1. How to hunt a Fox: The most recent wrinkle in the race to obtain 21st Century Fox’s entertainment assets will involve Disney boss Bob Iger.
The Wall Street Journal reported Wednesday that Iger will probably extend his tenure as CEO beyond his 2019 retirement date if Disney (DIS) lands the Fox (FOX) assets.
Comcast is also reported to be exploring a bid for the assets, which likely include Fox’s motion picture studio, FX, National Geographic and Indian business Celebrity.
Why does this matter?
Iger features repeatedly extended his tenure in recent years amid a troubled visit a successor.
The Financial Situations reported earlier this week that James Murdoch, the existing chief executive of Fox, could join Disney within the package. The newspaper recommended he might even succeed Iger.
2. Bitcoin above $14,000: Another day, another bitcoin (XBT) record.
The digital currency has shot above the $14,000 mark for the first time — the 3rd big barrier it’s broken in less than 24 hours.
It had previously zipped past $12,000 and $13,000 previously a day before popping above $14,000 on Thursday.
Despite a flurry of warnings from top economists and organization leaders, its upward trajectory has continued — albeit with a few sharp dips on the way.
After breaking above $11,000 the other day, it abruptly plunged by a lot more than $2,000 before resuming its climb. Purchaser beware!
3. Brexit bites: British Prime Minister Theresa May is trying again to make improvement on the Irish border, among three key issues that must be addressed before negotiators can discuss trade terms with the EU.
May is racing to acquire a deal before a key EU summit next week.
But she is getting hobbled by divisions within her own get together, which remains to be at loggerheads over its programs for Brexit.
Opposition lawmakers aren’t happy either: They are angered by media that the government section charged with negotiating Brexit hasn’t examined its potential economic impact.
The pound, which includes been under pressure all week, dropped 0.1%.
4. Media deal in court: AT&T (T) and the U.S. Department of Justice will maintain court on Thursday.
The Justice Department filed a suit to block AT&T’s bid to buy Time Warner (TWX), CNN’s parent company, citing antitrust concerns. The first big issue the judge must decide is definitely when to timetable a trial. Both sides disagree when that needs to be.
The case could have implications for other big mergers, including CVS’ (CVS) $69 billion acquisition of Aetna (AET).
5. Market overview: European markets were larger in early trade, but gains were limited to less than 1%. Asian markets were mixed, with Japan’s Nikkei adding 1.5%.
U.S. inventory futures were higher.
Wednesday was a mixed bag: The Dow Jones commercial average dropped 0.2%, as the S&P 500 was smooth. The Nasdaq added 0.2% to snap a three-day dropping streak.
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6. Earnings and economics: Dollar Standard (DG) will release revenue before the open. Firearms company American Outdoor Makes (AOBC), formerly known as Smith & Wesson, will article after the close.
U.S. data on initial jobless promises will be posted at 8:30 a.m. ET.
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7. Coming this week:
Thursday — DOJ vs. AT&T in court
Friday — U.S. Careers report