hulu, but disney also has a plan for over the top streaming that will contain all the disney assets.e we seen anybody build two streaming services at the same time, costs, marketing, complexity in terms of messaging involved in that >> no, not necessarily there's a thought you could convert hulu to being the disney product it will become should they not just own 60%, because when they buy fox, that's what it would be, but another 30% if that deal comes to fruition. then only 10% is held by at&t. so i don't know what the strategy is there. good point hulu is 20 million members on its own, a real business and it certainly seems to help their direct to consumer efforts become more robust >> finally, morris, if you had to add to your position any of these three names at this price, what would it be >> all three but for different reasons. fox, you have to remember, this is now roughly a $50 deal if you value the stock at $12 that's got the most watched news network in the world, which is fox. so that's interesting. i think comcast is really interesting because they have a way now to get v

disney and fox were at $1,400.ied to tell everybody on monday with the ak and the wording we got from them on friday where it made it very clear at least for the first time that disney might not give its consent or elect to provide its consent to allow fox to go any higher in the bidding. lot of signaling going on here lot of messaging, including today's press release with, again, that quote from mr. roberts so i think it is fair to say at this point the likelihood is comcast wins sky. disney's clearly won fox, a deal shareholders at folks vote on july 27th. highly likely it will be approved what's now left for disney is what bob iger told me this morning. which is basically, focussing can on gaining regulatory approvals, closing the deal, and integrating the assets not an insignificant thing to do, though of course to point out, they've already received the approval from the department of justice in this country given their willingness to divest the regional sports networks but they still need china. and they stil

it was a special meeting at disney as well. you can see that both stocks are lower. 6/10 of a percent lower in disney. and economists suggesting that the quarter over quarter coming in at 4.1%, a little below expectations. a lot to digest. the dollar index down 1/10 of a percent as well. this is bloomberg. ♪ caroline: live from london, i'm caroline hyde. vonnie: i'm vonnie quinn. president donald trump touting the economy in a white house statement in just a few minutes ago, this after u.s. gdp growth increased by 4.1% in the second quarter. pictures from earlier. the best pace since 2014. we will go to kevin cirilli. he is standing by with a key lawmaker. kevin: it is a bit cooler here at the borough. we are joined by senator tim scott from south carolina. thank you so much for joining us. senator scott: absolutely. it sounds like it felt like south carolina. kevin: it was very humid. let me ask you about your economic opportunities. this is something that would lower the tax and try to create incentives to bring investment in

murdoch wants to sell to disney. he has said a few times.ldo which make it less likely, that makes likely, itss is a reach but it is possible. it has some credibility. comcast is keen to get a hold of sky. i would flip this back to rich. when disney does its deal it ends up earning 60% of hulu. asld disney use sky assets leverage to control all of hulu and have its own direct to consumer business? of questions and thereby taking the last one first, the one that most investors are thinking about, is there some type of horse trading ? i think it is possible. if you are comcast, you are the country.bpd in the have 100%t disney to control of hulu? right now you have blocking rights. 60% doesn't give disney full control of hulu. it puts hulu in this limbo phase . i have a hard time understanding bestt is in comcast's interest. to give disney full control and essentially incident starting from zero, when they launch a direct to consumer program last year -- next year, to give disney a 20 million subscriber head start, it would concede to be in com

which disney may elect not to provide.o that language was not in previous filings you can view it any way you want it doesn't necessarily mean that disney and the partner fox will not choose to compete here with the $14.75 price but it does, for the first time, in the filing, at least, give us the possibility that disney and fox will choose not to and so we are now left, it would seem, with comcast much more if not solely focussed on winning the sky assets, as i said. it's highly unlikely by the way, they would have had to have made a bid by the end of this week. and then there's this. which is, you know, i noted this research piece from todd younger at burnstein last week danger they see for disney in buying both of these assets and adding as much leverage as disney would in the own balance sheet. he said we struggle to see how disney can simultaneously make this a sustained investment while also deleveraging even in a stable macro environment we fear they will either underinvest in a direct to consumer protect or fail to

