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iger and mr. perlmutter. >> that is probably one of the most bitter situations not just in entertainment, david, but in busi business, period. >> what did you make of this "journal" piece looking at trian's gains? >> well, i do think that if you spend, say, 25, $30 million, you get $300 million in return, that that's not bad. i think there's just this big dispute about when nelson joins the board, how does a company do versus when nelson has a position in it when trian has a position in it. there's also just this kind of, like, overall -- this is the way -- should we be looking at companies like this? the guest who was talking, again, sonnenfeld, was saying you can't compare the s&p anymore. i think the s&p is a worthy benchmark, but carl, i think that when i look at what happened with nelson, i actually come back and say, there's a lot of that percentage of gain of disney that was because of him, and i don't want to just say, no, they suddenly just woke up and said, we got to get religion. compan
iger and mr. perlmutter. >> that is probably one of the most bitter situations not just in entertainment, david, but in busi business, period. >> what did you make of this "journal" piece looking at trian's gains? >> well, i do think that if you spend, say, 25, $30 million, you get $300 million in return, that that's not bad. i think there's just this big dispute about when nelson joins the board, how does a company do versus when nelson has a position in it when...
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it will be hard to find every placement for iger.s always been a big challenge for disney over its long history. ed: the argument made before his of joe biden can run for your election as president than bob iger can do another 10 years at disney. i wanted to make it simple for the audience. sorry. ross: iger is in great shape. he is mentally and physically fit. he is writing his bike on sunday mornings at 6:00 a.m. like 20 miles. caroline: he has shown he wanted to exit any had to come back. i think ultimately the new board has really been focused on trying to understand where the path of the future is, who are the candidates -- internal candidates and external candidates. disney is a behemoth. it is not just as exposure to digital. it's parks, experiences, cruises, to vacate shows that go to your movie theaters. how can we find someone who can be basically the consolidated leader of a business like this? ross: you brought up one of the challenging issues. running parks and resorts is nothing like running streaming. to find someone w
it will be hard to find every placement for iger.s always been a big challenge for disney over its long history. ed: the argument made before his of joe biden can run for your election as president than bob iger can do another 10 years at disney. i wanted to make it simple for the audience. sorry. ross: iger is in great shape. he is mentally and physically fit. he is writing his bike on sunday mornings at 6:00 a.m. like 20 miles. caroline: he has shown he wanted to exit any had to come back. i...
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bob iger is very capable to do that.you look across entertainment, another one, it won't be a proxy battle but paramount is considering selling the company given that it's a small player in the changing world from linear networks to streaming. paul: ken leon, director at executive research. thank you so much for joining us. get in-depth analysis from the daybreak team broadcasting live right there in our studio in hong kong. plenty more to come. stay with us. stay with us. ♪ ok y'all we got 10 orders coming in... big orders! starting a business is never easy, but starting it 8 months pregnant... that's a different story. i couldn't slow down. we were starting a business from the ground up. people were showing up left and right. and so did our business needs. the chase ink card made it easy. when you go for something big like this, your kids see that. and they believe they can do the same. earn unlimited 1.5% cash back on every purchase with the chase ink business unlimited card. make more of what's yours. paul: well, in
bob iger is very capable to do that.you look across entertainment, another one, it won't be a proxy battle but paramount is considering selling the company given that it's a small player in the changing world from linear networks to streaming. paul: ken leon, director at executive research. thank you so much for joining us. get in-depth analysis from the daybreak team broadcasting live right there in our studio in hong kong. plenty more to come. stay with us. stay with us. ♪ ok y'all we got...
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and they went with iger, even though succession is a board issue, because bob iger is going to be aor player in deciding who his successor is. and maybe he and the disney board are both kind of eyes open about the fact that they haven't done this very well. so this time it's going to be different. there are two new board members in the past year. it does seem like the board is really focused on getting succession right. to me, the idea that just pick bob iger and let him stick around, that doesn't jive with what disney has said publicly up to this point. >> let's talk more about what's different this time around. last time, bob iger had a hand in mentoring and training bob chapak. it didn't work out. but chapak took over in the middle of the pandemic, when we were getting the business off the ground. do you think if he's looking to mentor and train someone internally, the set of problems they're facing aside from succession, profitability in that d-to-c business. to you think that makes the chances of a successor succeeding even better? is it going to be different? >> no doubt. beca
and they went with iger, even though succession is a board issue, because bob iger is going to be aor player in deciding who his successor is. and maybe he and the disney board are both kind of eyes open about the fact that they haven't done this very well. so this time it's going to be different. there are two new board members in the past year. it does seem like the board is really focused on getting succession right. to me, the idea that just pick bob iger and let him stick around, that...
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iger took 90% of the votes.nvestors rejected of the nominees to the board with former cfo jay rasulo losing by the margin of 5 to 1. peltz cited sustained share price underperformance and the efforts as reasons behind the battle. disney has spent an estimated $40 million spinning off peltz securing the backing of the two largest shareholders, vanguard and blackrock. iger said the firm is eager to focus on the priorities. iger has said he will step down from the top job at the end of 2026 leaving disney over two and a half years to find a successor. the firm has to deal with the movie division with the superhero titles with iger delaying the release of some titles through the next decade. video games are in focus after disney announced a $1.5 billion investment in epic games in february. investor attention is focused on disney plus which iger says should turn a profit for the first time this fiscal year after notching $11 billion in losses so far. we'll hear from the man himself in the exclusive interview coming
iger took 90% of the votes.nvestors rejected of the nominees to the board with former cfo jay rasulo losing by the margin of 5 to 1. peltz cited sustained share price underperformance and the efforts as reasons behind the battle. disney has spent an estimated $40 million spinning off peltz securing the backing of the two largest shareholders, vanguard and blackrock. iger said the firm is eager to focus on the priorities. iger has said he will step down from the top job at the end of 2026...
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bob iger has the chops. he has done this before. >> we'll see. >> reason why the stock dropped or not moved higher is in nelson was there, there would be short-term moves. >> i don't know if that is great for long term. >> a long-term bet on bob iger and disney. you won't get a short-term pop. that is to be expected. >> as much as we knew about it, we knew it would not work for nelson. it is weird when it was official. how many days have we been saying it? >> i think people play along with this very bizarre -- >> activist. >> -- bizarre narrative or charade. >> buyback? you raised the dividend. >> you are saying if nelson peltz was there? that is part of the problem. i don't think people knew it. anything that is quick may have hurt it long term. >> i don't know if that popped the stock. >> james gorman said it. a lot of what peltz was looking at is stuff they have already done. >>> let's talk about apple. reportedly looking at developing home robots after abandoning the electric vehicle ambitions. according
bob iger has the chops. he has done this before. >> we'll see. >> reason why the stock dropped or not moved higher is in nelson was there, there would be short-term moves. >> i don't know if that is great for long term. >> a long-term bet on bob iger and disney. you won't get a short-term pop. that is to be expected. >> as much as we knew about it, we knew it would not work for nelson. it is weird when it was official. how many days have we been saying it? >>...
