what bob iger was talking about is why they deserve a premium valuation. the entire space is getting ratcheted down in terms of valuation. disney gets sucked down in that. i do think they deserve a premium valuation. disney trades around 16. what's the right number? i would submit 16 is probably about right. other people would say it's higher. some people might say lower. but $100 of -- >> he alluded to when you go to a skinny bundle, people are going to want those channels, they're going to want that content. if you get a premium in the brand overall, you'll get the premium with the skinny bundle. the other point was, you can't valuate -- >> you're not worried about the skinny bundle. >> i'm worried about it. i think the margins will probably increase. everyone's worried about the same thing. whenever you're looking down that tunnel, it's the train that hits you from behind, not where everyone's looking. i think it's not in the number, but i'm hopeful that the margins will be expanded when the skinny bundle comes. >> i feel the same way in terms of the sk

bob iger has 2 years left on his contract.uld extend it if they do not find a capable replacement. mark: who is the favorite? we have a few candidates. sheryl sandberg is among them. two is the favorite? paul: investors would favor steve burke who has a senior executive position running nbc universal and is a former disney executive. sheryl sandberg is intriguing. she has done a tremendous job at facebook driving their advertising business. our external candidates. this is the most prestigious job in media and arguably in corporate america. i am sure there will be a tremendous amount of interest. it will be a demanding job and the board will want to take its time to make sure they have the right person to replace bob iger , which are large shoes to fill. i think there will be plenty of interest. mark: thanks, paul sweeney from bloomberg intelligence. still ahead, southern bees makes a poor impression. the high-end market for impressionistic modern art, going through a correction? that story, next. ♪ mark: the auction at sotheb

melissa: whoa, disney ceo bob iger did not like that.was firing back at the vermont senator in private facebook message saying quote, to bernie sanders, we created 11,000 new jobs at disney in the past decade and our company has created 18,000 in the u.s. in the last five years. how many jobs have you created, buddy!? the buddy wasn't in there. you know what i mean. what have you contributed to the u.s. economy? that hurts. here is dan henninger of "wall street journal." but bernie making these points standing out there people are living in motels if they work for disney. he says, they're not making a living wage. here you have the ceo making $46.5 million in fiscal year 2014. could easily give some of that money to the people. how do you respond to bernie? >> well, i think bob iger responded as well as he could but i think what he and disney should understand, anyone working for disney should, they're being used as props in bernie sanders's scenario. key fact came out in last couple of days, he is running for the california primary, rig

bob iger is far from right-wing lunatic. and i tell you donald is calling him crazy bernie, right?e sounds crazy when he attacks disney. the overarching theme. anthony: okay, why is he so popular? the public educational system that people don't understand the failures of socialism? >> look what's happening at the trump rallies. leftist kids that are in college or just left college violently protesting. this is the scary thing about the election. anthony: those are paid protesters. >> some of them are not. some -- occupy wall street which i covered extensively was paid. a lot of it wasn't, they were kids. the animosity to free speech particularly right-wing speech that goes on on campus is basically overflowing to what's going on here, and what's going on in the election, and it's very scary. >> anthony to your point at disney. you look at disney, and put bob iger aside go back to walt disney, 1965, he looked at swampland in orlando and build it up, hundreds of thousands of jobs. disney and companies like that have done what the government can't seem to do that, is create jobs. when

. >> bob iger, the slam against long-time presidential nominee bernie sanders.oming up, why so many heads of business are coming out of the shadows to take on bernie sanders. >>> and wells fargo launching a 3% down payment mortgage. 3%. are banks forgetting about the kinds of risky loans that sparked the housing collapse? sheila bair ways in later on the "closing bell." you pay your car insurance premium like clockwork. month after month. year after year. then one night, you hydroplane into a ditch. yeah... surprise... your insurance company tells you to pay up again. why pay for insurance if you have to pay even more for using it? if you have liberty mutual deductible fund™, you could pay no deductible at all. sign up to immediately lower your deductible by $100. and keep lowering it $100 annually, until it's gone. then continue to earn that $100 every year. there's no limit to how much you can earn and this savings applies to every vehicle on your policy. call to learn more. switch to liberty mutual and you could save up to $509. call liberty mutual for a free

