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.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | +36.00 | | +10.25 | | +3.00 | | +0.15% | | +0.16% | | +0.11% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | -63.62 | | -10.60 | | -17.68 | | 22,694.45 | | 3,292.44 | | 7,478.83 | | -0.28% | | -0.32% | | -0.24% | | | |
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| | | Biggest Winners | | Chesapeake Energy Corp | +4.03% | | | | Twenty-First Century Fox Inc | +2.04% | | | | Twenty-First Century Fox Inc | +1.53% | | | | Advanced Micro Devices Inc | +0.89% | | | Biggest Losers | | TechnipFMC PLC | -0.98% | | | | Western Union Co | -0.88% | | | | Ford Motor Co | -0.16% | | | | Netflix Inc | -0.14% | | | | | | | |
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| News: What you need to know about the markets | | | | | | | Disney and Fox; Net neutrality; More stocks records | By Ivana Kottasová
Thursday, December 14th, 5:00am | | | | 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 | | | | | | | |
| | | | | | 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 | | | | | | | |
| Key Market Stats | Latest | Today's Change | | | Oil | $56.56 | -0.04 / -0.07% | | | Gold | $1,258.10 | +9.50 / +0.76% | | | 10-yr | 2.35% | -0.05 / -2.25% | | | Euro | $1.18 | +0.00 / +0.02% | | | |
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