it hurts bob iger's credibility. >> you still think this is good?ty. the best thing for disney is for nelson peltz to get on the board. not because he has the answers, he doesn't, or because he has a track record, but because he brings a fresh perspective to the board that needs it. when you have a company with an iconic ceo, it is good to have directors to debate, not defer. >> they added james gorman. he led a succession plan at morgan stanley. he may not be the right person to led this campaign. let's look at others. norfolk southern. i spoken to someone familiar with this. the big thing is efficiency. they believe norfolk southern is not efficient enough and not chasing the right business. what do you think about that campaign? >> it is an under performing railroad and you will have an activist at your door. activists have been successful at these companies instituting scheduled railroading which is essentially a way to keep costs down and get the operating ratio down to the low 60s versus the high 60s where norfolk is right now. they want to se

we just spoke with bob iger. your thoughts on the quarter were really interesting in terms of, you should have known this was going to be a big pop. >> i can't believe how stupid i was. that was just kind of you and me. i would say more broadly than that, yes, in -- obviously it with us a great quarter. a lot to like here, but just stepping back and looking at, okay, there's this proxy fight and this is the last earnings call they're going to have before the vote, probably they want to put their best foot forward. and, you know, i'm not -- i'm not insinuating that they massaged the numbers, but i am saying that there is a little bit of sort of spin you can put on things. he did a great job in that interview. there was a lot to like about it, but i am feeling kind of dumb on that. >> all the directors are going to be running for re-election, so, he's got the three activists, all the directors that are going to be running for re-election in their april shareholder meeting. so, there's a bunch of stuff that, when ka

this is bob iger showing to investors that all that cost-cutting work and that the outlook for profithis year is boosted by that, but then there are some specific stories. $1.5 billion stake in epic games is going to give disney-related videogame content going forward and in the sports distribution deal on the other side that we've been talking about with those three other parties. all it gives them some ammunition to go to these activist investors and say look at what i'm doing, isn't it enough to appease them? we will go to a reporter and one key investor to get the reaction. this is the story. a massive surge in the stock. easy to say this is the biggest jump since september but we are up 58% and it outlook for the current period going way beyond estimates, evidence that this is no longer offering the building block blueprints for semiconductors with licensing on the underlying code that allows a chip to communicate with the software that runs. it is not a smartphone story. his evidence the diversification that has been push for is now bare. we are seeing evidence. there are questi

that's long on the stock and what could impact it in what's been kind of a struggling year for bob iger and company. we have a very busy day ahead. stay with us were you worried the wedding would be too much? nahhhh... (inner monologue) another destination wedding?? why can't they use my backyard!! with empower, we get all of our financial questions answered. so we don't have to worry. empower. what's next. so, you've got the power of xfinity at home. now take it outside with xfinity mobile. like speed? it's the fastest mobile service around... and right now, you can get a free line of our most popular unlimited plan. all on the most reliable 5g network nationwide. ditch the other guys and you'll save hundreds. get a free line of unlimited intro for 1 year when you buy one unlimited line. and for a limited time, get the new samsung galaxy s24 on us. >>> welcome back to "worldwide exchange." shares of ford are moving higher four-year guidance beating estimates. the automaker is planning to add differ accidents of 18 cents a share in addition to 15 cents a share. shares of ford more than

then disney chair bob iger insinuated how the six riots spurred disney into taking a stand politically. journalist chris rufo obtained a clip from an anonymous whistleblower who said the zoom call was advertised as a company response to jan six. >> roll it, doris. we tend to shy away from politics, and in doing, i think we've shied away from talking about issues that aren't political at all like the issues that we're talking about because we believe in doing so. >> maybe it looks like we're taking the stand. well, in reality, we should be taking a stand just commenting about what happened in washington last week. that's not political on our part at all. >> we we know what we saw is fundamentally wrong and that it was really in hatred and disrespect and contempt and intolerance. and we should feel free as a company to comment that without retribution, there have it straight from iger himself stating a truth as cold and hard as walt's frozen body, disney was going to start taking a because of jan six. but taking a stand meant taking their woke, die driven agenda public. >> suddenly, ever

iger basically sold out of almost all his position. and the board whom at least one member, nelson peltz would like to replace, has very little more than. they barely have ownership here. so doesn't that bode or poorly for disney, and as he -- nelson peltz -- moves toward really making a stink here, do you think it's valid at all, what he's asking for? >> i mean, that is currently the weak link, and we know that. gone are the days when they had little mermaid and beauty and the beast and lion king, pocahontas, etc., etc. that was a long time ago. liz: but to that point, they unveiled the new little mermaid, the redone snow white and even disney if said in a filing in november that they realize there's a misalignment between how they're putting out movies now and how they changed the narrative. some might say woke, but they changed the narrative, and they said there's a difference and a misalignment between that and what viewers really want. go on. >> but it takes -- back with, bob iger's been back just over a year. anytime there's a ch

