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Stock records; Bitcoin plummets; Shutdown averted

1. Dow 25,000?: The Dow has been flirting with the 25,000 point barrier for a few trading sessions n...

Posted: Dec 22, 2017 12:05 PM
Updated: Dec 22, 2017 12:05 PM

1. Dow 25,000?: The Dow has been flirting with the 25,000 point barrier for a few trading sessions now.

Will it go over the top on Friday? U.S. stock futures were pointing higher, but the index will still need to gain roughly 218 points to reach the milestone.

Regardless, investors have a lot to be thankful for. The Dow, S&P 500 and Nasdaq have all gained 20% to 30% so far in 2017, and each has hit a record high this week.

2. Global stock markets: European markets dipped in early trading. Spain's benchmark IBEX 35 led the way with a drop of roughly 1%.

Investors are nervous about the future of the Spanish region of Catalonia, where voters backed pro-independence parties during an election on Thursday.

The euro lost ground against other major currencies following the vote.

Most Asian markets ended the day with gains.

3. Bitcoin's wild ride: Bitcoin prices briefly plunged below $13,000 on Friday, capping a stunning 24 hours in which the digital currency lost as much as 25% of its value, according to data from CoinDesk.com.

Prices, which had approached $20,000 as recently as Sunday, bounced back to trade around $14,000 by mid-morning in London.

The turbulence comes on the back of a few days of bad news for bitcoin, which has still soared by more than 1,300% since the start of the year.

4. Shutdown averted: The Senate approved a short-term spending measure Thursday night to keep the government open through January 19, avoiding a government shutdown ahead of a Friday deadline.

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5. Departure lounge: Eric Schmidt is stepping aside as executive chairman of Alphabet, the parent company of Google.

Schmidt, who has been with the company for 17 years, will remain on the board and continue to serve as a technical adviser. He was previously CEO of Google.

Turning from tech to pizza, Papa John's founder John Schnatter will step down as CEO.

Schnatter will stay on with the company as its chairman. Steve Ritchie, the current chief operating officer, will take over as CEO on January 1.

The shakeup comes after a string of public relations debacles and slumping sales.

6. Takeover bet: London-based gambling firm Ladbrokes Coral Group announced it has agreed to be acquired by another British gambling firm, GVC Holdings. The deal is valued at roughly -3.2 billion ($4.3 billion).

Shares in Ladbrokes surged earlier this month when it said it was in "detailed discussions regarding the possible combination of the two businesses."

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7. Coming this week:

Friday -- Massive El Gordo lottery in Spain, University of Michigan's consumer sentiment report for December released at 10 a.m. ET.

Oregon Coronavirus Cases

Data is updated nightly.

Cases: 348766

Reported Deaths: 4161
CountyCasesDeaths
Multnomah54797689
Washington37988313
Marion36055444
Clackamas29094304
Lane26966298
Jackson22632300
Deschutes19577123
Umatilla14241144
Linn12380120
Douglas11795240
Josephine9233195
Yamhill8517110
Klamath7709110
Polk715380
Malheur551574
Benton529130
Coos489691
Columbia371343
Jefferson361450
Union313146
Lincoln310638
Wasco281540
Crook274745
Clatsop239529
Baker198028
Tillamook193328
Hood River188337
Morrow181623
Curry178122
Harney108424
Grant97612
Lake89011
Wallowa67012
Gilliam1484
Sherman1463
Wheeler991
Unassigned00

California Coronavirus Cases

Data is updated nightly.

Cases: 4812309

Reported Deaths: 70616
CountyCasesDeaths
Los Angeles147679126410
Riverside3693444990
San Diego3646344163
San Bernardino3563155566
Orange3227415518
Sacramento1576212279
Santa Clara1445181890
Kern1441461605
Fresno1441232051
Alameda1198871374
San Joaquin1018071708
Ventura1005241164
Contra Costa99234982
Stanislaus851571315
Tulare78945951
San Francisco54031645
San Mateo53828622
Monterey50696582
Solano45761334
Santa Barbara44836521
Merced41781577
Sonoma40711402
Placer38902415
Imperial35642764
Kings32369314
San Luis Obispo29653329
Madera23518281
Butte23364260
Shasta23360334
Santa Cruz20861218
Yolo20147247
Marin17581243
El Dorado16960149
Sutter13775169
Napa12808100
Yuba994282
Tehama9298104
Humboldt9102108
Nevada903990
Mendocino752786
Lassen746346
San Benito737372
Tuolumne673993
Lake6506104
Amador537264
Siskiyou442742
Glenn430330
Calaveras381780
Del Norte356141
Colusa301718
Inyo196739
Mono16445
Plumas15756
Mariposa127315
Trinity86011
Modoc6698
Unassigned1860
Sierra1760
Alpine1020
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