bob himself as a journalist by trade. and 38 years worked for the huntington herald a dispatch in huntington west virginia where he currently lives. he has a ba and ma from marshall university. while he was in college he worked summers for the railroad. that actually is how i got to know, bob. i interned at the museum in baltimore, maryland. mutual interest and admiration got us together. i welcome bob and i will begin the presentation now. one other programming notes, so understand all presidents use trains to travel around and still do on some occasions. we picked seven presidents because of some specific issues they encountered or specific milestones that are associated with their presidential train travel. at the conclusion of the stock are going to end with a couple video presentations from the george h.w. bush funeral train courtesy of union pacific so please stick around for that to think you will enjoy that very much. there are three main i guess pieces of presidential train and travel the campaign which is prime

at disney bob chapek is out.e with the details. >> good morning, joe this comes about a week after chapek announced cost cutting and it comes five months after the board extended chapek's contract for another two years it's been 11 months since bob iger left the role of chairman at disney. the company saying he has a mandate from the board to set the strategic direction for renewed growth and work closely with the board to develop a successor to lead after his term take a look at disney shares premarket. they're nearly 10% higher on a bullish analyst response to this news disney shares had fallen 31% since chapek took the helm in february of 2020 that was right before the pandemic shuttered disney's biggest business, the theme parks. chapek faced criticism in august 2021 for mishandling talent when scarlet johannson sued over "black widow" going straight to streaming. earlier this year he faced backlash for his handling of florida's so-called don't say gay bill he's been questioned for the departure of top execut

if bob eiger, this time has a better hand fighting a successor. and i mentioned that this is one of the biggest media conglomerates in the world, k j. can disney afford to gobble up any more competitors out? a probably not right now, and i slow down and just really i stopped the hemorrhaging. i think one interesting thing i want to point out before we go here is that read hastings ahead of netflix tweet out, you know, he was disappointed he'd hope bed above either was actually going to run for president and he liked them so much. so it's interesting to see editor like netflix, kind of joking about miger is, is coming back. so it'll be interesting to see what he does. he's got a lot of work ahead of him, not just fixing the company currently right now, but also setting the stage for his predecessor to come in to make sure that they don't make the same mistake they did with by changing exactly not that we landed the exact same place we are in 2 years from now. katie matthews. thank you very much for timing it against quarter out guy on bull street.

bob eiger got contacted last friday, and bob per chic didn't learn about being replaced by sunday. so here in the monday session, the disney stock was up by a good a 6 percent. was that by far the biggest winner in the dow jones industrial average . and we're talking about a one and a half $1000000000.00 streaming loss in its last quarter, k j can, i guess safe, disney? well, i got to do was look at the stock price going up overnight. once it was announced that biter was going to come back to disney to lead it already. it's just symbolic . and the message that he sending is that he's here, he's going to turn a ship around at a time when they so desperately need it, because they really are losing the streaming wars out there. so even if it's symbolic, the very fact that you had that small increase overnight in the stock says a lot about what he's going to do with disney and how positive that is having on the stock market for turning the shipper out. i guess that's going to mean a rowing against the current. they're gonna have to be job cousin and severe job cuts when you say absolut

if bob eiger, this time it is a capable of finding a right successor, obviously of were so bob at epic that has not really worked. and the magic that's been a lot of opposition. wisant the company against bob ha picked are we here for example, that the currency of all was not too crazy about him. and then also there are clearly a couple of tendencies that even bob eiger cannot to influence. for example, that receive an over all a slow down when it comes to m at a revenue. but bringing everybody on board to saw a, to a, to get a walt disney ready for the future. and i believe 2 years could be enough. if bob eiger, this time has a better hand fighting a successor. and i mentioned that this is one of the biggest media conglomerates in the world, k j. can disney afford to gobble up any more competitors our day? the interesting thing i want to point out before we go here is it read hastings ahead of netflix, tweet out, you know, he was disappointed he'd hope bed above either was actually going to run for president and he liked him so much. so it's interesting to see editor like netflix, kin

means new bob is now old bob [ laughter ] and old bob is new the new bob.h coca-cola when they switched the formula, and now we're back to bob classic, i guess. >> he got that from kara swisher, called them bob one and bob two. >> that's right. >> wasn't there a new coke, coca-cola? >> clear pepsi. >> i was alive. kaitlan wasn't. >> so, it was new coke, everybody hated. but at any rate, thank you, jimmy kimmel, for expressing exactly how i felt about this. i'm like, what the heck is going on. front/back, i hear that a lot of disney executives were at the elton john concert. >> when they found out? >> when they found out. and he was supposed to introduce elton john, didn't happen. disney stock jumping 6% after the big announcement that bob iger will return to disney as ceo. retakes the reins from hand pickeded bob chapek. our business correspondent rahel solomon is here. hello. >> hi. >> one day, the stock is up, this is what i say, disney is making big changes. there are certain people met for certain jobs. >> yep. >> and he is one of those people, he was b

