Disney Names D'Amaro as Successor to Iger, Futures Rise, More
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The UK stands apart as a place to do business, not because of one advantage, but many working together. Over £10 trillion in capital, four of the world's top universities, a 10-year industrial strategy in action, its stability with dynamism, global reach with local depth. It all adds up to greater growth. Find out more at business.gov.uk slash growth. News when you want it with Bloomberg News Now. I'm Karen Moscow and we have some breaking news.
Who will succeed Bob Iger as Disney's CEO?
Walt Disney saying Josh DeMauro will succeed Bob Iger as chief executive of the entertainment giant, ending a three-year search to replace its long-serving leader. DeMauro is a 28-year veteran of the company. He will succeed Iger effective March 18th. And taking a look at Disney shares, they are up one and a half percent in early trading. President Trump upping the ante on Harvard after the New York Times reported the administration has backed off demands for $200 million from the Ivy League institution. Bloomberg Industry Group's Zach Cohen has more.
Trump now saying that he wants a billion dollars of the B in damages from Harvard, one of the most high profile institutions, obviously, but also one of the few that has not settled with the Trump administration over allegations of anti-Semitism in the wake of Israel's war in Gaza that was in retaliation of Hamas's attack on the Jewish state on October 7th.
And that's Bloomberg Industry Group's Zach Cohen in Washington. Four days into the partial government shutdown and a vote could come today on a bill to reopen the government with two weeks of Homeland Security funding to allow for more negotiations on immigration enforcement. Two Republican holdouts, Anna Paulina Luna and Tom Burchett, dropped their opposition to the measure after speaking with the White House. Meanwhile, the short shutdown is already having an impact. The Labor Department said this Friday's January jobs report will be delayed due to the lapse in funds. But Bloomberg News macro strategist Michael Ball says the wait should not be too disruptive on Wall Street.
I think the markets got comfortable looking at a mosaic of data, especially for the labor market where we have a lot of touch points. Obviously, the PMI yesterday was much stronger than expected. And that gave some, you know, again, credence to this view that we are reaccelerating. So, of course, it'll depend on how long the shutdown is. But I think for now, this isn't going to be like a ball event where you're going to see a de-risking because we have a lack of this data on Friday.
And that's Bloomberg Macro Strategist Michael Ball. There are new developments in the Jeffrey Epstein case. Former President Bill Clinton and former Secretary of State Hillary Clinton have dropped their opposition and agreed to testify in House Republicans' investigation into the disgraced financier. The House had planned a criminal contempt vote against the Clintons this week if they kept defying subpoenas. In another development, the NFL said it will review dozens of emails from New York Giants co-owner Steve Tisch that have surfaced in the Justice Department's Epstein files. Tisch said he had a brief association with Epstein where they discussed adult women and other subjects, but he says he never accepted any of Epstein's invitations and never went to his private island.
President Trump is calling on Republicans to seize control of election processes from individual states, signaling that he may push for drastic measures to change the dynamics of the midterm elections. Speaking on the Senate floor yesterday, Democratic Leader Chuck Schumer described this as an attack on democracy.
Does Donald Trump need a copy of the Constitution? What he's saying is outlandishly illegal.
Democratic Senator Chuck Schumer, the president, did not elaborate on what actions he wants the GOP to take, nor did he name the locations he wants them to target. Turkey plans to host high-level talks between the U.S. and Iran on Friday aimed at de-escalating tensions between the two countries.
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