disney shares are down about 4.5% the call just wrapped up let's go to julia who is live with bob chapek. >> bob, thank you so much for being here straight on the heels of your run, glad to have you here. >> nice to be here >> the numbers were smaller than the 9 million analysts were anticipating and concerns about how you will get to the long-term goals over the long-term, how are you going hit the numbers? >> we reaffirmed our guides of 230 to 260 million households. we believe there are two drivers, the first into new markets. we will double the markets that disney plus is in in international territories by 2023 and the second part will be fresh content across our wonderful disney franchises. >> a question as you think about investing more in local language content. that was a big piece of news do you anticipate being able to rise prices internationally? international has lower domestic users. >> we are making a substantial investment in local content. he we do believe he would offer a tremendous price value to consumers around the globe all of our research indicates that as such we t

night we knew that the streaming was going to be under some pressure and they clearly were and bob chapek clear about that and they thought he was sandbagging and the reality is 2 million subscribers and that has slowed down and there is saturation there. i think what i've been waiting for, first of all, we talk about p-es all of the time you talk about forward p-es and it used to trade in the teens and it jumped to 24 and now for whatever reason everyone's willing to accept the company trading at close to a 40 p-e for their forward, and i think that was part of the issue that i had when the stock was trading call it closer to 185 and up to 200 as it was falling back, i was waiting for these kind of days where it's a flush day, everybody wants out. we've seen this move and it's down 7% or 8% and i think that's a good opportunity and i heard this to maybe enter. what i really liked about the quarter is they are going go international in a much bigger way with the streaming and i think you are saturated here in the united states or north america and you have plenty of room to the outside wo

to get to that, bob chapek basically says don't worry.will expand disney+ to new markets and have a new slate of content that should help them achieve that number. but this is a company now running a huge loss in that direct to consumer business, and that is a bigger concern here as well. that loss was much more severe than what the street was looking for. bob chapek made it clear they will have to do a lot more to achieve what they want to achieve. then there's the balance of the parks. that is what was supposed to help them. they had a much smaller profit than what the street was looking for. a lot of that because of concerns going on in their international business, the idea that some of those international parks did not have a smooth reopening as the parks in the u.s. this is a company really being battered now by slower growth and rising costs. we will see how this all shakes out. tesla up for a second straight day. confirmation that elon musk did sell some of those shares. keep an eye on the put call ratio here. that has been creepi

don't miss an interview with disney ceo bob chapek.rs. results from affirm and sofi both surging on their results. affirm is now up 23% >>> plus, airbnb's on the outlook for travel demand and whether inflation fears could impact vacation spending we'll be right back. thanks for coming. now when it comes to a financial plan this broker is your man. let's open your binders to page 188... uh carl, are there different planning options in here? options? plans we can build on our own, or with help from a financial consultant? like schwab does. uhhh... could we adjust our plan... ...yeah, like if we buy a new house? mmmm... and our son just started working. oh! do you offer a complimentary retirement plan for him? as in free? just like schwab. schwab! look forward to planning with schwab. >>> the honest company also just out with results with rahel solomon. >> this is the baby and beauty company founded by actress jessica alba results were in line or better than expected. eps came in at a loss of 6 cents. that pretty much was expected. shares

with this issue about its offerings >> well, look, disney plus had been growing so quickly and bob chapekth in this quarter, the fiscal fourth quarter, would be in the low single digit millions. analysts are anticipating it will be like the addition of 9 million disney plus subs so we have to see how it shakes out. that will be in focus. other areas to watch include the theme park division, how fast that division is rebounding and what the sense is of how much the rebound is going to continue into next year and then also, of course, sports disney has spent so much on sports, are they going to be investing more and what is their plan in terms of espn moving more of the rights on to espn plus, kelly. >> delano, what is the trade here >> i think the trade is to hold. as jewel yu mentioned, the big things investors are looking at is theme parks and experiences growth to offset the slowdown in growth in direct to consumer that's what i'm looking at you saw them stating they're seeing stronger demand, so it might be an area where investors can hold their hat on. if the numbers start to increase

that was in line with the slowdown that ceo bob chapek warned of but lower than the 9 million.ney plus is on track for the 2024 subscriber targets which he said they will hit in part by investing in local and regional content. he also said he sees the potential to build the streaming platform into a metaverse. >> well, my vision is to use disney plus as the platform for the metaverse. i think it really blends our physical beings and our digital beings and creates a three dimensional canvas for our creative storytellers to paint so that we can create experiences that otherwise would have been defined as it's a park experience or it's a movie experience or it's a book experience i think those all come together without boundaries, without borders, without constraints and our creatives are biting at the bit to get into the disney metaverse. >> metaverse is the hot topics this season. three quarters of analysts have a buy rating on the stock but a couple of cautious notes were out this morning moffett with the neutral rating writing, quote, we wonder if disney plus is too narrow a p

thank you guys >> speaking of streamers i'll speak with bob chapek tonight at 5:30 p.m.t money. we'll dive into that intervau tomorrow on "techcheck." >>> bitcoin hitting an all-time high today "techcheck" is back in a moment. >>> meta announcing its integrating its facebook workplace product with microsoft teams. as part of this partnership, users of workplace can share information inside of microsoft teams without having to switch between the two apps the companies also adding the ability to stream teams meetings into workplace groups by next year head of product for workplace telling us that they're responding to customers who use both products and want them to work together. >> both microsoft and meta and workplace specifically, we both believe that we need to, as being leaders in this industry, we need to make our tools work together in valuable ways and innovate together. >> i asked if meta is focused on driving the growth of workplace because of all the criticism and challenges at its core apps around misinformation as well as the negative impact on teens >> we ha

the extreme downdraft in disney is about the mechanics of money management, not the management of bob chapek company, not the fundamentals of the company. think about the process of wrath, and once the process runs its course, you'll have a terrific entry point with the stock of walt disney, the profits of wrath await you i would like to say there's always a bull market somewhere, i promised i would find it just for you right here on "mad money," i'm jim cramer, see you tomorrow, "the news with shepard sm smith" starts now. >>> grilled by the prosecutor. a man charged with murder takes a chance to save himself from prison i'm shepard smith. this is the news on cnbc >>> the most traumatic event in my life. >> one of the men accused of chasing down and killing ahmaud arbery what prosecutors got the defendant to admit >>> boosters for all adults on the verge of fda authorization. >> for folks who are at least six months out from pfizer or moderna. >> is this what m. needs to fight back a w

but they had lots of content this is bob chapek making a decision, we want to go back to movies versus their movies directly on to streaming on hbo max so it's the executive decision-making the content is there. if there is a regular cadence, yes, that will lead to lasting subscribers to answer your question. >> if are you comcast, would you go ahead and pull the material off hulu and put on peacock at the the potential of making hulu what do you do >> we have been begging comcast to end the partnership disney should buy them out this is a mess for disney running three service, comcast is going to get paid 15, 20 plus billion dollars for ending that partnership. it's not about pulling the content. this whole hulu thing needs to go comcast need to focus on peacock and disney on its three services, the sooner the peter >> happy thanksgiving. appreciate it. >> happy thanksgiving. enjoy the turkey. >> you too. >> when we come back, signs of supply chain progress at southern california's clogged ports. we will talk to the executive director of long beach we will talk to kelly strick el -- s