it also owns a b c but twenty first century fox owns a number of regional and national networks in addition to a european channel so it would be interesting to see how sports looks under this deal if fox is going to keep some of its more national sports channels in order to spin off its regional sports networks in order to kind of maybe lay low in that area but i still think that the department of justice is going to be very interested to see how film looks under this deal us. have lucas films marvel studios fox searchlight pixar they would all be under the same umbrella of this you know this new disney twenty first century merger and i can't believe that that's not going to get some intense scrutiny so there's so many questions are fascinating so the d.o.j. they could look at this deal i think they've done in the past but you're the expert and said look you know we're not ok with it for these certain reasons and then you know does the for example could sell off that thing and then. redo the deal reapply for the merger well and it would be interesting to see yes absolutely the department of

more than twenty first century fox leaves disney it's a good question and i think that disney does right now need twenty first century fox's television properties really more than anything if it's going to want to compete head to head with netflix so disney has tried streaming service as a kid streaming service and it's just doesn't have the content to compete with netflix it doesn't have what twenty first century fox offers f.x. programming like sons of anarchy films like deadpool that that i think consumers and that streaming service really would hope for so in that way i think that disney needs that content and remember the disney has already said it's going to stop allowing netflix to run its films in two thousand and nineteen so i think that we're preparing for they're prepared for a battle here and be really interesting to see how it shakes out one of the things that we like to do on this program is not just talk about you know that the u.s. economy business of poignant stuff but how this impacts people all over the world tell me about how this would impact things going on in

wa lt walt disney and 21st century fox signa walt disney and 21st century fox sign a $52 billion lockthe deal that may alter the entertainment landscape. and the lastjedi is expected to be an unstoppable force at the box office and for memorabilia merchants. hello and welcome to asia business report two of the biggest names in the movie business are emerging in order to ta ke business are emerging in order to take on netflix and other online streaming services. walt disney has agreed to purchase most of 21st century fox, owned by australian media mogul rupert murdoch. they are a doing it for 50 two billion dollars. disney willacquire a doing it for 50 two billion dollars. disney will acquire all of these brands you see on screen here. as pa rt of these brands you see on screen here. as part of the deal, the disney ceo will stay on the company until 2021. he said that the purchase was inspired over an informal chat with mr murdoch. i have a lot of respect for rupert murdoch and what he has been able to build over the years. he andi been able to build over the years. he and i were musin

the walt disney company is buying up the entertainment business of rupert murdoch's twenty first century fox in a landmark fifty two point four billion dollars deal if it's approved it'll be a union of hollywood's heavyweights but this is also about survival of the fittest disney and fox both need to strengthen their offerings because as you all know we don't just watch the t.v. or go to the movies anymore that why the story to come after this from john hendren . in a move that would reshape the entertainment industry large parts of what belong to twenty first century fox would become the property of disney we're getting credit quality content we're getting global reach we're getting access to new technologies we're also getting great talent there while there is risk associated with this whether you look at the price or whether you look at the regulatory side or whether you look at the complexity of integrating companies this size that risk was well worth taking on the marriage of fox and the mouse is priced at fifty two billion dollars but it still needs the approval of any trust regulators

walt disney is to buy rupert murdoch‘s 21st century fox.it is taking on as well. as for what it‘s getting. it‘s a long list — the studios that produce the blockbuster marvel superhero pictures, the "avatar" franchise, the national geographic and hit tv shows like "the simpsons". over here it‘s getting fox‘s 39% stake in sky which broadcasts not just in the uk but across europe. it‘s not getting though, the tv channels like fox news channel, fox business network. they will be spun off and sold to shareholders. let‘s talk to our business editor simonjack. what are the motives for doing this deal? what is disney getting these things for? well, it has or has been very keen on content. as you mentioned, the star wars, lot of rhenium stuff, but it needs to... 650 million users in asia. one of the companies driving all of this is netflix. if you look at this, they are going to get part of a streaming service, so the content that you are getting, the distribution, and the scheming part of it. it will be a powerful... scheming part of it. it will be