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again, iger gets 94%, and there's the important one.tz was challenging for that particular seat, saying vote the first ten, and then vote me and jay rasullo. he didn't win. shes go 63%, 31% for peltz. and retail, we talked about because they comprise a fairly substantial number of the overall shares. but they didn't show up that much. 7% of the total vote was restale share holders. of those that voted, as many as 75% went with management or with all the disney directors. so a significant victory for disney. >> it sounds like a landslide, david. 94% of votes in favor of iger. did we expect it to be that big of a gap? >> it wasn't like peltz was challenging iger saying it's him or me. so the votes he didn't get were withheld, but that's a significant number saying yes, hello. we're happy with your performance. i think, you know, the key one is the lady at the bottom there, goes by mel. the fact that she more than doubled peltz's number, at least in these numbers that i'm getting right now. so, again, that -- you know, it's over. over and
again, iger gets 94%, and there's the important one.tz was challenging for that particular seat, saying vote the first ten, and then vote me and jay rasullo. he didn't win. shes go 63%, 31% for peltz. and retail, we talked about because they comprise a fairly substantial number of the overall shares. but they didn't show up that much. 7% of the total vote was restale share holders. of those that voted, as many as 75% went with management or with all the disney directors. so a significant...
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if bob iger wins, what changes. >> it looks like iger will be the winner but this isn't iger or disney is about individual investors ruffling feathers when it comes to corporate governance and control of assets and stocks, democracy is failing us for multiple angles, the little guys from a political standpoint, if you with deep pockets get what they want from political elections and very few with deep pockets do what they want as well. this is known as passive investments that are destroying democracy and the stock market. they are using our money to make corporate decisions for us. if you are an activist investor or shareholder company you need to get what you want. once they announce they sided with iger, this ends up costing money. activist investors are projected to spend $40 million to sway votes their favorite. these costs get passed on to the consumer, the little guy. it's good these corporate battles for the long-term, the question, is the pendulum going to swing from one side to the other? ashley: nelson peltz has solid points. the return from disney has been poor, box office
if bob iger wins, what changes. >> it looks like iger will be the winner but this isn't iger or disney is about individual investors ruffling feathers when it comes to corporate governance and control of assets and stocks, democracy is failing us for multiple angles, the little guys from a political standpoint, if you with deep pockets get what they want from political elections and very few with deep pockets do what they want as well. this is known as passive investments that are...
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bob iger, ceo of disney bat battling.wo seats on the board, disney want to keep current plight of them. the plan in the united states, california public employees retirement system says it's going to vote in favor of nelson felt and jake to join disney's board. the new york city system says it's on team disney. new york city controller brad lander is here first on foxbusiness to tell us why you voted in favor of iger, keuka 2.61 million shares of disney stock which is a big chunk, why are you team iger? >> it's great to be with you. 2.61 million shares are to $90 million, the retirement security of new york city's teachers and cops and firefighters and we are long-term investors. our shares performed well at disney over the long-term of bob iger's readership during the first tenure, 579% and even since his return from the share price has been better than its competitors we are cautiously optimistic about strategic transformation he's proposing and we just don't believe nelson peltz's philosophy is aligned with our long-te
bob iger, ceo of disney bat battling.wo seats on the board, disney want to keep current plight of them. the plan in the united states, california public employees retirement system says it's going to vote in favor of nelson felt and jake to join disney's board. the new york city system says it's on team disney. new york city controller brad lander is here first on foxbusiness to tell us why you voted in favor of iger, keuka 2.61 million shares of disney stock which is a big chunk, why are you...
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ceo bob iger has ducked the mousetrap nelson peltz had set. but hedge fund manager bill ackman firing up accusations that disney or its advisers or somebody close to the company leaked the tick by tick vote count possibly tilting sentiment in its favor. as the stock slips now 2.6%, we're getting close to session lows here, we are all over the story expect drawn. coming up, wall street report robbie whalen live in l.a., we'll ask him what he sees as the most significant moments of this fight and whether peltz throws in the towel or continues the war, and ken leone will join us on whether he says iger and disney still need to work harder e. >>> to the markets. this is kind of interesting, okay? after two days of losses and federal reserve chair jay powell this morning playing the stern principal at the market school of interest rate cut hopes, we are looking right now at pretty much, you know, a decent market here except for the dow which just turned negative, down about 17 points. it was there earliering but we do have a session high that was t
ceo bob iger has ducked the mousetrap nelson peltz had set. but hedge fund manager bill ackman firing up accusations that disney or its advisers or somebody close to the company leaked the tick by tick vote count possibly tilting sentiment in its favor. as the stock slips now 2.6%, we're getting close to session lows here, we are all over the story expect drawn. coming up, wall street report robbie whalen live in l.a., we'll ask him what he sees as the most significant moments of this fight and...
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calpers voted for iger to be on the board. >> the saga continues.ll be talking more about disney and that proxy battle later on. silvana, thank you. >>> we have more to come here on "worldwide exchange," including the one word that investors need to know today. >>> first, the playbook for the second quarter. victoria greene has the stock that she is bullish on. >>> oil coming off the third trade month of gains as prices tick higher. what options does the white house have to combat $4 a gallon gas during the summer season? of> and shein is looking to pull prits as it goes public. we have a very busy hour as "worldwide exchange" returns. stay with us. in 1935, ge powered the first night game. and changed the way we see the game, forever. now, we're changing the way we see the future. taking innovation to the skies. with better, faster, more sustainable technology that lifts people up and brings them home safely. electrifying and decarbonizing the planet. helping to make tomorrow brighter—for everyone. bottom of the 8th, we're all knotted up. swing and
calpers voted for iger to be on the board. >> the saga continues.ll be talking more about disney and that proxy battle later on. silvana, thank you. >>> we have more to come here on "worldwide exchange," including the one word that investors need to know today. >>> first, the playbook for the second quarter. victoria greene has the stock that she is bullish on. >>> oil coming off the third trade month of gains as prices tick higher. what options does...
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i think iger is very much happy to be moving on.ot just sec session, but as you two well know, the direct-to-consumer business, which is really the crucial component here. >> you talked about netflix being the gold standard here. i wonder how much time does bob iger have? what does he need to do? does he need to show better profitability? >> listen, this last quarter that helped the price enormously, they showed losses well below what was anticipated. this is disney plus we're talking about here, and whether it would be profitable prior to the end of the year. it clearly will be the number two. i sensed from iger in this conversation, certainly in contrast from the one in sun valerie last summer, a real optimism on his part. there's a line in sight, it would seem, in terms of profitability. he believes it will be a growth business, with double-digit margins over time and perhaps will even compete with the likes of netflix. that being said, i think it's an interesting component to our conversation, what about the others? what about t
i think iger is very much happy to be moving on.ot just sec session, but as you two well know, the direct-to-consumer business, which is really the crucial component here. >> you talked about netflix being the gold standard here. i wonder how much time does bob iger have? what does he need to do? does he need to show better profitability? >> listen, this last quarter that helped the price enormously, they showed losses well below what was anticipated. this is disney plus we're...
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bob iger has expressed -- succession. who will succeed bob iger.ow they achieved profitability when it comes to streaming and achieved netflix like profitability. that has also come up. those are things investors will watch. ed: bob iger promised profitability by the end of 2024 come in if you have a proxy battle, you are often in the media where you say i am doing this and everything is great, the pressure is also on bob iger because one of his adversaries -- elon musk -- is still talking about this on social media and it is an interesting dynamic. crystal: elon is someone nelson peltz has called a personal friend and he thinks very highly of elon musk. elon musk tweeted he thinks nelson peltz should be on the disney board. he tweeted it after the retail voting deadline was closed. i do not think it achieved very much when it comes to votes for nelson peltz. elon musk is interested in this situation. whether he will go against bob iger, we did not see that. definitely an interesting dynamic with all of the high-profile billionaires. ed: it is inte
bob iger has expressed -- succession. who will succeed bob iger.ow they achieved profitability when it comes to streaming and achieved netflix like profitability. that has also come up. those are things investors will watch. ed: bob iger promised profitability by the end of 2024 come in if you have a proxy battle, you are often in the media where you say i am doing this and everything is great, the pressure is also on bob iger because one of his adversaries -- elon musk -- is still talking...
