|Bid||30.670 x 1300|
|Ask||30.680 x 1300|
|Day's Range||30.530 - 30.890|
|52 Week Range||28.850 - 39.330|
|Beta (3Y Monthly)||0.46|
|PE Ratio (TTM)||5.99|
|Forward Dividend & Yield||2.00 (6.52%)|
|1y Target Est||N/A|
After President Donald Trump pulled White House access to news correspondent Jim Acosta, CNN is fighting back with a lawsuit in the U.S. District Court in Washington, D.C. on Tuesday, the network told TheStreet. "The wrongful revocation of these credentials violates CNN and Acosta's First Amendment rights of freedom of the press, and their Fifth Amendment rights to due process," said CNN in a statement. Trump had suspended Acosta's White House press credentials on Nov. 7, after a brief war of words between the two men during a televised post-midterm election press conference.
AT&T Inc. Chief Executive Randall Stephenson fired back at the White House over its decision to suspend the press credentials of AT&T-owned CNN’s correspondent Jim Acosta.
CNN filed a lawsuit on Tuesday against the Trump administration over the revocation of press credentials for White House correspondent Jim Acosta, whose questions and reporting have been a frequent target of criticism by President Donald Trump. Trump erupted into anger last week during a news conference when Acosta questioned him about the so-called migrant caravan traveling through Mexico and about an ongoing investigation into Russian meddling in the 2016 presidential election. "That's enough, that's enough," Trump said on Wednesday, as a White House intern attempted to take the microphone off Acosta.
Now let’s look at Frontier Communications’ (FTR) technical indicators and compare them to its rivals in the telecom space. Recently, Frontier fell below its short-term (20-day) moving average, which indicates bearish sentiment in the company. On November 8, Frontier stock closed the trading day at $4.01. Based on this figure, the stock was trading 19.3% below its 20-day moving average of $4.97, 29.5% below its 50-day moving average of $5.69, and 27.6% below its 100-day moving average of $5.54.
Democrats are promising new scrutiny of corporate America's biggest names as they expand their power on Capitol Hill. In the week since the midterm election, Democratic lawmakers have vowed to launch inquiries into publicly traded companies with ties to President Trump and his top lieutenants. With Republicans in control of the White House and Senate, Democrats have little chance of passing meaningful legislation.
The S&P 500 index has been on a mostly dip-filled ride since early October for all sorts of reasons, the main discernible ones being the ongoing trade war and tensions with China, where the economy is now showing signs of a slowdown. There are also concerns over weakening oil prices, rising interest rates, the strengthening dollar, and whether earnings have maxed out for American manufacturing and industrial companies. But what’s interesting is that pretty much none of this relates to the U.S. media sector. As long as the economy is largely holding up, the media world should be fairly insulated from those other matters because content producers and distributors — a broad group that includes AT&T Inc., Dish Network Corp., Netflix Inc. and Viacom Inc. — don’t make physical goods or derive much of their sales abroad.
AT&T Inc. Chief Executive Randall Stephenson fired back at the White House over its decision to suspend the press credentials of a CNN correspondent, saying officials had ignored established procedures in a way that appeared to violate press-freedom protections. The Trump administration said it suspended credentials for Jim Acosta, CNN’s chief White House correspondent, because he “placed his hands” on a White House intern who was trying to take the microphone from him at a press conference after President Trump indicated he was no longer going to address him. Video of the press conference showed Mr. Acosta keeping hold of the microphone and making incidental contact with the intern briefly.
A maturing wireless industry has drawn sharply different responses from industry leaders AT&T Inc. and Verizon Communications Inc., two companies that used to move in tandem. AT&T is diving headfirst into entertainment and advertising, spending tens of billions of dollars to control in-demand programming like HBO’s “Game of Thrones” and live National Basketball Association games on TNT that it can distribute throughout its wireless, satellite and fiber-optic networks. Verizon, meanwhile, is doubling down on wireless-network upgrades to enable the commercial use of 5G technology, counting on industrial and consumer uses beyond smartphones to deliver a fresh wave of revenue.
President Donald Trump tweeted his support on Monday for a call by a cable industry group to investigate alleged anti-competitive practices by Comcast Corp, the world's biggest entertainment company. Trump appeared to agree with the industry' group's call for a probe, which it said it made to the Justice Department in a Nov. 6 letter.
Trump's tweet follows a call earlier Monday by the American Cable Association for the Department of Justice to investigate Comcast. The ACA claims Comcast owns "significant must-have local programming," allowing the company to raise prices and harm consumers.
In a tweet, President Donald Trump said Comcast "routinely violated antitrust law," in remarks he ascribed to the American Cable Association. The trade group did write a letter expressing concern that a vertically integrated Comcast-NBC Universal poses more of a threat than the AT&T-Time Warner deal that the Department of Justice also opposed. Trump has frequently taken aim at the alleged anticompetitive practices of media companies whose stories paint him in an unflattering light, including CNN owner AT&T , as well as Amazon , whose CEO Jeff Bezos is owner of the Washington Post.
Democrats look to investigate the treatment of the AT&T-Time Warner deal and Trump's dealings with Amazon. Yahoo Finance's Dan Roberts, Melody Hahm, and Myles Udland debate.