. this is "nightly business report" with bill griffeth and sue herera. i am announcing today that the uni wd statesl withdraw from the iranucar deal. >> the president dismantles the landmark agreement reimposing sanctions on iran's oil sector. crude goes crazy and defense stocks get a lift. disney dazzles box office blockbusters drive earnings, but oothe company may find itself in the middle of a major media battle. crackinghe code. why your password is the gatekeeper beten a hacker and your personal information. those storind more tonight on "nightly business report" for tuesday, may 8th. and we dooo bid you evening, everybody. this was one of those days when

wall street was fixated on washington. as expected, the president did fulfill aampaign promise to withdraw from the iran nuclear deal, a sixn agreement in which iran had agreed to limit its production nuclear weapons material. mr. trump's move reinstates sanctions in defiance of other world leaders and it caused turbulence in the world market. domestic crude settled down 2.5% on very heavy volume. meanwhile, defense stocks moved in the other direction with northrop, raytheon and lockheed. the dow rose 2 points to 24,360. it had bee down 150 points today. the nasdaq was up a point and pthe s&p was a fraction. eamon javers is at the white house with more on the president's decision.he >> reporter: president was widely expected to pull out of the iran nlear deal,ut the

question was what level of sanctions would the united states b reimposing on iran. the presidentt answered t question. >> i am announcing today that the united states will withdraw from the iran nuclear deal. we will be instituting the highest level of economic sanction. any nation that helps iran in or its quest nuclear weapons could also be strongly nctioned by the united states. america will not be held hostage to nuclear black mail. meanwhile, the new national security adviser john bolton briefing advisers tfter president spoke explaining that american companies won't be able to enter intoit new contracts iran. the treasury department, he said, will be laying out 90 to 180 day wind down periods for that wereng contrac signed under the previous arrangement. meanwhile, reaction pouring in from around the world. in france president macron said

france, germany and the u.k. regret the u.s. decision to leave the iran deal. the nuclear nonproliferation is at stake and in israel netanyahu saying israel thanks trump for his courageous leadership and commitment to ensure iran never gets nuclear weapons. the president also said that his new secretary of state i on his way to north korea to finalize negotiations for a summit between t united states and the north korean leader. the president might have had the north koreans in mind when he said this. >> today's actn sends critical message. the united states no longer makes empty threats. when i makepr ises, i keep them. mp the implication from president donald ts that agreements with previous presidents might be withdrawn but agreements signedy him are agreements he's prepared to stand by. for "nightl i'm eamon javers at the white house. the resumption of sanctions

against iran could derail tens billions of dollars in business deals in that country, ny that ng is one com has an awful lot at stake. the world's largest aerospace firm has agreements to sell planes to iranian airlines wortb roughly $lion based on list prices although boeing had already pushed bk its delivery plans. the company issued this statement, quote, following today's announcement we will nsult with the u.s. government on next steps. as we have throughout this on process, wenue to follow the u.s. government's lead, end guote. shares of boe moved lower in trading today. and as eamon reported, reaction from around the world was swift, especially, as you can imagine,the middle east. atae gamble reports from bahrain. >> reporter: illegal and illegitimate, that's how iran's regime i describing a decision by u.s. president donald trump to reimpose the highest level of economic sanctions. the decision coming just one day following lebanon's

parliamentary elections which fought iranian backed hezbollah claiming victtry. presidenp described iran the leading state of terror mentioning hezbollah and the military bombings in beirut. countries and businesses will have 180 days to stop buying iranian crude. the president also managed to tie this to saudi arabia's nuclear ambitions. just one month ago they announced that if iran got a nuclear bomb so would saudi arabia. while the president's decision may be in line with saudi arabia, the uae and others, there are serus questions of what will happen with the op/non-opec agreement. and how quickly this could wipe out 2.2 million barrels for iran.> o what's an investor's take away from the iran nuclear decision? matt bailey is with miller taiback. good to see yo

welcome. >> great to see you, sue. >> a lot of people were confused by the initial oil market reaction itoday's trading session. oil though is a very -- it's a fascinating commodity certainly. what do you think the broader implications are, not justor l and energy companies and the like but for the economy? >>well, it's going to be interesting. like i said, it was -- you know, oil actually came down a little bit. it was kind of one of those sell the news. thishole thing about trump and iran with the iran deal had been well telegraphed. we knew this was going toen hapn hough there was a little chatter going around the last day or two that might not. we knew this wa coming. people have been buying, buying, buying. nally steps awa and lets the crude oil fall a little bit. the thing is as the thing settles back in, you'll see it rachet back up a little bit. is is not a major problem. this is not the 1970s again. it was a supply that comes out of the market is not like what we had with opec shutting down everything back in th1970s