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bob iger are poised to win the proxy battle.ard and blackrock, disney's largest investors are siding with the board. and while the battle might be nearing to a close, this could have a major impact of markets. a proxy battle in the magic kingdom does not go unnoticed. disney's weight is over 2%. and nelson's proxy stock could move the dough. and joining us with the fallout is bloomberg's ed ludlow. is it in the bag right now for disney and what comes next? >> it's hard to say it's in the bag. good morning. wow, that's a new one. vanguard and blockbuster are in the bag. the institutionals has sided with bob iger but there is an unknown, a wild card which is the largest body or single entity is a group of frankly retail investors that make up 30% of the shareholder base and retail investors historically side with the activists that's bringing the proxy battle. at least 60% of the vote was counted and you factor in as well, the shareholder can change their vote at any time. as reported with george lucas backing iger, the force is s
bob iger are poised to win the proxy battle.ard and blackrock, disney's largest investors are siding with the board. and while the battle might be nearing to a close, this could have a major impact of markets. a proxy battle in the magic kingdom does not go unnoticed. disney's weight is over 2%. and nelson's proxy stock could move the dough. and joining us with the fallout is bloomberg's ed ludlow. is it in the bag right now for disney and what comes next? >> it's hard to say it's in the...
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what does it mean for iger? look, iger has said he's leaving as ceo at the end of 2026. some people believe him, some don't. at this point, you know, if peltz gets nominated to the board, i suppose you could say investors have said, look, enough is enough now. we need to get serious about this. we need to pick a real successor. you need to leave, and we're going to turn it over now to not necessarily someone else, because nelson peltz is just one person, and even if jay rasulo gets voted on to the board also, that's just two people on the board. i think it would be a sign that would say a lack of confidence, a no-confidence vote in the disney board, at least when it comes to that. i think it's a weaker argument for peltz to say, i know the direction that disney should go in more than bob iger. and look, even nelson peltz says, i still want bob iger to be the ceo of this company. even he is not making that argument. but at least when it comes to succession, i think it would have a vote where you would have to say, look, bob, we've given you a chance here. we need someone
what does it mean for iger? look, iger has said he's leaving as ceo at the end of 2026. some people believe him, some don't. at this point, you know, if peltz gets nominated to the board, i suppose you could say investors have said, look, enough is enough now. we need to get serious about this. we need to pick a real successor. you need to leave, and we're going to turn it over now to not necessarily someone else, because nelson peltz is just one person, and even if jay rasulo gets voted on to...
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iger is a genuine wizard in value creation. >> here's the piece that i don't understand. if you are right and i'm not disputing, you may very well be right about all of this, the question therefore is how is it possible that an iss -- i know you've called them mistaken -- how is it an iss, how is it a calpers, some of the articles we have read and other things have taken a very nelson peltz supportive position. >> well, there is such a -- >> what do you think is going on there? if it's as obvious as you say it is, to me it's almost obvious. i sort of think it's inexplicable what's happening here. how do you rationalize it? >> sometimes propaganda confuses people. you get somebody with a great deal of bluster. nelson peltz failed 15 out of 22 of his investments where he's been on the board have dramatically underperformed the s&p, he has no success as a fina financier. his experience is in industrial and consumer goods where he's been failing. the only thing entertaining is when he does these filibusters on tv shows and that con
iger is a genuine wizard in value creation. >> here's the piece that i don't understand. if you are right and i'm not disputing, you may very well be right about all of this, the question therefore is how is it possible that an iss -- i know you've called them mistaken -- how is it an iss, how is it a calpers, some of the articles we have read and other things have taken a very nelson peltz supportive position. >> well, there is such a -- >> what do you think is going on...
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bob iger has made the shareholder friendly changes.ng that with nelson peltz looking over his shoulder. do you want to keep that arrangement going? ed: i go back to the thesis i outlined in the column today, which is what does nelson peltz do next if he is put on the board? bob iger has done a lot in recent time. they are teaming up with warner bros. and fox on the sports side. the tensions with florida have gone away. how has that down with the investor base? felix: it has gone well. there is not a lot of difference with what bob iger's strategy is and what peltz says his strategy is. the one thing i think that is still open is the issue of succession. what is going to happen post-bob iger. do you trust the board to get it right. last time around, the board did not do much due diligence to keep the succession plans on track. ed: if president biden can run again for reelection, why can't i do another 10 years at disney? felix, great to have you in the studio. coming up, we will be joined by david jones, founder and ceo of brenntag abou
bob iger has made the shareholder friendly changes.ng that with nelson peltz looking over his shoulder. do you want to keep that arrangement going? ed: i go back to the thesis i outlined in the column today, which is what does nelson peltz do next if he is put on the board? bob iger has done a lot in recent time. they are teaming up with warner bros. and fox on the sports side. the tensions with florida have gone away. how has that down with the investor base? felix: it has gone well. there is...
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so from that perspective, bob iger is the best place to understand what that landscape looks like.e's led on this journey of the traditional setup. they've also made some very smart acquisitions with ip, a bank of marvel studios, lucasfilms, et cetera. so if you had to ask me bluntly, i would say bob iger is the right person, but the pressure from nelson peltz is a healthy way to keep bob iger focused on what the key objectives are for disney going forward. >> and iger has extended his contract until 2026 and i think is noncommittal about what happen as after that. that's the biggest question. as we know, investors hate uncertainty. what would you like to see, and what would shareholders like to see with rahrd to succession planning? >>. >> succession planning is always a complex business, particularly challenging in the context of bob iger. and, of course, we've been through this process once before with chapak. it didn't work out. he was less familiar with where the future growth opportunities are for disney. now the investors will be looking for someone who can straddle both wor
so from that perspective, bob iger is the best place to understand what that landscape looks like.e's led on this journey of the traditional setup. they've also made some very smart acquisitions with ip, a bank of marvel studios, lucasfilms, et cetera. so if you had to ask me bluntly, i would say bob iger is the right person, but the pressure from nelson peltz is a healthy way to keep bob iger focused on what the key objectives are for disney going forward. >> and iger has extended his...
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big week for bob iger. >> there's no doubt iger has the magic touch and has done a great job with disney. including finding a successor to bob iger which was highlighted in the proposal. still something they need to deal with. disney has an unrivaled stable of brands and they've got the parks business which is doing great and continues to do great. i don't know what they do with espn. and the stock obviously has had a huge run in the backdrop of this fight and it's not cheap here. >> let's talk about some of the proposals and what might still get fluctuated because it didn't garners much support as it did amongst investors. the idea of distributing more of the potential cash flow to shareholders spinning off espn or doing something. what of those you think is most likely to go through. >> i think all of those are under consideration at all times. among the other things as folks continue to focus on the parks and reinvest in the parks comcast owns the universal parks is done for a great extent. i think that's can i happen. as far as there has been a reinvigoration of the content investmen
big week for bob iger. >> there's no doubt iger has the magic touch and has done a great job with disney. including finding a successor to bob iger which was highlighted in the proposal. still something they need to deal with. disney has an unrivaled stable of brands and they've got the parks business which is doing great and continues to do great. i don't know what they do with espn. and the stock obviously has had a huge run in the backdrop of this fight and it's not cheap here....
