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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.

Cases: 295675

Reported Deaths: 6743
CountyCasesDeaths
DeSoto19690230
Hinds18812389
Harrison16722280
Rankin12725265
Jackson12603228
Lee9691160
Madison9466203
Jones7978147
Forrest7217138
Lauderdale6836226
Lowndes6031140
Lamar588480
Lafayette5736113
Washington5218130
Bolivar4612123
Oktibbeha441493
Panola430894
Pearl River4174130
Warren4130115
Pontotoc409771
Marshall403392
Monroe3990126
Union395674
Neshoba3817169
Lincoln3544103
Hancock347975
Leflore3376118
Sunflower318986
Tate302974
Pike300796
Scott293970
Alcorn291862
Itawamba290075
Yazoo289963
Tippah278965
Coahoma278668
Copiah278158
Simpson275879
Prentiss269858
Wayne254241
Marion252778
Leake252671
Covington248980
Grenada247578
Adams234678
George231845
Newton229952
Winston221777
Jasper213445
Tishomingo212365
Attala206569
Chickasaw201152
Holmes182370
Clay179251
Stone172429
Tallahatchie170939
Clarke169371
Calhoun157928
Smith152832
Yalobusha144836
Greene127733
Walthall124240
Noxubee122831
Montgomery122639
Perry121734
Lawrence120421
Carroll118425
Amite111734
Webster110631
Jefferson Davis101931
Tunica99023
Claiborne98429
Benton93524
Humphreys92827
Kemper90223
Quitman77214
Franklin76119
Choctaw69617
Jefferson62727
Wilkinson62426
Sharkey48917
Issaquena1676
Unassigned00

Alabama Coronavirus Cases

Cases: 494421

Reported Deaths: 9991
CountyCasesDeaths
Jefferson711451374
Mobile36184735
Madison32457458
Tuscaloosa24213412
Montgomery22636517
Shelby22020214
Baldwin19790284
Lee14980154
Morgan13693251
Calhoun13307287
Etowah13192320
Marshall11269209
Houston10102261
Elmore9408185
Limestone9376134
Cullman8903181
St. Clair8839224
Lauderdale8601212
DeKalb8465175
Talladega7552164
Walker6538258
Jackson6503103
Autauga630391
Blount6106127
Colbert5993119
Coffee5254102
Dale4648107
Russell405233
Franklin399478
Covington3970106
Chilton3883100
Escambia378172
Tallapoosa3596143
Clarke343753
Chambers3421111
Dallas3412141
Pike293372
Lawrence283684
Marion283495
Winston247368
Bibb245460
Geneva240270
Marengo236557
Pickens224555
Barbour212451
Hale210668
Fayette200957
Butler197566
Henry182641
Cherokee177139
Monroe166339
Randolph163840
Washington156635
Crenshaw145254
Clay145054
Macon142343
Cleburne137841
Lamar133133
Lowndes131251
Wilcox122525
Bullock117136
Conecuh106724
Perry105827
Sumter98632
Coosa89224
Greene88232
Choctaw55123
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