1. Telecoms deal: T-Mobile and Sprint announced a deal on Sunday that will combine the third and fourth largest wireless service providers in the United States. The agreement would leave just three major wireless carriers in the US.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | +111.00 | | +36.25 | | +9.25 | | +0.46% | | +0.54% | | +0.35% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | +148.26 | | +7.20 | | +41.37 | | 22,467.87 | | 3,082.23 | | 7,543.58 | | +0.66% | | +0.23% | | +0.55% | | | |
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| | | Biggest Winners | | NORTHROP GRUMMAN CORP | +2.53% | | | | Walt Disney Co | +1.33% | | | | Carnival Corp | +1.21% | | | | Altria Group Inc | +1.19% | | | Biggest Losers | | Allergan plc | -1.26% | | | | Colgate-Palmolive Co | -0.57% | | | | Perrigo Company PLC | -0.44% | | | | | | | |
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| News: What you need to know about the markets | | | | | | | Sprint and T-Mobile; Walmart deals in Europe; WPP earnings | By Ivana Kottasová
Monday, April 30th, 5:07am | | | | 1. Telecoms deal: T-Mobile and Sprint announced a deal on Sunday that will combine the third and fourth largest wireless service providers in the United States. | | | | The agreement would leave just three major wireless carriers in the US. | | | | The combined company, which will take on the name T-Mobile, would be positioned as a fierce competitor to Verizon and AT&T. The deal, which follows years of deliberations, must still be approved by regulators. | | | | T-Mobile CEO John Legere said he plans to hire thousands of people in a bid to create a nationwide network that will position the United States as the leader in 5G. | | | | 2. Walmart retreat: Shares in UK supermarket chain Sainsbury's jumped as much as 21% in London after the company said it would merge with Walmart's UK business Asda. | | | | Walmart will receive £2.97 billion ($4.1 billion) in cash and a 42% stake in the combined business. The deal values Asda at £7.3 billion ($10 billion), and creates a mega retailer with 2,800 stores and combined sales of roughly £51 billion ($70 billion). | | | | Walmart could use the cash to fuel its expansion in other international markets. The US retailer is reportedly close to agreeing to invest in India's Flipkart, an online retailer that has also attracted attention from Amazon. | | | | 3. WPP reports: The world's biggest advertising agency reported its first quarter results on Monday. | | | | WPP shares opened higher after the company revealed a sales slowdown that wasn't as bad as analysts had feared. WPP warned about the weaker advertising market earlier this year. | | | | It's the company's first earnings report since veteran CEO Martin Sorrell resigned amid an investigation into alleged "personal misconduct." Sorrell, who led the business for the three decades, has denied any wrongdoing. | | | | 4. Global market overview: US stock futures were pointing higher. | | | | European markets opened mixed, following a positive trading session in Asia. Markets in Shanghai and Tokyo were closed for holidays. | | | | The Dow Jones industrial average closed 0.1% lower on Friday, while the S&P 500 added 0.1% and the Nasdaq was flat. | | | | US crude oil futures dropped 1% to trade at $67.45 per barrel. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | 5. Earnings and economics: Allergan and McDonald's will report earnings before the opening bell. | | | | US personal income and personal spending data will be released by the Bureau of Economic Analysis at 8:30 a.m. ET. | | | | Germany's inflation reading for March will be published at 8:00 a.m. | | | | Markets Now newsletter: Get a global markets snapshot in your inbox every afternoon. Sign up now! | | | | | | | |
| | | | | | Monday — McDonald's earnings
Tuesday — Aetna, Apple, Merck, Pfizer, Snap earnings; Fed meeting
Wednesday — CVS, Humana, Kraft Heinz, Metlife, Molson Coors, Spotify, Tesla, Yum; Fed meeting
Thursday — Cigna, DowDuPont, Kellogg, Weight Watchers earnings
Friday — Alibaba, Newell Brands earnings; Berkshire Hathaway annual shareholder weekend kicks off; Jobs report | | | | | | | |
| Key Market Stats | Latest | Today's Change | | | Oil | $67.38 | -0.72 / -1.06% | | | Gold | $1,317.90 | -5.50 / -0.42% | | | 10-yr | 2.96% | 0.00 / 0.00% | | | Euro | $1.21 | -0.00 / -0.13% | | | |
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