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. >>> and curtain call for the disney board battle as bob iger and company reportedly move closer totory over activist nelson peltz. it's wednesday, april 3rd. you're watching "worldwide exchange" right here on cnbc. ♪ >>> welcome back to "worldwide exchange." i'm dominic chu in for frank holland this morning. will it ooh is pick up the half hour with a check of u.s. equity futures which are on the offer but not by that much. the dow is implied lower by just about 25 points, the s&p 500 down by 7 points and the nasdaq down by 49 or 50 points. the nasdaq posted its second loss in the last three sessions. the dow leading declines for the week so far, down by just over 1.5% overall. so let's dig further into the market action right now. if you take a look at some of the sectors that have been a key focus for investors in the first part of this year, it has been communications services, energy, and technology. those three sectors, by the way, the three top performers in the s&p 500 on that year-to-date basis. meanwhile the growth versus value debate also still playing out. early on this
. >>> and curtain call for the disney board battle as bob iger and company reportedly move closer totory over activist nelson peltz. it's wednesday, april 3rd. you're watching "worldwide exchange" right here on cnbc. ♪ >>> welcome back to "worldwide exchange." i'm dominic chu in for frank holland this morning. will it ooh is pick up the half hour with a check of u.s. equity futures which are on the offer but not by that much. the dow is implied lower by...
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bob iger has pushed back his retirement five times.when he did, he handed over to bob chapek and had to come back two years later. that was the argument. in terms of the future of disney, there is a lot that effectively pointed out to investors, but it is unclear him okay the board would have facilitated the answers to the questions. that is what bob iger has in front of him. what is espn's digital strategy? how do you roll that out correctly? how do you chart hits at the box office? disney has been through a multiyear flub. how do you get streaming to profitability? these are all questions for disney beyond the succession question. that is what is going to happen now. >> you laid out some of the three or four points that you think will be on the agenda. streaming, profitability, succession plan, getting hits back into the movie theaters. i wonder now given what you saw with the shareholder vote and what you saw with the dynamic with nelson peltz and the other activists and investors involved with this, how much do you think shareholde
bob iger has pushed back his retirement five times.when he did, he handed over to bob chapek and had to come back two years later. that was the argument. in terms of the future of disney, there is a lot that effectively pointed out to investors, but it is unclear him okay the board would have facilitated the answers to the questions. that is what bob iger has in front of him. what is espn's digital strategy? how do you roll that out correctly? how do you chart hits at the box office? disney has...
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Apr 3, 2024
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iger. >> is it right here or out there? >> it's out there. it's out there. i will be going out there, hoping that the high winds that are blanketing the area won't prevent my travel to see mr. iger. and by the way, just to make a point here, this is not saying anything one way or the other about the vote. he's going to do the interview either way. >> huh. okay. >> okay? is that okay with you? >> well, i'd be more inclined to do the interview if i won. >> i think that's his expectation and/or disney's as i've been saying all along, at least. they have had a lot of confidence they will win. but you wanted to make it clear that it is not -- >> do you share that confidence? i do. >> the reporting i have been able to do i understand that they're going to most likely win. i was saying this yesterday on scott's show on "halftime," and it continues to be what i am hearing. that they are going to win. where will they end up percentage-wise? it's clearly above 50%. will it be high 50s? could they get
iger. >> is it right here or out there? >> it's out there. it's out there. i will be going out there, hoping that the high winds that are blanketing the area won't prevent my travel to see mr. iger. and by the way, just to make a point here, this is not saying anything one way or the other about the vote. he's going to do the interview either way. >> huh. okay. >> okay? is that okay with you? >> well, i'd be more inclined to do the interview if i won. >> i...
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maria: i think kelly one big issue for nelson peltz the way they kept pushing bob iger in new contractsack in 2013 he was to be gone 2014 here he is. maria: what do you make of it. adam: i am long disney maria i support bob iger i am glad nelson peltz stirred the pot that is good exposed fault lines actually been it has been positive. maria: skra elon musk is everything into the nelson peltz writes he should definitely be on the board musk said would buy shares if nelson were elected o to the border track record excellent. >> it is when you get an activist investor in the company generally speaking not justice they want to make money they have ideas they think will make company money as shareholder you want to see. >> you are watchingmi with maria" liveti business. stay with us. . . ng a business is never easy, but starting it 8 months pregnant... that's a different story. i couldn't slow down. we were starting a business from the ground up. people were showing up left and right. and so did our business needs. the chase ink card made it easy. when you go for something big like this, you
maria: i think kelly one big issue for nelson peltz the way they kept pushing bob iger in new contractsack in 2013 he was to be gone 2014 here he is. maria: what do you make of it. adam: i am long disney maria i support bob iger i am glad nelson peltz stirred the pot that is good exposed fault lines actually been it has been positive. maria: skra elon musk is everything into the nelson peltz writes he should definitely be on the board musk said would buy shares if nelson were elected o to the...
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Apr 3, 2024
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how is this likely to play out for bob iger?y secured a large chunk of institutional big shareholder support, but 40% of the company stake is held by small shareholders. we will find out in a couple of hours' time what the results are. thank you very much. this is the world business report. the head of the un 5 intellectual property agency says there's no appetite for global regulations governing artificial intelligence or ai — not yet at least. new figures show ai is behind a growing number of patent applications received by the world intellectual property organisation — or wipo — but the overall number of applications fell last year for the first time in ia years. so are difficulties in the global economy getting in the way of innovation? our reporterjonathanjosephs spoke to wipo's director—general, daren tang. i think what we are seeing, there has been a difficult situation economically. interest rates have gone up, money supply has dried up and as a result venture capital flow has reduced considerably. this means that it may
how is this likely to play out for bob iger?y secured a large chunk of institutional big shareholder support, but 40% of the company stake is held by small shareholders. we will find out in a couple of hours' time what the results are. thank you very much. this is the world business report. the head of the un 5 intellectual property agency says there's no appetite for global regulations governing artificial intelligence or ai — not yet at least. new figures show ai is behind a growing number...
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Apr 1, 2024
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know what bob iger was doing yesterday?ilms and giving notes on a film coming out in a couple months. he has killed two animated films that he did not think were going to be great. it takes courage to do that once you start the process and say to pull back the films. so he's reinvigorating the slate. he made changes to bring mu wanna and has mandalorian he's excited about as well as the creative team for 2026. part of the strategy was to turn the noise down and we are pleased we came to a resolution in florida. i think it's important we get back to what we do well in florida which is entertain millions of guests and invest in creating jobs for the economy. >> yeah. have you been lately, you to to the parks -- >> twice since i was on. i did not know you were going to ask me that question, and you probably don't have current pictures but i've been twice. >> i hosted a reunion. >> over 52 now. >> to disney world. >> that's crazy. >> one day you will ride jungle cruise as much as i did. >> quickly, carolyn, because you're on th
know what bob iger was doing yesterday?ilms and giving notes on a film coming out in a couple months. he has killed two animated films that he did not think were going to be great. it takes courage to do that once you start the process and say to pull back the films. so he's reinvigorating the slate. he made changes to bring mu wanna and has mandalorian he's excited about as well as the creative team for 2026. part of the strategy was to turn the noise down and we are pleased we came to a...
