what does disney mean to you? oh, i mean, i would say disney fights hopelessness with hope.s a place ofjoy, imagination. it's where you can just truly escape and dream about what's possible. and i've been committed to that idea since i was a small child, and i guess it never left me. and we are, of course, going to talk much more about disney. but i'd like to just get a sense first of who you are and how you got here. i think you were born on rhode island, in rhode island, and grew up in a single—parent family. your mother worked two jobs to support you and your sister. and as i said at the beginning, you've talked about being bullied. what was it about watching cinderella that helped you cope? oh, i think definitely the part about cinderella that i'm most connected with is... she was mistreated by her own family, which is even more upsetting. but she stayed true to herself. she didn't believe them when they treated her like she was less than them. and i think for children, when a child's bullied, they tend to eventually believe the bullies. they think, "i am... i must be th

what does disney mean to you? oh, i mean, i would say disney fights hopelessness with hope. and it's a place ofjoy, imagination. it's where you can just truly escape and dream about what's possible. and i've been committed to that idea since i was a small child, and i guess it never left me. and we are, of course, going to talk much more about disney. but i'd like to just get a sense first of who you are and how you got here. i think you were born on rhode island, in rhode island, and grew up in a single—parent family. your mother worked two jobs to support you and your sister. and as i said at the beginning, you've talked about being bullied. what was it about watching cinderella that helped you cope? oh, i think definitely the part about cinderella that i'm most connected with is... she was mistreated by her own family, which is even more upsetting. but she stayed true to herself. she didn't believe them when they treated her like she was less than them. and i think for children, when a child's bullied, they tend to eventually believe the bullies. they think, "i am... i mu

just like charter did with disney, which is, yeah, disney can experiment and they can do this and thatnd the other thing, but when they had to come back to us for the vast bulk of their profitability, we're going to sit down and have a serious discussion about the future. and i thought both sides handled themselves with great dignity in that they didn't go out and say the other guy was a jerk they negotiated. they were trying to get the other side to understand it from their point of view. here's how we look at it and i think they ended up with a good solution, which i think will be the model now for some of these old media streams >> malone obviously talking about that agreement between disney and charter we're going to have an opportunity, by the way, to speak with chris winfrey, the ceo of charter i'm sure we'll talk about that disney agreement, guys but jim, when it comes to this world that we have been talking about for quite some time that has consumed, what, $11 billion of disney's capital so far, it's still far from clear to the profitability of many of these streaming services

disney has that literally with the disney brand.t's obviously family entertainment and they have that with the has p.m. brand but they don't have that with abc. any brand you have where people don't have a clear reason as to why i'm going there to watch content i think potentially will be sold off and it will not really be part of disney. the brands that remain, i think they will invest heavily in so i don't think you will see cost-cutting. bob iger recently said he wants to grow disney and you don't grow through cost-cutting, you grow through investment and i think that's what will ultimately happen here. sonali: how do you think it works out for disney? this is a stock where it's been under some pressure this year, trailing the s&p and there's clearly a lot of transformative moves happening. of the investments they are making, what will bring in the most money? >> it's ultimately disney, the way to look at this is relative to its performance to the last year or two is probably fairly valued but relative to what bob iger is capable

we haven't really seen the same leg up in disney shares that we saw during the pandemic when disney had the new disney plus subscribers and look at this new business we have there is no new business theme parks is a good story, but it is an old story before succession, it is iger's job to position disney where investors can get excited about putting their money in the stock. i think early in 2025 is when disney will start talking about succession and this year is spent on iger's choosing there are definitely cynics out there who think bob iger will just continue to kick the can down the road indefinitely and stay as disney ceo for literally as long as he can because this is a job he loves and the board has confidence in him. remember, he has pushed back his retirement five times since he has become ceo just because the plan might be for him to lead by the end of 2026, we all know that may not come to fruition. >> alex, you have done a lot of great writing on the topic bob iger changed his mind. he wasn't in love with hulu and disney pew buys the full share m comcast. then maybe spinning

an example of that, next month disney will launch a beta test of an app that combines disney+, streamingnother streaming servers. itjust bought the remaining stake in hulu from comcast. this comes as dreaming losses are and is disney + added 7 million subscribers, that is nearly double forecasts. it is also investing money in its theme parks, which continue to grow. we switched places whenever we use them. ., ., ., , and new films like the marvels, due out this friday, should help its film studio which is focusing on making less stuff of higher quality from its existing franchises. still, not everything is rosy. for example, disney�*s abc network and other stations of lower political advertising revenue during the quarter, a decline in ad revenue that has worried investors. and there is still the question, what does disney plan to do with espn? its sport service which many wonder whether or not it will sell off in the future. on that, mr iger got did not offer much commentary. let�*s go to los angeles and speak to guy bisson. who covers the media industry for ampere analysis. before we t

