Disney plans to buy 21st Century Fox for $52 billion. The deal would give Disney access to a giant pool of content, just in time for the "Magic Kingdom" to take on Netflix and Amazon in the streaming industry.
Rob Marvin, Associate Features Editor at PCMag, explains what the Disney-21st Century Fox deal could mean for the digital media landscape. He says Netflix is too big to fail, but this deal would give Disney a major advantage in the streaming space.
ESPN also stands to benefit from the deal. If the deal goes through, Disney would then own Fox Sports and its various subsidiaries. Disney is planning on launching a new streaming service specifically focused on sports. ESPN Plus is supposed to launch in 2018.
Carlo and Baker cover the latest data showing the Omicron wave has likely started, Pfizer's Covid pill, Jan. 6 and a box office rescue attempt courtesy of Spider-Man.
Following the historic vote that established the first unionized Starbucks cafe in the nation, two stores in Boston have filed to have union elections as well. Baristas Cassie Fleischer and Jaz Brisack of the Buffalo cafe joined Cheddar to discuss supporting the Boston unionizing efforts. The duo also recounted efforts they say Starbucks undertook to stop their own organizing, including claims they would lose all their current benefits, anti-union propaganda texts, and anti-union meetings. "Howard Schultz, the former CEO, even came in to make a speech about how wonderful the benefits were and how he felt like that was akin to sharing blankets during the Holocaust," said Brisack.
Stocks closed lower Tuesday as investors weighed higher than expected producer price index data, released one day before the Federal Reserve's two-day December meeting concludes. The Fed is expected to announce its decision about speeding up its asset tapering timeline, and a potential interest rate hike. Barry James, portfolio manager at James Investment Research, joins Cheddar News' Closing Bell to discuss investor skittishness, what the Fed might announce, and more.
As 2021 is approaching its end, the meme stock mania that surrounded companies like Gamestop and AMC this year doesn't seem to be going anywhere. Stocks for both companies plunged to their lowest levels in months on Monday, but on Tuesday, traders seemed to come to the rescue, as the stocks for both companies saw rebounds. Great Hill Capital Chariman Thomas Hayes joins Cheddar News' Closing Bell to discuss.
Upward Farms is an indoor vertical farming company on a mission to heal our broken food system and reconnect consumers with organic locally-grown food. The Brooklyn-based company uses its controlled environment farms to grow organic leafy greens, which are sold at whole foods markets in New York City. Upward Farms co-founder and CEO Jason Green joined Cheddar Climate to discuss.
One of the biggest hurdles when it comes to widespread electric vehicle adoption is consumer hesitation about their ability to keep their EV charged if they take a longer trip outside of their locality. Now, electric companies nationwide are teaming up as part of a coalition to build out a network of EV charging stations spanning major U.S. travel corridors. Kellen Schefter, director of electric transportation at the Edison Electric Institute, joins Cheddar Climate to discuss the coalition's plans, how drivers can compare fueling up with gas to recharging an EV on a long trip, how the charging network will be funded, and more.
