1. Takeover takedown: Charter has shot down a plan for it to buy Sprint and create a media and telecom giant. The proposed merger would have resulted in a huge new company controlled by Sprint's owner, the Japanese tech firm Softbank, according to reports last week.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | +42.00 | | +7.75 | | +1.75 | | +0.19% | | +0.13% | | +0.07% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | -34.66 | | +19.79 | | +28.51 | | 19,925.18 | | 3,273.03 | | 7,396.88 | | -0.17% | | +0.61% | | +0.39% | | | |
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| Key Stats | Latest | Today's Change | | | Oil | $49.80 | +0.09 / +0.18% | | | Gold | $1,266.40 | -2.00 / -0.16% | | | 10-yr | 2.29% | -0.02 / -0.91% | | | Euro | $1.17 | -0.00 / -0.15% | | | |
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| News: What you need to know about the markets | | | | | | | Charter snubs Sprint; Watching Venezuela; Earnings season rolls on | By Alanna Petroff
Monday, July 31st, 5:31am | | | | 1. Takeover takedown: Charter has shot down a plan for it to buy Sprint and create a media and telecom giant. | | | | The proposed merger would have resulted in a huge new company controlled by Sprint's owner, the Japanese tech firm Softbank, according to reports last week. | | | | But Charter dismissed the idea late Sunday. | | | | "We understand why a deal is attractive for SoftBank, but Charter has no interest in acquiring Sprint," the cable company said in a statement. | | | | SoftBank and Sprint didn't immediately respond to requests for comment. | | | | Shares in Charter look set to jump at the open. | | | | 2. Global stock market overview: The Dow Jones industrial average hit another record closing high on Friday and could keep rallying. U.S. stock futures were pointing up. | | | | European markets were mostly higher in early trade. Asian markets ended the day with positive results. | | | | The S&P 500 and Nasdaq also hit all-time highs last week. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | 3. Earnings: HSBC, Sanofi and Heineken all reported earnings on Monday. | | | | Pandora Media is releasing earnings after U.S. markets close. | | | | 4. Watching Venezuela: The U.S. is considering sanctions that would strike at the only source of cash for troubled Venezuela: Oil. | | | | Two senior administration officials told CNN Sunday that sanctions could be announced as early as Monday. The Venezuelan government on Sunday held a controversial vote that President Trump and many other critics say will erode any last signs of democracy in the South American nation. | | | | The Trump administration on Wednesday slapped sanctions on 13 government and military officials tied to Venezuelan President Nicolás Maduro. Mexico and Colombia followed with sanctions on the same individuals. | | | | Download CNN MoneyStream for up-to-the-minute market data and news | | | | | | | |
| | | | | | | Monday -- Earnings from HSBC, Sanofi, Heineken and Pandora Media | | | | Tuesday -- Earnings from Apple, BP, Sprint, Under Armour and Xerox | | | | Wednesday -- Earnings from CNN parent company Time Warner, Molson Coors Brewing, Tesla and Take-Two Interactive; Germany's auto industry holds a 'diesel summit' with politicians | | | | Thursday -- Earnings from Weight Watchers, Hyatt Hotels, Scripps Networks, Yum! Brands, GoPro, Kraft Heinz Company and Shake Shack | | | | Friday -- U.S. Bureau of Labor Statistics releases monthly jobs and unemployment report | | | | | | | |
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