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backing iger was a lot of people. dimon, george -- jamie dimon, george lucas, right? disney lost its way under the former ceo, bob chapek. it got very woke, programming went down, so bob iring was brought back in in -- iger was brought back in. disney is the top performing dow stock, it's up 36% this year. it's up a little bit today at 123 on the, a few hours before the shareholder vote. stuart: so he won, that's what pelts wanted, get the stock price up. lauren: yes, so in a a way he did win without get the seats. stuart: alibaba and various other companies. lauren: yeah. it's actually their second biggest buyback ever, $4.8 billion in shares for the march quarter. stuart: why are hay down? lawyer lawyer yeah. i'm not sure exactly. maybe the earthquake spooking the region. actually, alibaba's down 77% from its covid high. you have the regulatory crackdown by china on technology, you have foreign investors afraid to put their money in china because they don't like how it's treated, so that's why heir down. stuart: ali
backing iger was a lot of people. dimon, george -- jamie dimon, george lucas, right? disney lost its way under the former ceo, bob chapek. it got very woke, programming went down, so bob iring was brought back in in -- iger was brought back in. disney is the top performing dow stock, it's up 36% this year. it's up a little bit today at 123 on the, a few hours before the shareholder vote. stuart: so he won, that's what pelts wanted, get the stock price up. lauren: yes, so in a a way he did win...
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disney's ceo bob iger speaking after disney won the proxy fight. he discussed what the company's priorities are now. >> now, what we have to do is turn not just into a profitable business, into a growth business. a business that has margins that this company and our shareholders -- >> double digit. >> eventually, yes, of course. the way to do that is actually very, very clear to us. it's very, very clear that we need more engagement in terms of consumers spending time on the platform. >> but despite his loss yesterday, peltz said he is not backing away of advocating for change at the media and entertainment giant. >> i hope bob can keep his promises. i hope they can do all the things they assured us they were going to do. and we'll only watch and wait. if they do it, they won't hear from me again. if they don't -- jim, you may be seeing me on your show next year doing this same thing again. >> so, can disney succeed in its execution plans? i mean, he -- at least right now, hopes so. he's got a $3.5 billion stake at last filing. >> well -- yes. and
disney's ceo bob iger speaking after disney won the proxy fight. he discussed what the company's priorities are now. >> now, what we have to do is turn not just into a profitable business, into a growth business. a business that has margins that this company and our shareholders -- >> double digit. >> eventually, yes, of course. the way to do that is actually very, very clear to us. it's very, very clear that we need more engagement in terms of consumers spending time on the...
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Apr 2, 2024
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i'll go do something in the real world. >> magic and -- >> i love iger, bob iger is going to go down,tter -- >> one of the greatest ceos. >> when you think of the asset that he bought, the lucas, the pixar, the marvel. what they've been able to create in and around that, and think about how difficult the streaming last ten years have been -- >> for everybody. >> for everybody, and what it might look like for the next 10 to 12, whatever it is, and it will be on those assets they bought. >> up next, final trades. billy's not just running a small goat grazing business he's also the chief marketing officer. and when he needs to round up some new customers constant contact makes it easy. helping him craft the perfect message like a marketing genius so his email stands out. constant contact delivers all the tools you need to help your business grow. if billy can do it so can you. get started today at constantcontact.com. helping the small stand tall. welcome to ameriprise. i'm sam morrison. my brother max recommended you. so, my best friend sophie says you've been a huge help. at ameriprise
i'll go do something in the real world. >> magic and -- >> i love iger, bob iger is going to go down,tter -- >> one of the greatest ceos. >> when you think of the asset that he bought, the lucas, the pixar, the marvel. what they've been able to create in and around that, and think about how difficult the streaming last ten years have been -- >> for everybody. >> for everybody, and what it might look like for the next 10 to 12, whatever it is, and it will be...
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Apr 2, 2024
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the final chapter of bob iger versus nelson peltz, l street journal reporting disney is leading in the product -- proxy battle. we will bring you the latest on the showdown in the house of mouse. i'm katie greifeld in new york, welcome to bloomberg markets. there is a lot of red on the screen behind me. you can see the s&p 500 off by 1%. it does not help tesla absolutely dropping like a stone this morning which we will get to. even worse if you look at the nasdaq 100. your big tech benchmark off by 1.4%. all the while you have a selloff in the bond market as well. you can see the 10 year treasury up eight basis points. we are just about at 440, the highest level of 2024. we have some breaking employment data in the form of jolt. mike mckee is here to break it down. michael: if you want support for the idea the fed will be on hold longer. this is february data. the number of job openings actually rose in february according to the bls in part because the number in january was revised down so what we end up with is 8 million, 756,000 job openings in february compared with 8,748,000 in jan
the final chapter of bob iger versus nelson peltz, l street journal reporting disney is leading in the product -- proxy battle. we will bring you the latest on the showdown in the house of mouse. i'm katie greifeld in new york, welcome to bloomberg markets. there is a lot of red on the screen behind me. you can see the s&p 500 off by 1%. it does not help tesla absolutely dropping like a stone this morning which we will get to. even worse if you look at the nasdaq 100. your big tech...
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lauren: bob iger.ournal" is reporting more than half the votes have been castedded and activist, nelson peltz, if may not get the two the board seats that they're looking for. the annual shareholder meeting is tomorrow, so, look, this could all change because with you can change your vote day of, and it's entirely possible that we don't have an answer a tomorrow and and it's like a hanging chad moment and they have to recount the votes. but "the wall street journal" is reporting so far iger has been able to stave off melson pelts' proxy fight. he's got institutional support, blackrock, what is that,s second biggest shareholder? also 26789 roe price. stuart: if bob iger wins and peltz loses, does walt disney's stock go up? >> no, absolutely not p. i've been watching nelson peltz since the '80s. don't bet against him. he may not win this vote tomorrow, but he's playing the long game. disney' stock has gotten crushed through a good market over the last two days. pellson pelts knows what he's doing -- nels
lauren: bob iger.ournal" is reporting more than half the votes have been castedded and activist, nelson peltz, if may not get the two the board seats that they're looking for. the annual shareholder meeting is tomorrow, so, look, this could all change because with you can change your vote day of, and it's entirely possible that we don't have an answer a tomorrow and and it's like a hanging chad moment and they have to recount the votes. but "the wall street journal" is reporting...
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Apr 4, 2024
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the headaches aren't over bob iger.he company is now facing questions on who will be the next ceo. they are also dealing with reviving a struggling movie business and turning a profit in disney's streaming division despite all that, the stock for disney is still up over 31% year to date. at least right now, we can call this a victory for bob iger. caroline: and for peltz as he gets the benefit of that rally. move us onto where we saw anxiety yesterday. we had a devastating human tragedy in taiwan that impacted the chip stocks but today, there seems to be a relief rally. >> i'm looking at the adr for tsmc which is the leader of advanced chips and that company says it's restarting operations less than 24 hours after that earthquake hit taiwan, one of the worst earthquakes in over 25 years. that stock is now up over 2%. i'm also watching that because traders should be looking out for any headlines but jenna and -- that janet yellen makes about the semiconductor industry enter visit to china. that's the second one and nine
the headaches aren't over bob iger.he company is now facing questions on who will be the next ceo. they are also dealing with reviving a struggling movie business and turning a profit in disney's streaming division despite all that, the stock for disney is still up over 31% year to date. at least right now, we can call this a victory for bob iger. caroline: and for peltz as he gets the benefit of that rally. move us onto where we saw anxiety yesterday. we had a devastating human tragedy in...
