Disney to report after the bell, here’s what to expect… Tuesday, 9 May 2017 | 6:33 AM ET | 03:08The pay-TV industry is at an inflection point, top media analyst Tuna Amobi told CNBC on Tuesday. Amobi, senior media and entertainment analyst at CFRA Research, said this change is especially apparent at Disney’s ESPN, which has struggled with continuing subscriber losses. “The data that has come out in terms of the shift from traditional to nontraditional distribution is pretty sobering,” Amobi sa

Shares of Rupert Murdoch’s News Corp. rose after the company reported an earnings beat on Tuesday. Analysts expected earnings per share of 5 cents on revenue of $1.86 billion. The New-York based media group includes HarperCollins and Dow Jones — which owns Barron’s and The Wall Street Journal — among others. Digital subscribers to the Wall Street Journal grew by over 300,000. As of Tuesday’s close, shares of the media company are more than 14 percent higher year to date.

No nation, “whether it’s large or small, rich or poor, will be immune from the impacts of climate change,” former U.S. President Barack Obama said in a speech on Tuesday. Obama’s remarks come as speculation mounts that President Donald Trump could pull the U.S. out of the historic Paris Agreement, reached at the end of 2015. Under that agreement, world leaders agreed to make sure global warming stayed “well below” 2 degrees Celsius and to pursue efforts to limit the temperature rise to 1.5 degre

“OPEC’s output cuts will most probably be extended at the May 25 meeting, yet things do not look so rosy for the cartel beyond the near term,” Konstantinos Venetis, senior economist at research firm TS Lombard, said in an email. “Come 2018 OPEC members will be hard pressed to choose between maintaining a price floor and protecting market share, unless global demand is surprisingly brisk,” he added. OPEC and non-OPEC producers are widely expected to announce an extension to cuts in oil output in

“It appears that he may end up as a de facto special government employee. “It appears that he may end up as a de facto special government employee. As such, he would be subject to the conflicts rules, including under 18 USC 208,” Eisen told CNBC, referring to a law that restricts people with a financial interest from advising the president. He reiterated the Trump team’s message that “unlike a government employee, [Icahn] will have no official role or duties.” Richard Painter, a former chief eth

While some health care experts have stated recently that the insurance market is “by and large” stable under Obamacare, troubles are clearly piling up. This is on top of CareFirst’s 2016 increase of 26 percent and 2017’s increase of 25 percent. CareFirst is also requesting an average increase of 29 percent in the District of Columbia. He added that these rate increases assume that the Trump administration will continue to make the cost sharing subsidy payments. A big factor in 2017 has been the

The American people need to get the clarity on this issue, and only the U.S. Supreme Court can provide it. Right now, the case is before a 13-judge panel of the 4th Circuit Court of Appeals in Richmond, Virginia. Both the 4th and 9th Circuit Courts are either the most liberal, or among the most liberal courts in the country. On both of the above criteria, the U.S. Supreme Court passes the test. On partisanship, the high court is much more balanced than the 4th, 9th or any other circuit court in

Here’s my advice: If the juvenile bickering stems from job-related issues, then you must help your group resolve them. Although you have the potential to be a successful team, right now there is a lot of childish squabbling. “Specifically, you are expected to be consistently pleasant, helpful, and cooperative with one another. Those are the three words to remember: pleasant, helpful, and cooperative. I will be glad to help you solve any work-related problems, but the personal quarrels must stop

Monthly jobs openings — a gauge of the U.S. economy that’s closely watched by Fed Chair Janet Yellen — were little changed in March from February, the Bureau of Labor Statistics announced Tuesday. The number of openings was at 5.7 million on the last business day of the month, the monthly report from the Labor Department said. U.S. job openings had previously risen to a seven-month high in February — as the pace of hiring slipped — increasing 118,000 spots to a seasonally adjusted 5.7 million, t

Normally, saying “I paid “NYC prices” is code for “I overpaid.” New York is known for many things, but bargain prices isn’t one of them. It routinely ranks among the expensive places to buy a home, get married — and just to live. The report compiled prices from 50 countries and cities around the globe, listing prices relative to those in New York. But compared with other places worldwide, there are some times when New York City is a relative bargain, and a few when it’s downright cheap.

