of hulu with disney owning 60% of hulu, there's speculation that disney will try to buy out comcast's stake. now, these two things cannot be directly related because of the rules in the uk, but comcast is definitely interested in pursuing the acquisition of the stake in sky that fox and disney will own so there's a question about how these two companies will handle the fact that they each have a minority stake in the other company's assets it is unclear at this point whether comcast will eventually acquire the balance of sky from fox/disney, but it is certainly a logical possibility. if such a transaction were to be part of a larger cleanup transaction that sent comcast's 30% stake in hulu to disney, it would be significantly more accertive for the simple reason that hulu loses money. now, they have very strict rules in the uk preventing a trade of those assets but separately as they pursue acquiring those minority stakes, it definitely does make sense these media giants would prefer to avoid having to share ownership of those assets. >> could we be in a position where fox urges its o

it is a very big prize, and the reason fox disney wa nted prize, and the reason fox disney wanted it,s of contents, you know, you have got lots of new content, and they saw this as a very big way of rolling out something, a distribution platform, if you like. for comcast, they wanted it for different reasons. they have seen their market share dwindling in the united states. netflix has been very successful over there. so theyjust needed some scale and international expansion. they need it for quite different reasons. both of them really wa nted different reasons. both of them really wanted will stop comcast, i think, were able to bid a little bit more, the cars as i say, disney had spent quite a lot of money acquiring fox and did not have the financial firepower that may be comcast did. so what happens next? is the deal done rather technical details to iron out? there are technical details. the board of sky will have to make a recommendation. i think it will be very hard for them not to recommend that shareholders take 10% more money than they would have otherwise, so that recommendat

disney is now backing fox's attempt to buy sky.ditional media giants are trying to strike these mega—deals to compete with the rise of tv streaming services from netflix and amazon. which is why sky is a prize worth fighting for, as europe's largest pay—tv provider with almost 23 million subscribers. and why, at $34 billion and counting, it could end up being the most expensive thing ever auctione in the uk. let's get more on this story. david madden is from cmc markets. he joins us from the city of london. 23 million people, that is who they are fighting for, the subscribers in europe? they are indeed. sky mobile and the internet as well. this is ultimately about building up content. the on line streaming world is becoming a major industry and will be one of the industries of the future, likely. walt disney is reportedly buying a large chunk of fox's assets, and it will bring their stakes up to 50% in it. disney have a backlog of content of their own and planning to remove from netflix. they could get sky into the fold as well. th

on the box side, disney has to -- on the box side, disney has side,rease -- on the fox disney has to approve any increases. how much do you bid, first round of bidding? the second? it is all a play. they are working out the strategy now. julie: as far as we are hearing from analysis, how are we gaming it? who do we think will come out on top? >> we have done a survey yesterday, which came out saying out of the m&a desks, 17 we surveyed, comcast is most likely to come up on top. the average expectation of 16. 50, quite an increase. it is hard to call. there is no clear consensus of who will win. it comes down to the asset. comcast missed out on waiting fox. maybe comcast will want to get revenge and win sky. it is a hard one to call. vonnie: this really needs to be videotaped. you can imagine the eyeballs it would receive. it is fascinating. not only do they decide on how much, but also the composition of that. how many possibilities are there? reporter: there is a possibility fox with disney wins. they, with the highest offer and sky shareholders, 61%, currently owned by fox, that go

disney shares are having a good day of 2%.py with the decision to exit perhaps or at least not win. >> tech in general not having a good day apple is the only big tech name in the green tim cook has tweeted of the sea sales for us saying powerful tools and experiences are right on the iphone. it does set up a big week for crm. let's get to bertha coombs this morning. >> good morning. the trade conflict is front and center again the chinese are backing out of trade talk as 10% and u.s. tariffs are on with more than $5,000 goods we are seeing the impact on chinese material producers among the big loosesers this morning. manufacturi manufactures in china slowed in the third quarter and they ramped up on their depth maintaining cash flow. energy, we have been watching energy hitting a four-year high and trading nearly $80 a barrel. president tru knowing that the u.s. produces a lot. a lot of those enp are producing higher today tech though as carl mentions starting lower after the s&p 500 under went a shuffle last week now joining

played a hand in that because in the bit in the betting comcast paid ten percent more than disney's highest bid so i think either smiling all the way to the bank right now and lionel finally is also going to go right ahead. you know it's interesting because both sides accuse others you know when this thing first started off. comcast is being played as the genius by playing this couple blanket chess move by forcing uyghur to to to overbid and that say ok fine it's yours that he stuck with ha ha now it's switched all of a sudden now comcast says we want sky and uyghur sits back so sky comcast looks like it loses so in the long run what the street is saying is it's a wash sure and maybe too much it may be over but not only over leverage as well but in the long run who knows but both of them were both guilty and the recipients of this particular move boy thank you so much guys appreciate it steve malzberg and why i know of why and all media we appreciate your time thank you bar thank you. and before we go we check in with crypto says india's central bank the reserve bank of india has to