ceo bob iger discussing viewership a lot on the conference call.e a snippet. >> we're also in discussions with a number of entities, some current distributors that are coming forward with new packages. and some completely new distributors. all have expressed an avid interest in having espn and our other channels included in their initial offerings. and we're very, very encouraged by the discussions/negotiations that we're having. >> so he's talking there about a question in reference to the skinny bundle, or this idea of over-the-top television programming and how espn is very much going to be a part of that future at disney. it's going to be a part of that future. as for theme park revenue, rose 5%. that is also weaker than expected. the company also announcing it was exiting the console video game business after it launched the infinity title. a bright spot with studio business rising to $2.1 billion. that was driven by "star wars: the force awakens" and the an ma natured "zootopia." the board is searching for a new ceo. iger's contract is up in

interesting, bob iger said don't worry about cord cutting phenomena that is not affecting us.hat is ridiculous i believe was his quote. which you quoted off more than 6% here, forget our rally today. perhaps this could shave considerable number of points off the dow. 45 to 50 points, bad math off top of my head is suggesting at this moment. interesting resorts were up, 3.9 million, versus 3.76 this time last year. studio is up. tremendous moves. i'm sure your you took your kids to "zootopia", "civil war." "star wars." back to you. melissa: wow. david. david: back to politics. hillary clinton email scandal involving the aide who set up her private email server. the state department told rnc suing for emails it can't find any emails to or from clinton's aide bryan pagliano during her term as secretary of state. again he set up the private server. catherine herridge with details. >> thank you, david. bryan pagliano who set up and ran her personal email server, late last year cut immunity deal with the justice department, apparently left no paper trail from days working for secret

yes, i'm going to defend iger. >> who's picking on bob iger? who's picking on him? >> i'm stunned.ed and silenced. >> you're referring to the drop in the share price today. >> i'm just saying someone may look back and say this actually might have been a chance to buy it. they might do that. >> might. >> i don't know. but i tell you i've said no to macy's for 30 points. i feel vindicated on that. maybe i'm wrong to say, you know what, i think people are going to watch snow white, they're going to know who those dwarves are, like sneezey. >> macy's -- decline -- >> you probably know some of them. >> i know some of them. dopey. >> what are you saying? >> if we get a dog could we name him dopey, would that be okay? you guys both own dogs. >> try to guess it's hard to do. we should point out disney at 1.02 is nowhere near 1.88 on february 10th. >> thank you. thank you. i'm waiting for someone to say re reed hastings is a joker. honestly, there is a judgment being made on people, ruth po rat doesn't know what she's doing at alphabet because of that last quarter. who does know what they'r

to the extent as bob iger.xtent he is not going anywhere, will not be run over by a bus anytime soon, investors will be reasonably comfortable. that said, we do want to know what the succession process is and how the board is looking at successors but we don't expect any answers at this point in time. betty: no, although there is a lot of speculation, brian. if you put your money down, with a go for an external candidate, and who? brian: so hard to say. assessing that -- it is really important to understand the internal politics of the thenization, not least how board is interacting with different managers. and you can frustrate of the managers to submit ability to them that -- who can persuade the managers to submit authority to them. the internal constituents and the external constituents, the board versus operational relationships you are managing. has a brian wieser, who buy rating on the stock. this might be the mother of all by ratings. forget 10, 20, 30% returns. amazonlyst raised his price target to $10

disney ceo bob iger writing we created 11,000 new jobs and our company has created 18 thousand in the last five years. how many jobs have you created? this isn't the first time sanders has come under fire. gary b who has this right? >> i think disney does. just in anaheim alone they contribute $5.7 billion to the economy. but specifically on the jobs. i think what bernie sanders forgets is a job is not just wages. so i went to see what the employees said of disney. and i went to indeed.com. they were overwhelmingly positive. look, they all stipulate that they could be paid more. they understand the tradeoffs working for disney are the work experienced there. the great management. the terrific environment. like any job. when i was at graduate school i could have went to companies that paid more. i went to ibm because they have the overall best passage. that is what people are offering. >> is bernie courageous or clueless. >> gary b. always does a good job researching. i looked up a bernie sanders resume from 1980. there is nopg it. it's been well documented he didn't have a regular pay

