What's moving markets today

By CNN Business
6:28 p.m. ET, March 14, 2019
8:11 a.m. ET, March 14, 2019

Tesla to reveal Model Y

From CNN Business' Jackie Wattles

  • Tesla (TSLA) is about to reveal its Model Y design, a new SUV that will be priced similar to the Model 3.
  • The car could be even more instrumental than the Model 3 for Tesla's efforts to morph into a mass market car manufacturer. SUVs are more popular than sedans among American consumers.
  • The event comes after the company announced earlier this week that prices for most models worldwide would go up by about 3%, after it decided to keep more stores open than previously planned.
8:10 a.m. ET, March 14, 2019

Boeing bounces back

From CNN Business' Rishi Iyengar

  • Boeing (BA) shares are flat in premarket trading following a turbulent few days.
  • The plane maker's stock staged a late recovery on Wednesday, ending the day 0.5% higher even after the US became the latest country to ground its 737 Max jets.
  • The stock fell as much as 3% in afternoon trading after President Trump announced the US ban on the 737 Max 8 and Max 9.
  • Despite Wednesday's recovery, Boeing's stock has fallen 10% since the crash, wiping more than $25 billion off the company's market value.
1:07 p.m. ET, March 14, 2019

Johnson & Johnson hit with $29 million fine

From CNN Business' Jordan Valinsky

  • Johnson & Johnson (JNJ) shares are down 1% in Thursday trading.
  • A California jury ordered the company to pay $29 million to a woman who said that asbestos in its talcum-powder-based products gave her cancer.
  • The company has been grappling with lawsuits alleging some of its talcum powder products caused cancer
  • J&J has previously said its baby powder is "safe and asbestos-free."
12:51 p.m. ET, March 14, 2019

Facebook's stock flails after major 14-hour outage

From CNN Business' Jordan Valinsky

  • Facebook's (FB) stock fell nearly 2% in trading following a massive outage.
  • New: The company apologized for the outage and blamed it on a "server configuration change." Read the full statement here.
  • Some users weren't able to access Facebook and other platforms owned by the company, including Instagram, Messenger and WhatsApp for at least 14 hours.
  • It's believed to be the social network's biggest-ever interruption.
  • The disruption is likely to upset advertisers that spend large amounts of money to reach potential customers on Facebook platforms.
6:57 a.m. ET, March 14, 2019

China data disappoints

From CNN Business' Rishi Iyengar

Chinese stocks fell today after more data suggested its economy got off to a rocky start this year:

  • The Shanghai Composite closed down 1.2% after official statistics showed that China's huge industrial sector had its weakest rate of growth in 17 years.