. >>> comcast is out the media giant dropping its interest in 21st century fox assets >>> and raising the red flag on bitcoin. one of the earliest investors in the cryptocurrency is starting to get worried it's tuesday, december 12, 2017. "worldwide exchange" begins right now. ♪ >> good morning. very warm welcome to "worldwide exchange" here on cnbc i'm wilfred frost. let's get to the global market picture, after a day when the nasdaq did lead the markets higher, up 0.5%, the dow up 0.3. a broad, positive day. 9 out of 11 s&p sectors were led higher by the likes of telcos and energy we have green across the screen once again not huge gains, but positive across the three indices 45 points for the dow. s&p and nasdaq up just slightly. ten-year treasury note yesterday moved in a risk-on way we saw the yield on the ten-year tick up nicely, close to 2.4%. hitting 2.39 around the close. just a bit of buying of the bond market this morning, pushing that yield on the ten-year down to 2.38% let's look at markets around the rest of the world. asian equities negative. shanghai down 1.25%. hong k

century fox. we had been reporting that they were in talks to purchase 20 century fox and we know that disney is still in talks. comcast is no longer engaged. sticking with the cryptocurrencies, i want to bring in bogart. block chain investing technology company. this was the first fund dedicated to the coin and block ecosystem. >> we saw volumes at a reasonable level and there was an upside. i don't know what more you could wish for? this is the beginning of the institutionalization of that coin and there will be a much larger trading for derivatives and we might do an edp in a year from now. there is a lot of questions about where the value is actually coming from. what do you think? >> i like to think that this is an iceberg and people see a payments mechanism and they hear about cryptocurrency as p ayments. is people are purchasing it because it is a digital gold. people want to own some of this network and, underneath the surface, we have this digital and programmable assets and this is the m

maria: disney and 21st century fox, making it official, disney will acquire fox entertainment assets we were expecting this international properties and regional sports networks all going from 21st century fox, disney will pay $52.4 billion assets that it is acquiring, 21st century fox is parent company of fox business network. they will hold to fox news channel, all-stop deal. leave owning a quarter of the new bigger disney company. bob iger is stay to go run disney until 2021. we know that recently he did a new deal as the negotiations were going on. again, disney is acquiring the assets from 21st century fox, the entertainment assets for $52.4 billion. mike murphy, you have been looking at the media companies and the major deck shares moving around. your thoughts on the deal? >> i think disney had to do the deal, they are no longer competing with just other big media companies, they are competing with apple, competing with amazon and facebook and not to mention netflix. bob iger made the announcement earlier this year that he will be launching streaming service for disney. he need

it wants to get its hands on the 21st century fox back catalogue of movies, some of the entertainmentbigger entertainment company and has more scale. for the fox side of the equation, it is an acknowledgement that the media market is changing. fox goes back to what it knows best, concentrating on assets where there is a market for live broadcast television, sports and news. in other areas of entertainment, people prefer to get their television and films on demand. it is a competitive market, so demand. it is a competitive market, so fox seems to have taken a decision that doesn't want to become embroiled in that very competitive content supply market. it would prefer content supply market. it would p refer to content supply market. it would prefer to concentrate on the true broadcast assets of news sport. prefer to concentrate on the true broadcast assets of news sportm is not often that you see rupert murdoch take a step back. is this a reflection of the fact that he's 86 and it is maybe not time to keep acquiring and acquiring. it looks like a pragmatic business decision. the murder

and its shareholders will receive .2745 disney shares for each 21st century fox share they currentlyon a 38 volume weighted average price. a little complicated disney will be assuming $13.7 billion of net debt from 21 century. the big question is the role james murdoch may play in this i did a search through the document and the word "james" not appearing in the this press release. >> but he was supposed to go there for a while and help run international. >> that had been a big question about the role james murdoch might play in a potential deal like this. that's walter a isaacson who we haven't properly introduced just yet. >> that's all right. you don't need to. >> we're going to go to julia who has more details julia? >> i think it's worth noting here it includes in this announcement that at the request of both 21st century fox and the disney board of directors bob iger has agreed to continue as chairman and ceo through the end of the calendar year 2021. so his contract was set which had been extended multiple times was set to expire in mid-2018 so this is effectively a 2.5 year e

