is going to be a question for bob iger of what price.t headlines from jay powell's first congressional testimony. what will happen during the q&a? if you have a bloomberg terminal, check out tv . charts andr graphics, and wrecked us directly, scroll through and check it out on your terminal. you can also contact us on twitter. this is bloomberg. ♪ ♪ this is one of the standouts from jay powell is prepared mark -- prepared remarks. "strong sales growth will likely continue to boost business sentiments." david: as you say, it is all about the q&a. it is four pages doublespaced, pretty darn short. alix: a totally different world than janet yellen. the key, how will he categorize inflation going forward? growth is good and they are keeping the set pass, what is that mean? how does fiscal stimulus weigh in on that? what the excitement coming up in about an hour's time. "bloomberg daybreak, the open." this is bloomberg. "bloomberg markets, the open." this is bloomberg. ♪ >> from new york city, i'm jonathan ferro. this is the countdown to t

we have here to talk with us, disney ceo bob iger.ou for joining us to discuss your earnings. parks and resorts, what's going on there to really drive this upside in the top and bottom line >> it starts with success across the globe. particularly in some of our international -- in one particular international park in resort in paris that had a number of years when the numbers weren't that good. we've had record revenue, record bottom line. it's an across the board success story. it also includes our cruise ships which had a great quarter. >> there's always a big emphasis on your cable networks, business, particularly espn. you see networks what's going on there and what's the health of espn >> there were some ins and outs in this quarter, particularly when it involves some high-profile events like the college football playoffs. if you look at the underlying business, what we've seen is improvement when it comes to sub losses they abated somewhat in the quarter. that's a good sign particularly important or encouraging -- or noteworthy,

a rundown of those results and comments from the ceo, bob iger. let's check in on furetus, down 270. >>> welcome back to "worldwide exchange." let's check back in on futures down close to 300 points, improving to 272 s&p down 22. the nasdaq down 9. the levels were at a relatively steady amount, so not like volatility we saw yesterday, and throughout the trading day itself, which were wild swings, closing up 560 points. >>> disney topping wall street's earnings expectations thanks to the success of its new avatar land bob iger spoke about the theme park performance last night on "closing bell. >> starts with success across the globe. particularly in some of our international -- or in one particular international park and resort in paris that it had a number of years where the numbers weren't that good. and they have improved substantially. but we have also had record results for our domestic operations as well >> iger says they will launch the new espn streaming service this spring. one version of the app will cost 4.99 and will offer live sports a

higher not just on the upbeat news on parks but also positive comments from ceo bob iger about the mediarks division including espn iger announced the new espn plus app will cost $5 a month and he also said subscriber declines are slowing. >> well, there are signs that young people are coming in to multichannel television. people that were once called or thought to be cord nevers are starting to adopt to packages that are less expensive, hulu for instance about $39 a month fewer channels but more mobile friendly that's a very good sign. and espn as well as our other channels are on all of those services and all the packages that are offered. >> iger also detailed the impact of tax reform saying the reduction in disney's tax rate gives the company access to more free cash flow which will result in more investment >> we've had a good track record of investing in organic growth in our businesses, parks in particular i think the results that we just announced are the result of those investments. we've also increased our dividend nicely over the last number of years and we brougoug back a sig

julia: and what about bob iger?ng here -- he called sky the crown jewel of fox's assets. with the be happy with fox's assets minus sky, or does he turn around and say we have to pay a little more? ed: it is fascinating. basis he fox on the would have at least 39% of sky. there are two options. one, they could end up owning the current fox share. that would not be ideal for them, particularly if the remaining 69% was owned by comcast, a huge rival for them. the other could do is somehow launch their own bid for the remaining piece and see if that is something that could win shareholders over the comcast bid. another option as fox coming back over the top of comcast, offer a higher number, and then disney ends up with the fox deal and the option of buying the whole thing, but that raises the question of does disney have to recut the deal? julia: the timing is important because we know fox is having a shocker in the u.k. trying to get this passed regulators. that is another angle. there is an assumption here on the par