activist investor nelson peltz sounds off on ceo bob iger.ia giant's latest earnings report ahead. don't go anywhere. more "fast money" in two. >>> missed a moment of "fast?" catch us any time on the good. follow the "fast money" podcast. we're back right after this. hey you, with the small business... ...whoa... you've got all kinds of bright ideas, that your customers need to know about. constant contact makes it easy. with everything from managing your social posts, and events, to email and sms marketing. constant contact delivers all the tools you need to help your business grow. get started today at constantcontact.com constant contact. helping the small stand tall. (bobby) my name is my brand. my store and my design business? constant contact. we're exploding. (assistant) in a good way. (bobby) but my old internet, was not letting me run the show. (assistant) it needed a total redo. (bobby) so, we switched to verizon business internet. easy. they have business grade internet, nationwide. fast, reliable, and easy to set up. (assistant) b

iger had no comment on the gina suit. >> i'm going to turn to david again.avid has the pulse of "the princess bride." elon musk. >> yes, sir? >> who, apparently, was at a peltz daughter premier. >> i saw the picture of that as well. >> i think elon musk is not necessarily joining the crowd here. >> no, i think it's somewhat unfortunate, that recent hostility. >> unfortunate? >> he's been trashing the vision pro. he's been negative on a bunch of things. >> it does raise the question, i think, and the "journal" raised it today in their coverage of musk's continuing to fire at disney and iger, if you're an advertiser on x, like, you take this risk, potentially, that musk is going to turn on you. >> linda yaccarino, who runs x, she might say, look, it gets people excited. i don't know. prurient interest. i have not heard her rap of late. >> i'm happy to bring both parties together. we can bring elon and bob together, make peace, and move on from there. as for the quarter, i think it is interesting, jim, that you're not willing to weigh in yet. you obviously stil

is iger actually bringing disney's mojo back?looking for this moment. >> yeah, i think we'll declare mojo back. [laughter] it didn't go up 50%, but disney up 1.5 -- 11.5% after a earnings. pretty standard stuff. they did $1.22. analysts were looking for $1. that was good. they raised their dividend to 45 cents a quarter from 30 cents. analysts raised their estimates to the fiscal year with, so everything was, all a signs point to higher disney. swrk cc what's fathering those earnings? -- powering those earnings? >> disney was in a rough patch, right? they're dealing with declines in linear tv. i hate that term. [laughter] and versus the streaming, and streaming's not profitable, you know? this has all sort of been about a renewed focus on costs, how to achieve profitability in some of those new businesses, what they said sort of encouraged everyone. so it's well off its highs, but it's still up about 30% from when our friend picked it. jack: so speaking of streaming, can you tell me what's going if on with this disney-fox-warner

as for what bob iger said, january 6th wasn't likely the cause.ly the excuse to weigh through more esg and support for blm and dei. no wonder they profits were mia. sadly, the woke film keeps coming. check out this clip from an upcoming film. >> sweet hear, i'm nonbinary now. goofy what are you doing here? >> i want to be gender fluid too? plus i have free tickets for pally amorous sex downtown. let's all go together. >> only if you promise to attend my alley for antifa allies. >> that's a deal, comrad. [applause] >> greg: i have to go to you first, kevin. i have no idea what your politics are. i don't know where you stand. i know that you're a normal person that you can't stand justin trudeau. i honestly -- is this a wise calculation on your part that nobody knows? >> it's very wise. i'll tell you why. why should i piss off half of the people all the time? that's the way i look at it. now, speaking of disney, let me tell you how much i love disney. they own abc. that's where "shark tank" loves. i love everybody. >> greg: there you go. well-played

iger was asked specifically about that fifth gate idea on the call and sidestepped saying anything oneor another. >> we've got a menu of things that will basically start opening in '25. and there will be a cadence every year of basically additional investment and increased capacity. >> and our thanks to bob hazan for that report. >>> still to come, ushering in all the hits. the highlights from the halftime stunner from my boo to confessions part 2. and their love story continues in vegas. taylor and travis celebrate on the field. your digestive system isn't at its best. but a little metamucil everyday can help. metamucil's psyllium fiber gels to trap and remove the waste that weighs you down and also helps lower cholesterol and slows sugar absorption to promote healthy blood sugar levels. so you can feel lighter and more energetic. lighten everyday the metamucil way. feel less sluggish & weighed down after just 14 days. sign up for the 2 week challenge at metamucil.com skin-carving next level hydration? new neutrogena hydro boost water cream. a vital boost of nine times more hydration*

