1. Takeover talk: Shares in Discovery Communications( and )Scripps Networks( could be on the move after they announced a big takeover agreement worth $ 14.6 billion. Discovery is buying Scripps for $ 90 per share in cash and stock. )
Meanwhile, 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.
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.
5. Coming this week:
Monday — Earnings from HSBC(, )Sanofi(, )Heineken( and )Pandora Media()
Tuesday — Earnings from Apple(Tech30), , 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(Tech30), , Kraft Heinz Company( and )Shake Shack()
Friday — U.S. Bureau of Labor Statistics releases monthly jobs and unemployment report