a lot of things that bob iger wants at sky.ll have to work with the murdochs for some sort of a competitive bid. emily: how do you expect thoughts and disney to respond? paul: i think they will respond. i don't think they will let this unchallenged. if you are bob iger, you have to sit back and think, how badly do you want to be in the european pay-tv business? i think probably disney will come back and be the bidde two practical over topr of comcast because disney will have a cleaner regulatory pass to approval even though 21st century fox is already possibly a year into their transaction and the regulatory process. disney will have a better and easier pass and might be the preferred bidder. emily: give us a little more detail on what fox is dealing with and u.k. regulators and how that plays into this equation. yes.: this is a deal the murdochs have been doing for quite a long time. they keep doing things that anger the u.k. regulators. this issue is still unresolved. it has several months away. right now, disney and fox down

vonnie: brian and what do you have with bob iger -- what issues do you have with bob iger's strategyorward? he has made major moves into diversifying the revenue. brian: none. the problem with disney in general is investors don't appreciate the ongoing and permanent market erosion that the company faces because of espn. i think that is longer-term perceptions of the company are misguided. what i mean by that is if you look at the cost of sports rights, for example, probably cost ofest source of the company outside the parks division, you are looking at double-digit annual increases, beyond the current cycle of contracts. especially when you look at facebook, google, amazon coming causeis is going to ongoing and permanent market erosion for the business, on top of the fact that you have subscribers falling apart. mark: brian -- sorry, vonnie. vonnie: just the announcement of the 499 streaming service, is that the correct price point? well it ran out of -- will it ramp up subscribers fast? brian: it sounds like a good product. it will be a niche offering. diehard sports fans will find

bob iger also talked to us in a way that gave investors to be confident about challenges to the networkand espn in particular saying dakotaal distribution is helping to compensated for cord cutting and subscriber declines are slowing. he said he is seeing signs young people are coming into the tv subscription service that many people thought were cord nevers and they are adopting packages like hulu's new tv service, over the top service, the fact that it costs $39 he says is proving appeal to that younger generation he says he sees that as a very good sign especially considering the fact that espn and all the other disney channels are in those services as well iger involved details of the company's direct to consumer app, announcing that espn plus which will launch this spring will cost $4.99 a month. >> sometime in the spring, we are going to launch a completely revised and basically redesigned espn app that will include an array of live programming that is not available -- live sports, live sports events, not available on the current channels and that's by the thousands. >> one intere

they may surprise $31 billion offer the disney ceo bob iger called the crown jewel of the package heeeking to buy from fox. manager.s is portfolio , but it startses with bob iger, that he called this the crown jewel. >> you have to control the cash flow. owning 39% is really like owning nothing. so you have this in norm is free cash flow and notice the word free here. they fill the satellites. it is profitable if they hook someone else up in addition. the free cash flow. it is a very contentious and long battle. scarlet: this is considerably higher, you can basically expect a counter offer here. >> i can't imagine an asset that is this unique in an environment where interest rates were the slow and there is this much free cash flow is to stay at this level. i find it hard to believe. he's not afraid of it. >> will they have to pay? >> i think the shareholders would probably be happy with 15% or 20% of both. this will take a long time. it is torturous. you have 14, 15 months. you're not talking about a final bid anywhere. think this is not bad for the shareholders. the real flying the

bob iger says it was thrilling to see the technology in the film. dough off that film. "early start" continues right now. >>> half of you are so afraid of the nra. there's nothing to be afraid of. we have to fight them once and a while. that's okay. >> the president says he is willing to fight the nra, but after hearing from the lobby, the white house appears to back off a proposal to raise the minimum age on guns. >>> classified information. the white house won't say after the deadline to deal with clearance has come and gone. >>> a pause in fighting right now in syria ordered by the russian president. why is it vladimir putin's call and is the peace holding on the ground? early signs not great. welcome to "early start." i'm christine romans. >> i'm dave briggs. it is tuesday, february 27th. we start with gun control. lawmakers and nation waiting for clarity on the gun issue whiand while they are waiting, the president spoke to governors at the white house. he was firm on the issue of bump stocks which increase the firing rate of the semiautomatic

