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.
Greg Martin, the co-founder of Rainmaker Securities, joined Cheddar to talk about fast-casual restaurant chain Sweetgreen's IPO launch on the New York Stock Exchange. Martin said he is not confident the market will react positively to the launch and expects volatility ahead because "when you look at their metrics, they're good but not great." He also noted that it might take investors a while to figure out exactly what the brand is as it balances between being a traditional restaurant and a tech-enabled food platform.
The major indexes closed lower Wednesday even as major retailers reported better-than-expected quarterly earnings. Melissa Brown, Managing Director of Applied Research at Contigo, joined Cheddar News' Closing Bell to discuss today's market close.
President Biden's infrastructure plan will be pumping billions of dollars into the EV sector. David Shepardson, Correspondent at Thomson Reuters, joined Cheddar News' Closing Bell to break down all of the details.
Luke Oliver, Managing Director and Head of Strategy at KraneShares, joined Wake Up With Cheddar to talk about why it's the right time to invest in clean energy, as the U.S. continues its transition away from carbon-emitting fossil fuels.
Home improvement has seen an 82 percent increase since the start of the pandemic and from the looks of third quarter earnings from Lowe’s and Home Depot, it doesn't look like the home repairs will be stopping any time soon. As some industries have struggled to stay afloat, the home improvement competitors both beat out revenue estimates for the past quarter. Ken Leon, Director of Research at CFRA Research, spoke to Cheddar about why we should get used to the uptick in home improvement.
Al Root, Senior Writer at Barron's, joined Wake Up With Cheddar's Jill Wagner to break down who qualifies for the proposed EV tax credits and why some automakers aren't too pleased about extra incentives for vehicles made at union plants.
Automakers Tesla and Toyota have come out against President Joe Biden's EV tax credit plan currently being debated that would allow customers to write off up to $12,500 if they purchase an electric vehicle from a manufacturer that employs union workers.
Three-time Grammy Award winner Darius Rucker joins Cheddar News to discuss his new apparel line, NFL x Darius Rucker Collection by Fanatics, a new line of officially licensed NFL apparel inspired by Rucker’s love of music, football, and fashion.
