SNF Wins The Night But Loses Viewers: LIVE MARKETS BLOG

 | Dec 11, 2017 | 4:15 PM EST
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Here's what happened on Wall Street Monday, December 11.

Dow Jones Industrial Average and S&P 500 both closed at record highs Monday, as markets shook off uncertainty following a terrorist attack in New York City to close trading on a positive note. 

The Nasdaq was the markets' biggest gainer, however, climbing 0.51% while the Dow and S&P rose 0.23% and 0.32% respectively. 


Teva Announces Generic Viagra Pill

Shares of Teva Pharmaceutical (TEVA) were up more than 2% Monday afternoon after the company announced it was launching a generic version of Pfizer's PFE popular Viagra pill. 

The erectile dysfunction pill is one of the most popular drugs on the market, but it doesn't have wide competition due to a patent that does not expire until 2020. However, Teva negotiated a deal to launch its own generic version in 2013. 

Pfizer is also being proactive about the coming patent expiration, announcing plans to launch its own generic version of the $65-a-pill remedy. 


Job Openings Fell to 6 Million in October

The U.S. Labor Department estimates that nearly 6 million jobs were available at the end of October, down from the 6.18 million openings at the end of September. 

Total hires rose 4.4% to 5.55 million, indicating that even as employers seek fewer workers they are still looking to add staff. Restaurants, hotels, the healthcare sector, manufacturers and financial service sectors led in hiring during the month. 

On Friday, the government estimated that employers added 244,000 jobs in October and 228,000 in November. 


SNF Wins The Night But Loses Viewers

NBC's (CMCSA) broadcast of Sunday Night Football was the highest-rated primetime show of the night, scoring an 11.6 metered market rating. However, viewership for the game between the Pittsburgh Steelers and Baltimore Ravens was the lowest-rated Sunday night game in four weeks. 

The game was down week to week and year to year. 


Fitbit Settles Lawsuit

Shares of Fitbit (FIT) were up nearly 4% after the company announced that it reached a global settlement with former wearables maker Jawbone. The settlement ends all outstanding civil litigation after Jawbone sued Fitbit in 2015 claiming that the company stole trade secrets and market research.

The terms of the settlement were not publicized by either company. 


DOJ Ends 5-Year Deferred Prosecution Against HSBC

HSBC (HSBC) shares were up more than 1% Monday morning after the bank announced that its five-year-old deferred prosecution agreement with the Department of Justice pertaining to money-laundering activities with Mexican drug cartels had expired. 

"HSBC is able to combat financial crime much more effectively today as the result of the significant reforms we have implemented over the last five years," Chief Executive Officer Stuart Gulliver said. 

HSBC paid a then-record $1.9 billion settlement in 2012 for helping Mexican drug cartels launder money and for breaching international sanctions by doing business with Iran. 


Verizon to Pay $1.5 Billion Over 5 Years for NFL Streaming Rights

What ratings decline?

Verizon (VZ) announced that it is re-upping its contract with the NFL for game streaming rights, with Recode reporting that it will pay more than $1.5 billion over the next five seasons. That price tag is up from the $1 billion Verizon paid for rights in its expiring deal with the league. 

Unlike the last deal, the streams won't be exclusive to Verizon subscribers. The company plans to use the NFL to draw people to its other properties like Yahoo, AOL, go90 and Complex. 

The new deal kicks off January 2018 with streaming of the NFL playoffs on Yahoo and Yahoo Sports in addition to go90 and the NFL mobile App. 

"We're making a commitment to fans for Verizon's family of media properties to become the mobile destination for live sports," said Lowell McAdam, Chairman and CEO of Verizon Communications. "The NFL is a great partner for us and we are excited to take its premier content across a massive mobile scale so viewers can enjoy live football and other original NFL content where and how they want it."


Carl Icahn Looks to Put His Stamp on Xerox Board

Activist investor Carl Icahn nominated four directors for Xerox' (XRX) board following the resignation of a former member over disagreements with the rest of the board. 

The resignation of Jonathan Christodoro, a former managing director of Icahn Capital, triggered the termination of a standstill agreement between Icahn and the company. Christodoro is also one of the four board members being nominated by Icahn. 

"As you know, the Board has been addressing issues I consider vital to Xerox's current and future wellbeing. Until the last few weeks, it appeared that the Board's decisions would be consistent with my views on the best interests of Xerox and our shareholders. It now appears, however, that the Board will make decisions and take Xerox in a direction with which I strongly disagree," Christodoro said in an SEC filing. 

"My resignation terminates the June 27, 2016 agreement between Xerox and the Icahn Group. I will be joining it and its other nominees, Keith Cozza, Jay Firestone and Randolph Read, in seeking election to the Board."


Bitcoin Futures Make a Splash in Trading Debut

Bitcoin futures debuted on the Cboe Global Markets exchange Sunday night, rising as much as 26% quickly out of the gate and triggering two temporary halts designed to calm markets in the event of a trading spike. 

One month futures contracts for digital currency were up 13% from its opening at $17,450 while two-month contracts were trading at $18,880 and three-month contracts were trading at $19,040, according to Reuters

The price of bitcoin was up 10.1% Monday morning to $16,556.27.


Premarket

U.S. futures contracts were rising ahead of the opening bell, indicating a strong opening for markets as investors look to start the week on a good foot. 

Dow Jones Industrial Average futures contracts were leading the way higher, rising 0.21% while Nasdaq and S&P 500 futures rose 0.13% and 0.08% respectively. 

World Markets were also performing well Monday, especially in Asia where the Hang Seng in Hong Kong closed trading up 1.14% while the Shanghai Composite gained 0,98% and the Nikkei in Japan rose 0.56%.

In Europe, the CAC 40 was the lone major average in the red, down 0.13% while the DAX in Germany held on to modest gains and the FTSE 100 in the U.K. rose 0.48% with about four hours left in trading. 

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