thataused stagflation. there is good and growing >> ben, we have instances in certain sectors like the aerospace companies. secretary mnuchin said late today that licenses that were in place f airbus and boeing have now been suspended as a result of this withdrawal from the nuclear energy -- the nuclear power agreent. so what does this do to sectors like that where companies have been starting to dousiness with iran again? >> well, it's kind of funny. on a big picture vel, like i said, it creates another headwind for the market. we've had some new headwinds show up in the last couple of months with concerns over tech regulation or trade wars, etsz. and these good earnings haven't been able to overcome them. i loo and see what happened with warre buffet. he talks about how he loves the market long term. let's face it, he still has a lot of cash. my kind of feeling is now that

cash, short-term rates are moving up, cash is paying a bit. i'm not saying go 50% of cash or 20% of cash but raise some and take advantage. he talks about how apple will come in, that's how he buys it. you can take advantage if we get another scare like we got in febrry instead of bein the one who panics like investors tend to do. >> are you one who feels as though given the rhetoc that saw this afternoon from various countries around the world that there is more headline risk and perhaps more volatility ahead forhe equity market given the situation? >> yeah, i thi w therel be. and, again, the one thing of course is that we saw i 2017 there was almost zero volatility. >> right. >> volatility, the one we saw in february really was more normal than -- it increased but it was more normal than people felt. that's volatility will create all sorts of opportunities so, you know, embrace that volatility if and when it comes. >> on that note, matt, thank

you. as always, good to see you. >> thanks for having me. >> owbill. component disney reported stronger than expected sales tonight helped by strength in its movie decision. led by the success of "black panther" and how. it earned $1.80 a share 14 cents above estimate revenue rose by 16 cents to $15.5 billion. julia boorstin spoke to disney ceo bob iger about the company's quarter. >> reporter: the bottom line from disney's earnings, t media giant out performed expectations pretty much across the board with the biggest up side surprise, disney theme parks and the movie studio where blockbuster films and new attractions killed ticket sales and attendance. perhaps the most unexpected thing about disney's earnings, the fact that it performed better than expected at the media network division which includes espn. it's been under pressure with cord cutting causing subscriber

losses. >> we believe you're going to continue to see real growth int di platforms and continued erosion on the traditional side. i think ultimatel the new business will eclipse the older business. i think it will probably happens sooner than people initially predicted and that's why we're going into this in big way. >> ceo bob iger wouldn't reveal how many people have signed up for direct to cssumer busin espn plus but he said the app is performing quite well and that ey're continuing to find ways to make the user experience better. for "nightly business report" i'm julia boorstinn burbank, california. there are also reports tonight that comcast is working on a deal to push disney out. rubbing to buy the assets of 21st century fox. eccording to cnbc comcast is in talks with investment banks to set up an all cash bid of up to 0 billion. in december disney agreed to pay about 52 billion for fox's assets. comcast is waiting though to see the outcome of the justice

department's challenge to at&t's acquis tion ofe warner before it puts its bid forward. shares of comcast, wsch the parent company of cnbc which produces this program fell 5%. fox shares were down a action. > we're going to talk about disney's earnings. the ceo and chief investment officer at sure vest wealth management. robert, good to see you. welcome back. >> than>>, bill. lot of hand wringing lately about espn and the decline of viewership there, but now this digital initiative with espn and, let's face it, blockbustere box office n for disney as well. how do you assess how the company's doi? >> yeah i mean, this report today, bill,e' i mean, been an owner of disney for several years and i've been bullish on the stock. it's struggled in the last year or so. these numbers today however you slice them were absolutely blockbuster. blew away the whisper numbers. like julia was saying, even the

media numbe was above average. when you look at parks and resorts and studios, studios beat analyst's expectations by 40%. these arelo buster numbers. the only reason the stock is lingering is all of this uncertainty brought up withnd comcastike you said the fear of whether or not this digital offering is going to take hold. >> you know, who do you think will ultimately win the fox assets? antan, comcast is going to up cash. rupert mourdock has said in the past orndated in the past perhaps more shareholder friendly deal would be with stock. so how do youth handicap ? >> yeah, that's right. obviously from a tax holr -- tax advantage perspective, getting the stock is better than the cash. that being said, $8 billion might not be the gap there so i do think ultimately that disney's going to be the winner here, but i think there's going to have to be some concessions