disney's ceo bob iger posted this on facebook. we created 11,000 new jobs at disneyland in the past decade. our company has created 18,000 in the u.s. in the last five years. how many jobs have you created? what have you contributed to the u.s. economy? you may remember that sanders and jeffery immelt got into a tiff over similar accusations with sanders saying ge is ruining the fabric of america because it is shipping jobs overseas. interesting to see the ceos getting out on social media. >> they are taking a lot of heat this campaign cycle. >>> president obama is in japan meeting with world leaders at the g7 summit with the focus on terrorism. cnn is live there next. hmmmmmm..... [ "dreams" by beck ] hmmmmm... hmmmmm... the turbocharged dream machine. the volkswagen golf gti. part of the award-winning golf family. the possibility of a flare was almost always on my mind. thinking about what to avoid, where to go... and how to deal with my uc. to me, that was normal. until i talked to my doctor. she told me that humira helps peopl

. >> bernie sanders speaking in southern california now going after disney ceo bob iger.he says disney makes its merchandise in china. >> mr. iger responding. here is what he wrote. to bernie sanders, we created 11,000 new jobs at disneyland in the past decade. he asked, how many jobs have you created switching gears, sign to ditch the car, take the bus, shuttle or the ride? >> that is a reminder for anyone headed to the golden gate bridge this long holiday weekend. they are restricting cars in the vista point parking lot to prevent traffic backups on the bridge. they are friday through monday from 11:00 a.m. to 5:00 p.m. >>> these adorable birds are the reason a stretch of beach in marin county is closing. >> right now through labor day, it's nesting season for the snowy plover. that is a threatened species. each summer weekend, rangers are going to close a small stretch of the stretch of sand. >> look how tiny. >> it will be off limits to people. the chicks and breeding adults will get privacy they need to thrive. >> you will have to excuse nasa right now workers. they

the chief executive of disney, bob geiger -- bob iger, has paid a visit to chinese president xi jinping. xi also took the opportunity to talk about trade, saying that, thus far, the potential for economic cooperation between china and the u.s. is -- 05/05/16 05/05/16 [captioning made possible by democracy now!] nermeen: from pacifica, this is democracy now! >> we have done in the last 12 years about 70,000 interviews across america, two people coming to talk about what is important in their lives. a lot of these stories talk about work and what this book is is a love letter to people, teachers, nurses as you said, social workers, people who don't get the credit they deserve. nermeen: today, "callings: the pu

ceo bob iger kicking off the thannings call by talking about the h films. there seem to be concerns about the media networks division including espn, its revenue is flat in the quarter, that weighed on disney's succes >>> robert luna joins us more to talk about disney's disappointing earnings, at least the street was disappointed. he's ceo and chief investment officer with surevest capital management and disney is one of his top holdings. welcome, nice to have you here. >> thanks for having me. >> the street seems disappointed but does the stream have it right? you seem to think the fundamentals are pretty strong. >> i mean, to the point that disney's a company that just doesn't miss, right? they pretty much do what they have to do quarter over quarter to meet earnings. so seeing them slip 5% in after hours isn't that surprising. i think this is truly a gift for long-term investors because it's really more focused on what happened in the last quarter than what we're curtly seeing in this quarter. when you look at films like "captain america," "the jungle bo

here is bob iger to bernie sanders. at disneyland and anaheim in the past decade. our company created 18,000 in the u.s. this last five years. how many jobs, have you, bernie sanders created? what have you contributed to the u.s. economy? so bernie sanders is quiet. he is silent on the economic growth that disney has brought to the u.s. economy. you don't hear a word from bernie sanders about that. stuart: wonder how many jobs bernie has created in his 20 odd years in the senate? liz: he has been campaigning as anti-establishment figure. he has been in office since 1990. got a lot of big government spending wishes he wanted. stuart: woopty doo. hillary clinton in fight in california, dead heat with bernie sanders, 46-44, statistically dead heat. 12 days to go before the big california primary river and monica crowley is here. you were the first one to say on this program, you don't think hillary is the nominee. if she loses california, i think you're right. >> all hell will break loose when she loses california. when th