. >> it was bob iger. espn won't have as many subscribe subscribers.ng out and the spiral went from there to oil. >> and the fraternity of media leadership didn't like us very much. it is a fraternity. >> very much. >> let's talk about this cord utting issue because typically if we're going to disney earnings, how is espn doing? how are your cable networks and things like that and your theme parks. but we've got this other little century fox a 21st acquisition going on. how central will that be? distract from it the underlying issue? >> you'll expect bob iger to if not a lot bit this afternoon on fox much major step or, forward. and it really changes the landscape in the whole media industry. happen, by the way, even though another network suggested will come in there. rupert murdoch wants to be the largest shareholder in disney as good as l is done. >> i work for disney so full disclosure, i know bob and i've years.him for many but how is he positioning the company going forward? hy is this such an important strategic move? it compare to some of the o

when you think about the fact that disney is buying fox, bob iger and the walt disney company are sayingenough scale to compete. rupert is selling his company and jeff up-ice is selling his company to at&t. there is not a leg to stand up for cbs to say, we are fine and will be ok, we are big enough. it is not a logical argument. vonnie: by a calm, there's -- viacom, their stock is suffering. >> fine through a lens of, it has not gone down meaningfully over the last 12 months, relative to viacom, but cbs, relative to the growth in stocks like netflix, or facebook, google. the entire industry is suffering . none of the companies are doing well in legacy media as all are challenged. disney over the last two years has not grown. vonnie: can cbs take advantage of the scale that viacom would offer? the international distribution? >> the point is that cbs and viacom need to get a lot bigger. this is just step one. you will see a multiple step transaction. step one is combined the companies, quick and relatively easy. you can do it before the end of position to doa other acquisitions or transact

david: angela cc bob iger buying a good chunk of it -- and if he sees at bob iger buying a good chunkl be like, wait a minute alix:. how did you get that question mark -- how did you get that? david: thank you. deutsche bank disappointed pretty much across the board this morning. the stock is falling on the news still holdings out hope that he believes growth over turn 2018. earlier, matt miller talk to it the ceo in favorites for deutsche bank about the turnaround plan. >> i am more confident this year than last year. although, it is fair to say it any bank did not anticipate what happened in the trading markets last year. it turns out, we are disappointed with the year and quarter on quarter revenue shipped. we gained market share, which is perhaps reflective of the fact that we are on a recovery phase. right now, i think that there has probably not been as good a time to be in banking in the three main economic blocks. because the economic backdrop is marvelous. levels client activity are picking up. much more on the corporate side than on the institutional side, but there are driv

bob iger has his theme parks to thank.me, it is not star wars but avatar. , >> it is the avatar theme park. the theme park business, every single year continues to put out high single-digit or low double-digit earnings. it is an unsung hero. disney continues to invest a tremendous amount of capital. they just opened shanghai to the tune of $5 billion. the returns are very solid. >> it is in a discussion with softbank. it is also planning to list a take in its mobilephone unit. what do we know about softbank's ipo plans? >> much of the news is already out. alibaba has reported its earnings by them. but they always give you something to talk about. this time it is about an ipo. not much is known other than the company seeks to list all of its domestic telecom assets , including its broadband operations sometime within the year. we do not know the amount of stake they want to sell or how much debt it will take on but one interesting takeaway for softbank shareholders is that the ipo will be focused on the dividend payout. >>

and i think he will come isk, avengers infinity war lined up for may, and this is a big deal for bob igerbout it. and he doesn't tweet an awful lot. emily: this is a fascinating story about diversity in front and behind the camera, and the me too movement that is exploding in hollywood. you see an inflection point right now in terms of who is making movies and how characters , especially women and ortrayed?s are per to be a longer haul and there's conversation of people jumping on the success of wonder woman and black panther to say why you have been doing this earlier and more often? it is crazy with to talk about it being a big deal that you have a blockbuster movie with a black protagonist or female protagonist in the should be the norm. whether it gets institutionalized in hollywood comes down to whether they get more shots over and over again because what you hear most often from female directors and directors of color is that they will have a big success with the doesn't work to get pushed aside in a way that doesn't happen to their white, male colleagues. the continued evolution at