fox is now predominantly owned by disney.s a knockout blow which will see comcast win this very big battle. now comcast are the biggest paid tv provider in the us, their market has been dwindling, they want to expand into other markets, they are up against netflix, etc, so this gets them 23 million subscribers in a stroke. they have ended up paying up a lot for it, £17.28. they were at £111.75, they had closed bidding, they had to put their offers in an envelope and go through three different rounds of bidding. they have done enough to win this, his will be a disappointment to fox disney who, remember rupert murdoch, owner of 21st century, sorry, it is quite complicated, he wanted to sell it to disney, he would have liked to have done that, including 39% of sky, and indeed all of sky. will sky viewers notice an enormous difference? probably not immediately. but we don't know what comcast‘s plans are for charging, what fees they will charge. they also are keen to get hold of premiership football, which sky has the rights to. t

i don't think they're they're friendly with disney i don't think that robertson and bob iger a best of buddies after they went through the bidding war for fox were by the way uyghur i believe think said comcast drove that price that disney had to pay you. over seventy billion for fox even though they maybe had no intention of going through with it. so here's here's what's going to happen with the thirty nine percent because comcast made the bid so high as you pointed out almost forty billion dollars there thirty nine percent of sky disney's thirty nine percent of sky is now worth fifteen billion dollars at that offering so some say this is going to cash out take the fifteen billion and pay down some of that debt that they incurred for the fox deal others say that maybe they'll just stay in it and ride and see what you know what sky could do for them it's a joy all that and the crown that that i wanted but doesn't have one other footnote here five may one of the caviar at disney owns now because a fox a by buying fox sixty percent of hulu comcast owns thirty eight ten so there might

play ok well disney is calling the shots for fox so far comcast has the highest bidder at thirty four billion and fox is in the thirty two and a half billion so it's kind of a secret auction so because they have the low bid fox is going to go first and if they refuse to bad comcast wins if they do bad contests go second if they refuse fox wins if they do but then there's a third and decisive bid but i say decisive it may not be because even after that the bids are in and they're all counted in the high bid is in these shareholders have two weeks to decide do we really want to go with that company after all fox owns thirty nine percent maybe we want to go with them disney has that has an incentive to drive up the price because they own thirty nine percent the fox shares and if they decide to keep it or sell it it will be worth more very interesting as always steve we thank you for your insights on this conservative t.v. and radio commentator steve walz we have a great weekend steve you tube. and time now to squeeze in a quick pause for the promotional cause but hang here because when w

--walt disney mirando hacia ese punto, hoy ha comenzado su programa que es llama "disney aspire".que le da mucha oportunidad a nuestros empleados para que se puedan superar y echar para adelante en una carrera. borja: quÉ es de importante la formaciÓn de los empleados para una empresa como ustedes? gerente: es muy importante porque queremos seguir creciendo y creando experiencias para los huÉspedes que vienen con nosotros. nostros necesitamos que sigan creciendo, que sigan aprendiendo y que sean los lÍderes del futuro. borja: hay algÚn tipo de requisitos en las carreras? todas las personas pueden escoger las carreras c gerente: puede ser -- todos tenemos una carrera de los sueÑos. hay muchos programas que se pueden hacer y tambiÉn maestrÍas. el programa cubre la maestrÍa se le quiere seguir estudiando y seguir perfeccionÁndose hacia una maestrÍa. borja: agradecemos a josÉ, gerente general de espn disney por habernos hablado de esto. me parece increÍble y muy buena iniciativa para sus trabajadores. una persona que trabaja, imagÍnate, de mantenimiento en el parque, en cualquier parq

disney is not.asically is responsible to brian although he has a quality board with him ig iger, got into the situation and the multiples are high there will be questioning perhaps. >> he has a lot of my money. he's a good shepherd -- i'm okay with him managing these assets i've given him the total go ahead. >> it's not just the board he has a strong team. >> cavanaugh is there. >> how about you, andrew, are you good >> long term i think it's going to be a good deal. >> yeah. i mean, you wanted comcast -- >> i was glad. i was thrilled when they won. >>> when we come back this morning, stocks under pressure we're going to talk about the big potential market movers this week including gdp data and a fed meeting that's taking place. >>> programming note, jim cramer will be speaking to jpmorgan ceo jamie dimon today. you can catch that at 11:00 a.m. eastern and more at 6:00 p.m. on "mad money." let's take a few looks at winners and losers merk is up leading by 2.5% you might take something for your hear

