1. China tariffs: President Donald Trump is expected to announce tariffs on Chinese goods coming into the United States. The new tariffs are expected to apply to about $60 billion worth of Chinese exports to the United States. That's a little more than 10% of all Chinese goods sent to the United States in 2017.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | -165.00 | | -76.50 | | -18.75 | | -0.67% | | -1.11% | | -0.69% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | +211.02 | | -17.47 | | -33.69 | | 21,591.99 | | 3,263.48 | | 7,005.28 | | +0.99% | | -0.53% | | -0.48% | | | |
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| | | Biggest Winners | | FLIR Systems Inc | +4.31% | | | | Mattel Inc | +3.12% | | | | CenturyLink Inc | +2.14% | | | | BorgWarner Inc | +1.43% | | | Biggest Losers | | Xcel Energy Inc | -12.06% | | | | Applied Materials Inc | -2.06% | | | | Lam Research Corp | -1.82% | | | | Micron Technology Inc | -1.74% | | | | | | | |
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| News: What you need to know about the markets | | | | | | | China tariffs; Zuckerberg apology; Nike earnings | By Alanna Petroff
Thursday, March 22nd, 6:01am | | | | 1. China tariffs: President Donald Trump is expected to announce tariffs on Chinese goods coming into the United States. | | | | The new tariffs are expected to apply to about $60 billion worth of Chinese exports to the United States. That's a little more than 10% of all Chinese goods sent to the United States in 2017. | | | | Beijing has renewed its warning that it could retaliate if Trump follows through with his plans. | | | | "China will certainly take all necessary measures to resolutely defend its legitimate rights and interests," the Ministry of Commerce said Thursday. | | | | Trump has already announced new tariffs on global imports of steel and aluminum. His administration is now considering which countries should be exempt from these tariffs. | | | | 2. Zuckerberg apology: Facebook CEO Mark Zuckerberg has broken his silence over Cambridge Analytica in an interview with CNN. He apologized, and pledged to fix what he called a "breach of trust" between the social network and its users. | | | | Facebook is facing legal action from investors and users over revelations that it allowed outsiders, including the controversial political data firm Cambridge Analytica, to access its user data. | | | | Zuckerberg also told CNN that he was happy to testify before Congress. | | | | Shares in Facebook were about 1% lower premarket. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | 3. AT&T trial in spotlight: The Department of Justice's lawsuit to block AT&T from buying Time Warner will begin in earnest on Thursday with opening statements. | | | | It marks the first time in 40 years the Justice Department has sued to block a merger between companies in different lines of business. The case is expected to have a big sway over the future of the media landscape and implications for other large takeover deals. | | | | The trial is expected to last between six to eight weeks. Time Warner is the parent company of CNN. | | | | 4. Global stock market overview: European markets dipped in early trading and many Asian markets ended the day with losses. | | | | US stock futures were also lower. | | | | The Dow Jones industrial average, S&P 500 and Nasdaq posted small losses on Wednesday. | | | | 5. Movers and shakers: Two of the biggest market movers are tech firms: Twitter and Tencent. | | | | Shares in Twitter declined about 2% premarket after the company's chief information security officer, Michael Coates, announced he was leaving the company. | | | | Shares in the Chinese social media giant Tencent dropped 5% in Hong Kong as investors reacted to its annual results. | | | | 6. Earnings and economics: Carnival, Accenture, ConAgra and Darden Restaurants are set to release earnings before the open. Nike will follow after the close. | | | | The Bank of England will issue an interest rate decision and host a news conference. | | | | Markets Now newsletter: Get a global markets snapshot in your inbox every afternoon. Sign up now! | | | | | | | |
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| Key Market Stats | Latest | Today's Change | | | Oil | $64.70 | -0.47 / -0.72% | | | Gold | $1,328.70 | +7.20 / +0.54% | | | 10-yr | 2.91% | 0.00 / 0.00% | | | Euro | $1.23 | -0.00 / -0.17% | | | |
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