Employee unions, jenna. Mike and julie, the union tells me that they are preparing federal workers for this possibility that they might be working but not get their paychecks. And they say all americans could suffer with to services if congress cant reach a deal. Congress is facing a budget crisis that could push the nation into a Government Shutdown by saturday. On monday, House Speaker Kevin Mccarthy voiced optimism that a handful of republican holdouts might finally agree to a compromise. Apparently, theyre willing to work now. Mccarthy and moderate republicans had worked out a deal with democrats, but faced open revolt by republican hardliners led by florida congressman matt gaetz and fueled by former president donald trump, who over the weekend sent on social media. Unless you get everything, shut it down. The House Speaker blasted that idea on monday. Why would they want to stop paying the troops or stop paying the Border Agents or the coast guard . I dont understand how that mak
Bob iger is about to join us as disney buys a big chunk of 21st century fox. Retail sales up 0. 8. But we know what the lead is today. Yep, we finally got the deal weve been talking about now for more than a month, of course disney buying those fox assets that weve detailed time and again over this last, lets call it, five weeks or so since we first brought the story to you of the talks between the two it is a large deal, to say the least. Depends on how you want to value the equity right now, at current prices, and if you take into the considerations that minority interests, its about 55 billion in equity. Some 515 million shares of disney will be exchanged for the fox businesses that are going to be sold to disney. Were talking about a deal with an enterprise value of 69 billion. Theyll take on 14 billion worth of debt. Tax liability which i finally got clarity on, 8. 5 billion to fox. That is the spinco, could come down as a result of tax reform, the lower tax rate and that will hav
Weather and traffic, david is off, meteorologist karen rogers has accuweather and matt pellman has traffic. Good morning. Reporter well be heading to work and school this morning, with work people are sleeping in. Reporter its nice to be happy about something great. Satellite and radar showing us we have clouds in the region and drizzle and fortunately we have mild temperatures, so its just drizzle it is not icing as you head out this morning, no worries. Temperatures are zooming up there. Our mild trend thinnest, we start with Storm Tracker 6 live double scan showing us we have a little bit of drizzle here an there, youre about to see it move through the city here and there. We have a touch in reading and dover and cape may and Atlantic City and surf city not terribly wet. The heavier rain comes later tonight and into tomorrow. Today is a mild day, 44 degrees for the valley. We have temperatures, 55 the high, mostly cloudy skies, its mild, peeks of sunshine, starting off with a good a
The winds it will feel like the 40s. Clouds increasing from the west. A broken line of showers pushing in from the ohio valley. That moves into our neck of the woods overnight tonight and that will set up a rain stretch of weather tomorrow in the morning and after. Today, comfortable and mild high of 57. When i come back ill time everything out on future tracker 6 for tomorrows rain and theres a chance of the light snow monday into tuesday, ill have that as well. Thank you for the update. 18 hours from super bowl sunday. Philadelphia police are optimistic for a super bowl win which means added security for the post game celebrations. Businesses have plans to keep celebration safe for everyone. Reporter officials got a preview of things could look like last sunday when the eagles beat the vikings. Hot spots like this at frankford and cottman mayfair grew into the thousands. Were optimistic about the eagles victory. We know the crowds will be much larger. As a result we have to be progra
First things first. Lets check on markets. We are expecting about half an hour from now the Spanish Deputy Prime Minister to make a statement on catalonia. Stocks in europe nudging higher. Miners gaining. Oils also gaining. The euro weakening a touch. Spanish stocks falling. Lets get straight to the bloomberg first world news. His sebastian salek. Sebastian kurtz has declared victory. A win for his Peoples Party would shift the politics to the right. It is also seem to have paved the way for the eurosceptics party to be in government. Angela merkel has to talks this week in a more moral position after her party suffered defeated lower saxony. Its her worst result in lower saxony since 1969. The worlds top central banker is for that inflation will stay low for much longer and they will push ahead with plans to tighten Monetary Policy. Janet yellen thinks u. S. Prices will accelerate despite a. Of softness. Is that theuess software easily not persist and with an ongoing straightening of