Comcast drops bid for Fox, eBay disappoints, Microsoft earnings on deck

Yahoo Finance

Here’s a look at some of the companies the Yahoo Finance team will be watching for you today.

Comcast (CMCSA) is waving the white flag in the bidding war for some of 21st Century Fox’s assets. Comcast says it won’t try to top Disney’s $71.3 billion bid for Fox. Instead, the cable giant will focus on its own bid for control of Sky broadcasting. Comcast’s bid for Sky currently tops Disney’s by $13 billion.

eBay (EBAY) is sliding Thursday morning after reporting soft results in the 2nd quarter. eBay beat on earnings, but missed on revenue and reduced its full-year outlook. The company blamed the strengthening U.S. dollar, which it says is hurting international sales. Almost 60% of eBay’s business now comes from international markets.

Microsoft (MSFT) is set to reveal fiscal 4th quarter earnings after the close today. Analysts are expecting revenue to soar above $29 billion. The big thing to watch? Microsoft’s cloud computing business and its sales of cloud and web-based on-demand services. Microsoft is increasingly turning away from traditional software as it plots its future.

If you’re loving McDonalds (MCD) today is your chance to get some free swag. The fast food giant is giving away free ’90s-themed T-shirts with delivery orders through Uber Eats. It’s the second annual Global McDelivery Day and the free stuff comes only at participating restaurants, and with a $5 order.

Prime Day is pushing Amazon’s (AMZN) stock to new record highs. Its market cap now tops $900 billion. Amazon says Echo speakers, Alexa voice remotes and Fire TV sticks were bestsellers on Prime Day. But small- and medium-size businesses that sell through Amazon also won big. Amazon says sales for those retailers topped $1 billion during the 36-hour event.