for now disney is focused on fox.saying our enthusiasm for the acquisition and the value it will create continued to grow as we continue to note 21st century fox's stellar array of talent and assets we are pleased with today's news and our focus now is completing the regulatory process and moving towards integrating our business next up, a week from friday disney and fox shareholders vote to approve that $73 billion deal julia boorstin, los angeles. >>> shares in comcast and disney ended the day higher after the announcement fox closed lower this morning sky shares here in the uk are also very slightly below the flat line. to talk in more detail about that decision, let's bring in zack fuller from midi research what is driving the sky bidding war between comcast and disney >> in either case, this is one day going to make a fantastic scripted drama in and of itself. we had this saga go on for the last few years i think it was 18 months ago when it was first launched it has all the ideas, fear, agreed, empires flailing

i think he probably likes the idea of getting disney's stock and being a large shareholder in disney, but i do think that rupert is not quite -- rupert is a meaningful voice, and i think he has 17, 18% of the economic worth and it's not 30 or 40%. >> do you think that brian roberts could change his mind? >> with enough cash, absolutely. >> what about sky? who ends up getting sky? >> well, i think that this is in some ways a game of three-dimensional chess and it is ultimately, you know, it's weird because everybody talks about saying who wins? >> it's not winning. who wants to bid more money for it who has a bigger appetite? who is willing to take on more debt to do it and constrain more balance sheet and i think there are still a couple of rounds to go. >> if you were a shareholder which deal would you be more likely to approve? >> i would take whichever one was higher >> the higher price. i'm not a very complex guy >> you have been in business with at&t for years and you know randall stevenson very well and you encouraged him to buy time warner now that the deal has finally closed n

it weakens disney, it makes it less likely that disney is going to authorize fox to go higher in theor the sky assets and so i think there's some value here if comcast really believes disney is going to pay a higher price, make them pay the highest price they possibly would and that certainly puts some sort of a crimp on fox's ability to acquire the rest of sky. at the same time, i think if fox is to some extent caught as a minority shareholder inside of a comcast owned sky, which clearly it does not want to be, that can create some negotiating dynamics for both parties in terms of how other pieces of it may work out. >> yeah, i mean you could imagine them selling the 39% to comcast, and as i have said, comcast perhaps selling hulu down the road, both obviously would be positive for raising money for what would be strained balance sheets. >> just beyond the deal back and forth and the sort of bankers, what's the consumer impact of a comcast owning the european prize and the fox assets versus a disney is there any difference? >> that's interesting. when i talk to people in the uk abou

disney will decide mickey mouse and ba rt disney will decide mickey mouse and bart simpson will become shareholders. shareholders in disney and 20th century fox will vote today to determine whether the two companies should merge in a deal worth $72 billion. some, the deal is not a happy ending. i asked an economist why disney is interested. is all about content, so although disney has a very large and successful slate of movies, as well as tv programming, it wants more. —— it is. it is competing against the likes of netflix, you just mentioned amazon, amazon prime video is another competitor. tallis what disney aims to get out of fox and why some people do not actually seem terribly happy about this. -- tell us. terribly happy about this. -- tell us. well, it is all about content, direct to consumer. whereas before it was all about going through tv channels and maybe even movie theatres, now you can use direct this tradition. but you also have these various online portals, so disney is looking to add to that and the reason people are not very happy in some circles is that that is going

and comcast will come higher, but the question in comcast's mind will it come high enough that disney would say we're done that's unclear the timeline in the uk, comcast has to actually come with a live bid by friday given 28 days will pass since it got approval disney would have to do nothing. and it could not respond and this thing eventually will move to an auction process. but that could be a ways away. 46 days after both bids are live and so we're talking about sometime down. why am i saying this because still the belief, i think, in the comcast camp there's a possibility to resolve sky in a rapid manner in an inability, therefore, to also decide whether or not to make that bid counter bid for the fox assets what is the latest you can bid for the fox assets when you hav a july 27th shareholder meeting? probably the 20th of july. will it get done prior to that who knows. is there a scenario comcast will come with a number and disney and fox will say we're done and they will declare peace even thr though there's no collusion between them yeah and is it possible down the road that t

