. >> and so the guy who did that interview is alex sherman who is sitting right over there, and he is steeples ceo ron crashefski who is sticking around, and now, talking about the video cast, and what you were trying to get out of nba commissioner adam silver with regard to the game >> and excuse me, my voice is sore from talking to adam for so long, and we talked a lot about the future of the game that was that part of it, and it was sort of like, you know, is parity better than dynasties? how do you fix the salary cap so we can have an intended result or is that something that the commissioner can even do we talked about the media rights deal that the nba had, and he lamented to not being able to come to a deal with warner brothers and discovery to have a 10-year partnership with warner media-discovery, which is ending assuming that the pending litigation, as they are suing the nba to potentially get in there and have a media package deal, and we will see how it bears out, and that is what i thought was very interesting adam silver talked to me about how national politics and the n

. >>> up next, nba commissioner adam silver sitting down with alex sherman you'll hear what he had to about sports betting after the break. you founded your kayak company because you love the ocean. not spreadsheets... you need to hire. i need indeed. indeed you do. our matching platform lets you spend less time searching and more time connecting with candidates. visit indeed.com/hire (man) look at this silly little sailboat... these men of means with their silver spoons,th candidates. eating up the financial favors of the 1%. what would become of them when they discover robinhood gold allows others to earn their very liberal rates on idle cash, unlimited deposit bonuses and handsome retirement matching? they would descend into chaos. merciless chaos. >>> welcome back the nba season officially kicking off earlier this week, nba commissioner adam silver sitting down with cnbc's alex sherman today as part of a cnbc sport videocast. alex, there he is. he joins us now with the highlights what did he tell you >> you know, about ten years ago, adam silver wrote an op-ed in "the new york tim

. >>> tomorrow don't miss a cnbc sport exclusive video cast, alex sherman sitting down with nba commissionerlver we're excited about that we're getting news out of the cfpb steve kovac has that for us. >> scott, i just got a statement from apple responding to that fine that was levied against them by the cfpb earlier this morning related to the goldman sachs and apple card let me read you the most relevant part of the statement they say, quote, upon learning about these yad vert ent issues years ago apple worked closely with goldman sachs to quickly address them and help impacted customers while we strongly disagree with the characterization of apple's conduct, we have aligned with them on an agreement, that agreement of course is a $25 million fine, pocket change for apple, but this was related to things at cfpb said about the apple card promoting interest-free payments for apple products and also customers having trouble when they had to dispute a charge and getting their money back between goldman and apple, that's what this was related to again, shares of apple down 2% but mostly off of

. >> alex sherman, talk to us about disney, you're reporting on the succession plan >> reporter: bige news number one is that mark parker, the longtime disney board member and nike executive chairman, will be stepping off the board as disney's chairman and will be replaced by james gorman who just joined the disney board last year and has been more recently been running the succession committee mark parker will leave and likely focus more of his time on nike which has been struggling the second piece of news is it disney formalizing it will name bob iger in early 2026 that is later than what disney targeted based on my own reporting which was some time likely in the early to middle stages of 2025 it gives the board moore time to potentially name a successor to bob iger we'll have to wait longer until we know who the heir apparent to bob iger is as disney's ceo. >> diana olick, tell us what's going on in the home builders today? inguess it has to do with rising yields >> it's not rocket science the average rate jumped 14 basis points this morning, and it's now 71 basis points higher t

cnbc media and sports reporter alex sherman joins us now with more good morning >> we have some breakingng this morning that they are buying three different businesses from endeavor -- three sports-related businesses. they are pbr, the professional bull riders league, on location, which is a hospitality luxury hospitality business for big time sporting events, and also img, the media rights business all three businesses and all stock deal for a total of $3.25 billion. because it is all stock, tko is already majority owned by endeavor, so this means ever defe endeavor will own even more. >> how much of this is moving around, shuffling pieces as opposed to a true -- >> so, take a step back, silverlake is taking endeavor private. silverlake wants to divest assets they came to the tko board, i'm told, and said, hey, we are interested in selling, what would you like to buy, how about these businesses tko looked at it and said, that makes a lot of sense for our company, they devised a special committee, the special committee recommended it to the board and here we are. >> but tko, how much doe

alex sherman joins us now with more. hey, alex. >> so two pieces of disney breaking news right now.fter nine years and he will be replaced as chairman of the board by james gorman. the former ceo of morgan stanley. that's piece of news number one. piece of news number two, disney formally saying it will announce bob iger's successor for ceo in early 2026. that is later than what i had previously reported disney targeted a date of where they were looking at 2025. this will give the board more time to make a robust selection of a new ceo for bob iger. this was a big issue, you can remember when nelson peltz took the stand he pushed the idea of succession hard. disney has struggled with it. i apologize for the dog in the background. but this gives even more time for the company to make a new ceo, so early 2026 will be the new ceo candidate. january 2nd, 2025, is when mark parker will depart the board. he says in a release that has been issued by the company he's going to focus on other areas. i'm told that is nike related. a lot of struggles with nike naming a new ceo by itself. >> hey

joining us now with more is sports reporter alex sherman. good morning w hey, joe.ee you. >> like wise. >> what do you think? >> look, i think there's no better proxy for the state of american media than espn. i mean, it has been the most successful cable network in many ways, certainly the largest by revenue. it has been walt disney's crown jewel. and it really speaks to the state of the transition of media because really up until now streaming launched as additive, at least initially to the cable bundle. that's why everything is called espn plus, right? that's what the plus stood for initially. buy cable but also buy this. >> cnn plus. never mind. never mind. >> that was the thought. now we're at a mode and it's really going to be highlighted by august of 2025, which is the tentative date that espn is going to launch its flagship, that's what it's calling the code name for this all-everything streaming service. so espn is last in the game to launch a streaming service giving customers everything. why is that? because this product is meant to be in essence a replac