made. so whether that's on the sky dealhat winds up going to fox, whether it's them ponying up a little cash to close the deal. i do think when you look at some of the assets like hulu, marvell, thesere things i don't believe disney can afford to be without. as they expand their empire, star and india are things theya really to get ahold of. >> let me go back to the digital they took back some of the films forheir library on netflix, exampl it's clear they want to complete in the streaming vision -- area with a netflix type. and is that a potentially huge grower for them or not do you think? >> absolutely. asi mean, it to be. that's the way that media, you know, today, bill, is being consumed. i mentioned star in india. you know, this is a 1 billi population plus market and when you look at the start division, they have 700 million users. when you look at star streaming th india, they have 60 million users. compares the 9 million with netflix -- i'm sorry, with

amazon, 6 million with netflix. ass is an area that they see a big growth initiative. i think they're relying on some of these acquisitions to help fuel that as well. >> indeed. robert, always good to see you. >> tha>> you. obert luna with sure vest wealth management. still ahead, a drug executive, opioids and an apology. reportedly inis talks to get a $30 billion flexible credit line from the international monetary fund. the country has asked for financing to help stand a rou i currency. the selloff in the peso has led to a rise in interest rates and that threatens to derail the economy. the company's president said the credit line will help avert a

crisis. the trump administrationst today req $15 billion in spending cuts from congress. senior administration officials y that the proposal is targeted at federal funds that are not being spent and that the o-year budget deal reached in february will not be affecteds a result. some of the cuts would come from an advanced technology vehicro loanam which has reportedly not made a loan since 2011 and thedr ch's health insurance program which an official said would not hurtat program. well, for the first time ever there is a job opening for ery unemployed worker. according to the latest survey from the labor department, there were a record6.6 million openings in march. roughly the same as the number of unemployed americans. openings rose in professional and business services a well as in construction and transportation. on capitol hill tod a drug executive apologized to lawmakers for not dng more to stop the shipment of millions of opioid pills to pharmacies in

two small west virginia towns. the executive chairman of cardinal health said he wished his company had made different decisions. >> to the people of west virginia, i want to express my personal regret for judgments that we would make differently today with regard to two pharmacies that have been a particular focus of the wisubcommittee. the benefit of hindsight i wish we had moved faster and nt asked a diffeet of questions. i'm deeply sorry that we did not. >> mr. bear and other former and current drug distributors testified before the house energy and drug commerce committee oversight committee. valiant says its name. that's where we begin the market fots. as p of the turn around plan valiant plans to change its name to bauch health. update ticker signal to bhc. strength in its eye products helped quarterly results top expectations. valiant also hiked its revenue

guidance for 2018. the shares rose nearly 9% to 1977. the milk supplier dean foods reported better thaninxpected ea even as it kept a tight lid on costs. it's making progress in its turn around and reaffirmed the guidance for the year. the shares were up nearly 17% to and hays celestial says softer demand in the u.s. and higher costs caused earnings and sales to disappoint. the maker of tara chips cut sales for 2018. the shares though were off 4%, 27.45. customers have begun aw revisiting ld, at least for now. the theme park operato said day that it saw attendance rise by 14% in the latest quarter a that helped the company's top expectations. back in 2013 attendance began a steep decline after the relea of a documentary that alleged seaworld miss treated its

whales. it gained 7% closing at 169 today. camping world reported an increase innings but still missed expectations. it missed by a penny. th rv retailer said that the peek selling season is off to a slow start mainly after a very unseasonably cold winter as we all know. that clearly concerned investor they sent shares down more than 16% today to 23.02. after the bell they said that higher sales in thene digil bu helped total revenue edge past street targets forsthe la quarter. they gave a sales outlook for the currenter qua that was shy of expectations. e.a. also said it was launching a $2.5 billionhare buy ck. shares were initially higher after hours. they ended the regular session at 123.89. coming up,tr making a ade in the name of charity.

here's a look at what's what tomorrow. fresh economic data is on tap. the producer price index is due out, and thalois aly watched measure of inflation. after that we get a read onol ale inventory. and atlanta fed president raphael bostic will speak about his economic outlook and that's what to watch for on wednesday. you know, twitter recently urged all 330 million of its users to change their password after the company said it found and fixug a that stored user passwords internally withoutua ad security. that got us to thinking about passwords and how to keep them safe. so andrea day spoke to a professional hacker ho spends

breakys trying to legally into companies. >> we knew passwords were a bad idea 20 years ago, yet here we are ortoday. >> rr: meet charles henderson, ibm security. hmajor teams hire company to try to break in. >> we get to be the criminals forda a >> reporter: how much fun is your job? >> i have the best job in the world. >>ter: they hunt for open doors in the company's network sometimes slipping past building security to hack from inside. the secret to getting in, he says, carry a box of donuts. >> the donuts were so disstrasetng because, face it, everyone loves donuts. he was able to use a conferencet room at t point to attack the company from inside. >> reporter: to crack passwords the team built a special machine called crack it. >> the criminals use simil hardware to crack passwords as well. >> reporter: he says it can break any password up to 14 t minuters long in j >> it uses an array of video cards that are very good at the specific type of math and goesu th every possible

