we met with bob eiger, a 15-minute meeting with him. it was a match made in heaven. he really soaked into what we were doing. he saw we were trying to embrace robotics in a different way and entertainment type of way and so after that he was like i want to become your full-time mentor. emily: take a moment to show us how it works here. adam: sure. emily: tell me about the processing of developing the bb-8. adam: this has been a crazy process. making a hardware product in 10 months to be on the shelves is really challenging especially one that goes through this much work and approval just because, you know, we really wanted to focus in like this is the droid. if you watch the movie you'll know this one is very realistic. i just have it controlled through bluetooth low energy on my smartphone so i can drive it around and it can kind of look at us, he can drive around, patrol on his own and do all the messages we saw before. what is really cool is he is also a real robot. you can program this and kids can learn to program on this. emily: financially what does it mean to

bob eiger -- u.s. stocks have been mixed throughout the day. are the bestdwide in four years. but the question is, what did you miss? pujols widens conducted damage the euro. could full wagon scandal -- who pulled wagon scandal could damage the euro. alix: and why china is crucial to the fed. joe: ny capital markets have all the power when it comes to oil. alix: first we will begin with the markets. i cannot believe we are not looking at intercollegiate move on the doubt. joe: did anything happen today? it was so boring. a little decline. moves.e did see the dow but not the volume we are used to, incredibly light. nevertheless, they have closed at a two-week low, the lowest level since september. most s&p 500 sectors are lower, you have tech, utilities. overall, native data. there was a catalyst or velocity that takes things up. joe: i want to look at my terminal, because something interesting happens you look at features. futures. we said it to pay attention to lookingi, everybody is at this data. --s came out yesterday, whom .oom, the futures dropped well into contraction te

he will be on meeting with a host of business leaders, including tim cook, warren buffett, bob eiger, jimmy of ibm. we'll be back to talk much more about that. we'll take you live out to seattle where our own michelle caruso cabrera is on the ground there as well. there's a live picture of china's president has landed in the united states. for an historic visit. >>> also, coming up gopro ceo nick woodman speaking now at the tech crunch disrupt event in san francisco. shares down 68% from their peak. how does he plan to stop the bleeding? we're going to speak to him exclusively next. >>> and big news in the financial space today. bank of america shareholders voting against splitting the chairman and ceo roles. pete owns the stock. what does mike think now? he will join us live from that event with his opinion. we head to break. we look at commodities. big drag on the markets today. crude is down 2.5%. it's one of the area's hardest hit today in an overall sell-off across the board. back right after this. but what if you could see more of what you wanted to know? with fidelity's new act

attendees included tim cook, bob eiger, warren buffett and jack ma of alibaba.cers in the u.s. are about to see their credit lines shrink just when they need the money the most. the latest round of revaluations is underway and 80% of oil and gas producers will see a reduction in the maximum amount of money they can borrow. credit lines will be cut by an average of 39%. scarlet: the commission on presidential debates will announce -- has announced where the candidates will be facing off next year. locations include ohio, st. louis, and the university of nevada and las vegas. a vice presidential debate is set for farmville, virginia. the first debate will be in dayton, ohio on september 26. is coming up. >> that is next year. scarlet: who is going to be the nominee on the democrat side? a quarter of americans say vice president joe biden is their top choice for president. that's according to a bloomberg politics poll released this morning. hillary clinton is still in the lead. bernie sanders is bringing up the rear at 24%. alix: clinton toss favorability ,atings h

bob eiger who is ceo of disney, lobbying for more h 1bs so he can replace his i.t. department with foreign guest workers. >> no -- >> the profits. >> but the funne fundamental prm and what both of you are escaping is we do have a skills gap in this country and again for ron to be right it would require a conspiracy so vast involving the government and the private sector that i wouldn't be surprised if there's a white paper at epi that [simultaneous speech] >> hold on now we mentioned zuckerberg and president obama. 50,000 members of partnership of the new american economy, founded by michael bloomberg. >> and the qualcomm ceo just laid off 5,000 workers. and the h 1b program [simultaneous speech] >> the program is used almost exclusively, not exclusively but the. >>> mood of it is used for ordinary i.t. workers, ordinary entry jobs. wages that are 20% or 40% less than the average wage for the had a occupation. >> you are talking about [simultaneous speech] [simultaneous speech] >> not for specialized people. >> you are singling out anecdotes. >> anecdotes? we are ta

