The daily business briefing: May 10, 2017

Stock futures slip after Trump fires Comey, ESPN content costs clip Disney's earnings, and more

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1. Stocks futures edge down after Trump fires Comey

U.S. stock index futures slipped after President Trump unexpectedly fired FBI Director James Comey Tuesday. S&P 500 futures edged down by 0.2 percent early Wednesday, suggesting a lower open following gains that have pushed stocks into record territory. Dow Jones Industrial Average futures dropped by 0.2 percent, and Nasdaq-100 futures fell by 0.1 percent. Bipartisan criticism of Trump's decision threatened to undermine his support, casting fresh doubt on the prospects of promised tax and regulation cuts that have lifted markets since Trump's election. The stock ripples show how "markets are still wary of an unpredictable president," said Hantec Markets analyst Richard Parry in a note.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.