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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: 727764

Reported Deaths: 13397
CountyCasesDeaths
Marion995211738
Lake53461965
Allen40457675
St. Joseph35506550
Hamilton35489408
Elkhart28433441
Tippecanoe22359218
Vanderburgh22284396
Porter18668307
Johnson17905377
Hendricks17180315
Clark12930191
Madison12592339
Vigo12431246
Monroe11858170
LaPorte11821210
Delaware10648185
Howard9865216
Kosciusko9378117
Hancock8251140
Bartholomew8052155
Warrick7771155
Floyd7649177
Grant7027174
Wayne7026199
Boone6679101
Morgan6555139
Dubois6150117
Marshall6005111
Dearborn579277
Cass5788105
Henry5688103
Noble558883
Jackson500872
Shelby490296
Lawrence4505120
Harrison434772
Gibson434692
Clinton427053
DeKalb426484
Montgomery423588
Whitley394739
Huntington389080
Steuben383857
Miami380666
Knox371890
Jasper363847
Putnam358860
Wabash353379
Adams340654
Ripley339170
Jefferson328881
White313254
Daviess295899
Wells291081
Decatur284292
Fayette279262
Greene277385
Posey271033
Scott265453
LaGrange265370
Clay259146
Washington240032
Randolph239781
Spencer232031
Jennings229549
Starke215453
Fountain212046
Sullivan211142
Owen198156
Fulton194740
Jay192530
Carroll188320
Orange182654
Perry182637
Rush172925
Vermillion168543
Franklin167735
Tipton162445
Parke145916
Blackford134632
Pike133234
Pulaski116445
Newton107234
Brown101641
Crawford99314
Benton98414
Martin88315
Warren81715
Switzerland7848
Union70810
Ohio56411
Unassigned0414

Ohio Coronavirus Cases

Data is updated nightly.

Cases: 1081518

Reported Deaths: 19428
CountyCasesDeaths
Franklin1256551400
Cuyahoga1117782115
Hamilton798901205
Montgomery513291014
Summit47080945
Lucas42049788
Butler38301584
Stark32242906
Lorain24958481
Warren24262298
Mahoning21511588
Lake20618369
Clermont19747238
Delaware18503133
Licking16410212
Fairfield16160199
Trumbull16019468
Medina15247264
Greene15043244
Clark13970299
Wood13065189
Portage12825203
Allen11626232
Richland11323199
Miami10661217
Muskingum8799133
Wayne8784211
Columbiana8766229
Pickaway8551121
Marion8514135
Tuscarawas8470244
Erie7871154
Hancock6906127
Ross6842155
Ashtabula6792170
Geauga6677148
Scioto6405101
Belmont5873167
Union570348
Lawrence5546102
Jefferson5521151
Huron5427119
Darke5347123
Sandusky5337120
Seneca5275121
Athens518858
Washington5153109
Auglaize489584
Mercer480385
Shelby468893
Knox4483110
Madison435561
Putnam4278100
Fulton421669
Ashland421489
Defiance419297
Crawford3970107
Brown393857
Logan381576
Preble379398
Clinton371263
Ottawa366679
Highland354662
Williams338575
Champaign331458
Guernsey315653
Jackson312151
Perry294850
Morrow284639
Fayette281550
Hardin270664
Henry268466
Coshocton264557
Holmes2593101
Van Wert243363
Adams237752
Pike237534
Gallia235349
Wyandot230855
Hocking215262
Carroll191247
Paulding172540
Meigs144740
Noble133337
Monroe132042
Morgan108323
Harrison107637
Vinton82815
Unassigned02
Fort Wayne
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Angola
Partly Cloudy
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Huntington
Clear
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Hi: 54° Lo: 32°
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Decatur
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Van Wert
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53° wxIcon
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Rain moves in overnight into Sunday morning and looks to hang around much of the day, likely forcing Mother's Day plans indoors
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