Hurricane and quake; Major data breach; Euro surges

1. Natural disasters: U.S. gasoline futures jumped Friday as Florida motorists reported fuel shortages ahead of Hurricane Irma. At least 36% of gas stations in the Miami-Fort Lauderdale area were without fuel, according to crowdsourcing platform GasBuddy. Similar number were reported in the West Palm Beach and Fort Myers-Naples regions.
CNNMoney: Before The Bell
 
Where U.S. stocks are heading
Dow Futures   Nasdaq Futures   S&P Futures
-68.00   -11.50   -5.95
-0.31%   -0.19%   -0.24%
 
World Markets
Japan   China   U.K.
Nikkei 225   Shanghai Composite   FTSE 100
-121.70   -0.25   -17.85
19,274.82   3,365.24   7,379.13
-0.63%   -0.01%   -0.24%
 
Key Stats Latest Today's Change
Oil $48.89 -0.20 / -0.41%
Gold $1,356.70 +6.40 / +0.47%
10-yr 2.06% -0.05 / -2.23%
Euro $1.21 +0.00 / +0.39%
 
 
News: What you need to know about the markets
 
 
Hurricane and quake; Major data breach; Euro surges
By Ivana Kottasová
Friday, September 8th, 5:08am
 
1. Natural disasters: U.S. gasoline futures jumped Friday as Florida motorists reported fuel shortages ahead of Hurricane Irma.
 
At least 36% of gas stations in the Miami-Fort Lauderdale area were without fuel, according to crowdsourcing platform GasBuddy. Similar number were reported in the West Palm Beach and Fort Myers-Naples regions.
 
The shortages are the result of huge demand from residents and the aftermath of refinery disruptions caused by Hurricane Harvey.
 
Shares in Royal Caribbean and Carnival Cruises have declined 5% this week as Irma battered the Caribbean. Insurers have also been hit.
 
A massive 8.1-magnitude earthquake struck off the coast of southern Mexico early Friday morning, killing at least five people.
 
The quake hit in the early hours of the morning when most people would have been sleeping.
 
2. Euro hits new high: The euro surged against the dollar on Friday to its highest level in over 32 months.
 
The currency strengthened after the European Central Bank left interest rates unchanged on Thursday. ECB president Mario Draghi also signaled that the bank was likely to reveal its plans for scaling back its stimulus program in October.
 
The economic outlook for the eurozone is looking brighter, but the euro's strength has been a cause for concern.
 
3. Huge data breach: Equifax shares dropped more than 13% in extended trading after the company said a huge cybersecurity breach compromised the personal information of as many as 143 million Americans — almost half the country.
 
The compromised information includes names, social security numbers, birth dates, addresses and the numbers of some driver's licenses.
 
The breach is one of the worst in history, by its reach and by the kind of information exposed to the public.
 
4. Global market overview: U.S. stock futures were lower on Friday.
 
European markets opened down, while Asian markets ended their session mixed.
 
The Dow Jones industrial average and the Nasdaq both shed 0.1% on Thursday, while the S&P 500 closed flat.
 
Before the Bell newsletter: Key market news. In your inbox. Subscribe now!
 
5. Earnings and economics: Kroger will release its earnings before the open on Friday.
 
The grocery chain's shares plunged in June after it warned that its earnings for the full year would be lower than Wall Street expected.
 
That's because the competition is heating up. European supermarket chains Aldi and Lidi are planning to open up stores in the U.S., and Walmart, Costco and Amazon remain fierce competitors, especially since Amazon bought Whole Foods and started lowering prices.
 
The U.S. Federal Reserve plans to release its consumer credit report for July at 3:00 p.m. ET.
 
Download CNN MoneyStream for up-to-the-minute market data and news
 
 
Coming this week:
 
 
Friday -- Kroger reports earnings
 
 
 
Hi, let us know what you
think of this newsletter!
 
Tell us what you want to read more of... and less of.
Email your tips and feedback to BeforeTheBellFeedback@cnn.com
Sign up for
Quest's Profitable Moment
newsletter
  Sign up for
Reliable Sources
newsletter
CNNMoney Investing App
 
Tips, thoughts or questions are always welcome at
BeforeTheBellFeedback@cnn.com.
 
® © 2017 Cable News Network Inc.
A Time Warner Company. All Rights Reserved.
You are receiving this message because you subscribed to
CNNMoney's "Before The Bell" newsletter.

Our Mailing address is:
Cable News Network, Inc.
Attention: Privacy Policy Coordinator
One CNN Center, 13 North
Atlanta, GA 30303
 
                                                 






This email was sent to cetinkayaadem.1021@blogger.com
why did I get this?    unsubscribe from this list    update subscription preferences
Cable News Network, Inc. · Attention: Privacy Policy Coordinator · One CNN Center, 13 North · Atlanta, GA 30303 · USA