an example of that next month, disney will want a better test of an app that launches disney plus, ifg service. itjust bought the remaining stake in hulu from comcast. this comes as streaming losses shrunk and as disney+ added 7 million subscribers, that is nearly double forecasts. it is also investing money in its theme parks, which continue to grow. and new films like the marvels, due out this friday, should help its film studio, which is focusing on making less stuff of higher quality from its existing franchises. still, not all is rosy. for example, disney�*s abc network and other tv stations saw lower political advertising revenue during the quarter, a decline in ad revenue that has worried investors. and there is still the question — what does disney plan to do with espn, its sports service, which many wonder whether or not it will sell off in the future. on that, i didn�*t offer much commentary. on that, i didn't offer much commentary-— on that, i didn't offer much commentary. on that, i didn't offer much commenta . �* ., ., �*, commentary. before we go, let's u date commentary

he has a buy rating on disney, $110 price target. what do you make of it johnson going to disney. move. jason: it is an interesting live. i have not spoken to any institutional investor who is not pleased with johnston coming on board. it is unusual in that disney does not have a long track record of bringing in external c-suite talent. but investors like the move. jon: given this long list of issues, not just succession, but the teacher of the business overall, should we be drilling into a couple of key things to watch for in the quarter, or are we looking for bigger things of what is to come? jason: there is so many moving parts. i had one institutional investor tell me he has never seen a company with so many plates spinning at the same time. there is a question around assets. we do not know which assets disney wants to hang onto, abc, hulu, espn? there is a question around strategy. disney is unclear about its ambitions when it comes to streaming. visit want to be the nich -- a niche app or a mass-market tv substitute like netflix? unclear. then there is the financials. 10 dis

t >>> time to go to the big money movers disney reporting over 150 million subscribers for the disneys platform compared to the 148 estimated. bob iger says he believes subscriber growth can continue as the company considers options for each of the networks >> we do expect subscriber growth to continue we are focused on profitability by the end of fiscal 2024. we had a great quarter as you noted adding 7 million core disney plus subs that was a result of content >> each of our networks and we do that as a matter of course for all assets we are aiming to increase shareholder value. >> for more on the quarter, let's bring in jason basniak >> good morning. >> give us your take on the quarter and what you heard from bob iger and the tentative deal with the actors. did that change your price target >> that was expected by the market i think people are happy to see it get done it doesn't change our view on disney for the quarter, i think you encapsulated it right. profits were better. that is what the street cares about. the most important thing that happened on the call was the upsizing of

plus, disney has its hands full. not in a good way. bob iger is dealing with a stock that's stuck in the mud. media landscape and looming activist fight. we will scdiuss all of that and more disney when "power lunch" returns. >>> shares of microsoft hitting a high today. just about $140 billion. what's 140 billion among friends? for a deeper look, let's bring in steve kovach. >> there's a simple why microsoft is closing that market cap fwap with apple. it just ignited a promising growth engine. apple is coming off the year of declining sales and projected little to no growth for the current holiday quarter and there's no clear growth catalyst on the horizon. microsoft showed up when it reported earnings just last month that all that ai activity is helping boost growth for its azure cloud unit. just started selling its co-pilot to business customers last year. apple is now working on its generative ai products that could launch as soon as next year, but for now, it has nothing to offer. now, there's been this tit for tat between these t

can he present a cohesive plan for all of disney's moving parts from disney plus to the parks? abc network and espn whose financials will be broken out for the first time in a disney earnings report. well, it will be enough to satisfy activist investor nelson peltz, that's a huge question and he's back to circling disney with a fresh demand to fix the stock and lost 15% year over year. coming up, stand by for arguably the most widely followed disney analyst light share partners rich greenfield and what he says you need to hear if you're a disney shareholder or thinking about buying the stock. we have to talk about stocks on why worner bros discovery stock is cratering right now. with this loss, it's at session lows, down 17.7%. bar none far in away the worst performer on s&p 500 and wbd reported a quarterly loss. it was the quarter with the barbie movie revenue. it was a huge hit. what happened in we'll ask rich greenfield about that. aside from disney after the bell, we're waiting on day care two actions and we're up 6.25% for t2 and set to unveil the trailer for the next gran

you look at disney's success plan. investor, are you concerned what is the next step for these companies, who takes over from bob iger and when bob iger moves on? >> what i'm finding interesting is it's taken this long to find out who that right person is going to be. i'm sure internally they have a pretty good idea. i think it tells you how i ger is, he's one of the few people on the planet capable of running this business, and we haven't heard many others they're considering, but i'm pretty confident they'll find the right person. no one is indispensable. >> do you think it's time for someone to take control as investor? >> i'm going to leave the teaming to them, but i think it would be good to know who's sort of the roster of options that they're considering. >> all right. disney reports after the bell. shares up just half a percent right now. peter boockvar, also great to see you. >>> we're going to shift our gears to artificial intelligence. it's is it to be a big focus on capitol hill today. the senate will hold