The number of credit card accounts in the U.S. is rising quickly – and is now back to prerecession levels. To that point, 171 million consumers now have at least one credit card, the highest level since 2005, according to the most recent quarterly report by credit monitoring firm TransUnion . That works out to about 2.7 credit cards per consumer, TransUnion said, with the total number of cards in circulation now at more than 405 million. That number peaked at just over 496 million in the second

However, the sheer size of the mortgage offer from Chase is new. “The 100,000 points is one of the most generous — and perhaps tops — that we’ve seen for financial products,” said Greg McBride, chief financial analyst at Bankrate.com. Banks are spending more on credit-card rewards to build loyal customers for other parts of their businesses, said Nick Clements, co-founder of MagnifyMoney.com, a price-comparison website. Millennials are a prime target. A recent MagnifyMoney analysis found that th

Ultimately, Trump fired Comey on Tuesday because of the way he handled an investigation into Democratic presidential contender Hillary Clinton’s emails. More from Recode:His absence, however, still raises new questions about how Trump’s FBI might soon approach a host of critical digital privacy debates, including encryption. So I think we can look on the potential new FBI director and be worried about who Trump is going to recommend for that position.” And Trump’s director of national intelligen

“Even these days, the S&P is up 1, but Tesla is up $14 so what we’ve been saying is this is actually good because it keeps traders at the table. If he comes in and Priceline has a big move, it keeps traders in the game,” said Birinyi, president of Birinyi Associates. “The fascinating thing is you’ve had the Trump rally without the Trump stocks. U.S. steel, they’re going to build new airports and bridges, they need steel. We went seven or eight months with the market doing nothing,” he said.

Even Goldman Sachs CEO Lloyd Blankfein warned Tuesday that the low volatility is worrisome and that it is not a “normal resting state” for markets. Cashin said it is yet to be seen whether North Korea becomes an event that will return some volatility to the markets. In the stock market, the VIX, the CBOE’s Volatility Index, is trading at a decade low at just around 10. In the bond market, rates are quiet and the low volatility is keeping a lid on activity. The volatility is low across markets, b

Billionaire Sam Zell disagrees with Buffett, saying Obamacare repeal is not a gift for the rich Tuesday, 9 May 2017 | 8:49 AM ET | 02:30The tax cut in the GOP’s health-care bill should not be viewed as a giveaway for the wealthy, Equity Group Investments Chairman Sam Zell told CNBC on Tuesday. But Zell said on “Squawk Box” the GOP approach to health care on taxes is not for the rich or the poor. Zell, a former Democrat, said he’s more of a Republican lately — conservative on fiscal matters but l

A congressional committee has opened an investigation of unusually heavy sales of painkillers in West Virginia, asking the nation’s three major drug distribution companies about their sales and oversight practices in the opioid-devastated state. The House Energy and Commerce Committee also is asking the federal Drug Enforcement Administration about claims that the agency has backed away from enforcement actions against companies that sell opioids. The companies that received letters from the pan

A major Tennessee health insurer said Tuesday it is willing to re-enter Knoxville’s Obamacare market — which has been at serious risk of having no insurers selling individual health plans in 2018. But the re-entry of Blue Cross Blue Shield would come at a price. Blue Cross Blue Shield CEO J.D. Blue Cross Blue Shield was who I had before,” said Nehls, a quadriplegic who broke his back in a biking accident three years ago. Hickey of Blue Cross Blue Shield, in his letter Tuesday, noted the potentia

This week, former Acting Attorney General Sally Yates held her own while testifying before a Senate subcommittee. Earlier this year, she also made headlines when she took a stand against her very powerful boss. Here’s a look at the family background and career that helped form Yates’ steely resolve. But women weren’t hired as lawyers back then. It just wasn’t done,” says Yates.

When it comes to spending money, like everyone, I have my vices. I buy at least five Vitamin Waters a week, I’m a sucker for green smoothies and I drop about $100 a month on road race entry fees. But there are certain things I refuse to spend a dime on. Here are 10 of them: