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China tariffs; Zuckerberg apology; Nike earnings

1. China tariffs: President Donald Trump is expected to announce tariffs on Chinese goods coming int...

Posted: Mar 22, 2018 1:04 PM
Updated: Mar 22, 2018 1:04 PM

1. China tariffs: President Donald Trump is expected to announce tariffs on Chinese goods coming into the United States.

The new tariffs are expected to apply to about $60 billion worth of Chinese exports to the United States. That's a little more than 10% of all Chinese goods sent to the United States in 2017.

Beijing has renewed its warning that it could retaliate if Trump follows through with his plans.

"China will certainly take all necessary measures to resolutely defend its legitimate rights and interests," the Ministry of Commerce said Thursday.

Trump has already announced new tariffs on global imports of steel and aluminum. His administration is now considering which countries should be exempt from these tariffs.

2. Zuckerberg apology: Facebook CEO Mark Zuckerberg has broken his silence over Cambridge Analytica in an interview with CNN. He apologized, and pledged to fix what he called a "breach of trust" between the social network and its users.

Facebook is facing legal action from investors and users over revelations that it allowed outsiders, including the controversial political data firm Cambridge Analytica, to access its user data.

Zuckerberg also told CNN that he was happy to testify before Congress.

Shares in Facebook were about 1% lower premarket.

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3. AT&T trial in spotlight: The Department of Justice's lawsuit to block AT&T from buying Time Warner will begin in earnest on Thursday with opening statements.

It marks the first time in 40 years the Justice Department has sued to block a merger between companies in different lines of business. The case is expected to have a big sway over the future of the media landscape and implications for other large takeover deals.

The trial is expected to last between six to eight weeks. Time Warner is the parent company of CNN.

4. Global stock market overview: European markets dipped in early trading and many Asian markets ended the day with losses.

US stock futures were also lower.

The Dow Jones industrial average, S&P 500 and Nasdaq posted small losses on Wednesday.

5. Movers and shakers: Two of the biggest market movers are tech firms: Twitter and Tencent.

Shares in Twitter declined about 2% premarket after the company's chief information security officer, Michael Coates, announced he was leaving the company.

Shares in the Chinese social media giant Tencent dropped 5% in Hong Kong as investors reacted to its annual results.

6. Earnings and economics: Carnival, Accenture, ConAgra and Darden Restaurants are set to release earnings before the open. Nike will follow after the close.

The Bank of England will issue an interest rate decision and host a news conference.

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7. Coming this week:

Thursday - Nike earnings

Minnesota Coronavirus Cases

Data is updated nightly.

Cases: 612001

Reported Deaths: 7756
CountyCasesDeaths
Hennepin1269201801
Ramsey53281911
Dakota47414477
Anoka43426465
Washington27780296
Stearns22738227
St. Louis18329319
Scott17747139
Wright16603153
Olmsted13567103
Sherburne1217096
Carver1078349
Clay830492
Rice8283112
Blue Earth772444
Crow Wing691299
Kandiyohi672285
Chisago629355
Otter Tail591987
Benton587798
Goodhue487274
Douglas480381
Mower478634
Winona465452
Itasca463768
Isanti447267
McLeod435861
Morrison429262
Beltrami411563
Nobles410950
Steele401619
Polk391272
Becker389957
Lyon366154
Carlton357158
Freeborn353134
Pine338123
Nicollet335045
Mille Lacs315756
Brown309140
Le Sueur301028
Todd289233
Cass288933
Meeker267344
Waseca241723
Martin237433
Roseau212721
Wabasha20873
Hubbard198741
Dodge19133
Renville184246
Redwood178741
Houston176016
Cottonwood168224
Wadena165223
Fillmore160110
Faribault157420
Chippewa154238
Pennington154120
Kanabec148028
Sibley147410
Aitkin140037
Watonwan13629
Rock129719
Jackson123112
Pipestone117226
Yellow Medicine115620
Pope11416
Swift107718
Murray107610
Koochiching96819
Stevens92611
Clearwater89517
Marshall89017
Lake85020
Wilkin84213
Lac qui Parle76222
Big Stone6114
Grant5958
Lincoln5863
Mahnomen5669
Norman5509
Kittson49222
Unassigned48393
Red Lake4037
Traverse3835
Lake of the Woods3504
Cook1740

Iowa Coronavirus Cases

Data is updated nightly.

Cases: 376815

Reported Deaths: 6122
CountyCasesDeaths
Polk59215646
Linn21567342
Scott20530250
Black Hawk16850320
Woodbury15378230
Johnson1479586
Dubuque13627215
Dallas1150699
Pottawattamie11393177
Story1092548
Warren594392
Clinton565894
Cerro Gordo564898
Webster546397
Sioux520574
Muscatine4956106
Marshall493679
Des Moines481776
Jasper454273
Wapello4402124
Buena Vista432340
Plymouth405782
Lee396958
Marion372378
Henry301737
Jones301357
Bremer294663
Carroll287252
Boone273735
Crawford273541
Benton264255
Washington261051
Dickinson251145
Mahaska235151
Jackson225943
Kossuth222166
Clay217927
Tama213872
Delaware213343
Winneshiek201337
Buchanan197834
Page195722
Cedar194323
Hardin192544
Wright191240
Hamilton189251
Fayette188943
Harrison182873
Clayton173258
Butler169135
Madison168019
Floyd165242
Mills164724
Cherokee162238
Lyon161241
Poweshiek159836
Allamakee156452
Hancock154034
Iowa149124
Winnebago147031
Calhoun144813
Cass142155
Grundy139733
Emmet137341
Jefferson135535
Sac133320
Shelby132238
Louisa130749
Union129535
Franklin129223
Appanoose128749
Mitchell127343
Chickasaw126017
Humboldt126026
Guthrie125332
Palo Alto115224
Montgomery106938
Howard105522
Clarke102624
Monroe101533
Keokuk100432
Ida93735
Adair90132
Davis88525
Pocahontas87022
Monona86731
Greene80011
Osceola79517
Lucas78323
Worth7648
Taylor67112
Decatur6649
Fremont64910
Van Buren57318
Ringgold57124
Wayne56623
Audubon53613
Adams3504
Unassigned80
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Mason City
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Austin
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Charles City
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