i think bob iger will figure it out.es, i understand the problems they're having on the cable side of things. but i also think he's one of the best managers out there. you've got to give them the benefit of the doubt. if the market stabilizes it goes to 110. >> was the valuation reasonable when the stock was sitting at all-time highs of 122? i ask that because that would clear the way. if you thought that was reasonable that would theoretically clear the way to that level again. >> price is truth. guy likes to say that a lot. i do believe it's going to work its way back up. i do believe they're the king of content. and i am personally long disney. but i also believe that this is what's going to save netflix too. netflix deal with disney kicks on in 2016. so they're going to get "star wars." they're going to get marvel. superheroes. there's a lot of content that's going to save both stocks. >> if the market gets stronger i think disney's a place you do look to buy. lock at the way it's trading. 100 is your stop. you can g

on the list of the powers that be, taylor swift is number one, followed by disney's bob iger.ally, hbo's richard plefler. >>> now just two days away from the start of the nfl season. and a hilarious pros and cons list from our own jimmy fallon. and love them or hate them, the mets seem to have the special stuff heading into the playoffs. ♪ from bank of america to buy a new gym bag. before earning 1% cash back everywhere, every time and 2% back at the grocery store. even before he got 3% back on gas. kenny used his bankamericard cash rewards credit card to join the wednesday night league. because he loves to play hoops. not jump through them. that's the excitement of rewarding connections. apply online or at a bank of america near you. wiback like it could used to? neutrogena hydro boost water gel. with hyaluronic acid it plumps skin cells with intense hydration and locks it in. for supple, hydrated skin. hydro boost. from neutrogena ♪ "good morning" ♪ with ingredients like roasted hazelnuts and cocoa, nutella gives you so many delicious options every morning. ♪ send them to sc

glenn, we have been getting s about what will happen, names like bob iger.hat do you think can be accomplished at a meeting like this? you know, emily, i think it is about the interest of the tech companies in china, that everybody who is anybody in technology is going to be at this meeting. i think the dialogue will be somewhat substantive in that people will be given the opportunity to talk about their aspirations in china and develop relationships with members of the government who are important in entering china, but i also think you will see following this meeting more activity, as we have already begun to see, whether it be from uber or airbnb, certainly apple and now google. more and more companies will be seen entering the chinese market because it is so attractive. emily: at the same time, hack attacks keep happening. the talks could eventually prevent the chinese war hinder the chinese from hacking critical infrastructure but , nothing to protect intellectual property right now. be the biggest issue right now. what would it actually accomplish? bri

so, bob iger has done an amazing job growing the entire disney business. >> host: what is the importanceof sports to the cable industry to the satellite industry, but to the video industry? >> guest: well, sports is hugely important, not to everyone, so a lot of people highlight the channel bundling issue and the fact that they have to pay for espn even if they don't like sports or even if they don't watch espn, as a reason that they don't want to continue with such a big package. but in the book i have a chapter called "sports: the great divide" because for anyone that likes sports, it's perhaps the biggest reason why you wouldn't cut the cord with cable or satellite, and just go soley to the internet, because as i mentioned, there are five big media companies that have licensed the vast majority of the rights to sports events. and if you look at the sports food chain, nfl is probably at the top of the lest. certainly financially they're at the top of the list. their annual revenues are roughly $10 billion. the majority of that revenue comes from sports rights, from four of the five com

and china, including the likes of apple up a stiff tim cook to disney's bob iger. from the chinese side, it ma andd alibaba's jack others, and president xi addressed the crowd, saying there are still many for countries in china. it has moved from trade driven to being both trade driven an investment. given our differences in the development stages, i would have issues, and for business cooperation, it is even broader. there are more opportunities in this respect. reporter: looking ahead, president xi jinping goes from washington state to washington, d.c., where, of course, he meets u.s. president barack obama, and they will have substantive conversations from bilateral climate change and human rights, and then they will have a state that are with pomp and circumstance, and a lot of people will be watching. bloomberg news. take a look at some of the other stories we are watching today. kong fashionong retailer again finds itself in the crosshairs of an activist investor. he says he hopes for an investigation into the report that the company may be the subject of a p

