NEW YORK (CNNMoney)
The big indexes -- the Dow, the S&P 500 and the Nasdaq -- all started the day in positive territory, but they are now flat.
Here's are some things to watch:
1) Burger bounce: Jack in the Box and Wendy's both reported their quarterly earnings, and the results are mixed. Jack in the Box (JACK), up 9%, surpassed expectations for revenue and earnings. Wendy's (WEN), on the other hand, is flat after its results showed that sales were good but profits weren't quite what Wall Street wanted. Both companies reported same-store sales growth, a sign that more people are coming into their stores.
Related: Which fast food chains have the unhealthiest combos?
2) Adidas reports big drop in golf sales: Global sportswear giant Adidas (ADDDF) reported quarterly results that fell just short of analyst estimates, with better sales numbers overall, but shrinking profits and margins. Notably, its TaylorMade and Adidas Golf sales are down more than a fifth from the same period last year. Adidas shares are down more than 3%.
Related: Three reasons golf is in the rough
3) Netflix binges on revenue: Netlfix (NFLX, Tech30) now has more subscriber revenue than HBO. Netflix CEO Reed Hastings wrote in a Facebook post yesterday: "They still kick our ass in profits and Emmy's, but we are making progress." Netflix shares are up 2%.
4) Break-up boost for Fox: Shareholders are happy that Twenty-First Century Fox (FOXA) has squashed any potential deal to buy Time Warner (TWC) (the parent company of CNN and CNNMoney). Rupert Murdoch reiterated Wednesday that the decision to walk away from the deal is "resolute."
Fox shares are 7% higher today, which is on top of the gains it registered when it first said it withdrew its $80 billion bid. Time Warner shares are down about 2%.
Related: Fox's Rupert Murdoch says offer withdrawal is "resolute"
5) Overseas markets -- Europe goes negative: Things are turning negative in Europe, where the European Central Bank left interest rates unchanged and reiterating its commitment to "do whatever it takes" to keep Europe's economy stable (though it came short of announcing new asset purchases). The Euro Stoxx 50 index is down about 0.4%, as is the U.K.'s FTSE 100. The Bank of England also left rates alone.
But the latest news about Russia's ban on European fruit and vegetable imports seems to be impact markets.
Asian stocks were broadly lower, though Japan's Nikkei snapped a brief losing stream with a 0.55% gain.
First Published: August 7, 2014: 10:05 AM ET
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