bob chapek is out.bob iger into the role the move marking the end of the three-year tenure by chapek. facing a number of controversies and sagging share price. those shares down 30% since he took over in february of 2020 right before the depth of the pandemic bob iger says he is thrilled to return and optimistic about disney's future. disney's board says iger will work as ceo for two years in a bid to set a direction for renewed growth and work closely with the board to find successor. for more on this, let's bring in alex barker with the financial times. alex, this is a shock only because we thought bob iger, he has been iconic and associated with disney. why turn back to him in the absence of bob chapek? >> my colleagues on the platform say it is return of the jedi it feels as big a surprise as that disney is about magic. it always has been bob chapek got the theme parks running, but never had that special touch that a ceo needs sometimes. you could feel the loss of confidence around disney within his

julia has the latest on disney as shares surge on news of bob iger's return. we'll discuss that in a moment plus, more from crypto's man of the hour, disgraced ftx founder sam bankman-fried as he sits down with cnbc for a rare one-on-one, and sharks continue to circle the waters more on what to do with apple ahead of the holidays plus the chi china tech names you may be missing out on a big show ahead, markets start off on the weaker side the nasdaq down about 1% >> we have to start our feed with one of the stronger stocks because of the news out of disney, shares are popping, as former ceo bob iger takes the reins at the company effective immediately again, and bob chapek heads for the door. our julia boorstin joins us now with the latest. >> well, jon, i'm hearing iger has alreadier started to do virtual meetings and phone calls with executives starting first thing this morning and the creative side of disney in particular is thrilled with this change one source telling me that there is great hope that iger will restore a vision that prioritizes creativity o

chapek -- bob paycheck there it is.ob chapek to go it's time for chapek to go >> you really believe that >> no, i wrote this in a complete -- in a moment of fiction. okay, he's an nfl coach, okay? it's a disaster. we keep him because, what? it's a rebuilding year >> listen, you know, when i -- ♪ >> disney making a big switch, bob chapek is out as ceo bob eiger, of course, is back on the top job. good monday morning, welcome to "squawk on the street," i'm david faber along with jim cramer we're live from the new york stock exchange carl has this morning off. let's give you a look at futures. shortened week no trading thursday. there it is. i guess i -- i don't know what i would call that, jim, a mixed open nothing. i don't know >> mixed open. yeah mixed open but that's all related to china, which is enough already. do you think china wants to be in a depression? do you think they want a recession, china she? >> we got talk about that. you did market response this morning, big news out of disney, 10:00 last night, bob eig

iger to run disney can he do what bob chapek apparently couldn't? one top economist says ig not most the the noise and china's zero policy for covid not working. will they ever change a policy that's keeping people nearly locked up and their economy nearly locked down before we get to all of that,dom, what are you looking ago, my man, besides your 49ers playing tonight in mexico city. >> where it's forecast that 89% listen 49ers fans. red on the screen today, but just marginally so fractional losses so far about 0.2% to give you -- i'll call it up 118 points or thereabouts, the lows down about 186. there's the trading ranges so far. drifting between marginal ---ant gains and losses s&p 500 still below 4,000. half of 1% losses there. 1.25 losses for the nasdaq, hovering right before the 11,000 market one of the stories that was affecting a lot of markets today was something that happened wrap to china and the slowdown. that was having a negative effect on oil. that was exacerbated by opec plus, they might look to increase production. that was quickly

when bob iger started he was not bob iger either.here's a history of people having to grow into their roles and that's the question who can grow into this position. no one is bob iger. >> two years is not a long time to grow into anything. if you don't already have the pieces in your resume to take over from bob iger minus maybe one more piece, in two years, are you really going to be able to get it? isn't part of his role to elevate other people to the point where among his leadership team investors, employees, others, have confidence in them and we stop hearing this there just aren't any other bob igers? >> and that's the thing. i would say just remember bob iger was not bob iger when he started 15 years -- in his 15-year reign as ceo dana walden, the reason people are pointing to her, she has the creative chops and good relationships with talent and well respected and also could be put into a position now maybe as part of this restructuring, where she would have more of a business role as well. i do have to note, you said they won

