May 12, 2018

NBC saves "Brooklyn Nine-Nine" after Fox drops the show

A scene from Season 5 of "Brooklyn Nine-Nine." Photo: FOX via Getty Images

After Fox canceled Andy Samberg's sitcom, "Brooklyn Nine-Nine," on Thursday, NBC announced that it will pick up the show for a sixth season, the New York Times reports.

The big picture, via Axios' Sara Fischer: Fox’s expensive Thursday Night Football rights — that it acquired earlier this year — along with baseball rights, will block off a lot of primetime program scheduling opportunities for hit shows like "Brooklyn Nine-Nine," "Last Man on Earth" and more.

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Jonathan Swan

Scoop: Top NSC official reassigned to Energy Department amid "Anonymous" fallout

Photo: Mark Wilson/Getty Images

Deputy national security adviser Victoria Coates will be reassigned as a senior adviser to Energy Secretary Dan Brouillette, the National Security Council said Thursday — and a senior White House official said that the administration "rejects" the rumors that she is "Anonymous."

Why it matters: Coates has battled claims that she is the still-unknown Trump administration official that penned a New York Times op-ed and book critical of President Trump.

Go deeper1 hour ago - Politics & Policy

Dion Rabouin

The Fed may be setting the table for 2020 rate cuts

Illustration: Sarah Grillo/Axios

The Fed looks to be laying the groundwork to lower U.S. interest rates this year, just as they did in April 2019 before cutting rates in July, September and October.

Why it matters: A Fed rate cut makes taking on debt more attractive for U.S. consumers and businesses, helping to juice the economy, but also puts the central bank in a weaker position to fight off a potential recession.

Go deeper3 hours ago - Economy & Business

Axios

Morgan Stanley to buy E*Trade in a $13 billion deal

Photo: Rafael Henrique/SOPA Images/LightRocket via Getty Images

Morgan Stanley is planning to buy E*Trade Financial Corp. in a $13 billion all-stock deal, the Wall Street Journal reports, with plans to acquire the company known for helping everyday Americans manage their money.

Why it matters: The deal, which would be the largest by a major American bank since the financial crisis, signals Morgan Stanley‘s desire to bulk up in wealth management.

Go deeper3 hours ago - Economy & Business