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Apr 5, 2024
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i think people felt that, you know what, iger means business, and iger actually has a plan, and he's- and therefore, peltz would be wrong to dump. but i think pettus stays. i think ike stays. ike perlmutter. the stock was doing well, and it was just a selloff that took everything down. >> right. jim mentions the discussions about how ego played a role in the proxy fight in his chat with nelson peltz yesterday. take a listen. >> the ego in the room didn't allow for it. and you have seen that over and over again, as i have. and once people get ego in check, good things happen, and i want to tell you, david taylor at png, who they fought me tooth and nail, david taylor never allowed his ego to get the best of him, and he and i wound up to be great friends. the company did phenomenally well. it went from the 70s to $160 while i was there, and while he was ceo. so, let me tell you, the ego is the issue. >> at this point, are you looking to see, in june, how password-sharing develops? can they recreate some of what netflix has done already? >> we told people to sell. we sold some. travel t
i think people felt that, you know what, iger means business, and iger actually has a plan, and he's- and therefore, peltz would be wrong to dump. but i think pettus stays. i think ike stays. ike perlmutter. the stock was doing well, and it was just a selloff that took everything down. >> right. jim mentions the discussions about how ego played a role in the proxy fight in his chat with nelson peltz yesterday. take a listen. >> the ego in the room didn't allow for it. and you have...
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take us through what happened and how iger won. >> bob iger winning against nelson peltz, an activistersonal animus in all of this. the truth is nelson peltz, despite all of the handwringing and headlines, really never made a stand here in terms of how much the disney shareholders decided to back bob iger across the way. retail investors, the institutional investors and big folks involved in disney for so long, including people on the other side of bob iger, abigail disney ultimately came out in support of bob iger and george lucas and others. the big question is, even though activist investors have gone away, depending on where the stock is a year from now, if it doesn't move materially higher, he may be back all over again. >> great challenges for disney, great challenges for all the media companies right now. talk about this proxy fight and why iger won and what the future looks like. >> andrew and i have discussed the streaming wars ad nauseam on cnbc. it's great to be able to discuss them here. a lot of what was at stake is whether iger had handled the transition from the traditi
take us through what happened and how iger won. >> bob iger winning against nelson peltz, an activistersonal animus in all of this. the truth is nelson peltz, despite all of the handwringing and headlines, really never made a stand here in terms of how much the disney shareholders decided to back bob iger across the way. retail investors, the institutional investors and big folks involved in disney for so long, including people on the other side of bob iger, abigail disney ultimately came...
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investors have voted to elect all company-backed board members, including ceo bob iger, who returned as ceo to lead the company amid a changing media landscape. the results of the vote were made public at disney's meeting of shareholders today. disney saying the current board, according to preliminary vote tabulations, were elected by a substantial margin. tonight, disney ceo bob iger saying, "i want to thank our shareholders for their trust in our board and management. with the distracting proxy contest behind us, we're eager to focus 100% on our most important priorities. growth for shareholders and creative excellence for our consumers." >>> when we come back here tonight, the kansas city chiefs star now apologizing this evening after those cars, one a lamborghini, speeding through dallas, hitting several vehicles, including one with a mother and her 4-year-old. >>> also, getting ready for the solar eclipse across america. tonight, the one thing you'll need for this, made in america. made my life a lot harder. but the picture started changing when i started on vyvgart. ♪ vyvgart i
investors have voted to elect all company-backed board members, including ceo bob iger, who returned as ceo to lead the company amid a changing media landscape. the results of the vote were made public at disney's meeting of shareholders today. disney saying the current board, according to preliminary vote tabulations, were elected by a substantial margin. tonight, disney ceo bob iger saying, "i want to thank our shareholders for their trust in our board and management. with the...
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Apr 3, 2024
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don't miss david faber's exclusive sitdown with disney ceo bob iger tomorrow at 9:00 a.m. eastern on "squawk on the street. "won't want to miss that. speaking of well-known investors and activists and big names in general, several are here at sohn presenting today, their best ideas for a great cause. our leslie picker joins us now, what we've already heard and what's coming up. we're together. it's a big, fun day for us to cover what is happening here. >> it is. >> what have we learned so far? >> we just concluded the next wave sohn speakers. i was listening to the presentations and trying to draw a thread but they span sectors. they span geographies, they span market cap size. the first presentation we heard was a pitch for a data management system for rigs and then a convenience store, a play saying because more consumers adopt evs doesn't mean convenience stores will go to the wayside. a biotech pick as well as a n norwegian digital media company. various geographies, areas in terms of sector. but, of course, you were having this conversation about dispersion, stock pic
don't miss david faber's exclusive sitdown with disney ceo bob iger tomorrow at 9:00 a.m. eastern on "squawk on the street. "won't want to miss that. speaking of well-known investors and activists and big names in general, several are here at sohn presenting today, their best ideas for a great cause. our leslie picker joins us now, what we've already heard and what's coming up. we're together. it's a big, fun day for us to cover what is happening here. >> it is. >> what...
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Apr 2, 2024
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iger to mr. peltz. too much blood has been spilt. you go to the operations, and i keep saying this, if we're six months away or less from profitability in disney+, this is where the future of the business lies. this is what replaces linear television which is obviously going away. once you reach profitability, then you're having discussions like you're having about netflix, how profitable. and that's a very positive place to be in with high gross margins. that's where i want to get to and why i wouldn't sell if mr. peltz doesn't prevail. >> to add to that, if you look at the economy is stronger than we expected, well, that means it's good for disney, for theme parks, for businesses. that's why you want to own the stock. things are going in their favor. the economy is staying stronger. the parts are greater than the whole. the operating leverage from streaming, you get a real multiple. >> and, david, as you know, one of the greatest assets, so to speak, iger has in his pocket is a stock price that's gone steadily higher over the cours
iger to mr. peltz. too much blood has been spilt. you go to the operations, and i keep saying this, if we're six months away or less from profitability in disney+, this is where the future of the business lies. this is what replaces linear television which is obviously going away. once you reach profitability, then you're having discussions like you're having about netflix, how profitable. and that's a very positive place to be in with high gross margins. that's where i want to get to and why i...
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Apr 5, 2024
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bob iger has a big pressure point called "bob iger."y back to its rightful spot, top of the pyramid. that's where they're headed. bob will keep pressure as will the rest of his talented organization doing just that. so i don't think nelson comes back for one simple reason -- i believe strongly the company will continue to perform. >> i would say iger and company had all of these plans in place. moving and doing all the things nelson was, nelson peltz was complaining about already in action. a few things happened in the last week or so. one thing reaching out making amends in the florida state governor there. that was something that i felt like it was kind of tied to this. trying to wrap up the loose ends before this vote. >> i can comfortably tell you, becky, it wasn't. that's a discussion that had been ongoing, and obviously shareholders did speak about issues that mattered. dtc in particular. succession in particular, and the company has a robust succession committee planning process. heard from mike, james gorman, through his own suc
bob iger has a big pressure point called "bob iger."y back to its rightful spot, top of the pyramid. that's where they're headed. bob will keep pressure as will the rest of his talented organization doing just that. so i don't think nelson comes back for one simple reason -- i believe strongly the company will continue to perform. >> i would say iger and company had all of these plans in place. moving and doing all the things nelson was, nelson peltz was complaining about...
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Apr 4, 2024
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david faber interviewed bob iger after his win in the roxy fight with nelson peltz. midway through the interview bob talked about his predecessor, no need to name him since nobody at disney seems to -- okay, i'll do it p bob chapek. the stock took it on the chin of course and didn't really recover until the last few months. i think we misjudged how much disney was really hurt first by covid and then management's response to covid. frantic attempts to meet their streaming goals not backed up by what had been the company's regular cash flow. now there's no excuse which is a big reason why nelson peltz thought it was worth going after some board seats but things got better as pelths agitated while the pandemic faded and the travel tail winds reemerged. i don't think pelts saw the turnaround in the stock coming even as he arguably caused a lot of it which ironically then hurt his chances of joining the board. the cruise line stocks have been among the best performers for the last 18 months, especially royal caribbean. seems quizzical but wait a second this move's almost
david faber interviewed bob iger after his win in the roxy fight with nelson peltz. midway through the interview bob talked about his predecessor, no need to name him since nobody at disney seems to -- okay, i'll do it p bob chapek. the stock took it on the chin of course and didn't really recover until the last few months. i think we misjudged how much disney was really hurt first by covid and then management's response to covid. frantic attempts to meet their streaming goals not backed up by...
