chapek today because he didn't want to make the comments about some of the other things that inhibitedney's bottom line profit as well as revenue, but the revenue generator is still there marvel, star wars, the theme parks, cruising, espn and the potential there for that gaming or gambling. i think it is all huge for disney and now the metaverse certainly could be, as well, but those others are here rid now and it's just a question of getting us back open, around the globe because it's not just a dommetec play. to to pete's point, the domestic streaming with the help of verizon for those that decided to get into that room that way and now it's about international expansion. >> let me ask you this well me ask you this are you prepared as an investor if disney needs to spend a lot more money than you originally figured they might as the analyst community is weighing in on today that has a materiel impact, of course, on the bottom line which could impact the direction of shares certainly in the near-term after what had been a tremendous run off of the lows for the stock say they are going

million that analysts were hoping the company would add on the call which is happening right now, chapek says they are focused on long-term numbers, not quarter to quarter he said they are still on track to get 240 to 260 million subscribers. he said they are continuing to invest on content. they originally said it would be between 8 and 9 billion by 2024. they said it will be more than that they said they will be focusing on local content as the primary contender. and he said they are seeing many opportunities ahead for sports betting. espn plus was an area of strength, adding more subscribers than expected and they havehigher average revenu peruser than anticipated he said this is their opportunity to interact with people in a metaverse world. usd he said this is their opportunity to interact with people in a metaverse world. >> i want to know if there will be a disney world in the metaverse. you have to ask him that >> i am sure there is. >> do you focus squarely on the miss in disney plus? >> bob chapek, as much as we talk about disney connecting their worlds, right now it's about th

but i asked chapek about that.said, in fact, that promotion had been planned for quite some time tomorrow is the two-year anniversary of disney plus so this had been in the works for a while. he said their churn numbers are actually quite strong, guys. >> that's a bright spot. investors focus on this digital piece, ddc, disney plus over the last 18 months but tlchs encouraging stuff in the reopening story, theme park revenue doubling, return of live sports and four box office hits this quarter >> yeah. a lot of different pieces of that interestingly one of the reasons the operating income was so much lower than anticipated is because this was the first full quarter that you had every single one of the parks up and running and that did mean more operating costs. so i think that was one factor weighing on the bottom line. but he said that when it comes to bookings, books are looking very strong going into next year and also they found that people are using some of the new technology tools they have this new thing cal

that's where chapek came from. that's what he was running they do have sort plans with apps, weighing to player your entire visit >> how about the salesforce -- >> better pricing and galactic star cruiser, march -- >> a new hotel. >> i'm urging people to sell it. >> what? >> get out get out. you don't deserve to be in the next leg up. >> i got it. >> i'm calling them out. i'm saying they're short-time thinkers. >> like the people who sold sofi at 17, affirm at 67. max came on and said, do you still believe in me? >> yeah, we will get to affirm that's been quite something. >> arrive arivian is now on toph gm and ford. the fifth biggest u.s. ipo of all time jim, bebind baba, facebook, uber and at&t wireless. >> exciting. i think the story is the untold number of the sustainability officers at amazon who basically -- who's ever thought of this before can you imagine a company that's produced 156 vehicles and they have orders for as many as they can make for amazon? as many as they can make you're looking at a market c

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

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

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

oh, that happens from time to time i should tell you that we'll hear directly from disney ceo bop chapeke'll be on "fast money" around 5:30 eastern time and he'll tell you more context around the quarter and obviously the outlook for the month ahead. let's take another quick break and 'lcowel me back and give you rivian's first trade along with pete's unusual activity and all of that coming up next and you could fearlessly face the unknown. (kids playing) you still can. ♪ ♪ (blowing dust) when you have a rock you can depend on for life, you'll be unstoppable. that's why over 5,500 companies rely on prudential's retirement and workplace benefits. who's your rock? in business, setbacks change everything. and so get comcastits. business internet and add securityedge. it helps keep your network safe by scanning for threats every 10 minutes. and unlike some cybersecurity options, this helps protect every connected device. yours, your employees' and even your customers'. so you can stay ahead. get started with a great offer and ask how you can add comcast business securityedge. plus for a limi

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

. >> you can find more from my interview with chapek and the impact on supply chain constraints as welleleases on cnbc.com >> so we have been talking all morning about whether the really the move in all of streaming and the valuations assigned to it, the amount of money that's been poured into this space ultimately is going to make sense and whether this is now raising questions about that >> reporter: women, i don't know if this is going to raise questions about that, if they do, in fact, hit those long-term targets. i think one of the factors at play this past quarter is that because of the pandemic, there were production delays those production delays meant there was less new content on disney plus and they rely on that new content to draw new subscribers, if this quarter really was the result of pandemic interruptions, then i think that the company is on track and this is a company that's transitioning from being a linear company to a direct-to-consumer relationship. to me it comes down to that question >> okay. julia boorstin, always good to see you. thank you. becky. >>> when we c