. >> julia interviewed bob eiger the day they reported. look at the softening in the broader market the date interview took place. steve will tell you that's critical support in dis, doesn't feel like it wants to hold. tim has mentioned loyion's gate. yes the stock has sold off a little bit since its all-time high but go back to content. they own it. if you want to be in the space, yes, they will sell it off with the broader market but lgf is about as good as can you go. >> you're in disney and you'll see if it holds up in this marked the. >> luke, i am your father. >> i'm a firm believer in thinking that everything goes down. what goes down less than the rest of the group. disney's up 4% year-to-date. that doesn't seem like it's lost leadership in this market. against the nefltdics up 103% and traditional linear television, they are going away everything to netflix right now trying to hold hofnlt i don't think they do. >> coming up, carl icahn says he's as hedged as he's been in years. so exactly how does he do that? got a protection play

bob eiger says we have, we're losing some subscribers, espn. and the world loses its mind.ll the stocks sell off. people think cord-cut something happening tomorrow in great magnitude. what's the real deal? are the traditional media businesses growing? no. they've lived off one gravy train after the next. netflix was the latest. now amazon is spending money. you take a step back, look at netflix, hulu and youtube combined, those three businesses are generating as much revenue as the entire domestic movie business and double-click into the audiences and see where the millennials are, 18-34-year-olds, there are more of them on youtube than any cable network. there are more 25 and younger on facebook than all four broadcast networks combined. go back to the scarcity ubiquity thing. i think what the networks have with the big media companies have are unbelievable brands which are hard to build. they mean something still, some of them. they have the ability to produce really great content. but the economic model needs to change. meaning netflix will still pay. hue lieu will stil

microsoft will be joining howard schultz, jeff bezos, bob eiger -- the list goes on and on on the u.s well as the china side. he has brought over 15 executives who run companies with a market cap of about one dollar trillion. and that involves alibaba, baidu , the icbc -- the largest bank in the world by market cap. as well as the bank of china ceo. i huge number of business meetings and banquets tonight, with tumors coming up over -- tours coming up in the next several days. he will be going to the redmond microsofto look at and to check out the high school. the west coast, very important to the chinese economy. thank you very much. for more, let's turn to brendan ,reeley, joined by kevin rudd president of the asia policy institute and former prime minister of australia. brendan, i will hand it over to you. learned that the former prime minister was also a rodeo rider. but we're not here to talk about that, we are here to talk about the visit of xi jinping to seattle. let's talk about this visit. what is the definition of success for xi jinping? >> he has a strategic interest in maki

president's, stop in seattle and meet with top business leaders including warren buffett, tim cook and bob eigerof the week he will head to the white house for a meeting with president obama, the administration already offering tough talk on july. treasury secretary jack lew's comments on that coming up and apple ramping up its efforts on an electric car. the wall street journal reporting the tech giant aiming for a shipping date of 2019. a lot of people dreaming up what that might look like, we will talk about what it means for the auto industry. wisconsin governor scott walker dropping out of the 2016 presidential race. blake berman has the latest on that. >> good morning, this was the meteoric fall for scott walker who announced his campaign 70 days ago. was running second nationally at one point, first in iowa earlier this summer but this morning amid e. roading support and finances walker is out. after abruptly bowling out yesterday walker called on other current republican long shots to do the same and to rally against donald trump. >> i believe the voters want to be for something and not

bob corker and miss emily corker. mr. david taylor and mrs. marcia taylor. the honorable sonja stottlemyre and judge josh colton. mr. darren walker and mrs. spencer. mr. robert eiger'srick stangl's and mrs. mary stangl's. the honorable jacob liu and dr. ruth schwartz. mr. mark zuckerberg and miss priscilla chan. the honorable henry olson junior and mrs. wendy holsten.

bob corker and miss emily corker. mr. david taylor and mrs. marcia taylor. the honorable sonia sotomayor and judge josh colton. mr. darren walker and mrs. spencer. mr. robert eigersmr. rick stangls and mrs. mary stangls. the honorable jacob liu and dr. ruth schwartz. mr. mark zuckerberg and miss priscilla chan. the honorable henry olson jr. and mrs. wendy holsten. senator maria cadwell and mr. griffin plays. the honorable john podesta and mrs. podesta. the honorable debbie wasserman schultz. the honorable josh earnest and mrs. josh earnest. mr. david mark rubinstein and mrs. alice rubinstein. mr. reed hastings and mr. ted jr. mr. jake tapper and mrs. jennifer tapper. mr. james marin and mr. jack marin. mrs. amy cunningham and mr. ed cunningham. mr. wade and mrs. lorna. mr. john penn. the honorable dianne feinstein and mr. richard. >> pardon me? i think the importance of tonight's dinner is to welcome the president of the largest country in the world. i am on the pacific rim and the pacific rim is the largest center of trade and commerce in the world today and i think that working at a good relationship with china is extraordinarily important. >> so business or pl