Apr 14, 2019

The week ahead in business: China GDP, Netflix earnings, 2 big tech IPOS

Photo: Artur Widak/NurPhoto via Getty Images

China will release first quarter GDP on Wednesday.

Why it matters: Though the report's accuracy is questioned, it's still closely watched. Economists expect the Chinese economy to have expanded 6.3% on an annual basis, slower than the 6.4% in the prior quarter.

On the earnings front, look for an update on Netflix's cash burn on Tuesday. Multinational conglomerate Honeywell reports on Thursday: Its earnings generally give a good indication of the health of the market as a whole.

  • It's a shortened week for many traders, as markets around the world — including the U.S., London and even Hong Kong — are closed for Good Friday.
  • Per Reuters, this week marks "the first of four consecutive shortened trading weeks," where at least one major exchange is closed for one day.

2 big tech IPOs are coming this week: Pinterest and Zoom. Thought bubble by Axios' Dan Primack:

  • Pinterest is consumer-focused and unprofitable. There's also not anything else quite like it, and you can see an actual path to profitability.
  • Zoom is enterprise-focused, profitable and likely to be valued 7 times above its last private round. It plays in a mature videoconferencing space, but seems to do it better than its legacy peers.

Apple and Tesla will be in court this week.

Go deeper

Tech can't remember what to do in a down market

Illustration: Rebecca Zisser/Axios

Wall Street's two-day-old coronavirus crash is a wakeup alarm for Silicon Valley.

The big picture: Tech has been booming for so long the industry barely remembers what a down market feels like — and most companies are ill-prepared for one.

Brace yourself for a coronavirus outbreak

Illustration: Aïda Amer/Axios

Public-health officials’ warnings about the coronavirus are sounding increasingly urgent, with one top CDC official asking the public yesterday "to prepare for the expectation that this might be bad."

Reality check: Other administration officials, including President Trump himself, were more subdued in their assessments. But underneath those tonal differences, the reality of the coronavirus is the same: It spreads quickly, and has already spread to many countries, making it likely to start spreading here, too.

Go deeperArrow44 mins ago - Health

Exclusive: Pro-Trump group plans post-Super Tuesday blitz on Democrats

Democratic presidential hopefuls take the debate stage in South Carolina. Photo: Logan Cyrus/AFP via Getty Images

Pro-Trump super PAC America First Action is preparing to unleash a series of targeted, swing-state attacks on the Democrats most likely to face President Trump after Super Tuesday, people familiar with the group's plans tell me in an exclusive preview of its strategy.

The state of play: The group has been tracking favorable/unfavorable ratings in Florida, Georgia, Michigan, North Carolina, Ohio and Pennsylvania for 2020 candidates Joe Biden, Bernie Sanders, Elizabeth Warren, Pete Buttigieg and Michael Bloomberg — under the theory that if Trump wins each of these six states he would win re-election.