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we expect iger in 2014 which is not happened. board seats warrant the power to overhaul the company. they are primarily involved in leadership changes and major acquisitions, it's not day today. the biggest impact put disney on defense force things into cost-cutting plans and how stock reacted after a terrible run last year, it's up 35% year to date, it increased 40% since announcing support so disney is likely going to win but the scrutiny stays. stuart: show me tesla. talk hit its lowest point in four years after deliveries fell more than expected. ray wong joins me in technology stocks. total blame but this decline on red sea attacks and production issues, but ev demand in america slowed. will this decline continue with tesla? >> it's the demand problem, interest rates in the us and incentives that are declining, than expiring. that the important part. consumer demand for evs may be down overall, the demand for hybrids going up. the be whitey numbers are up for hybrid. tesla did reclaim the ev crown but declining sales. stuart
we expect iger in 2014 which is not happened. board seats warrant the power to overhaul the company. they are primarily involved in leadership changes and major acquisitions, it's not day today. the biggest impact put disney on defense force things into cost-cutting plans and how stock reacted after a terrible run last year, it's up 35% year to date, it increased 40% since announcing support so disney is likely going to win but the scrutiny stays. stuart: show me tesla. talk hit its lowest...
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bob iger went after lucasfilm, pixar, integrated woke concept in the last few years that backfired.aria: are there areas you want to be in in this soft landing we are expecting which is what the fed keeps telling us that those areas will do better than others? >> look at the valuations, financials, anything that does well when interest rates go down because we know that is coming can. reposition yourself early on. that's where you want to be. maria: we think they are coming. we don't know. >> i don't think they are coming. maria: we will see what happens after june. a pleasure to see you, thanks very much. kathy is here. mark, you were great, thank you. house oversight committee chairman james coburn joined us yesterday, nancy mase is here with reaction to my interview with the oversight chair. james comber said this. >> this is serious investigation, president biden is in trouble. he needs to answer these questions. maria: that after the break, you are watching "mornings with maria" live on fox business. ♪ ♪ when i was your age, we never had anything like this. what? wifi? wifi tha
bob iger went after lucasfilm, pixar, integrated woke concept in the last few years that backfired.aria: are there areas you want to be in in this soft landing we are expecting which is what the fed keeps telling us that those areas will do better than others? >> look at the valuations, financials, anything that does well when interest rates go down because we know that is coming can. reposition yourself early on. that's where you want to be. maria: we think they are coming. we don't...
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blackrock support would come as welcome news as the ceo bob iger with trian gunning to take two seatse tries to turn disney's fortunes around. there is no guarantee that disney would win the vote since investors have until tomorrow's shareholder meeting to make the decision. this as people familiar with the process tell cnbc that iger is considering tapping dana walden the successor. that would be the first female ceo in the existence of the company. you can find more on the story with the twists and turns all on the cnbc web site for you to read. >>> coming up on the show, we will take a look back at the big first quarter for markets. big is an understatement. the s&p is posting the best first quarter in five years. hi. i'm wolfgang puck when i started my online store wolfgang puck home i knew there would be a lot of orders to fill and i wanted them to ship out fast that's why i chose shipstation shipstation helps manage orders reduce shipping costs and print out shipping labels it's my secret ingredient shipstation the number 1 choice of online sellers and wolfgang puck go to shipst
blackrock support would come as welcome news as the ceo bob iger with trian gunning to take two seatse tries to turn disney's fortunes around. there is no guarantee that disney would win the vote since investors have until tomorrow's shareholder meeting to make the decision. this as people familiar with the process tell cnbc that iger is considering tapping dana walden the successor. that would be the first female ceo in the existence of the company. you can find more on the story with the...
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Apr 2, 2024
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jim, you have to say right now iger is going to win this one, but we don't know yet.early. these reports about 50% in, again, you can pull and resubmit until the deadline. >> what are you hearing about the cost of this to disney shareholders? >> the costs are running high. >> the highest ever. >> on both sides. >> the tryian side, if we see this money might have been better, making movies that sell. >> 40, $50 million. >> most expensive proxy fight ever. >> i think that matters. people have to recognize, maybe they should say let's have him in, he can't do $50 million worth of damage. >> well, they felt otherwise clearly. by the way, it's not just money. it's time. i mentioned this for so many years here in terms of these kinds of fights. the distraction for management, the time spent -- you're spending it with shareholders. so conceivably there's a good that comes from that, from sitting down as bob iger did with so many large shareholders. there's a lot of distraction that comes with it. >> what are the odds they do something like proctor did? minus 10? >> not a cha
jim, you have to say right now iger is going to win this one, but we don't know yet.early. these reports about 50% in, again, you can pull and resubmit until the deadline. >> what are you hearing about the cost of this to disney shareholders? >> the costs are running high. >> the highest ever. >> on both sides. >> the tryian side, if we see this money might have been better, making movies that sell. >> 40, $50 million. >> most expensive proxy fight...
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wrapped in a political story and they are able to charge forward. >> although we should mention bob igerill -- he can't stay on indefinitely. is gone and come back several times and eventually will leave the thinking about what happens. i want to move to commodities because called in particular and big coin and creek does have been done extremely well. is that because people are losing faith in the dollar? what is going on? >> what's going on with gold, five 100% since 1995, seems like a lot but compare 1500, it's not a real comparison compared to 1995 but with interest rates coming down, gold is seen as a good repository of value but we have to compare that to where inflation is going and what's happening in the long run so because it's a finite supply people say they have a great role dozen argument for bitcoin, gold is 30% inflation but bitcoin is up three 100% for the year. so an interesting comparison but this gold rally is interesting. >> somebody else is interesting, the election coming up, how do you think the election will affect markets one way or the other. >> i will stick wit
wrapped in a political story and they are able to charge forward. >> although we should mention bob igerill -- he can't stay on indefinitely. is gone and come back several times and eventually will leave the thinking about what happens. i want to move to commodities because called in particular and big coin and creek does have been done extremely well. is that because people are losing faith in the dollar? what is going on? >> what's going on with gold, five 100% since 1995, seems...
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Apr 13, 2024
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far only one thing is obvious, such a wide and deep urals have never been seen here, mikhail chanov, igerkaterina kostyukevich, nikolai datsun, ntv, orenburg, the russian orthodox church commented sharply. a statement made by the head of the estonian ministry of foreign affairs. his accusations of terrorist activities there were called the theater of the absurd. earlier, on local television, the estonian minister of internal affairs proposed recognizing the moscow patriarchy is terrorist. in this case , his activities may be prohibited by a court decision. according to the head of the ministry of internal affairs, this does not mean that churches will be closed, but ties with russia will be severed. however, the estonian orthodox church promised not to do this, because... needs them, we contacted the deputy chairman of the state duma of the russian federation, anna yuryevna kuznetsova, who was previously the commissioner for children's affairs, she is responsible for this issue, and we are sure that our funds are from the open world fund will come directly to every person in need and will
far only one thing is obvious, such a wide and deep urals have never been seen here, mikhail chanov, igerkaterina kostyukevich, nikolai datsun, ntv, orenburg, the russian orthodox church commented sharply. a statement made by the head of the estonian ministry of foreign affairs. his accusations of terrorist activities there were called the theater of the absurd. earlier, on local television, the estonian minister of internal affairs proposed recognizing the moscow patriarchy is terrorist. in...
