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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: 318763

Reported Deaths: 3652
CountyCasesDeaths
Hennepin673361116
Ramsey28256505
Anoka22583228
Dakota22414190
Washington14207116
Stearns13976117
St. Louis8991112
Scott859755
Wright795543
Olmsted681134
Sherburne601541
Clay508957
Carver486215
Kandiyohi420522
Rice419237
Blue Earth418016
Crow Wing364034
Otter Tail321723
Chisago315612
Nobles309930
Benton305751
Winona284830
Douglas266837
Mower265823
Polk261224
Morrison233829
Lyon223011
Beltrami219218
McLeod217914
Becker209416
Goodhue208428
Steele19917
Isanti194217
Itasca193923
Carlton191316
Todd182514
Nicollet164026
Mille Lacs157031
Freeborn15546
Le Sueur148811
Cass146010
Brown145715
Waseca139811
Pine13958
Meeker13289
Roseau12194
Martin117420
Hubbard115725
Wabasha10781
Redwood97919
Chippewa9147
Cottonwood8964
Renville89529
Dodge8700
Watonwan8634
Wadena8156
Sibley8004
Rock7889
Aitkin77830
Pipestone74118
Fillmore7240
Houston7134
Yellow Medicine66512
Pennington6638
Kanabec62713
Swift5998
Murray5953
Faribault5732
Pope5531
Clearwater5268
Stevens5243
Marshall5059
Jackson4961
Lake4326
Koochiching3996
Wilkin3925
Lac qui Parle3863
Unassigned38559
Lincoln3651
Norman3537
Big Stone3242
Mahnomen3044
Grant2806
Kittson2298
Red Lake2163
Traverse1491
Lake of the Woods1011
Cook770

Iowa Coronavirus Cases

Data is updated nightly.

Cases: 229327

Reported Deaths: 2395
CountyCasesDeaths
Polk33896336
Linn14340166
Scott1132587
Black Hawk10968137
Woodbury10428129
Johnson964137
Dubuque927491
Story684522
Pottawattamie644070
Dallas641757
Sioux372725
Webster363936
Cerro Gordo359046
Marshall351246
Clinton333844
Buena Vista307314
Muscatine293469
Des Moines291620
Warren283214
Plymouth277142
Wapello257372
Jones233615
Jasper224344
Marion206821
Lee205017
Carroll199922
Bremer196712
Henry18417
Crawford176916
Benton171821
Tama154940
Jackson146513
Washington146215
Delaware144921
Dickinson140311
Boone138311
Mahaska127927
Wright12706
Clay11924
Buchanan118510
Hardin116510
Page11524
Hamilton11429
Clayton11238
Cedar109313
Harrison108630
Kossuth10847
Calhoun10757
Mills10647
Floyd106216
Fayette105610
Lyon10538
Butler10266
Poweshiek99713
Winneshiek98413
Iowa97612
Winnebago93124
Cherokee9014
Hancock8737
Sac8738
Grundy87111
Louisa86818
Chickasaw8664
Allamakee82811
Cass81823
Mitchell8035
Appanoose79912
Humboldt7855
Union7796
Shelby77311
Emmet76824
Guthrie76315
Franklin74321
Jefferson7252
Unassigned6950
Madison6924
Palo Alto6574
Keokuk6157
Pocahontas5644
Howard5619
Osceola5341
Greene5310
Ida50013
Clarke4904
Davis4739
Montgomery47011
Taylor4673
Monroe44712
Adair4418
Monona4402
Worth3690
Fremont3663
Van Buren3615
Lucas3296
Decatur3200
Wayne3027
Audubon3002
Ringgold2202
Adams1712
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