Lac qui Parle75622
Big Stone6044
Grant5948
Lincoln5853
Mahnomen5669
Norman5479
Kittson49022
Unassigned48393
Red Lake4017
Traverse3775
Lake of the Woods3453
Cook1720

Iowa Coronavirus Cases

Data is updated nightly.

Cases: 371226

Reported Deaths: 6056
CountyCasesDeaths
Polk58274641
Linn21241339
Scott20311248
Black Hawk16180312
Woodbury15241230
Johnson1462285
Dubuque13515211
Dallas1129499
Pottawattamie11233174
Story1072048
Warren583891
Clinton561593
Cerro Gordo554196
Sioux517674
Webster516094
Muscatine4884106
Marshall487176
Des Moines467672
Wapello4337122
Buena Vista427040
Jasper421172
Plymouth403181
Lee382556
Marion366176
Jones301057
Henry294537
Bremer288761
Carroll287252
Boone268534
Crawford268340
Benton260355
Washington257551
Dickinson249344
Mahaska232751
Jackson225242
Clay216727
Kossuth216166
Tama212271
Delaware211143
Winneshiek198935
Page194522
Buchanan194133
Cedar192323
Hardin187544
Fayette186943
Wright186140
Hamilton182051
Harrison179973
Clayton171157
Butler166535
Madison164519
Mills163924
Floyd163542
Cherokee159338
Lyon158941
Poweshiek157136
Allamakee152852
Hancock150334
Iowa149724
Winnebago144531
Cass139255
Calhoun138813
Grundy137433
Emmet135841
Jefferson133335
Shelby131637
Sac130920
Union130035
Louisa129849
Appanoose129049
Mitchell126743
Chickasaw124917
Franklin123523
Guthrie123332
Humboldt119626
Palo Alto113523
Howard105022
Montgomery103638
Clarke101124
Keokuk96832
Monroe96431
Unassigned9550
Ida91635
Adair87432
Pocahontas85822
Davis85325
Monona83431
Osceola78917
Greene78011
Lucas77923
Worth7628
Taylor66812
Fremont6279
Decatur6169
Ringgold56424
Van Buren56418
Wayne54423
Audubon53411
Adams3444
Rochester
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