it's spending over $50 bilion on most of 21st century fox. here's why. after some musing, there seemed to me there might be an opportunity to put our companies together and create something that's even better than the two that was separate companies. theresa may attends a crucial brexit summit in brussels saying she's disappointed after last night's parliamentary defeat. a huge development for internet users in the us — net neutrality is coming to an end. good for business or bad for equal world depending on who you ask. and remember hurricane harvey that battered texas? well guess how much water it actually produced... we'll reveal all from that from a major scientific gathering in new orleans. for more than 50 years rupert murdoch's media empire has got bigger — today all that changed. walt disney, led by bob iger, is buying the bulk of mr murdoch's 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 everything's included. fox news and fox sports aren't, they'll become a new compan

stake in the hulu streaming service as a result of the deal between walt disney and twenty first century fox the murdoch family could potentially split with the james murdoch leaving his father and brother to work for disney according to reports of murdoch who is currently fox's chief executive could possibly take a senior executive role at disney he'd be overseeing the sky and star companies although he would possibly be leaving fox several highly profitable operations would be left under twenty first century fox and polluting the fox news channel and the at as one sports channel which would be overseen by rupert murdoch and his other son both executive chairman of the company the steel would agree. greatly benefit disney by giving the company more sources of content on a time when it's rolling out its own sky and star companies would also help give disney an international broadcasting presence however this deal could face some trouble experts say shareholders who have consistently criticized the murdoch's over corporate governance may not support the mirch these talks come amid a series of

the deal is worth billions of dollars but what does disney buying a chunk of twenty first century fox actually mean for consumers. hello again let's start by look at weather conditions across the levant and also western parts of asia so you can see temperatures just hovering above freezing there now martin cousin stan otherwise again temperatures right about a ten degree mark for back in isolation and ten for tehran now as we come further towards the south little bit of cloud or northern portions of the gulf so you could see some close at times in kuwait city but otherwise it's dry it's generally dry run the eastern side of the mediterranean with highs there of nineteen degrees expected in beirut heading further south into the arabian peninsula a little bit more cloud around the gulf states generally at the moment but winds generally and from the south so temperatures maybe just rising slightly twenty four's a maximum here in doha should be quite pleasant thirty in mecca so move the forecast on into saturday and see mecca there coming at twenty two but the risk in more southern portio

shery: but you did not need to buy 21st century fox for that. bought itut he because disney makes franchise movies mainly based on --mation, and thought has fox has adult movies. landscape regulation is also changing, with the doj trying to block the at&t deal. how will that affect disney and fox? >> i do not think the boj has a the doj has a case against at&t. that has not happened with comcast. that they have agreed to, the constraints go away next year for comcast. but i do not think you will see a big problem with price raising . disney and fox really does not have any regulatory barrier. on that score, we are all watching the net neutrality vote right now. my bet is that in three or four years, there is going to be no fcc. it will be an ftc trade problem., constraint the sec does not have the technology to know how to regulate the internet. not have the technology to regulate the internet. it was put in place by franklin roosevelt and has no place in the 21st century. there is no one in the sec that understands what is going on in that under

disney and 21st century fox joining forces in a merger.rom the white house next. >>> huge talker on the internet this past week, tech giants like amazon, facebook, vowing to fight the fcc's decision. the republican led commission voting along party lines to repeal regulations that stopped internet service providers from deliberately slowing down or speeding up traffic from specific websites and apps. also prevent them from giving their own services in advantage over rifles. >> already working on a multistate lawsuit. washington state attorney general bob ferguson indicating he's going to sue. this tweet from netflix. we're disappointed in this. >> internet service providers applauding this move. verizon fully supports the open internet and will continue to do so. our customers demand it and business depends on it. the repeal of net neutrality does not take effect until next year. the issue may wind up being decided in court and congress could step in with a legislative solution. >>> president trump praising the merger between disney and 21

again fox news is not part of the deal so with it when we say that disney has acquired twenty first century fox they're actually acquiring most of the stuff except for fox news as well as the national fox sports so i would suspect that doesn't do a whole lot for e.s.p.n. sports little image because i think you know again fox news and that very conservative political arm that's going to stay active and is going to stay so i want to ask you now to be worried and it's summer is separating himself from happened at art weinstein a payment had expired as the team what would happen. so the idea is that look as they started as oh no rival football league it is only when the other end up. that has conquered our next guest thank you for having me fold and. any job there is one business model helps to run a prison now we just do or don't like it nobody obeys the taste and they don't no one comes anymore we don't have to serve them anymore it's cost effective that's what they want to do that knowing they don't give a damn if you do the chores or not there are actually paying enough to put it back into. the

