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The Walt Disney Company announced on Tuesday that Bob Iger is stepping down as the company's CEO, and handing over his position to Bob Chapek effective immediately. Iger been in leadership at Disney for 27 years, 15 years as CEO, and will remain with the company as executive chairman and will direct the Walt Disney's creative endeavors through the end of 2021. “With the successful launch of Disney’s direct-to-consumer businesses and the integration of Twenty-First Century Fox well underway, I believe this is the optimal time to transition to a new CEO,” Mr. Iger said. “I have the utmost confidence in Bob and look forward to working closely with him over the next 22 months as he assumes this new role and delves deeper into Disney’s multifaceted global businesses and operations, while I continue to focus on the Company’s creative endeavors.”Iger's career brought the launch of Disney's streaming service Disney+, the acquisition of 21st Century Fox and the opening of a Disney theme park in China. One of Iger's first moves as CEO was in 2006 with Disney's purchase of Pixar. Iger called last year's launch of Disney+ a success, as the service garnered 26.5 million subscriptions by late December, 1220

The week-long freefall for the Dow Jones Industrial Average continued in trading Friday, ending the most tumultuous week the index has had in nearly 12 years. The Dow sank by 1,000 points during trading Friday, as the market continues to fear that the COVID-19 outbreak will result in a worldwide economic slowdown.Stocks recovered by the end of the day, but ended the day down about 350 points.The Dow 415

The President's former attorney Michael Cohen testified that Donald Trump directed his charity organization to refund a "fake bidder" for a portrait of himself."Mr. Trump directed me to find a straw bidder to purchase a portrait of him that was being auctioned at an Art Hamptons Event," Cohen told the House Oversight Committee in a public hearing Wednesday."The objective was to ensure that his portrait, which was going to be auctioned last, would go for the highest price of any portrait that afternoon," Cohen said.According to Cohen, the "fake bidder" purchased the portrait for ,000.Cohen alleged that Trump directed the Trump Foundation to use its funds to reimburse the bidder and kept the art, which Cohen claims currently hangs in one of Trump's country clubs.Cohen also provided the House panel with an article about the portrait auction that Trump wrote on and sent to Cohen.Trump tweeted about the portrait sale back in 2013."Just found out that at a charity auction of celebrity portraits in E. Hampton, my portrait by artist William Quigley topped list at K," Trump wrote then. 1112

Three of Jeopardy's most decorated champions will battle on Thursday and Friday for this year's Tournament of Champions, and they are asking fans of the show to help raise money for pancreatic cancer research.Not only has Jeopardy host Alex Trebek been fighting pancreatic cancer, Larry Martin, the 2018 Teachers' Tournament champion died from pancreatic cancer in January. Martin would have qualified for this year's Tournament of Champions had it not been for his death. In addition to raising money, the champions have also worn purple ribbons to honor Martin.Steven Grade, a Tournament of Champions semifinalist lost to James Holzhauer on Tuesday. Grade is encouraging viewers to play along on Thursday and Friday and donate every time they get an answer correct. Grade's tweet has been shared by other Jeopardy champions."Play one night, play both nights, donate an amount that is right for you, or help spread the word to Jeopardy! watchers and non-watchers alike – every little bit helps, and every little bit helps to honor Alex, Larry, and all those who are fighting and have fought pancreatic cancer," Grade wrote.The charity is the Lustgarten Foudnation for Pancreatic Cancer Research. As of Thursday afternoon, more than ,000 has been raised. The foundation said that every dollar raised will go directly to cancer research.This tournament has been an emotional one so far. During Monday's semifinal round, in Final Jeopardy, Dhruv Gaur, who was in a distant third place entering Final Jeopardy, responded "What is We <3 you Alex!"Gaur's response clearly choked up Trebek during Final Jeopardy. "That is very kind of you," Trebek said to Gaur's answer.To donate, click 1703

The United Autoworkers Union has reached a tentative agreement with Ford. This comes after almost two weeks since the UAW reached a tentative agreement with General Motors that was ratified by the rank and file last week. The financial terms of that are used as a pattern by the union to get similar terms from Ford and Fiat Chrysler. Ford has 55,000 hourly workers in the US, more than the 46,000 who went on strike against GM for 40 days. There was no work stoppage at Ford.Big issues in talks with GM were terms for lower-paid workers who were in-progression or temporary workers. Similar to GM, Ford says 34% of its workforce is in-progression and 6% is temporary. The terms of this Ford agreement are not yet known.Here’s the official word from the UAW:The UAW Ford National Negotiators, UAW President Gary Jones along with UAW Vice President Rory Gamble, Director of the Ford Department, have announced that they have reached a proposed tentative agreement.“Our national negotiators elected by their local unions have voted unanimously to recommend to the UAW-Ford National Council the proposed tentative agreement,” Gamble said. “Our negotiating team worked diligently during the General Motors strike to maintain productive negotiations with Ford. The pattern bargaining strategy has been a very effective approach for UAW and its members to secure economic gains around salary, benefits and secured over billion in major product investments in American facilities, creating and retaining over 8,500 jobs for our communities.”“Out of respect for our members, we will refrain from commenting or releasing full details of the agreement until the UAW-Ford Council leaders meet and review the details,” Gamble added.Ford also released this statement: "Ford can confirm the UAW’s announcement that the UAW and Ford have reached a proposed tentative agreement on a four-year contract. Further details will be provided at a later date."UAW President Gary Jones thanked the national negotiators for their hard work. “Vice President Gamble, his staff and the Ford negotiating team have worked tirelessly to reach an agreement that preserves job security and rewards UAW Ford members for their quality work,” said Jones. “These were long and hard hours, but I feel confident they were able to secure a contract that protects our member’s future.”The UAW-Ford National Council will meet to go over details of the proposed Tentative Agreement. If adopted as a Tentative Agreement, it will go to all Ford hourly and salary members for a ratification vote. 2565

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