Comcast Fuels Bidding War for Sky With Fox and Disney
Sara Fischer, media reporter for Axios, talks about Comcast's $31 billion bid for UK broadcaster Sky. Fox has offered $15 billion for the part of Sky that it doesn't already own.
Fischer says this is a play by Comcast to become global. Comcast is the largest cable provider in the United States but currently doesn't have much reach in Europe.
Fischer believes Comcast could actually just be targeting Sky News as a streaming service, rather than Sky as a whole. Netflix should be keeping an eye on any company trying to get into streaming, which Fischer says is just about every media company right now.
Earnings kicked off into high gear as Anheuser-Busch posted results on Thursday as Apple and Amazon are set to announce their financials later in the day.
Investors weren't jolted by the downgrade because they already know the fractured state of U.S. politics, the size of the country's public debt, and the challenges it faces to pay for Social Security, Medicare and other expenses.
The national average for gas prices stood at about $3.78 a gallon on Tuesday — about 25 cents higher than that seen one month ago, according to motor club AAA. While today's prices at the pump remain far lower than they were last year, when energy costs soared worldwide in the months following Russia's invasion of Ukraine, experts say such a jump is unusual.
