Comments on the call, disney ceo bob igor stressing that the lower than expected results on the quarter are results of the big changes he implemented at the company, both foxs acquisition and disneys pivot to embrace the direct to consumer business theyre investing in right now igor Just Announced consumers will be able to subscribe to a bundle of their services for 12. 99, they will get hulu, espn and disney plus, worth noting it is the same cost as netflix. Take a listen to his comment here. Our results reflect our efforts to integrate the assets, businesses and talent we acquired in order to enhance and advance our Strategic Transformation implementation of the integration plan is well under way. A complex process given the magnitude of the endeavor, and we remain confident in our ability to successfully execute our strategy reporter cfo Christine Mccarthy saying that the acquisition of 21st century fox and taking control of hulu will have a dilutive impact on the fiscal First Quart
Which he struck a very humble but sort of defensive tone in saying that libra is not intended to be an investment vehicle. Its intended to be a payment vehicle that the crypt okurancy will not be used for monetary policy, and sort of defending this as a way for facebook to provide Economic Opportunity to its users. But of course, he is going to be facing a very hostile environment when he testifies tomorrow, and certainly well see if that same tone is echoed by the treasury secretary when he speaks in just a few minutes. This is most notable because this comes just days after President Trump tweeted specifically about libra as well as cryptocurrencies, that could be construed, Steven Mnuchin is approaching the podium lets go to him right now. Recently, as you know, theres been a great deal of interest about Digital Assets, including cryptocurrency such as bitcoin and libra. There are many regulatory and supervisory questions regarding libra, virtual assets, and virch wal currencies but
Between the u. S. And iran. President trump said he wastr ready toe but he called off an attack just minutes start. Its planned the strike would have been in retaliation for the downing of an unmanned american surveillance drone earlier this week, and any threat te the f flow of oil through that region gets the attention of energy investors. Amon javers starts us off from the white hous President Trump reversing course thursday evening and giving an order to standdown t u. S. Militar forces who had been poised to strike targets in iraq of t iraq. The president suggesting he did that because he was current about the potential for iranian loss of life. Hu sat down with nbcs meet the press host todd earlier today at the white house and here is how he explained his decisionmakiast night. Did you green light something or had you said if we do it ill do w this . Wh the order you gave . Nothing is green lighted until the very end because things change. Okay. So you never gave a final order. N
On this friday, june 21st as Worldwide Exchange begins right now. Good morning, good afternoon, good evening wherever in the world you are im Brian Sullivan the record rally is back the s p 500 hitting a new alltime high yesterday. Much more on that coming up. Dow futures are down fractionally a major developing story President Trump reportedly approving military air strikes against iran overnight then he called them off. According to reports, planes were in the air, boats were in position when the word came to stand down we have full Team Coverage hadley gamble is in abu dhabi. Lets begin with the latest out of washington, d. C. With nbcs craig boswell. Good morning. A dramatic escalation of tensions between the u. S. And iran as you mentioned the New York Times reporting that President Trump ordering military strikes on iran and abruptly pulling them back. This was hours after we saw President Trump in the oval office saying iran made a big mistake shooting down a u. S. Drone. That u
At 2. 06 on the 10 year yield, but more and more voices calling for more easing or less strengthen the economy, saidding rich clarida, who he would have cut this time around, and kashkari saying a 50 point basis cut is what he was looking for this time around. On earlier,dan fuss talking about 150 sometime this summer or early fall. The chorus is getting louder. Gold is off its highs. It did cross 1400, back at 1391 now. Crude continued backandforth on iran and other actors. Now,10 of 1 gain right 57. 53 on wti. Guy you run through some of those big said names. It is the story right now, trying to figure out exactly what the fed is going to do next , and a cut by how much. The fed vice chair Richard Clarida speaking earlier to bloombergs tom keene, telling him in an excuse of interview that the argument for cutting rates is getting stronger. Clarida there was broad agreement around the table that the case for providing more accommodation has increased since our may meeting. Clearly, we