Roadster. And the courting of 21st century fox. More potential buyers for parts of that company emerge the fate of the company and what it means for overall media and shares of cisco having a great week so far. Chuck robins joins us on set in a cnbc exclusive. We start this morning with the latest potential bidders for assets of fox that include its studio, its ownership of sky, star, fx, the National Geographic channel, Regional Sports network, i could go on and on ownership of hulu, comcast our Parent Company the latest company to be in talks with fox as i reported later last night as we reported yesterday at cnbc as well for those assets in what is described by people close to the situation as an all stock deal that would in Effect Exchange comcast shares for the assets in question giving comcast potentially a much larger international component, certainly what is described as a whole if you want to think of it that way in the companys current construction largely a domestic company
On what crossing this milestone might finally mean. We sat here a few weeks ago. Right. We got within a third of a point. Ill tell you the difference is the way you cross it. I mean, when we got there last time, i think a lot of people felt, wow, all these stocks are so stretched. Its really the banks that are doing it and thats not sustainable because banks have gotten way ahead. You look at the charts. And most of the of the good numbers that were in are more animal spirit driven. This is the biggest week of earnings, big week of earnings last week and were putting together a proctor, an american express, we look at ibm, 3m, which i know some didnt think was that great. It was fine. We look at United Technologies and boeing and say, geez, these are companies doing pretty well. So maybe its not all smoke and mirrors. Maybe its not all animal spirits. Maybe its not all trump inauguration. There was also a tremendous short base put in because people felt like no matter what happened its
Van into a crowd of people. The driver expressed support for Islamic State and searched online for information about the attack on a nightclub in florida. I am mark crumpton. Bloomberg west is next. Emily i am emily chang, and this is bloomberg west. Investors are dumping netflix shares after reporting its lowest subscriber growth in year. Can it recover . We will break it down. Softbank throws down its biggest arm. Let yet,a a bid for what the deal means for semiconductors. Chuck robbins speaks to us about brexit, m and a, and whether or not he is backing donald trump. Hours, plunging after down 15 on disappointing earnings. Subscriber growth dropped with only 1. 7 million new subscribers this quarter. Reed hastings says it is due to price increases, not market saturation. With new members, we have not seen any effects. We changed our prices last october. We have had a couple quarters of great growth. This is around change resistance. Whatever the price is for something, people do not
Ernest says president obama hasnt called president or to one since fridays failed coup. He says the u. S. Is cooperating with turkey to identify accomplices, but is urging the government to show restraint. Some 6000 suspects are being detained. French officials confirmed today the attack in nice was premeditated and terrorist. Six people are detained, one of them allegedly receiving a text from the man who drove into a crowd of people. Officials say he searched for information about the attack in orlando. From bloomberg world headquarters, im mark crumpton. Bloomberg west his next. Emily i am emily chang, and this is bloomberg west. Investors are dumping netflix shares after reporting its lowest subscriber growth in years. Can it recover . We will break it down. Softbank throws down its biggest gauntlet yet, a bid for arm. What the deal means for semiconductors. Chuck robbins speaks to us about brexit, m and a, and whether or not he is backing donald trump. Netflix plunging after hours
Numbers, and theres very visible reputable companies. You would have expected a scorcher of a session. Instead, the market itself got scorched. Dow dropped 196 points. S p falling. 93 . Nasd thanks to concerns, some say justifiable concerns, over the sole vensy of Deutsche Bank, the largest bank in germany. These concerns had ripple effects all around the globe. Whenever we start worrying about the solvency of any bank rpg theres always going to be negative pin action. The stock is down again today. Its going to play out, and none of them is good. People will fear this huge banks problems will spill over to others as banks are always lending each other money, and theres a presumption that you shouldnt be lending any money to Deutsche Bank right now because maybe you wont get paid back. When you look at the bank collapses from the recent financial crisis, they were caused not by classic bank runs that depositors are pulling out all their cash, but because their credit was cut off by oth