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

Updated 23 mins ago - Health

World coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

India extended its nationwide lockdown — one of the longest-running in the world — on Saturday, as deaths and infections rise, per Johns Hopkins. The country also moved to allow restaurants, hotels and churches outside of hotspots to begin reopening.

By the numbers: Nearly 6 million people have tested positive for COVID-19 worldwide and over 2.5 million have recovered from the virus. Over 367,000 people have died globally. The U.S. has reported the most cases in the world with over 1.7 million.

Updated 2 hours ago - Politics & Policy

In photos: Protesters clash with police nationwide over George Floyd

Police officers grapple with protesters in Atlanta. Photo: Elijah Nouvelage/Getty Images

Police used tear gas, rubber bullets and pepper spray as the protests sparked by the killing of George Floyd spread nationwide on Friday evening and continued into Saturday.

The big picture: Police responded over the weekend in force, in cities ranging from Salt Lake City to Atlanta to Des Moines, Houston to Detroit, Milwaukee to Washington, D.C., Denver and Louisville. Large crowds gathered in Minneapolis on Saturday for the fourth day in a row.

Updated 2 hours ago - Science

Live updates: SpaceX launches NASA astronauts to space station

Photo: NASA TV

SpaceX just launched NASA astronauts Doug Hurley and Bob Behnken on an historic ride to the International Space Station.

Why it matters: The launch brings crewed launches back to the U.S. for the first time in nine years, since the end of the space shuttle program.

Follow along below for live updates...