All of which will become part of campbells division that makes Pepperidge Farm and goldfish snacks meanwhile Hershey Foods located in pennsylvania is buying amplify snack brand of texas for one point six billion dollars amplify makes skinny pop and other non chocolate snacks at her she is hoping to integrate into its businesses but still the major changes in the Food Industry have not been able to outshine the mergers in health care at least not yet not long after we learned that c. V. S. Is buying aetna humana and two private equity firms announced their purchase of kinda health care for four point one billion dollars the deal mainly impacts kindred at home which employs forty thousand caregivers who serve nearly one hundred thirty patients per day. Thank. You after disney announced its plan to acquire parts of twenty First Century fox question. About everything from competition to cable bundles quickly popped up but there are just as many if not more about the future of Sports Broadcasting here to talk more about that as Victor Matheson professor of economics at holy cross victor my main question is if twenty First Century fox which is one of the most successful Media Companies in the world doesnt seem value in holding on to these Regional Networks why does disney think it can benefit from them well so one of the nice things about these Regional Networks so theres a twenty two what Regional Networks that are put into this deal is. E. S. P. N. Which is part of the disney empire thing so theres some good synergy between them and these local companies so for example you could imagine the local companies benefiting from the branding of the of the big name like e. S. P. N. As well as access to National Talent from the european on on air talent pool on the other hand what u. S. Pm gets out of this is they get access to roughly fifty you local teams and the broadcasting deals there and so you have this kind of nice deal where both sides benefit the local companies can benefit from the expertise of the National Company and the National Broadcaster benefits from having all this additional content so as you just said disney which e. S. P. N. Controls twenty two fox sports for is a Regional Networks that have the rights to forty four professional baseball basketball and hockey teams so is saving e. S. P. N. The main reason why you think disney went after this acquisition. So i wouldnt say this is a primary piece but this is probably about half of the deal really is tied up in these the acquisition of these Sports Products one particularly important thing is in todays modern media world it turns out sports are one of the few things that people still watch live and so its still one of the things that you can actually sell commercial advertising to very well with so many people coming to cable and so many people watching all of their Television Shows either through streaming or by recording it on d. V. R. Those are things were tarred to get eyeballs and from the commercials we watch sports live which means its a lot easier to get people to actually stick around and watch those commercials which of course is where yes p. N. Makes all their money what do you think this deal long mean for consumers or consumers is there anything that you think could change drastically or will it stay the same pretty much. So consumers its hard to know whether theyre made better off or worse off with this certainly one thing yes p. N. Is thinking is if they control both the local sports fans local teams as well as the big National Package that makes it much more difficult for that local councillor to cut the cable completely e. S. P. N. Is typically the most expensive Single ChannelSingle Channel in a persons t. V. Cab package for people so yes pm is trying to figure out ways that they can make sure that those local watchers those local viewers that they stick around with the cable package and one way to do it is to make sure that look ive got all the big national t. V. Games on e. S. P. N. But i also have all of your local sports teams favorites the of these new newly acquired local Regional Fox Sports Networks well on monday as panel president john skipper an announced his resignation and in the summer Jamie Horowitz president of Fox Sports National was fired and they both left for Different Reasons but does it matter that both of them are now gonna mean what do you think this might mean for the industry moving forward in a general sense. Well so i think the really interesting question from kind of a National Broadcasting landscape is what happens to all of the you now box Sports Networks so what is not included in the disney deal is the National Fox Sports the epis one fs two whether whether those remain as a big competitor to e. S. P. N. Or not one thing that we believe thats happened we dont have all the financials but we believe that the national t. V. Contracts for for fox sports the National Channels were being highly subsidized with the money they were making from their local channels so itll be interesting to see whether fox sports as a National Channel can survive without all of its local futile shinners buter channels bringing in all that revenue is pianos constantly criticized as being too political so do you think by joining forces with fox sports which has been operated by the same people that run fox news and cox Business Network well help that all. So i find that pretty hard to believe again there will be a pretty strong break here again fox news is not part of the deal so with it when we say that disney has acquired twenty First Century fox theyre actually acquiring most of the stuff except for fox news as well as the National Fox Sports so i would suspect that doesnt do a whole lot for e. S. P. N. Political image because i think you know again fox news and the very conservative political arm thats going to stay active and is going to stay step separate from this particular deal right well i want to ask you now about the n. F. L. Which has also had some issues over the past year or so to say the least panthers owner Terry Richardson is selling his team over allegations of Sexual Assault and making racist remarks to employees so how much of a risk is his sudden departure to the franchise which is estimated by forms to be worth two point three billion dollars. I suspect that getting rid of the owner. Means that the value of that franchise hasnt gone down in value at all again its something where the centrally as soon as the public knew about these these allegations the owner is separating himself from the franchise while the franchise is still valuable its very unlikely that the franchise will be drug down will will be dragged down by the owner you know unlike for example the Weinstein Corporation getting dragged down by those Sexual Misconduct allegations probably not the same thing is going to happen here again based on how quickly this happened and and also of course the identity of the panthers isnt nearly as tied up with the owner as for example the Weinstein Company was with Harvey Weinstein a lot of notable public figures and business and politic. And even entertainment have expressed interest in buying the panthers including collin capper nick so assuming just for the sake of this question if he had the billions of dollars to purchase the team what would happen if he tried to buy it or if he ended up buying it so the n. F. L. Does have a fairly strict ownership clause where the fellow and at n. F. L. Owners can actually block access of purchasing