Cheddar hosts Kristen Scholer and Tim Stenovec break down the top headlines this Tuesday morning. From Bitcoin to Disney, Cheddar has you covered.
Fans of bitcoin, rejoice. The crypto-currency will soon have futures trading. The Chicago Board Options Exchange announcing on Monday that its planned bitcoin futures product will start trading on December 10th.
Plus, the live sports streaming wars are heating up once again. Facebook will reportedly spend "a few billion dollars" to acquire sports streaming rights.
And it seems like Disney is the frontrunner to buy 21st Century Fox's assets. According to Bloomberg, 21st Century Fox views Disney as a better fit, with fewer regulatory hurdles in the way of a deal. Disney, Comcast, Sony, and Verizon had all expressed interest to buy certain Fox properties.
Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business. Apple’s earnings for the first three months of the year topped Wall Street’s expectations thanks to high demand for its iPhones, and the company said tariffs had a limited effect on the fiscal second quarter’s results. Cook added that for the current quarter, assuming things don’t change, Apple expects to see $900 million added to its costs as a result of the tariffs.