tim cook, jack ma, pony ma, bob iger, howard schultz, a long list of people. lots before he goes on to washington dc on thursday. then the united nations in new york on friday, saturday, sunday before he turns back. angie: what are the major issues talking about? stephen: i could probably name five and we would not talk about the -- we would not scratch the surface. trade deficit. at an all-time high. south china sea on a geopolitical and military front. china claims 4/5 of the south china sea. very contentious issues. climate change. we are leading up to the paris meetings. these are the world's two biggest commuters. cyber security one of the more contentious issues that mr. obama wants from mr. xi. >> china believes that china and the united states are the countries that should try to work together, work out the and ther cyber security spirit of equality, mutual benefit, and mutual respect. stephen: interestingly, "the new york times" is reporting that on the agenda is an arms accord-like deal for cyber security based on a updated u.n. code of conduct, if y

i think a lot of people in that room, which includes tim cook, bob iger, pillars of u.s. industry, will be listening to him for what he has to say coming up in a little bit of an hour from now. the ceo of ford motor's is also the head of the u.s. china business council will be giving a keynote, as well as henry kissinger who was nixon's national security advisor. also, secretary of state. he went to beijing in 1972 and met mao zedfong. that started the path towards normalization of relationships. howard schultz will also be giving a speech, the ceo of starbucks. a lot will be happening in that room. big names in the audience. toie: no doubt paying homage one of the world's biggest economic powers also vying to be a huge political power as well. we got this tension between china and the u.s. ahead of the state visit. what are the expectations surrounding all of this? stephen: there are a lot of big issues that were probably taken up on thursday and friday in washington. the widening trade deficit with china that the united states has which has been building up by about $1

the guest list included bob iger. tim cook, and facebook founder mark zuckerberg, earlier, the two world leaders met in the o value office where they agreed not to conduct or support cyber attacks. >>> this is cool, cnn is showing this from-on october 13th. now--in las vegas on october 13th. the next project is going be live with a vir yule reality head set, users can watch from the perspective of an audience member. >>> malala was on the late show with stephen colbert last night. >> of course, she is the 18- year-old noble prize winner and activist who survived an attack by the taliban. >> you have the [ inaudible ] in your head. is this your card? >> no. >> one of the tricks. okay. do you have one? [ laughter ] >> yes. yes. >> i am a professional. >> you are [ inaudible ] because i really believed you. >> she is funny, too. a documentary called he made me malala opens in two weeks. >>> well, some bay area start ups are seeing a chance to use waste watter to cope with the drought. rain dance strung up and they most c

that has become one of the legacies of bob iger. huge investment in the theme parks. looking forward to star wars land. betty: before my kids get to old, we have to take another visit to disneyland. olivia: you have to bring matt miller. betty: i'm signing off, olivia. olivia: don't go away. much more to come in the next half hour of "bloomberg market day." including the c.e.o. of draftkings. you can't miss that. ♪ this is a great place to work. not because they have yoga meetings and a juice bar. because they're getting comcast business internet. comcast business offers convenient installation appointments that work around your schedule. and it takes- done. - about an hour. get reliable internet that's up to five times faster than dsl from the phone company. call 800-501-6000 to switch today. perks are nice. but the best thing you can give your business is comcast business. comcast business. built for business. olivia: welcome back to the "bloomberg market day." i am olivia sterns. now for top stories crossing the bloomberg terminal at this hour. the passage of the i

bob iger from disney. ellen coleman, john chambers, all there meeting with the president of china. the list goes on. from the tech sector, you got tim cook, jeff bezos, satya nadella. howard schultz, not so much tech but one of those seattle companies, west coast. why is it so important for these guys to be talking to him today? >> they're doing robust business in china even though there is a slowdown right now. you have companies like boeing, announced a huge new deal. 300 planes will be sold to the chinese now. that is $3 billion, plus they're now investing in a new plant. boeing has never done that outside of the u.s. before. so it is a really big move. but i caution you to also think about who is not there among the tech titans. ceo of google is not there. ceo of facebook. interrim ceo of twitter. all not in attendance because their services are largely if not completely blocked in china. they're not able to do business there. that is coming on heels of president xi in a dinner with howard schultz that foreign companies are welcome to do business in china. there has been a lot

and disney's bob iger it was opening the next disney next disneyhe resort in shanghai in spring.king about his first policy address. among the major topics was cyber security. he was also talking about currency devaluation and the economy. a research survey earlier this year said that cyber spying, cyber espionage was one of the top three concerns of americans. back to this morning, we do expect that mr. xi was be speaking about 1:10 p.m. eastern . scarlet: the president will be meeting with president obama of the united states as well later this week. what is likely to be the top issue when they meet? >> right here in seattle we are talking about e-con. d.c., wect into -- in spent the do change to politics s.re it -- politics her china has claimed about 4/5 of the south china sea. that is angered a lot of their neighbors. they could also talk about climate change, looking at the paris talks later on in december. we will be trailing him over the course of the day. back to you. scarlet: thank you so much. ramy is on scene in seattle. betty: it is cold there. i can't believe winter

