Here are five things you must know for Monday, April 15:
1. -- Stock Futures Point to a Mixed Start for Wall Street
U.S. stock futures were mixed Monday as investors awaited earnings from two of Wall Street's biggest banks and monitored developments in U.S.-China trade negotiations.
Contracts tied to the Dow Jones Industrial Average rose 17 points, futures for the S&P 500 were up 0.50 points, and Nasdaq futures fell 2.50 points.
Treasury Secretary Steven Mnuchin said over the weekend that that the U.S. and China - the world's two largest economies - were moving closer to a trade agreement.
Mnuchin, speaking Saturday on the sidelines of the International Monetary Fund and World Bank spring meetings, said the U.S. and China held phone discussions last week and he wasn't sure if more face-to-face meetings would be needed. Mnuchin didn't give a timetable for when negotiations might be completed, the Associated Press reported.
Reuters, meanwhile, reported that U.S. negotiators have tempered demands that China curb industrial subsidies as a condition for a trade deal after strong resistance from Beijing. Negotiators have become resigned to securing less than they would like on curbing those subsidies and are focused instead on other areas where they consider demands are more achievable, Reuters added, citing sources.
Asian shares traded mostly higher Monday on hopes the two sides were getting closer to reaching a deal.
The economic calendar in the U.S. Monday includes the Empire State Manufacturing Survey for April at 8:30 a.m. ET.
2. -- Citigroup and Goldman Sachs Lead Monday's Earnings Calendar
3. -- Caesars Reportedly to Name Anthony Rodio as CEO, Evaluate Takeover Interest
Casino operator Caesars Entertainment (CZR) - Get Report is preparing to name Anthony Rodio as its next CEO and say it will evaluate takeover interest it has received, The Wall Street Journal reported, citing people familiar with the matter.
Rodio, who currently serves as CEO of privately held Affinity Gaming, will replace departing Caesars CEO Mark Frissora and take his seat on the board, the Journal reported.
Caesars also is expected to announce that it has formed a board committee to work with bankers at PJT Partners to evaluate takeover interest, some of the people told the Journal.
The casino operator has received interest from Eldorado Resorts (ERI) - Get Report and Golden Nugget and already has given those two bidders access to its financial records to conduct due diligence, some of the people told the Journal. Activist investor Carl Icahn, who controls roughly 18% of Caesars stock, has been pushing the company to consider Rodio as its next CEO and to sell itself.
The New York Post last week said Caesars, owner of the Harrah's and Bally's hotels and casinos, would soon put itself up for sale.
4. -- Waste Management Buys Smaller Rival in $4.9 Billion Deal
The Wall Street Journal reported earlier the deal could be announced Monday.
Waste Management will pay $33.15 a share in cash for Advanced Disposal, which represents a 22.1% premium to Advanced Disposal's closing price Friday of $27.14. Including debt, the deal is worth $4.9 billion.
Advanced Disposal shares rose 19% in premarket trading Monday to $32.31. Waste Management rose 3.2% to $105.
The transaction merges the No. 1 and No. 4 companies in the sector and would rank as one of the biggest solid-waste company acquisitions in more than a decade. It also is Waste Management's biggest acquisition in its history, according to the Journal.
5. -- Tiger Woods Wins the Masters
Tiger Woods won his fifth Masters title on Sunday, shooting a 2-under 70 for a one-stroke victory.
It was Woods' 15th major championship but it was his first since the 2008 U.S. Open. The win also was the first time Woods ever had come from behind on the final day to win a major championship, leaving him three behind Jack Nicklaus' record of 18 major titles.
"To think a 43-year-old who has experienced every high and every low, and has just won his 15th major is chasing the same dream as a three-year-old," said the ad.