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Netflix earnings; WPP CEO out; More Russia sanctions;

1. High hopes for Netflix: Netflix is set to report first quarter earnings after the closing bell on...

Posted: Apr 16, 2018 2:10 PM
Updated: Apr 16, 2018 2:10 PM

1. High hopes for Netflix: Netflix is set to report first quarter earnings after the closing bell on Monday, and Wall Street is expecting a blockbuster.

The company has had a stellar year so far: Its stock is up more than 60%. Analysts are expecting a 40% increase in sales and a 60% jump in profit compared to a year ago. They are forecasting Netflix to have gained 7.5 million more subscribers since the previous quarter.

2. WPP CEO out: Martin Sorrell, the founder and CEO of the world's biggest ad agency WPP, is leaving the company amid an investigation into alleged "personal misconduct."

The British CEO announced his departure in a letter to WPP employees Saturday. The company said earlier this month it had hired an independent counsel to conduct a probe into the alleged misconduct by Sorrell.

The hunt for a successor starts now. Sorrell spent three decades building the company and analysts are worried he will be hard -- if not impossible -- to replace. WPP shares fell nearly 2% in early London trade.

3. Russia sanctions: Russian stock markets opened lower on Monday amid fears of more U.S. sanctions.

The Trump administration imposed sanctions against seven Russian oligarchs with ties to President Vladimir Putin along with 12 companies they own or control earlier this month. Further sanctions on Russia could be announced as early as Monday.

US Ambassador to the UN Nikki Haley told CBS Sunday the Treasury Department will announce new sanctions against Russia on Monday. She said the sanctions will go "directly to any sort of companies that were dealing with equipment related" to Syrian President Bashar al-Assad.

A source familiar with the matter told CNN that more than a dozen Russian entities, including banks and equipment suppliers, are being looked at and at least several are expected to be sanctioned.

Shares in Rusal, the industrial conglomerate owned by sanctioned oligarch Oleg Deripaska, plunged 30% in Hong Kong on Monday. The stock has now lost 70% since the sanctions were first announced.

The Russian ruble was 0.2% lower against the dollar, and is now 15% down since the oligarchs were sanctioned.

Russia's parliament could vote Monday on retaliatory measures.

4. Global market overview: US stock futures were pointing higher early on Monday.

European and Asian markets were mixed.

US oil futures dropped 1.6% early on Monday. Brent crude, the international oil prices benchmark, was also sharply lower on Monday.

The falls followed limited strikes by the United States, the United Kingdom and France against targets at three sites in Syria on Saturday, following an alleged chemical weapons attack on civilians in the Syrian capital Damascus.

Oil prices reached the highest levels since 2014 last week, as investors worried about the conflict in the Middle East.

"Many feared the attack would probably lead to a broader confrontation ... the fall in oil prices is another sign of relief, after the geopolitical tensions last week drove Brent to its highest levels since 2014," Hussein Sayed, chief market strategist at FXTM, wrote in a note for clients.

5. Friday market recap: The Dow Jones industrial average and the Nasdaq both closed 0.5% lower on Friday, while the S&P 500 dipped 0.3%.

Before the Bell newsletter: Key market news. In your inbox. Subscribe now!

6. Earnings and economics: The Census Bureau will release March retail sales statistics at 8:30 a.m. ET.

Bank of America is set to publish its latest results before the opening bell on Monday. Investors are hoping the bank will follow the trend set by rivals JPMorgan Chase, Citigroup and Wells Fargo -- all three reported earnings topping analysts forecasts on Friday.

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7. Coming this week:

Monday - Bank of America, Netflix earnings; Retail sales
Tuesday -
Goldman Sachs, United earnings
Wednesday - Morgan Stanley, American Express earnings
Thursday - BNY Mellon earnings
Friday -
State Street, Procter & Gamble, GE earnings

Indiana Coronavirus Cases

Data is updated nightly.

Cases: 608519

Reported Deaths: 9693
CountyCasesDeaths
Marion840461335
Lake45349684
Allen32803548
Hamilton29394315
St. Joseph27380381
Elkhart24404345
Vanderburgh19411249
Tippecanoe17970138
Johnson15069295
Porter14783169
Hendricks14401248
Madison10965221
Vigo10726181
Clark10677144
Monroe9383110
Delaware9116134
LaPorte9065163
Howard8236144
Kosciusko806983
Warrick672999
Hancock6697104
Bartholomew6484100
Floyd6428110
Wayne6136162
Grant5991115
Dubois555579
Boone551168
Morgan541295
Henry507864
Marshall503984
Cass483263
Dearborn479845
Noble473059
Jackson425047
Shelby417581
Lawrence391079
Clinton373043
Gibson370359
Harrison348144
DeKalb347164
Montgomery345754
Knox335639
Miami321444
Steuben313745
Whitley307326
Wabash303251
Adams300936
Ripley298445
Putnam296850
Huntington291659
Jasper289034
White273243
Daviess270474
Jefferson263338
Decatur247683
Fayette247148
Greene239862
Posey239328
Wells236051
LaGrange228862
Scott225339
Clay222532
Randolph213548
Jennings198936
Sullivan192333
Spencer191321
Washington186423
Fountain184027
Starke175443
Jay167623
Owen165737
Fulton164030
Orange159534
Carroll158015
Rush155118
Perry154229
Vermillion149134
Franklin148333
Tipton132332
Parke13078
Pike116926
Blackford111022
Pulaski97037
Newton90921
Brown88035
Benton86610
Crawford7999
Martin73713
Warren6817
Switzerland6615
Union6287
Ohio4907
Unassigned0376

Ohio Coronavirus Cases

Data is updated nightly.

Cases: 859841

Reported Deaths: 10680
CountyCasesDeaths
Franklin101171707
Cuyahoga855711125
Hamilton64017448
Montgomery43107418
Summit34836761
Lucas31350625
Butler30973232
Stark25786435
Warren19671140
Lorain19017223
Mahoning17321338
Lake16080154
Clermont15926111
Delaware1438878
Licking13204137
Trumbull12809316
Fairfield1279381
Greene12055137
Medina11591168
Clark10942265
Wood10348158
Allen9897126
Portage9296109
Miami916873
Richland9139118
Marion7459113
Tuscarawas7381182
Columbiana7327124
Pickaway726150
Wayne7034171
Muskingum703141
Erie6152129
Hancock552390
Ross548998
Scioto539164
Geauga508455
Darke470292
Ashtabula453073
Lawrence452654
Union451828
Sandusky436662
Mercer433589
Seneca430166
Huron428741
Auglaize422264
Shelby421222
Jefferson419269
Belmont416840
Washington388740
Athens38009
Putnam374975
Madison355129
Knox352622
Ashland344938
Fulton338443
Defiance330086
Crawford322374
Preble320637
Brown312921
Logan307332
Ottawa293943
Clinton290143
Williams278667
Highland275118
Jackson263845
Guernsey254125
Champaign252028
Fayette236530
Morrow23234
Perry231318
Holmes225474
Henry218749
Hardin213033
Coshocton205622
Van Wert202245
Gallia196726
Wyandot196051
Pike176217
Adams176115
Hocking172024
Carroll155616
Paulding144321
Noble120540
Meigs108624
Monroe100732
Harrison89121
Morgan83130
Vinton70213
Unassigned00
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