again fox news is not part of the deal so with it when we say that disney has acquired twenty first century fox they're actually acquiring to the stuff except for fox news as well as the national fox sports so i would suspect that doesn't do a whole lot for e.s.p.n. political image because i think you know again fox news and the very conservative political arm that's going to stay active and is going to stay step separate from this particular deal right well i want to ask you now about the n.f.l. which has also had some issues over the past year or so to say the least panthers owner terry richardson is selling his team over allegations of sexual assault and making racist remarks to employees so how much of a risk is his sudden departure to the franchise which is estimated by forms to be worth two point three billion dollars. i suspect that getting rid of the owner. means that the value of that franchise hasn't gone down in value at all again it's something where the centrally as soon as the public knew about these these allegations the owner is separating himself from the franchise while the fr

but then they have an out of this world announcement, the disney/21st century fox deal. uniquely positioned to benefit is imax. imax ceo rich bell fond joins us now in a fox business exclusive. oh, this is exciting. you've got two huge stories descending on your world. >> we do. i mean, it's hard to believe the force all coalesced around today. liz: i like that, rich -- >> i do too. liz: you stole that one from me. [laughter] he was so excited and ready to use that specific line. rich, let's get to the big news first that is the newest news. two major studios who, if you use just last year's numbers, combined have 40% market share. i'm interested to know what you think about how that kind of blockbuster, i guess, combination will affect your business specifically when it comes to distribution and how they're able to negotiate all kinds of deals that may be great for them. i'd like to know how you see it. >> i'm very positive about it. first of all, disney is our closest relationship in hollywood, the most films, the most dollars, tremendous marketing cooperation between t

amongst a deal worth billions of dollars but what does disney buying a chunk of twenty first century fox actually mean for consumers. and we're live in washington where there's just been a huge decision made on the future of the internet. you know our top story the u.s. ambassador to the u.n. saying that washington times to build an international coalition to push back against iran in the last few hours nikki haley held a news conference in which she accused iran of quote funding the flames of conflict in the region she also presented evidence she says proves to iran supplied to see rebels in yemen with a missile that the group fired into saudi arabia this is a blatant violation of what they are not supposed to be doing and what we're saying is everybody has to total around iran in fear of them getting out the nuclear deal and they are allowing missiles like this to be fired over to innocent civilians and hurt and that is what has to stop and so we will continue to raise and build the international community support to say this is not about the nuclear deal this is about all other action

-- with 21st century fox. be more edgier. shery: dead ball. paul: right. how will they deal with mickey mouse? i'm sure they will make it work. it is a revolutionary move by disney to recognize. in order for it to be relevant over the next 15 years, it needs to make a big investment. like it did in the movie business when it bought exar and marvel. vonnie: any problems with the regulatory process? paul: i think this will come over -- under regulatory review. the environment is actually very unsettled right now with the --tice department blocking saying they will block in the at&t time warner deal most market partition -- participants thought it would go through. another look.ing the median market is unsettled. we are not sure how it will shake out. if you are the wall disney company, you -- walt disney company comey you can't afford to wait. shery: doesn't that take out potential bidders? paul: potentially. they seem to be as viable. comcast announced they were backing out. this seems to be a deal that is at d

20th century fox movie studio along with u.s. cable now works at "the wall street journal" reporting what i can assume the whole 391st century fox expect to make a decision by years end on on whether to pursue a deal comcast and verizon and sony reportedly interested 21st century fox. >> keeping a strong at the box office over the weekend. tracee: cocoa coming in first place when he met the box office again. >> we're the only family in mexico who hates music in my families find it back, but need? >> be back by lunch. >> i'm not like the rest of my family. tracee: bringing back $26 million. finish second with 26 points $6 million in third place. continue to do well with $1,255,000,000 rounding out the top five. daddy's home with 7.5 million of course coming out on december 15, "star wars" the last jedi. box office sales for the year have been down compared to last year. it's been a rough go. cheryl: streaming, and that's the thing. people are building home theaters. they'd rather stay home. thank you very much. a lot more congress

