bob chapek, i hope you will come back soon.eciate it >> thank you very much >> melissa, back over to you. >> all right, julia, thank you, julia boorstin with bob chapek, the stock is down 3.8% on the back of earnings tim, a lot came out of that interview, what stood out to me is disney was already revisiting capacity limits given the guidance given by the cdc today, which implies to me there could be some upside that analysts may have already factored into future quarters. >> i think that's right. i just -- i'm not getting too caught up in additional costs from the last quarter or what capacity they're at or will be in the next couple months because that's not the story here the story is, first of all, when she got into issues around linear tv is the key, i think if becomes more promotional about driving streaming revenue and theatrical is interesting because people like to go to the movie theater. for disney it creates a impact a moment, a chance for those films to take part in the culture around them. i think it's good news f

emily: bob chapek, ceo of disney , thanks so much for joining us.berg tv and radio audiences, that does it for this edition of "bloomberg technology ." stick around, i will be speaking to the airbnb ceo and the next hour. this is bloomberg. ♪ wanna help kids get their homework done? well, an internet connection's a good start. but kids also need computers. and sometimes the hardest thing about homework is finding a place to do it. so why not hook community centers up with wifi? for kids like us, and all the amazing things we're gonna learn. over the next 10 years, comcast is committing $1 billion to reach 50 million low-income americans with the tools and resources they need to be ready for anything. i hope you're ready. 'cause we are. haidi: welcome to daybreak australia. we are coming down to ages major market opens. shery: good evening from bloomberg's world headquarters in new york. haidi: u.s. stocks halt a three-day slide. industrial and financials lead the gains with investors turning from growth

emily: bob chapek, ceo of disney, thanks so much for joining us.tv and radio audiences, that does it for this edition of "bloomberg technology." this is bloomberg. ♪ >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberglp, its affiliates, or its employees. >> the following is for the teeter fits bind. >> hi, i'm roger teeter. believe me, i truly understand your back pain. in my 40's i wrecked my back. i could hardly get out of bed. i

ceo bob chapek on air during "fast money. tomorrow on "techcheck", brian chesky do not miss that >> yes, john airbnb once again below the opening day ipo, opening trade of 146 currently 134. a lot to talk about with brian >>> "the halftime" starts now. >> carl, thanks. welcome to "the halftime report." i'm scott wapner front and center this hour, the question on every investor's mind, are we nearing the end of the sell-off we are debating with the investment committee brenda van jello, john brown, kevin o'leary is along with us today, too take you to the ball stocks, i said they're bouncing. dow is good for better than 400. nasdaq off the best levels of the day. nonetheless, given what has happened lately we will take the 68 points to the upside. kevin o'leary, big question, are we nearing the end of the sell-off can you trust what we're witnessing today with this bounce >> yes, you can. i think we're in a classic garden variety correction, healthy. you know, people forget volatility, it is back as a result we will have days

the last month than we have in the prior two months in terms of households >> that was disney ceo bob chapekompany reported second quarter revenue and subscriber numbers that were lower than many on wall street expected what to do with the stock we have alexia quadrani with jpmorgan chase why so optimistic on the name given what appears to be not a huge, but slowdown in growth in streaming? >> we think it is a fantastic buy here it is our top pick we are comfortable with the rating the price drive is year over year that is the next nine months or so i think you will have to realize that the monthly gains of subscribers are monthly. you will not have a straight line report. i think you look at the quarter and the markets they are going into they have had a phenomenal success in the previous quarters you had slower adds this quarter. they fell short of our number. a little bit of a miss versus what we are expecting. i think they have much better content longer term. they have one major content drop per week i think you have a lot of reasons. >> you might have heard. i don't know if you were pa

annmarie: the view from disney ceo bob chapek after the u.s.nment set fully vaccinated americans can dish their masks -- ditch their masks. president biden welcomed the new cdc guidelines, called the vaccination rollout a historical milestone. >> this reclamation -- recommendation holds true whether inside or outside. it's a great day made possible by the extraordinary success we have had at vaccinated so many americans so quickly. annmarie: in the u.k., prime minister boris johnson sounded a cautious tone. cases of the strain from india have risen from 520 to more than 1300 over the past week. p.m. johnson: we are anxious about it. it has been spreading. we want to make sure that we take all the prudential, all the cautious steps now that we could take. so, there are meetings going on today to consider exactly what we need to. there is a range of things we could do. annmarie: let's get to sam fazeli from bloomberg intelligence. cdc coming out with a milestone on mask wearing. does science support this? sam: good morning. yes. the evidence sugg

