. >> announcer: this is "nightly business repor" with tyler mathisen and sue herera. mouse? meet fox. disney and 21st century fox discuss a deal to move some fox assets into the mouse house. media stocks swirl on the reports. what such a deal would mean for movie-goers, television viewers, and investors. day of deals. broadcom goes after qualcomm for more than $100 billion. but might apple complicates things? new danger alone in a house with a stranger. that's the daily routine of real estate agents now turning to a new app to help keep them safe. those stories and more for tonight's "nightly business repo for monday, november 6th.

good evening, everyone. welcome, a landmark deal in the tech industry. we told you friday it was likely to happen. today it did. get to that story in a moment. we begin tonight with deal buzz in another sector -- the media sector as first reported by cnbc, 21st century fox has been in talks to sell most of the assets to disney. even though the talks have ended, it sent stocks, disney was up 2% viacom, discovery and cbs also rose. david faber broke >> reporter: 21st century fox has been holding talks with disney. now, the talks have taken place over the last few weeks. given the complexity, it's it's seen as a tough deal.

the two sides are not currently talking, but given the o again/off again nature of the talks, they could be revisited. for fox, the willingness to engage in talks, is a growing belief that scale in media is of immediate importance and there's not a path to gain that scale in% at the same time through it's believed that they could compete more effectively in the marketplace and also evidence of the dwindling hopes of buying the b sky b it does not own. that deal is already under scrutiny from uk regulators. giants such as facebook, google, amazon and netflix are changing the was consumer, didn't dominating many people believe it requires scale that

disney does have, but 21st century fox may not. for disney to cross another studio and tv production assets as it directs to direct to consumer streaming offering is attractive, as is the fox's exposure to the uk, germany and italy both through the networks and 39% of b sky b. disney recently announced it will pull all it's movies for netflix and establish two direct to consumers offerings. disney also would not purchase all of fox. people with knowledge of the talks said it wouldn't be fox network or the sports, given the antitrust implications. it wouldn't by the fox news or business channel. disney also not interested in buying the local broadcasting affiliates. so in fact the assets left behind contribute to what seems to be a larger portion of the

cash flow than those that would be sold. tv production, bur national assets, and networks such as fx and nat geo. the contemplated price of the deal could not be obtained. officials at disney and fox declined to comment. for "nightly business report," i'm david faber at the new york stock exchange. robert luna joins us to discuss what a potential disney and 21st century fox deal could mean for the ever changing media landscape. robert, welcome. good to have you with us. obviously the talks are in a very embryic stage, they may not even be going on according to faber. it appeared the talks with defensive on the part of fox. are they offensive on the part of disney or defensive for them as they try to protect against netflix and amazon. >> well, it's interesting how

you say that, tyler, because i think this is a shot right from bob iger at reed hastings, so as was mentioned prior, all of the content was pulled out, and with the direct-to-consumers offering, i think it's the realizatio that by bob iger and disney that they're going to need to create a more robust offering. i think grabbing things like avatar and x men from fox is something they'll need to do to compete. >> from aninvestor's standpoint, if the deal is structured as david faber reported it right now, with the details that we know, is this a good deal for the stock prices for the companies and their i believe so.ors. you have to be in -- and that's really what disney is and their able to acquire properties like they have with lucas and with pixar, and immediately monetize

those as proven. if y look at disney stock up today, obviously if you -- because i think the realization is from investors there, they don't have the scale and it all comes back to content. even as it's transcended over into the telecom space, at&t and verizon, while they were both down, verizon was the one that got hit. at&t with directv and the talks with time warner has more of the content that we're talking about, where now, if disney is pulling fox off the market, that leaves verizon in a very. they were down more than 4%. >> the bleed-through in other media stocks, ought sue noted a moment ago, was pretty significant. viacom, cvs and others moving up, discovery, othe idea that there will be more deals to put scale together. ifrgts well, there really has to be, and we saw the last deal

when it fell apart, and it left companies in a very vulnerable position, so i think they're bidding companies up like you said on the idea that there will be further consolidation. that's a double-edged sword. that would be a tough way for investors to go. >> robert luna, thank you very much. >> thank you. now to that landmark tech deal. broadcom wants to buy qualcomm for about $105 billion. if completed it wod be the largest technology takeover ever, creating the third largest chip maker behind intel and samsung. the sheer size of the deal has the possibility of changing the industry. so far it's only said it's asocietiesing the proposal. shares of both companies rose today extending friday's run-up, but the tie-up could get complicated for another reason. that is apple.