disney enjoyed a remarkable run under bob iger. the period under bob paycheck has been choppy.ome of that is macroeconomics. but there has been a perception that perhaps he was out of his depth, that he was not the right person for the job. as for the of mechanics, bringing iger back in, that is something we will have to dig into. alix: lucas, we know that nelson opposes this. do we know what kind of conversations are happening right now? lucas: we do not know the particulars. dan loeb had taken a stick in disney earlier this year, chapek had appeased him with some changes. it's not clear what nelson wants. but it seems that bob iger is an island in terms of opposing iger. guy: lucas, bob iger has done a lot over the years. he has built this business up. he is well known for his sappy skill set. but is he a cost cutter? is that the challenge he faces? lucas: his greatest the compass matt has been turning disney into the creative powerhouse that is the envy of every other company, acquire lucasfilm, marble and others. he has had to consider costs. he low ceo during the great rec

why has disney brought bob iger back?here is no surprise that the ceo who has just been ousted has not been doing well. disney had a rough well. their streaming platform is looking shaky with enormous losses. their stock price is down 40% in one year, which is the most since the 1970's. it is not a surprise. bob iger was a very high-profile, very successful ceo. to some extent, turning to bob iger it speaks to another problem disney has, which it does not have that bench of leadership talent. it does not have that bench of succession. that is one of the things people will be looking to bob iger to fix. tom: that was a key question towards the end of his reign. who is going to replace you? they kept extending his contract. what are the challenges that iger is going to face now that he is back in the hot seat? rachel: exactly, and i think the immediate thing people will want to see firm iger is a stabilization of disney's most important businesses, theme parks and the streaming platform. we know the streaming platform is ve

disney and the return of bob iger after bob chapek departed that stock opening up 8%. i'm joumanna bercetche that is it for "street signs." "worldwide exchange" is coming up next. >>> it is 5:00 a.m. at cnbc global h5eadquarters. here is your top "five@5." breaking overnight disney ousting bob chapek as ceo and bob wiiger takes the spot of the. >>> and china sparking fears of restrictions and lockdowns with covid deaths. >>> aftx exposing the billions t

can bob iger do anything to change that. he can cut spending. will you have the content needed to have that streaming service. >> acknowledge that it's a loss leader, and tom is going to come on i'll let him discuss that. he's a robust 71-year-old guy, soon to be 72. looks like he's in his 50s dan mentioned,he was the architect of so many great things my sense is instead of trying to fix things that might be unfixable. he'll trying to figure out ways in new world i think he'll succeed. the question comes down to, and tim alluded to this, as did courtney, do you want to be short a stock that's trading, which is historically cheap itself a stock that traded down on november 9th we saw it march 18th, 19th, 20th of 2020. and has some up side now with him back in the role so i'm not saying you necessarily have to go and buy with both hands. if you have been short enjoying the ride down, you'll absolutely have to cover, given the news we just heard. >> you're not sure and you're not in the stock, would you buy here, tim. >> i think the evaluation is c

that ends bob chapek's tenure. >>> bob iger's to-do list is a long one they saw widening losses in the streaming business and announced cost customers and hiring freeze janice min is. there's a buy rating on the stock at a 130 a share price target janice what went wrong with mr. chapek >> i think the better question is, what went right? i think we saw signsearly on that he was not great in a crisis i know it seemed a little insignificant at the time, but if you recall, he had the don't say gay fiasco, he got into a fight with scarlett johansson, star of black widow. one of his big marvel stars. and he i think more importantly, he was not adepth with the town. anyone who works in holiday knows, it's clubby, it's chummy, it's all about relationships and it's a referendum on the streaming wars and everything it brought. this is going to be a tech-driven industry it's going to be data-driven relationships can go secondary to the algorithm and we're seeing with bob chapek, none of this worked and he happened to be riding the streaming wars right when hollywood discovering it's not really wo

bob: on u.s. policies on the use of nuclear weapons, i mention continuity and this is an area where there is absolute continuity or the obama, trump, and biden reviews all reject the idea that the sole purpose of u.s. nuclear weapons should be to deter or respond to the use of nuclear weapons against the united states, its allies and partners. all three administrations have decided that the united states needs to keep open the option to consider the first use of nuclear weapons in response to a limited category of nonnuclear attacks. the language they use is exactly the same, whether the extreme struggles is to defend the vital interest of the u.s. and its allies and partners, they use exactly the same language. before this administration began its nuclear posture review, there was hope, especially in the community and worldwide, that the u.s. would shift the so-called policy and the use of nuclear weapons. in january 2017, and his last couple of weeks as vice president, joe biden said that, in hi

