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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: 447349

Reported Deaths: 6007
CountyCasesDeaths
Hennepin929301478
Ramsey39917738
Dakota32945340
Anoka30935364
Washington20116227
Stearns17847187
St. Louis13658241
Scott1193296
Wright11598104
Olmsted1045075
Sherburne820665
Carver693436
Clay651680
Rice605268
Kandiyohi553671
Blue Earth539933
Crow Wing482574
Otter Tail456367
Chisago452032
Benton419586
Winona388046
Douglas373966
Nobles369646
Mower364729
Goodhue346858
Polk328256
McLeod324745
Morrison311544
Beltrami309947
Lyon301136
Becker284639
Itasca284543
Isanti282441
Carlton279443
Steele27279
Pine266613
Freeborn244621
Todd231730
Nicollet224036
Brown214734
Mille Lacs214046
Le Sueur209415
Cass207623
Meeker199433
Waseca188916
Wabasha17023
Martin169926
Roseau165416
Hubbard149238
Redwood139627
Renville137239
Houston135613
Dodge13434
Chippewa131032
Cottonwood127018
Fillmore12315
Wadena119916
Rock110112
Sibley10847
Aitkin108033
Watonwan10638
Faribault105716
Pennington99215
Kanabec97418
Pipestone94023
Yellow Medicine93714
Murray8815
Jackson85310
Swift83418
Pope7385
Marshall70315
Stevens7018
Clearwater68514
Lac qui Parle65716
Lake63615
Wilkin6249
Koochiching59510
Lincoln4831
Big Stone4563
Unassigned44168
Grant4298
Norman4238
Mahnomen4107
Kittson37219
Red Lake3164
Traverse2503
Lake of the Woods1931
Cook1140

Iowa Coronavirus Cases

Data is updated nightly.

Cases: 304391

Reported Deaths: 4270
CountyCasesDeaths
Polk45574448
Linn17742274
Scott15414163
Black Hawk13696236
Woodbury12968175
Johnson1207549
Dubuque11348150
Pottawattamie8959112
Dallas885171
Story865434
Webster468271
Cerro Gordo464768
Sioux454456
Clinton449461
Warren440738
Marshall426561
Buena Vista392329
Muscatine388477
Des Moines381041
Plymouth349768
Wapello342398
Jasper321258
Lee315830
Marion303852
Jones270649
Henry263830
Carroll253934
Bremer242648
Crawford229422
Boone217017
Washington216831
Benton209244
Mahaska191836
Jackson191431
Tama186657
Dickinson185026
Delaware173036
Kossuth172143
Clay167319
Wright163624
Fayette161122
Buchanan159123
Hamilton158729
Winneshiek155219
Harrison154862
Hardin154429
Cedar152519
Clayton151348
Butler147324
Page144215
Floyd138836
Cherokee138427
Mills136216
Lyon134832
Poweshiek132424
Hancock129824
Allamakee127627
Iowa124322
Calhoun12209
Grundy120526
Jefferson120124
Madison11999
Winnebago118729
Mitchell116134
Louisa114730
Cass112841
Chickasaw110912
Sac110915
Emmet110431
Appanoose110138
Union108222
Humboldt105319
Guthrie102924
Shelby102126
Franklin101718
Unassigned9230
Palo Alto9049
Keokuk84926
Montgomery84822
Howard83119
Monroe80918
Clarke7927
Pocahontas77611
Ida74130
Davis69121
Greene6917
Adair68720
Lucas6488
Monona64016
Osceola6389
Worth6063
Taylor5919
Fremont5086
Van Buren49612
Decatur4824
Ringgold4289
Audubon4158
Wayne41421
Adams2953
Rochester/St. Mary'S
Mostly Cloudy
15° wxIcon
Hi: 23° Lo: 15°
Feels Like: -2°
Mason City
Cloudy
15° wxIcon
Hi: 32° Lo: 15°
Feels Like: -3°
Albert Lea
Cloudy
12° wxIcon
Hi: 29° Lo: 12°
Feels Like: 1°
Austin
Cloudy
16° wxIcon
Hi: 28° Lo: 15°
Feels Like: 1°
Charles City
Cloudy
18° wxIcon
Hi: 33° Lo: 15°
Feels Like: 1°
Get ready for a midweek warm-up!
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