Charter snubs Sprint; Watching Venezuela; Earnings season rolls on


Business News - Opportunities - Reviews



Premarket: 5 things to know before the bell – Jul. 31, 2017

premarket stocks trading futures
Click chart for in-depth premarket data.

1. Takeover takedown: Charter has shot down a plan for it to buy Sprint and create a media and telecom giant.

The proposed merger would have resulted in a huge new company controlled by Sprint’s (S) owner, the Japanese tech firm Softbank (SFTBF), according to reports last week.

‘; var storytext = document.getElementById(‘storytext’); var heightToSkip = 0; function resetValues() { totalHeight = 0; targetChildElement = null; } // Check if story is in the blacklist of articles to remove smartassets // [2017.07.27] Results of a one-off request from r.barbieri if(BLACKLIST[location.pathname] === true) { return } if(storytext == null) { console.log(“Error finding storytext element for SA embed”); return; } for ( i = 0; i 0) { heightToSkip -= storytext.childNodes[i].clientHeight; resetValues(); } else if(heightToSkip minHeight && targetChildElement != null) { //console.log(“total height = ” + totalHeight); //console.log(“childNode = ” + targetChildElement); storytext.childNodes[targetChildElement].insertAdjacentHTML(‘afterend’, smartAssetDiv); smartasset = document.getElementById(‘smartasset-article’); = ‘left’; // allows module to have text float to right =’20px’; =’25px’; //console.log(storytext.childNodes[targetChildElement]); //SMARTASSET.setDivIndex(targetChildElement); SMARTASSET.setSmartAssetScript(); /* bail out since we’re done */ break; } } /* div with id=”smartassetcontainer”. Sanity check to only embed once */ else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘div’ && storytext.childNodes[i].id !== “undefined” && storytext.childNodes[i].id === “smartassetcontainer”) { break; } /* div with id=”ie_column” */ else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘div’ && storytext.childNodes[i].id !== “undefined” && storytext.childNodes[i].id === “ie_column”) { resetValues(); } /* embeds from twitter, facebook, youtube */ else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘div’ && storytext.childNodes[i].classList.contains(’embed’)) { resetValues(); } /* cnn video player */ else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘div’ && storytext.childNodes[i].classList.contains(‘cnnplayer’)) { resetValues(); } /* images */ else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘img’) { resetValues(); } /* images stored in figure tags */ else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘figure’) { if(storytext.childNodes[i].clientWidth

But Charter (CHTR) dismissed the idea late Sunday.

“We understand why a deal is attractive for SoftBank, but Charter has no interest in acquiring Sprint,” the cable company said in a statement.

SoftBank and Sprint didn’t immediately respond to requests for comment.

Shares in Charter look set to jump at the open.

2. Global stock market overview: The Dow Jones industrial average hit another record closing high on Friday and could keep rallying. U.S. stock futures were pointing up.

European markets were mostly higher in early trade. Asian markets ended the day with positive results.

The S&P 500 and Nasdaq also hit all-time highs last week.

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

3. Earnings: HSBC (HSBC), Sanofi (SNY) and Heineken (HEINY) all reported earnings on Monday.

Pandora Media (P) is releasing earnings after U.S. markets close.

4. Watching Venezuela: The U.S. is considering sanctions that would strike at the only source of cash for troubled Venezuela: Oil.

Two senior administration officials told CNN Sunday that sanctions could be announced as early as Monday. The Venezuelan government on Sunday held a controversial vote that President Trump and many other critics say will erode any last signs of democracy in the South American nation.

The Trump administration on Wednesday slapped sanctions on 13 government and military officials tied to Venezuelan President Nicolás Maduro. Mexico and Colombia followed with sanctions on the same individuals.

Download CNN MoneyStream for up-to-the-minute market data and news

5. Coming this week:

Monday — Earnings from HSBC (HSBC), Sanofi (SNY), Heineken (HEINY) and Pandora Media (P)

Tuesday — Earnings from Apple (AAPL, Tech30), BP (BP), Sprint (S), Under Armour (UA) and Xerox (XRX)

Wednesday — Earnings from CNN parent company Time Warner (TWX), Molson Coors Brewing (TAP), Tesla (TSLA) and Take-Two Interactive (TTWO); Germany’s auto industry holds a ‘diesel summit’ with politicians

Thursday — Earnings from Weight Watchers (WTW), Hyatt Hotels (H), Scripps Networks (SNI), Yum! Brands (YUM), GoPro (GPRO, Tech30), Kraft Heinz Company (KHC) and Shake Shack (SHAK)

Friday — U.S. Bureau of Labor Statistics releases monthly jobs and unemployment report

CNNMoney (London) First published July 31, 2017: 5:31 AM ET


Business News - Opportunities - Reviews



Leave a Reply