good question, right >> or bob iger. >> he needs more super bowl commercials. >> the canadians likedmusk. >> he is taking us all to space. all right, guys. >> musk and bezos. see who takes us there first >>> as we head to break, major averages going for the first four day win streak since early january about veee a ayith usksgo feel that? that's the beat of global markets, the rhythm of the world. but to us, it's the pace of tomorrow. with ingenuity, technologies, and markets expertise we create the possible. and when you do that, you don't chase the pace of tomorrow. you set it. nasdaq. rewrite tomorrow. no one wants to be bald. but there is hope. - when i look at myself now, that's what i want to see. because that's really me, that's me inside and out. - my wife's told me, "you look great." - i love having my hair again. - [narrator] hair club offers all proven solutions backed by our commitment to satisfaction guarantee. if you're not 100% satisfied with the solution you choose hair club will apply the full purchase price to another proven hair loss solution, at no charge. - it ma

mark: comcast may have outfoxed rupert murdoch and bob iger.prise they made a bid for sky, topping the fox bid for the broadcaster. joining us now, bloomberg's penti. panty -- withyn mccall has come in a wonderful reputation. day, whena difficult you look at the share price, rebecca. rebecca: the shares were down as much as 9.3%, largely on the outlook that people think that is not so great, that they could have done better. she is predicting 1% revenue growth in the first quarter. analysts were thinking it would be more like 3%. to that, she cut the special dividend that they relied on every year, saying it should be reserved. mark: given the likes of netflix, amazon, such a competitive had space, what is her mission going to be to win back those shareholders? those who seemed to be disappointed today? tom: she is keeping -- rebecca: she is keeping shareholders waiting for that. that's another reason it was down so much. there is this strategic refresh we talked about and she is short on details in terms of what she will do to turn things arou

disney ceo bob iger says the technology in the film inspired young awes so it's fitting we show our appreciation by helping advance s.t.e.m. programs for youth, especially in underserved areas of the country, to give them the knowledge and tools to build the future they want. in the movie women are depicted as strong and technologically savvy. but in reality, according to a u.s. department of commerce report, only one-quarter of women hold jobs in s.t.e.m. fields in the united states. cal stanley hopes these kids will see themselves in these characters. >> kids need visual aids. we all do. and if you can see it, then you can be it. and if it can be conceived, it can be achieved. >> reporter: in oakland, lyanne melendez, abc 7 news. >>> meteorologist drew tuma is standing by with an update on the forecast. plus e-cigarettes might help you stop smoking but they could double your risk of another health probl >>> there could be a link between e-cigarettes and risk for heart attack. as jonathan bloom explains, some say it's too early to draw any real conclusions. >> reporter: inside his office ucsf p

parent company of this network >>> during a trip to paris to meet emanuel macron, disney's ceo, bob iger, declined to comment on the offer and elsewhere in the u.s. today, jay powell will take the stage in his first public appearance since taking helm of the central bank he will testify before the house financial services committee with remarks being released at 14:30 cet. on thursday he will appear in front of the senate. he will be closely watched for signs he could take a more hawkish view on inflation or the rate hiking cycle. over the last few weeks, a number of other fed members signaled they could be comfortable with inflation rising above the 2% target >>> back in the uk, persimmon shares are on the rise and are on track for the best performance in six years this after the home builder reported underlying pretax profit up by 25% to 977 million pounds operating margin rose to 28% it's also boosted its dividend and had an optimistic outlook for the year >>> shares in standard charter are higher after the bank soared past expectations for the full year underlying pretax profit rose

