What you need to know on Wall Street today

Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox.Disney has agreed to acquire 21st 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 NetflixDisney has struck an industry-changing deal, and now "everybody is talking to everybody"How Hollywood will fundamentally change after the Disney-Fox dealNetflix is shrugging off the Disney-Fox deal Disney and 21st Century Fox used four words that should make employees nervousBankers on the Disney-21st Century Fox deal are set to make a $150 million paydayIn related news, the Federal Communications Commission is voting on a net-neutrality repeal. You can follow that live here. On Wall Street, Citigroup's new managing-director list is out - here are the investment bankers and traders who just got promoted. And we asked two of Citigroup's top executives what they look for when hiring senior investment bankers.The head of UBS's £1 trillion wealth management business has left in a major board reshuffle. 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 planYELLEN: Bitcoin is a "highly speculative asset"Something doesn't add up in Janet Yellen promise of higher wagesHow you feel about Trump's economy probably depends on whether you own stocksIn crypto news: One group of traders has risen to dominate bitcoin tradingALBERT EDWARDS: Ignore the bitcoin bubble and pay attention to what's going on in the stock marketGerman exchange Deutsche Boerse mulls launch of European bitcoin futuresA 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 bitcoinICO funding soars above $4 billion as US regulators crack downLastly, 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. NOW WATCH: Cryptocurrency is the next step in the digitization of everything - 'It's sort of inevitable' function receiveMessage(event){ console.log(event.data.fullscreen); Android.fullscreen(event.data.fullscreen); }window.addEventListener("message", receiveMessage, false);

What you need to know on Wall Street today

Matt Turner

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