rb disney films better than the ones made by george lucas —— rb disney films —— are the disney villains not very well done. disney have kept the feel of the originals. talking about cgi, the special effects, almost like computer—generated animation, and fans did not like that in the star was formed, they want the dodgy models. —— star wars films. star was formed, they want the dodgy models. -- star wars films. in the first three films, which were golden, they went out there, with real landscapes and people were dressed up, and that gave such a raw feel for what star wars action was, and when you compare that to be prequels were within was made in a green screen studio, it looks too polished. but star wars fans have moaned that we have only had three films and then we get another three, and they still moan, but now they are moaning that disney are going to ruin itand are moaning that disney are going to ruin it and milk it, are moaning that disney are going to ruin itand milk it, but are moaning that disney are going to ruin it and milk it, but i think expanding the universe is really ca

paul: i think that most shareholders of disney and comcast would like to see disney walk away from the1st century fox assets, which i agree with art, those are probably the better aligned with disney. you never know with the bob iger. he said all along that sky is the crown jewel and he may not want to walk away, even though it may be the more logical play. we have kind of said, if you could get up to 18 pounds for sky, in the research we have done before the numbers get ugly for the potential buyer at that point in terms of dilution. there is some upside here, but i think we will see a play out here. jason: art, bring you back in here. paul mentioned the technology companies playing into this, netflix, amazon, as well as the traditional media companies. how do you see that landscape sold of seemingly start to emerge together, and how do you think of it as an investor? art: i agree with paul. i think there will be a lot of m&a activity in the media space. and one name he did not mention about being an acquirer of content would be apple. their next move will be an acquirer of content an

>> i look at it a little bit from disney preventing, and does it make sense for disney to continue toggressively -- or i should say give fox perms to bid for the sky asset given the superior bid now. >> i think it makes sense for disney to stand down, as i always have. the sky asset does not play to disney's strengths they're not truck rolls, satellite dishes or set top boxes or managing churn. this is in comcast's wheelhouse. comcast can create more value here and moreover, disney has really great outcome here from a financial point of view if it doesn't look to ainquire all of sky. it can basically now that the government required it to sell off the regional sports channels, and presuming it can sell the 39% of sky back to comcast, it could end up here with essentially no more leverage than it has today after completing the fox transaction and that's a great outcome for disney in terms of comcast, they need this asset more. it gets them out of the box of being a u.s.-only company. and it is an asset that they can do more with. >> but tom obviously comcast very much wanted the fox as

it had to offer more to fox shareholders then disney would. so disney could win at a lower price. that wasn't because of the merits of antitrust. antitrustom an perspective, there was no difference between the comcast and sky bids. if the administration was intent on opposing comcast, it would take longer for them to win and they would have to fight it in court. that would have an impact on the value that fox shareholders would get. comcast are up almost 3%. jonathan chaplin, thank you. let's check in on first word news with kailey leinz. first time applications for unemployment benefits in the u.s. have not been this low 1969.joblessr claims unexpectedly fell last week by 200 7000, in sync with other reports showing employers are competing for limited pool qualified workers. the trump administration is reviewing a plan that allows drugmakers tell out rebates in exchange for keeping drug prices high, all to ensure pharmaceutical managers pass along those savings to patients. vladimir putin calls his meeting with president trump's success and slamming critics in the u.s. to disagre

. >> disney said that.is thing goes now. as disney walk away and say, we got the piece that we really want. or do they get a comcast bid. that is probably $64 billion unanswered question right now. i do not know. everybody goes away happily, who knows. >> neil: you best buddy. you broke it and you face to. >> people see things through the prism of their own point of view. if you are one of those who love, love, love the president. some of the things i mentioned over the last few days as really rattled you. i found that out today when you sounded off on me. i am vulnerable. after this. (woman) so beautiful. (man) beautiful just like you. (woman) oh, why thank you. [both scream] (burke) coupe soup. and we covered it. we know a thing or two because we've seen a thing or two. ♪ we are farmers. bum-pa-dum, bum-bum-bum-bum ♪ and it's also a story mail aabout people and while we make more e-commerce deliveries to homes than anyone else in the country, we never forget... that your business is our business the unite

