Updated from 6:02 a.m. EDT
 
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Here are five things you must know for Monday, March 20:

1. -- U.S. stock futures were lower and European stocks declined Monday after G-20 Finance Ministers and central bankers meeting over the weekend dropped a long-standing reference to the pursuit of free and open trade and a pledge to oppose trade protectionism because of resistance from the Trump administration.

The G-20 dropped language from last year's statement that called on it to resist "all forms" of protectionism. U.S. Treasury Secretary Steven Mnuchin tried to downplay the wording issue. Mnuchin said prior language was "not really relevant" and that Washington still supports free trade, the Associated Press reported.

Wall Street ended last week with modest gains following the Federal Reserve's decision last Wednesday to pull the trigger on an interest rate hike.

The S&P 500 increased 0.24% last week, the Dow Jones Industrial Average rose 0.06%, and the Nasdaq gained 0.67%.

On Monday, the economic calendar in the U.S. includes the Chicago Fed National Activity Index for February at 8:30 a.m. EDT, while Chicago Federal Reserve Bank President Charles Evans will speak at the New York National Association for Business Economics Luncheon at 1:10 p.m.

Movado (MOV - Get Report)  reported fiscal fourth-quarter net income of 22 cents a share, a penny below analysts' estimates. The luxury watch maker said Monday it would reduce its workforce, primarily in North America and Switzerland, because it expects the retail environment to remain "difficult" in 2017.

Movado expects full-year earnings of $1.40 to $1.55 a share, with revenue in the range of $515 million to $530 million.

2. -- Jeff Jones, president of Uber, has departed the ride services company, it was reported over the weekend.

A spokesman for Uber said Jones quit the company less than seven months after being hired.

Related: A Recent Resignation Signals Uber's Rough Ride Is Far From Over

Recode reported Jones quit because of "the multiple controversies there," including recent allegations of rampant sexism and sexual harassment at the company.

Jones was poached in August from Target, where he served as chief marketing officer. In a blog post written when Jones joined Uber, CEO Travis Kalanick said that Jones would become president of Uber's ridesharing business in part to improve its reputation. Jones previously worked at ad agency Leo Burnett and at Coca-Cola and Gap.

Despite Jones' best efforts, the public perception of Uber has deteriorated in just the past few weeks, including controversy and boycotts surrounding Kalanick's participation on Donald Trump's business advisory council, an internal investigation into Uber's treatment of its female employees, a New York Times expose of its "Greyball" program to circumvent regulators, and a leaked video of Kalanick berating an Uber driver.

3. -- Albertsons, the grocery-chain operator backed by Cerberus Capital Management, has held preliminary talks to merge with Sprouts Farmers Market (SFM - Get Report) , people with knowledge of the matter told Bloomberg.

The discussions, which took place in recent weeks, are at an early stage and may not lead to a deal, the people told Bloomberg. The talks have involved a plan to take organic grocer Sprouts private and add it to Albertsons' portfolio, which includes eponymous grocery stores and the Safeway store brand.

Representatives for Cerberus and Sprouts didn't immediately respond to requests for comment from Bloomberg outside of normal business hours.

Sprouts, based in Phoenix, has a market value of $3 billion. 

4. -- Vodafone (VOD)  said Monday that it is merging its subsidiary in India with Idea Cellular, creating the country's largest telecommunications operator with more than 400 million customers.

The deal merges the two operators -- with a combined enterprise value of $23.3 billion -- and completes talks that were confirmed by Vodafone in late January. Vodafone will own 45.1% of the combined company, after transferring a stake of 4.9% to the Aditya Birla Group for around $579 million. Aditya Birla will own 26% and have the right to acquire more shares from Vodafone over time.
 
"The combination of Vodafone India and Idea will create a new champion of Digital India founded with a long-term commitment and vision to bring world-class 4G networks to villages, towns and cities across India," said CEO Vittori Colao. "The combined company will have the scale required to ensure sustainable consumer choice in a competitive market and to expand new technologies -- such as mobile money services - that have the potential to transform daily life for every Indian. We look forward to working with the Aditya Birla Group to create value for all stakeholders."

5. --  Walt Disney's (DIS - Get Report)  live-action Beauty and the Beast opened with an estimated $170 million in North American ticket sales and set a new high mark for family movies.

Beauty and the Beast blew past the previous record-holder for G- or PG-rated releases, according to studio estimates Sunday. 

The movie scored the year's top opening so far and a new best for March releases, and it ranks seventh all-time, not accounting for inflation, according to the Associated Press.

The film was made for about $160 million.