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MarketWatch MarketPulseAug 07, 2020
Coronavirus tally: Global cases of COVID-19 top 19 million, 715,163 deaths and U.S. death toll tops 160,000
The global tally for confirmed cases of the coronavirus that causes COVID-19 climbed above 19 million on Friday, according to data aggregated by Johns Hopkins University, and the death toll rose to 715,163. At least 11.5 million people have recovered. The U.S. case tally climbed to 4.88 million and the death toll rose above 160,000, after the U.S. added another 1,000 deaths overnight and counted another 57,000 new cases. Brazil is second to the U.S. with 2.9 million cases and 98,493 deaths. India is third measured by cases that rose above 2.0 million on Thursday, followed by Russia with 875,378 and South Africa with 538,184. Mexico has 462,690 cases and 50,517 deaths, the third highest in the world. The U.K. has 309,796 cases and 46,498 fatalities, the highest in Europe and fourth highest in the world. China, where the illness was first reported late last year, has 88,460 cases, and 4,680 fatalities.|

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



CNBC FinanceAug 07, 2020
Stocks gyrate and are flat after strong jobs data as investors await stimulus news
Stocks fell as U.S-China tensions and ongoing coronavirus stimulus negotiations dampened the market's enthusiasm over a strong jobs report.

MarketWatch MarketPulseAug 07, 2020
GW Pharma shares slide 12% after company swings to loss during pandemic
Shares of GW Pharmaceuticals PLC slumped 12% Friday, after the company swung to a loss in the second quarter, hurt by the effect of the coronavirus pandemic. The U.K. company is the only one to have U.S. Food and Drug Administration approval for a cannabis-based drug, Epidiolex, a treatment for severe forms of childhood epilepsy. The company posted a loss of $8.8 million, or 2 cents a share, for the quarter, after income of $79.7 million in the year-earlier period. Revenue rose to $121.3 million from $72.0 million. "We were pleased with the strength of U.S. Epidiolex sales in the second quarter in spite of the COVID-19 pandemic," Chief Executive Justin Gover said in a statement. Epidiolex sales came to $117.7 million. "Further, the recent approval and imminent launch of Epidiolex for the treatment of seizures associated with TSC provides a meaningful new opportunity to accelerate momentum through the second half of 2020 and beyond," he said. Leerink analyst Marc Goodman said the numbers were "solid" coming in the midst of the pandemic, and in line with management's guidance from its first-quarter conference call. "... we think GW executed through the volatility well, and thus we are surprised that the stock is down ~10% in the after market," he wrote in a Thursday note to clients. Leerink rates the stock as outperform with a $190 stock price target. Shares have gained 11% in the year to date, as the S&P 500 has gained 3.6%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Google Business NewsAug 07, 2020
Jobs Report: Economy Adds 1.8 Million Jobs In July As Coronavirus Fails To Stall Recovery; Dow Jones Futures Pare Losses - Investor's Business Daily
Jobs Report: Economy Adds 1.8 Million Jobs In July As Coronavirus Fails To Stall Recovery; Dow Jones Futures Pare Losses  Investor's Business DailyA 'golden cross' has formed in the Dow Jones Industrial Average  MarketWatchStock futures are flat in overnight trading with all eyes on July jobs report  MSN MoneyWall Street opens lower on Sino-U.S. tensions, slowing jobs growth  ReutersNew docum

MarketWatchAug 07, 2020
BookWatch: What investors should do if they think the stock market is in a bubble, according to the folks who wrote the book on bubbles
The coronavirus shutdown has resulted in a resurgence of day trading, particularly on zero-commission apps. But could the entry of large numbers of speculative day traders create a bubble in stocks?
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