i'm going to read some of them to you. 21st century fox, fox 2000, fox search light, movie and tv, fxwill get majority control of hulu and some of the biggest movie and tv franchises including "xmen," "avatar" "deadpool" "this is us." this is all about the future. disney recognizes that people are cutting the cord and everybody is heading towards streaming and see these guys like netflix and know that they need to do something in order to catch up. so what disney is doing is really getting all of this content that they can then bring to consumers in different ways. with their majority control of hulu, they will have that avenue but planning to launch two separate streaming services in the next couple of years. one will be focused on sports and one more about entaintment. pretty soon disney will take its stuff off of netflix. if you want to watch disney stuff on demand you will have to go to one of their streaming services, instead. >> what about the regulatory hurdles? the at&t proposal of time warner is running into complications. anything that stands out. >> this will have to be app

wall street disney company, which owns abc news, announcing thursday it is acquiring most of 21st century fox for $52.4 billion in stock. the force behind "frozen." ♪ let it go, let it go "the pirates of the caribbean." and "star wars." now bringing in parts of fox's edgier tv empire including fx, natgeo and popular comic book franchises. >> those are things that now all come under one umbrella so the customer can have more access to all of that premium content. >> reporter: left off the table, fox news channel, foxsports 1, and fox broadcast network, which will be offered to fox sha shareholders in a new company. disney chairman bob iger on "gma" this morning promising a big benefit to confirmers. >> not only will they be getting more great content, high-quality content, but they'll be getting it in ways they demand, innovative ways. >> reporter: disney will now have a major stake in hulu adding shows like "the simpsons." and classic films like "the sown sound of music." the mastermind of the deal making it clear it's a move to compete with netflix. >> is bebeefs up what disney ca offer as a

the disney 21st century fox deal is expected to be announced thursday we'll have more next up in the next half hour. another record close for the dow after news that the federal rates interest rate so let's get to nicole petallides on the floor of the new york stock exchange with the latest. nicole? >> nicole: well, liz we did get that rate hike that everybody was anticipating the fed raised rates by a quarter point and expects to do so about three times next year and they also raised gdp forecast to 2.5% and unemployment forecast is down to 3.9% for 2018 and 2019 and the markets held on to gains and it's up 80 points earlier highs were 160 but with this number posted a record close. the s & p 500 had a major day record but did miss it by the close finish to the downside. target is buying same day grocery delivery company called shift. the deal is for $550 million and it's trying to battle amazon and it's going to be able to deliver the groceries, the home things, the essentials electronics and will continue to have the same day delivery into next year by buying shift. back to you. >

and a blockbuster deal disney announces a merger with 20th century fox. and the sun returns and bitter cold days behind. >> a bill to crack down on so-called stop and go establishments is up for a vote in philadelphia city council today. the legislation would change licensing requirements to sell alcohol. vernon odom is live outside of city hall with the latest. >> reporter: good afternoon sara today is city council's last meeting for 2017. that is why they are trying to pack a lot of measures for passage or turn them down today here in city hall including a measure that affects 230 stop and go store here in town. >> lots of tension in city council today as black lives matter activities and asian owners talk to each other. many say they exploit the poor in the incity by selling beer and pot and crack pipes. many on city council want to join with regulators to crack down on the stores including restrooms and seating. >> most of these restaurants or establishment. i won't call them restaurants they don't sell food they sell beer and liquor by the shot. medi

yes, major deal for disney and 21st century fox as well as consumers. the new combined company will include fox's movie and tv studios and cable networks and together the two company also have 46 million subscribers around the world. this morning, a game-changing deal in the entertainment history, the walt disney company which owns abc news and is home to family-friendly hits like "frozen." ♪ let it go >> reporter: "pirates of the caribbean." >> your lucky day. >> reporter: and "coco." >> i'm turning into a skeleton. >> cue the music. >> reporter: acquiring 21st century fox's movie and tv empire which includes edgier assets like fx and natgo joe. for "star wars" lovers it means bringing all the episodes under one roof. superhero fans can look forward to potential reunions like "x-men" and "the fantastic four" with "avengers." and it will add shows like "the simpsons." >> oh. >> reporter: and classic films like "the sound of music" to disney's library. ♪ la a feet to follow so >> reporter: just as the company lays the groundwork to launch its own streami