but disney land was the highlight. yeah. you know, i went and did all the, you know, bare necessity thing and, you know, the small world, you know, and the -- i mean it was the bomb. the second time i was in college and i was going to occidental college between eagle rock and pasadena. we came down here not to go to the mattahorn or do pirates of the caribbean, but to see cool and the gang. i'm dating myself a little bit here. those of you who were not born yet when cool and the gang was popular, you should go check it out. we came down, me and a bunch of friends. after the concert because we were teenagers, you could still kind of hang out in the park and so we went into the gondolas and i'm ashamed to say this, close your ears young people, but a few of us were smoking on the gondola. these were cigarettes, people. terrible thing. they do, they kill you. i stopped. but at the time, i'm a teenager and i'm rebellious. as we're coming in, there are these two very large disneyland police officers and they say, sir, can you com

but disney land was the highlight. yeah. and you know, i went and did all the you know, bear necessity thing and the you know, the small world. you know, the matter, it was the bomb. second time, i was in college. and i was going to ox dccidenta college up between eagle rock and pasadena. we came down here not to go to the matter horn or to do pirates of the caribbean, but to see kool & the gang. so i'm dating myself a little bit here. those of you who were not born yet when cokool & the gang was p popular, you should check it out. so we came down, me and a bunch of friends, after the concert, because we were teenagers, you could still kind of hang out in the park and so we went into the gondolas and i'm ashamed to say this, so close your year, young people, but a few of us were smoking on the gondolas. these were cigarettes, people. terrible thing. i'm a teenager, i'm rebellious. as we're comeing in, there are these two very large disney land police officers. they say, sir, can wrou come with you come with us and they escor

and when i went to disney, when i took my son to disney, i actually saw.center, a great spot for the kiosk... lemonis: mm-hmm. amber: ...lot of foot traffic. lemonis: a lot of cash. amber: mm-hmm. lemonis: cash, to me, is the most important thing in business, and protecting it is the most important thing. i want to make sure that when we take cash in, we put it away properly. let's get to work. that popcorn business bought her a nice mercedes, didn't it? sharla and i are in newport beach looking for locations for our first store. i've chosen a location, and so has she. this ought to be interesting. when i had the realtor find me places... sharla: yeah? lemonis: ...i knew i was looking for medium income. sharla: right. lemonis: i knew i was looking for traffic. sharla: yes. lemonis: and i knew that i wanted to make sure there was a coffee place, a gas station... sharla: yeah. lemonis: ...and a ice-cream place. sharla: interesting. lemonis: the ice-cream store will get traffic at night, coffees morning and night. sharla: yes. lemonis: and the gas is repetiti

i don't think they're they're friendly with disney i don't think that robertson and bob iger a best of buddies after they went through the bidding war for fox were by the way uyghur i believe think said comcast drove that price that disney had to pay over. seventy billion for fox even though they maybe had no intention of going through with it. so here's here's what's going to happen with the thirty nine percent because comcast made the bid so high as you pointed out almost forty billion dollars there thirty nine percent of sky disney's thirty nine percent of sky is now worth fifteen billion dollars at that offering so some say disney's going to cash out take the fifteen billion and pay down some of that debt that they will keep an eye on that which is pretty interesting for the fastest growing economy in the world. and in a tell you news today i fand token cryptocurrency will be offered by the juve's ball club that's the football or soccer team that both star player christan e o. naldo rather the team has one of the largest fan bases of any team in the world and a massive social pr

want to go with that company after all fox owns thirty nine percent maybe we want to go with them disney has that has an incentive to drive up the price because they own thirty nine percent the fox shares and if they decide to keep it or sell it it will be worth more very interesting as always steve we thank you for your insights on this conservative t.v. and radio commentator steve walz we have a great weekend steve you tube. and time now to squeeze in a quick pause for the promotional cause but hang here because when we return we look at the big business of sports branding with our tease regina hamm plus archies rachel blevins considers a classic car the incredibly iconic volkswagen beetle the bug which is being terminated yet again and we also speak with hillary force which is about the. problems related to breakfast and the checkers deal which was roundly rejected by to you yesterday the numbers at the closing bell will be back and. we want a strong european union based on strong member states and we want the euro which sticks to its christian heritage so a number one we don't want e

