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

Data is updated nightly.

Cases: 295357

Reported Deaths: 5305
CountyCasesDeaths
Marion40796844
Lake25864448
Allen17025289
Elkhart16389209
St. Joseph16125217
Hamilton12225163
Vanderburgh9218112
Tippecanoe807627
Porter770176
Johnson5971161
Hendricks5719154
Vigo563274
Monroe519846
Clark486774
Delaware4721103
Madison4651119
Kosciusko437339
LaPorte436792
Howard321375
Warrick309072
Floyd301177
Bartholomew296262
Wayne292261
Cass291231
Marshall283642
Grant254147
Noble244246
Hancock238949
Henry234136
Boone231754
Dubois229230
Dearborn204629
Jackson200033
Morgan196043
Gibson171622
Knox170715
Clinton170420
Shelby170453
Lawrence169246
DeKalb168428
Adams160019
Miami150414
Daviess149143
Wabash148118
Fayette141233
Steuben139713
LaGrange135127
Jasper134911
Harrison134624
Montgomery127926
Whitley127410
Ripley121414
Decatur119842
Posey116613
Putnam115626
Wells115427
Huntington115210
White115221
Randolph114619
Clay111821
Jefferson110314
Scott97918
Greene97553
Jay93012
Starke87021
Sullivan85515
Perry80521
Spencer7957
Jennings79114
Fulton78717
Fountain7257
Washington6966
Carroll65313
Orange64828
Franklin63525
Owen5676
Vermillion5662
Newton53412
Parke5296
Tipton52826
Blackford50011
Rush5006
Pike49618
Pulaski36410
Martin3425
Brown3153
Benton3101
Crawford2711
Union2551
Switzerland2453
Warren2272
Ohio2227
Unassigned0265

Ohio Coronavirus Cases

Data is updated nightly.

Cases: 351419

Reported Deaths: 5996
CountyCasesDeaths
Franklin48389665
Cuyahoga34096734
Hamilton28674371
Montgomery19082225
Butler14138144
Lucas13446406
Summit12431309
Stark8122197
Warren770375
Mahoning6772299
Lake625466
Lorain590297
Clermont541946
Delaware521435
Licking506275
Fairfield505163
Trumbull4969144
Greene489662
Clark486664
Marion451451
Allen446384
Wood4243107
Medina413354
Miami398565
Pickaway387948
Columbiana328496
Portage323171
Wayne303593
Tuscarawas299557
Richland293929
Mercer281237
Ross234559
Hancock225336
Muskingum223610
Auglaize218925
Putnam218649
Darke208058
Erie205565
Ashtabula204753
Geauga189451
Scioto186713
Lawrence181336
Athens17954
Union17928
Shelby176715
Seneca165018
Belmont151529
Madison151018
Sandusky144427
Preble143821
Huron139218
Holmes137039
Defiance131121
Knox118818
Logan118313
Fulton117225
Ottawa114730
Crawford114216
Washington112427
Clinton100314
Williams9938
Jefferson9894
Ashland98322
Highland96317
Henry94422
Brown9324
Champaign8935
Jackson87312
Fayette86617
Van Wert8596
Morrow8312
Hardin82518
Guernsey79213
Coshocton78813
Perry73312
Pike7081
Adams70611
Wyandot68916
Gallia68113
Paulding61710
Hocking58511
Noble56121
Carroll41610
Meigs36312
Monroe29921
Morgan2342
Vinton2075
Harrison1823
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