1. Fox hunt remains: Is Disney near a manage 21st Century Fox?
Disney (DIS) is reportedly in advanced discussions to get parts of the media behemoth controlled by the category of Rupert Murdoch.
Shares in Disney dropped 3% on Tuesday after CNBC reported that it might buy Fox (FOX) resources including its film studio, FX, National Geographic and Indian business Superstar.
Speculation reached a fever pitch following the Financial Instances said that Murdoch’s son James could join Disney within the deal, and perhaps succeed CEO Bob Iger.
Both companies have declined to comment, but investors will not be changing the channel.
2. Retail difficulty: Shares in Steinhoff International plunged up to 60% on Wednesday.
Steinhoff is not a household name in the U.S. However the retailer is a major player in Africa and European countries, where its holdings are the U.K.’s Poundland.
CEO Markus Jooste resigned on Wednesday and the company announced a study into “accounting irregularities.”
Steinhoff likewise delayed its gross annual results, saying it would publish “when it is in a position to do so.”
3. Global market segments drop: It’s shaping up to be always a tough day for stocks.
U.S. stock futures had been lower. European market segments were awash in reddish, following the mood set in Asia.
The benchmark Shanghai Composite was about the only index to buck the trend, posting a gain of practically 0.7%.
U.S. oil futures dropped 0.4% to trade near $57 per barrel.
On Tuesday, the Dow Jones industrial ordinary dropped 0.5%. The S&P 500 and Nasdaq suffered smaller losses.
4. But wait around! Bitcoin is back again: Bitcoin offers surged above $12,000 for the first time.
The digital currency is up 1,100% since the start of year — despite leading figures in finance and economics warning of a bubble.
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5. Companies and economics: American Eagle (AEO) and H&R Block (HRB) will launching earnings before the available, while Broadcom (AVGO) and lululemon (LULU) will follow after the close.
The U.S. crude inventories record for the week of December 2 is set to be produced at 10:30 a.m. ET.
Canada’s central lender will announce an interest rates decision at 10 a.m. ET.
The Australian dollar dropped against other major currencies after new info showed the economy grew slower than expected in the 3rd quarter. Australia has not suffered a recession, thought as two consecutive quarters of contraction, since 1991.
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6. Coming this week:
Wednesday — H&R Block (HRB), American Eagle (AEO) earnings
Thursday — DOJ vs. AT&T status conference
Friday — Jobs report