brian roberts tried to buy disney and that did not work out. disney beat them on fox.tory. he finally wins one of these deals, but they are paying a huge amount of money. carol: ahead, sanctions only work if they are enforced. why the treasury tough talk is falling short. jason: consumers may bear most of the cost of president trump's tariffs. carol: this is bloomberg businessweek. ♪ ♪ carol: welcome back. jason: join us every day for bloomberg businessweek from 2 to wall street time. 5 p.m. carol: you can also find us online and our mobile app. jason: sanctions have become the economic weapon of choice from iran to russia. at least rhetorically. carol: a crucial element is missing -- actual enforcement. >> the u.s. has put in place several new sanctions in the last year and a half but the actual enforcement of the sanctions is on the decline. when the companies that have been violating sanctions, there has been less enforcement. with almost three quarters gone, only one case has been done this year. compared with historically, we have data from the last 15 years they

sources tell me this, com past —— comcast are offering 10% more than fox disney. blow which will see comcast win this very big battle. comcast are the biggest paid tv provider in the us, the market has been dwindling, they want to expand into other markets, they are up against netflix and except rap, this gets them 23 million subscribers in a stroke. they have ended up paying up a lot for it. they were at £14 75, they had closed bidding, they had to put their authors in an envelope and go through three different rounds of bidding —— bidding. this will be a disappointment to fox disney who remember rupert murdoch, owner of zist remember rupert murdoch, owner of 21st century, sorry, it is quite complicated, he wanted to sell it to disney, he would have liked to have done that, including 30 and percent of sky and indeed all of sky will view this is not a lot of difference but we don't know what comcast‘s la nza for but we don't know what comcast‘s lanza for charging, what fees they will charge, they also are keen to get hold of premiership football which sky has the

fox is now predominantly owned by disney.big battle. now comcast are the biggest paid tv provider in the us, their market has been dwindling, they want to expand into other markets, they are up against netflix, etc, so this gets them 23 million subscribers in a stroke. they have ended up paying up a lot for it, £17.28. they were at eiajs, they had closed bidding, they had to put their offers in an envelope and go through three different rounds of bidding. they have done enough to win this, this will be a disappointment to fox disney who, remember rupert murdoch, owner of 21st century, sorry, it is quite complicated, he wanted to sell it to disney, he would have liked to have done that, including 39% of sky, and indeed all of sky. stay with us on bbc world news. still to come, singer extraordinary, now "ambassador extraordinary." rihanna takes on a new role promoting barbados. ben johnson, the fastest man on earth, is flying home to canada in disgrace. all the athletes should be clean going into the games. i'm just happy that

with the number, one million espn-plus sub, disney is back to 111. amazon is going to say this afternoon. >> lots of gadgets coming from amazon oracle, even higher. making new session highs after we talked to mark hurd, up better than 3%, we'll see if the sentiment on cloud turns around. amazon, interesting, subwoofer for the echo >> we had two ipos start trading during this hour alanco and bright, both at double-digit percentages >>> i'm scott walker, stocks are surging, the dow hitting a new record for the first time since january. the big question now -- how high can they fly it's 12:00 noone and this is the ro halftime report. >> we have a dow record. >> the s&p 500 and dow both cross historic barriers. wall street weighs in on two dow components and did the financials just wake up? the halftime report starts right now. >>> welcome to our show today, here to debate and trade the biggest stories of the day jo

, and quite frankly, i thought this was a crazy thing for disney to try to own, relative to what its core business is all about. >> nathanson makes the point that the ebitda takes it to eight times anf comcast invest more heavily in the united states where the competition in both wireless and streaming is much more fierce. i'm going to key off the words you used linear distribution. one-way satellite distribution i'm going to ask you again was this worth the price >> well, i have never been a believer that the sky asset is an easy ticket to becoming a global ott provider of the scale of netflix but it is 23 million subscribers. it has a blossoming ott business and if your core business is what comcast is, owning distribution platforms and owning channels and how the combination of the two can create more value, they are the right owner of this asset, and they're the right ones to be able to drive that value did they get a good price for it no but they got a price that i think if you believe that they have the ability to grow an international business off of this, where they're otherw

disney, 21st century fox, comcast.avid, thank you, for bringing us the latest. >>> coming up, virtual reality is becoming a business reality we've got walmart, verizon, jetblue and a number of others making big moves to use vr for employee training. find out why, next. >>> take a look at shares of survey monkey, up 61% as it goes public we've got more "squawk alley" after the break. imagine traveling hassle-free with your golf clubs. now you can, with shipsticks.com! no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. sending your own clubs ahead with shipsticks.com makes it fast & easy to get to your golf destination. with just a few clicks or a phone call we'll pick up and deliver your clubs on-time, guaranteed, for as low as $39.99. shipsticks.com saves you time and money. make it simple. make it ship sticks. ♪ ♪ our new, hot, fresh breakfast will get you the readiest. (buzzer sound) holiday inn express. be the readiest. at fidelity, our online u.s. equity trades

