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Central bankers meet; Tech summit; Samsung's new smartphone

1. Central bankers meet: Federal Reserve chairman Jerome Powell is scheduled to speak at th...

Posted: Aug 24, 2018 1:31 PM
Updated: Aug 24, 2018 1:31 PM

1. Central bankers meet: Federal Reserve chairman Jerome Powell is scheduled to speak at the Economic Policy Symposium in Jackson Hole on Friday.

The speech comes less than a week after President Donald Trump took a swipe at Powell.

In an interview with Reuters, Trump said he was "not thrilled" with the Fed chairman for raising interest rates, arguing the central bank should do more to help the US economy.

Powell was hand-picked by Trump to lead the central bank.

2. Tech summit: Representatives from top US tech companies are expected to meet on Friday in San Francisco to discuss security issues ahead of the 2018 US elections.

According to BuzzFeed, Facebook's head of cybersecurity policy, Nathaniel Gleicher, invited representatives from companies including Google and Microsoft.

A study published in the American Journal of Public Health on Thursday suggests Russia's online meddling went beyond the 2016 US presidential election and into public health, amplifying online debates about vaccines.

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3. Big day for Samsung: Samsung's Galaxy Note 9 goes on sale Friday around the world.

The Note 9 offers the same look and feel as other Note devices, but the screen is slightly bigger than its predecessor. Like other Galaxy phones, the Note 9 is water resistant, and features an infinity display and wireless charging.

4. Global market overview: US stock futures were modestly higher.

European markets posted small gains in early trade. Asian markets ended mixed.

Australia's benchmark index was little changed after Malcolm Turnbull was ousted as prime minister. Scott Morrison, one of the architects of Australia's tough immigration policy, looks set to become the country's sixth prime minister in just over a decade.

The Australian dollar strengthened 0.5%.

On the economic front, the German economy grew 0.5% in the second quarter compared to the previous three months.

Rainer Sartoris, an economist at HSBC, warned that while growth was strong, trade tensions pose a risk for the second half of the year.

5. Stock market movers: Shares in Autodesk were up 8% premarket as investors reacted to better-than-expected earnings.

Shares in Gap and Ross Stores slipped in extended trading as investors expressed disappointment with the firms' latest results.

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6. Coming this week:

Friday Foot Locker earnings

Indiana Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 34574

Reported Deaths: 2134
CountyConfirmedDeaths
Marion9853578
Lake3616190
Allen161869
Cass15877
Elkhart132228
St. Joseph127434
Hendricks116971
Hamilton115993
Johnson1105108
Madison58659
Porter53928
Bartholomew51135
Clark50441
LaPorte43323
Howard40828
Tippecanoe4023
Jackson3891
Delaware38537
Shelby37322
Hancock33827
Floyd31839
Boone31535
Morgan27724
Vanderburgh2742
Montgomery24117
White2358
Noble23221
Clinton2321
Decatur22431
Grant21122
Dubois1993
Harrison19422
Henry18211
Greene16924
Vigo1698
Dearborn16821
Monroe16612
Warrick16628
Lawrence16324
Miami1401
Putnam1377
Kosciusko1351
Jennings1304
Orange12822
Scott1203
Franklin1108
Ripley1096
Marshall1082
Carroll932
Daviess8816
Steuben832
Wayne825
LaGrange812
Wabash782
Newton7810
Fayette777
Jasper671
Washington521
Jay520
Clay511
Fulton491
Rush472
Randolph473
Pulaski460
Jefferson451
Whitley423
Starke393
DeKalb371
Sullivan361
Owen351
Brown331
Perry330
Wells320
Benton300
Huntington282
Knox280
Tipton251
Blackford252
Crawford240
Fountain212
Switzerland200
Spencer201
Parke180
Gibson172
Posey160
Adams151
Ohio130
Warren121
Martin110
Vermillion100
Union90
Pike60
Unassigned0167
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