bob iger was met by the president she jinping a few years ago. of importance to the sector. but the shanghai theme park battle is going to be something to watch. we are reporting live from the opening of shanghai disney on the 16. haidi: we are looking forward to it. tom mackenzie and beijing. apocalypse" led the way for the box office, ahead of disney's take on alice in wonderland. it took in $65 million in its debut. "alice through the looking glass" took $8 million. up next, the next guest says china has little room for error as the rebalance is the economy. what they can still do to overcome the challenges. ♪ 7:44 in singapore. stories making headlines around the world. thisandslide winner of month's presidential election, he claimed or than 6.4 million votes ahead of the other candidate who had 10 million. the woman was backed by the outgoing president and defeated dictator by over a quarter of a million votes. migrants are feared dead in the mediterranean. thousands of other ships by coast guard's and other ships. this appears to be the wor

mark: and in the conference call, bob iger said he is performing -- pursuing online streaming deals.the u.s., of meeting in washington. house speaker paul ryan speak with donald trump. seeking real unification of the republican party. can that two actually found common ground? we bring in margaret from the d.c. bureau. mitch mcconnell is getting on the trumpet train. can paul ryan it on this? you have asked if they can find common ground, and the only common ground that matters is their desire to beat the democratic nominee in the fall, which looks like it will be hillary clinton as the woman to beat despite last night's turnout. but paul ryan has been so clear, about his lack of enthusiasm and willingness at this point to endorse donald trump. the optics of it, prevent anything from happening. unity is what he is saying is the key. hillaryd to beat clinton. and on both parts, especially paul ryan, real desire to take her down the sense of chaos or down the sensep of chaos or division. vonnie: how granular will they get? the overriding opposition is when the white house -- win the .h

disney ceo bob iger in a rare official meeting with the chinese president today, it comes a month beforening of disney's $5.5 billion theme park and the chinese financial hub of shanghai. the shanghai disney resort is the company's first theme park in mainland china. it will open on june 16. kobe bryant's farewell poem to basketball is getting the short film treatment. it's called "dear basketball" and scored by composer john williams. that is your bloomberg business flash. breaking news on saudi arabia, the saudi stock exchange hiring hsbc saudi arabia's fourth initial public offering. we talked about other firms that might be involved in it. now the donald trump is the presumptive republican nominee, he's expanding his efforts to unify the party but also fund raise. some are calling it a flip-flop after he originally campaign that he was the only candidate not taking large donations and because of that, he can shape up -- shake up washington. newsy day. carol: talk to me about mr. trump. he kind of shunned the traditional way of fundraising and now it looks like he's part of that group

disney ceo bob iger had a rare official meeting with chinese president xi jinping, months before the disney's $5.5 billion in part in the financial hub of shanghai. meeting, the president said relations between the two countries have maintained a momentum of sound development. sal khan, founder of the khan academy. it has been a year since we spoke. you have record numbers in every category. give us an update on where you are. sal: a lot of people associate us as kind of, with videos, and around math, but we are much more than that. we have had our partnership with the college board around reparation for the sat. without the data for this month, where we were the official prep. we have seen a 20% reduction in paid test prep. nearly half the students used academy for -- khan print. it is much more than videos. we are tied into things like the sat, trying to get as many students as possible to become college and life ready. we are doing a lot on the international front. i was just in india. we are launching an indian effort. we are working with the foundation in mexico, and also in bra

another hot topic we can expect on the earnings call, succession plans for bob iger. his departure. back over to you. >> julia, thanks. >>> coming up, we'll have some squawk sports news. scott, you really are happy about it. you were a nationals fan too, right? >> capitals. >> i am from there, but i -- baseball i am a dodger fan. >> a lot of people bleed dodger blue. >>> washington nationals reportedly locking up pitcher stephen strasburg. details about the $175 million wapner-like cnbc deal next. the return of steph curry. overtime performance for the ages. it took 40 points and overtime to win. we bring you the highlights next. we needed 30 new hires for our call center. i'm spending too much time hiring and not enough time in my kitchen. (announcer) need to hire fast? go to ziprecruiter.com and post your job to over 100 of the web's leading job boards with a single click. then simply select the best candidates from one easy to review list. you put up one post and the next day you have all these candidates. makes my job a lot easier. (announcer) over 400,000 busines