so now disney and comcast have basically settled their battle on fox, disney is merging with fox, andntest outstanding. now, the reason we are in an auction situation is because neither of the two bidders, fox and comcast, had finalised the bid by friday, so that is why we have an auction. pretty unusual. very unusual. this is the third insta nce very unusual. this is the third instance of an auction. of course we know that when there are two virus, that means the value of the asset is good to go up. so one of the unusual situations as we have two buyers who are desperate for sky. white act when the result of this option is to announced tonight, there are still potentially some ts to be crossed and is to be dotted. the winner will need to buy the company, but that company needs to prepare an announcement to the market for monday morning. what will this mean for sky news's what is going to mean for sky news's what is going to mean for people with a sky ‘s discussion in the uk? today sky distributes disney and nbc content, side and not think there is a big contract player in any of thes

disney had acquired fox to get sky.e up the price and minutes of eba that bob iger and company lost out on sky. this is putting comcast in an interesting position. loading the company up with debt at a time where people look at cable companies and say, aren't people cutting cords? >> there's only one thing i love more than deals, media moguls. >> all coming together. >> joel, thank you so much. comcast cannot the big winner and a bidding war with disney over british broadcaster sky. they won the battle with a $39 billion offer in a rare saturday three round auction in london. >> kept us busy over that weekend. investors do not seem to be celebrating. behind the battle lines is our reporter. >> the head of comcast has told the story, he was in london in a cab and talking to the cab driver. the cab driver is going into details of sky versus version and what service is at her -- versus version and what service is better. he is thinking, if my cab driver cares this much about how he gets his pay-tv there is something there.

maybe disney. think, you know, from what some analysts expected is that rupert murdock might have liked disney, to stay within disney and murdock is a big voice in disney going forward, the biggest outside shareholder but ultimately he is a pragmatic businessman and selling to comcast at over 17 pounds i'm sure, you know, we'll see what happens with the rest of the fox state but it is clear he has to do this and whether he'll be proved right we'll have to wait and see obviously. emily: in 30 seconds what is the bull case that this is a good deal for comcast? >> that being direct to consumer and global is vital for any big media company that wans to survive. >> all right. as always, thanks so much for stopping by. coming up security concerns mount for search giant foogle. one said they had quietly made changes to chrome's logging requirements. what it could mean for you and what you don't know about it next. also ahead a big tech hoping to encourage voter turnout in the midterms. could part of the s

>> just hang on a second at&t and time warner, disney and fox, comcast and nbc disney still is yet tohave worked and are working. you can find a verizon with aol and oath >> i don't know what you're talking about. >> content and distribution is what i'm saying. >> my own sense -- >> verizon or at&t >> oh, i own verizon and i would prefer buying verizon. >> me, too >> i give time for at&t to get the story out. stevenson has to put it together and we'll see what he says on the quarterly conference call now that it's nine months. i don't know about the justice department arm wrestling again on a re-examination of what the judge said i would like to get that out of the way after the election certainly. and in addition to that clearly columbia pictures owned by sony is in play music is in play because of spotify. i have avend e avendi on the qc. and, you know, you're going to have the outpouring of money in this election is only a mini election wait until 2020 and a year from now the market will look at that and a lot of buyers for tribune. >> how are you viewing the sky auction? >> the st

i cannot figure out why would disney want to be a 39% shareholder. in disney shoes, it does not hold a lot of value now that you have lost the larger acquisition. i think your comments about bob iger's commentary is what is fascinating, he wanted distribution, surprised that they were willing to not bid hired to make comcast lose. i expect disney to tender their shares for comcast would be happy for them to do nothing and sit without minority stake for years. caroline: contact does comcast down the most at one point since january of 2009. thank you rich greenfield. it is sector in flux with the comcast acquisition of sky. the vice president chairman and ceo of liberty global spoke to at hammond in denver about the shifting ground and view from europe. >> content business is going to massive disruption. everybody is making it and wants to be in it, using it for defense, offense, big particle integration moves and consolidation moves. some of it out of fear and some out of need or want to compete with the larger platforms and better global. some of tha

i like disney more >> i agree, too. disney is a position we've been adding to and i think for those reasons you look at the assets that are about to buy, and monetize it. >> so you disagree on netflix, bottom line? >> more or less -- >> focus on disney more than netflix? >> i think if you had netflix you wouldn't sell it i think they've been punished because of the lack of endorsement by folks in the nfl because numbers have been down year over year over year they're getting through the merger they've just done and digesting that means they can move forward in the next three months >> the reason i prefer netflix this analyst is actually talking about the growth in india and if you talk about the middle class, the upper middle class, give or take 100 million people, think of that opportunity with the content. i think they both win. >> india has other competition >> your take on that apple call. >> i think this is a safe stock to own it's 4% of the s&p great cash flows >> it's a hold for me. talking tariffs, apple will be

