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
Welcome to bloomberg surveillance bloomberg surveillance. Im mark barton in london. Festival of Central Banks, we have the ecb to come, the bank of england, the fed here. Down 1 5 of 1 . Uro, little change unchanged since the last ecb season, october 26. Hasnt fallen to one dollar 1587 on November November 7. Sterling up by 1 10 of 1 today. Today, but its politics thats affecting sterling today, having risen since fps last night. Theyre changing their governments planned legislation, so they guarantee they will get a meaningful vote on the final deal to leave the eu in negotiations for 2019. Coming up today on bloomberg surveillance, we will discuss markets with paul donovan, hear from the s p governor thomas jordan. But get to bloomberg first word news with Sebastian Salek sebastian the fed has raised rates by 25 basis points as widely expected. We also have a growth forecast next year, but maintaining projection of hikes 3 hikes in 2018. Saiding chair janet yellen this underlines tha
That coveted triple crown. We have tips before your head out to the park. Good morning, everybody. Youre looking live at lower manhattan. Its gleaming in the sun. Thank you for joining us on this sunday, august 2nd. Summer is moving along. Here we are. Not too fast. Slow down. This is the dog days of summer but with sunrises like that you cant complain. Im tony yates in for michelle charlesworth. Im rob nelson. Good to have you back. Thank you , dear. Michelle is waking up along the beach. Were all jealous of you, michelle. Enjoy this weekend and next weekend off. Going to work with you again. Certainly. You know who is in the house with us this morning. Miss freeze. Right, a my. Looking out over the east another temperatures starting were a stormfree end to the weekend as well. Lows this morning starting cool in monticello in the 50s. Everybody else 60s and 70s over night. Newark had 69, satellite and radar picture, it looks really nice across the area. Wall to wall sunshine as you wa
Charging for parking on milwaukees lakefront. Tonight, residents get to voice their concerns. 12 news terry sater is live at the Washington Park senior center. This is the second of two listening sessions where people are brought together in small groups to give their input and ask questions about the county budget. Right now its free to park on Lincoln Memorial drive as well as the county parking lots. For example, northpoint and mckinley park. The county is trying to close a gap in next years budget by looking for new ways to bring in cash. Its este raise by charging r parking on 1. 5 million the lakefront and , millions more for transportation by charging a vehicle registration fee. Lakefront visitor james brewer is agast it. I think its a bad idea on the strength of the fact that people need to park down here. There is already know where to park. Its restricted. Its just congested. Its not a great idea right now. We are back live. P. M. The conversations will eventually be publishe
Somalia tell new stories the way they want to hear them. Changing the media scene and shifting its focus. Plus, if a child gets a fever, many parents worry that it could be malaria, new Research Finds a way of diagnosing the severe cases and distinguishing them from even more dangerous elements. And is it the else . No, this is africa is to to have become the go to spot for sub saharan skids. Ah, im really mohammed welcome to the program. It sounds like something out of the worst days during the era of whites only rural in south africa. Poor workers striking for better pay and conditions gone down by police as they protest. But the killing of 34 miners in murray qana a decade ago didnt happen under apartheid. But on the watch of the a and c, government and official investigation is blaming police tactics. But nobody has been convicted of the crimes. Thousands of people gathered at the scene of the massacre in murray qana to monk. What they say is the decade of injustice. Families lay f