an example of that next month, disney will launch a beta test of an app that combines disney plus its streaming service with hulu and other streaming service. itjust bought the remaining stake in hulu from comcast. this comes as streaming losses shrunk and as disney plus added seven million subscribers. that's nearly double forecasts. it's also investing money in its theme parks, which continued to grow. and new films like the marvels, due out this friday, should help its film studio, which is focusing on making less stuff of higher quality from its existing franchises. still, not all is rosy. for example, disney's abc network and other tv stations saw lower political advertising revenue during the quarter, a decline in ad revenue that has worried investors. and there is still the question, what does disney plan to do with espn, its sports service, which many wonder whether or not it will sell off in the future? on that, mr iger didn't offer much commentary. meanwhile airbnb is losing properties banded the new rules prohibiting short—term rentals. the companies code founder and ceo sa

a big beat for disney. the company major gains at theme parks, the sharp rise in streaming subscribers and billions more in cost-cutting than expected. a we'll debate. >>> plus, obesity breakthrough. the fda approving mounjaro for weight loss. paving the way for a pop in prescriptions. the details s coming up. >>> and later, the chart master is here with a new call. he'll give us the long and short of his technical takes straight ahead. we start off with disney earnings. shares of the entertainment giant slightly higher in the afterhours, beating earnings estimates and raising cost-cutting target revenues. did fall short of expectations. cnbc's julia boorstin spoke with bob iger last hour about the quarter and the future of espn and much more. julia, what's the latest? >> well, melissa, disney reporting a big beat in earnings thanks to expanding its cost-cutting target by $2 billion to $7.5 billion. the company also dramatically reducing its losses in its direct to consumer division, while its subscribers i

against disney ceo bob iger. so, the next moment to watch is tuesday, that's when the window for board nominations opens. we may hear from peltz about who exactly he's proposing for his board seats that he's looking for. melissa? >> so, the point being made is that there's bad blood, but he owns the shares, so he can vote or push for whatever he wants, it really doesn't do anything to the argument that he's a major shareholder pushing for change. >> exactly. he is a major shareholder, but what disney is doing in that -- in that note, in that comment in their press release is that they're saying, don't forget that this is someone who was fired, he has bad blood, and he doesn't like bob iger. and so, they're sort of saying that it is, perhaps, about sour grapes, though, yes, of course, he does own those shares. so, some interesting personal dynamics behind the billions of llars of shares and everything at stake here, melissa. >> all right, julia, thank you. julia boorstin. tim, what's your take on all this? >> i --

we partnered with charter during the disney charter dispute.rom that respect, we will continue to look for partnerships that will drive value for customers and shareholders. matt: how many players are in this space that you have to compete with, offer a better product? or even players that are offering something different but still taking consumer dollars? what do you see that being consolidated down to in five, 10, 15 years? david: you used to have 80 channels, now you have 80 apps. what has become clear is media executives of traditional media companies are in favor of ensuring that that bundle stays alive. you will see that, especially with the charter disney dispute, espn plus will now be part of the spectrum offerings. my sense is he will start to see media companies gravitate toward the bundle. it improves customer experience, improves their ad business, and allows them to support their sports contract. it is difficult for them in their single streaming apps to deliver the audience is required to pay for that content. matt: i wonder in th

an example of that, next month disney will launch a beta test of an app that combines disney+, its streamingt the remaining stake in hulu from comcast. this comes as streaming losses shrunk and as disney added 7 million subscribers, that is nearly double forecasts. it is also investing money in its theme parks, which continue to grow. and new films like the marvels, due out this friday, should help its film studio which is focusing on making less stuff of higher quality from its existing franchises. still, not all is rosy. for example, disney's abc network and other stations of lower political advertising revenue during the quarter, a decline in ad revenue that has worried investors. and there is still the question — what does disney plan to do with espn, its sports service which many wonder whether or not it will sell off in the future. now to the travel sector. our passenger numbers have rebound sharply since covid restrictions were lifted across much of the world last year. it is taking a little while to filter through to increased amount for planes as the airbus boss told the bbc. the da