in going to the results, we are looking for any kind of comment from bob iger.e is not saying much about the succession plan, as you might expect, in the earnings release. that is a team that will be counted on in the conference call. .isney shares are taking lower this is the tick by tick trade. alix: i want to piggyback off the cable network revenue you were talking about. part of it -- they did have an increase over at espn, which was the good part of it. the bad part is it was offset by lower equity income at a any. -- at a&e. the big concern was espn. it looks like that part of the does this held up well. &e that was the big question. as you mentioned, there was a lot of optimism about disney due to the fact that the cable networks had shown increase in a video growth and other media company said shown strengthening and market for tv. scarlet: not to mention the movies that alix gets so excited about. joe: disappointing that disney earnings and i joining the beat parade. alix: all right, what'd you miss? the truth behind the recent selloff in commodities. i

he said bob iger, ceo of disney his pay is proof we've got an economy built on greed. 46 million. he is also saying that abc won't report what he is saying because why? disney owns abc. but then disney coming back saying you know what? you're wrong, bernie sanders. you have your facts wrong. they are saying they have added $6 billion to the local economy over the last, you know, year or so. that they create 11,000 jobs over the last decade. they're also saying that they are going to expand even further, billion dollar expansion, thousands more jobs, "star wars" theme park will add to the local economy. you're right, neil, disney is essentially saying worker pay is based on what the skills are. neil: i was just thinking, i think charles, a lot are planning some of these characters you he see on site, that they will be robots now, which, might be fine. i'm just saying that be careful what you wish for because the company will find a way to replace you and not necessarily with human beings, right? >> there absolutely no doubt about that, neil. two major robot stories i wi

consumer products with softness there, and we saw in the period with steve jobs, whoever will follow bob iger>> well, "frozen" came out of nowhere and then more than anybody expected, and then a headwind to top it the following year. but if you are disney, how much of a premium the play over the others? because it is too fat, and people thought that it was too reliable, and now back to the market multiple, because people don't want to put a premium on the box office and the hit driven and they should not be the ones hastening the decline of the cable bundle, because that is the way that most people want the buy the stuff right now, and be there and figure it out when the time comes. >> and is there an argument for or against the guidance disney's case? >> well, it is for their approach which is not giving the guidance, and i give them credit for missing by four cents, put it that way, because they should not have passaged the numbers down and all of the rest of it, but disney, you cannot say they have suffered from not giving the guidance. >> and now, the chairman of commerce is explaining ho

you have to look at fact that also there are several ceos who their propaganda views from bob iger withsney with the h1-b visas to tim cook from apple and lloyd blankfein from goldman sachs, with the north carolina bathroom bill, they're opposed to that. the ceos use the companies that they run -- deirdre: this is more directed that it's in a news feed and essentially facebook has the power to curate what pops up on a lot of people's home screens. deneen, thank you. deneen borely with me there. shares of facebook, if you look, down half a percent today. yesterday, lifetime high and the stock is on a run so far this year. >>> speaking of tech stocks. jeff bezos may be celebrating tonight. amazon founder and ceo made more than a billion dollars yesterday when the stock closed at a record high. he personally is now worth close to 60 billion dollars. among the top five richest people in the world. one reason for enthusiasm for the stock. amazon account holders can upload original videos to the direct service. this is a direct shot at google's youtube. amazon's stock up more than 1% today. >

and the board of bob iger, iger's contract is up in 2017 but some have speculated he may stay longer.e addressed that issue on the call as well. >> i will say or remind people that i have just over two years left on my contract as ceo of the company. and the board is very actively engaged in a succession process it has has been actually for some time. and it believes that it has ample time to identify a successor, under timing circumstances, that will be just fine for the company. i have nothing really to add in terms of the extension of my contract except that i don't currently have any plans to extend beyond the june expiration date, that is june of 2018. >> we're going to talk to a disney analyst at 6:40 a.m. eastern time. >> and jenkins weighing in here today, not all the time on the future of espn because she said box of something called -- a fork in the road called the ip multicast. live is biggest challenge for internet. yes, espn definitely has a future. anybody that doesn't see espn in the future -- >> well, it has a future for sports programming but what about the othersy. >