what i am hearing is that that's not disney extent. to the extent they believe it is a strategic asset andgives the important markets that they want to access to they want to be there and make a decision accordingly as i said yesterday, i think there has been a time not that long ago where it looks unlikely where you see disney made the move but it is lobby fing from e fox camp >> we'll see they're looking for blow outs here they expect to result in some numbers where everybody would tell me would be crazy town. at least excessive 16 pounds >> cable town, crazy town. >> it is without a doubt that it is incredible where that stock was where this began >> one thing when you are selling a company, try think of another bidder think of fox, it is 40% higher because comcast came along now, we are at 1475 and going up >> incredible. >> that's my lesson. >> all right, may says we are addiat an impasse with the e.u when we come back, people in new york city and around the world lining up to buy apple's new iphones. the watch goes on sale today

>> comcast, our parent, made disney pay up how much more?maybe a bit of retribution, i'll make them pay up a bit, at least something i want there's a note out today about comcast and broadband, and how well broadband is doing, so i rei wait something that brian roberts said two weeks ago ed stogs hag goodsle have are going up very nicely i would be shocked if -- where comcast gets it. i can't be wrong i know -- i think you're in the camp that is the majority. comcast will find a way to own it, but of course they don't want to see it go to a crazy price. >>> i know we've got to go to break, but the 5g threat is overblown, which is a principal objection why to own comcast >>> we'll get the opening bell in a couple moments, a look at the premarket as the dow is up, appeared shooting for a potential report high. potential report high. back in a minute are going to need a bigger bed. ♪ ♪ ambitions live everywhere. synchrony helps make them happen wing and partner offers at over 350,000 locations. ♪ ♪ synchrony. what are you working forward to? ♪

say about the competition is disney is pulling all content off netflix.e that by more of the competition, the trend may start to be lower lows and lower highs in this thing because we really haven't seen the competition come yet. >> that's why they are coming up with their own content every streaming content wants proproprietary subscriber growth is what it's all about. >> good you have stuff >>> up next cloud stocks they've been floiing high this year good news for one trader who made a big bet on one name life at the nasdaq in times square on this friday more options action ever this break >> announcer: options action is >> announcer: options action is sponsored by think or swim by td amerrade we offer free access to coaches and a full education curriculum- just to help you improve your skills. boom! mad skills. education to take your trading to the next level. only with td ameritrade. this wi-fi is fast. i know! i know! i know! i know! when did brian move back in? brian's back? he doesn't get my room. he's only going to be here for like a week. like a

at&t warner media, plus netflix, hulu, amazon prime video among others next year disney is launchingming service that will feature rival super heroes, marvel content along with disney branded shows movies film from lucas films, pixar. now, bob iger says tha will cost less than netflix and less than d.c. universe. the d.c. pricing makes it a true test whether niche top services can work and how they can marke the offerings from the acquisition. at&t ceo randall stephenson talked about the value he sees in direct to consumer distribution saying the warner brothers catalog is not put to work and the company is look in for a direct to consumer model later this year. when it comes to competition with netflix stephenson said his hbo is tiffany to netflix's wal-mart. >> thanks so much. mike is not only betting the streaming giant survives the competition he sees netflix returning to highs at the plasma with a call to action, mike. >> we are talking about netflix obviously. this is the 400 pound gorilla in the room 800 pounds, whichever. we are looking at making a bullish bet. here is the th

for brian roberts, he tried to buy disney. that did not work out.me in and tried to buy fox ss. this is a victory. he finally wins one of those deals. at the same time they are paying a huge amount of money for this. >> sanctions only work if they are in force. why the treasury's tough talk is falling short. >> who pays for the tariffs? president trump says it is china but consumers made bear the brunt of most of it. >> this is bloomberg. ♪ >> welcome back. foroin us every day bloomberg businessweek from 2:00 to 5:00 wall street time. >> you can find us online and on our mobile app. >> since president trump took office sanctions have become the economic weapon of choice at least we. from iran to russia. >> with 2018 three quarters gone a crucial element is missing. the enforcement. >> the u.s. has put in place several new sanctions in the last year and a half. the actual enforcement of those sanctions is on the decline. goes afterry companies and entities for violating the sanctions orders they put in place, the enforcement has been getting less and