in many respects that's true at disney too. company that's in the public eye all the time. there's interest from just about every sector of society in disney. and it takes a certain type to be able to not only compartmentalize when it comes to managing issues and problems, but i think it takes a tremendous amount of energy, a tremendous about of patience, the ability to communicate on multiple subjects, sometimes back to back to back to back, and i think that, you know, when we take the -- >> what will be different this time? >> the succession process at disney is robust -- >> was it not robust the first time? >> it was, but i think we're approaching it differently. and i just don't want to -- it's just not something -- other than saying that we're aggressively pursuing succession. there's nothing -- no more detail that i want to give. >> do you think in two years, you really will step down? >> given the list of things that i have to do, i'm definitely going to step down. >> we're attacking each one of them. >> let's talk about

our question of the day, are disney's share ahead tonight? we have the results coming up later on in the hour, and in the meantime, we'll check up on top stocks to watch as we head into the close. kristina? >> thanks, scott. let's talk about company toast because they're pretty moech m much toast. this is sending shares down over 12%, and almost 13% and gross payment volume came in fractionally below estimates. shares of robinhood down big after the trading platform missed estimates in the third quarter and it is down 14% and the company reported fewer monthly active users and the drop in trading volume from the same period last year and the company is expanding its earnings release and they'll be soon launching a brokerage in the eu customers. >> shafrngs thanks so much, we're just getting started here on "closing bell." up next, generating returns by investing in emergency's service members and that is the first of its kind from the etf academy securities and we'll speak with ceo chance mims and phil mcconkey. you are watching "the closing

i am interested in a disney plus hulu super app. ed: where is the innovation story with disney? what makes disney a technology company if at all? laura: it is not, it is a content company and content is not working. content is the engine. what disney does best is drive theme park attendance, consumer product attendance, when your tv bundles, streaming subscription revenue. it drives everything. avatar, marvel, star wars. it is a content company, not a technology company. ed: laura martin bringing the energy this thursday morning. thank you for your time. coming up, we will speak to david risher on the ridesharing numbers. caroline: instacart reported after the bell, better than this quarter they were telling us the numbers on. they are talking about macro economic headwinds and diving back of the advertising growth. ultimately, they are talking about several headwinds like the online industry. we are still -- they are still confident in the long-term opportunity of their business, particularly online adoption in grocery. a very confident -- even though the market does not seem t

tom: i am humbled by the collapse of disney. disney is what you bought your kids.ney so you get a certificate with mickey mouse. scarlet: bob iger is humbled as well. tom: what does he do with abc? that is a tv network. scarlet: he is looking to sell. i do not know who is buying. tom: who is buying? that is a key idea. it is like american housing. you have to find somebody to buy. scarlet: everything is frozen right now. tom: you know. scarlet: we have a lot of data coming up in over 30 minutes. tom: in four minutes we have lizzie from london. scarlet: probably no change to the rate. kind of like the fed. tom: she stands in front of the bank of england in front of the gorgeous building. she gets a more british accent. scarlet: i see. tom: i do not know where she is now. queen victoria street. it is like ferro. every fourth word i unlike, what did you say? bank of england is coming up but it is not a routine matter. futures advancing up 24. good morning. ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest

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an example of that, next month disney will launch a beta test of an app that combines disney plus, streaming servers, with hulu, another streaming servers. itjust bought the remaining stake in bulloo from comcast. this comes as dreaming losses are and is disney plus added 7 million subscribers, thatis added 7 million subscribers, that is nearly double forecasts. it is also investing money in its theme parks, which continue to grow. find money in its theme parks, which continue to grow.— continue to grow. and new for -- films _ continue to grow. and new for -- films like _ continue to grow. and new for -- films like the _ continue to grow. and new for -- films like the marbles, - continue to grow. and new fori -- films like the marbles, due —— films like the marbles, due out this friday, should help its film studio which is focusing on making less stuff of higher quality from its existing franchises. still, not everything is rosy, example, disney's abc network and other stations of lower political advertising revenue during the quarter, a decline in ad revenue that has worried investors. and t

it's a new disney movie. >> yeah, it is celebrating 100 years of disney. >> seth: 100 years this couldseth: because my boys, the two older ones, they're old enough to go to movies now and bringing them to the movies is my favorite thing in the world. and not all kids' movies are good [ light laughter ] >> well, i think this one is >> seth: i believe it is [ light laughter ] again, it is obviously in the safe hands of disney >> yes >> seth: so what was your mom's reaction when you told her you were going to be in a disney movie? >> oh, she -- i believe it went like this. "you're doing what wow! that's big!" >> seth: oh, wow [ light laughter ] >> i was like, "yeah, it's cool, mom. she's like, "no, it's cool, that's big that's like the house of mouse." >> seth: that's very - [ light laughter ] i like when your parents outside of show business want to let you know how big something is. >> oh, yeah. it was a great moment. we've had many great moments >> seth: so tell us a little bit about your character and the film do not spoil anything, because i'm gonna see it >> i promise i will not. >>