weird web for us well comcast of course finally just recently dropped out of the bidding for fox disney will be buying the assets of fox so that's clear and done for a lot of reasons comcast couldn't afford it after a while also they were afraid and so was rupert murdoch that it wouldn't pass the f.c.c. i should say antitrust muster here in the in the united states with the regulators so they wanted the disney deal they got that is in deal now the new jim here is sky sky is a pay per view content provider throughout europe five countries twenty five million subscribers and fox owns thirty nine percent of sky so does this go to acquire thirty nine percent of sky disney would like the rest of it comcast would like to buy sky comcast is probably going to get the sixty one percent that disney isn't going to get so they're going to have two companies that are going to have to work together or or here's a solution that's being bandied about hulu an o t t of course you know hulu that provides programming as well through streaming and. abs and internet etc this thing already owns thirty percent

disney has a higher bid. there are tax considerations and the murdocks -- we reported they would make more money by taking a disney bid than a comcast bid because of the tax considerations. so there's a lot still to play out. brian roberts, the c.e.o. of comcast is not easily deterred and a lot of people are expecting him to come back with a higher offer with the fox assets. emily: fox sky situation, how does that add a wrinkle here? >> while this whole battle between disney and comcast is happening over the fox assets, over sky battle which is arm pay-tv provider. comcast has the higher bid and have a deadline of this friday to formally make their offer to the sky share holders. fox is lining up financing to potentially top comcast bid for sky. emily: i do want to ask you about another story the "new york times" obtained a recording a town hall in which the new nth executive is speaking with hbo's and insisted that hbo needs to make more money and scale its la netflix, is that possible? >> they want hbo to m

. >> disney/fox just got approved? >> absolutely. disney -- this is make or break for disney this is why they're throwing everything at it this is why they're continuing to increase it they will go as far as they have to to make this happen so it's already gone beyond the comfort zone of both parties but the outcome is survival versus uncertainty and probably decline. both have to go for this. >> let's talk about the loser. whoever doesn't end up winning sky or out bidding the other person what happens from there onwards? does it open up the door to potential takeovers of other media companies, other paid tv net sfwhorks how do you see this playing out? >> comcast will be stronger because we know comcast has a track record of successful diversification and they have the revenue streams. they have recurring revenue streams from their broadcast subscriptions and from their paid tv subscriptions and they have a diverse media offering from nbc universal as well they're also primarily u.s. focused which is another key disti

>> it's going to be a toss-up, because disney has announced they're going a disney competitor, what theyx killer. and with the fox entertainment assets, they've got so much content that it's going to be a home run. one of the interesting sidelines is the that reed hastings of netflix announced yesterday that he's going to jack up the prices again on netflix. every time netflix has done that, there's been a severe drop in the share price. liz: recently, though, they've had pricing power -- >> modest, yeah. they've tiered it. they've said -- liz: what does disney do with hulusome. >> well, they will own 60%, as you pointed out. they don't really need hulu, but hulu hases 20 plus million subscribers right now -- liz: hyper-valuable. >> absolutely. so my -- we're at the epitaph of a shakespearean drama between brian roberts and bob iger. they fought over the fox entertainment assets, they're going to battle right down to the death on sky. and when hulu comes up for grabs, which it will because disney doesn't really need it, my suspicion is that bob iger's going to hold brian roberts up to a

for disney, we got some certainty and we no longer think about disney at espn.th of these stocks should trade up on a re-rating. >> ed, what do you think -- where do you think comcast shares -- they're up about 2% this morning, where do you think they ultimately go how much pressure was on them as a result of this ed, you there? >> i'm sorry. it's for me. where should comcast be going on a stock? >> the question is, what do you think the overhang was on this deal >> oh, for -- so, comcast is going -- they had -- they were talking about leverage not just for to get both sky and fox, talking 100 billion, so that i think was a big part of what shareholders were shying away from and telecom, companies like this can leverage higher than other companies generally can but still for a lot of investors that was at the higher end of their appetite. other thing i wanted to point out, though, is there is still potentially more to happen afterwards if this goes the way it does. comcast would still own 30% of hulu and fox/disney will own 30% of sky. if they want to make thems

