Disney and Fox; Net neutrality; More stocks records

1. Media deal: Disney is widely expected to announce Thursday that it will purchase a major chunk of...

Posted: Dec 14, 2017 12:57 PM
Updated: Dec 14, 2017 12:57 PM

1. Media deal: Disney is widely expected to announce Thursday that it will purchase a major chunk of Rupert Murdoch's entertainment empire.

If the deal shapes up as reported, it will shake the media industry to its core.

Disney is expected to buy Fox's movie studio, its regional sports networks, the cable channels FX and National Geographic as well as Star India and Fox's stake in European pay-TV provider Sky.

Fox would keep its news divisions including Fox News and Fox Business, as well as its broadcast network and the local stations it owns and the cable channel Fox Sports.

Yet there are many outstanding questions: What does the deal mean for Disney CEO Bob Iger? And how will it shape Murdoch's legacy?

2. Net neutrality decision: The U.S. Federal Communications Commission (FCC) is set to vote Thursday on a repeal of Obama-era net neutrality protections.

Net neutrality rules bar internet providers like Comcast and AT&T from deliberately speeding up or slowing down traffic from specific websites and apps in order to prioritize their own content.

FCC chairman Ajit Pai's plan would lift those bans -- and likely boost those companies. (AT&T is in the process of acquiring Time Warner, which owns CNN.)

Democrats have called on the FCC to delay the vote.

3. Central bank time: The U.S. Federal Reserve raised interest rates on Wednesday. Investors attention now turns to the European Central Bank and the Bank of England.

The central banks are not expected to announce rate hikes, but investors will be looking for hints on their strategy for the coming year.

4. Global market overview: U.S. stock futures were higher.

European markets opened mostly lower, while Asian markets ended mixed.

The Dow Jones industrial average hit a record high and moved closer to 25,000 on Wednesday after Congressional leaders struck a tentative tax overhaul deal. The index added 0.3%.

The S&P 500 closed flat and the Nasdaq gained 0.2%.

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

5. Earnings and economics: Costco, Adobe and Oracle will release their results after the closing bell.

The U.S. Census Bureau will publish data on November retail sales at 8:30 a.m. ET.

The International Energy Agency said it expects U.S. oil production to rise again in 2018. It predicts that global supply will grow at faster rate than demand next year.

"2018 may not necessarily be a happy New Year for those who would like to see a tighter market," the agency said in a report.

There's more good news in Germany: The IFO Institute has raised its growth forecast for 2018 from 2% to 2.6%

"The German economy is in great shape," said IFO President Clemens Fuest.

European Union leaders are gathering for a summit in Brussels on Thursday and Friday. High on their agenda: Brexit.

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

6. Coming this week:

Thursday -- November U.S. retail sales; Bank of England rate decision; European Central Bank decision; Costco and Oracle earnings; IEA oil report; EU summit
Friday
-- EU Summit

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 296745

Reported Deaths: 6783
CountyCasesDeaths
DeSoto19731230
Hinds18881393
Harrison16780282
Rankin12787265
Jackson12643229
Lee9703161
Madison9484203
Jones8005147
Forrest7250138
Lauderdale6847227
Lowndes6033140
Lamar590980
Lafayette5747113
Washington5229130
Bolivar4620124
Oktibbeha442194
Panola432396
Pearl River4193132
Warren4138115
Pontotoc410771
Marshall404492
Monroe3993128
Union396474
Neshoba3822170
Lincoln3564104
Hancock350277
Leflore3389119
Sunflower319286
Tate303374
Pike301796
Scott295271
Alcorn292463
Yazoo290865
Itawamba290275
Coahoma282069
Tippah279565
Copiah279259
Simpson276680
Prentiss271158
Wayne254541
Leake253172
Marion252778
Covington249780
Grenada248578
Adams235078
George232445
Newton231252
Winston221979
Jasper213845
Tishomingo212965
Attala206870
Chickasaw201453
Holmes182770
Clay179251
Stone173029
Tallahatchie171439
Clarke169672
Calhoun158528
Smith153033
Yalobusha145536
Greene127933
Walthall124540
Noxubee123131
Montgomery122939
Perry122235
Lawrence120621
Carroll119025
Amite112235
Webster111132
Jefferson Davis102731
Tunica99523
Claiborne99129
Benton93924
Humphreys93027
Kemper90423
Quitman77414
Franklin76219
Choctaw69817
Jefferson62827
Wilkinson62427
Sharkey49117
Issaquena1676
Unassigned00

Alabama Coronavirus Cases

Cases: 498076

Reported Deaths: 10094
CountyCasesDeaths
Jefferson716711387
Mobile36294737
Madison32616468
Tuscaloosa24340421
Montgomery22739519
Shelby22174218
Baldwin19873289
Lee15039157
Calhoun13832293
Morgan13753254
Etowah13390325
Marshall11448211
Houston10124264
Elmore9483190
Limestone9420138
St. Clair9022227
Cullman8984182
Lauderdale8612214
DeKalb8489175
Talladega7606165
Walker6585259
Jackson6545104
Autauga632492
Blount6236127
Colbert6001121
Coffee5264103
Dale4671107
Russell406933
Franklin399878
Covington3993106
Chilton3898103
Escambia379173
Tallapoosa3622143
Clarke344053
Chambers3431111
Dallas3422142
Pike293373
Marion288695
Lawrence284985
Winston258368
Bibb246160
Geneva240370
Marengo238857
Pickens225457
Barbour213651
Hale212269
Fayette202057
Butler201466
Henry183541
Cherokee178039
Monroe166739
Randolph164840
Washington156836
Macon147745
Crenshaw146255
Clay145954
Cleburne139841
Lamar133733
Lowndes132751
Wilcox122925
Bullock117336
Conecuh107024
Perry106127
Sumter99732
Coosa90224
Greene88532
Choctaw55323
Out of AL00
Unassigned00
Tupelo
Cloudy
51° wxIcon
Hi: 63° Lo: 42°
Feels Like: 51°
Columbus
Partly Cloudy
56° wxIcon
Hi: 67° Lo: 42°
Feels Like: 56°
Oxford
Cloudy
48° wxIcon
Hi: 59° Lo: 42°
Feels Like: 44°
Starkville
Mostly Cloudy
54° wxIcon
Hi: 65° Lo: 41°
Feels Like: 54°
WTVA Radar
WTVA Temperatures
WTVA Severe Weather