investors are waiting for disney as the mouse tries to turn a profit on streaming service disney plus is bloomberg. ♪ guy: this is bloomberg markets, bloomberg crypto has a special show on fintech for begins at 1:00 p.m. new york time. it also includes ceos. this is bloomberg. we are waiting for the amounts, disney expected to report subscriber growth for its streaming service disney plus as investors await details on the profitability. for more we are joined by a senior analyst. i feel that we have focused on disney plus and subscribers and what the numbers look like. is that what we will be doing again with this set of figures? are there other areas we can be looking at? >> stream and subscribers is not such a big deal anymore for the media landscape, subscriber growth has hit a wall across the whole sector, we are looking for is streaming profitability or lower streaming losses at least and with disney we have $4 billion that they had in streaming losses last year. they're looking for a significant pairing of that by 2.5 or 2.6 billion for fiscal 2023. i think what investors are go

disney reports this week.aramount with a double downgrade over at b of a. >>> and citi considering some steep job cuts as part of a corporate overhaul. let's begin, though, with this new week for the markets, jim. you had some words this morning on x for mike wilson, arguing that things actually changed last week. >> look, mike said he wants to keep an open mind. i don't know. he's been a dominant force for this bear market for much of the market, but he wants to keep an open mind, but at the same time, it's like last week didn't occur. we see analysts don't understand what i think is a true sea change, when you get the sellers are done, interest rates go down, fed out of the picture for a while, and then the next thing you know, we have a body issuance that makes it so you can't shoot against the bonds and you have the largest short position bonds in history. what happens is you coalesce with shorts in stocks, because they have been pretty easy for a while. shorts in bonds, capitulating. nothing to shoot agai

but ultimately what we are really seeing with disney is you have disney plus, you are going to have huluto the disney plus app. the bigger movies what are they doing with espn. this is what bob iger alluded to, do ultimately have that streaming bundle that makes it an absolute must have when it comes to all of the different streaming platforms out there. really dominate the streaming space with a four-quadrant approach with content for everybody. alix: depends on how much stomach there is for star wars and marvel, too. geetha, thanks a lot. appreciate it. let's turn to other stories. mgm beating third-quarter estimates. stop down .5%. wynn resorts going to be reporting after the bell today. want to bring in jody loya bloomberg intelligence who covers gaming and casinos. why is this talk down? looked --why is the stock down? looked relatively solid. >> as a credit analyst we always say don't look at the stock, look at the bonds. really it comes down to that. here is a company that is spending a tremendous amount on share buybacks. there will be spending a tremendous amount on. they are fo

he was then joined on stage for the second half by disney's entertainment chiefs, espn head and disney'sespn and the focus on building it into a digital sports platform. they talked about potential strategic partnerships for espn, including leagues or tech companies, though they said they could go it alone. they talked about focussing on profitability for disney streaming business and excitement about integrating hulu in. iger talked about the importance of improving the quality of the film studios. film certainly under scrutiny after several disappoints. finally the park's business, which iger doubled down on with a $60 billion investment over the next ten years. now, nelson potential activist move did not come up in this town hall, which several people described to me as very raw raw. iger talked a lot about his optimism and his also his faith and confidence in disney's family of brands. kelly? >> but that's interesting what he down played about the tv channels themselves. i wonder why? >> well, here is the thing, kelly. you have to remember that in iger's interview with me after disne

but wait, you were a disney kid. >> seth: i grew up with disney, yeah from a different era >> that'ses that i saw in the theaters. so like "jungle book." "sword in the stone. "robin hood" is one i really like >> yes >> seth: "the rescuers" was a big one for me >> oh, i love "the rescuers. medusa >> seth: yeah. really good. >> come on she was everything >> seth: really good villian >> really great villian. were you into "tarzan" because i was into "tarzan." >> seth: i did enjoy - i feel like i maybe -- you know what, i think i'm going to be honest i think i missed "tarzan." >> what? phil collins "trashin' the camp"? >> seth: yeah. i think, though, there's this time in your life, between when you're a kid and you have them, that you're not like, "i've got to see the new disney movie. [ light laughter ] >> you know, i don't have children so i'm going to say that - >> seth: yeah. >> that's really fair. >> seth: yeah. but i will say, you know what the one that i missed and then my kids found, is "moana." >> so good >> seth: "moana," now -- i can't -- and i've seen it a bunch because it's

they will see things that disney and say i'm never going to disney world. >> harold: greg, finish useg: i will define woke. you see everything through the lens of power whether it's relationships, recreation, entertainment. if you see everything through the lens of oppressor versus oppressed, then you will never actually enjoy yourself. that's why people who are woke are no fun. that's why disneyland stopped being fun because it wasn't about its core principle, its mission statement, which is making people smile. the moment miss universe is about gender politics, it's no longer about its core mission which is beauty. look at victoria's secret, you look at bud light. anyway, you can have two bosses, right? especially when one of the bosses has no metrics for success and that's what di is. two competing tracks. one is for shareholders and customers. the other is for consultants and race hustlers. one grows the company and the other divides it. the people involved in dei which is based on decentering whiteness in the workplace and the symptom of whiteness will be profit-seeking and comp

