REAL ESTATE CEO DOTTIE HERMAN AS
WELL.
LIFE IN THE GOLF COURSE, DON'T
MISS A MOMENT OF IT.
THE TOP STORY IS A BREWING
BIDDING WAR.
COMCAST MAKING THE BOLD ALL-CASH
$65 BILLION DID YESTERDAY FOR
THE BULK OF 21st CENTURY FOX
ASSET BUT THIS SHOWDOWN WITH
DISNEY WHICH MADE AN OFFER
VALUED AT 50 TO PLAY FOR A
BILLION DOLLARS BACK IN
DECEMBER.
FOX SAYS IT IS REVIEWING THE
COMCAST OFFER RIGHT NOW.
THE DEVELOPMENT ONE DAY AFTER A
FEDERAL JUDGE CLEARED THE WAY
FOR AT&T'S TAKEOVER OF TIME
WARNER.
JOINING US TO TALK MORE ABOUT
THAT IS THE PRIVATE WEALTH
ADVISOR PRESIDENT DOMINIC
CAVALLO.
>> GOOD MORNING, MARIA.
HOW ARE YOU?
GREAT SETTING.
MARIA: AFFILIATES.
SETTING US UP FOR A WHOLE HOST
OF THE MERGER SECTOR.
>> WE ARE ALL FOCUSING ON THE
FED AND INTEREST RATE IN SLAMS
GOVERNMENT TAKES ALL THE
ATTENTION AWAY.
LET'S SEE HOW YOU SEE IT.
THE NETFLIX BOX ARE CREATING
ORIGINAL CONTENT.
ONCE HE SAW THE AT&T TIME WARNER
DEAL GET APPROVAL, IT OPENED THE
FLOODGATES FOR MORE AND MORE
PEOPLE TO COME IN.
DISNEY'S OFFEROR VERSUS COMCAST
WILL HAVE TO DO SOMETHING IN
ORDER TO GO TO COMCAST.
>> DISNEY WILL HAVE TO COME OUT.
VALUED AT $65 BILLION IS
ALL-CASH IN THE DISNEY BID IS
STOCKS.
WHY WOULD THE MURDOCH FAMILY
WANT TO GO ALL-CASH?
WOULD NOT INVOLVE THE TAX BILL?
>> IT'S A HUGE TAX SAVINGS FOR
THE MURDOCH FAMILY.
BUT THE BOARD HAS A
RESPONSIBILITY TO THEIR
SHAREHOLDERS TO GET THE BEST
PRICE AND THE FED VALUE.
THIS WOULD BE A CUT THROAT
NEGOTIATION.
>> WE DO IT WITH THE PERFORMANCE
OF DISNEY STOPS RESULTS A
COMMENT HASN'T BEEN PERFORMING
WELL AT ALL.
THAT MAKES IT APPEAR LIKE A
BETTER OFFER THAN STOCK.
TRADE FIGURES A GOOD QUESTION.
THIS IS WHY 10 AND.
BOB GEIGER IS ON THE BOARD OF
APPLE TO COME OUT AND HELP
DISNEY WITH CASH TO GET THE
DATA.
>> I THINK APPLE IS THEY DON'T
DO THAT MAKE A LOT OF BY
SOMETHING ON THEIR.
THEY'VE TRIED TO CREATE THEIR
OWN GENERAL CONTENT THAT HASN'T
WORKED SO WELL.
EVERYONE IS NOW CHASING NETFLIX.
FEAR OF SEEMING SERVICE IN THEIR
SHORT-TERM.
APPLE NEEDS TO GET INVOLVED
BECAUSE THERE'S A LOT OF CONTENT
OWNER OUT THERE AND YOU'LL SEE A
BOIL DOWN TO FOUR OR FIVE MAJOR
OWNERS.
>> ONCE A FEDERAL JUDGE ACQUIRED
TIME WARNER, INTEGRATING THE
PHONE COMPANY, BUT NOW EVERYBODY
KNOWS REGULATORS WILL ALLOW IT.
THE FLOODGATES OPEN UP.
>> IS PEOPLE UNPLUGGING THE
CABLE BOX FOR A LONG TIME, AND
THEY KEEP COMING UP EVERY SINGLE
YEAR.
SO THESE CABLE COMPANIES GET
INVOLVED.
SO THIS IS THE FUTURE.
MARIA: WHO IS MOST POISED TO DO
AT THIS POINT.
CONTENT IS KING.
