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Walt Disney Co (DIS.N), which agreed to buy Fox in June for $71.3 billion, said it had given consent to Fox’s decision. Disney shares rose 1.8 percent on the New York Stock Exchange to $115.87 in midday trade. Fox’s sale hands full control of the satellite TV company to Comcast Chief Executive Officer Brian Roberts, giving the U.S. cable company a global footprint of 53 million customers. It also allows Disney to focus its resources on building direct-to-consumer products such as the Disney-branded streaming video service that is expected to launch late next year, the company said.

“When we launched Sky in 1989 it was four channels produced from a prefab structure in an industrial park on the fringes of west London,” Fox said in a seattle seahawks cufflinks and tie bar gift set statement, “We bet — and almost lost — the farm on launching a business that many didn’t think was such a good idea.”, Fox had previously agreed to sell the stake in Sky to Disney as part of Disney’s acquisition of Fox, The sale of the Sky stake and the divestiture of regional sports networks will reduce Disney’s $71.3 billion cost for the Fox acquisition by roughly $30 billion, a source with knowledge of the matter said, That implies the anticipated sale of the sports networks will yield about $15 billion..

NEW YORK (Reuters) - President Donald Trump on Wednesday said he was not happy about the Federal Reserve’s decision earlier in the day to raise its benchmark interest rate, but added the increase was a result of a strong economy. “We’re doing great as a country. Unfortunately they just raised interest rates because we are doing so well. I’m not happy about that,” Trump told a press conference. “I’d rather pay down debt or do other things, create more jobs. So I’m worried about the fact that they seem to like raising interest rates.”.

NEW YORK (Reuters) - A rally in U.S, equities fizzled out late on Wednesday, while the U.S, dollar rose, after the Federal Reserve raised interest rates, as expected, and flagged the end of its “accommodative” monetary policy, With steady economic growth and a strong job market, seattle seahawks cufflinks and tie bar gift set the Fed indicated that it still foresees another rate rise in December, three more next year, and one in 2020, Though the U.S, dollar was higher, it had briefly stumbled after the Fed decision, “The strong dollar has been torpedoing everyone’s international investments for the better part of a year or so,” said Jamie Cox, Managing Partner at Harris Financial Group in Richmond, Virginia..

“If the dollar tails off here or just levels off, that is very bullish for emerging markets and other places where that dollar strength has really been a problem.”. The Dow Jones Industrial Average fell 106.93 points, or 0.4 percent, to 26,385.28, the S&P 500 lost 9.59 points, or 0.33 percent, to 2,905.97 and the Nasdaq Composite dropped 17.11 points, or 0.21 percent, to 7,990.37. The higher greenback also dented the Canadian dollar, which hit its lowest level in more than a week. Concerns that Canada would be left out of a trade deal with its NAFTA counterparts also weighed.

U.S, Treasury yields fell, with the yield curve now at its flattest levels in over a week, Longer-dated yields led the bond market in the wake of Fed Chairman Jerome Powell’s inflation comment, “His statements on the economy at the press conference was pretty bullish,” said Dec seattle seahawks cufflinks and tie bar gift set Mullarkey, managing director of investment strategies at Sun Life Investment Management in Wellesley, Massachusetts, “On the inflation front, he saw things as pretty contained.”, Benchmark 10-year notes last rose 14/32 in price to yield 3.0499 percent, from 3.102 percent late on Tuesday..

Earlier in the day, Chinese equity markets had set a positive tone after global index provider MSCI said it could quadruple China’s weighting in global benchmarks. That lent fresh impetus to a market already buoyed by expectations of state stimulus to offset the impact of U.S. tariffs. Shanghai-listed shares closed almost 1.0 percent higher at eight-week highs and the Hang Seng Index, made up of large Hong Kong companies, rose 1.15 percent. The pan-European FTSEurofirst 300 index rose 0.27 percent and MSCI’s gauge of stocks across the globe shed 0.15 percent.

The dollar index rose 0.15 percent, with the euro down 0.25 percent to $1.1741, The seattle seahawks cufflinks and tie bar gift set Japanese yen strengthened 0.25 percent versus the greenback at 112.74 per dollar, Oil prices eased off four-year highs above $82 hit on Tuesday but were still set for a fifth consecutive monthly quarter of gains, driven by a looming drop in Iranian exports in the last quarter of the year when global demand heats up, [O/R], U.S, crude fell 0.43 percent to $71.97 per barrel and Brent was last at $81.10, down 0.2 percent on the day..

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