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Facebook faces Wall Street; Shire deal; Credit Suisse soars

1. Facebook's Wall Street test: Facebook will face the investors for the first time since the Cambri...

Posted: Apr 25, 2018 12:38 PM
Updated: Apr 25, 2018 12:38 PM

1. Facebook's Wall Street test: Facebook will face the investors for the first time since the Cambridge Analytica scandal erupted.

The social media firm will report its first-quarter earnings after the closing bell. CEO Mark Zuckerberg will then answer analysts' questions on a conference call.

Analysts are concerned about how much an ongoing backlash among users, advertisers and politicians on both sides of the Atlantic could slow down a company once viewed as unstoppable.

The consensus estimate among analysts is for Facebook's sales for the first three months of 2018 to hit $11.4 billion, up more than 40% from the same period a year earlier.

2. Credit Suisse soars: Shares in Credit Suisse jumped over 4% after the Swiss bank reported stronger than expected first quarter earnings.

The bank has been trying to overhaul itself after suffering three consecutive years of annual losses and paying huge fines for its involvement in packaging and selling toxic mortgages before the global financial crisis.

The turnaround plan, now near the end of its third year, is finally paying off.

3. Shire takeover saga: Japanese pharmaceutical company Takeda has upped its bid to buy Dublin-based biotech company Shire to -46 billion ($64.3 billion).

Shire said in a statement that its board would be willing to recommend the offer to the company's shareholders, providing certain conditions are met.

Takeda shares dropped 7% in Tokyo on Wednesday. They're down about 20% since the company first revealed it was considering an approach for Shire just under a month ago.

Shire stock gained 1% in London.

4. Global market overview: US stock futures were pointing lower, suggesting the Dow's longest losing streak in a year may be extended.

Major markets in Europe and Asian were down.

The Dow plunged 1.7% on Tuesday. The S&P 500 declined 1.3% and the Nasdaq dropped 1.7%.

The 10-year Treasury yield touched 3% for the first time in four years on Tuesday.

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5. Companies and economics: It's another big day for earnings.

Anthem, Boeing, Boston Scientific, Brinks, Comcast, Dr Pepper Snapple, Goodyear Tire, NASDAQ, Sirius XM Radio, T. Rowe Price, Tupperware, Twitter, and Viacom will release their earnings before the open. AT&T, Cheesecake Factory, Chipotle Mexican Grill, eBay, Equifax, Ford Motor, Las Vegas Sands, O'Reilly Auto, PayPal, and Visa will follow after the close.

Whitbread, the UK owner of Premier Inn, has announced plans to spin off its coffee chain Costa. Whitbread claims Costa is the world's second biggest coffee chain after Starbucks.

The Energy Information Administration will publish its weekly US crude inventories report at 10:30 a.m. ET.

Oil prices have surged in recent weeks. The commodity was trading at $67.76 per barrel on Wednesday.

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6. Coming this week:
Wednesday - AT&T, Boeing, Chipotle, Comcast, Dr Pepper Snapple, Facebook and Twitter earnings
Thursday - Time Warner, American Airlines, Dunkin' Brands, General Motors, PepsiCo, Starbucks and Southwest earnings
Friday - Exxon earnings; Q1 GDP

Minnesota Coronavirus Cases

Data is updated nightly.

Cases: 480091

Reported Deaths: 6502
CountyCasesDeaths
Hennepin995591576
Ramsey42700795
Dakota35723383
Anoka32968383
Washington21824253
Stearns18677200
St. Louis14644262
Scott13104104
Wright12400114
Olmsted1167988
Sherburne864873
Carver755340
Clay682284
Rice664190
Blue Earth585535
Kandiyohi576374
Crow Wing514280
Chisago493344
Otter Tail478770
Benton441090
Winona413548
Mower399231
Douglas390168
Nobles385147
Goodhue382468
Polk340762
McLeod336149
Beltrami334449
Morrison321446
Lyon311343
Itasca308245
Becker306841
Isanti303052
Carlton298344
Steele297211
Pine280316
Freeborn275923
Nicollet251241
Todd243830
Brown240037
Le Sueur230120
Mille Lacs225447
Cass217224
Waseca206317
Meeker205534
Martin186628
Wabasha18503
Roseau177617
Hubbard159740
Houston156214
Dodge15114
Renville146840
Redwood146327
Fillmore13638
Chippewa135735
Cottonwood133420
Wadena128120
Pennington125716
Faribault121216
Aitkin117633
Sibley116110
Rock115313
Watonwan11478
Kanabec106619
Pipestone100724
Yellow Medicine97517
Murray9408
Jackson92310
Swift87118
Pope7875
Marshall76615
Stevens7378
Lake72517
Clearwater71414
Lac qui Parle67916
Wilkin66410
Koochiching61711
Big Stone5093
Lincoln5022
Grant4848
Norman4648
Mahnomen4367
Unassigned43568
Kittson40421
Red Lake3534
Traverse3015
Lake of the Woods2131
Cook1190

Iowa Coronavirus Cases

Data is updated nightly.

Cases: 358981

Reported Deaths: 5342
CountyCasesDeaths
Polk57492544
Linn20508311
Scott18171204
Black Hawk16156286
Woodbury14835211
Johnson1371072
Dubuque13438192
Dallas1120090
Pottawattamie10678140
Story1011545
Warren549170
Clinton538983
Cerro Gordo530580
Webster514686
Marshall493372
Sioux490468
Buena Vista469436
Des Moines454059
Muscatine445989
Wapello4247107
Jasper404865
Plymouth392277
Lee372051
Marion355967
Jones293254
Henry292635
Carroll284448
Bremer276154
Crawford271235
Boone257530
Washington253344
Benton249254
Mahaska222745
Jackson219638
Dickinson215938
Tama211464
Kossuth206754
Clay192725
Hamilton191041
Delaware188739
Winneshiek186626
Fayette183832
Buchanan183128
Page181319
Hardin179538
Wright179031
Harrison178369
Cedar174722
Clayton167853
Butler165431
Floyd161939
Mills161820
Poweshiek153229
Cherokee153135
Madison152817
Hancock146429
Lyon145341
Iowa143723
Allamakee143444
Appanoose138147
Grundy138030
Jefferson137232
Winnebago136830
Calhoun133010
Cass132248
Mitchell129840
Louisa127741
Union125831
Chickasaw124513
Sac123618
Emmet120840
Shelby119433
Franklin118119
Humboldt116724
Guthrie116128
Palo Alto104021
Montgomery103636
Howard102221
Clarke99020
Keokuk97329
Unassigned9270
Monroe92128
Adair91126
Ida90732
Pocahontas85119
Davis82123
Monona81325
Greene76610
Lucas72721
Osceola69714
Worth6876
Taylor66212
Fremont5819
Decatur5709
Van Buren55918
Ringgold51516
Wayne48521
Audubon4839
Adams3264
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