but former ceo bob iger back at the hell. and his former hand-picked successor bob chapek out. did disney get here. there's that disastrous account that led for cnbc's jim cramer to call for a firing, watch. >> he's got to be fired. that's cut and dried. >> you're firing chapek? >> absolutely. absolutely. >> crammer can't do it, but disney can. last year, he came under fire for how he handled scarlett johansson's pay dispute by releaing black widow on disney plus. in march, disney was criticized for not speaking out against florida's don't say gay law. leading employees to walk back in march. and over the summer, disney made enemies by telling die-hard fans that profits would have been more had it not been for unattended mix. reporting on that, on disney and the move, we've talked about that on the other show about what this means, et cetera, one of your takeaways is nobody really looks good here. explain why? >> yeah, it's not that bob iger isn't the right person to lead this company. he certainly may be, and i think a lot of disney employees are very happy he's coming back. b

bob iger is back, bob chapek has departed the company. this is an amazing price chart.ook at the stock in the last two years and remind yourself of the story behind disney. disney plus lunch at the end of 2019. capac didn't even take the helm until the early stages of the pandemic in 2020, then you have the roller coaster ride with that share price rising mid 2021 and then falling away as being concerns over subscriber growth and how extensive the losses are for the streaming business. and the far right-hand side of your screen, bob iger is back as ceo, so much to digest with this story. caroline: we will be focusing on disney, but first and foremost, breaking news. bloomberg is reporting that general asset brokerage genesis is struggling to raise fresh cash and it is warning investors that it may need to file for bankruptcy if its efforts fail. it's all according to sources. sonali basak was one of the key reporters on the story. thus far, genesis is saying this is not imminent, but they have been trying to raise funds for sometime time now, right? sonali: remember the

maria: i mean, dagen, bob iger was ceo for 15 years. and then bob chapek takes over.on de santis after dishe a disney trit involved in parents not wanting crt in their schools for their kids. .da kids. dagen: that was one of chapek's screw-ups, one of many. i'll point out that disney's recent earnings announcement was a disaster that investors, wall street blind-sided by how bad the results were. one and-a-half billion dollars ins losses and its streaming division because of higher production, marketing and technology costs and even on the call he -- chapek sounded kind of -- he was talking about the great response to mickie's not so scary halloween party and he was warned ahead of the call to not sound so cheery, like hello, mouseketeers when you fouled up your earnings report. one of the most astonishing things, speaking to chapek's incapability of running the company, during the summer when they were talking about the theme park business, he referred to the, quote, unfavorable attendance mix at disney world, meaning -- he was speaking to people who have annual pass

let's start with bob iger specifically. lot of people are putting a lot of effort into his 15 years of service at the helm of disney. yes, he has had a good track record, but has he done it post-pandemic? i wonder how much of that is going to be an issue. >> it's a big issue because he was ceo 11 months ago. it's a much bigger story here than just streaming. i think some of the major shareholder activists are on him. disney has not back any stock since 2018. it doesn't pay a dividend. lo and behold, this has to be a blue-chip growth company, which it is not. in terms of storage of capital, bob iger's message has to be that we are going to make pragmatic decisions about all the businesses and certainly put our capital where we can get an attractive return back to shareholders. that does not exist with disney today. it's not going to be impossible for him to do that, but part of that will be shrinking their ambitions with video streaming. i see them with great quality portfolio, no different than warner bros., discovery, or p

which means new bob is now old bob, and old bob is the new new bob.t's the same thing that happened with coca-cola when they switched the formula, and now we're back to bob classic, i guess. and for us, it's kind of like finding out your mom decided to dump your step-dad to get back together with your real dad. is this making sense, guillermo? >> guillermo: perfect sense. a >> jimmy: if you see anyone named bob, go like this. >> guillermo: all right. >> jimmy: this is a big week for guillermo. the world cup is underway. it's your favorite event. >> guillermo: yes! >> jimmy: and i know europeans get mad when we call it soccer. but football is football. and that's not changing. and shouldn't it really be called "kickball" anyway? the united states tied their first game today against wales. which is good? i guess? wales is smaller than new jersey. one of the controversies surrounding this tournament is the games are taking place in qatar, which is a terrible country that shouldn't be hosting a major sporting event after they claimed all sorts of relaxed

bob chapek out, bob iger coming back again as ceo.ood move certainly in the pre- market look at disney stock up 9%. >> yeah, i mean, i've been on this show recently in talking about the fact that i like disney. i think disney was going to have a turnaround but i've been very, i've been slamming bob chapek since he's took over. i think he's made -- he's handed one of the most iconic brands in the world and he blew it. now, bob iger, whose been with the company for 40 years, ashley , 40 years, 15 years as ceo, he knows this company. he orchestrated my favorite take over which was marvel and pixar and lucas films. he's a brilliant man. a great operator. i stand behind, i have owned disney for 30 years, it was the first stock i bought when i started managing money and i'm happy to own it now and thrilled today about the move. ashley: i've got about 30 seconds, jeff, very quickly. a lot of the market, well certainly investors, are kind of talking about this so- called pivot from the fed, that they may start slowing things down with regard

