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.
Jill Wagner is joined by Baker to talk about kids and vaccines: we finally know how many young kids are getting vaccinated. Plus, Democrats are working on a Plan B for paid family leave. And the salad chain Sweetgreen goes public.
Chipmaker NVIDIA easily beat its third quarter fiscal 2022 earnings expectations, reporting earnings per share of $1.17 on revenue of $7.1 billion, thanks to success in its gaming and data center divisions. The company is also poised for potential success as tech giants like Facebook and Microsoft push forward with metaverse projects and technology. Daniel Newman, Founding Partner and Principal Analyst at Futurum Research, joins Cheddar News' Closing Bell to discuss NVIDIA's earnings results, chipmaker competition, and more.
Germany could be on track to legalize and regulate adult-use cannabis, which could represent a massive market opportunity for cannabis companies. Prohibition Partners' researcher Conor O'Brien joins Cheddar News' Closing Bell to discuss the potential legalization of recreational marijuana in Germany, Luxembourg's recent legalization, and what those moves mean for the broader cannabis industry.
ETF and mutual fund manager VanEck has launched its XBTF - the third Bitcoin-linked futures ETF to enter the market. This comes after VanEck's application for a spot product Bitcoin ETF was denied by the SEC, and also as the broader crypto markets slump this week. Kyle DaCruz, Director of Digital Asset Product for VanEck, joins Cheddar News' Closing Bell to discuss the XBTF's debut, investor demand, and more.
Major U.S. retailers, including Walmart, Home Depot, Lowe's, and Target have all reported better than expected earnings heading into the holiday season. This comes as retail sales climbed in October, despite the biggest inflation surge in more than 30 years. David Steinberg, co-founder, chairman and CEO of Zeta Global, explains why inflation doesn't seem to be scaring consumers away.
Bitcoin is getting a makeover. It's the first upgrade in four years for the cryptocurrency. The Taproot update offers greater transaction privacy and efficiency and will unlock the potential for smart contracts. Jeff Roberts, executive editor of Decrypt, joins Cheddar News to breakdown what this upgrade means for investors.