this is the bob iger story. lot of people were impressed with his performance on the call but the reality is when you look at the particularly the profit guide for this year, it's not the result of fantastic content or wonderful rides or magic, it is cost discipline and cutting. that's allowed them to boost their eps outlook this year by a notable margin and it is evidence that the plan the -- that bob iger outlined has worked, although the kind of bonus feature, the extra bit at the end of the credits is the deal they did with epic games because the videogames industry is joined norma's relative to the streaming industry. what they are getting is also a distribution play like with the sports deal but a huge catalog of content in the domain of video games. katie: let's talk about how this sets up bob iger for potential activist investor fights. talking about trion, etc.. ed: there are loads of tongue twisters. whatever you want to say but it gives him ammunition to go back and say this is something investors nor

iger himself has walked this back and said, have noncritical assets, or spinoff.as walked that back because it's not as easy. with disney, the big assets, the film studios, theme parks, they have always been pretty impressive synergies that make disney a unique company. they take intellectual property from the imagineering side, the movie side, the streaming and series side and then they spin out rides and they get movies out of the rights. i would be very cautious about ideas of breaking up the company. i don't see that as being the cause. >> thank you for your time. we will see you soon. >>> were tracking the biggest movers into the close. christina? >> we have a set of earnings winners, spotify emphasizing user growth and palantir guiding higher free cash flow. i will tell you how they are reacting after this short break. the first time you connected your godaddy website and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first.

iger said, the other bob, he said yesterday.we see an opportunity in gaming and this interactive environment, we understand that we have this great ip that we are already licensing to gaming companies, or licensing it to sony for spider-man two, which is a massively popular game, made gobs of money. we're working with fortnite which epic games makes. licensing our characters and ip to them, this is just going to expand that and create this flywheel for for customers to have new east to experience it, sort of like how they experience it in a theme park, -- it has this positive flywheel, that seems to be what they're going at one and a half billion dollar investment from disney, iger, the second bob's -- who is really bob number one. he said he basically said this is we're investing one and a half billion dollars in this, unclear how much epic games, which is a private company, is valued and also give you one other potential headwind here. they made the point yesterday, disney did, three billion gamers in the world, most of those

don't miss an exclusive interview with bob iger, that's tomorrow, 4:00 p.m. eastern time, right here on cnbc, when disney reports earnings. why is disney the one that's trading lower, tim? >> well, first of all, the intrinsic value or the sum of the parts on disney, and what they were going to do was a catalyst. so, what was espn going to be worth, and as guy pointed out, bob iger's made it clear that there is a very strategic dynamic here. i think that's part of it. i think to the extent that -- some of the differentiation of disney, to me, is that product. and so, when they started -- i don't know where i can come up with the quantitative analysis on this, but i do think that the disney+ bubndle that includes espn+ is something that pulls in a lot of sports fans. >> rich made an interesting point in that sports is tribal. you like a certain thing and you have a certain app because you like that season of sports. hard to build a year-round product. they are creating a year-round product, so, if sports, if you are only going to watch certain sports for certai

>> iger has explained this essay that, as you mention, they were really big in games.hey had a console they sold at one point. they got into some very risky business, but they have moved to a model that is more licensing, and this is sort of hybrid. epic will make these games and put the characters within the fortnite universe, but disney will also own a minority interest in epic, so they benefit two ways. >> there are a lot of other different themes to pick out from this, but there was streaming. how many subscribers they are adding. espn as well. international parks. what else stood out to you the most? >> a whole lot going on, as always, in disneyland. they announced a big new streaming service will combine the sports of disney, fox, and warner bros.. they also said they expect disney+ subscribers to rise in the current quarter. it has been kind of flattish. if you are a taylor swift fan, you can go to disney+ on march 15 and watch her interest -- her parents -- water er -- watch her eras tour movie. the company put out a statement saying today this is deja vu. it s

. >> dad, disney ceo bob iger.na two coming in november for the upcoming sequel to the animated blockbuster, is set to be released this fall, but no word yet whether the rock would come back to play a regular. he has to come back. >> i'm sure he has to. yeah. speaking of voices, taylor swifts eras tour film is also coming exclusively to our parent companies disney plus, with a bonus. yeah this is really cool. >> five songs that were not available in theaters or previous digital versions will be here. and it's set to stream on march 15th. >> now, danny, i know what a swiftie you are, so i'm sure you've already seen it, but lionel, maybe you haven't. and i have to tell you, it's fantastic . yeah, i'm sure danny has seen it numerous times, right? >> not that i'm a swiftie. i'm a 50. i love disney plus. i'm all things that are owned by our parent company. >> that's why you call bob iger papa bear. >> papa bear? yeah so thank you again for giving us this blessing. papa bear. all right. we're getting more details about w

