Iran decision; Disney earnings; Big pharma deal

1. Iran decision: President Donald Trump will announce his decision on whether to scrap the Iran nuc...

Posted: May 8, 2018 1:22 PM
Updated: May 8, 2018 1:22 PM

1. Iran decision: President Donald Trump will announce his decision on whether to scrap the Iran nuclear deal at 2:00 p.m. ET.

Trump is widely expected to stop waiving sanctions on Iran's energy and banking sector that were lifted as part of the 2015 agreement in exchange for curbs on Tehran's nuclear program. US allies have urged Trump to stick with the deal.

Trump's decision could have a major impact on energy markets. Oil prices have surged nearly 13% over the past month to their highest level since 2014 on fears of supply disruptions.

"[The] decision on whether to pull out of the deal to limit sanctions on Iran in return for limits to its nuclear program will hang over markets," said Kit Juckes, a strategist at Societe Generale.

2. Disney earnings: Disney will report its quarterly earnings after the closing bell.

The company is likely to boast about the success of "Black Panther," which has made more than $688 million domestically. Its "Avengers: Infinity War" and the upcoming Star Wars movie "Solo" are also expected to be huge hits.

Investors will be looking for updates on Disney's plan to buy most of 21st Century Fox, which is scheduled to report on Wednesday.

Shares in Fox surged nearly 5% in extended trading after Reuters reported that Comcast is speaking to investment banks about obtaining financing to potentially crash the Disney-Fox deal.

3. Pharma deal: Japan's Takeda said it has finalized a deal to buy Dublin-based biotech firm Shire for -46 billion ($64.3 billion).

Shire's board had said that previous takeover bids from Shire had undervalued the company and put its future growth at risk.

Shares in Takeda gained 4% in Tokyo, while Shire stock was up 3.6% in London.

4. Global market overview: US stock futures were flat.

European markets opened mixed, following a mostly positive trading session in Asia.

The Dow Jones industrial average and the S&P 500 both gained 0.4% on Monday. The Nasdaq added 0.8%.

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5. Earnings and economics: Dean Foods, Discovery, DISH Network, Gray Television, Moneygram, SeaWorld Entertainment and TEGNA will release earnings before the open.

Bojangles', Electronic Arts, Etsy, Fossil, GoDaddy, La Quinta Holdings, Marriott, Papa John's, Potbelly, Sturm Ruger, TripAdvisor, Walt Disney, and Wendy's will follow after the close.

The US Labor Department will release its jobs openings report for March at 10:00 a.m. It comes just days after a strong jobs report. The unemployment rate dropped to 3.9% in April, the first time it's been below 4% since 2000.

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6. Coming this week:
Tuesday - Disney, Sturm Ruger earnings; JOLTS
Wednesday - 21st Century Fox earnings; PPI
Thursday - CPI
Friday - University of Michigan's Consumer Sentiment survey

Indiana Coronavirus Cases

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Confirmed Cases: 51612

Reported Deaths: 2760
CountyConfirmedDeaths
Marion12074693
Lake5650249
Elkhart361860
Allen2952134
St. Joseph214869
Hamilton1708101
Cass16459
Hendricks1466100
Johnson1345118
Porter84038
Tippecanoe7799
Vanderburgh7686
Clark71144
Madison67864
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Howard60758
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Kosciusko5824
Marshall5579
Noble52028
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Jackson4783
Delaware47552
Hancock46836
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Floyd41444
Monroe34828
Morgan34531
Grant32226
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Montgomery29820
Henry29618
Clinton2903
White27610
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Warrick26129
Vigo2588
Decatur25632
Lawrence25225
Harrison21822
Greene19632
Miami1942
Jennings17912
Putnam1738
DeKalb1694
Scott1659
Wayne1586
Daviess15117
Perry14910
Steuben1382
Orange13723
Jasper1362
Ripley1347
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Gibson1242
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Carroll1142
Starke1083
Whitley1076
Fayette1067
Newton10110
Huntington942
Jefferson872
Wells821
Randolph804
Fulton731
Jay720
Knox710
Washington681
Pulaski661
Clay645
Rush623
Posey610
Spencer571
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Blackford402
Fountain362
Crawford330
Switzerland320
Tipton321
Parke270
Martin260
Ohio230
Vermillion200
Warren151
Union140
Pike120
Unassigned0193

Ohio Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 65592

Reported Deaths: 3058
CountyConfirmedDeaths
Franklin12035447
Cuyahoga9208399
Hamilton6950208
Lucas3007306
Marion274839
Montgomery251336
Summit2351209
Pickaway222741
Mahoning1948239
Butler186347
Columbiana138560
Stark1225116
Lorain115269
Trumbull105378
Warren100926
Clark81610
Delaware72415
Fairfield69217
Lake60923
Tuscarawas60910
Medina58932
Licking58312
Belmont57024
Miami51031
Portage50260
Clermont4977
Wood49451
Ashtabula44844
Geauga42843
Richland3786
Wayne37355
Allen36641
Greene3469
Mercer30210
Erie28622
Holmes2615
Darke25926
Huron2472
Madison2229
Ottawa19324
Sandusky16915
Athens1671
Ross1483
Washington14620
Coshocton1424
Putnam14215
Crawford1415
Hardin12312
Morrow1211
Jefferson1152
Auglaize1114
Muskingum1041
Union1021
Preble911
Clinton892
Monroe8917
Hancock861
Lawrence860
Guernsey813
Hocking819
Williams762
Shelby754
Logan711
Scioto710
Carroll703
Ashland682
Fulton670
Brown631
Wyandot635
Champaign551
Fayette550
Knox551
Defiance543
Highland531
Van Wert491
Perry461
Seneca412
Henry350
Paulding320
Jackson300
Pike290
Adams261
Vinton232
Gallia211
Harrison141
Noble140
Meigs130
Morgan110
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