Trade war fears; Facebook trouble; Stocks up

1. Trade war fears: A measure of calm has returned to global markets. But for how long?...

Posted: Apr 5, 2018 1:27 PM
Updated: Apr 5, 2018 1:27 PM

1. Trade war fears: A measure of calm has returned to global markets. But for how long?

US stock futures were higher on Thursday, and most global markets posted gains in excess of 1%.

The positive mood follows days of volatile trading driven by a quick-fire exchange of threats between the United States and China. Investors fear a full-blown trade war could erupt.

Experts say the latest threat from China -- a plan for tariffs on $50 billion worth of US exports -- could be an effort to push the United States into negotiating a deal to defuse the trade spat.

The Dow Jones industrial average closed 1% higher on Wednesday, reversing huge losses from earlier in the trading session. The S&P 500 added 1.2% and the Nasdaq gained 1.5%.

2. Facebook's data problem: Facebook has revealed that Cambridge Analytica, a data firm with ties to President Donald Trump's campaign, may have had information on about 87 million of its users.

Previous reporting had put the number of people whose information may have been shared at around 50 million. Cambridge Analytica disputes the figure.

Australia launched a formal investigation into Facebook on Thursday after the company revealed information about hundreds of thousands of Australians was potentially exposed.

The data scandal has raised questions about the social media company's business model, and the leadership of CEO Mark Zuckerberg.

3. Global market overview: European stocks opened firmly higher on Thursday. Benchmark indexes in London, Paris and Frankfurt all gained more than 1.5%.

Japan's Nikkei added 1.5% and Korea's Kospi increased 1.2%. Markets in China are closed on Thursday and Friday.

Oil gained 0.3% to trade at $63.50 per barrel after a report showed a decline in US crude stocks.

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4. Earnings and economics: Monsanto will release earnings before the open. WD-40 is up after the close.

The US Census Bureau will release trade balance data for February at 8:30 a.m. ET.

The Department of Labor is set to publish jobless claims statistics at the same time. The US jobs report for March will be released on Friday.

New data show car sales in the United Kingdom slumped 16% over the previous year in March. Diesel sales slumped 37%.

The Reserve Bank of India will issue a rate decision on Thursday.

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5. Coming this week:
Thursday - February trade deficit report
Friday - Jobs report

Minnesota Coronavirus Cases

Data is updated nightly.

Cases: 581335

Reported Deaths: 7267
CountyCasesDeaths
Hennepin1206301710
Ramsey50221865
Dakota44921441
Anoka40688432
Washington26275278
Stearns21864220
St. Louis17475302
Scott16941123
Wright15685135
Olmsted1308297
Sherburne1136784
Carver1029545
Clay806892
Rice7920104
Blue Earth736041
Crow Wing650687
Kandiyohi646681
Chisago579751
Otter Tail565877
Benton558897
Goodhue469972
Mower459432
Douglas458774
Winona447350
McLeod416558
Itasca416253
Morrison412660
Isanti407062
Nobles406348
Beltrami386258
Steele379115
Polk378567
Becker374049
Lyon356850
Carlton340152
Freeborn338929
Pine323321
Nicollet320243
Brown302740
Mille Lacs297252
Le Sueur284722
Todd277131
Cass264828
Meeker249638
Waseca234821
Martin227131
Roseau204519
Wabasha20293
Hubbard182941
Dodge18073
Renville177543
Redwood170636
Houston166915
Cottonwood161921
Fillmore153710
Pennington153219
Wadena152121
Chippewa151238
Faribault149419
Kanabec141824
Sibley140610
Aitkin132836
Watonwan12979
Rock126819
Jackson120911
Pipestone113626
Yellow Medicine113420
Pope10766
Murray10529
Swift103818
Stevens88011
Marshall87417
Clearwater85416
Koochiching80914
Lake80519
Wilkin79612
Lac qui Parle74822
Big Stone5924
Lincoln5723
Grant5638
Mahnomen5408
Norman5369
Unassigned51793
Kittson48222
Red Lake3947
Traverse3675
Lake of the Woods3173
Cook1550

Iowa Coronavirus Cases

Data is updated nightly.

Cases: 364143

Reported Deaths: 5900
CountyCasesDeaths
Polk57127619
Linn20675333
Scott19714239
Black Hawk15734307
Woodbury15078228
Johnson1438283
Dubuque13308207
Dallas1108797
Pottawattamie11021166
Story1052948
Warren571488
Clinton550792
Cerro Gordo534689
Sioux511674
Webster510892
Marshall480775
Muscatine472999
Des Moines450366
Wapello4278122
Buena Vista423940
Jasper412770
Plymouth399979
Lee371955
Marion360075
Jones296457
Henry290237
Carroll284352
Bremer282360
Crawford264140
Boone262334
Benton254955
Washington252250
Dickinson247343
Mahaska228850
Jackson220642
Clay214625
Kossuth214564
Tama208871
Delaware208040
Winneshiek196333
Page191921
Buchanan190331
Cedar188623
Hardin184443
Fayette184341
Wright183136
Harrison179073
Hamilton178949
Clayton168456
Butler163734
Mills161321
Madison159719
Floyd159442
Cherokee158338
Lyon157541
Poweshiek154533
Allamakee150251
Iowa147924
Hancock146534
Winnebago140631
Cass137654
Grundy136032
Calhoun135313
Emmet133040
Jefferson132135
Shelby130337
Sac129819
Appanoose127847
Louisa127849
Union127332
Mitchell125642
Chickasaw123515
Guthrie120629
Humboldt118726
Franklin116221
Palo Alto112123
Howard104122
Montgomery102437
Unassigned9990
Clarke99324
Keokuk95431
Monroe95028
Ida90234
Adair86032
Pocahontas85422
Monona82830
Davis81324
Osceola77716
Greene77310
Lucas76823
Worth7338
Taylor65612
Fremont6209
Decatur6059
Van Buren55618
Ringgold54424
Wayne53123
Audubon5009
Adams3374
Rochester
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