potentially spoil disney's quest for 21st century one which owns 30% of sky, of the reasons for bob iger looking to buy most of fox in the first place. a complicated situation. the u.s. media companies are trading lower. we are 90 minutes away from the end of the monday session. it's all about jay powell, is in it? -- stoxx 600 down .2%. the gauge for the record has rebounded 3.8% since falling to an almost six-month low on figure nine -- february 9. sky is the big gainer, jumping as much as 22%, the biggest increase in 14 months, highest level since 2000 after comcast eached 12 pound.50 pounds for share. 1337 is where we are -- investors anticipate a bidding war. fox has been struggling to get regulatory approval. a counter offer well above comcast is now very likely according to jerry demings. the disney chief executive called sky a crown jewel among fox assets. sky is a big gainer today. standard chartered shares of earlier 4%. it restored its dividend after he to your suspension -- after a two-year suspension. bill winters is gaining ground in the bid to get this back on the road. th

brian roberts or sells it to him, it is also what the hedge funds want as well the big question is bob igerpert murdoch, brian roberts, does that work together? we don't know. back to you. >> back to the uk premiere league soccer rights, not only has the price peaked pore what they have to pay to have those rites in the uk, but the fact they have extended those rights presents an extra cost-cutting opportunity for comcast given that in the states nbc has the rights and you may now be looking at sharing various broadcast platforms. i think that points to a bigger question about the ability of comcast to come in and finesse some operations of sky, and some cost-cutting synergies, given that sky is not just purely an entertainment asset, it's a distributor of content, which is conten content. >> let's be honest about it. comcast is in a dog fight at home as well as internationally. all the media companies are looking at what kind of format is the best one for 21st century viewers. it's about the likes of you, seem ma a se seema and millennials. pay pv tv is so big for this company. people are

bob iger says that several star wars tv shows are in the works that will be released on the upcomingg service. >>> coming up, the seven things you need to know before you go. >>> you can see more great photos like this oun. this looks like muir woods. thank you to thomas. post your best photos and video. post your best photos and video. use the #abc 7 >>> it's 6:57. herere the seven things to know before you go. number one, after hours of public comment last night, still no decision on alameda's controversial license plate reader cameras. the police chief says it's a safety issue. others worried about privacy. >>> number two, the death toll climbed to six in taiwan. 76 people are still missing. >>> number 3, aaron persky. the judge who sentenced brock turner to six months in jail for sexually assaulting an unconscious woman will be up for recall in june. >>> it would include marching troops, rolling tanks and other military equipment. martha raddatz will have more at 7:00 a.m. >>> wall to wall sunshine and record highs come to the day planner. starting off in the 40s to 50s. we'll en

david: we have news on bob iger suggesting in the springtime they will launch completely revised espn app. so the point they're revising an app for espn to me builds on top of what was just said going into the streaming business more whole hog, going hulu, not only hulu but also sling. they're using two methods of streaming information from espn, rather than relying on cable. melissa: john, does that get the trick done? what do you think? >> still think it is a bit of a gamble. not as big of a gamble with wb who was successful with it. it's a bit of a gamble. you're taking away licensing fees. cannibalizing your own business. part of espn subscriber loss, those people went to hulu and sling and red zone. melissa: all of us does not have, they don't have cable and they don't have directv they're watching on some streaming service. you have to figure out how to capture those folks. david: my daughter doesn't have it at all. all streaming. >>> keeping calm amid volatility as investors trying to grasp what's behind these wild market swings. the white house telling americans not to worry.