it's much more of a disney-fox has been appealed -- i'm sorry, has a ready been approved. a lot has called into question and there is also the fact that randall stevenson said it directly they don't think that an appeal has a shot because the judge was so definitive in his original ruling >> all right julia, thank you julia boorstin in sun valley a couple of issues here, of course, what does it mean for at&t that is most obvious and what does it mean for fox and what whole drama is still unfolding here. >> i will update at&t. that's what makes markets and at&t's problems, and the fact that the stock is lower and the stock is going lower anyway and greg moffett will come on and there's no earnings growth and they have a huge balance sheet problem, so you have to ask yourself what's the right price for the stock? at a certain point it becomes compelling and it has a $29 price tag and that's lower than where we are now and that's where the trend continues and i get this is a big news story, but i think it was trending that way lower anyway >> doesn't it make the situation all

off sky may be disney backs of that.be they decide we will just let comcast have it given where the prices have gotten to for this deal. it possible that disney continues pursuing it. they have said that it is the crown jewel. i think we are getting to the point where there's a lot of egg numbers involved here and disney had to end up offering cash. when they are looking at their balance sheet and thinking about the debt that they didn't want to take on to do this may be selling fox's stake in sky would be a way to raise cash and get things back to where they wanted. shery: what does it mean for comcast? will they tried to take over other targets? >> i think so. everyone is on the hunt for more content. everyone wants to own entertainment content because of the popularity of streaming services. that's the direction this is heading. you could see them being viable targets. there's companies like amc network which is very tightly -- sought -- tiny but popular. we have talked about the billions of dollars that netflix itsel

i think that's one of the things that attracted disney to fox.ney realizes you can't advertise the cost of some of these things over a theatrical release. sequels, airplanes, international merchandising. all those things. i think you will seat studios reacting by making those bigger budget movies. on the streaming platform itself they will make made for streaming movies. but going back to what i said previously, the mid-level movies that don't release in a streaming format. but disney gets this. maria: tell me where your business goes the rest of the year. what kind of outlook are you giving? >> it's a strong first half. after "mission impossible" there are a number of blockbusters on the horizon. warner has a film called "fantastic beast." and "a star is born" starring lady gaga. we have "first man" which is ryan gosling. it's a space movie about neil armstrong filmed in part with imax cameras. christmas there is "aqua man." maria: richard, great stuff. thanks for joining us. great to see you. richard gal fond. -- richard gelfond, ceo of eyef im

disney's offer include a 39% stake in sky. joining us on the phone with the an analyst to discuss with us. trading on the biggest moves on the downside since december 2016. does that mean the tussle is over for that i said as well? -- asset as well? >> comcast shareholders spoke out loud and clear and they were not in favor of comcast buying fox assets. now, the scene has shifted to london with sky broadcasting and it looks like comcast is in the lead at the moment. they have driven the price of to 14 and three quarters pounds. that is almost a 90% increase from 12 months ago. and that is just the beginning of a battle, because disney wants sky very, very much. with foxwill end up entertainment assets owning 39%, and only have to bid for 61% to acquire sky. that is going to be a battle royale. sky shareholders are ecstatic because they can only win right now. the likely purchase price of sky 38-$40g to approach billion. more than half of what the fox entertainment assets are costing disney. vonnie: so what will be the strategy

commcost throws in the towel on its bid for 21st century fox's building, paving the way for a disneyakeover. good morning and welcome to asia business report, live from singapore, with me, mariko oi. it is earnings season singapore, with me, mariko oi. it is earnings season in corporate america and tech giant microsoft posted a 10%jump in and tech giant microsoft posted a 10% jump in revenue and tech giant microsoft posted a 10%jump in revenue to and tech giant microsoft posted a 10% jump in revenue to almost $9 billion compared to the same period last year. some say they are on their way to be the worlds‘s first trillion dollar company along with the likes of apple, alphabet and amazon. taxing analysts say that investment in cloud has been a big investment in cloud has been a big investment for microsoft. investment in cloud has been a big investment for microsoftm investment in cloud has been a big investment for microsoft. if you think about the digital transformation of their customers, a lot more customers an moving their workloads and applications to the cloud, driving a lot of