disney announced that it was spending fifty two billion dollars to buy a big chunk of twenty first century fox the deal will see disney take over its filled and t.v. studios as well as cable and international t.v. operations disney's hoping the addition of fox's assets could help promote streaming services as entertainment companies compete with online services. let's bring in our wall street correspondent sophie. this is a mega deal we're talking about here what do investors make of it. of course that means more competition more different platforms to choose from for consumers and of course the new plant from phil have to reduce the size of the net place portfolio which by the way it will be shrinking simply because walt disney and about to remove some of their content and has already started to do so and all of the sudden this they have enough money so to become ensure a competitor to not only netflix but also to apple amazon google facebook to everyone in the fast growing realm of online plus they are going to offer a subscription at a lower price than they're like so this is going to make

then there's this, imax and 20th century fox which is the film division of 21st century fox have agreed to extend their film distribution partnership through 2019. the deal involves big blockbuster hit like king's men, the golden circle and the new mutants which was important from me. x-men, dark phoenix, as we said 20th century fo fox is up 3%. imax flat to slightly lower. how about an upgrade with those shares of fries. shake shack is hitting an all-time high raising the price target to 41 from 34. share. they are way behind. shake shack is already at $45. i don't really know what that analyst is thinking unless he thanks the stock will fall to $40, but right now shake shack is getting a huge gain up seven and three quarters percent. give me that chocolate shake. to the white house and capitol hill, doing events happening at this hour, first at the white house. the big four. senate minority leader chuck schumer, nancy pelosi, mitch mcconnell, paul ryan all meeting with president trump this minute. any of them could be making comments in front of our white house steakhouse camera after

move that would reshape the entertainment industry large parts of what belonged to twenty first century fox would become the property of disney we're getting credit quality content we're getting global reach we're getting access to new technologies and we're also getting great talents there while there is risk associated with this whether you look at the price or whether you look at the regulatory side or whether you look at the complexity of integrating companies the size that risk was well worth taking on the marriage of fox in the mouse is priced at fifty two billion dollars but it still needs the approval of any trust regulators in an e-mail to disney employees chairman and c.e.o. bob iger called it a historic move forward for us one that reflects a rapidly evolving media landscape brands from rupert murdoch's fox empire included in the deal or twentieth century fox film and television sky b s b the national geographic channel's the f.x. network's star india and its streaming service of this combined company is to create even more high quality content and then to distribute it in ways t

. >> d chunk of 21st century fox.llar deal brings together the company's film and television studios cable and national tv businesses. twenty-first century fox will separate the fox news channel fox sports and news affiliates into a newly listed company. >> and we should point out that we are currently part of 21st century fox. >> that is right. >> all right. >> well, it is an annual holiday tradition recognizing the men and women who made the ultimate sacrifice by serving our country but for some this labor of love can be very difficult. we'll talk a little bit more about this when 5 at 6:30 continues. >> ♪ >> ♪ >> it happens every year in mid-december an army of volunteers places holiday wreaths on the tens of thousands of grave sites at arlington national cemetery. for some it helps them cope with the loss of losing a loved one during the holidays. for others it is reminder of that loss. >> bonnie farrell is the founder of taps. grieving the loss of a military loved one. bonnie thanks for coming in tonight. >> than

comcast has said they are no longer reviewing 21st century fox for a possible purchase.will continue to cover the story. this is bloomberg. ♪ emily: verizon is betting on the nfl. they will be able to stream nfl games through yahoo! or go 90 apps for free with no data charges. non-verizon subscribers will only be able to use that with a subscription fee. the contract is said to be less than $2 billion. the fcc plans to hold a vote to decide on the future of net neutrality and big names are taking sides. amazon has announced that it is opposed. one of the main complaints is, who will hold the internet providers accountable. his agency and the federal trade engine seed plan to join the police the internet. joining me to discuss this is todd shields and bob o'donnell. so, todd, we sought new moves happening today and a statement from the commissioner about the fcc. breakdown what happened today. todd: it was an announcement between the fcc and ftc and it instantly ran into controversy. one of the leading democrats on , calledhill represented it essentially worthless. it is