josh lipton explains. >> qualcomm has a few very important customers, including suppliers to apple that generate a significant amount of revenues, but they're locked in a nasty legal fight. the dispute is abouth apple should are to pay qualcomm for the pat presidented technology which allows phones to connect to wireless networks. qualcomm wants a percentage of the iphone selling price. apple wants to play closer to a flat feel. what would it mean? a combined company would be a technology powerhouse, that means that much more pricing power, perhaps squeezing customer like apple for more money. some say the more likely outcome would be the ceo hok tan for striking a new deal. he could capital i'd on his relation-with the iphone maker.

it already supplies critical mponents, including the technology that allows wireless charging. perhaps tan could convince apple's ceo to put an end to this fight by cutting a new long-term contract tan is, of course, well aware of how important apple is to qualcomm. it's estimated that if apple is lost as a customer, it could hurt its bottom line. certainly could not doesn't seem -- when asked recently about whether apple needs qualcomm to keep making and selling those premium devices, cook simply responded no. for "nightly business report," i'm josh lipton, san francisco. intel and amd are usually rivals, but today they are teaming up to battle nvidia. a new laptop computer chip will combines intel's processor and amd's graphics unit. that will help laptons run

intensive video games. invideo, known for itsork in the art officials intelli industry is also considered the standard bearer in gaming semiconductors. share up 7%. so let's turn to dan ives to talk more about it, and if he sees it continuing. a chief strategy officer, and gbh. nigh to see you dan. welcome. >> what do you think is behind all this activity, especially this latest deal with broadcom. it's a huge deal, obviously, but what's driving they companies to merge or acquire each other 689. >> this is a game-changing move. i think broadcom sees qualcomm in a position of weakness, with thepple fight and fundamental headwinds. it's about them gett

this is a way to get a leg up. this is strictly an offensive move and broadcom is in a position of strength,ualcomm in a position of weakness. >> do you think that's the price that gets it done? >> no, i mean, i view in terms of a bull sort of scenario that would get this done in the $75 to $80 range. i view this as a game of high-stakes poker that's just started. 75 to 8 on is a deal where i could see it getting done. to get forward. >> this is i was going to ask you -- is this the main road block? >> i think it's two. regulatory is definitely a road block here, but then it comes back to shareholders. you have qualcomm, the apple situation has been a nightmare. you've seen the stock majorly underperforming, so it comes down to shareholders, where

fuy they think the value is. i think 70 didn't get done. if they come back at a higher price, that's where i think this becomes a serious deal and would ultimately change the landscape, across tech, and i think cupertino and cook are watching this closely, as they play a major role in it. >> i think they probably are. thank you so much, dan. appreciate it. >> dan ives with gbh insights. today's deal-making talk send ought three major u.s. equity indexes to records the energy prices rosed. here are the closing numbers. nasdaq rose 22, s&p 500 up three. president trump is in asia, finishes up his visit to japan with some touch talk on trade. his next stop is south korea.

kayla tausche is in seoul tonight. >> after a weekend of golf, fine dining and diplomacy, president trump got down to bit. addressing u.s. and japanese companies, defending his decision to ditch the transpacific partnership on its third day in office. japan is now trying to salvage it. >> we will have more trade than anybody ever thought of until tpp. that i can tell you. tpp was not the right idea. probably some of you in this room disagree, but ultimately i will be proveno be right. we will have much bigger trade with the way we're doing it now, and a much less complex situation. >> in the meantime bilateral talks are slow going. last month an agreement idah potatoes and japanese persimmons. trump wants a bigger win. >> where virtually no cars go from the united states into

japan. >> reporte auto companies are building factors and creating jobs in the united states. a $1 billion plant in tennessee, toyota and mazda a plan, and up to 4,000 jobs. >> that's big stuff. congratulations. c'mon, let me shake your hand. >> the trip receipts a attitude through the u.s.'s top trading partners overseas. looming over the economic agenda, increasing tensions and a diplomatic strategy. >> the president recognizes we're running out of the time and will ask all nations to do more. >> in south korea, peaceful protests await the president, some welcoming his arrival and military protection. others blaming him for provoking war with pyongyang. three days in, he's dialed back his receipt ricket toward north korea, but ratcheted up the

tough talk on trade. the otherwise says the longest trip for the u.s. president in a quarter essentially shows his mittment for the region. for "nightly business report" i'm kayla tausche. cght up in a corruption crackd that's next. the president of the new york fed, william dudley will retire next year before t end of his ten-year term.

