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Josh lipton joins us with a look at the incredible stock, the incredible year. Hey, josh. Reporter carl, thats right. As 2019 comes to a close, apple investors have plenty of reasons to celebrate that stock has enjoyed a remarkable run surging more than 80 this year. That means apple is on track now for its best year since 2009 another way, it added 530 billion in market cap this year. Thats the equivalent of two netflix, three teslas, with a few billion left over. The nasdaq is market cap weighted, given apples size, it helped to power the index to a record 9,000 level today, most Analysts Covering apple rate it a buy. Nearly 60 in part because they think tim cook with the current lineup of devices will be able to keep iphone revenue relatively flat the next few quarters, even as services and wearables continue to go strongly theyre betting that should be enough to drive Singl ....
Reportedly approached 21st century fox to buy all or parts of the company lets get to Julia Boorstin with the very latest. A developing story, julia, what do you know . Reporter the latest is that comcast is in talks not to buy all of fox but certain assets, the entertainment assets it would not include the broadcast network. Likely a similar assortment of assets that disney was interested in, plus sky in the uk and star in india those two International Assets are particularly important comcast, although its cable assets are here in the u. S. , Nbc Universal is obviously more global but this would really allow comcast to position itself more as an international company. We have confirmed with a source that talks are still happening between fox and disney and it would be with a structure similar to what disney was pu ....
Well talk about that coming up. Speaking of taxes, coca cola ceo tells cnbc what he would do with a Corporate Tax cut well have all of those details coming up. Then theres best buy, its sitting out the rally today. Down pretty sharply. In fact, its off the lows right now. Less than 4 decline is the iphone to blame, iphone x to blame we have a debate on best buy coming up here. We begin, though, with the breaking news. Stocks hitting session highs as the house passes the tax bill. Ylan mui, our intrepid reporter on capitol hill has the latest for us right now ylan reporter bill, that final tally is 227205, that is a comfortable margin of victory for republicans. They said they were going to get this done by thanksgiving. No one really believed them. They were able to pull it off. Republican leadership held a press conference to celebrate. From the very start, we said that failure is not an option and the president and his team have ....
Stitch fix is having its first trading day doing, well lets see, it started out higher it did dip below the 15 ipo price. Its just above that level right now. Does the Subscription Service have ha what it takes to take on amazon a you know there are 2,000 companies in the same business essentially. Im shocked that its that high, actually. Birch box does makeup, and my favorite is the one called bark box for your dog they send treats and other fun things each month. Sounds like its right up your alley i guess President Trump said that he was focused on fair and reciprocal trade in asia during his trip overseas. Larry kudlow is going to weigh in on what that could mean for wall street. And whether investors should be concerned. Larrys not real hes not exactly seeing eye to eye with the president on trade issues ri right now. Thats for sure. We begin today with media merg ....
Rupert murdochs media empire has got bigger today all that changed. Walt disney, led by bob iger, is buying the bulk of mr murdochs 21st century fox. The price is 52. 4 billion. For that disney gets a 39 stake in sky and 20th century fox film studio. Not everythings included. Fox news and fox sports arent, theyll become a new company. Heres bob iger on how the deal got done. I had ihada i had a lot of respect for Rupert Murdoch and what he was able to build over the years. He and i would musing about the industry and the need to reach consumers in the way i described and the Disruptive Forces we broke witnessed in our time in this business. After some musing it seemed to me there might be an opportunity to put our companies together and create something that even bigger than the two that was separate companies. Next the bbcs media editor amol rajan, on why the timing is ri ....