Hurricane irma is a category 4 sthoorm cou storm. The path is still you unseuncer puerto rico and florida are areas of interest. Here are the big corporate stories. United technologies buying Rockwell Collins for 23 billion. Under the deal, rockwell Share Holders will receive 140 per share in cash and stock. Thats an 18 premium to the Closing Price on august 3rd. The Companies Say the Aerospace Systems segment would be combined to create collins Aerospace Systems which would save 5 billion by the fourth year of completion greg hayes will join our colleagues on squawk on the street later this morning that happens at 9 30 a. M. Eastern time. Lego announced plans to lay off 8 of its work force lego reporting a 5 drop in revenue for the first half of the year the company said most of the 1400 job cut also happen s wille end of 2017. And Rovio Entertainment is planning an ipo. The mobile games studio will list shares in helsinki in a move looking to boost growth the Company Finally returned
Drain your swamp over producer harvey Sexual Harassment scandal. Many saying he is not the only one. And nfl owner pushing back on their players flag protest. And now ceo based in puerto rico, saying youve got to drain yourself of incompetence and corruption. Thats what he calls it. Weve got all of those stories for you tonight. Welcome to risk and reward. Im elizabeth macdonald. Now first to your moan. The stock market rally still hanging in tight. Powering ahead. It is the strongest market in decades. The dow ending mixed today. But heres whats going on. Investors are enthusiastic as President Trump cuts back on regulatory state. That grew to massive proportions. More than 5 trillion in stock market values added to your 401 k s and stock since President Trump was elected. And today, the regulatory roll back, the draining of the swamp begins. Epa all right. Scott pruitt announcing that the Trump Administration will get rid of a big obama Regulatory Program to curve emissions from coal
Weinstein, only after more actresses stepped up to say he harassed them, too. Gwyneth paltrow, angelina jolie, mira sorvino and more. Welcome to risk reward, im elizabeth macdonald. The socalled arbiters of American Culture, the ugly underside of both tonight. Fans expect movies and football to be an escape from all things political. Now at risk of getting sacked by millions of fans across the country. Both are at risk of fans leaving due to cord cutting and streaming. Hitting the ratings across the board. The nfl polling on protests almost universally terrible. Ticket sales and ratings slipping and sliding. Hollywood just saw its Worst Summer Box Office in 25 years. When the u. S. Is just getting out of recession. Fans value the moment of unity when we can put aside all of our agendas and come together simply as americans, thats what the nfl and hollywood are ignoring. People like to stand before the flags in unity. Sports fans want to cheer on teams and movie fans like the unity of e
At the box office, disney double down on fantasy. Lead, this week we brought you Bloomberg Technology from the conference in laguna beach where we had conversations with some of the biggest names in tech. Lets start with my interview with arianna huffington. We spoke about the changing role of travis kalanick. He is on the board, and he is very active. He obviously built uber into the juggernaut it is now. He passed the baton. It was a very nice transition of power. The new ceo has been amazing. He has been handling all the problems whether it is what is happening in london with the suspension of ubers license to the deal and process with process withn softbank, he has been a great leader. He has shown he is very committed to building a thriving culture and company. Emily you mentioned the difficulties faced in london, elsewhere,gal probes how do you see the lifechanging around the world Going Forward . Better at to do serving the communities where uber exists around the world. We need
Why ceo bob iger believes it superhero showdown, musical animation, and of course will pack theaters this fall. First to our lead, this week we brought you Bloomberg Technology from the conference in laguna beach where we had conversations with some of the biggest names in tech. Lets kick off with my interview with arianna huffington. We started talking about ubers volatile year and the changing role of travis kalanick. Arianna he is on the board, and he is very active. He obviously built uber into the juggernaut it is now. He passed the baton. He was the one who introduced darrah at the all hands when he took over as ceo. It was a very nice transition of power. He has been amazing. He has been handling all the problems, whether it is what is happening in london with the suspension of ubers license to the deal in process with softbank. He has been a great leader. Confidence and willing to show humility in the appropriate times and very committed to building a thriving culture and compa