| IN THE NEWS TODAY |
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The U.S. Federal Communications Commission has approvedAT&T's $48.5 billion bid for DirecTV, sources told Reuters. The FCC this week laid out conditions for the merger , including measures to provide Internet to middle-class and low-income Americans. (Reuters) |
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The International Monetary Fund warned that Japan is in danger ofmissing its 2 percent inflation target unless it accelerates structural reforms and prepares to ease monetary policy further. The IMF said Abenomics is too reliant on a weak yen for reflation. (CNBC) |
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Two inspectors general have asked the Justice Department to open a criminal investigation into whether Hillary Clinton mishandled sensitive government information on a private email account she used as secretary of state, officials told The New York Times. (NYT) |
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A gunman killed two people and injured seven more in a theater shooting in Lafayette, LA Thursday evening. Police said a white male in his 50s opened fire in a screening of "Trainwreck" before turning the gun on himself. (NBC News) |
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| BY THE NUMBERS |
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In contrast to the earnings calendar, it's been a light week for economic reports, and it will conclude with just one report today.June new home sales are out at 10 a.m. ET, with economists looking for a gain of 0.7 percent following May's 2.2 percent rise. |
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| STOCKS TO WATCH |
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Pandora beat estimates by 3 cents with adjusted quarterly profit of 5 cents per share, and the online radio service's revenue was also above estimates on a jump in both subscribers and advertising revenue. Pandora also raised its full-year forecast. |
Visa earned an adjusted 74 cents per share for its latest quarter, 15 cents above estimates. The credit card issuer's revenue also surpassed analyst forecasts, and Visa said it was in talks to rejoin former subsidiary Visa Europe. |
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Starbucks saw its latest adjusted earnings per share come in 1 cent above estimates at 42 cents, with revenue in line. The coffee chain was helped by new drinks and increased food sales. Starbucks also announced an increase of 50 million shares in its stock buyback program. |
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Juniper Networks scored a 13 cent beat with adjusted quarterly profit of 53 cents per share, and revenue was also above Street forecasts. The networking equipment maker also gave strong earnings and revenue guidance for the current quarter. |
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| WATERCOOLER |
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Americans will eat nearly 18 percent of the world's chocolate by value in 2015, around $18.27 billion worth, according to data from Euromonitor. Still, the U.S. ranks behind 19 other countries in terms of chocolate intake, including front-runners Switzerland, Austria and German. (CNBC) |
Universal Pictures has greenlit a "Jurassic World" sequel, slated for June 2018. The action-adventure has earned $1.5 billion at the global box office, making it the third highest grossing film of all time. (Reuters) |
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