from 21st century fox. has written ceo beautifully.likes to win but it is the technology wants to hit his hands on within the sky house. guest: it certainly is. the emerging battle for viewers in the tv world, technology is proving to be key. you have more and more viewers who are wedded to the idea of viewing on-demand so you need at technological platform that re-creates that experience even as a cable provider. this is one thing that sky has managed to do. they have a platform that allows users that have a dvr aspect so they can record shows. view on-demand a experience. this is what comcast has so there is logic for that combination. they like that spot that allows them to bring in other providers as well. it becomes a platform that offers the user a lot of flexibility to go beyond the basic cable experience which more and more users are cutting the cord on. in an environment with -- where there competing with fast-growing companies like amazon, netflix, for the viewer experience, that kind of technology-based can be valuable. ares

comcast continues to pursue 21st century fox assets, fox continues to view disney as superior bid.ong those reporting this — china's debt levels pose stability risk, says imf. the lender says reforms haven't gone far enough and notes similarities to the us in 2008. and on bloomberg, avocado surge over! it says "guacamole fans take heart — the price of avocados has fallen more than 50% since thejuly peak." and don't forget — let's us know what you are spotting and don't forget — let's us know what you are spotting online. use the hashtag #bbcthebriefing. a quick look at the markets, a better picture than this time yesterday, japan over 1% after its 296 yesterday, japan over 1% after its 2% fall wednesday. that across asia are bouncing back after a realfalls for asian share markets. the longest losing streak for more than two yea rs losing streak for more than two years was marked yesterday. i will be back in a moment. the number of patients experiencing long waits in accident and emergency departments in the uk has more than doubled in the last four years. research by the bbc found

deal to acquire twenty-first century fox's entertainment assets. and television studios, cable and tv businesses but not fox broadcasting network and stations like fox news or fox business network. amid this news, shares of twenty-first century fox and disney ended the day in the green. let's bring in our money managers michael lee and melissa arma with the stock swoosh. this is a game changer, guys, what did you think, mr. lee? >> interesting deal here. huge deal. 93 billion if you include the overseas assets and the debt but leaves a lot of question marks, like why is disney doubling down on legacy media and cable assets? why aren't they aggressively going forward with the rest of the world? there's a ton of questions as to whether or not this deal will get done. by buying fx and the regional sports networks, what they're looking to do is doubling down for pricing power on the albatross that is espn, dragging the stock down and drags the price higher and everybody's cable bills, making it harder for skinny bundles. liz: interesting. the futures a

most of 21st century fox. why is sarah sanders saying this could be good for jobs while wall street expects layoffs? we'll get into that. >>> stunning remarks by fox's rupert murdoch who says that fox's sexual harassment claims are nonsense. did he really say that? >>> a story you'll have to hear about a mexican reporter detained in the united states. he says deportation could equal death. his lawyer will join me to explain. >>> first, robert mueller is investigating russia's attack on the american election. now he is under attack. in this new assault is not coming from moscow. it's coming from fox news headquarters right here in new york. and it's coming from the white house. it's an anti-mueller, anti-fbi feedback loop, claiming that mueller's probe is hopelessly biased and downright corrupt. let's cue fox. >> i think what we have here is potentially one of the biggest scandals in american history where we're seeing, you know, our justice system being used to really change the outcome of an election. >> that

the deal includes fox's 39% stake in satellite broadcaster sky , and the 20th century fox film studioorm a new company. the deal ends more than half a century of media expansion by fox owner rupert murdoch. mr iger told abc's good morning america that he would talk to mr murdoch about a future role: they'll be announcing, or they are announcing, some plans of their own right now. james and i will be talking over the next number of months. he is going to be integral to the integration process, and he and i will be discussing whether there is a role for him, or not at our company. talking there are about james murdoch, not rupert murdoch. our business editor simon jack is here. this is a big deal, one of the biggest we have seen in the entertainment industry in a number of years and is big and powerful as disney is, it is trying to defend itself against the rising power of technology companies like netflix and amazon prime and google, that is what they are up against so they are buying 21st century fox, the studio and its content, and beefing up their ability to broadcast and distribute