leaves a lot of questions who will succeed bob iger. a lot of questions for disney's future. studio strong. theme parks and resorts with tremendous performance. media holdings, real trouble spot for walt disney. back to you. deirdre: lori rothman, there on the floor of new york stock exchange. it may be a rough go, inddyingses are for disney tomorrow morning. we want to get you back to two versions of one video. in a 2013 press briefing a white house spokeswoman gave credence to the idea that the government lied about when nuclear talks began with iran. here is edited video. this is where rosen says a key piece of the briefing was taken out. you will see a white flash. that is in place of selected material. here it is. >> as you all are familiar with, whether it is their volumement in support of the regime in syria or humanitarian issues, and so that has not changed that. >> obama administration says we showed up because our economy is falling apart. i'm here to tell you that is the not case. we have our own reasons for coming. >> we'll take a close look at his comments. we'l

the good news is that bob iger has two more years left on his contract. ernal candidate over the next few years or does the board asked bob to stay longer? amanda: one of the things that disney has gotten right is hitting on the movies. they said they're are going to stop shooting the moon on movies. they have switched from that strategy. paul: the movie business for disney -- they have been the most successful studio in hollywood for the last several years. for the next five years, that looks to continue. disney's strategy was to make big bets on and went for property right pixar, lucasfilm, and marvel studios. there have been mining those assets incredibly well. the have at least two blockbuster hits. jonathan: they don't just do well in the movie business. they do as well and surprising the upside. chartlet me show you this that will show you the five total return with reinvested dividends. disney in white has blown away not only the index but the competition. .ob iger has done well does he deserve $60 million a year? you decide as an investor. here's t

in fact disney ceo bob iger, he made comments after sanders spoke.want to play those and then i want to tell you about iger's facebook post. >> i'm probably only politician to come to anaheim and say this i use disney, not just to pick on disney but as an example of what we are talking about when we talk about a rigged economy. deirdre: so in a facebook post iger wrote back to bernie sanders, we created 11,000 new jobs at disneyland in the past decade. our company has created 18,000 in the u.s. in the last five years. how many jobs have you created? what have you contributed to the u.s. economy? so, ben, what do you make of iger's comments? obviously he was annoyed and pushed back and with facts. >> he is totally right. disney has been a boom company. a company people are begging to work for. one of the main things that sanders said you pay your employees very poorly and yet you charge these enormous prices. yes, and eventually the people who work there and are paid poorly work their way up are paid quite well, enjoy their jobs very, very much and mo

week.ee so elsa is making her way back playing her would be -- oh, i o can't remember the name but bob igerney ceo was there we for the reading.for the readi they have apparently ---- they're redoing the saint james theater so it can be big enough for all of the ice castles to show up with thep wi depth and the size that theyha t need. this is going to be a big b splash.lash summer 2018. come on up to new york. maybe i'll take you to see "frozen." >> so i guess it won't be -- >> reporter: if it's like a hamilton ticket i might have iig to do some crowd funding. fun >> this is what i wast i thinking.thin let's z here in d.c. we're getting hamilton in 2018.01 so then maybe we'll get "frozen" by 2020. by 20 >> reporter: okay, if youkay,f y see -- well it's going to beng e awhile. aw you haven't seen hamilton. >> no, i have gone to new yorkav and seen hamilton.e d seenamil >> reporter: okay.te and what did you think?nk? >> oh, it's off the hook, amazing. am like nothing else on broadway. b >> reporter: is it worth ther:it price? >> i believe it is. >> reporter: is it worth the>> prr:ice. >> i b

, and the partnership with disney has been successful over the years, and i thank my good friend bob iger gave us the pole position of us opening at the entrance of shanghai disney on the 16th which speaking to star brand and confidence that disney has in us. >> and it is the expansion into the world's second most populous country, as well. >> and india is a leading partn partnership with tata, and we have hundreds of stores in multiple cities in india, and the growth is going to be slower there than china because of the infrastructure issues, but the growth in india is going to be paralleling the growth in china in terms of the number of stores that we will have over the long, long term. >> all right. so what about the u.s.? well, starbucks is is breaking ground on the previously announced roastery in a meat backing district, and the race is on to see who opens up first. and we will have howard schultz more on closing bell. >> and schultz knows how to strike a good partnership, tata and disney with the shanghai opening. >> oh, yes, and talking about the significant openings, and they hav

something that got almost no love from analysts on the earnings call was ceo bob iger.ows there are 5.7 million open jobs in the u.s. it shows because the positions are open, they're having a hard time finding the right workers. in 2007, before the great recession, there were an average of 4.5 million job openings a month. last year there were 5.3 million open positions on average. now, the job skills gap a major reason why there are still high levels of part-time workers, high levels of underemployment in the u.s. economy. it's why many americans feel disgruntled about the economy. it's also a big part of why wages have not increased much overall during the economic recovery. it's a really important story on this disgruntled economy front. what are we going to do about skills and education to adapt a work force. all right. this afternoon, a judge will rule on the mental competency of the suspect accused of killing three people last year at a colorado springs planned parenthood clinic. robert lewis deer was in court tuesday attending a hearing to determine whether he's

