Apple goes big in Austin; ECB meeting; Brexit nerves

1. Apple goes big in Austin: Apple (...

Posted: Dec 13, 2018 11:00 AM
Updated: Dec 13, 2018 11:00 AM

1. Apple goes big in Austin: Apple (APPL) said Thursday that it will invest $1 billion to build a new campus in Austin, Texas.

The tech firm also said it would establish new sites in Seattle, San Diego and Culver City. It will expand operations in Pittsburgh, New York and Boulder.

Banking, finance and investments

Bond markets

Brexit

Business figures

Business, economy and trade

Company activities and management

Company earnings

Consumer prices

Continents and regions

Economic conditions

Economic decline

Economic indicators

Economy and economic indicators

Europe

European Union

Financial markets and investing

Financial performance and reports

Financial results

Government organizations - Intl

Inflation

North America

Northern Europe

Political Figures - Intl

Recession

Securities trading

Stock indexes

Stock markets

Sundar Pichai

The Americas

Theresa May

United Kingdom

United States

Yield curve

Economic policy

Eurozone

Monetary unions

Apple Inc

Companies

Central banks

Government and public administration

Government bodies and offices

Government departments and authorities

Monetary policy

Public finance

Public finance agencies and treasuries

The expansion plans were accompanied by a commitment to invest $10 billion in US data centers over the next five years.

Apple has been criticized by President Donald Trump for manufacturing most of its products abroad. Apple said Thursday that it added 6,000 jobs to its American workforce in 2018.

2. Europe puts its bazooka away: The European Central Bank has formally announced its huge money printing program will end this month.

The bank launched its stimulus program in March 2015 to support a fragile economy that was still recovering from the financial crisis. In total, the central bank has spent around €2.6 trillion ($3 trillion) on the program.

There are growing concerns about weak economic data in Europe and a potential slowdown in growth. The central bank affirmed on Thursday that it will keep interest rates on hold at least through Summer 2019.

3. Brexit confusion: British Prime Minister Theresa May survived a leadership challenge on Wednesday. But the future of her Brexit divorce deal is far from certain.

May is back in Brussels on Thursday in an attempt to win concessions from the European Union. But she's unlikely to come back with anything that convinces a significant number of UK lawmakers to back her plan.

With no clear path forward for the prime minister, uncertainty is likely to continue for weeks. The pound rebounded from a 20-month low to trade at $1.26 on Thursday.

4. Global market overview: US stock futures were pointing higher. European markets opened mixed, while stocks in Asia gained.

The Dow closed 0.6% higher on Wednesday. The S&P 500 added 0.5% and the Nasdaq gained 1%.

Before the Bell newsletter: Key market news. In your inbox. Subscribe now!

5. Earnings and economics: Adobe Systems (ADBE) and Costco (COST) will release earnings after the close.

6. Coming this week:
Thursday — Adobe (ADBE) and Costco (COST) earnings
Friday — US retail sales for November

Minnesota Coronavirus Cases

Data is updated nightly.

Cases: 483790

Reported Deaths: 6543
CountyCasesDeaths
Hennepin1003791583
Ramsey42945800
Dakota36091387
Anoka33200384
Washington21986254
Stearns18703200
St. Louis14746262
Scott13209107
Wright12489115
Olmsted1176188
Sherburne869772
Carver765240
Clay688887
Rice667191
Blue Earth591035
Kandiyohi578474
Crow Wing518381
Chisago496844
Otter Tail481370
Benton444890
Winona416649
Mower402731
Douglas392268
Nobles386547
Goodhue384468
Polk342262
McLeod338349
Beltrami336751
Morrison323547
Lyon312444
Itasca311646
Becker309941
Isanti305354
Carlton299848
Steele299211
Pine281916
Freeborn279823
Nicollet256041
Todd246330
Brown243537
Le Sueur233920
Mille Lacs226747
Cass219124
Waseca208617
Meeker206934
Martin188228
Wabasha18613
Roseau179617
Hubbard160640
Houston157114
Dodge15154
Renville149040
Redwood146527
Fillmore13708
Chippewa135935
Cottonwood134520
Pennington131816
Wadena130220
Faribault122716
Aitkin118733
Sibley117110
Watonwan11708
Rock115614
Kanabec107319
Pipestone101424
Yellow Medicine97617
Murray9438
Jackson93310
Swift87918
Pope8025
Marshall77615
Stevens7398
Lake73518
Clearwater71914
Lac qui Parle68216
Wilkin66910
Koochiching61711
Big Stone5163
Lincoln5052
Grant4908
Norman4768
Unassigned44568
Mahnomen4417
Kittson40821
Red Lake3625
Traverse3025
Lake of the Woods2161
Cook1180