bob iger had years as a ceo to choose a successor.him coming back, bob chapek didn't even get a proper good-bye. to do that process again and choose another successor is pretty outstanding to me. especially given the fact that bob chapek's contract was voted on by the board to be extended just a few months ago. >> i remember bob's book a few months ago and he wrote in it the way you do anything is the way you do everything. that example on how to deal with the bill in florida, chapek waffled for a long time, and employees got so mad and left and walked out. and iger said right away, no, this is wrong. this isn't politics. is that emblematic of his leadership? >> i think so. you're pointing to one of the most contentious points between the two. at the time, bob iger said that that is something he fully disagreed with, and disney's leadership under chapek was waffling, which put them at odds publically. so bob iger was a more decisive leader more intune to the culture at disney. but that doesn't mean that bob chapek has been failing the

meet the new bob, same as the old bob.boss. disney announced the return of bob iger of ceo taking over the job currently held by bob cape i can. he was thanked for his service and given two breakfast vouchers for epcot's garden grill buffet. delicious. believe me he'll enjoy the savings. in recent years disney received a ton of criticism for pushing left wing agendas in their content. their stock suffered losing roughly 36% of its value this year. uncle walt must be spinning in his refrigeration chamber. but many see its a doubling down of progressive values got them into the mess in the first place. a company said in a statement sunday night that disney is in the process of a transformation. >> let's hope they don't give the dwarfs a prescription for puberty blockers >> emily are you excited about this news? i mean, i believe this has more to do with people just over disney, right? how do you get people to fall back in love with the imagine nation and the allure of disney. >> emily: i feel that was question number on the

bob iger is back. bob jpeg has departed the company. this amazing price chart.ook at the stock over the last two years and reminds yourself of the story behind disney. disney plus lunged at the end of 2019. che peck does not take the help until the early stages of the pandemic in 2020. you have this fuller coaster ride with the share price rising to mid 2021 and falling away as we get concerns over subscriber growth and how expensive the losses are for the streaming business. on the far right side of your screen, bob iger is back with ceo. -- back as ceo. caroline: first and foremost let's get to the breaking news as bloomberg is reporting the digital asset broker is struggling with cash and warning investors it may need to file for bankruptcy if efforts fail. she and alley bass lake is here because she was one of the bylines on the story. talk to us. thus far genesis saying this is not eminent but they have been trying to raise funds for some while. sonali: they had halted withdrawals at the lending unit last week and since then they have been in talks with inv

bob iger as the head of disney less than 24 hours on the job.he company would go through restructuring in the coming weeks amid the announcement, kareem daniel, close ally of bob chapek would be departing a memo discussed that decision making would go back to the creative teams details emerging about the pay package. iger will receive a package valued at $27 million per year bob chapek is likely to receive a severance worth $20 million. speaking of chapek, the downfall came as top company officials raised concerns of management. sources telling david faber, one to express lack of confidence was the cfo. additional reports suggest that iger heard some of the complaints about chapek's leadership advised the leadership to take their concerns to the board. >> silvana, thank you. >>> the final stretch before the thanksgiving and black friday events best buy and dick's sporting goods and dollar tree reporting today alone. those results are coming as the sector gears up for black friday and cyber monday insight into the strength of the consumer after s

>> i think a lot of problems with bob championship per, who i call bob two.wasn't doing very well. i think disney is in a little bit of a state, spending all that money on streaming. they've got a lot of challenges. they wanted to bring back someone they knew could handle it. chapek has had a very rocky road there, not just the don't say gay stuff which was badly handled, but the streaming and the earnings. on a recent call he was a little too jaunty. he was acting like there was not a b pro. they had activists there, the shares of the stock have been going down and activists have entered the picture. they needed a titanium ceo. that's what bob iger is. >> good morning, kara. >> good morning. >> when i think of bob iger, i think solve someone who is not afraid to make hard decisions and isn't afraid of political blowback, if you will. he opens his book talking about that moment when that toddler was killed by the alligator in disney world. the reason i bring that up -- >> big moment. >> -- is because i think it's a moment that helped defines him. all the lawy

bloomberg has calculated bob chapek will get his package, which is about $23 million paid bob iger made the contract will only be for two years. his goal is to find a successor by the end of these two years. they are sending a message that we are trying to find a new plan in terms of finding a successor for iger. the question is whether disney can move to that new chapter without a leader that is iger. tom: we saw the reaction to the stock yesterday, but can he rebuild relations with activist investors who have been lobbying for change at the top? >> he is a steady pair of hands, very well known in the industry. he is loved in hollywood, those relationships disney wants to repair right now. but there is a question if those activists will be happy if bob iger continues in his role too long. some of them oppose the fact that you are going back to somebody old to get the company through these challenges. that is going to be that one challenge that he has. address concerns that disney does not have a plan b on him. manus: sometimes you have to steady the ship in the first instance. rachel c