, and they have a great relationship with disney and good for them, but if they buy time warner, bob iger has to get off of the board and that is going to go south, and might remove some of the string pulling. >> and we talked about the string pulling yesterday, and you said it is a big ball of string at apple headquarters, and do you find that the timing of cook's comment in india or wherever that comment was made and this report, do you think it is coincidence? >> i don't think it is a coincidence and i think that apple has gotten themselves into a corner here, and they have goep as far as they can with the current strategy. they have to buy something big in the arena and bust it up as they have traditionally or do a leap and do over the top cable evenb though they would have to do it at a higher price than they want to do, because the people who own the content are not going to give it for cheap the way they did with music. >> and people tend to overcomplicate the apple story, and dive into the stories, but the story is that it is the most profitable product in the history of the world

liz: still losing customers despite bob iger.hey lost 7 million espn customers within the last two years. stuart: 7 million in two years. >> because of competition, you can get your sports programming elsewhere. disney is concerned that it's lost its magic and ceo bob iger plans to step down in june 2018 so plans are in play here. stuart: espn again is the problem, the bottom line liz: that's right. stuart: okay, let's get to politics, why not? the economy front and center. bernie sanders beat hillary clinton in west virginia big time. 15 points. he's not going away and even the republicans, they're paying attention. look at what rnc chair reince prebus. it's nothing short of embarrassing, hillary clinton has been beaten over 20 times for a 74-year-old socialist. >> she's going left. >> yeah, she actually won west virginia, and the effect of coal miners and coal companies. for her, in health care, she's moved over to health care. he says he wants of course, single payer. >> and she says maybe we should let people buy into medicar

scarlet: bob iger at a rare meeting with the chinese leader today.eme park in shanghai. the shanghai disney resort which is their first theme park will open on june 15. alix: walmart will do put greeters to its entrances and exits which is a move to stop shoplifters and improve customer service. it expects to fill the positions with existing employees so the headcount will probably not go up. that is your business flash update. scarlet: let's turn to canada where a wildfire in northern alberta in fort mcmurray has forced 80,000 residents to evacuate. companies like suncor and royal dutch shell are cutting back production and opening work camps for fleeing residents. alix: our canadian managing editor joins us now from toronto. these pictures and videos are unbelievable how fast this thing is spreading. what is the latest? >> the fire is contained. the province has updated us and they say there are 49 active fires including seven that are out of control. it shows you how bad it is on the weather is not helping. we've got temperatures around 30 degrees

we expect analysts to ask if there's an update on the succession plan for bob iger and any insight in shanghai park launching in june. >> earnings tomorrow. string of hit movies. but you can't necessarily take that to the bank forever. >> that's actually the big question. julia said investors want to hear about espn. right now that's mainly what they want to hear about. the market has always been reluctant to put much of a multiple on studio earnings. they don't want to extrapolate obviously one hit into another into another. of course, disney doesn't get all the dollars at the box office. but julia said, nine marvel films in the pipeline? i think there was some sense out there maybe this franchise is being overworked. this film suggests there's still life. >> marvel. >> i've got to ask, though, how many super heroes are you going to have in one movie. the power girls will be added in yet. >> i think if this category was susceptible to overkill, we would have reached it by now. >> the falloff cliff is growing. valeant ceo joined the beaten-down biotech company. here at td ameritrade,

at the same time i do know -- i mean bob iger has been very clear about this.ney has approached the shanghai park with a lot of lessons from hong kong. in other words, you can't do everything the same all around the world. they're not baseline and deft to the specifics and nuances of the chinese market and consumers. it's kind of interesting. it's fun. it's bluster. >> theme parks, it needs going away. disney, that's a huge strategy for them. it builds their eco system. it's beyond the tv issue. i don't think it's going to change any time soon. >> that being the case, even if this is a lot of bluster, you know these guys are, you know, ambitious and do you expect that, hey, they might have the backing of the chinese government some day to grow them to sky and make them competitive not only in their home country but around the world snow. >> it could. i don't know if disney has plans of entering into various different markets like 20 or 30 different markets in china. maybe, but that's not what we're hearing right now. they're in one market right now and they're