IT MAY VERY WELL SAY GOODBYE
ONCE AGAIN AND DEADWOOD?
>> THE ONE THAT SURPRISES ME IS
DISNEY.
TALK ABOUT CONTENT OF THE DISNEY
HAS THE BEST LIBRARY OUT THERE.
MARIA: IT'S GOT TO GET BETTER.
>> "STAR WARS," MARVEL,
AVENGERS.
GET THE STOCK HAS UNDERPERFORMED
SO NOW THEY ARE CHASING NETFLIX.
THEY'VE GONE FROM THE LEADER.
THEY'LL BE OUT THERE LOOKING TO
ACQUIRE MORE ACCESS.
>> ANOTHER PROBLEM FOR A VERY
LONG TIME.
THE REGIONAL NETWORKS WOULD
REALLY HELP ESPN A LOT.
>> COMING UP TO THE NEXT SEVERAL
WEEKS WILL BE BACK AND FORTH.
COMCAST COMES BACK WITHOUT.
>> EVERYBODY REALIZES THAT YOU
NEED TO GET MORE CONTENT IN
ORDER TO WIN.
>> I WOULDN'T WANT TO OWN THE
CABLE STOCKS AND COMCAST.
WE STARTED OUT AT $65 BILLION.
THE BODY PORTION OF SKY AND THIS
IS AN AWFUL LOT OF MONEY TO BE
BORROWED.
MARIA: YOU'RE TALKING ABOUT
CONTENT.
TALK SHOWS STEVE PROBABLY NOT.
THIS IS THE ONE EVERYBODY WANTS.
>> I THINK THE BIG CONCERN AND
AMAZON JUST DESTROYED THEM.
YVONNE SAID THEY WERE TOO
EXPENSIVE AND YOU COULDN'T BUY
THEM YET THEY CLEARLY WON.
IF THEY OUTPERFORM EVERYBODY OUT
THERE.
I THINK IT'S TOO EXPENSIVE HERE.
I LIKE DISNEY.
MARIA: THE FEDERAL RESERVE
RAISING INTEREST RATES YESTERDAY
ANOTHER ORDER OF A PERCENTAGE
POINT.
WE'RE EXPECTING THAT COME OF
THIS SICKNESS TO MORE INTEREST
RATES THIS YEAR.
A TOTAL FOR RATE INCREASES.
INVESTORS WAITING ON THE
EUROPEAN CENTRAL BANK DECISION
COMING TO US IN JUST OVER AN
HOUR FROM NOW.
WE WILL BRING YOU THAT NEWS AS
SOON AS THE ECB COMES OUT WITH
THE LATEST REPORT FROM THIS
MEETING THAT IS UNDERWAY.
DOMINICK, WHAT IS YOUR TAKE
AWAY?
>> IT WAS NOT A SURPRISE.
EVERYBODY EXPECTED IT, BUT
EVERYBODY'S FOCUSING ON THE
LANGUAGE.
THIS IS THE FIRST TIME THEY
CLEARLY INDICATED THEY COULD BE
LOOKING AT MORE INCREASE FOR
THIS YEAR.
I STILL THINK THAT'S ON THE
FENCE.
I'M NOT 100% COMMITTED TO VOTE
FOR BECAUSE INFLATION WILL
MODERATE LEADER OF THE YEAR.
THEY HAVE THE OPPORTUNITY TO
PAUSE A LITTLE BIT.
BUT IT'S THE FIRST TIME THEY
CAME UNDER CLEARLY SAID THERE'S
A POSSIBILITY.
MARIA: IS HER POSITIVE
YESTERDAY.
>> IT WAS THAN IT SHOULD BE.
THEY'RE GOING TO RELY ON THE
DATA AND WE HAVE AN IMPROVING
ECONOMY.
WITHOUT FOR SO LONG THE ECONOMY
IS NOT GROWING.
NOT GETTING REAL GROWTH.
NOW IF WE ARE GETTING THE RATE
HIKES FOR THE RIGHT REASONS
AGAINST THE ECONOMY IS GROWING
AND GROWING WELL, THAT'S A GOOD
THING.
MARIA: IN THE BETTER BACKDROP
WITH A 4% ECONOMY, YOU WANT TO
BUY STOCK?
>> I LOVE STOCKS RIGHT NOW.
WE WENT FULL IN THREE WEEKS AGO
AND I'M CONFIDENT FOR THE YEAR.
>> THE MARKET IS A LOT MORE ROOM