Sued to be blocked by the Justice Departments antitrust division, having an affect on Corporate America and pending deals. Including our own attempts to sell assets, what it would mean in terms of antitrust, all those deals right now are being recalculated and looked at. Whether these if the Justice Department is not allowing this one to go through, everyone thought it was a slamdunk from antitrust stand point. Would they allow disney to buy foxs studios. They would controls large portion of box office. And comcast to buy content. Will thig they allow verizon toy our content, because they have distribution. It looks like the Justice Department is taking another view of the antitrust. Another aspect. Crazy political cob, donald trump as candidate one said he wanted a spinoff of cnn if this deal of the going through, he said it was too much construction of power, people thought it was a idle threat, but senior aides were actually discussing this topic. By current senior adviser. And othe
Continue in the markets, but a big story involves disney and 21st century fox, a story faber broke at the top of the nine and joins us once again. About one month after we reported on the talks between disney and fox, designed for disney to buy largely all the entertainment assets of 21st century fox, we can tell you now they are closing in on a deal that could be announced as soon as next week, according to people familiar with the situation. That is not to say it is done, but it is to say they have made a great deal of progress talking about a deal for which the consideration will be all disney stock and when you take in the assumption of debt and the equity that will be exchanged for the assets in question, it will amount to more than 60 billion, again according to people familiar with those negotiations. An exact price could not be determined at this point the assets in question include foxs studio, its fx and nat geo cable networks, Regional Sports networks, my first reporting on
Heading our way in an hour and crude inventories not long after that new record at the open but the selloff for tech stocks continues to weigh on the nasdaq and s p. Jack ma, the push to brick and mortar and why jeff bezos struggled in the Chinese Market. A turning point for snap, a key 2018 outlook upgrade shares are up in the premarket. Futures are pointing to a higher open after the record setting day for the dow and s p offset by the sell offin Technology Microsoft and amazon had the biggest impact on the nasdaq and optimism surrounding tax reform. We did manage to get the vote in the house to go to conference with a little bit of drama last night. Jim, you said the reversal yesterday, doesnt bode well well, look, i was doing my show and you posted a little squib about reversal and i did not realize how serious reversal was obviously its more serious for the but i find reversals catch people out of position when youre out of position, you scramble and start reaching for things you
Regional bank bb mpdbb t kelly will join us. Toll brothers, shares down 8 , and some provisions in the tax bill that could make it tough going for the housing sector well explain. By the way, tomorrow lululemon reports earnings that stock has been up 25 over the last six months. Big comeback there we have a debate on whether that rally can power higher into year end. But we start with the breaking news out of washington today. Plenty of it, again. Kayla tausche has details fo kayla . Reporter bill, we learned nearly 40 House Republicans signed on to a letter drafted to be sent tomorrow to republican leadership, including the Senate Majority leader Mitch Mcconnell and Speaker Paul Ryan as well as senator orrin hatch and congressman kevin brady that requests the removal of this first in first out provision its a controversial proposal that has remained in the Senate Version of the tax plan that essentially requires investors to sell older stock first. It would raise about 2. 5 billion ov
Make big money if this cvs deal closes well tell you how much. Trying to count it up coming up first as you know, President Trump made this major announcement on israel today which could destabilize the middle east this coming just a day after carlisles David Rubenstein told cnbc the only thing that the market needs to worry about is an unexpected geopolitical event. The only thing we have to worry about in 2018 or 2019 some unanticipated geopolitical event, the black swan. But right now short of those kind of things i think the economy is reasonably good shape and probably going to be spurred on by the taxbill. Lets get to cnbcs eamon javers for a recap of eat vents. The president decided today to recognize that the capital of israel is in jerusalem breaking with longstanding u. S. Policy the president cast this as simply acknowledging the reality on the ground in jerusalem and said that he was fulfilling a Campaign Promise heres what he said earlier today. Today i am delivering ive j