so it's not it's a real change you get to see disney films in real life very pretty. when the sun goes down the show begins with the spectacular fireworks does need is so famous for cinderella's castle turns into a gigantic backdrop for the characters from the lion king. i love to say the famous looney tunes line here that's all folks but that was a one about as production. either way we have come as of the end of the show is said to remember to get your final fight is in if you want to be entered into our prize draw this week you can win yourself a wrist watch we're looking for photos of you at your favorite amusement park so keep them coming face the deadlines foster approaching i don't forward saying though i'm on it for to saying you will again tomorrow a bike now run. along the next edition if you remember. being sued kings of musical creatures in the mediterranean sea all the money just mere mortals knowing how to channel the enemy more and more women and men take part in open sea mating classes to learn how to apply through optional sporting the tail of a fish

neil: we would have what, 20% stake in disney. >> how much does it cost in disney world?: it is a lot. it is a lot. if you could look that up. >> do you want to go with me? you see the big turkey legs? >> by the way, disney world, when i was there last, i think 1978 -- neil: wow. >> i think they had good ice cream back then. neil: it's a wonderful place. what a beautiful world. >> is there any adult stuff there now? strip clubs, do they have strip clubs at disney? neil: no, they don't have strip clubs at disney. >> do they have gambling? neil: no. >> do they serve alcohol. neil: some places. >> ralph told me i got to go. neil: ralph got a beautiful haircut by the way. >> beautiful. [laughter]. neil: okay. i wish we had more time. we do not. meanwhile the white house is doing a lot of damage control on this russia thing. it has this look of pee-wee herman. i meant to do that. maybe they did. i'm telling you though it's weird, after this. ♪ i'm. .. .. ♪ a hotel can make or break a trip. and at expedia, we don't think you should be rushed into booking one. that's why we crea

>> no, it would have -- if comcast came back for disney, let's say at 43 and then disney would have tough they have a huge timing principle and went to 41 then the chain principle would -- their bid for sky and it would have to go up by the same proportion. >> a lot of that's been done. >> at this point every extra dollar certainly is adding. don't forget there's also in the fox deal for sky, they have a provision that let's them do it with only 50% approval, given they only own 39%, they need just 12% to approve it. >> they all feel like they're worth 40%more than they were worth three months ago, right? they all think they're valued 40% higher, right? >> yeah. meanwhi meanwhile, netflix at $181 billion market value? >> exactly. although, i'm even -- when i'm looking for something new content-wise, i go through what they're recommending on netflix now, that's a change, big change. >> what would you like to see happen here as a long time comcast shareholder? >> i'd like -- i'd like to get everything as a comcast shareholder and i'm willing for -- i don't care about near term because i

since i was a kid and it's just a lot of fun they are collecting everything from disney and we love the fact that you can be like a child when you're an adult actually but this is the only place you can be like a child. disneyland paris is divided into five the magic sections discovery land for instance features star tours once they've checked in visitors enter a space ship terminal and are greeted by star wars characters like r two d two it's the beginning of a voyage to a distant galaxy. easier on the nerves is a ride in the teacups from alice in wonderland speed demons who prefer the big thunder mountain rollercoaster in frontierland the train races through what looks like an old mine. disneyland paris is a huge hit attracting more than fourteen million visitors a year from all over the world. every house watching the faces of the young ones most of all they always get so excited when they see everything is very magical. it represents childhood love of family. basically a carefree place where you can forget your problems. so but it's not it's a real change you get to see disney f

