SEVERE WX: Winter Weather Advisory View Alerts

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.

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

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.

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

6. Coming this week:

Friday Foot Locker earnings

Article Comments

Terre Haute
Overcast
36° wxIcon
Hi: 38° Lo: 34°
Feels Like: 36°
Robinson
Overcast
37° wxIcon
Hi: 38° Lo: 35°
Feels Like: 33°
Indianapolis
Overcast
36° wxIcon
Hi: 35° Lo: 31°
Feels Like: 36°
Rockville
Overcast
36° wxIcon
Hi: 35° Lo: 31°
Feels Like: 36°
Casey
Overcast
34° wxIcon
Hi: 36° Lo: 32°
Feels Like: 28°
Brazil
Overcast
36° wxIcon
Hi: 37° Lo: 33°
Feels Like: 36°
Marshall
Overcast
36° wxIcon
Hi: 37° Lo: 33°
Feels Like: 36°
Dry today, rain developing tonight; winter weather ahead
WTHI Planner
WTHI Temps
WTHI Radar

Latest Video

Image

Youth Leadership Summit, Booker T. Washington Community Center

Image

Friday Afternoon Weather

Image

A local family warns other parents of a respiratory virus that hospitalized their one month old daug

Image

All You Need to Know for Friday

Image

Mostly cloudy with a light east breeze. High: 38°

Image

The latest on a standoff at 24th and Beech in Terre Haute

Image

Vincennes Rivet

Image

Vincennes Lincoln

Image

North Daviess

Image

Two more people exit home near 24th and Beech

WTHI Events