disney any all together. wow >> i think disney is just such a great partner for make-a-wish. type. if you count going to disney world, going to disneyland, going to aulani. our wish. kids love disney and disney loves helping us grant their wishes and bringing those kids the joy and hope that they need while they're on their trip. >> do you feel like your wish changed your life? yeah. how so? >> from, like having all the fun. >> because i've never had that much fun in my life. once a kid's wish is granted, they oftentimes will want to stay a part of the community. >> we for make-a-wish and the parents might want to give back. jaden and he talked about how he wants to volunteer with make-a-wish when he's older and his mom, gladys, already does. >> i volunteer for make-a-wish, so far i've granted 4 to 5 wishes and i will continue to grant more. >> the wish doesn't just end once your wish is granted. there's lots of ways to stay connected and keep that life changing experience going. and then also give back to other families who might be experiencing something similar. >> what's

how bob iger will manage the slower-growing parts of disney's business.s is the first time that disney will report under its new structure, which for the first time ever breaks out sports, giving new insights into espn. we're looking for an update on streaming and whether that division is still on track for profitability in a year, also for insight into the advertising market. the future of the linear tv business is, of course, a question after disney's battle with charter. and at the theme parks, we'll see if consumer spending is holding up after some price increases. disney shares are down about 8% since bob iger returned to ceo nearly a year ago. they're down about 24% since nelson peltz called off his activist campaign against disney back in february. so this quarter, the company is expected to grow revenue 6%, and earnings by 134%. wells fargo saying, quote, we foresee an action-packed print for disney. we think all reads lead future dtc profit expectations, which is the biggest opportunity while dtc subs are the biggest risks. i'll be talking about

an example of that next month, disney will launch a beta test of an app that combines disney plus its. this comes as streaming losses shrunk and as disney plus added seven million subscribers. that's nearly double forecasts. it's also investing money in its theme parks,

really is the origin story of the wishing star. >> we all know that star of disney. so it's ariana dubose, obviously a gorgeous voice. chris pine. this is a movie for family and kids for superhero movie fans. >> there's aquaman and the lost kingdom, starring jason momoa, runner. runner, runner, runner, runner. and move over taylor swift. there's another performer you may have heard of who will be on the big screen every year in december, beyonce's renaissance is going to be a huge hit. >> the washington post is taking the lead. >> other movies to look out for this holiday season. are the boys in the boat from director george clooney and the iron claw, starring zac efron, reena roy, abc news, new york. >> our thanks to reena. those are all clearly not actually holiday movies, but they are big blockbusters and they're coming out this month. >> they're coming out in december. >> napoleon's not a christmas. i know. >> i know. and neither is maestro with leonard bronstein. >> what are you going to do? >> eddie murphy's candy cane lane, which really actually looks really f

were talking about disney's quarterly earnings, we will preview retail coming up next week. the european markets are mixed take a look at the eurozone fractional blows across the board higher, and asia overnight markets mostly higher in the overnight section with the exception of hong kong, hang seng index negative, debate night in florida with five gop candidates going head-to-head attacking each other on their records, getting personal even though the mainstream media is hosting them. the highlights coming up when i speak with un ambassador nikki haley live at 8:30 a.m. eastern. joining to the conversation strategic wealth partners mark tepper, colonist tiana lowe doescher and cheryl casone. f"mornings with maria" is live right now. ♪. maria: it's time for the hot topic of hour the house oversight subpoena ian hunter biden, james biden biden associate rob walker into the biden family business dealings hunches attorney says is eager to have the opportunity to testify in a public forum. james comer also requesting transcribed interviews through james biden's wife sarah. the

disney has been -- i'm sour on disney. >> you have been sour on disney forever. >> i have. ever since comcast tried to buy them and they said no. and the seven magical creatures. i know. i know. under pressure to just back it up a little, bob, on the w wokeness. please. >> they are redoing all of that. >> i hope so. >> half of the old movies are canceled. >> ayou can't watch them a any more. >> go back to dumbo. there are racist stereotypes there. >> you can whitewash everything, i guess, in history. it doesn't mean it didn't happen. >> no. i've gone back and seen "dumbo" before and thought whoa. the crows scene. >> "seinfeld." if you see that, it should be canceled or suspend psuspended. >>> the lowest rated world series. they wanted phillies and houston. they got texas and arizona. where was arizona last night? evaldi is a great pitcher. this morning, the texas rangers are celebrating and they are champions. winning the first championship in franchise history. defeating the diamondbacks in five games. rangers winning despite being no hit all the way into the seventh innin

