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.

Confirmed Cases: 57779

Reported Deaths: 1670
CountyConfirmedDeaths
Hennepin18393825
Ramsey7130261
Dakota4112104
Anoka3456113
Stearns284720
Washington197843
Nobles17516
Olmsted164923
Scott143918
Mower10882
Rice10068
Blue Earth8655
Wright8275
Carver8052
Clay75840
Kandiyohi6811
Sherburne6677
St. Louis47519
Todd4212
Lyon4203
Freeborn3561
Steele3341
Nicollet32213
Benton3133
Watonwan3000
Winona25216
Crow Wing22114
Beltrami2070
Martin2045
Le Sueur2031
Chisago1841
Goodhue1838
Otter Tail1823
Cottonwood1730
Becker1481
McLeod1450
Pipestone1449
Polk1393
Douglas1360
Itasca13512
Waseca1330
Carlton1300
Pine1280
Dodge1250
Murray1221
Isanti1140
Unassigned10941
Chippewa1011
Brown852
Meeker852
Wabasha840
Faribault830
Morrison821
Sibley802
Rock750
Koochiching743
Pennington731
Jackson710
Mille Lacs693
Cass662
Fillmore610
Renville605
Lincoln540
Grant521
Swift521
Yellow Medicine500
Pope460
Roseau460
Houston400
Norman370
Redwood320
Wilkin313
Hubbard300
Kanabec301
Aitkin291
Marshall290
Mahnomen251
Wadena240
Big Stone220
Red Lake210
Lake180
Stevens160
Clearwater140
Traverse100
Lac qui Parle60
Kittson30
Cook20
Lake of the Woods10

Iowa Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 46704

Reported Deaths: 899
CountyConfirmedDeaths
Polk9874204
Woodbury367351
Black Hawk305462
Linn219887
Johnson200216
Dallas180735
Buena Vista179012
Scott163613
Dubuque159431
Marshall140725
Pottawattamie125724
Story112614
Wapello86633
Muscatine83948
Webster7637
Crawford7263
Sioux6072
Cerro Gordo58617
Tama54329
Warren5421
Jasper45825
Wright4511
Plymouth4488
Louisa37914
Dickinson3784
Clinton3383
Washington28810
Hamilton2431
Boone2342
Franklin2278
Bremer1967
Clarke1903
Emmet1852
Carroll1831
Shelby1761
Clay1741
Hardin1710
Marion1590
Allamakee1524
Poweshiek1518
Jackson1461
Benton1451
Des Moines1432
Mahaska13717
Floyd1322
Guthrie1285
Jones1262
Cedar1231
Buchanan1181
Butler1182
Hancock1172
Henry1143
Pocahontas1141
Lyon1080
Madison1072
Clayton1013
Cherokee991
Harrison990
Lee993
Delaware941
Humboldt941
Iowa941
Taylor940
Monona910
Winneshiek901
Mills850
Calhoun822
Kossuth820
Fayette810
Sac810
Palo Alto800
Mitchell780
Osceola780
Jefferson770
Page770
Grundy761
Winnebago760
Union741
Monroe707
Worth640
Lucas534
Chickasaw520
Davis511
Howard490
Cass481
Montgomery454
Appanoose433
Greene380
Fremont340
Van Buren341
Keokuk311
Ida290
Audubon281
Adair230
Decatur230
Ringgold211
Wayne191
Adams160
Unassigned40
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