a big idea from bob iger that has been part of his strategy in the works for quite some time thousandllenge for disney is content. and producing new content to really feed into these new digital services including a new did i say a disney branded service launching in late 2019 as well as the hulu platform. so a lot of big challenges ahead for disney as they try to get into this relatively new area of digital services and digital streaming. but content is going to be the big issue for them going forward. >> all right. thanks so much. >>> still ahead, rescue crews in taiwan are frantically searching for survivors following a major earthquake. >> we'll go live overseas. 7 days ago, karen wasn't thinking about joining her daughter's yoga class. she was thinking about her joints. but now that she's taking osteo bi-flex, she's noticing a real difference in her joint comfort. with continued use, it supports increased flexibility over time. karen: "she's single." it also supports wonderfully high levels of humiliation in her daughter. karen: "she's a little bit shy." in just 7 days, your join

but you know how tenacious the murdoch family are and you know how bob iger has a vested interest ineeing the existing bid go through. it will be interesting at this stage to see what they can come back with here clearly brian roberts has put an attractive bid on the table for existing sky shareholders. just one other point to make, four people who are not so familiar with what sky does, they create entertainment content. they are a digital and satellite platform here in the iuk they provide internet services over the phone and via satellite. they have a news business. in many ways they would be a natural fit for comcast at this point. they have just won a bid for the main chunk of "power lunch" rigremiere league rights in the uk and that would give comcast access to a globally attractive football franchise when i say football, i mean that in the english sense of the word rather than the american sense of the word. >> geoff, it's early on this, but the question will be what the 61% of shareholders who are not rupert murdoch, what those other shareholders think about this deal. that w

. >> thank you >>> coming up when we return, disney ceo bob iger unveiling new details about the overop ideas. stay tuned you're watching "squawk box" right here on cnbc is the monolithic view of emerging markets obsolete? at pgim, we see alpa in the trends, driving specific sectors of out performance. where a rising middle class powers a booming auto industry. a leap into the digital era draws youthful populations to mobile banking and e-commerce. trade and travel surge between emerging markets. everyday our 1,100 investment professionals around the world search out opportunities for alpha. partner with pgim, the global investment management businesses of prudential. at holiday inn express, we can't guarantee that you'll be able to contain yourself at our breakfast bar. morning, egg white omelet. sup lady bacon! fruit, there it is! but we can guarantee that you'll get the best price when you book with us. holiday inn express. be the readiest. mvo: with everything that is going on around us and in the nation, we need to work together. we need to do it more often to help people that ne

this is stephen burke and bob iger. they know each other well.w how much of this is .eal in drinking box chain alix: if you are fox, who would you rather be with? would you rather be with robert iger? david: being with disney is a pretty attractive place to be. that is rumors. it was rumored that the partner really want to be in business with disney. alix: you can't have a at&t in time warner merger come through. david: we are going to get a decision by sometime in april or may. alix: antitrust all day. coming up, we are good to speak to robert shiller, yale university professor of economics. what is the impact of the volatility we saw last week of the resale investor and confidence? we will break it down with him. this is bloomberg. ♪ ♪ alix: stabilization, markets find their footing and charge higher after the worst week for u.s. equities in two years. installation fears, 48 hours from the latest rate on inflation as traders fear the inflation they were looking for. >> risk that interest rates will spike. alix: omb director mick mulvaney warns

disney chief bob iger is talking about it, saying at disneyland, it's a one-hour wait to meet the characterake photos with him. and to celebrate the movie's massive success -- more than 700-million dollars worldwide in 10 days -- disney and marvel are donating one- million dollars to the boys and girls clubs of america, to establish science, technology, engineering and math centers for kids and teens."this is real stuff, that's happening in real life."queen latifah is getting inspirational. she's set to star in "hope's wish," a drama based on a true story about a girl diagnosed with a life-threatening illness. latifah will play an executive at the make-a-wish foundation, who helps the girl with her wish: to fund the wishes of 155 áotherá sick children. (nat-music)the kings of metal return! metallica has announced north american tour dates for its "world-wired" tour. 34 shows are set so far, beginning september second in madison, wisconsin, and (robin) and here's a live look outside... at the bay bridge toll plaza. we'll be back with more of your kron 4 morning news after the break. reakáá)

