Formula One’s parent company Liberty Media (FWONA) has been upgraded at Citi. The analyst notes that concerns about the Las Vegas Grand Prix spending are overblown, and the Las Vegas Grand Prix could drive U.S. engagement for Formula One. The analyst is also optimistic due to Apple’s reported interest in buying Formula One’s global T.V. rights. Alex Coffey discusses this as Formula One raised its Capex outlook to $400M from $270M. Tune in to find out more about the stock market today.