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Apr 1, 2024
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again, i think peltz doesn't hurt and on the margins can add, and iger and the team have been doing a good job, and i think the stock can continue to perform. i think the peltz side show behind us, and it will be a sideshow when it's done, and that will be good. you have two independent investment banks that make a valuation and i think they meet in the middle, and it's a process. i don't know why it's taking so long, but i don't think there's any hair there. >> you supported peltz, too. >> i would sell the stock if he doesn't get a board seat. >> would you? >> yeah, i would. he could make a lot of change. you want him on your team. he has a proven track record, and i don't think it makes sense, so i would sell it if he doesn't get involved. >> you don't own it, so it doesn't matter? >> i sold it at a lot higher. >>> let's get to the news with pe pippa stevens. >> the judge ordered murdaugh for restitution to the victims. google plans to destroy data on the web browsing histories of millions of users to settle its lawsuit related to the privacy settings. the lawsuit accused google of
again, i think peltz doesn't hurt and on the margins can add, and iger and the team have been doing a good job, and i think the stock can continue to perform. i think the peltz side show behind us, and it will be a sideshow when it's done, and that will be good. you have two independent investment banks that make a valuation and i think they meet in the middle, and it's a process. i don't know why it's taking so long, but i don't think there's any hair there. >> you supported peltz, too....
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Apr 2, 2024
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this is not a bob iger thing. you know, it almost seems like there is some cultural or systemic issue going on at disney. there is a case for change, but the question is do peltz or ruzullo or the blackwell nominees the right people for that task? the argument they are making in the materials address it a little bit, but they're mostly trying to make the case that disney's performance is poor and the board is bad. here are the two directors that are the weak links and we want to pick off. it is mostly this negative advertising campaign and very little on the substance for it. they say we want to restore the magic. it's not clear how they will do that. on the phone call, i wasn't able to get a sense of specifics. i asked them about the case of dupont and other fights, you had specific strategic initiatives, but in this case, you really don't. what i heard was more of the same of we want them to have more accountability and more of an ownership mentality. almost stock phrases, if you wilt will, that could an applied
this is not a bob iger thing. you know, it almost seems like there is some cultural or systemic issue going on at disney. there is a case for change, but the question is do peltz or ruzullo or the blackwell nominees the right people for that task? the argument they are making in the materials address it a little bit, but they're mostly trying to make the case that disney's performance is poor and the board is bad. here are the two directors that are the weak links and we want to pick off. it is...
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Apr 4, 2024
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who is going to replace bob iger in 2026? the company. let me just tell you about some of the measures they introduced in the wake of this battle. they've tried to please investors by investing in epic games. they've also announced cost cuts, a 50% increase in dividend and a $3 billion share buy back. let's see for how long disney will continue to please investors and whether perhaps it might need to go even further when it comes to some of these measures. >> all right, cnbc's silvia amaro live from london, thank you as always. >>> still ahead we'll turn back to politics with a look at how republican lawmakers are responding to donald trump's constant claims of presidential immunity. >>> and we'll get an update on the fight over funding for ukraine ahead of congress return to capitol hill next week. that's all straight ahead. don't go anywhere. t ahead. don't go anywhere. - so this is pickleball? - pickle! ah, these guys are intense. with e*trade from morgan stanley, we're ready for whatever gets served up. dude, you gotta wo
who is going to replace bob iger in 2026? the company. let me just tell you about some of the measures they introduced in the wake of this battle. they've tried to please investors by investing in epic games. they've also announced cost cuts, a 50% increase in dividend and a $3 billion share buy back. let's see for how long disney will continue to please investors and whether perhaps it might need to go even further when it comes to some of these measures. >> all right, cnbc's silvia...
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Apr 5, 2024
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bob iger said this yesterday when he said that he wanted disney to be number two.ing that netflix is number one, mike. so has netflix -- is it just netflix's world at this point? >> it would seem to be, right? i think there was concerns number one that we had a lot of this sort of over the top competition in the streaming world. they were suddenly going to be fighting against all of these other market participants. and they just -- they aren't losing basically their subscriber base. maybe other people are picking up disney+, using other services here and there. netflix is maintaining they raised prices. you know, this new price target is what? 30 times, i think, full-year '26 estimates of over 25 bucks a share and the question that people long had about it was, you know, with the cost of content, was this company ever going to generate free cash flow. as tim pointed out, it finally did. now it's really starting to print it, you know, probably will have ten billion in free cash flow 2026. i have think the multiple is rich for me given we are looking at probably teen
bob iger said this yesterday when he said that he wanted disney to be number two.ing that netflix is number one, mike. so has netflix -- is it just netflix's world at this point? >> it would seem to be, right? i think there was concerns number one that we had a lot of this sort of over the top competition in the streaming world. they were suddenly going to be fighting against all of these other market participants. and they just -- they aren't losing basically their subscriber base. maybe...
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Apr 3, 2024
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and what happens at disney now that bob iger won the big proxy battle against nelson peltz? i'm melissa lee, coming to you live from studio b at the nasdaq. on the desk tonight -- tim seymour, karen finerman, dan nathan, and guy adami. >>> we start off with the fed chair powell's balancing act. the central bank chief towing the line between spurring economic growth by cutting rates and tamping down on persistently high inflation. earlier today, powell suggested he is not yet ready to say that battle's been won. >> on inflation, it is too soon to say whether the recent readings represent more than just a bump. we do not expect that it will be appropriate to lower our policy rate until we have greater confidence that inflation is moving sustainably down toward 2%. >> the fed's key inflation gauge has now been above its target 2% rate for three straight years. it's not exactly as transitory as powell originally said it would be, and that sparks our question tonight, will the fed be as wrong on inflation on the way down as it was on the way up? some other, you know, interesting
and what happens at disney now that bob iger won the big proxy battle against nelson peltz? i'm melissa lee, coming to you live from studio b at the nasdaq. on the desk tonight -- tim seymour, karen finerman, dan nathan, and guy adami. >>> we start off with the fed chair powell's balancing act. the central bank chief towing the line between spurring economic growth by cutting rates and tamping down on persistently high inflation. earlier today, powell suggested he is not yet ready to...
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forest fire stations, equipment for difficult terrain is being prepared for launch: huge snowmobiles, igerodules, atvs, tracked vehicles; it is expected that new equipment will also arrive, additional reinforcement. today we are preparing accordingly earlier, the plan is going ahead of schedule, we are ahead of schedule, all the equipment is basically ready. for the firefighters themselves, health and good physical shape are important: those who want to join the paratroopers are trained in 9 days, paratroopers in a month, judging by the fact that among the firefighters there are many who work for 15 years more, the service is drawn out. alexander budilin is 65 years old, has 2,000 parachute jumps under his belt and continues to practice, now for the purpose of training. it is from human efforts, he argues, the outcome of a forest fire depends. an airplane and a helicopter that drops water helps, that is, by dumping water, it extinguishes, that is, it amuses the pace of the fire. until a person works himself, there is no aviation. blogger elena blinovskaya sent a statement to the federal ta
forest fire stations, equipment for difficult terrain is being prepared for launch: huge snowmobiles, igerodules, atvs, tracked vehicles; it is expected that new equipment will also arrive, additional reinforcement. today we are preparing accordingly earlier, the plan is going ahead of schedule, we are ahead of schedule, all the equipment is basically ready. for the firefighters themselves, health and good physical shape are important: those who want to join the paratroopers are trained in 9...