it's because of what bob iger said on the call.ow he characterized the trend in subscriptions is going to matter and people have to get reassurance that this very, very herb slate of franchise moves is going to be worth paying up for. >> what about the subscriber base at disney. how important is it for you to see growth there or are you comfortable with declines? >> i'm not focused on espn. i think over time you'll see any weakness on espn be strengthened by media in the library in the box office results. i think it's a multi-faceted company overtime and dependences will shift. even as people elect to skinny down their bundle, i think they'll start to show growth at some point. >> robert, you also emphasize the strength in their box office and even how well "the jungle book" did in india, right? >> right. like you mentioned, let's not forget, the jungle book was the largest ever that happened in india, so that's a whole new exposed to disney. i wouldn't give up on ditzny just yet. if you're a cal sprel spread investors i don't know

disney ceo bob iger responding via facebook to bernie sanders. we created 11,000 new jobs at disneyland in the past decade and our company cited 18,000 in the u.s. past five years what have you created? what have you contributed to the u.s. economy? adding final line, so there. [laughter] all right. childish. larry glazer is fortunately never childish. what do you think of that response? he took him on, larry, we know what you've been up to. we've been up to creating a lot of jobs for folks? >> you know, neil, just shows you how contentious this democratic primary in california really is going to be. no surprise a spat can happen, particularly a big employer in california, bierne who has very strong views. what is surprising disney was the target. this is one of the great american success stories. one of the great success stories in southern california. they have increased employment by 65% in the past decade at disneyland. this is company grown its employment base. also competing globally. they're able to export that content, their movies, brand

expect questions about on the earnings call analysts are sure to ask about succession plans for bob igers been a month since heir apparent ceo and tom stags announced his departure. >> julia, i wonder if tonight might mark a step change in disney and how we understand the culture. a lot of commentary that the culture is changing to one of cost control and operating efficiency. i mean, if you google disney at the moment, or disney parks certainly you're going to get a lot of commentary about how they may be seeking to cut costs there even of course it's an expanding business even though prices are rising. what do you think we'll get on that front tonight? >> you know, i haven't heard anything about the culture at disney changing. it's one of these companies that because it has so many different divisions, you know, there's the parks, the movie studio, the tv business, there's consumer products, it has different people running each of those businesses. and when it comes to parks there's a lot going on right now in terms of expansion, they're building "star wars" worlds at the two parks her

bob iger was talking about it on his conference call recently on may 10th.terized it as being between the big expanded basic bundle category and the lighter packages, talking about the feeling really good about the opportunity. i guess as somebody who's paying all that money to these programmers, how do you feel about the growth of a company or an offering that hulu is talking about right now with all of these programming partners? >> well, you know, it is true we pay a lot of money. in fact, the new charter will be paying $9 billion a year to programming companies. and that in addition to those license fees there's another 4 billion or 5 billion of advertising on top of that that comes as a result of our distribution. so, you know, we're a significant contributor to the development of content. and i'm not sure what the business strategy of the new hulu product is, but my guess is that it's really designed to reach a niche product -- a niche market that wants something less than the total service of today and is unwilling to pay for the total service of toda

person who abuse surprised is bob iger, who sits on the apple board. disney. if this does not make sense, is there another content deal that may make more sense for apple? andrew: if you want to be in the video business, netflix. you have the global leader, the business that is already scaled internationally. you have a company that has a broad content-based to sell that you could accelerate. in have an adjustable market that business that is significantly larger than any you would get with individual content. maybe not you see netflix taking the bike? is apple doing things apple is not good at? apple once the revenue growth. vonnie: didn't it learn lessons from music, from its radio? cory: they have followed in the face of music. they owned the music industry and let it slip away. i do not understand what the ambitions are there. talk about other forms of revenue coming from regular content consumption, this starts to make sense. >> just strategically, the question is is this a way of selling more iphones or is this a way of making money in the conten