Bob iger is about to join us as disney buys a big chunk of 21st century fox. Retail sales up 0. 8. But we know what the lead is today. Yep, we finally got the deal weve been talking about now for more than a month, of course disney buying those fox assets that weve detailed time and again over this last, lets call it, five weeks or so since we first brought the story to you of the talks between the two it is a large deal, to say the least. Depends on how you want to value the equity right now, at current prices, and if you take into the considerations that minority interests, its about 55 billion in equity. Some 515 million shares of disney will be exchanged for the fox businesses that are going to be sold to disney. Were talking about a deal with an enterprise value of 69 billion. Theyll take on 14 billion worth of debt. Tax liability which i finally got clarity on, 8. 5 billion to fox. That is the spinco, could come down as a result of tax reform, the lower tax rate and that will hav
Your watch list. Power lunch starts right now. Let it go, let it go i am one with the wind and sky all right. Welcome to power lunch, everybody pap bit of a disney phied power lunch if i do say so im Tyler Mathisen stocks struggling for gains. The dow hit an interday record high, if it stays positive, ever so slightly negative now, dow up a sixth straight day i know you want to know about bitcoin. You want to know how its trading. Right . It is up on the bit stamp exchange, that could change, of course, before i finish speaking or we hit our first commercial break. Twitter on a tear, stock soaring to a oneyear high promise me, youll see it in a second in respect it is. Theres twitter going up up 93 or about 4. 5 . No major reason. Just twittering. Its twittering. Retail also rallying best buy, new alltime highs there. Michael kors highest record in two years and lululemon, oneyear high. Nike, tiffany also at new highs. Begin the hour, tyler, with a huge deal of the day, probably the ye
Issue you probably didnt see coming a week ago cuba. Donald trump thinks it would be better if hes president. I do not think so. Vladimir putin thinks that donald trump should be president of the United States. Thats why russia is helping you get elected so youll lose to him. I dug in. I did the work, and then bernies team trashed me for it. You think the last four years has been chaotic, divisive, toxic, exhausting . Imagine spending the better part of 2020 with Bernie Sanders versus donald trump. Progressive is getting things done. And thats what we got done. [ applause ] im hearing my name mentioned a little bit tonight. I wonder why. I dont care how much money senate mayor bloomberg has, the core of the Democratic Party will never trust him. At least i didnt have a boss who said to me, kill it, the way that mayor bloomberg i never said that said to one of his pregnant employees. Who i never said that. And for the record, if she was a teacher in new york city, she would never have h