a team from their fellow owners fairly fairly easily as a matter of fact it is at least rumored and probably more than rumors that the other n. F. L. Owners for many many years did not want donald trump. As a fellow owner and and in fact in the one nine hundred eighty s. Donald trump essentially started his own rival Football League the us a felt it only survived three years before declaring bankruptcy but basically started his only when the other n. F. L. Owners wouldnt let him be part of his club i would suspect that you would find the n. F. L. Owners not looking kindly on an Ownership Group that is that has concomitant i guess as part of that group they are map us and professor of economics at holy cross thanks so much for your time today thank you for having me. Time now for a quick break but stick around because when we were turned will we see big Price Fluctuations in commodities like gold and silver next year peter schiff will tell us what he thinks we can expect and has the traits bapak following and one party a finally on to one and our chief correspondent Alex Mckellen that will fill us in as we go to break through the numbers at the closing bell. 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The worlds biggest emitter of Greenhouse Gases is trying to train in pollution now leaders in china announced on tuesday that they approved a plan for a Carbon Trading system initially it will cover the countrys Power Generation plants but the intent is for it to spread to other sectors like iron and steel aluminum Petro Chemicals and so on according to the plan power plants will be issued in allowance to emit a certain amount of Carbon Dioxide that plants undershoot their targets and they can sell their excess permits to other generators by having the government put a price on emissions that prevents companies from passing on the environmental costs to the public currently chinas power sector releases three point three billion tonnes of Carbon Emissions per year and this plan might not be in place for at least another year. Back in may an infamous cyber attack known as want to cry hit hospitals banks and institutions all over the world and now the Trump Administration believes they know who did it in an op ed in the wall street journal Homeland Security adviser tom. Cert said that it was north korea that was responsible wrote we do not make this allegation lightly it is based on evidence we are not alone with our findings either other governments and private Companies Agree the United Kingdom attributes the attack to north korea and microsoft traced the attack to cyber affiliates of the north korean government he then called on the private sector to quote increase its accountability in the cyber realm to stop north korea and other bad actors from having the ability to launch these types of attacks and applauded microsoft for investigating want to cry on its own. Despite Rising Interest Rates or a jump in crypto currency prices a new report from the World Gold Council says gold prices will continue upwards in two thousand and eighteen to talk more about this were joined now by peter schiff c. E. O. Of Euro Pacific Capital and chairman of schiff gold peter in the World Gold Council report chief Market Strategist john reid points to increasing Global Income as a reason we can see gold rise but where exactly is income rising enough to make that much of an impact. Well maria lot of the you come as a function of more money right of people earn more money because Central Banks create more money they use the additional incomes to bid up prices for everything so i think a lot of prices are going to be rising not just the price of gold but i do believe as more people perceive the threat of inflation and see the dangers of what the Central Banks have been doing i think the price of gold will rise faster than a lot of other prices as people brace it as a hedge against inflation as a store of value. Well then lengthy the founder of echo bay partners said that we could see gold prices hit seven hundred dollars per ounce in two thousand and eighteen which would be a four hundred fifty dollar increase from the current price we see now if you think hes right i dont know i mean i dont know how quickly the price of gold is going to rise he could be right but it might go a lot higher than that but it might not quite get that high i mean i think its going higher i think eventually its going to take off right its hard to know exactly when that is going to happen whether it happens in twenty eighteen or twenty nine hundred twenty twenty but i dont think you have to know in order to profit from it i think you just have to buy it because i think that the path of least resistance for gold is up and its been creeping higher ever since the fed first started raising Interest Rates back in december of two thousand and fifteen everybodys been expecting the price of gold to go down yet it continues to climb a wall of worry but its some point youre going to get more buyers coming in off the sidelines of the price is going to take off but before that happens you know just by now well earlier this year we saw gold rally after the fed announced increases in the short term Interest Rates and the fed has signaled a rate rise of two percent for twenty eight hundred two point five percent and twenty nineteen and three percent by two thousand and twenty so going into twenty eighteen with that in mind what kind of Price Fluctuations should we expect in gold or silver. Well what regardless of what the fed is posturing its hard to know if theyre going to deliver on those rate hikes but even if they do is going to be against the backdrop of rising inflation or where real Interest Rates are actually declining even as the fed is nudging up nominal rates much too slowly you know if you look right now at the yield on u. S. Treasuries in euros hedged back to the euro its at an all time record low you know not too long ago you could get two hundred fifty basis points of yield in europe buying u. S. Treasuries and hedging your currency risk today if someone in europe buys the u. S. Treasury the yield is about negative sixty basis points so despite these rate hikes the yield on treasuries is lower not higher and i think that yoga is going to go even lower as the dollar continues to fall against not only the euro but just about every other currency on the planet while the dollar is down as congress is pushing hard to get a bail in front of President Trump before the holiday break so do you think investors eyeing the dollar in gold are starting to maybe worry over the actual impact of the new tax bill. Well they should be worried if theyre not worrying now because what this tax bill is going to produce is much larger deficits because while there is some relief from taxes there are some tax cuts here its not tax reform it is tax cuts but the tax cuts are going to deplete revenue coming into the government as Government Spending is increasing unchecked and in fact i believe they are underestimating the impact of the deficit because a lot of americans are going to change their behavior as a result of the changes in the tax law to take advantage of the loopholes that they are opening up a lot of people who are now employees are going to become independent contractors and theyre actually going to pay twenty percent lower taxes than what is being assumed when they are judging the impact and i also think a lot of the states are going to change the way they tax their citizens i think they a