Fox Corporation (FOX, FOXA) shares swung to a record high Monday morning after the company outperformed against Wall Street's fiscal first quarter estimates. The media giant experienced an 11% increase year-over-year in advertising revenue, with a surge in political advertising in the lead-up to tomorrow's US presidential election, further bolstered as the channel is hosting the Super Bowl.

Yahoo Finance's Madison Mills joins Brad Smith on Wealth to help break down the numbers.

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This post was written by Kevin Hall