. >> pam: on the "powers that be" list.at number one.singer taylor swift.then bob iger with the walt james, rupert and lachlan murdoch of 21st century fox, news corp. >> pam: t-v's funny ladies top this year's forbes list of highest paid actresses. "modern family's" sofia vergara and "big bang theory" star kaley cuoco- sweeting banked more than 28-point-five million dollars each between june 20-14 and june 20-15. >> pam: both actresses benefited big time from contract renegotiations. this is vergara's fourth straight year at the top of the forbes highest paid t-v actresses list. - >> pam: we hope to see you then with the latest on the high temperatures and all today's news at 8t-v's funny high temperatures and all today's news at 8t-v's funny ladies top this what can i make for you? how about our new flavor-packed italian hero, loaded with three authentic italian deli meats. including our new spiced capicola, our new cracked-pepper-seasoned mortadella and our always-delicious spicy genoa salami. enjoy this amazing taste combination on freshly baked bread, toasted with melty provolone

>> it's starting. >> bob iger has overseen that company with such a drive and intelligence.orge lucas, i think in december when the movie is released, we'll be stunned by the numbers. >> tell about us the cover. >> this is the first time we have ever had a businessman on the cover of "vanity fair," mark zuckerberg, 31 yearsoles. he was number one on the list five years ago and number one again. when he was number one five years ago, it was really because he founded facebook, now it's because he has managed the company and done such a good job at managing it. >> the ipo comes out, it chances. they figure out how to do online advertising on phones. it's exploded. >> also, when you think that last month, during one day, one billion people were on facebook. that's one in seven of the world's population. that's stunning when you think about it. he is connecting the world. he's been talking about that, but he's connecting the world. >> and what you can do with that. what a difficult diva he was for that shoot, too, right? >> no hair, no makeup. no wardrobe. in and out. you got it.

bob iger has three feeling pretty done good about disney's movie properties given what pixar and marvel going to be the big first title for the lucasfilms purchase. >> i'm sure he does feel pretty good, but it is just not movie titles. they have exploited in so many and marvelf pixar and will be for lucasfilms. he has done an exceptional job and focusing on big things. he goes for a few big things, then he really executes beautifully across all platforms. watch this online to streaming, using their maker studio people around the world. in sydney, australia and tokyo with kids and wrapping these toys from star wars. >> half a million people have watched it. that.i did not know stephanie: "frozen" is all about six-year-old girls. "star wars" 50-year-old men. erik: talk about how disney is going to trade on the fact it is disney and not dreamworks. they can do things that dreamworks, for example, cannot. >> it is the immense's franchise value. it is the films that translate into the merchandise. it is the tv programming that follows on with that. >> the theme parks. >> don't forget, over t

bob iger, we could see ad dollars are going somewhere else. that is a company like facebook. see it in the numbers. $3.8 billion in total ad revenue. that was up 55%. up 74% in mobile. those are compelling numbers. on the surface it looks expensive. growth rate matches that pe at 32. 32 times, i think it's an attractive name. >> facebook, unitedhealth. chris, what about you? >> when i think about safety, what i want in times like this, i want something maybe the market's maybe overlooking. that is a company like williams. williams is a natural gas mover. they consolidate and move natural gas around the country. i think the market is way overselling this and discounting its growth potential going forward. 5% dividend yield gives you a lot of safety. other areas i think are great for safety are when you can buy marquee brand names for discounted prices. that's both walmart and apple. both of them well off their highs. if you can buy apple for a 12 pe, that is a tremendous time to step in and buy probably the strongest brand in the world. >> we are hearing stocks down for sure,

