BREAKING NEWS President Trump to hold rally in Rochester on Friday Full Story

Earnings galore; Spotify announcement; Wells Fargo anger

1. Earnings season in full swing: There's a deluge of corporate earnings reports on Tuesday.B...

Posted: Apr 24, 2018 12:52 PM
Updated: Apr 24, 2018 12:52 PM

1. Earnings season in full swing: There's a deluge of corporate earnings reports on Tuesday.

Before the bell, investors will hear from 3M, Caterpillar, Coca-Cola, Eli Lilly, Harley-Davidson, JetBlue Airways, Lockheed Martin, Restaurant Brands International, Sherwin-Williams and Verizon.

Then Capital One, iRobot, Six Flags, Texas Instruments and Wynn Resorts will report after the close.

Two big trends to watch relate to US tariffs and taxes.

Investors are watching for what companies have to say about President Donald Trump's steel and aluminum tariffs and how they could affect their bottom lines. They could also discuss the corporate tax cut enacted late last year.

2. Spotlight on Spotify: Music-streaming service Spotify, which recently went public, is expected to make a big announcement at 9 a.m. ET.

Experts have suggested it could unveil its first hardware device; possibly a music player for the car.

3. Questions for Wells Fargo: The embattled bank is hosting its annual meeting starting at 11 a.m.

Angry shareholders and activists are expected to call on Wells Fargo to change its ways.

Critics point to a string of scandals - millions of fake accounts, unwanted auto insurance and needless mortgage fees - as proof that Wells Fargo needs to be broken up and CEO Tim Sloan should be ousted.

The meeting comes days after the bank was hit with a $1 billion fine for auto lending and mortgage abuses.

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4. Economics: French President Emmanuel Macron has landed in Washington, where he will meet with Trump and attend a state dinner on Tuesday. Trade, tariffs, and Iran are on Macron's agenda.

Europeans are counting on Macron to persuade Trump to change course on his plans for US tariffs on steel and aluminum imports from the European Union, which are set to take effect on May 1.

The US Conference Board will release its latest consumer confidence index for April at 10 a.m. The Census Bureau releases new home sales data from March at the same time.

The monthly S&P Case-Shiller home price index is out at 9 a.m.

5. Global market overview: US stock futures pointed to small gains at the open.

European markets were mixed in early trading. Most Asian markets ended with positive results, with two key indexes in China surging by about 2%.

Crude oil prices increased to trade around $69 per barrel.

Yields on 10-year US Treasuries pulled back to 2.96%. Yields have been flirting with 3%, a level that hasn't been reached in more than four years.

The Dow Jones industrial average dropped 0.1% on Monday, the S&P 500 was flat and the Nasdaq dipped 0.3%.

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6. Coming this week:
Tuesday - Caterpillar, Coca-Cola, JetBlue and Verizon earnings; US Conference Board releases monthly consumer confidence index
Wednesday - AT&T, Boeing, Chipotle, Comcast, Dr Pepper Snapple, Facebook and Twitter earnings
Thursday - Time Warner, Amazon, American Airlines, General Motors, PepsiCo, Starbucks and Southwest Air earnings
Friday - Exxon Mobil earnings; US releases Q1 GDP

Minnesota Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 137536

Reported Deaths: 2421
CountyConfirmedDeaths
Hennepin34657994
Ramsey14342362
Dakota10027138
Anoka9039151
Washington608972
Stearns599144
Scott349634
Olmsted331430
St. Louis307970
Wright260915
Clay236243
Nobles230916
Blue Earth20667
Carver18477
Kandiyohi17535
Sherburne173322
Rice167410
Mower153517
Winona127819
Chisago10832
Crow Wing106222
Lyon9966
Benton9769
Waseca9379
Beltrami9147
Otter Tail9017
Todd8656
Steele7823
Morrison77610
Itasca76317
Nicollet74718
Douglas7283
Polk7244
Freeborn6914
Le Sueur6456
Goodhue62511
Martin61518
McLeod6104
Becker5884
Watonwan5794
Isanti5715
Pine5540
Chippewa4663
Carlton4622
Mille Lacs42715
Hubbard4103
Dodge4040
Wabasha3970
Cass3905
Pipestone35917
Rock3484
Meeker3453
Brown3333
Yellow Medicine2926
Roseau2900
Murray2893
Cottonwood2860
Redwood28411
Fillmore2640
Sibley2603
Renville25812
Wadena2553
Faribault2390
Kanabec22510
Jackson2171
Houston2121
Swift2091
Pennington2071
Unassigned19353
Lincoln1890
Stevens1871
Aitkin1862
Koochiching1725
Pope1650
Lac qui Parle1443
Big Stone1431
Wilkin1404
Marshall1311
Lake1260
Norman1210
Mahnomen1172
Clearwater1140
Grant994
Red Lake812
Traverse580
Kittson490
Lake of the Woods441
Cook170

Iowa Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 117876

Reported Deaths: 1666
CountyConfirmedDeaths
Polk19173289
Woodbury728597
Johnson590630
Black Hawk5727101
Linn5692132
Dubuque529558
Scott466241
Story403918
Dallas348544
Pottawattamie326744
Sioux247017
Buena Vista226812
Marshall204436
Webster189115
Plymouth167831
Wapello154162
Clinton150227
Muscatine148758
Des Moines140910
Cerro Gordo140227
Crawford136314
Warren12737
Carroll116813
Jasper112334
Henry10745
Marion103211
Lee95910
Tama95837
Delaware80213
Dickinson7529
Wright7341
Boone7269
Mahaska70924
Bremer6879
Harrison67315
Washington66711
Jackson6463
Benton5982
Lyon5568
Clay5414
Louisa52515
Winnebago50219
Hardin4837
Winneshiek4839
Hamilton4784
Cedar4777
Kossuth4770
Buchanan4625
Poweshiek46211
Jones4544
Clayton4503
Floyd44011
Emmet43520
Iowa4189
Page4130
Guthrie40715
Cherokee4062
Mills4053
Sac4034
Cass4023
Butler3883
Fayette3844
Franklin38218
Shelby3812
Allamakee3809
Chickasaw3641
Madison3643
Clarke3573
Humboldt3383
Hancock3314
Grundy3186
Palo Alto3162
Calhoun3124
Osceola2890
Mitchell2831
Howard2749
Monroe26211
Union2524
Taylor2482
Jefferson2451
Monona2452
Appanoose2333
Pocahontas2322
Fremont2091
Lucas2066
Ida1962
Greene1880
Van Buren1812
Montgomery1807
Davis1794
Adair1771
Keokuk1641
Decatur1530
Audubon1511
Worth1460
Wayne1323
Ringgold922
Adams830
Unassigned150
Rochester
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Albert Lea
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Feels Like: 42°
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Feels Like: 43°
Tracking plenty of sunshine through the week!
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