it was scheduled to expire in january 2019. mr. dudley also made news today by cautioning elected leaders not to go too far in dismantling financial regulations from a decade ago. he left room for some tweaking, but said too much change could expos the economy to renewed risks. mr. dudley's position is a re important one. the president of the new york fed always votes at policy meetings. the board of the new york fed chooses the next president. you may have heard about something called the paradise papers. it's a trove of leaked documents made public yesterday by a group of about 100 media organizations. they show how some of the top s and celebrities get around paying taxes often uses offshore funds that are not illegal. the papers also reportedly show how state-run russian companies funded large investments in twister and facebook, and have

will et to questions surrounding wi ross, commerce secretary. >> this one reminiscent of last year's panama papers. this time they're calling it the paradise papers. about 7 million documents of a law invite called applebee, which has offi have been taken and given over to a german newspapers. they were shared with an international consortium of investigative journalists and provide a ray insight. more than 20 politician and global royal rulers have been identified. one people coming under scrutiny is wilbur ross. error shares business interests with vladimir putin's immediate family. ross failed to clearly disclose though. he retains interests in a shipping company, and it's navy

gator holding that had a business rel with a russian energy firm that was controlled by vladimir puti son-in-law. wilbur rod today said he had done nothing wrong. >> i think it's just an example of the press trying to find anything they can, however remote or silly, to attack the president and somehow link him to russia. this is nonsense. >> there's no indication at this point who stole the documents in queste law firm he the victim of an illegal computer hack. i'm eamon javers in washington. ccs health beats expect. the drug tore chain's pharmacy business processed more claims in the quarter, but say-store sales fell as the companies work to get more shoppers into their location.

cvs didn't make comments, but it says at the plans to make next-door delivery starting next year. cvs shares were on the 3%. valiant said it would very sprout pharmaceuticals as shareholders on -- valiant bought sprout, and it's add-e medication for just a billion, but hasn't seen the drug put up any impressive sales numbers. the price of the deals not discloset shares up nearly 5%. and mile len, it also missed profit measurements, and earlier approval of the m.s. drug -- to race the forecast for the years.

shares up. the drug distributor cardinal health still managed to top estimates. revenue was disappointing, as low generic prices hurt results. cardinals also said the ceo will step down in next year and the chief financial officer will take his place. spript and t mobile have called off merger talks, marking the second time in three years the companies have walked amp from a potential deal with each other. the company said they were unable to agree on terms. shares were off 11.a%. t mobile shares were down 5%. michael kors reported results that improved from a year ago and said it was raising guidance for fiscal 2018. shares popped 14% to $54.62. after the bell read, robin

gourmet went to a profit. sales grew at the restaurant chain, but those results also disappointed. the shares plunged in after-hours trading, but ended the regular day up a fraction. as we mentioned oil prices rose today and got a lift, in part because of the a corruption crackdown? saudi arabia. caught up in the crackdown was saudi prince bin talaal, an influential businessman in stakes in companies like twitter and lyft. hadley is in riyadh. >> it was a major purge of the rich and powerful, a sweeping crackdown on big business, current and former government minister and even members of the royal family. possible charges, one of most prominent names on the list, as a member of the saudi royal family, he's also chairman of

kingdom hoddings, as kingdom holding shares traded down, the company released a state sayg the company has the full support of the saudi government. local news report cited authorities as already freezing some of the assets of those involved. while many analysts say this is a major power play by the crown prince, the crown prince himself says this is aboutackling corruption from the top down, something he has to do if the country is going to attract foreign invest coming up, an app that more realtors are using not to sell homes, but to stay safe.

you may soon find more discounted items on amazon ahead of the holiday season form the company will cut the price of some products from third-party sellers and will cover the cost. amazon historically only don'ted items it sells directly. this is one reason why some suppliers chose not to sell on amazon so they can control their own pricing technologies. a new technology is raising an alarm about real estate agencies. it's offering walked be a life-saving sluice. diana olick has the story.

>> being a real estate agent has never been the safest job. after all you're meeting strangers in empty houses. now the risk is even higher. >> when you're talking about potentially opening up access to a home, right? to an environment where prescription drugs may lie in the medicine cabinet of a house that's lifted for sale, with no vetting or checking on an individual, and giving them access to that house, i think we're feeding interest a crisis by creating these haenls to easy action. >> the ceo of forewarn offering deep backgrown checks on clients, using high-level regulated pet data from cogent. all of desk stop or a mobile app. it's the kind of thing that san antonio realtor janettis dale wishes she had had back in 2010. she was hit over the head be an

admitted drug addict who booked a tier with her at a $750,000 miles. he was holding her -- >> i googled him and couldn't find out anything about him. so it made me uncomfortable. >> she convinced her assailant to go to get per. when he did, it is dale ran. kids nearby let her to a police officer. >> he held me hostage on the porch for 45 minutes. it was a very scary situation. forekwan's ceo says it's also about perhaps raising a yellow flag, that even the baismgs information isn't true, the agent will show not to show up. >> this is proachesive rather

than reactive, in terds of the yellow flags, maybe first of all that the phone doesn't match. >> 'tis dale agrees, the mo information the better. >> i guess i thought was always aware, and it won't happen to me, but it did, it can. and that's it for tonight's "nightly business repo thank you. >> thank you for joining us. we will see you to

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