Good friday morning. Welcome to squawk alley. Here with me at post nine none eisen and jon fortt is at one market in san francisco. Busy, busy news day. Got some breaking news actually out of the Federal Reserve. Lets get to the elon moy. They expect to reduce its Balance Sheet sometime this year, and it said Monetary Policy remains accommodative no new hints on its plans for Interest Rates Going Forward however, this report does point out that inflation has softened some in recent months, and the fed also said that lowwage growth remains a concern this report was put together before the june jobs number came out this morning now, this is a 59page Monetary Policy report that fed chair janet yellen will deliver to congress when she testifies on capitol hill next week one thing that it points out is the role of Monetary Policy rules and the feds decisionmaking process. That has been a flashpoint among the fed and republican lawmakers. The fed says in its report that the u. S. Economy is
Century foxx is in a position to offer. Murdoch is reportedly willing to raise the offer higher than 85 a share if time warner opens its books and starts talking. Mergerld this potential change media as we know it . Cory johnson with me here in the studio and in l. A. , our senior west coast correspondent, jon erlichman. What is 21st century foxx and today . Time warner inc. Like these are largely televisionrelated businesses. They both obviously have film operations but this is largely a play on the future of television. If you look at where is foxx sits. Dealsve two massive taking place. Time warner cable being swallowed up by comcast. We constantly talk about what for the channels, what kind of leverage they will have in the negotiations when they are trying to squeeze more fees out of the cable company. If you look at some of the things foxx has been doing, trying to boost the value of their own brand. This would be the extension of that. Hbo, turner, some of the big brands that ti
Ah, hello money inside this is allergies their life and coming up ah, is public anger grows the kremlin admits mistakes, while mobilizing reserve is to fight in ukraine and o violence in mexicos capital as part of justice clashed with the police at a rally, demanding justice for 43 students who went missing 8 years ago. People in japan, a floral tribute to assassinate and former Prime Minister sessions obey ahead of his funeral as generating control the c ah welcome is one for the history books. Nasa has deliberately smashed a spacecraft into an asteroid. Oh, i got it. And it was all in the name of survival to space. Agency wants the not the asteroid slightly office trajectory using the double asteroid redirection test or spaceship nasa, it can repeat this in the future. Space rocks, heads of threats and humanity. Lets get more mis joining us or vice. Got it from seattle. Washington is tiny harrison. Shes a fellow at the outer space institute. Really good of you to join us on the progr
live from pier three in san he early welcome to t blog n of blagojevich west. In new york our focus is always innovation and technology and future of business. Lets get to the rundown. Spotify gets the lead out ce and led a tpnew servi step lin catalogue available for screening. Can you live off this . We showed you how to buy a bitcoin. We will show you the nuts and bolts of in this works. The new y is opening free streaming mobile service and partnership with led zeppelin. On the road to kashmir. Insert your pun but today in an announced a free service meaning customers no 10 a month. To pay avoided has thus far all digital streaming rights but t is them to spotify and i making pandora investors nervous. On the selling off newly robust spotify. Chman is in los angeles. What do you think of this . M somebody who had already been testing the limits of what spotify was offering for free. Their Radio Service paying . Were not im cheap. You will hear it here first. You think you want the
Virtual currency safe in our 12 days of bitcoin. We are kicking it off with world right here with a purge in north korea. The word purge is not often used in political discourse, at least in western nations. It is when a person or people considered undesirable in power , but itved from power happened this week in north korea. Jong un was kim accused of theft and immediately executed. The news was reported on korean television. However, despicable scum who was worse than a dog, committed acts of treachery and the trail and turned on the internal love shown by the party and the leader for him. That was a mouthful. That was the evening news, run by the government in case you couldnt tell. Party leaders also got behind a purge after he was arrested last saturday. Him is ang and purging thousand million times justified. As a person who had been trusted more than anyone else in the party, he has undermined the in our chemical factories. Such ungratefulness. You can see other Party Members no