bob iger is buying all the shares. but this piece is the type of piece i find quizzical. $6 number in 2017. why would you sell it here given cash flow generation, star wars. if that's the case what is the rest of tv like? what is the rest of tv like? >> this week goldman sachs media telecom conference begins not far from here. i'll have a lot of these guys. >> viacom. >> time warner. >> certainly trying to answer these questions about what's going on in they're industry. >> do i need go there or can i watch it on netflix after? >> maybe you can download an app and watch it on your phone. >> i don't think you need go anywhere or do anything. >> they're talking about 3.5 million skinny subs by year-end. 2.5 million without espn? >> i don't know. as a great concession to the wife, i said i'll watch princess prid bride, netflix wasn't on in italy. but we paid 4 bucks to rent it on amazon. >> they're still making money on that movie? >> one of the best movies ever made. >> it is great. my father -- prepare to die. >> what's on mad tonight? we have tom pike of quintile and fogo

what a lot of folks like bob iger said, traditional bundle as a package looks good once consumers trystart piecing together their own version of the bundle without that traditional tv piece. >> that's it. here is your 5,000 option 0s. >> how did i watch tennis last night? on my ipad. >> no, you didn't? >> i did. >> because you had to? >> it was the marie anderson match and something else was coming on television i wasn't going to watch so i went to my ipad and streamed it at that point. >> brave new world. >>> julia boorstin, thank you very much. >>> let's stream our cnbc news update with sue herera. >> here is what's happening at this hour. kentucky county clerk kim davis has been released from jail. the judge who sentenced her for refusing to issue marriage licensees to gay couples ordered her not to interfere with future marriage licensees. her lawyer though refused to say whether she will comply with the judge's order. >> secretary of state john kerry discussed iran with israeli prime minister benjamin netanyahu. >> republican presidential candidate marco rubio campaigning in new

among those in attendance, disnis's bob iger, warren buffett as well as dow chemical's andrew liveris with michelle caruso-cabrera. michelle? >> he just walked out of the meeting sitting right here with me right now. tell us everything. >> everything. >> joking. what did the president say that was noteworthy to you? >> so noteworthy to me personally and the ceo round table, the speech he gave last night, he went into granularity which means the u.s. economic relationship with china matters. that he's here to talk about issues such as the cyber issues. he's here to talk about intellectual property, here to talk about in essence the beginning of a trade in investment treaty between the two countries. elevating china to a domestic economy that has high value solving their issues and there are substantial issues around food safety. the climate change goals they share in common. meat and potatoes stuff but important stuff to u.s. companies that do business in china. it means market access and fair rules and transparency and rising boats lifts -- tide lifts all boats. similar standards. >>

he's going to begin in seattle to meet business leaders including tim cook, bill gates and bob iger.nd then to washington with an official state visit. he is defending the leadership of the chinese economy. he promises that slowing growth and market swings won't stop needed reforms. meanwhile, he is calling on china to keep it's economic commitments. he says beijing should set it's sights on policies that will further it's reform agenda such as targeted agenda and they should be subject to upward pressure that would drive the currency up and not just down. we'll see what he says out in seattle to the ceos and what they're looking for and then of course what the president says to him when he arrives in washington. >> they're not, the pope and the chinese guy -- >> everybody hanging since they're in the same place. a little cocktail party. >> pope does love communists, too. i don't know, they're here at the same time. seems like they might run into each other. >> this is some incredible ignorance. in cuba they practice communism but there's a lot of religious people there. >> now but f

bob corker ♪ ♪ mr. dennis is the david taylor ♪ ♪ the honorable saudia sotomayor ♪ ♪ mr. walker and mrs. spencer ♪ ♪ mr. robert igers david rubenstein ♪ ♪ mr. hastings ♪ ♪ ♪ ♪ ♪ ♪ mr. james murray ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ the honorable dianne feinstein ♪ ♪ >> the importance of tonight's dinner is to welcome a the president of the largest country in the world. the pacific rim is the largest center of trade and commerce in the world today. working out a good relationship with china. >> [inaudible] >> i am delighted to be here. ♪ ♪ ♪ ♪ ♪ ♪ >> son the the menu items his wild mushroom soup with truffles and may lobster and for dessert poppyseed bread and butter pudding. chinese items is a wine is served with soup and sorbet part of the dessert course ♪ ♪ [inaudible conversations] ♪ ♪ >> the honorable brent scowcroft. >> how many state dinners had you been to? >> i do not want to do even count. [laughter] ♪ ♪ . . [inaudible conversations] >> an update, the chinese president is scheduled to arrive in just a few minutes and president and the first lady will be greeting them. [inaudible conversations] . >> we are going to move now.