rrmutation. orter: most people still resort to basic passwords like these used by employees at a major video company and these by a manufacturing business. check out how many times they use a season other patterns. >> parents. what kind of passwords do they use? >> oftenheir children's names. >> pet owners. >> they use the names of their. pe >> reporter: we got to test it out at ibm's security war room justout side of boston. henderson said the top used password is password 1. the crack time, 148 seconds. next we try a longer one adding capital letters and the special charters everyone tells us to use. >> the crack time here was 127 seconds. >> reporter: what? believe it or not, our longer password with caps and dollar signs was easier to crack, but neither oneas very tough. >> complexity isn't the driving force here. think aboutlength.

think about something tt is so long that things like cracken are rendered useless.e' th a reason we've limited you to 14 characters here. as you go beyond 14 characters it becomes more and more difficult for us to crack a password. >> reporter: he says anything is crackable. long passwords like complete sentences take so much longer criminals might not bother. >> knowing that you're never going to get to 100% security especially with passwords, get to the most security you can get to. >> reporter: after you come up with a longssrd, he said add on multi-factor authentication like having a text sent to your phone saying it's you or adding facial recognition. >> reporter: what's your top advice inpa word. >> treat it like underwear and don't reuse it. eporter: it's all about length. come up with a sentence you won't forget. there's not enough space, don't give up. websites will have more room than whatppears in that box. for "nightly business report,"

i'm andrea day. well, the trading floor at the financial firm btig was packed today, but not with aders, with celebrities acting as traders as part of its 16tht annual cha day. that day benefits hundreds of charitable organizations and our bob pisani was there. >> reporter: the annual btig charity event has become a premiere wall street event. a mix of serious fundraising and hobnobbing among leaders in the media, entertainment, sports and the business world including bill clinton, mike bloomberg, eli manning, brody miller, denis leary and even ludie kris? >> $45 llion, celebrities, charities banning together for the good of wall street. theyn come i and raise money for 700 charities.

>> high five. >> what's that? >> high five! >> high five! >> reporter: while the focus was sn giving ck, gary cohn, president trump' former top economic adviser, spent time hetalking business, global economy and trade with china. >> i don't think anyone wants ad no one wins in a trade war. i think everyone understands that no one wins in a trade war. >> reporter:t's been two months since cohn has left the white house and there's been n shortage of job offers. >> there's a couple i'm spending time with. lawyer i'm with right now looking at the possibility of a company to see if it makes sense. >> can you tell who this is? >> no, i can't. >> reporter: nba legend shaquille o'neal talked business and had pointed advice for young people seeking to build wealth. >> all right, children. young guyse into a lot of money, this is $100. what you want to do isou want to rip that hundred in half. 50. save it. don't ever touch it. put it away.

don't even look at it. now you'v got 50left. now the smart people, the real smart people, the billionaires of the world, they'll take half of that 50, put all of that away. this right here, have n. u want to buy houses, you want to buy cars, you want be to buy plaerns, you want to travel. e this is one of dozens of charitynts that take place on trading desks all around the city. one way traders reduced the age that wall street cares nothing about profits. from nightly business reports i'm bob pisani. finally tonight, the art collection of david and peggy rockefeller goes up for auction beginning tonight. as we've beeng, recordin the entire collection is expected to sell the records with proceeds going to charity. the bidding has already started for items listed online and prices so far are way above exec p ta -- expectations. mr. rockefeller's cuff links are

already valued at $6,000. speaking of mr. rockefeller, sue ved i have fond memories of interviewing him the years including on this windy afternoon. that was at the top of rockefeller c in new york city, november of 2005, the day the top of th rock opened when we were back in high school. >> such -- yes, exactly. we look exactly the same, don't we? >> we look exactly the same. >> what a gift to g haveten a chance to know him and interview him. >> he was a true gentile man. >> absolutely. very generous. that does it for ustonight. i'm sue herera. thanks for joining us. >> i'm bill griffeth. have a great evening. see you tomorrow.

>> this is "bbc world news america." >> funding of this presentation is made possible by the freeman foundation, kovler foundation, pur solutions for america's neglected needs, and purepoint financial. >> how do we shape our tomorrow? it starts with a vision. we see its ideal form in our mind, and this we begin to el. hawe strip away everythingt stands in the way to reveal new possibilities. at purepoint financial, we have designed our modern approach to