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MarketWatch MarketPulseJul 10, 2020
Coronavirus tally: Global cases of COVID-19: 12.3 million, 555,324 deaths and 39 U.S. states see rising cases
The global tally for confirmed cases of the coronavirus that causes COVID-19 climbed to 12.3 million on Friday, according to data aggregated by Johns Hopkins University, with the U.S. leading the way by far with 3.12 million cases. The number of deaths grew to 555,324, while the number of people who have recovered reached 6.8 million. The U.S. death toll is 133,291. Within the U.S., infections have climbed in 39 states and regions over the past 14 days, according to a New York Times tracker, with California, Texas and Florida leading the way. Brazil is second to the U.S. with 1.76 million cases and 69,184 deaths. India is third measured by cases at 793,802, followed by Russia with 712,863 and Peru with 316,448. The U.K. has 44,687 fatalities, the highest in Europe and third highest in the world. China, where the illness was first reported late last year, has 84,992 cases and 4,641 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.



MarketWatch Breaking NewsJul 10, 2020
U.S. stock-index futures remain in the red following PPI data
U.S. stock-index futures remain in the red following PPI data

CNBC BusinessJul 10, 2020
5 things to know before the stock market opens Friday
Dow futures cut losses Friday after Gilead Sciences reported a "62% reduction in the risk of mortality" in Covid-19 patients treated with its remdesivir antiviral.

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MarketWatchJul 10, 2020
Europe Markets: European stocks attempt to gain as focus remains on global pandemic spread
European stocks were headed for a weekly loss, amid continued concerns over the spread of coronavirus in the U.S. and fresh outbreaks elsewhere in the world, though equities attempted to push higher on Friday.

MarketWatch MarketPulseJul 10, 2020
IEA slightly improves oil demand forecast for 2020, but says much hinges on Covid-19
The International Energy Agency (IEA) on Friday predicted slightly improved global oil demand for 2020, but said much hinges on the progression of the pandemic. "The recent increase in Covid-19 cases and the introduction of partial lockdowns introduces more uncertainty to the forecast," the global energy authority said in its July report. The IEA estimates that global oil demand this year will average 92.1 million barrels per day, down by 7.9 million barrels per day versus 2019, a slightly smaller decline than forecast in the last report. "This is mainly because the decline in 2Q20 was less severe than expected," it said. For 2021, demand will be 97.4 mb/d; but due to the improved outlook for 2020 the recovery next year is lower at 5.3 mb/d. Crude prices remained under pressure, with West Texas Intermediate crude down 1.7% to $38.93 a barrel and Brent crude, the international benchmark, off 1.3% to $41.77 a barrel.

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.



Forbes HeadlinesJul 10, 2020
Dow Jones Futures: Coronavirus Stock Market Rally Under Threat Due To Covid-19; US-China Tensions Escalate
Stocks such as American Airlines, United Airlines, Bank of America, JP Morgan, and Goldman Sachs have taken a severe beating this week.

MarketWatch MarketPulseJul 10, 2020
Carrier launches air filter machine for schools and other settings to keep air clear of coronavirus
Carrier is launching an air filter machine to be used in institutional settings such as school classrooms, libraries and gyms, to help keep the air clear of contaminants like the coronavirus. The heating, ventilating and air conditioning company, part of Carrier Global Corp. after it was spun off the former United Technologies Corp. in May, said the new unit, called the OptiClean 1500-cfm Dual-Mode Air Scrubber & Negative Air Machine, joins an existing OptiClean 500-cfm unit, which was launched in April for use in hospitals. The machine can be plugged into a standard wall outlet and uses a long-life HEPA filter to improve indoor air quality. Chris Nelson, head of Carrier's HVAC business, said the company is expecting the machine to help schools keep students and teachers safe as they prepare to reopen in the fall. The units are portable and take up just three square feet of floor space. Carrier shares were slightly lower premarket, but have gained 62% in the last three months, while the S&P 500 has gained 13%.

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.



Yahoo BusinessJul 10, 2020
Walgreens Reports $1.7B Quarterly Loss, Cuts 4,000 Jobs Due To Covid-19 Impact
Walgreens Boots Alliance Inc. (WBA) reported a $1.71 billion quarterly loss and announced 4,000 jobs cuts due to the impact of the coronavirus pandemic sending shares down 8%.The stock dropped to $39.01 at the close on Thursday after the drugstore chain operator announced that it will also suspend its share repurchase program and will need to take a non-cash impairment charge of $2 billion mainly as result of the COVID-19 impact on its Boots UK business. As part of a restructuring plan to cut costs, Walgreens said it will close 48 of its Boots opticians stores and lay off 4,000 employees, or 7% of its workforce.Net loss was $1.71 billion, or $1.95 per share, in the three months ended May 31, versus a profit of $1.03 billion, or $1.13 per share, in the year-earlier period. Analysts on average had expected adjusted earnings of $1.19 per share. Revenue rose 0.1% to $34.6 billion."Prior to the pandemic our financial performance for fiscal 2020 was on track with our expectations. However, this unprecedented global crisis led to a loss in the quarter as stay-at-home orders affected all of our markets," Walgreens CEO Stefano Pessina said. "Shopping patterns are evolving more rapidly than ever as consumers further embrace digital options, spurring us to accelerate our ongoing investments in digital transformation and neighborhood health destinations."Walgreens total digitally initiated sales rose 22.7% in the third quarter, compared with the same period last year. The drugstore

Yahoo BusinessJul 09, 2020
Top Analysts Say These 2 Stocks Are Their ‘Top Picks'
The surge in stocks has investors hoping that the general bullish market sentiment we've experienced since the end of March may still be with us; there was some worry in June as the markets appeared to hit a plateau. We'll see what happens in the next few weeks, as the S&P tests its 3,200 resistance levels.The best advice for stock pickers right now: stay selective. There are still compelling investing opportunities out there if you know where to look. Investors can find interesting stock choices by following some of Wall Street's top analysts. These are the analysts with the sharpest stock picking ability — and we can use their price targets as a key indication of how far these stocks can climb in the coming months.With this in mind, we've used the TipRanks database to highlight two such stocks; each has received ‘top pick' status from a 5-star analyst. Here are the details.Avid Technology (AVID)We start in the technology sector, with Avid, a Massachusetts-based multimedia tech company specializing in digital non-linear editing systems for audio and video. The company's video and audio editing software are held in high regard, as are its music notation products. The company's flagship product is Media Composer, which got its start in the Apple Mac segment. Avid has expanded since then, and in May announced a five-year working agreement with Microsoft Azure.Avid tackled the coronavirus economic crisis head-on, with a $40 million cost savings plan put in place to help mitigate the business effects of the pandemic. The company wa

Yahoo BusinessJul 09, 2020
Did Hedge Funds Make The Right Call On Bausch Health Companies Inc. (BHC) ?
At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […]

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