disney is buying a large part of 21st century fox in a $52 billion deal. e deal includes fox's film and television studios, cable and international tv businesses, as it tries to meet competition from technology companies like netflix in the entertainment industry. before the buyout, 21st century fox will separate the fox broadcasting network and stations, fox newschannel and fox business network. ktvu is owned by news corps which is also the parent company of 21st century fox. >>> our time is now 4:43. in san francisco a security robot working at the spca has greatly reduced the number of car break-ins at that organization's parking lot. ktvu's tom vacar looks at this technology which is common in silicon valley and at industrial parks. it's being used a lot more by all kinds of businesses. >> reporter: the san francisco spca comprises an entire city block in a mostly industrial area that has some crime, especially auto break-ins. so the spca put an autonomous security robot on its campus as well as surrounding sidewalks and lo and behold since k-9 has been

operations before the buyout twenty first century fox will separate it's broken work and stations into a new listed company that will be spun off to shareholders. says entertainment companies struggle to with online services disney is hoping the addition of fox's assets will help promote its streaming services. german carriers are mounting a joint rescue for stranded passengers of the and so for the airline nicky is a subsidiary of bankrupt air berlin lufthansa was going to bite but was blocked by competition authorities the austrian based low cost holiday carrier has collapsed. it was anything but chaotic day most of me he's passing just simply stayed away the holiday airlines flights have been grounded the company is at rock bottom but the still hope that someone could step in. someone like nicky perhaps the film a racing driver who founded mickey and then sold it. i'm still interested in nick it's important to secure jobs and i want to fly with mickey again but it's more complicated now because we're looking at insolvency again. nikky has one thousand employees and up to ten thousan

walt disney's deal to purchase 21st century fox will need approval from u.s. titrust officials. the acquisition would make disney the number one studio owner with more than 1/3 of the market and given control over the fox cable channel. it would put the sports networks for fox under the same roof as epsn. get a lotk this will of scrutiny from regulatory authorities worldwide. it will take some time. we think the proposition here is very proconsumer. juliette: steinhoff international chairman is stepping down from the supervisory board after an accounting scandal. the board accepted his resignation to resolve questions of conflict of interest. a member of the board and the independence of committee will take the role of acting chairman. twitter jumped to its highest in october of last year amid speculation of a deal following disney's move for fox. shares rose after goldman sachs' ceo. disney had export the sachsility, while goldman was in those discussions. that is your bloomberg business flash. you: thank the ecb has unveiled forecasts that should continued eu

walt disney company has agreed to buy the entertainment business of rupert murdoch's twenty—first century fox52.4 billion in shares. disney's already the world's 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 pivo

the sale would include the 20th century fox film studio and the sky and star satellite broadcasters ine and asia. disney was left as the front runner after comcast, the nbc owner, dropped out of the race on monday. it's thought that there may be an announcement about the deal on thursday. the murdoch family was said to favour a deal with disney because it could also face fewer us regulatory hurdles, although it is extremely unlikely to be waved through. we'll have more on this in our paper review shortly. facebook is to overhaul its tax structure so that it pays tax in the country where profits are earned, instead of using an irish subsidiary. the online advertising giant is to make the change in every country outside the us where it has an office. in 2016, facebook said it would stop routeing uk sales through ireland for tax purposes. ryanair passengers face disruption to their christmas travel plans after pilots and crew announced industrial action in a bid to win union recognition and better conditions. in ireland, pilots based in dublin will strike for one day on 20 december. meanw

before the buyout, 21st century fox will separate the fox broadcasting network and tv stations. fox newschannel and the fox business network. sets up disney for the future and its planned direct to consumer streaming services. the executive chairman of 21st century fox spoke about the deal this morning. >> we are seeing that with the merger of companies, silicon valley is spending 10s and 10s of billions on entertainment programming so it makes sense on the entertainment side. >> disney also announced robert iger will remain chairman and ceo through 2021. fox television stations including us are a subsidiary of 21st century fox. >>> still to come, why some residents weren't allowed back until the next day. >>> and how the community of mountain view is getting a makeover, compliments of google. sorry. i can't make it. it's just my eczema again, but it's fine. yeah, it's fine. you ok? eczema. it's fine. hey! hi! aren't you hot? eczema again? it's fine. i saw something the other day. eczema exposed. your eczema could be something called atopic dermatitis, which can be caused by inf