check out the stock of the day, disney, getting a big lift as bob eiger makes his comeback to the "c "suite. much more about that in a second also ahead, we'll talk to cleveland fed president loretta mester, an exclusive interview to go over what she plans to do at the all-important december fed meeting. first, let get straight to the market and market commentator mike santoli is here what are you watching? as we still go through some fed speak. light on data and earnings. >> yeah, sara, been a similar theme for a week and a half. market going sideways and consolidating the rally we got off the big october low. market seeming more confident. it's got the fed outlook somewhat well-priced in terms of where the fed is headed and how fast and the economic overhang is there and the yield curve would suggest that the macro is in question. if we get down to the mid to high 3800, a normal pull pac if we get down in that direction. seasonally things are pretty strong right now a sideways shelf being built on the shelf wanted to hit on disney. such a ride for this company and for this stock fo

bob chapek. jackie deangelis has more from the fox business newsroom with how much this c suite shake-up shocked wall street as well as hollywood. jackie, i was stunned when i saw this last night. >> yeah. a lot of people didn't see this one coming, lauren. and it says at lot that bob iger is coming back after less than one with year in retirement, and disney's stock price speaks to what's happening as well as you see the action today. on february 1st, 2021, the stock touched $189 a share, now it's trading at 97 and change. taking into account the market volatility that we've seen, it's still a tock that has suffered -- stock that has suffered more than most. bob chapek succeeded iger in 2020, and while he did face many challenges like navigating the pandemic, he is stepping down. iger was ceo from 2005-020 and after serving as ceo, he remained on disney's board for a little while. now he's going to serve two years as ceo once again. in a statement board chair susan arnold said, quote: the board

bob: it is always there. that said, the united states is leaning into these many laterals and increasingly relying on partnerships to achieve its security and i think the language is reflecting it. it is an expansive view of what it means to be friendly with the united states. melanie: i will like that some of the expansion and sensibilities that go with that in terms of obligations can start to make me a little bit uncomfortable and nervous if we have those kinds of relationships. bob: biden made that distinction clearly on ukraine. it was clear from the beginning that biden was saying, we have no obligation to protect ukraine. the ukraine sovereignty is important to us and that is why we are going to provide massive support to help it defend itself. but we have no obligation. a few weeks later at the madrid nato summit, the leaders got together and said, we are going to defend every inch of nato territory, and biden really sees that distinction. melanie: thank you all for entering so many questions. i do wa

go online, it's the bob woodruff foundation. bay area, moving forward, putting solutions. this is abc7news. >> good afternoon and thank you for joining us. we begin today with the election and the races still being counted. it has been a nearly 48 hours since the polls closed and in san francisco, they are busy counting ballots. roughly 104,000 to go through and the city is about to release new numbers. there are some races that could be infected, including the district attorney's race. -- races could be affected. there will be a runoff and so far no one has cracked that threshold. >> we are expecting voting results in the race for oakland ameritrade that remains to close to call after narrowing down from rank-choice voting, we are down to two candidates. councilwoman lauren taylor and president pro tempore tao. taylor was leading compared to tao's 47% after nine rounds. >> the race for mayor of san jose and sheriff of santa clara county feature two candidates with years of experience and to newcomers. >> the newcomers are actua

this is bob smith. he's with the university of utah. he went to work in yellowstone the same time i did. he went up 76 different streams out of yellowstone lake by himself with a backpack for a week and checking trout and doing four fishery. and then he went on, finished his degrees. he flew in the air force, and i forgave him for that. but anyway, we're still friends. he has a home between moose and the airport in jackson and he is the man that has gotten all the seismic sites here and the sites and his team from the university of utah studies all movement in the park, both vertically and shifting faults. that type thing. and i have done park trips with bob and john lansbury, who was a district ranger at lake. and every summer we would do a different park trip in different parts of the park, and we'd take the oldest ranger that had retired that could ride a horse and take them along with us and get them to share their stories. when they were a ranger. one of them would go to sleep on his horse and he'd start to lean one way and the hor

we will see if you get a call from bob or brian, that's bob iger or brian roberts, the parent and ceowork, i should say. claire, what do you think about the espn side of this and the sports view, because the other view is if have to get rid of debt and you think the sports business will get tougher and tougher, and maybe that's an asset you spend or sell? >> i don't see that. i think it's the crown jewel of the company. i think sport -- you see apple and amazon making a move on sports bob had wanted to slowly migrate some of the sports assets off and it's about digital now bob iger has the nba negotiations coming up i know that set of rights doesn't come to you until 2025, but i hear that people are having conversations now about what transpires with that big set of rights. i am sure apple is in the mix there. i think it's critical for espn, and for warner, and tnt and turner i think it would be unusual for them to separate from efspn, and it's tightly integrated into the business bob iger, i am sure is looking across all the assets from abc to the studios and all of their output, and

