Reportedly approached 21st century fox to buy all or parts of the company lets get to Julia Boorstin with the very latest. A developing story, julia, what do you know . Reporter the latest is that comcast is in talks not to buy all of fox but certain assets, the entertainment assets it would not include the broadcast network. Likely a similar assortment of assets that disney was interested in, plus sky in the uk and star in india those two International Assets are particularly important comcast, although its cable assets are here in the u. S. , Nbc Universal is obviously more global but this would really allow comcast to position itself more as an international company. We have confirmed with a source that talks are still happening between fox and disney and it would be with a structure similar to what disney was pursuing now we see fox shares up 5. 5 on the news, comcast shares over 1 certainly a lot of movement in this media space right now, melissa. Weve had earnings reports since t
Video content distribution have a competitive concern make at t less inclined to pursue joint ventures or future any kind of future ventures with content companies on mobile . I would suggest to you that this lawsuit has the whole world questioning what they will, can, and cannot do. This throws a huge degree of uncertainty to anybody contemplating joint eternities, anybody contemplating. And thats one of the key concerns about this is to take suddenly without any notice and just upturn 50 years of precedent on a transaction like this could have nothing but a freezing effect on commerce in general. So i think that is the significance of this lawsuit thats been draught brought by the department of jut of. So with that, again, we appreciate everybody participating and joining us and thank you, again. Good evening im charles payne. Breaking tonight, at t fighting back. This after the department of justice announced that it will sue to stop the at t merger with time warner from going throu
If you are here in the room, raise your hand and we will get you a microphone. If you are listening on the thenrence, just press star one. If you are listening or watching on the web classed webcast, click the ask a question but very with us is randall stephenson, the chairman and ceo of at t, david mcafee, at t general counsel, and a partner and our lead trial counsel for at t and time warner. Randall . Thank you and good evening. I appreciate everybody coming on short notice. What you are going to hear it are comments from our legal team. I want to make a few points. Obviously, we are surprised to be here. Candidly, i am a bit troubled. Jeff and i entered into this deal with decades of clear legal president demonstrating how this merger would be evaluated. When we announced this deal, the best legal minds in this country agreed that this transaction would be approved since our company do not compete. But, here we are. The government has filed a it stretches the very reach of antitrus
You were going down. 401 k s right now, i met last week in new york city with a very, very fine group of policemen. They were all so happy about their 401 k s. They feel like they are geniuses he said, im up 39 . I see all the guys carrying the booms are smiling. Are you up too yes, he is he has the one thats the highest and the closest. He is a good boomer but he has a big smile on his face, right thank you. Thats very nice they are usually with the press. They wont admit it but he does, because he is beyond the press i just want to say that people are up 30 , 40 , 50 depending on whats in there they are very, very happy. We think we are going to grow that a lot more. We think the economy has a long way to grow. It needs the tax cut and all that money is going to be spent on expanding businesses. We have so many Different Things in this bill that are going to create jobs. For me, this is a bill very simple it is a massive tax cut for the middle class and it is about jobs the jobs are
Underserved rural areas. People who have games would be able to also suffer into for them through investment opportunities. Other state helped wreck capital towards underserved areas to incentivize progress. The historical tax credit that one is a fascinating approach so that you can list the areas that struggle. You get the dollars flowing in the direction in a smart way. One thing we want to regret is that we focus on reform. We need to continue the discussion which is why i say the tax reform is not over and another thing while we are talking about that, we are saying to china, canada, mexico, this isnt going to happen we are not going to fall behind before we respond again we will do what it takes to keep our american competitors competitive keeping the code better for families and workers. Theres no question thats the argument i made earlier about locational Vocational Education and the whole notion of the new markets tax credit. There were opportunities with the block grant money