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Amazon HQ2: who really wins?

With New York and Virginia declared the winners of Amazon's headquarters search, CNN's Jon Sarlin looks at how good it really is to be the "winner."

Posted: Nov 15, 2018 10:07 PM
Updated: Nov 15, 2018 10:12 PM

1. Tech rout: Tech stocks were hit hard Tuesday amid concerns about slowing demand for Apple iPhones.

Apple suppliers in Asia found themselves under pressure. Japan Display was down 9.5%, Hon Hai Precision Industry (HNHPD), known as Foxconn, dropped 3% and Taiwan Semiconductors (TSM) lost 2.5%

The slump was triggered by a 5% slide in Apple (AAPL) shares on Monday after supplier Lumentum (LITE) cut its earnings and sales forecast because of weak demand. JPMorgan also cut its target price on Apple's stock.

That caused widespread pain. Amazon (AMZN) shed 4.5% on Monday and Tesla (TSLA) fell more than 5%. Facebook (FB), Google (GOOGL), Netflix (NFLX) and Microsoft (MSFT) dropped over 2%.

The Dow closed the session down 2.3%. The S&P 500 shed 2% and the Nasdaq slumped 2.8%

2. Amazon decides: Amazon has chosen New York City and Northern Virginia to split duty as its second headquarters, according to the Wall Street Journal. The official announcement could come as early as Tuesday.

The development projects will bring the cities a huge infusion of jobs and tax revenue, but are almost certain to draw fire from critics concerned about their impact on infrastructure and property values.

3. Global market overview: US stock futures were pointing higher.

European markets opened in positive territory, while stocks in Asia were mixed.

US crude futures dropped 2% to trade at $58.70 per barrel. Crude is on track for 12 consecutive days of losses, the longest slide since oil futures trading was introduced on the NYMEX in March 1983. The historic slump knocked oil into a bear market — barely a month after it hit four-year highs.

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4. Earnings and economics: Aramark (ARMK), Home Depot (HD) and Tyson Foods (TSN) will release earnings before the opening bell. SurveyMonkey (SVMK) and Tilray (TLRY) will follow after the close.

Shares in Vodafone (VOD) jumped almost 6% after the UK telecoms firm said it would slash costs and create a virtual company to manage its towers. Vodafone also froze its dividend.

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5. Coming this week:

Tuesday — Aramark (ARMK), Home Depot (HD) and Tyson Foods (TSN) earnings
Wednesday — Blue Apron (APRN), Progressive (PGR), Cisco Systems (CSCO), Gap (GPS), and Macy's (M) earnings; Inflation numbers for October
Thursday — Nvidia (NVDA), Nordstrom (JWN), Walmart (WMT), and Manchester United (MANU) earnings; October retail sales
Friday — Williams-Sonoma (WSM) earnings

Oregon Coronavirus Cases

Data is updated nightly.

Cases: 391099

Reported Deaths: 5161
CountyCasesDeaths
Multnomah60298839
Washington41981395
Marion39886506
Clackamas32773378
Lane30113355
Jackson24880360
Deschutes23557185
Umatilla15126180
Linn14637179
Douglas13375291
Josephine10148244
Yamhill9762143
Klamath9053146
Polk8212100
Benton609738
Malheur592487
Coos5664106
Columbia430455
Jefferson420266
Lincoln362152
Union338755
Crook334056
Wasco316146
Clatsop261835
Baker219833
Tillamook216645
Hood River213737
Morrow197525
Curry191939
Harney119933
Grant108515
Lake105416
Wallowa75713
Sherman1913
Gilliam1854
Wheeler1141
Unassigned00

California Coronavirus Cases

Data is updated nightly.

Cases: 5083462

Reported Deaths: 74473
CountyCasesDeaths
Los Angeles152713227166
San Diego4069274335
Riverside3876785358
San Bernardino3745435962
Orange3343985725
Sacramento1683542443
Kern1576621804
Fresno1567952254
Santa Clara1520891925
Alameda1251761504
San Joaquin1075591834
Ventura1040031190
Contra Costa1037721046
Stanislaus915481417
Tulare860871096
San Francisco56909669
San Mateo56320629
Monterey52488626
Solano47671357
Santa Barbara47293549
Merced45053667
Sonoma43168412
Placer42141470
Imperial38477773
Kings35206363
San Luis Obispo31476359
Madera26194311
Shasta26081451
Butte25455314
Santa Cruz22248224
Yolo21558257
Marin18465249
El Dorado18301166
Sutter14571186
Napa13420104
Yuba1076089
Tehama10275130
Humboldt10158119
Nevada10019105
Mendocino857197
Lassen796756
San Benito781578
Tuolumne773090
Lake7043110
Amador577366
Siskiyou474755
Glenn457436
Calaveras441588
Del Norte375542
Colusa325220
Inyo256646
Plumas19367
Mono18784
Mariposa160018
Trinity99717
Modoc7655
Unassigned3220
Sierra2180
Alpine1080
Out of CA00
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