Iran deal fallout; Liberty sale; Fox earnings

1. Iran deal fallout: Oil prices have surged after President Donald Trump said the United States wou...

Posted: May 9, 2018 12:13 PM
Updated: May 9, 2018 12:13 PM

1. Iran deal fallout: Oil prices have surged after President Donald Trump said the United States would exit the Iran nuclear deal.

US crude futures jumped 3% on Wednesday to trade at $71 per barrel, their highest level since late 2014.

Trump said Tuesday that the United States would begin reinstating sanctions on Iran, raising fears of disruption in the oil market.

Iran ramped up production by about 1 million barrels a day after sanctions were eased in 2016. Some of that oil could now be pulled from the market - at a time when oil prices are already rising because of production cuts by OPEC and Russia as well as instability in Venezuela.

2. Vodafone-Liberty deal: American media mogul John Malone is selling a big chunk of his cable and broadband empire to UK telecoms operator Vodafone for close to -10.6 billion ($13 billion).

Vodafone is buying operations in Germany, the Czech Republic, Hungary and Romania from Malone's Liberty Global.

Vodafone CEO Vittorio Colao said the acquisition will make the company "Europe's leading next generation network owner, serving the largest number of mobile customers and households across the EU."

Shares in Vodafone jumped 1.8% after the announcement.

Malone's Liberty Media is a minority investor in Time Warner, the parent company of CNN, according to Liberty Media's website.

3. Fox earnings: 21st Century Fox is scheduled to report earnings after the closing bell, and investors will be hoping for more hints on its future.

Fox is mixed up in two complicated bidding wars, both as a buyer and a target.

It is competing with Comcast to buy the British pay-TV provider Sky. At the same time, Disney, which is trying to buy most of Fox, is now facing potential rival bid for the assets from Comcast.

Comcast is talking to investment banks about usurping the $52 billion Disney-Fox deal, three sources with knowledge of the matter told CNNMoney's Dylan Byers.

Shares in Comcast dropped 6% on Tuesday.

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

European markets and stocks in Asia struggled to find direction after Trump's bombshell Iran announcement.

The Dow Jones industrial average, the S&P 500 and the Nasdaq closed little changed on Tuesday.

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5. Earnings and economics: Anheuser-Busch InBev, Cars.com, Groupon, Office Depot, Party City, Sinclair Broadcast, and Toyota Motor will release earnings before the open.

21st Century Fox, CenturyLink, Hostess Brands, Roku, and Rosetta Stone will follow after the close.

Shares in TripAdvisor surged as much as 19% in extended trading after it reported better than expected earnings.

The US Bureau of Labor Statistics will publish its producer price index for April at 8:30 a.m. ET.

Markets Now newsletter: Get a global markets snapshot in your inbox every afternoon. Sign up now!

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

Mississippi Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 115763

Reported Deaths: 3263
CountyConfirmedDeaths
Hinds7973177
DeSoto703979
Harrison522384
Jackson457884
Rankin394086
Madison383194
Lee357380
Forrest304678
Jones292484
Washington258399
Lafayette250443
Lauderdale2478135
Lamar225538
Oktibbeha202454
Bolivar201677
Neshoba1849111
Lowndes179962
Panola170040
Leflore167187
Sunflower162349
Warren154855
Monroe150673
Pontotoc147220
Marshall143129
Lincoln140157
Pike138456
Copiah137536
Scott125429
Coahoma124937
Grenada122638
Yazoo122234
Simpson121549
Union118825
Tate116839
Leake115041
Holmes114760
Itawamba113925
Pearl River113660
Adams108544
Prentiss106120
Wayne101722
Alcorn100112
George99218
Covington97527
Marion95042
Tippah90322
Newton86627
Chickasaw85526
Tallahatchie84526
Winston84121
Hancock84028
Tishomingo81241
Attala79426
Clarke75851
Clay69321
Jasper68717
Walthall63927
Calhoun62612
Noxubee59817
Smith59416
Montgomery54923
Yalobusha54514
Claiborne53716
Tunica53517
Lawrence51814
Perry49423
Carroll49312
Greene47818
Stone47514
Humphreys43816
Amite42513
Quitman4206
Jefferson Davis41011
Webster37613
Benton3416
Wilkinson33820
Kemper32615
Sharkey28514
Jefferson27610
Franklin2423
Choctaw2086
Issaquena1074
Unassigned00

Alabama Coronavirus Cases

Confirmed Cases: 158701

Reported Deaths: 2680
CountyConfirmedDeaths
Jefferson23292377
Mobile16916315
Tuscaloosa10345140
Montgomery10250197
Madison935096
Shelby739063
Baldwin665869
Lee654665
Calhoun459961
Marshall439550
Etowah428551
Houston417034
Morgan416435
DeKalb342629
Elmore320853
St. Clair295542
Limestone287230
Walker279492
Talladega266435
Cullman248024
Lauderdale229442
Jackson215915
Autauga205931
Franklin205531
Colbert202132
Russell19493
Blount193225
Chilton188432
Dallas186627
Coffee177111
Dale176351
Covington174729
Escambia172730
Clarke135217
Chambers135044
Pike134113
Tallapoosa132987
Marion108129
Barbour10339
Marengo101922
Butler101140
Winston92913
Geneva9067
Lawrence85832
Pickens85218
Bibb84014
Randolph82716
Hale76830
Washington74912
Clay74412
Cherokee73814
Henry7176
Lowndes71328
Bullock64917
Monroe64610
Crenshaw60830
Perry5926
Fayette57713
Cleburne5698
Wilcox56812
Conecuh56113
Macon53620
Lamar4965
Sumter47221
Choctaw39212
Greene34216
Coosa2043
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