Shutdown continues; Netflix earnings; Pharma takeover

1. Government shutdown continues: The U.S. government shutdown enters its third day on Monday, with ...

Posted: Jan 22, 2018 1:53 PM
Updated: Jan 22, 2018 1:53 PM

1. Government shutdown continues: The U.S. government shutdown enters its third day on Monday, with the Senate scheduled to vote at noon on a bill to reopen it for three weeks. However, it is still unclear whether the proposal will garner enough support from Democrats to pass.

While a brief shutdown won't have a significant economic impact, a prolonged disruption to government services could result in a hit. The last government shutdown -- which lasted more than two weeks in October 2013 -- cost an estimated $20 billion, according to an estimate from Moody's Analytics.

In Germany, months of political deadlock were broken Sunday when the center-left Social Democrats voted to begin formal coalition talks with Chancellor Angela Merkel's center-right party, a move that brings a new Merkel-led administration closer to reality.

U.S. stock futures dipped on Monday, while Asian markets ended marginally higher and European markets were mixed.

2. Netflix reports earnings: The online streaming giant will release earnings for the quarter ended December after the close on Monday, revealing the impact of its most recent increase in subscription prices. Netflix raised the cost of its standard monthly subscription by $1 and the cost of its premium subscription by $2 in early October.

The company behind hit shows like "The Crown," "Stranger Things" and "House of Cards," added over 5 million new subscribers in the previous quarter and expects to add another 6 million in the three months to December. It plans to spend $8 billion on shows and movies in 2018.

Netflix's stock price has gone up more than 60% over the past year.

Logitech Intl SA and TD Ameritrade are also set to report earnings after the close, while Halliburton and Wynn Resorts plan to release earnings before the open Monday.

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3. Pharma takeover: Sanofi announced a deal to buy biotech firm Bioverativ for $11.6 billion. The French pharmaceutical group will pay $105 in cash for each share of Bioverativ, which specializes in treatments of hemophilia and other rare blood disorders.

The agreed offer represents a 64% premium over Bioverativ's closing price on Friday.

"Together, we have a great opportunity to bring innovative medicines to patients worldwide," Sanofi CEO Olivier Brandicourt said in a statement.

Sanofi shares dropped more than 3% in in Paris on Monday morning.

4. Friday market recap: The Dow Jones industrial average was up 0.2%, while the S&P 500 was up 0.4% and the Nasdaq was up 0.6%.

The S&P 500 and Nasdaq both ended the week at record highs, while the Dow gained 54 points to close near an all-time high.

GE, one of America's most iconic companies, had its worst week since March 2009 after plunging 13%. The firm will report its latest earnings on Wednesday.

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5. Coming this week:
Monday -- Netflix earnings.
Tuesday -- Procter & Gamble, Verizon, United, Johnson & Johnson earnings; Davos starts; NAFTA talks resume.
Wednesday -- Comcast, Ford, GE earnings.
Thursday -- American Airlines, JetBlue, Southwest, Caterpillar, Intel, Starbucks earnings.
Friday -- Honeywell earnings, Q4 GDP.

Minnesota Coronavirus Cases

Data is updated nightly.

Cases: 540277

Reported Deaths: 7022
CountyCasesDeaths
Hennepin1125861667
Ramsey46611846
Dakota41151414
Anoka37226413
Washington24233273
Stearns20532215
St. Louis16380295
Scott15455116
Wright14317124
Olmsted1256996
Sherburne1020879
Carver946043
Clay765189
Rice7408100
Blue Earth676840
Kandiyohi618879
Crow Wing591786
Chisago535648
Otter Tail531673
Benton518396
Mower446032
Winona434549
Douglas432170
Goodhue429871
Nobles396147
Morrison382859
McLeod381154
Beltrami365057
Isanti360159
Polk358966
Itasca356851
Steele346614
Becker344848
Lyon341848
Carlton322152
Freeborn319429
Pine305321
Nicollet298542
Brown289139
Mille Lacs269547
Le Sueur265022
Todd264830
Cass241426
Meeker227037
Waseca225820
Martin209029
Wabasha19793
Roseau194018
Dodge16794
Hubbard167641
Renville167443
Redwood163335
Houston161814
Cottonwood151420
Fillmore15039
Pennington148419
Chippewa143636
Faribault141619
Wadena139820
Sibley132110
Aitkin126736
Kanabec124921
Watonwan12429
Rock120918
Jackson113010
Yellow Medicine108218
Pipestone107225
Murray10149
Pope9906
Swift97118
Marshall83717
Stevens79010
Lake77819
Wilkin75412
Clearwater75314
Koochiching74312
Lac qui Parle73022
Big Stone5544
Lincoln5532
Grant5388
Norman5119
Mahnomen4898
Unassigned48578
Kittson44322
Red Lake3796
Traverse3585
Lake of the Woods2932
Cook1440

Iowa Coronavirus Cases

Data is updated nightly.

Cases: 354875

Reported Deaths: 5797
CountyCasesDeaths
Polk55489598
Linn20153329
Scott18692234
Black Hawk15460306
Woodbury14773219
Johnson1384380
Dubuque13023202
Dallas1082196
Pottawattamie10612160
Story1024447
Warren548286
Clinton530789
Cerro Gordo518586
Webster506091
Sioux502673
Marshall476274
Muscatine454796
Des Moines439065
Wapello4245120
Buena Vista420940
Jasper406270
Plymouth393779
Lee366655
Marion353975
Jones292055
Henry285337
Bremer278260
Carroll277650
Crawford261539
Boone256131
Benton248955
Washington247849
Dickinson238643
Mahaska223049
Jackson216842
Kossuth211461
Clay208325
Tama206371
Delaware200939
Winneshiek192533
Page189020
Buchanan187331
Cedar182623
Fayette182641
Wright178635
Hardin178542
Hamilton176949
Harrison174673
Clayton165355
Butler161834
Mills157420
Cherokee156438
Floyd154342
Lyon153541
Poweshiek152133
Madison151919
Allamakee149051
Iowa144624
Hancock142634
Winnebago135331
Grundy134832
Cass133954
Calhoun133011
Jefferson130535
Emmet127140
Shelby126537
Louisa126049
Appanoose125847
Sac125819
Mitchell125241
Union123732
Chickasaw122015
Humboldt117926
Guthrie116728
Franklin112321
Palo Alto109622
Howard102622
Unassigned10030
Montgomery99737
Clarke98023
Keokuk94330
Monroe93128
Ida88533
Adair84032
Pocahontas83021
Monona80430
Davis79824
Greene76310
Lucas74822
Osceola73716
Worth6978
Taylor64812
Fremont60410
Decatur5889
Van Buren55318
Ringgold53322
Wayne51823
Audubon4939
Adams3264
Rochester/St. Mary'S
Cloudy
42° wxIcon
Hi: 55° Lo: 43°
Feels Like: 37°
Mason City
Cloudy
43° wxIcon
Hi: 59° Lo: 42°
Feels Like: 34°
Albert Lea
Cloudy
45° wxIcon
Hi: 57° Lo: 41°
Feels Like: 38°
Austin
Cloudy
46° wxIcon
Hi: 57° Lo: 42°
Feels Like: 39°
Charles City
Cloudy
46° wxIcon
Hi: 59° Lo: 43°
Feels Like: 39°
Drier conditions for the weekend
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