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Automatic TRANSCRIPT

I'm Ann Cates. And I'm Susanna Palmer from Bloomberg world headquarters. What's next for a big media deal? Comcast outbid Rupert Murdoch's twenty-first-century, FOX in the battle for British pay-tv broadcaster sky p l c last night with a thirty nine billion dollar bid now. Comcast CEO Brian Roberts needs to seal. The deal Joe maze. Covers telecom stocks for Bloomberg. He says it's a good strategic deal for Comcast allow concoct diversified outside. The US. The less vulnerable to fluctuations in the market now. Twenty five percent of their sales will complement national seven percent currently beginning tomorrow. Comcast will look to start buying sky shares in the market its aim is to accumulate more than fifty percent of the stock before an October eleventh deadline OPEC in its latest world oil outlook says the rise of US shale oil is set to extend well into the twenty twenties stealing OPEC's market share total supply from outside. Opec will surge by eight point six million barrels a day from two thousand seventeen to twenty twenty three to sixty six point one million barrels a day. The report says this will mainly be driven by increases in US shale oil output. Meantime, president Donald Trump's demand that OPEC take a rapid action to reduce oil prices went unanswered as OPEC stuck with plans for a gradual output boost saying customers have all the crude they need for now the US and China are hours away from a new round of tariffs on each other's goods. Two hundred billion dollars worth of. Chinese products will be subjected tariffs as of twelve AM Washington time on Monday. Meantime, one hundred ten billion dollars worth of goods from the US will be subject to Chinese tariffs. This newscast was brought to you by sector spider. ATF's why a single stock when you can invest in the entire sector, visit sector SPD R S dot com or call one eight six six sector ETF global news twenty four hours a day on air hand picked up on Twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Susanna Palmer. This is Bloomberg politics..