bob iger is returning. now of course the question is what does bob iger do with this company and can he return almost in a steve jobs fashion to bring this company back to its former heights. but there are huge challenges in the entertainment landscape as we know and have talked about so much on this show here. >> yeah. it's not limited to disney. how about $250 million for 11 months of work? not bad if you can get it. andrew, let me ask you about twitter. since elon musk bought twitter, obviously there's been chaos around it, layoffs announced, people announcing they're leaving and coming back and everything that's come with it. and then just a couple days ago elon musk announcing based on an online twitter poll that he's welcoming donald trump back to twitter. so put it all together. what's going on at that company? >> chaos, on the outside it looks like a lot of chaos, on the inside i think it feels like a lot of chaos. to some degree, and it's unpopular to say, but it's chaos by design, in other words,

go online, it's the bob woodruff foundation.treets of san francisco this rally is part of a global movement. a look at the message aimed at stopping climate change. >> another chilly night ahead. morning temperatures coming up. >> two days after election day we are watching races still too close to call. >> building a better bay area, moving forward, finding solutions, this is abc 7 news. >> good evening. >> thanks for joining us. two days since the election in two bay area cities are still waiting to find out who voters elected as mayor. san jose and oakland. >> the mayoral race in oakland is a bit cumbersome because it uses rank to choice boating. recalculating each time a candidate is eliminated. >> let's start with the latest results released this evening by alameda county. >> as you mentioned those numbers were just released an hour ago. loren taylor is in the lead with 16,400 votes or 35%. second place is shank how with just under 30%. these numbers just represent first round voting. we are told ranked choice results will

a lot of americans no longer want to get off the couch go to work for anything less than -- >> what bob said earlier let's not forget all resources that the illegal migrants are getting, they are getting food stamped their getting healthcare they are getting education, they are getting housing, i -- i mean now talking about putting them in hotels. many are already in hotels, there is a cost to this where does money come from. >> a cost ceos threatened if thank you higher illegal workers, that will put you in jail basically, when rules would come out send so and so down because social security number doesn't match that person doesn't show up to work next day, so to your point mark, i think a little bit of double-talk here by the democrats, about wanting to hire all these people having regulations, that they will put you in jail if you do. batya: i pushback a little bit you can't support a family on single income of 18 dollars an hour you just can't, so republicans, want to be family of american party want to be party of american dream, want toosh party that supports the idea that a man c

next we have bob bauer.bob serves as professor of practice and distinguished scholar in residence at nyu school of law where he also codirects in wide use legislative and regular process clinic. he served as white house counsel to president obama from 2009-2011 and he cochaired two presidential commissions on election administration and on the supreme court pick is also a longtime member of election law bar and one of our nation's leading expert on the democratic process. lindsay chervinsky as a presidential historian and she has written two macbooks come the cabinet george washington integration of an american institution, and forthcoming and honest man, the amenable, i always miss that would, the amenable presidency of the john adams. she serves as a columnist for two venerable publications in d.c. governing and washington monthly, writes and speaks widely for other outlets, posted podcast presidential history and have to save my personal favorite create an audible course on the best and worst presidential

you can see stock in a bob to today. >> thanks, jackie.lizing that it's gone too woke, making people broke. with me now to discuss kelsey and jonathan. an article can i couple months ago in reuters that they were asked to address criticism that the company was too woke, and he said the world was a rich and diversified place and they wanted to the company to reflect that. >> charles, you know the full story of why he was ousted, but we can say poor performance, financial performance, and certainly his decisions to go woke, pick fights with extremely popular politicians over pieces of legislation in florida which were very popular amongst parents did not help. i certainly can hope that disney has learned its lesson, that going woke certainly does contribute to you going broke. i can tell you, as a young mom of children who i would love to race in the disney tradition, exposed to disney magic, i'm not a consumer right now, because i feel the company is intent on constantly insulting my values. so it's really important, looking forward, for th

why has disney brought bob iger back? alex: disney made a massive pivot the past two years, under pressure from activist investors, to make themselves more like netflix and actually invest in disney+. netflix has not had a brilliant year. it has been stalling and its share price has come down significantly. disney has fallen almost in lockstep with that. manus: and of course he is famed for doing those monster deals with pixar and marvel, isn't he? let's see what magic he could speckle across the kingdom. let's get to a bit of crypto. we know the contagion is around $3 billion in terms of unsecured creditors. that's not the end of the story in terms of fallout for ftx. it is pervasive. alex: yes, lots of different stakeholders here. there are the bigger funds, you have holdings who had investment in ftx, and then just your run-of-the-mill punter might have savings or investments, recto investments in the ftx exchange. all of these are likely to be affected and unfortunately it looks like those sort of retail investors are

