Apple results; Central bank actions; Earnings abound

1. Apple earnings: Apple is reporting results after the closing bell....

Posted: Jul 31, 2018 11:50 AM
Updated: Jul 31, 2018 11:50 AM

1. Apple earnings: Apple is reporting results after the closing bell.

Analysts expect that 42 million iPhones were sold during the fiscal third quarter, down from 52.2 million in the prior quarter. Many potential buyers appear to be waiting for new iPhones to launch in the fall.

Apple is expected to release three new iPhone models in the fall, though the precise timing of each is unclear.

2. It's raining results: Pfizer, Procter & Gamble and Ralph Lauren are among the main companies reporting results before the open.

Baidu.com and Cheesecake Factory will report after the close.

Investors have already heard from international firms including Sony, Nintendo, Honda, Samsung, BP, Lufthansa, Credit Suisse and Standard Chartered.

3. Central banks take center stage: There's plenty of central bank action to monitor this week.

The Bank of Japan opted to leave interest rates unchanged and continue its long-running stimulus program, surprising many investors who had expected the central bank to make substantial tweaks to its policies.

The Federal Reserve kicks off a two-day meeting on Tuesday. While the Fed is not expected to raise interest rates on Wednesday, investors will pay attention to the central bank's view on the economy and clues about future interest rate hikes.

The Fed has signaled that it's planning for two more rate hikes this year and three in 2019.

On top of that, the Bank of England is expected to announce an interest rate hike on Thursday.

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4. Global stock market overview: US stock futures were holding steady, but international markets were mixed.

Most European stock markets posted small gains in early trading, but many markets in Asia ended the day with losses.

July has been a good month for most stock markets. The Dow Jones industrial average has powered ahead 4.3% during the month. The S&P 500 has gained 3.1% and the Nasdaq posted a more modest increase of 1.6%.

Argentina's Merval and Brazil's Bovespa indexes have each rallied by more than 10%. Major European stock markets posted gains in July, with the benchmark Polish index notching a gain of 7.4%.

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5. Coming this week:

Tuesday - Eurozone second-quarter GDP released; Apple earnings
Wednesday - Federal Reserve announces interest rate decision; Sprint and Tesla earningsThursday - Bank of England announces interest rates decision; Yum Brands and Aetna earningsFriday - US jobs report released; Kraft Heinz and Toyota earnings

Minnesota Coronavirus Cases

Data is updated nightly.

Cases: 604509

Reported Deaths: 7638
CountyCasesDeaths
Hennepin1249671779
Ramsey52513897
Dakota46840471
Anoka42774458
Washington27428291
Stearns22557225
St. Louis18138313
Scott17551136
Wright16379149
Olmsted13399102
Sherburne1202095
Carver1067448
Clay826192
Rice8202110
Blue Earth762644
Crow Wing681795
Kandiyohi667985
Chisago619952
Otter Tail585884
Benton582998
Goodhue483874
Douglas475581
Mower470533
Winona461351
Itasca459763
Isanti440064
McLeod430661
Morrison424762
Beltrami407861
Nobles407650
Steele397816
Polk389072
Becker386755
Lyon363853
Carlton353056
Freeborn347033
Pine334923
Nicollet331245
Mille Lacs311854
Brown307840
Le Sueur297326
Cass286232
Todd285633
Meeker263443
Waseca238023
Martin235332
Roseau211221
Wabasha20793
Hubbard196641
Dodge18783
Renville182446
Redwood176539
Houston174616
Cottonwood167124
Wadena163323
Fillmore157610
Faribault154719
Chippewa154038
Pennington153820
Kanabec146828
Sibley146810
Aitkin138937
Watonwan13579
Rock128719
Jackson122712
Pipestone116726
Yellow Medicine114920
Pope11306
Murray107110
Swift106918
Koochiching95418
Stevens92411
Clearwater89016
Marshall88817
Lake83220
Wilkin83213
Lac qui Parle75622
Big Stone6044
Grant5948
Lincoln5853
Mahnomen5669
Norman5479
Kittson49022
Unassigned48193
Red Lake4017
Traverse3775
Lake of the Woods3453
Cook1720

Iowa Coronavirus Cases

Data is updated nightly.

Cases: 371101

Reported Deaths: 6053
CountyCasesDeaths
Polk58263640
Linn21221339
Scott20308248
Black Hawk16157312
Woodbury15240230
Johnson1462385
Dubuque13510211
Dallas1129199
Pottawattamie11228174
Story1071648
Warren583791
Clinton561593
Cerro Gordo554095
Sioux517574
Webster515894
Muscatine4882106
Marshall486976
Des Moines467672
Wapello4338122
Buena Vista426940
Jasper421172
Plymouth403181
Lee382356
Marion366076
Jones300957
Henry294637
Bremer288461
Carroll287152
Boone268634
Crawford268240
Benton259855
Washington257351
Dickinson249344
Mahaska232651
Jackson225242
Clay216727
Kossuth216166
Tama212071
Delaware211143
Winneshiek198735
Page194522
Buchanan194033
Cedar192423
Hardin187544
Fayette186643
Wright186040
Hamilton181951
Harrison180073
Clayton171057
Butler166335
Madison164619
Mills163824
Floyd163442
Cherokee159338
Lyon158841
Poweshiek157036
Allamakee152952
Hancock150334
Iowa149824
Winnebago144531
Cass139255
Calhoun138913
Grundy137233
Emmet135841
Jefferson133535
Shelby131837
Sac130920
Union130035
Louisa129649
Appanoose129049
Mitchell126643
Chickasaw124917
Franklin123523
Guthrie123332
Humboldt119626
Palo Alto113623
Howard105022
Montgomery103638
Clarke100924
Keokuk96732
Monroe96431
Unassigned9540
Ida91535
Adair87332
Pocahontas85822
Davis85225
Monona82931
Osceola78916
Greene78011
Lucas77923
Worth7618
Taylor66812
Fremont6269
Decatur6169
Ringgold56424
Van Buren56318
Wayne54423
Audubon53311
Adams3444
Rochester
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