U.S. Markets open in 1 hr 26 mins

Lachlan Murdoch to Serve as Chairman and CEO of Proposed New Fox

May.16 -- Bloomberg Intelligence's Paul Sweeney reports on 21st Century Fox's announcement that Lachlan Murdoch, the eldest son of Rupert Murdoch, will take the helm of the remaining business after completion of the Disney deal. He speaks on "Bloomberg Markets: European Close."