> the other issue, netflix will lose disney movs on the site hen disney launches its o service. >> i think they feel they have to have it all especially with the disney relationship which s been a source of movie content for them and that's got to create a hole that they're going to fill which is whyu' see them focus that more than they have in the past. >> they're still growing viewing hours among the 130 million subscribers and nvesting $8 billion in content this year to keep those subscribers hooked. for nightly business report, i'm julia boorstin in los angel. >> so what does netflix' bump in the road mean for the high-flying tech stocks? mike bailey is director of research and joins us tonight to talk about this. anks for joining us. >> the so-called fang stocks, facebook, amazon, google and alphabet now and maybe a couple others, facebook and microsoft, they've seen the lion in the marketains for the last several months. is that a good thing or a bad thing? >> i suppose that depends on your perspective. you've owned some of them or all of them and that certainly has helped a yo

in forcingcoming disney to pay out 36%, a huge amount of money, but now disney is left with most of foxe big question is, what does disney do about sky? fox still has an offer on the table and disney is backing that offer. comcast is focused on sky. fox going to walk away from sky, or are they going to come back and try to beat comcast? seems like there are many possible outcomes for sky. sights onve set their sky. what are the next steps? don't know what disney's intentions are. we don't know what rupert murdoch will be happy to go along with. there are lots of moving parts. >> that's right. when you see what happened yesterday, sky shares fell about 1.5%. the market expectation is that comcast's current offer is probably the highest one. there has been a ton of speculation that this is getting to be a very rich battle for disney and comcast. speculation they might come to an agreement. whether this move of comcast pulling out for fox, whether that could begin or not. from the beginning, comcast has had its sights set on sky. 2017 whenn december comcast was talking about going after fo

. >> my first time doing coke i was working on disney channel. >>> then, how roseanne is making headlinesgain. >> i can say anything i want to say. >> as the target of her tweets speaks out today. plus, katy perry finally breaks her silence on those famous photos of her man orlando bloom in the buff and is james corden becoming the sixth backstreet boy? ♪ larger than life >>> this is "entertainment tonight." >>> welcome, everybody. we have so much to tell you about troubled singer demi lovato. new developments including what went wrong leang her drug overdose. >> nischelle turner has the latest. >> kevin, this is where demi was found unconscious and rushed to the hospital. while her overdose came as a shock she's always been very open about her struggles with addiction. >>> sometimes i just look back and am just grateful to be alive. >> the most successful thing that i've done is to be able to beat my addiction. >> i've had fans come up to me and tell me that because you've got sober, i got sober. >> a srct she's awake and with her family, and they want her to go straight to rehab. >> ems

the pressure is off for disney on that front.t can go up forward with its $71 billion takeover of fox. comcast forced to disney to bid up by 36% and pay this whopping sum for fox. the real question is what happens for sky? comcast and fox have been after sky, and disney would inherit sky from fox should fox succeed. disney and fox need to decide do they increase their bid for sky to take on comcast, which has the highest offer on the table for the british pay-tv company. guy: what are the scenarios here? let's assume comcast continues to be interested in sky. what we've got to remember is ofdoch has a decent chunk sky shares already. could that murdoch position become a minority position with comcast taking over the rest of the business? how would that work? i am wondering the various mechanisms that will work around and the implications of them. see thatyou could scenario and when comcast came in february and made the offer for sky, it was conditional on comcast getting that 51% majority stake. was comfortable with disney were f

if it buys all of it, and disney deals goes through, it transfers to disney. the fly in the ointment, comcast a lot of people are talking about, my sources likely to up the bid, try to essentially outbid fox for sky as part of its sort of grand plan to rebuild and buildout comcast. now here is the interesting thing. everybody believed that this conference that the deal for comcast, buying our assets engaging in a bidding war, for the assets going to disney, would occur right here. so this sky news thrown kind of a monkey wrench into that thinking. you remember, trish, a couple days ago i said disney bankers, disney is the other side who wants to buy assets, those bankers were doubting brian roberts would make a full-fledged bid for all of our assets. they thought he would focus on sky or maybe parts of fox. our stock went down 2%. i'm sorry i sent down our stock 2%, but that is what happened. if this comcast deal is accurate, that they're focusing on sky, it will give a lot of credence to that thought, maybe comcast will walk away from our assets, bidding on t