i think, you know, bob iger listens and watches the program.f like it is its own word, super unique you've not seen that before. sportify x. >> fanatics is good. michael rubin won't go for that. it shows you how good fanatics was. >> scorestream, one word scorestream. >> hard to say, kind of. >> scorestream. >> what about sportsstream. >> vortexa, rally route, win wave athlet athletaverse. >> that sounds like the clothing company, owned by gap. >> moving on moving on. how about get to the next segment? >> this is going to be -- i'm looking forward to what the name is now not just saying that >> i hope it is something you just said. >> i'm sure we have some great "squawk" viewers who are playing on x now, might send in their own. >> which, by the way, is a really crappy name. >> x >> yes >> snap revenues missing the mark shares plunging on the news. the company struggled to navigate a slowing digital advertising business joining us now with more on the ad landscape, todd jacobson, ceo of perrian we were shaking our heads. i'm interested in your

did bob iger keep those from storming the castle? we will talk about it. >>> at 8:00 a.m., we have an exclusive interview. you don't want to miss the ceo sundar pichai who will discuss the recent layoffs at the company and the culture and so much more. "squawk box" is coming right back. wealth-changing question -- are you keeping as much of your investment gains as possible? high taxes can erode returns quickly, so you need a tax-optimized portfolio. at creative planning, our money managers and specialists work together to make sure your portfolio and wealth are managed in a tax-efficient manner. it's what you keep that really matters. why not give your wealth a second look? book your free meeting today at creativeplanning.com. creative planning -- a richer way to wealth. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire i think he's having a midlife crisis match

but at the same time there's pressure to deliver on content how does bob iger manage that, to keep costs under control, but at the same time continue to invest in the product to be able to compete with the likes of netflix? >> sure. that's the real challenge that they've got to grapple with here disney has a lot to lean on. some of those like marvel have started to show a little bit of it they need to think of ways to refresh the ip to make it feel new and engaging to consumers and i would saline on those parts of the ip that's the most successful for them. think about the classic disney blockbusters that we've seen in the past around the likes of "the lion king"s, the snow whites of this world we want to see more of those, i think. i think that's what consumers really like from disney. the difficult they have, they're also grappling with inflation around producing these big blockbusters and with the hole strikes, and so it's tricky. so disney does have a good catalog of i pi. it does think to think a little more creatively how to edge gauge with consumers around that now. >> you talk ab

it's down 40%, 50% from a few years ago, don't bet against bob iger. the prophet earnings is possible. earnings up 20%, complete change. if the sales language is still down i think this has always to go. stuart: it is one hundred $8 a barrel. are you buying? >> i haven't bought it. i think it goes to the may be one hundred 50 over the next year. one of the great brand names in history. stuart: under armour we don't talk about much but what have you got? lauren: it was higher by 6%, now it is up one. they raised annual profit forecast in the margin forecast costs are coming down but demand is slowing for their products. costs coming down but sales aren't improving. stuart: a quiet luxury consumer. lauren: tell them my sweater is a cashmere sweater. in general people are going and especially over the holidays and evening china where sales were up double digits they are going and buying the cashmere and the bear sweaters, very trendy right now and ralph lauren came out, stocks at a new hire looked at the forecast. >> have you noticed something about these

and ceo bob iger said wednesday that the company is taking a $1.5 billion stake in epic games. it's disney's biggest move in the game space, yet. another focus of attention, disney and politics again after a very public, multi year spat with and lawsuit against florida governor ron desantis, who accused the company of being liberal and progressive. actor gina carano is suing the company and alleging she was fired from the mandalorian for posting conservative points of view online, including on the social media platform by. elon musk has said he'd throw his billions behind x users who claim discrimination at work due to their posts. he's backing carano�*s lawsuit. and one more piece of disney news this week. it turns out that disney quietly had a hand in the launch of apple's vision pro headset, whichjust hit stores. customers who shell out $3,500 for the headset can watch some of their favorite disney movies in sd or in a handful of universes that disney created. it's a different picture over at paypal. shares of the digital payments giant are down nearly 7% in after—hours trad

when julia boorstin spoke to bob iger yesterday, she asked about nelson peltz.e doesn't intend to speak with him. what does this do to dent disney's profile when you think of the challenges in the coming quarters? >> i think that is a little bit on the back burner given the slew of measures that certainly teams to have investors excited. when you look at the lift in the share price and recently after the measures announced after market. i think it is, of course, a concern and what he was concerned about which is you cannot rely on continuing to up costs and prices at the parks. parks are still a cash cow of the magic kingdom. revenues up 35%. of course, that is up from the covid low with the restrictions in it place last year. it is clear you can't rely on growth just because you are keeping prices rising. i think that by bringing more characters in and more brands and the "fortnite" brand and offering excitement in another way, that will allay the concerns. the prices at parks are still excru excruciating. for meany, it is a once in a lifetime experience. disne