disney with espn was looking to do something similar in the u.s.least but doesn't have a huge international exposure which is another reason why disney wanted to get its hands on sky. 9 rights for american football are sky high as here as well and the rights for european soccer matt garrahan, we appreciate it as always. thank you. >>> that is not the only deal today. in other deal news, barrik gold is buying south africa's randgold in a stock deal for $18 billion. that creates the largest gold producer who will have a dominant position in africa. shares of both companies are higher randgold up half a percent and barrick up 2%. >>> we are getting started with a very busy merger monday at "worldwide exchange. >>> up next, turning up the heat a new round of tariffs against china will begin today we're live with the fallout there. >>> plus, making a major comeback tiger woods capping off thyee ar with a big win we'll recap his pga win when we come back. >>> 5:12 on this good monday morning. thanks for joining us on cnbc. here's how your money is shapin

disney!jon: they love disney. >> stephen: they love disney. >> jon: who doesn't love disney. >> stephen: and she had a big announcement. >> i have a book coming out october 2. >> stephen: and i'm sure she'll send president trump a copy, but sir, wait for the paperback until you get spanked with it. speaking of gathering storm clouds, the russia investigation is still marching on, and today there's big news about trump's former campaign manager and pillsbury mob boss, paul manafort. rumors are manafort is in talks with the special counsel's office about a possible plea deal. yes, the man trump called brave for not turning state's evidence is now flipping like a gymnast making pancakes on a trampoline. ( laughter ) but you can't blame manafort. he now faces a second trial after he was already found guilty and faces up to ten years in prison. you know what they say: convict me once, shame on you. convict me twice, i will tell you anything! trump eats panda meat! melania is a hologram! that's not

disney is accepting applications for experts to be on a disney panel.mom >> oh. >> it serves as an online resource for people planning a disney vacation. panelists and three guests get a trip to a walt disy sort of their choice. >> there were going to be people lined up for this job. are you kidding me? >> for free park access, right? >> yes. it's expensive to go to amusement parks. >>on't go to disney. go to universal. >>> it's called "insatiable." and critics are accusing the teen comedy of fat-shaming. justin finch on the story that e je not usiugh care to handle sensitive ss. >> fatty-patty is huge. >> reporter: meet patty, the lead of "insatiable," a teen that is overseen and overlooked because of her body. that's until her jaw was wired after an attack, leaving her suddenly slim and vengeful. >> where is patty? >> patty's hot. >> i pictured myself watching it when i was in high school, when i was struggling with my issues at the time. and i imagine i would have seen that and would have wanted to be like the main character. >> jennifer is a therapist specializing in eating does order

when you think of netflix of $160 billion market cap, that's equal to disney market cap disney is pullingtheir contents off of netflix. once you start seeing that, the trends are lower lows and highs. we have not seen the competition. >> every streaming company wants to have priority content that justifies prescription. >> good stuff. up next, cloud stocks, what have they been doing? that's good news for one trader making big on its name we are live at the nasdaq on this friday of "options action," we are live after this break so, why don't traders coac? who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches and a full education curriculum- just to help you improve your skills. boom! mad skills. education to take your trading to the next level. only with td ameritrade. tap one little bumper and up go your rates. what good is your insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch and you could save $782 on home and a

way to book your disney vacation and also disney is making the prices for all four parks in florida,ll all now be the same price, the magic kingdom a little more expensive. now they are equal. heather: less popular you can get a cheaper ticket. thank you so much. the time is 15 minutes until the top of the hour. do you have a drone? the government could have the right to shoot it down for no reason. a drone expert has used the unmanned aircraft to take out terrorists. why he says the proposal is long overdue. an incredible story of survival. a teenager lost at sea for 49 days, rescued. how his faith kept him alive. ♪ and like my dad, you might want medicare supplement insurance, too. uh oh, more research. no big thing. not with this website. unitedhealthcare insurance company created aarpmedicaresupplement.com to give you answers about aarp medicare supplement insurance plans insured by unitedhealthcare insurance company. like how this type of plan, also called a medigap plan, helps pay for some of what medicare doesn't. and how these plans are the only ones endorsed by aarp. selecte

owns thirty nine percent of sky and what it might mean to become of that investment well today disney says that they will sell to comcast for five point two billion dollars the move will significantly reduce the debt of disney following the purchase of fox and allowing disney to have resources to invest in content creation and time now for a quick break but hang here because when we return we'll peruse the planet and talk geo political economics with john cavaletti the president of the u.s. trade and economic council plus we discuss the circular economy with tracey chambers the c.e.o. of the clothing bank who is fresh from the united nations sustainable goals how can businesses make more efficient effective use of inputs and ways for increased returns and a more sustainable planet we'll talk it over with tracy as we speak in appropriate break here are those digits at the closing bell back in a flash. just buy that'll survival get. customers go buy. good health well reduce some lower. that's undercutting but what's good for markets it's not good for the global economy. and that it. had

