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Morning Brief: Apple investors say iPhones are bad for kids

Monday, January 8, 2018

What to watch today

In the week ahead, investors will contend with a slow economic and earnings schedule for the first couple days of the week, with small business optimism and job openings data on Tuesday serving as a highlight. But the pace will pick up later in the week with Wednesday’s earnings results from Lennar (LEN) and earnings out Thursday from Delta Air Lines (DAL). Friday will be the week’s busiest day.

On Friday, investors will get December readings on inflation and retail sales along with a flood of earnings from the financial sector, unofficially kicking off earnings season. JPMorgan Chase (JPM), Wells Fargo (WFC), PNC Financial (PNC), and BlackRock (BLK) are all scheduled to report earnings on Friday as the highly-anticipated fourth quarter earnings period gets underway.

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Top news

iPhone and children are a toxic pair, say Apple investors: Jana Partners LLC and the California State Teachers’ Retirement System, or Calstrs, which control about $2 billion of Apple shares, sent a letter to Apple on Saturday urging it to develop new software tools that would help parents control and limit phone use more easily and to study the impact of overuse on mental health. [The Wall Street Journal]

Celgene to buy Impact Biomedicines: U.S. biotech pharmaceutical firm Celgene Corp. said on Sunday that it had agreed to acquire Impact Biomedicines for as much as $7 billion, subject to certain milestones associated with regulatory hurdles and sales performance. Celgene is interested in Impact Biomedicines’ fedratinib, a kinase inhibitor that has shown promise as a potential treatment for a type of blood cancer called myelofibrosis, according to a statement put out jointly by both companies. [Reuters]

In possible boon for White House, Fed ready to lay low:  U.S. Federal Reserve policymakers have come to view President Donald Trump’s tax overhaul as a short-term economic boost that will neither permanently supercharge the economy, or cause an immediate disruption that would require a central bank response, as some analysts have warned. [Reuters]

Poll: 33% of NFL fans ‘purposely stopped watching’ this year: A new survey from SurveyMonkey and Ozy Media, shared first with Yahoo Finance, finds that 33% of NFL fans boycotted the league this year — but not entirely because they were outraged by the player protests. Nearly equal proportions boycotted in support of Colin Kaepernick or the protests as boycotted in support of Trump,  who vocally opposed the protests. [Yahoo Finance]

Yahoo Finance from CES 2018: 

For more coverage of CES 2018, go to Yahoo Finance’s tech page all week

For more of the latest news, go to Yahoo Finance

Frances McDormand accepting the award for best actress in a motion picture drama for her role in “Three Billboards Outside Ebbing, Missouri,” at the 75th Annual Golden Globe Awards in Beverly Hills, Calif., on Sunday, Jan. 7, 2018. NBC censored McDormand’s speech but missed the actual swearword. (Paul Drinkwater/NBC via AP)

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The Morning Brief provides a quick rundown on what to watch in the markets, top news stories, and the best of Yahoo Finance Originals.