bob iger says the company is turning the corner.pany beat earnings expectations thanks to cost cuts and performance of international theme parks. subscribers to disney fell in the last quarter but iger is forecasting streaming will be profitable by fall. also gaming, 1.5 billion dollar investments in epic games. the stock is up by 6%. we will catch up with the cfo later today. lisa: the sports bundling effort, how that will play into all of this. b, where some of the growth will come from. you don't see the streamer subscriber growth coming there. where are they going to push this given that they try to raise prices and have increased profit margins? c, are we ever going to see new characters or is it all nostalgia? i'm serious. annmarie: they are trying to tap the star power of taylor swift which politicians are also after. i'm confused about disney announcing an espn service in 2025. what is the difference between the espn streaming service and the bundle that they are getting behind? jonathan: i have questions about that and this

"dead pool" is coming out, so everybody should be excited about that >> bob iger is on at 4:00 tonight network. o'reilly, that's today as well >> it's been a great stock it's at a 12-month high here, and continues to chug along. people are driving more, the price of gas has been cooperative. the new car sales have gone up that means people have been selling new cars into the used car market, which had a shortage and that helps with parts and servicing that o'reilly provides so it's been a great stock we have trimmed it a couple of ti times. >> joe, on expedia tomorrow. >> i'm a little concerned that they're engaging in a spending war with airbnb. if you watched the afc and nfc championships, you saw the commercials. i don'wa tt nthem spending that much on marketing. >>> "final trades" are next. so, my best friend sophie says you've been a huge help. at ameriprise financial, more than 9 out of 10 of our clients are likely to recommend us. our neighbors, the garcía's, love working with you. because the advice we give is personalized, -hey, john reese, jr. -how's your father doing? to hel

julia, i know you've got a big interview coming up later today with bob iger. you've had some time to dig in how dig of a deal might this be? >> i think this might be a very big deal certainly it speaks to the pressure that all these media companies are under, but i have to say you have the follow up for bob iger, so gi'm going to b talking with him about this at 4:00 p.m. eastern. but this teaks to the pressure these media companies are under, to monetize the fan dom of people who want to watch sports and thatthey're not losing tha subscription revenue the key thing is the price point. we don't know what it will cost. we can expect somethinging in the $40 to $50 range that might determine whether this drives core cutting for people who are already -- who are currently paying for a pay tv bundle or whether it appeals to people who are sort of dim tall first consumers so that will be a key thing to watch is the price point and for them to get this ready to go by the fall, given that there are these three media giants partnering on this is a big undertaking for s

actually i really like what bob iger is due.he espn joint venture a lot, i like the fact he keeps having cost cutting more and more and more so, he is going to succeed his seven point million cost cutting. we have a new chief financial officer there, from amazon. that empire really comes in pre- cash flow growth as a primary metric, so think we are going to get over delivery of profitability and pre-cash flow growth. and you've got the parks. so whereas warner bros. a sort of pure play, the melting ice cube of -- in disney, half of their revenue comes from parks. so you are sort of hedged, one can be working in one canopy. you don't have all your eggs in one basket. okay so, doug give me the best case scenario and wbtv? >> yeah so, i can give you a -- one a and one b, in terms of how to address content libraries the best. content creation engines. warner has -- been but, disney's two x -- and i think even if you were to say part of the businesses worth the -- i think disney's content is still selling at a premium to warner. 's w

iger hit all friends are together later coming out, now everyone is denying the discussion and these friends are saying that we don't agree, why and how we will definitely deal with it tonight, only i have a request for the last 30 seconds from dear mr. kummers hashemi, the honorable minister of youth sports, a very well-known person in the media. regarding the media, please take care of it. we, the athlete mr. hashemi, wanted to address it. we went to the program to tell you, sir , come to god, please explain, we want to make this athlete, where is he, what do you want to do, and finally, after being satisfied with some stories, the friends will talk, we want to talk about the national team, sir. you went there, you didn't come to a conclusion , you came to a conclusion, they don't want to talk about any story at all, and we have to find them very hard, that is , we want to cover every story in the football magazine, now let's discuss football, mr. hashemi, no one is responsible , not in our program at all. apparently, this is happening in other places too. tonight , i named two or

the iger ensemble was a model for the entire soviet union, that is, groups were created according tormer republics of the soviet union. and valentinova, she took a completely different path, making an ensemble, it’s possible. to say the opposite of igor moiseev, but this ensemble became a laureate of the all-union competition, and the fame of kharushka quickly began to grow. from japan to america, their art united peoples. belarusians captivated audiences from more than forty countries; even the iron lady margaret thatcher could not resist. the end of the concert, she couldn’t resist, went backstage, thanked valentina ivanovna, said that this is great, there is no dance for dance’s sake. there is something here that helps to reveal the human soul, and this delights, of course, not only the russian, not only any slav, the arabs understand this, the italians understand this, a person, the more he sees pretty things, the more he likes them, the son, like no one , knows what world success is worth, growing up together with the team, as alexey jokes, through connections he didn’t manage t

