Morning Brief: US moves to retard AT&T-Time Warner deal

Friday, Jul 13, 2018

What to watch today

On Friday, investors will spin their courtesy to second-quarter gain season, that unofficially gets underway with JPMorgan (JPM), Citi (C), Wells Fargo (WFC), and PNC Financial (PNC) all set to news before a bell.

Results out of JPMorgan, a country’s biggest bank by assets, and Wells Fargo will expected be a many closely watched, as explanation from JPMorgan CEO Jamie Dimon tends to squeeze headlines and Wells Fargo stays underneath inspection from regulators.

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Top news

US to interest capitulation of ATT merger of Time WarnerThe U.S. Justice Department pronounced on Thursday it would interest a sovereign judge’s capitulation of ATT Inc.’s (T) $85.4 billion merger of Time Warner, lifting a awaiting hardly a month after a understanding sealed that it could be undone. [Reuters]

Trump says May’s Brexit devise kills wish of a U.S. trade deal: President Donald Trump directly criticized Prime Minister Theresa May’s Brexit strategy, observant it had substantially killed off wish of a U.S.-British trade understanding and that she had unsuccessful to take his recommendation on how to negotiate with a European Union. In an talk published only hours before he was due to have lunch with May and tea with Queen Elizabeth on Friday, Trump chided a “very unfortunate” formula of a primary minister’s Brexit negotiation. [Reuters]

China’s trade over-abundance with US hits record: China’s trade over-abundance with a United States swelled to a record in Jun as a altogether exports grew during a plain pace, a outcome that could serve irritate a sour trade brawl with Washington. China’s trade over-abundance with a U.S., that is during a core of a tariff tussle, widened to a record monthly high of $28.97 billion, adult from $24.58 billion in May, according to Reuters calculations. [Reuters]

Fast-food bondage determine to finish ‘no-poaching’ policies: Seven inhabitant fast-food bondage have concluded to finish policies that retard workers from changing branches — tying their salary and pursuit opportunities — underneath a hazard of authorised movement from a state of Washington. [AP]

JJ to compensate $4.7B in Missouri asbestos cancer case: A Missouri jury on Thursday systematic Johnson Johnson (JNJ) to compensate a record $4.69 billion to 22 women who purported a company’s talc-based products, including a baby powder, enclose asbestos and caused them to rise ovarian cancer. The outcome is a largest JJ has faced to date over allegations that a talc-based products means cancer. [Reuters]

Bezos skeleton to assign during slightest $200,000 for space rides: Jeff Bezos’s rocket association skeleton to assign passengers about $200,000 to $300,000 for a initial trips into space subsequent year, dual people informed with a skeleton said. Potential business and a aerospace attention have been fervent to learn a cost of a sheet on Blue Origin’s New Shepard space vehicle, to find out if it is affordable and either a association can beget adequate direct to make a distinction on space tourism. [Reuters]

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