| What to watch today: Dow to rebound, Biden's comeback and coronavirus mortality rate rises | | |  | WED, MAR 04, 2020 | | | | AS OF WED, MAR 04, 2020 • 08:36 ET | | Dow Jones Fut | | 25,917.41 | | Current: | 26,464.00 | | Change: | 584.00 | | Impl. Open: | 560.59 | | | S&P 500 Fut | | 3,003.37 | | Current: | 3,054.25 | | Change: | 57.25 | | Impl. Open: | 52.08 | | | NASDAQ 100 Fut | | 8,594.49 | | Current: | 8,739.75 | | Change: | 157.25 | | Impl. Open: | 145.26 | | | Russell 2000 Mini | | 1,486.08 | | Current: | 1,504.90 | | Change: | 25.30 | | Impl. Open: | 19.22 | | | ADP's private-sector jobs report showed better-than-expected payroll growth of 183,000 positions in February. On Friday, the government issues its latest month employment report. This afternoon, the Fed issues its region-by-region look at the economy called the Beige Book at 2 p.m. ET. (CNBC) | The World Health Organization said the mortality rate for coronavirus is 3.4% globally, higher than previous estimates of about 2%. By comparison, the 2002-2003 SARS outbreak killed nearly 1 in 10 infected people. The common flu in the U.S. has a mortality rate of 0.1%. (CNBC)
* Researchers in China find that two different types of the new coronavirus could be causing infections worldwide (CNBC)
More than 93,000 coronavirus cases have been confirmed worldwide, including 3,198 deaths, though the vast majority of infections and deaths are still in China, where the virus originated in late December. Italy will temporarily close schools, according to local media. | | | | Bed Bath & Beyond (BBBY) has tapped Walgreens Boots Alliance's (WBA) Chief Merchandising Officer Joe Hartsig to become its chief merchant, CNBC has learned, reporting to Chief Executive Mark Tritton. The hiring, expected to be announced today, is effective immediately. | | | | Nordstrom (JWN) shares were sinking in the premarket after the fashion retailer missed expectations on earnings and revenue for the fourth quarter. Nordstrom also announced that Erik Nordstrom will become its sole CEO. Pete Nordstrom will now serve as president and chief brand officer. | | | | Urban Outfitters (URBN) shares were falling after the trendy clothing retailer delivered worse-than-expected per share earnings in the fourth quarter. Margins also disappointed. Revenue matched forecasts. | | | | Hewlett Packard Enterprise (HPE) shares were under pressure after the company reported fiscal first-quarter revenue that came in below estimates. HPE's per-share earnings of 44 cents were in-line with expectations. | | | | Ambarella (AMBA) shares were rising in premarket trading after the video chip manufacturer issued a rosier first-quarter revenue forecast. Ambarella also beat estimates on fourth-quarter adjusted earnings. Q4 revenue matched expectations. | | Running brand Hoka is releasing the biggest shoe in the marketplace tomorrow. It's so big you can't even drive in it. The shoe called, Tennine, is designed to make downhill running easier and faster. Hoka, a French company created in 2009, was bought by UGG-owner Decker Outdoor (DECK) in 2013. (CNBC) | |  | | |
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