i joined disney's board the day bob iger was asked to return as ceo.ve a prior relationship. i can tell you my observation, it was a brilliant decision of the board to bring bob iger back. he has fundamentally restructured the company. he has laid out his strategic priorities. espn is one of them. of course, we're going to launch flagship next year, 2025. we're very excited about our live sports franchises. we are refocusing on the creative and the theatrical side. bob personally is spending a lot more time in partnership with allen bergman on that business. the streaming business, when bob walked in, was losing over $800 million a year ago, and now, we lost a little over $100 million. we're well on our way to profitability, which we promised the street, and we have real ambitions to have that be a healthy double-digit business going forward. >> right. >> so, my perspective is bob iger is, by far and away, the best person to be in that chair. he's got the company on a growth trajectory amidst a lot of change. >> a growth trajectory? that seems a bit ag

but since bob iger returned there has been a lot of turmoil at the studio.op distributor in the world for box office —— a bad year. this is part of a wider restructure of the whole disney theatrical film strategy. of the whole disney theatrical film strate: . ~ , ., ., , ., strategy. why have the movie is not been doin: strategy. why have the movie is not been doing so _ strategy. why have the movie is not been doing so well— strategy. why have the movie is not been doing so well at _ strategy. why have the movie is not been doing so well at the _ strategy. why have the movie is not been doing so well at the box - been doing so well at the box office? —— movies. the been doing so well at the box office? -- movies. the reason why disney have _ office? -- movies. the reason why disney have done _ office? -- movies. the reason why disney have done so _ office? -- movies. the reason why disney have done so well- office? -- movies. the reason why disney have done so well recentlyl office? -- movies. the reason whyl disney have done so well recently is because the

there are a lot of challenges for bob iger and the team and yet he does seem to be hitting every singlementum, i the new sport streaming service announce and getting taylor swift on board, buying epic games, they are really going for it.— really going for it. sure, any xco that _ really going for it. sure, any xco that comes _ really going for it. sure, any xco that comes in _ really going for it. sure, any xco that comes in with - really going for it. sure, any xco that comes in with the l really going for it. sure, any i xco that comes in with the sort of turnaround mentality, the first place to go is to stop the bleeding we have seen his attempts at that and although some of the stories are it is not going as well or been harder than expected, secondly he needs to start looking at his cash counts. in his first year, there were lots of acquisitions and feels like we're going the same routes again and yet of those acquisitions plays are not performing, for example the fox entertainment assets, they really have not been effectively monetised yet. what is good and it is something they ne

of course, bob iger recently taking back over as ceo of that business. will be speaking as cfo -- we will be speaking to the cfo that business. tune in for that conversation. coming up, we will examine the state of ties between the u.s. and china in terms of trade, we have an update in terms of ruptures around the red sea and how that is impacting supply chains and shipping. all of that is next. this is bloomberg. ♪ >> time now for terms of trade. this week we are focusing on the outlook for u.s. trade with china. in a crucial election year for the u.s.. the u.s. goods trade deficit trying to its lowest levels since 2010. china's imports have faced higher tariffs and donald trump imposed detentions measures on his administration. on the changing nature of trade during these two nations, a spring in the hendrick foundation in singapore. the former executive director and founder of the asian trade center. someone who has a deep end dilemma -- deep end of the knowledge. she talk to us about the adjustments and changes that you have seen. u.s. imports of chi

how is your streaming business with, bob iger or? we're a little curious. we're going to find out.rrow. and real quick, amber, on the impeachment inquiry. further efforts? perhaps they bring it back next week? >> i think they're just waiting for steve scalise to get back, and they'll do it. maria: all right. great to be with you all a. thanks so much. have is a great day, everybody. see you again tomorrow. stay with fox business. "varney & company" picks it up. stu, take it away. stuart: all right, good morning, maria. good morning, everybody. congress is in disarray. unable to pass legislation, unable to impeach homeland security chief