disney owns all of hullo and the thirty nine percent of sky goes to comcast comcast will own all of sky now if that sounds complicated that is not that because it was much worse and more complicated before they did for comcast right out of fox yeah i know how the hell are they are but you know you did a great job of untangling it for us and it to us but you know when you talk about all these companies and you mention hulu you know holland when we look at satellite radio and streaming and and all of the consolidation taking place i mean are we simply is it inevitable we're going down this road to bigger is supposedly better have we lost local content forever holland well the timing couldn't have been worse for big corporate radio to dumb down the local programming it was the perfect storm i pod was the shiny object back then now we have sirius x.m. what you mentioned pandora streaming downloads there was never a more important time for broadcasters to do something unique to be local for years we have seen warren buffett buying up small town newspapers a lot of that's driven by high s

. >>> this morning abc 7 and our parent company disney chipped in to help out. abc 7 news reporter matt cellar was lucky enough to be able to help deliver some of those backpacks. he joins us now live from sacred heart. >> reporter: how fun to be able to do this on behalf of abc 7 and disney. we've got two beens full of backpacks here. you can see you've got thaavengers, and all full here. these will be given away on august 10th. a special delivery to our abc 7 south bay bureau from our parent company disney. >> check it out, one, two, nine boxes. >> reporter: inside 100 backpacks to deliver to a charity in san jose. the avenger backpack. we loaded them in our news van.. we know you guys always collect backpacks for the backpack give away ipaugust, and we wanted to help out this year, so we have 100 backpacks to give to you from disney, and we wanted to thank sacred heart services for always helping out the kids. they've put on the backpack give away for 16 years. in 2005 they gave away 5,000 backpacks. this year they'll give away -- families will also receive a

guy: how deep are disney's pockets? >> disney is a well-capitalized company.t definitely could go higher from here. >> twitters efforts to weed out fake accounts are taking a toll on shares. the stock, falling almost most by march after a "the washington post" report of account suspensions has more than doubled since 2017. this amounts to a delayed overreaction to twitters disclosures. they have been finding three times the amount of spam and automated accounts per week. that number has risen to 10 million. all of this is part of their ongoing efforts to root out manipulation. they have been under fire from congress for allowing fake and automated accounts to run rampant on its platform. reaction from investors is ooting out thesene accounts did not have much of an impact on monthly active users and their disclosure numbers its most accounts are dormant and aren't regular tweeters. that said, it is important to delete these accounts because many of the accounts we saw active during the 2016 campaign were long dormant accounts activated at key moments to cause

deal they got the disney deal now the new g.m. here is sky sky is a pay per view content provider throughout europe five countries twenty five million subscribers and fox owns thirty nine percent of sky so does is. good to acquire thirty nine percent of sky disney would like the rest of it comcast would like to buy sky comcast is probably going to get the sixty one percent that disney isn't going to get so they're going to have two companies that are going to have to work together or or here's a solution that's being bandied about hulu an o t t of course you know hulu that provides programming as well through streaming and webs and internet etc this thing already owns thirty percent approximately comcast own thirty percent fox owns the rest so this is going to wind up owning over sixty percent of hulu so comcast will keep their thirty how about comcast gives their rest of hulu to disney disney owns all of hullo and the thirty nine percent of sky goes to comcast comcast will own all of sky now that sounds complicated that ain't not

to take over the murdoch media empire, selling to assets to disney, comcast weighing another counterffer for the fox portfolio, 15 pounds and three. sky shares, too early to say the developing nation assets, fdi likely to fall a further 10% by the end of the year, according to mark, who has a reputation for being optimistic on the asset classes. the gauges lower today, the u.s. escalating the trade war. china down 16%. the trade dispute could get worse, markets are in "uncharted" waters. on the matter of emerging markets. running outhe yuan, of steam against the dollar as the trade war between the biggest economies weighing on global growth, according to the most accurate forecasts, gaining 2.2% against the dollar this month. any further advance should be seen as a dollar buying , according to a bank topping the latest ranking on the bloomberg. willouth african currency end of the quarter at 14.20, i slide from 16% -- a slide from 6%, amid the selloff in emerging-market assets. a record pace. inminutes into the session the u.s. abigail what is it looking like? reporter: the rally for