i would suggest disney knows this as well.s disney lead a blue-eyed samurai. >> they certainly do and that's one thing bob iger emphasized yesterday. he said he is looking to reinvent the studio. he really emphasized quality over quantity. you spoke about how spectacular it is, that's what disney is going to go after. they talked about the studio having some kind of franchise fatigue. too many series created for the service. they are streaming or cutting down on a lot of the content costs. lisa was talking about where those savings will come from. a lot of that is them just cutting down on content costs. they took those down for fiscal 2023. they are taking that down further to 25 billion and that is where you get that big free cash flow number for them as well. $8 billion is what they are projecting for 2024. tom: it is animation but the basic idea is blue-eyed samurai is as non-diversity as we could get in 2023. is disney moving on from the tone and temperament of the last three or four years. is he going back or new to some

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its own disney+ platform.o new york now and our north america business correspondent michelle fleury. so, here we go. a little bit of consolidation in a really competitive streaming market. this could be the precursor to the consolidation, could it? look, we are seen as _ consolidation, could it? look, we are seen as continuing _ consolidation, could it? look, we are seen as continuing elevation l consolidation, could it? look, we. are seen as continuing elevation to linear television to the world of streaming. disney is working on the strategy for a while, they have been trying to buy at the stake in hulu since 2019, four years later finally they are one step closer. as you say, it is part of this trend we're seeing playing out across the media landscape right now. everyone jostling to figure out how to position themselves. go back a couple of years and hulu a subscription service streaming model that was set up by many companies, not just that was set up by many companies, notjust disney but comcast were at

>> i think that disney has a long-term road to deliver value. that road has one of two fos fo forks. you have asset value that will be realized in some type of breakup. so i think the way they get there is in their hands, they have a valuable business that drives most of the cash flow today. you have an iconic film library and historical ability to create new hits that is very valuable then you have these distribution businesses, disney plus and the tv networks that are in transition if you look through that, you can find value they can either figure it out themselves or be forced to do something else >> the streaming business, at least if you're not netflix. mark, you thought it was a bad idea for disney to sell abc. now you're not sure. what changed your mind >> i think the way you see things rapidly evolving is that you have these franchises. you think of espn. if you think of sports, you immediately think of espn. you think of family entertainment, you think of disney but what do you think when you think of abc so what's kind of happening is

is this a coincidence he is at disney now?assess that whole thing. >> i am sure that was a plus. he is very experienced and has been in the thick of things. >> there has been a lot of turmoil. hopefully it can bring some stability to this. disney has a very unique culture and it has not always been easy for an outsider to come in there and readily adapt. that is the one astrid i would put over it. >> as we think about the successor we have already seen this go about once. you talk about culture. i think you would agree it needs to be somebody with an understanding of their creative side and how hard it is for an outsider to come in. do you think firmly that the successor is inside? >> i would think is it is hazardous to guess, but i would think yes. not since they brought him in all those years ago have they brought in someone -- going all the way back to the tradition that the ceo has to dress up as a themepark character and work in the parks as i have said i did when i was working on my book. that aside, i think it has to be

tim, you like disney, own disney.f from paramount. they also talked about higher content costs, though, and i think disney's, i don't think, going to talk about that. disney's a bit of a cost cutting story if anything. clearly a better quarter for the streamers. netflix up 25% since reporting great numbers, holding it and trading higher tells you they're still the top dog. don't own netflix. own it, sold it, expected get it cheaper. i think we will. disney, the streaming is giving to you for free when you own the company. so i like that. >> move in the past two days for paramount -- we highlighted when we were discussing markets overall, but on the back of roku's report, it gains double digited and then today, where are you on the streamers? >> i think generally speaking the best thing that happened to them was the writer's strike. it allowed them to rationalize and think about what to spend and where the returns are. i do think that disney is pretty channels looking at it now here, because across all their businesses

disney style with appearances by fan favorite artists and more happy holidays, disney's magical holiday celebration sunday on abc starting. >> they are living in a material world and i am a material girl. >> you know that we are here living in a material world and i am a material girl. >> we're just hours after thanksgiving and nothing snaps us back into the material world faster than black friday. >> but in our post-pandemic world, while black friday is not quite the frenzy it used to be, there are still plenty of hot deals to be had. ready, set. shop thankfully, black friday isn't this dramatic anymore, but it is still critical for retailers and bargains abound. >> black friday still is definitely a thing, but it's not just on the day of black friday anymore. so you kind of have to think of black friday as a season or as the entirety of thanksgiving week, although deals started circulating earlier this month, retailers are slashing prices for a slice of your holiday budget. >> the national retail federation expects holiday sales to increase 3 to 4% from last year on par with the pre-p

