Elon Musk speaks; Deere earnings; Nordstrom stock surge

1. Tesla CEO speaks: Elon Musk has given an ...

Posted: Aug 17, 2018 1:26 PM
Updated: Aug 17, 2018 1:26 PM

1. Tesla CEO speaks: Elon Musk has given an emotional interview to the New York Times that addresses his controversial tweet about taking Tesla private.

"This past year has been the most difficult and painful year of my career," he told the newspaper. "It was excruciating."

Musk told The Times that no one else saw the tweet before he posted it while en route from his house to the airport. He said he doesn't regret sending it and has no plans to leave Twitter.

Asked if his notoriously heavy workload was physically affecting him, he told The Times: "It's not been great, actually. I've had friends come by who are really concerned."

The Wall Street Journal reported Thursday that the US Securities and Exchange Commission began investigating last year whether Tesla misled investors about its Model 3 car production.

Shares in Tesla were down slightly ahead of the open.

2. Market overview: US stock futures were little changed and European markets were calm in early trading.

Asian markets ended with mixed results. The Shanghai Composite dropped 1.3%, while most other major indexes closed with small gains.

The Dow Jones industrial average shot up 1.6% on Thursday, its best showing in four months. The S&P 500 added 0.8% and the Nasdaq gained 0.4%.

3. Tractors and tariffs: Deere reports earnings before the open.

The farming and construction equipment company had a disappointing second quarter because of the increased cost of materials.

It could face another rough quarter because of the Trump administration's tariffs.

Some countries have placed high tariffs on US agricultural goods in response to America's steel and aluminum taxes, and an escalating trade fight with China is particularly hurting American soy bean farmers.

That could cause farmers to delay purchases of new equipment.

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

4. US market movers -- Nordstrom, Nvidia: Shares in Nordstrom were set to surge 9% after the company released well-received earnings on Thursday after the close.

Shares in Nvidia were down 5% in extended trading as investors reacted to the firm's quarterly results.

5. International developments: Shares in Air France-KLM dropped 3% after the company said it had hired Air Canada executive Benjamin Smith as CEO. The carrier has been operating without a CEO since May.

The Turkish lira was holding steady after another public attack on the country from President Donald Trump on Twitter.

Currency traders have been selling the lira over concerns about Turkey's economy and central bank independence. Heightened tensions with the United States over Turkey's detention of an American pastor have further damaged investor confidence.

Markets Now newsletter: Get a global markets snapshot in your inbox every afternoon. Sign up now!

6. Coming this week:

Friday — Deere earnings, University of Michigan releases American consumer sentiment index for August

West Lafayette
Clear
79° wxIcon
Hi: 81° Lo: 56°
Feels Like: 80°
Kokomo
Clear
75° wxIcon
Hi: 79° Lo: 54°
Feels Like: 75°
Rensselaer
Clear
73° wxIcon
Hi: 80° Lo: 55°
Feels Like: 73°
Fowler
Clear
73° wxIcon
Hi: 79° Lo: 56°
Feels Like: 73°
Williamsport
Clear
77° wxIcon
Hi: 80° Lo: 56°
Feels Like: 79°
Crawfordsville
Clear
73° wxIcon
Hi: 79° Lo: 57°
Feels Like: 73°
Frankfort
Clear
71° wxIcon
Hi: 79° Lo: 55°
Feels Like: 71°
Delphi
Clear
77° wxIcon
Hi: 81° Lo: 54°
Feels Like: 78°
Monticello
Clear
77° wxIcon
Hi: 81° Lo: 54°
Feels Like: 78°
Logansport
Clear
73° wxIcon
Hi: 78° Lo: 52°
Feels Like: 73°
Hotter & turning much more humid for the weekend.
WLFI Radar
WLFI Temps
WLFI Planner

Indiana Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 71015

Reported Deaths: 3013
CountyConfirmedDeaths
Marion15322723
Lake7343274
Elkhart471380
Allen3725160
St. Joseph330179
Hamilton2610104
Vanderburgh184213
Hendricks1814106
Cass17669
Johnson1694118
Porter123839
Clark114846
Tippecanoe114611
Madison89565
LaPorte86930
Howard85565
Kosciusko82712
Marshall75822
Bartholomew75447
Floyd74045
Monroe70830
Delaware68052
Dubois65812
Boone65346
Noble64529
Hancock63838
Jackson5625
LaGrange55410
Warrick55330
Vigo54310
Shelby53527
Grant52029
Dearborn47928
Morgan45134
Clinton4043
Henry36919
White35110
Montgomery34621
Wayne34610
Lawrence33727
Decatur32432
Harrison30923
Putnam2778
Miami2642
Daviess25920
Scott25710
Greene24134
Franklin23413
DeKalb2234
Jasper2192
Jennings21512
Gibson2084
Steuben2043
Ripley1947
Perry17912
Fayette1777
Starke1747
Orange16624
Posey1650
Wabash1613
Fulton1592
Carroll1572
Wells1542
Jefferson1532
Whitley1476
Knox1420
Tipton1296
Huntington1213
Washington1211
Spencer1193
Newton11410
Randolph1144
Clay1045
Sullivan911
Adams892
Jay840
Owen831
Pulaski751
Brown711
Rush714
Fountain642
Benton600
Blackford592
Ohio574
Pike520
Parke501
Vermillion480
Crawford440
Switzerland440
Martin420
Union350
Warren201
Unassigned0202

COVID-19 Important links and resources

As the spread of COVID-19, or as it's more commonly known as the coronavirus continues, this page will serve as your one-stop for the resources you need to stay informed and to keep you and your family safe. CLICK HERE

Closings related to the prevention of the COVID-19 can be found on our Closings page.

Community Events