Disney, of course, as you heard by now, buying various assets of 21st century fox in a deal worth dl more than 66 billion when you include the debt david faber broke the story weeks ago that the two companies were in talks and lo and behold, its soup now. Congratulati congratulations. Thanks. We were reminiscing about the various deals youve broken over the years. Yes, you and i go back to my first big one, British Telecom and mci. 2 22 billion deal in inflation . Exactly that got to the finish line on this one, bill a lot of talking going on between disney and fox and also our Parent Company, comcast and fox. Thats sort of where we want to begin today as we head toward the later parts of the day comcast did compete vigorously for these assets people close to the company indicate, or people close to all the companies involved, that being the people who were advising and so forth, indicate that the bid from comcast, in fact, did have a higher value than what fox accepted from disney we
Good morning, welcome to squawk alley. With me here at post 9, Kayla Tausche back again all three major averages hitting record highs the dow at one point within 150 points of 25,000 its backed away from that a bit, but were still keeping an eye on it. For more, philip swagle and jim paulson, chief investment strategist welcome to both of you jim, we keep hearing simultaneously that the market is rising on tax reform optimism and also that tax reform is priced in. Which is it . Well, its hard to argue that its priced in when it keeps going up every day thats for sure. I dont know what has not been vetted by the market as far as this tax policy is concerned the news has been out there for some time. People got a very good idea exactly what its going to be and already have adjusted their earnings estimates and so forth, so i sort of lean in the camp, too, that even though theyll probably pass it this week, most of that is included in the market here, but its hard to get in front of a one
The Senate Senate Foreign Relations committee is chaired by senator bob corker. Todays hearing is the third in a series of hearing we are holding to evaluate the Nuclear Agreement reached between iran and six world powers. We erd about evaluating the agreement as a whole and todays hearing gives us an opportunity to look at one of the key aspects of the agreement. Sanction relief. Next week we will hear from experts on Nuclear Aspects of the deal. We thank both the guest for being here. It is worth noting real questions about sanction relief remain. On the same day the un passed the deal, iran wrote a letter to the un saying they would treat use of the snap back as grounds to walk out of the agreement. Again, i think you all know this in about 90 seconds at the un last monday and at that moment iran sent a letter refuting the ability to use snap back and that same letter outlines extension of current sanctions is in violation of the agreement. I know we had an exchange where it was ask
Strangle the Nuclear Program in the cradle as often as we could, including throughout the 1990s and beyond that. From the iranian perspective, they could not sign onto a deal that didnt enshrine their deal to have an indigenous Nuclear Energy Program Including enrichment. While that certainly would not have been my preference going into this conversation, i started my job as the guy going after iranian enrichment efforts. The practical reality is we faced a country that was not relinquishing this capability. Address the idea, is there an ail telternative to what were now . If we dont agree with this deal, do we have an alternative . If we dont agree to this deal, the iranians are going to start installing more centrifuges and if we get pack back to the table were going to be doing with centrifug centrifuges. What sanctions unilaterally have impact . I do not believe u. S. Sanctions would not stop irans original program. Senator, i think u. S. Financial power and influences is enormous
Today. Alix a really exciting couple of hours lined up. The theme is Capital Markets. They will be talking about mifid, regulation, tax reform. To help highlight that, i will be joined by david solomon, coceo of Goldman Sachs. Jonathan i want to know who at goldman wants to move from london to frankfurt. Alix nobody. Jonathan nobody i have spoken to. Alix i am asking him that. That is my last question. Jonathan lets get up to speed on the markets. Futures are firmer as we end the winning streak on the s p 500 in yesterdays session. We pop higher. In the fx market, the euro showing a little strength, up 0. 1 as we march toward Mario Draghis decision. In the treasury market, 2. 40 on the u. S. 10year. David thank you so much. Thats get an update on what is making headlines outside the Business World. Emma chandra is here. Emma the Chinese Party has elevated president xi jinping to the same status as mao zedong. It would give xi more power to enact policies after crucial reshuffle tomorro