ready >> is disney safe?think disney -- we didn't even talk about it, you know, happy anniversary to bob iger first year anniversary i think he's done a lot. a lot. >> yeah. i mean, most recently obviously with the strong quarter, there's still the prospect of a proxy fight coming >> absolutely. >> he does not want them on the board. you have value in a way i reported is going to be a shield almost, you know, mason worford standing there saying, if you need me, i can go on the board there's a lot of work to be done. >> yeah, but a lot was done, and people should understand that there is a lot of cash in the balance sheet that they have -- they can do a buyback. they will do a dividend very shortly i think, and i think what's happened is, carl, that you have a company that i thought at one point might not be able to pay for the hulu, and that's ridiculous. it was $8.5 billion, and i think we have to think about this. and it's been added to tonight, eagles and chiefs. the ratings doesn't matter it doesn't matte

i do something disney is exposed to. the big question is always around disney and what is bob iger want to sit on the call? abc, fine hulu, it always something to watch. -- it is always something to watch. caroline: we get to sports tv, stripped out, showing what the numbers really looks like when it comes to espn. how much will he answer questions about what he sells or buys? >> i hope he gets asked a lot. espn is one of the ones that said they are looking for a strategic partner. we have reported that they have talked to everyone. tech companies, sports leads, it is not really clear to a lot of people what disney gets out of the investors to the espn company. one of the takeaways from the numbers is they start pouring on the sports business, although it is profitable, it has really high content costs. nfl rights. that will come into play in this quarter as they reported as well. getting that picture of espn and echoes will be important. ed: you are the editor, it is a busy day for you out in the west coast. thank you v

what does disney mean to you? oh, i mean, i would say disney fights hopelessness with hope.. and i've been committed to that idea since i was a small child, and i guess it never left me. and we are, of course, going to talk much more about disney. but i'd like to just get a sense first of who you are and how you got here. i think you were born on rhode island, in rhode island, and grew up in a single—parent family. your mother worked two jobs to support you and your sister. and as i said at the beginning, you've talked about being bullied. what was it about watching cinderella that helped you cope? oh, i think definitely the part about cinderella that i'm most connected with is...

disney stock jump almost 7% and i think they get too much back. remember disney has nelson peltz.cut. that makes me think that the stock has a right a lot more rude to run. we are looking at $100 by year end. having heard from all four major independent media -- i think disney should be considered the best. if they hit the financial -- and fox comes in second. there is a lot to be said about that and, a lot of advertising. as for paramount global, they both suffer from the same problem and they have really terrible balance sheet sheets. we don't like money loser some bad balance sheets but warner's stock got covered. paramount is in even worse condition. i have -- in and right now, bob is a nice guy and has been around for a while but the business is still struggling. bottom line, it is worth reassessing independent media place. i like disney the most followed by facts and then warner bros. . mad money is up after the break. >>> coming up, pop open your umbrella and t up your toughest questions. we take a look at the lightning round coming up next. you know when you have those mom

disney, disney, you realize disney last week disclosed that its wokeness, it didn't say its wokenessosure, i read that three minutes ago. going woke means you're going broke in many ways but yet corp. america is still very woke. that is a problem for x. they have an owner who is completely unwoke. what do they do? they are now searching the change the business model to rely less on ads. most of their revenues come from these ads. they want less ads from big advertisers. i don't know exactly what they're doing, i've been speaking with them. two areas i know they're looking at. i think you have i spoken in the past, some sort of a payment system that x could be. some sort of way they could use it to buy stuff, kind of like updated version of paypal. they also want to look, deemphasize any reliance on big businesses like disney, much more of an alliance with small business. i will say this go, this is what confounds me about bob iger, he comes out there, he started the whole thing by saying we pulled our ads we didn't think we want to be associated, i'm paraphrasing, what he basically s

did disney just learn a lesson about the phrase go woke and go broke?which seems to acknowledge its controversial political and social agenda is costing the company and shareholders. the document says we face risk relating to misalignment with public and consumer tastes for public and entertainment, travel and consumer products. but disney isn't the only one facing a reckoning check this out from axios. the d e i backlash is here companies are slowing down to reverse its equity and inclusion efforts since the supreme court's affirmative action ruling in june. judge, the legal you sense this from your conversations with people and how do you think in in addition to that the legal ruling may impact how companies behavior? >> judge jeanine: well, first of all i am so glad that disney is suffering the way it's suffering. in march of 2021 they were selling at $201 and $0.91 a share. it's down to 95. that was a self-imposed injury. they jumped on the woke bandwagon and thought they were going to make a fortune. they didn't do it for the right reasons they tho