Iowa Coronavirus Cases

Data is updated nightly.

Cases: 361499

Reported Deaths: 5412
CountyCasesDeaths
Polk58007549
Linn20606312
Scott18279207
Black Hawk16223290
Woodbury14924211
Johnson1380473
Dubuque13522194
Dallas1132690
Pottawattamie10762143
Story1018945
Warren553474
Clinton542484
Cerro Gordo532781
Webster517687
Marshall495572
Sioux493469
Buena Vista472736
Des Moines457061
Muscatine450691
Wapello4314108
Jasper416266
Plymouth394277
Lee374752
Marion358469
Jones294354
Henry293037
Carroll285348
Bremer279154
Crawford273435
Boone259130
Washington253747
Benton252054
Mahaska223846
Jackson221138
Dickinson217238
Tama212965
Kossuth208154
Clay193125
Hamilton191942
Delaware188639
Winneshiek188427
Buchanan184629
Fayette184335
Page182619
Hardin180839
Wright179531
Harrison179469
Cedar177023
Clayton168053
Butler165831
Mills162820
Floyd162740
Madison154018
Poweshiek153630
Cherokee153535
Hancock146729
Lyon145941
Allamakee144946
Iowa144223
Grundy138830
Appanoose138647
Jefferson138232
Winnebago137730
Calhoun133311
Cass133351
Mitchell130640
Louisa128341
Union126331
Chickasaw124813
Sac124218
Emmet120940
Shelby120433
Franklin118419
Humboldt117225
Guthrie116228
Palo Alto104921
Montgomery103936
Howard102821
Clarke100320
Unassigned9850
Keokuk97829
Monroe93128
Adair91928
Ida90832
Pocahontas85219
Davis82523
Monona81527
Greene76910
Lucas73221
Osceola70314
Worth6947
Taylor66312
Fremont5869
Decatur5749
Van Buren56018
Ringgold51820
Wayne48721
Audubon4869
Adams3264
Rochester/St. Mary'S
Partly Cloudy
21° wxIcon
Hi: 37° Lo: 19°
Feels Like: 13°
Mason City
Clear
19° wxIcon
Hi: 35° Lo: 20°
Feels Like: 7°
Albert Lea
Partly Cloudy
18° wxIcon
Hi: 35° Lo: 18°
Feels Like: 11°
Albert Lea
Partly Cloudy
18° wxIcon
Hi: 36° Lo: 18°
Feels Like: 18°
Charles City
Partly Cloudy
19° wxIcon
Hi: 37° Lo: 19°
Feels Like: 9°
Tracking a cool start to the work week then a big warm-up!
KIMT Radar
KIMT Eye in the sky

Latest Video

Image

Grizzlies clinch playoff spot

Image

Sex trafficking bill

Image

Vigil for Rochester crash victim

Image

Sara's Sunday Night Forecast

Image

Sara's Sunday Evening Forecast

Image

Cardboard sled race

Image

Sara's Saturday Night Forecast

Image

Bleu Duck local food market

Image

Aaron's Saturday Forecast

Image

Lake City athlete inspires community, experiences unforgettable senior night

Community Events