>> effective in terms of iraq, syria, yemen, iger irgc.advance like dropping leaf letters to the ground. week of preparation to get out. irgc pulled out of iraq and syria and yemen prior to the strikes. the strikes were good, they were not as effective as they could have been. >> brian: iran, hitting iran off the table, is that smart? >> i would back channel that to the ayatollah, if you kill u.s. service men and women, we'll will hit iran. we hear mixed reviewed about what they would do. john kirby said you would not do it. don't telegraph what you wouldn't do. that gives the enemy more power. >> brian: border reform and senator lankford one of the co-authors of it, here is what he said, mischaracterization of the 5000 trigger. watch. we have to be able to have something that deports everyone rather than releases everyone. people are thinking this is like counting 5000 people in everyday and releasing them, that is absurd. we double deportation flights and add ankle monitors, for family groups to track any individual. all things we build

that is bob iger's goal. how do you get there? stuart: chipotle, 2007, eight%. %.and city say it's going -- four times in the past two years, traffic rose 7. 4% in the quarter. same-store sales rose 8.4%. can't get a meal for less than $15. stuart: ali baba, chinese online market down 5 points. lauren: the latest earnings revenue, less demand for what they sell even though they increase their share buyback. stuart: janet yellen was confronted about whether the department used political search terms like himaga or trump. what was her response? the treasury secretary when confronted? >> reporter: janet yellen did not deny the surveillance scheme by federal investigators to try to get banks to snoop on their customer transactions as far as their investigation to january 6th. fox digital exclusively reported the federal government profiled who they thought would be persons of interest and it came down to people who love to shop at dick's sporting-goods or bass pro shop. might have purchased religious books. a lot of this sounds like most americans. those are the red fl

bob iger, the head of disney is saying that it's good for both. >> it is, maybe. we have to see where it goes. in the near term, i'm not sure if it's such a win for fans for two reasons. number one, we don't know the price yet. it's probably going to be in the $40-$50 range, because it will be mirrored after what these networks get in their cable deals, so the price point is going to be pretty high. it's going to be between what a regional sports network gets, which is in the $30 range for your local teams let's say you are in new york and want to watch the yankees, the local teams direct to consumer are about $30, and something like youtube is $72, so win, but the bigger question is where it goes from here. >> andrew marchand, thanks so much. we appreciate it. >>> stay with cnn central. we are minutes away from a showdown on the sump -- senate floor. right now, you're watching arizona independent senator, kyrsten sinema, one of the chief negotiators of the bill give quite a speech on the floor. we will be right back.

them on the call next week talk about that more in the same way different industries and the way bob igerout fox sports partnership that he has going. there's an opportunity for cisco to get back on its feet, but they need to act on it. >> it looks like it would be the second significant pairing of jobs from this company in the last let's call it 18 months or so. november of '22, they did announce during an earnings call a restructuring that impacted 5% of the workforce. this particular report suggests the total number of employees in this round is not known. kevin simpson, you're in this name too, aren't you? >> i am, scott. if you think about the ak acquisition of spunk, it might seem there's an excess of employees. this company is committed to really 50% of free cash flow being distributed to shareholders through buybacks, dividends. they still have $10 billion of buybacks that they have authorized. i don't expect a lot of out the earnings report. we do own it, we have a 52.5 call against half the position. we love the stock long-term, but i'm not sure there are going to be tremendous

hopefully it will get more rational, and iger is moving things around, but we will hear about the board is a lot of news going on. >> how about pepsi, weiss, on friday. were you interested in this name? been looking at it? >> you know, i always look at pepsi and coke because they are such iconic brands and traditionally have been great stocks. i want to hear what they have to say about ozempic and the others. apparently it's much to do about nothing. we have heard from the other companies that that's not affecting consumer behavior, and let's get what their take is because of the broadness of the business. >> up next, mike santoli, with his midday word. we're back after this. [typing] ♪ you were made to act spontaneously. we were made to help plan accordingly. ♪ [disconcerting stomach gurgle] not again. maybe i should get this looked at? [suggestive stomach gurgle] zocdoc? [talkative stomach gurgle] you're right, i bet they deal with this all the time. dr. finley really puts you at ease. let's do it! you've got more options than you know. book now. - "best thing i've ever done." that's

to play ball, because there is no ceo of fortune 500 company right now who wants to be the next bob iger ceo of disney with a politician gunning for them. there is the possibility it could be trump and they don't want to be a target. but be, they're also egotistical. they like to be caused and president biden, while he is lots of winning policies, does not appreciate the ceos. i'm not saying he should. but they like to get the call. one of them gave me a call. i was like look at this data. how can you say he is not pro business? and he said to me, you can tell a person's priorities based on their schedule. joe biden doesn't call us. i'm not saying that he should, i'm telling you that's the cycle. >> that's an amazing anecdote. i also remember the time that joe biden bet bill acting, and the big hedge fund guy, and he said who as this who is this a whole? >> that was a story that we supposed to stay in las vegas, but didn't. >> those two elements to this offense so far. one of the weird things is there is a gap between people self reporting in the numbers. but there's also this weird gap

