What you need to know on Wall Street today

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December 14, 2017 6:01 PM

Hello. Here's what you need to know on Wall Street today.

Disneyhas agreed to acquire21st Century Fox's film studio and a large chunk of its television production assets for $52.4 billion. Here's what you need to know:

Disney is spending $52.4 billion to arm itself for a war with Netflix
Disney has struck an industry-changing deal, and now "everybody is talking to everybody"
How Hollywood will fundamentally change after the Disney-Fox deal
Netflix is shrugging off the Disney-Fox deal
Disney and 21st Century Fox used four words that should make employees nervous
Bankers on the Disney-21st Century Fox deal are set to make a $150 million payday

In related news, the Federal Communications Commission is voting on a net-neutrality repeal. You can follow that live here.

And a partner has left Tourbillon Capital, a struggling New York hedge fund.

As expected, the Federal Reserve on Wednesday raised its benchmark interest rate. Here's what you need to know:

The Fed’s forecasts for the economy confirm what everyone already knows about the GOP tax cut plan
YELLEN: Bitcoin is a "highly speculative asset"
Something doesn't add up in Janet Yellen promise of higher wages
How you feel about Trump's economy probably depends on whether you own stocks

In crypto news:

One group of traders has risen to dominate bitcoin trading
ALBERT EDWARDS: Ignore the bitcoin bubble and pay attention to what's going on in the stock market
German exchange Deutsche Boerse mulls launch of European bitcoin futures
A company investing in the future of bitcoin tech is splitting its stock in 10 after it soars 1,600%
Someone is selling a "spectacular" penthouse in Miami — but they're only accepting bitcoin
ICO funding soars above $4 billion as US regulators crack down

Lastly, people travel thousands of miles to sell Christmas trees on the streets of Manhattan — meet an Alaskan family who has been doing it for 21 years.

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