julia boorstin filed this report >> reporter: after two years running disney, bob chapek is out and bob iger is back for a two-year contract as returning ceo of disney. sources telling me that iger started to do virtual meetings and phone calls with executives first thing monday morning the creative side of disney is thrilled with the change one source telling me there is hope that iger will restore the vision which prioritizes creativity over data sources tell me there is a lot of talking of iger's historyof the restructuring of october of 20 which wut put groups at oddst decision making. iger to move to amend the structure to what it was before the restructuring. on day one, iger's challenges are different. not just from when he left as ceo in 2020, but when he stepped down as chairman at the beginning of the year. first the ad recession is expected to challenge the networks and ad supporting streaming service. a pull back in consumer spending to hit the parks and products division and streaming business. the streaming landscape is competitive than ever. disney may be at a disadvantag

david, bob iger takes over from bob chapek. just weeks ago, disney missed wall street expectations. today, the stock rallied 6% on the news. david? >> welcome back, bob iger. rebecca, thank you. >>> we do have news of another return tonight. team usa at the world cup tournament in qatar. its first match in eight years. a goal in the 36th minute, but wales tied it on a penalty kick in the 82nd minute. the usa team facing england next on friday and amid strict limits opinion, the other headline today, the iranian tam gathering for the national anthem, but chose not to sing as massive protests raged back home in iran after the death of that young woman taken into custody by the morality police after not wearing her head scarf in an appropriate way. >>> when we come back on this busy monday night, here in new york city, there's news about two systems accused of making an anti-semitic threats. >>> and the first images of jay leno tonight, now after the hospital after suffering those severe burns in a gasoline accident in his garage. and can help you breathe better in as little as 2 weeks

and so, bob is the son of jack richard. he's going to be telling us a little bit about the photography work of these two guys and maybe others, for all i know. i'd also like to mention the health of mac frost here. mack frost is also a photographer and my coworker. i will hand the mic off, the c-span mike. sorry. anyway, bob, if you don't know, has deep roots in wyoming. that's where he commenced his hunting guide career at the age of ten. he was a u.s. marine corps helicopter pilot. he was a swim coach, a rancher. he worked for the american red cross. more pertinent to our events today, he was a horseback yellowstone guy in yellowstone national park. that was one of his first jobs. i know you didn't come here to hear me. you came here to hear the man. that's why i'm going to give you bob richard. [applause] thank you all for coming. what a treat for me to share with you and try to put yellowstone park, 150 years, in 45 minutes. it is really tough. and i look to lots of photographs, fda hums 40 graphs, jack richard, fred ri

bob iger came out before ceo bob chapek and said this is wrong.nd disney waffled and employees rerol rev revolted. that was a turning point. >> it opened him up to criticism everywhere. he was criticized for being to slow, and then criticized for making disney woke. it went poorly on any tactic. >> it does. but it comes down to leaders have to decide what's not politics and what's right and wrong. >> and make decisions and say i don't care what the criticism is. >> that's right. >> we'll see. it's fascinating we'll see what happens with bob iger at the helm. >>> this morning two pediatric groups are calling for an emergency declaration, saying it's needed because of the rapid rise in the respiratory illness known as rsv. they write quote we need emergency funding support and flexibilities along the same lines of what was provided to respond to covid surges. joining us with more is elizabeth cohen. the question, is it a slippery slope of declaring certain things an emergency or something they do believe measures up and it needs the same kind of for

bob posani. we will see how treasuries are faring some familiar levels the 10-year at 3.75. dow down 36. we're back in a moment if you wake up thinking about the market and want to make the right moves fast... get decision tech from fidelity. [ cellphone vibrates ] you'll get proactive alerts for market events before they happen... and insights on every buy and sell decision. with zero-commission online u.s. stock and etf trades. for smarter trading decisions, get decision tech from fidelity. welcome. you've got sales! i do? i do! you've got sales! you've got sales! you've got sales! you've got sales! when you've got the internet's most loved commerce platform. you've got sales! you've got sales! you've got sales! what was that? that's elwood. go to shopify.com to start your free trial today. goodbye! ♪ ♪ connecting to opportunity is just part of the hustle. ♪ ♪ opportunity is using data to create a competitive advantage. ♪ ♪ it's raising capital that helps companies change the world. it's making complicated financial concepts seem simple. opportunity is making the dream of