Updated from 6:01 a.m. ET
 
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Here are five things you must know for Monday, Aug. 7:
 
1. -- U.S. stock futures were higher on Monday, Aug. 7, as a mostly positive jobs report for July fueled another record close for the Dow Jones Industrial Average.
 
The Dow rose 0.28% on Friday, Aug. 4, securing a new all-time closing high of 22,085. That marked the blue-chip index's eighth straight record and ninth day in the green.
The U.S. economy added more jobs than anticipated in July. Nonfarm payrolls rose by 209,000 last month, according to the Labor Department, above consensus of 180,000. The unemployment rate decreased by 10 basis points to 4.3%, as expected, matching the 16-year low reached in May. Average hourly earnings increased 0.3% month over month, in line with estimates, and have risen 2.5% over the past 12 months.
 
European shares traded mixed on Monday. Asian stocks finished the trading session mostly higher, with Japan's Nikkei 225 rising 0.5%.
 
The economic calendar in the U.S. on Monday is quiet but two Federal Reserve officials will be making the rounds: St. Louis Federal Reserve Bank President James Bullard will discuss the U.S. economy and monetary policy at the America's Cotton Marketing Cooperatives 2017 Conference in Nashville, at 11:45 a.m. ET, while Minneapolis Fed President Neel Kashkari is scheduled to take part in a moderated audience Q&A session at the Sioux Falls Rotary Club event in Sioux Falls, S.D., at 1:25 p.m.
 
2. -- Masayoshi Son, the CEO of Sprint Corp.'s ( S) parent company, Softbank Group Corp. ( SFTBY) , said that Monday that Sprint was nearing deal.
 
Son said Monday during Softbank's first-quarter earnings call that he "expects to be able to decide on an integration partner for Sprint in the near future." 

Son's comments follow a report from Bloomberg that said Sprint has resumed preliminary talks about a merger with Deutsche Telekom-owned T-Mobile US Inc. (TMUS) , as Son looks for ways to build scale foe the carrier amid increasing competition in the U.S. wireless market.

Sprint reportedly started talks after its exclusive negotiating period with Comcast Corp. ( CMCSA) and Charter Communications Inc. ( CHTR)  expired at the end of July, the sources told Bloomberg. 

3. -- Berkshire Hathaway Inc. (BRK.A)  saw profit slide 15% in the quarter ended in June as the second straight quarter of insurance-underwriting losses overpowered gains at two of billionaire CEO Warren Buffett's biggest acquisitions: Burlington Northern railroad and aerospace supplier Precision Castparts. 

Earnings of $2,592 a share in the second quarter came in below analysts' forecasts.

The underwriting portion of Berkshire's insurance business posted a loss of $22 million, narrower than the $267 million in the first three months of 2017 but a sharp reversal from the profit a year earlier. The dour performance was driven by a $400 million loss in Berkshire Hathaway Reinsurance Group, which provides coverage for insurers worldwide and received unexpected claims related to hurricanes and earthquakes in 2016.

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