whether or not bob iger is going to be able to speak convincingly about the outlook for one of the world's largest entertainment businesses. that earnings print coming through later u.s. time. you can get around above the stories that you need to know through your day by going to today's edition of daybreak terminal. plenty more coming up. we will do a deep dive into these chinese markets as well. there's a little bit more optimism on the policy front. there will be a more determined effort to shore up that economy and show up the markets. but tech in china is taking a big hit, part of that down to the chipmaker smic. plenty more coming up. this is bloomberg. ♪ tom: welcome back to bloomberg daybreak: europe. happy wednesday. after european stocks edged and hit another 12 month high yesterday, looking to build on that today. a lot of that was down to the relatively positive earnings story. if you strip out the concerns about ubs or the downside that came from that stock yesterday. ftse 100 futures pointing to gains of 1/10 of 1%. s&p futures are currently flat. nasdaq futures also in flat

we will hear more from bob iger in our exclusive interview coming up this afternoon in closing bell.s here. this is reconstituting, is it not, what you get with a bundle in the cable universe? i mean, we are going back to the future here a little bit. i guess one of the reasons a lot of people cut the cable, or cut the cord is, for example, they don't want the sports channels. they don't watch sports, so they don't want to pay for it. this lets them tailor their consumption better. >> yes. look, it is a re-bundling what we have missing is comcast, cnbc's parent company. has a lot of sports, including a peacock. and paramount shares took quite a tumble today. paramount global and paramount+ , those are excluded from this new bundle. it is a re-bundling but it is skinnier than other bundles and it's focused just on sports. yes, you can watch fox, abc, you can get some reality tv, sitcoms, and news, but it's not the entirety of all of the channels if you pay for traditional tv. >> let's talk about, very quickly, will this consortium of products get together to bid jointly on sports righ

bob iger says this marks their biggest entry into the world of games and offers opportunities for growthoming to disney plus on march 15th. on the heels of her winning album of the year, breaking a record, announced a new album and she's going to the super bowl on sunday because she will be cheering on her boyfriend, travis kelce. first it was your gas stove, your gas powered vehicle and now, drum roll please, according to tiana lowe they want to get rid of balloons. environmental activists say the release or public release of balloons should be banned. they threaten p h sea creaturesf or waterways. they account for part of the litter in the ocean. p bepeta has a new target, animl themed carousels. they say they celebrate animal exploitation. >> wow. >> it's hard to read this with a straight face. they say there should be cars, airplanes or bulldozers. >> yo how is that better thana fixal pony or horse. >> they don't care about the environment. they care about the animals. >> being on a carousel made me want to get a horse. >> it's how to treat a horse nicely. >> it's a war on children's

you have bob iger issuing an upbeat profit outlook and announced a 1.5 million stake in epic games. i was a former games reporter myself. so i am enjoying that deal. more than 12%. holdings up 55, nearly 55%. nearly 56% and soaring on a bullish earnings forecast, showing the push beyond smartphones is fueling growth. we want to end on treasuries as we talk about the 30 year auction. $25 billion in more than 25 years. market watchers will look for the demand on the option as it is such an uncertain outlook. we are joined by liz mccormick who discusses. and when you look at the risk investors are facing further on the curve, investors have been wanting the treasury to manage this duration risk. on the other hand, 30 years out is a long time. liz: that is the thing. as an investor if things go bad and there is a flight to safety to treasuries that long-duration means that prices gain quicker. that is a good thing. the risk is that if things go sideways with yields up a little bit today and things -- and people who bought yesterday are a little bit underwater, file little bit more pain.

. >>> nelson peltz, delivering some strong comments to disney's bob iger. >> very little meat on thec games, up 1,000,000,000 1/2 dollars. what is the return? what are we getting to shareholders? a nice announcement, i hope. they don't have a long history in video games that is very positive. "what should we do with it?" bacon and eggs 25/7. you're darn right. solar stocks are up 20% with the additional hour in the day. [ clocks ticking ] i'm ruined. with the extra hour i'm thinking companywide power nap. let's put it to a vote. [ all snoring ] this is going to wreak havoc on overtime approvals. anything can change the world of work. from hr to payroll, adp designs forward-thinking solutions to take on the next anything. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or

we won bob iger was looking like he was staggering for a while, he talked about cutting prices for visitors. i don't know if that was reflected in the latest score because the park attendance was still super strong, people paying through the nose to get in so that is probably not changed but it is a testament to the strength of the consumer. tell us about that. >> the resilience of the consumer, one of those puzzling numbers in all the economics we analyzed it despite inflation the consumer is strong, we still have aftermath, ptsd from covid and the desire for live experiences. they've been smart at packaging the ticket, experiences that you have to pay for the cookies and all this other stuff. it is unbelievable that families are still going into debt to go to disney. stuart: neil: you hear the consumer spending like crazy, but doing so on credit, slapping on credit. we've always heard that before. i don't know if it's different this time. what do you think? >> it's the reality of what we are seeing, the debt and it is defaulting payment ratios. the economy will hopefully bounce back and t