American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
The biggest media companies still want to eat, but first, they're going to need a break to digest.
AT&T is spending $85 billion to acquire Time Warner (pending the Department of Justice's regulatory appeal), Disney forked over $71 billion to buy the majority of 21st Century Fox and Comcast is placing a $39 billion bet on Sky.
That's a lot of money, followed by a lot of integration, for three of the largest U.S. media companies.
It leaves some of the smaller media companies — CBS, Viacom, Lions Gate, MGM, AMC Networks and Discovery Communications — out in the cold if they're interested in selling. At least for the time being.
That may push some of the smaller media companies — the "free radicals, " as media mogul and Liberty Media Chairman John Malone likes to call them — together with each other, if they don't want to wait. CBS and Viacom, for example, are still likely to merge, despite several false starts, according to BTIG analyst Rich Greenfield. Sirius XM, whose controlling shareholder is Malone's Liberty, picked off Pandora for $3.5 billion in a deal announced Monday.
Still, the big deals may show a way out for smaller media entities.
Disney's decision to buy Fox and Comcast's decision to spend on Sky suggest that both Comcast CEO Brian Roberts and Disney CEO Bob Iger are still interested in so-called legacy media properties — that is, companies that get the bulk of their revenue from pay-TV and film. Tech-first companies such as Netflix, Amazon and Apple, all of whom are spending billions of dollars on content, haven't shown the same desire to buy traditional media.
That gives smaller players hope AT&T, Comcast and Disney could come back for them in 2019 or 2020, when their current giant acquisitions are digested.
Discovery, which closed on its acquisition of Scripps in March, may actually find a new acquirer in Comcast, given the Sky deal, said Greenfield. Sky owns sports rights, such as the English Premier League, and streaming rights to films in European markets. Discovery took control of Eurosport in 2015 and owns the exclusive pan-European rights to several Olympics to come.
"If Comcast wants to expand across Europe they may need more content, such as Discovery," Greenfield said.
Disclosure: Comcast owns CNBC parent company NBCUniversal.