demand back to 2019 levels in terms of those bookings you can find more from my interview with bob chapekrge everyone to go there julia, thank you zb >>> we're going to unmask the mask mandate debate. frank has more on how other corporations are responding. frank? >> reporter: it's been more than a year since the cdc first advised all of us to wear a clath face covering. this new guidance from the cdc comes as just about 59% of all american adults have had at least one shot and fingers crossed, hopefully we are inching toward that 70 to 80 % level where we would all get herd immunity. it also puts businesses in a difficult decision to decide going by what was announced and federal, state, and local regulations and guidelines that were already in place. a lot of companies have to make that decision. right now we're at a starbucks in the atlanta area. we're waiting to hear what this company plans to do. we know other companies like walmart, target, and wall greens, they're still reviewing the cdc dividelines. we've heard from one company that says they plan to relax the guidelines the wynn

julia boorstin will have disney ceo bob chapek on air during "fast money.row on "techcheck", brian chesky do not miss that >> yes, john airbnb once again below the opening day ipo, opening trade of 146 currently 134. a lot to talk about with brian >>> "the halftime" starts now. >> carl, thanks. welcome to "the halftime report." i'm scott wapner front and center this hour, the question on every investor's mind, are we nearing the end of the sell-off we are debating with the investment committee brenda van jello, john brown, kevin o'leary is along with us today, too take you to the ball stocks, i said they're bouncing. dow is good for better than 400. nasdaq off the best levels of the day. nonetheless, given what has happened lately we will take the 68 points to the upside. kevin o'leary, big question, are we nearing the end of the sell-off can you trust what we're witnessing

jonathan: bob chapek, the disney ceo. alongside tom keene, i'm jonathan ferro.ill be back with us monday. on the s&p 500, we advanced 0.7%. in the bond market, yields lower to 1.6386%. euro-dollar, $1.2121. wti, $64.64, up 1.28%. we get to the walt disney company. we trade lower in the premarket, down a little more than 4% off the back of the streaming business. subscriptions coming in just a little bit lighter than expected. tom: we are thrilled to bring you craig moffett and igo nathanson, -- and michael nathanson, moffettnathanson. they are distinguished in what they do. michael nathanson, let's get to you first. how much did disney and mr. chapek miss baby grogu? [laughter] michael: they missed by about five to 6 million subs, and that really matters. unfortunately, that is what happened in stock trades the way it does. tom: it is a battle out there. craig, you have but doing this for years, particularly the cabling of it, the routing of it. what is the theme for you right now into the summer in the streaming wars? craig: as much as the streaming wars domina

disney, stock is moving lower on the back of earnings, the call is under way and we'll hear from bob chapek ceo joins us exclusively. and stocks rebounding from yesterday's big sell off we will tell how traders a

slightly higher right now, still on pace for its fifth week of declines in the past six disney's ceo bob chapekg to be on mad money tonight at 5:30 p.m. eastern time to recap the quarter. don't miss that. now for a cnbc news update. >> more escalation in the middle east israel's defense minister approved the mobilization of 9,000 reserve troops in what's being called an exceptional call-up. an israeli military spokesman also says that its forces are gathering on the border with the gaza strip. >>> publicity around the conviction and upcoming sentence of derek chauvin has prompted the judge to delay the trial of four other police officers they are now set for next march. it will also allow for a federal court case to proceed. >>> gets a is going plead guilty it is an indication that groanberg will be cooperating with prosecutors. >>> prosecutors reportedly s&ped a prestigious manhattan private school dow jones says the grandchildren of trump organization cfo allen wisen attended columbia. >>> separately, tonight on the news at 7:00 eastern, a look at why people are moving into new york city afte

were just a million off of our estimates estimates have been all over the street we all just heard bob chapek said it was in line with their numbers. disney doesn't guide to sub numbers so they're at 103 or 104 subs in just over a year they must have reiterated four or five times last night on their call that they still maintain their guidance of 230 to 260 million subs by fiscal end 2024, five years after launch our projection is 250 million. i just think it's a slight miss versus expectations, but it's enormous growth. this is before they really have all of their product flowing remember, they couldn't produce but planned to because of covid. >> so to what extent, therefore, do you think that the share price pullback is overdone, but compared to the fact that it is fairly richly valued and not all of the business lines are growing as fast as the disney plus subscribers are >> that's the key to the story if we all believed the economy is -- you just had a piece on inflation. the economy is heating up. what better way is there to -- who better to invest in than disney as the economy reopens.