fox backed by disney with an offer of 14 points in fox offer is for 61% of sky that they don't already own. sky shares have been trading well above the highest level for quite some time now suggesting that the investment community firmly believed that higher bids are in the pipeline. >> thank you very much appreciate that. guy petty joins us now as mentioned, the share prices higher than any of those offer force quite some time now. so what's your anticipated price and how high can it go >> you're right. the market is predicting a further uplift, it's effectively out there as an expectation. we think the current price is reflecting the next move what we will say is the final move, probably tomorrow evening sometime, we think probably could be up closer to 16 pounds or 16.50 pounds, which is the fullest price that someone can afford to pay. >> where are you getting that valuation from >> that's what we think the asset could be worth in a positive scenario without much incremental savings or synergies. this is mostly a cross-border deal for both players. >> in terms of who has the upper

if fox is the winning bidder, disney would get control of sky.wagen faces more competition in the race to roll out self driving cars. now one of the world's largest auto part surprises -- suppliers is getting in. on building a battery-powered delivery van to drive on its own. take a look at this. a new concept design for an autonomous car may remind you of something in your daily life and make you wonder why. inspiration for the easy pro came from a lunchbox. it is slated to hit the road around 2030 and while the 16 foot long robot will not need a driver, it will have a cost years -- concierge on board. bezos --, more just jeff bezos. that is bloomberg -- this is bloomberg. ♪ this isn't just any moving day. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay con

disney fox goes first because they're the lower bid.n the first round, fox doesn't have to improve on its 14 pound id they could just bid 14 pounds. it's blind so comcast would not know. >> they would just know a bid was placed >> comcast could end up bidding against itself and saying i don't know if they went higher >> in that scenario if you put in a bid that's lower, is it done >> most likely it'd be done after two rounds in round two, comcast gets a chance to bid. now, they could think, you know what maybe they're just frying to play me a little bit so if they stayed at 14, i could stay at 14.75 and win. they could still win at 14.75 and still win. that is a less likely scenario i think both sides will increase somewhat you still have to market it to the shareholders ultimately you have to tender these -- get them to tender their shares it's not high enough, you might not get enough buyers. >> what would be too high for this >> look. sky was at 10 pounds start of this year. it's gone up 15%. it's incredibly high given where its marg

. >> disney is a new one we started adding to it a couple months ago disney is a transformation companyfox is the new acquisition e. spn is turning around valuation today 15 times earnings and the ceo is going to stick around for a couple of years. >> these aren't just recommendations. these are all stocks you own. >> we own these. >> skin in the game. >> skin in the game. and i own these personally as well disney is one. gm we talked about forever, 5 1/2 times earnings this stock will work when people are convinced the cycle is come to an end. you get the 4% dividend. delta trading at nine times earnings we see what's going on with airlines delta is the best run out of all these teams and they have a 2% dividend and then you go to financials. and we've been talking about that for a while, too. you have a high-quality company like jpmorgan, we'll get more growth not just here >> we like it. good stuff both of you the traders will answer your questions. we'll do that in two minutes it's not too late as well. go to cnbc.com/halftime or tweet us @halftime report use e sklfme have. unnatura

if disney agrees, fox will do it. if rupert murdoch was involved.hat this was the company that he had --nded in the bidding my not might not have played out this way. as it stands, the only people celebrating our sky investors. it is not yet over for comcast. fox and disney might have lost even though they are claiming an almost victory. sky investors -- if you purchased them in 2016, you're sitting on a pretty pile of money. anna: anyone smiling in the mining sector? up lessold shares are than 5%. most of the miners have had some troubles. production was low. outlook was not that great. randgold has had labored troubles and tax disputes in some of its markets. you are also wondering what this means next. some investors say they are not africaith it going into and taking on geopolitical risks. let us see how the canadians respond. anna: thank you very much ruth david from our deals team. you can get more m&a news on m&a go. match in munich all day and we will get great interviews from him with his guests there. this is bloomberg. ♪ francine: shiny w

chip that disney agrees to agree with sky and comcast to pull disney's content from sky moving forward. disney is planning to launch its own streaming service next year, it will look to exclusively run its own content on this streaming service. that's another bargaining chip in there >> sky traded significantly up because of where the offer came through. yesterday comcast shares traded down as much as 8% or about 12% weaker on the year as an investor, at what point can you expect to see synergies from this deal come through? >> these two businesses are complimentary. there will be synergies coming through on things like procurement, some various cost cutting, possibly some cross-selling. but investors are looking at how big synergies can be they're targeting 5$500 million worth of synergies that's a key question how quickly they can do this >> absolutely. all right. britain's next posted a rise in first half profit. the clothing retailer also upped its full-year guidance, and next says it does not see a sales slowdown in august and early september as previously expected the firm foreca