Billion in shares. Disneys already the worlds Top Entertainment company this move gives it an even bigger arsenal of movies and shows as it battles the rise of Online Streaming Services like netflix and amazon. It also marks the end of half a century of empire building by 86 year old Rupert Murdoch as our media editor amol rajan reports. When Rupert Murdoch bought the news of the world in 1968, he was an outsider. But this canny australian with news in his veins made his way to the heart of the establishment in both britain and america, wielding extraordinary influence. From his base in tabloid newspapers, he moved aggressively into film and television, owning studios and networks that entertained hundreds of millions of people. But now, fox has become a division of disney. In a phone conference today, Rupert Murdoch explained his strategy. I know a lot of people will be asking why the murdochs came to such a momentous decision. Are we retreating . Absolutely not. We are pivoting at a
Here in miami. Thanks for having me. [inaudible conversations] please be seated. Good afternoon welcome to the 3h annual book fair. Here at the Honors College we are absolutely delighted to host for you this year. Before we get started there are organizations to think. Please give our foundations around of applause. [applause] we are so fortunate those that care about book fairs and, literacy please give yourselves a round of applause. [applause] as is customary please turn off your cell phone we will have q a at the microphone. Please be brief and concise also assigning area is to the right. Ou this is a special panel because we have one of the founders of the book fair. [applause] that is very kind of you that is very kind of you i have been doing this 31 years i have been at mcmahon for about 5000 authors and never nervous but this is the first time. [laughter] as many of you know i have not kept it a secret im involved with the film called the man who invented christmas it will be
Further support. A final deadline of sunday to prepare a new package of reforms as the block is prepared for a grexit. Microsoft is taking an ax to its work force again. The fresh layoffs will impact the hardware and smartphone business it acquired from nokia last year. In a surprise move barclays announced the departure of Anthony Jenkins. The search for a new ceo takes place. He said we are leaving value on the table and a new approach is required. He added that independent executives had concerned about jenkins leadership style for sometime. Shares under his tenure out performed all over u. K. Banks climbing 51 during that period. In the early years stock gains were boosted by the decision to side step government have since declined. Heres a few reasons why. In may 2014 a result of a Strategic Review lead to the bank cutting 9,000 job. In june 2014 the new York Attorney general opened a dark pools probe and in 2014 they were fined 2. 4 million for forex rigging. The change at the to
Meeting but it does seem hike this really is. He should have said really twice. Or at least three times maybe. This is it. Really really. This is like whackamole. Markets that go down they find a way and its a lot of times not what youre focussing on. Did you think once again well be 8 down . They have a plunge Protection Team like us but its not working at this point. Down 40 the market is over there in three weeks or four weeks. Still up 10 on the year. And 70 in the last 12 months. Its like the wild west. We shouldnt extrapolate everything over here from whats happening over there. But 180 points here or 8 there, maybe thats commensurate. Well wall street journal today, stocks plunged scarier than greece and thats written by the head of emerging markets and global macro at global stanley investment management. They make the point which is hotly debated in the market to what extent does the market crash in china have a Ripple Effect on the chinese economy and that has a Ripple Effect
It is so nice to see it feels nice in the sunshine. Jims just a beacon of light. Halleluiah. Isnt there a song title there. You are the light up my life. Shes singing already. 4 31. I can start singing whenever i want. We have bright sunshine expect yet again today another Beautiful Day coming up here with High Pressure in control and still looks like this pattern will hold out, if you look really closely you can see these speckles of green on the radar. Do not worry about that. Sometimes they show that are not precipitation and that is what this is. Little bit of ground clutter, we will not find any issues today. Nothing but full sunshine is the spectation. Heres other piece of good news, forgo winter coat, in this case here and break out more light fall jacket. We are at 53 in the airport. Fortys every where else, and so it is still cool, granted just not as chilly as last few mornings have been and we will expect to rebound further in full sunshine low to mid 70s from the shore to t