in case of disney you have bob iger, the head of his business roberts, andbrian then the person who benefitsfrom this is rupert murdoch. time, thethe same murdochs and the roberts have not always been next to each other, it is fair to say. part of what has trigger the regulatory problems in london is with the murdochs. does rupert want to be more with bonding with brian? michael: it is hard to make these assumptions based on personalities. the personalities are really about who gets to win in this rapidly consolidating technology and media space, less about their personalities. point of view,'s all things being equal, he may have too bit more in order to get this asset. on thea higher offer table. this is already a much bigger deal than bob has ever made. he has made some great deals with pixar, marble, but those have been in the $5 million range, not this. michael: disney still ends up a winner, even if comcast ends up owning sky. when disney is getting with their foxtail, all the networks, the studio, another third of control in hulu. there is a great deal more in this for disney. go inf t

from bob iger, more than one "star wars" tv series is in the works.of details. the talent or narrative yet to be announced but do know these series will be created for the new disney digital platform which will be up and ready to compete with netflix and amazon in late 2019. >> wow. >> very cool. [ applause ] >>> also in the news this morning, this one i think you guys might like. one of the most popular quarterbacks in the nfl has been traded to the yankees of all places. who knew. russell wilson, seattle seahawks superstar was actually signed to the texan rangers for future consideration. that's been since 2013 but now they've let him go to the yankees in the same type of deal. wilson expected to attend preseason camp and workouts. okay, he has no plans to be a two-sport player, at least at this time. a little background here. 2010 wilson drafted by the lorado rockies. he played in the minors for two seasons before going to the seahawks for football in 2012. this guy can do it all. >> letting him have fun. >> they're letting him have fun but there i

that's tim cook, al gore and bob iger among others.s down about 9% from a recent high, though still up more than 20% over the past 12 months the shareholders we spoke to, today, very much bowled up on tim cook's company >> he said capital spending is going up from $12 billion to 16 billion, so that's up $4 billion this year. i think so with that amount of money they will find something new and exciting. >> tim's a great leader. he's ethical, moral, and i think he's taking the company in a very ethical direction that's good for business. >> they're very innovative always coming up with a great new product, very versatile and easy for anybody to use. >> tim cook fielded questions from his shareholders. he called the iphone x the new standard for smartphones and talked about his wearables business which he says is now the size of a fortune 300 company. shareholders asked him about tax reform, repatriation, capital return tim cook saying his board remains committed to annual dividend increases back to you. >> josh, thank you josh lipton mo

bob iger says the streaming $4.99e will be priced at a month. parks when the earnings jumped 21%, helping disney meet estimates. thank reports second-quarter -- bank report second-quarter earnings. at half thetrading value of its holding, which talked $180 billion and included investments and alibaba and yahoo japan. worthibaba stake alone is $138 billion. passg up, u.s. lawmakers another temporary budget, but will it be enough to prevent a government shutdown? episode,ave the latest if you will, coming up next. this is bloomberg. ♪ 9:29 p.m. if you are watching from new york. let's get the latest from the markets, where we are seeing a recovery rally gaining traction following a turnaround in the u.s. markets. we did see u.s. markets recouping some of the losses from this past selloff. we are getting some signs that at least some of the markets across asia are off their session highs. >> that is the case. perhaps we have this eco-data pending in the region as well as earnings, investors are digesting, feeding into the market sentiment. they are

and comcast challenges rupert murdoch and bob iger with a cash offer for sky. >> welcome, i'm david westerny? have before we get the senate remarks from j power. a little softer down seven points but we had the monster r

meeting worth two billion euros by the end of the encounter between emmanuel medical and disney ceo bob iger. the american company announced it was adding three new areas to his vast entertainment complex east of paris. one dedicated to the star wars universe. another to hit animation film frozen. and finally one centered around the marvel comics franchise. this invnvestment which rereprents the largest vessel w we made since we opened in nineneteen ninety two. is airect result of. growing cfidencee that wewe have. in thehe economy o of euroe and france in particular. the french president saudi announcement as a victory for the french economy. thank you robert eiger for your long term investments and very strong commitment in france your confidence shows that frances back. the work wilill start in twenty twenty one and is slsled to bring in much needed revevenue. it is twey six year histstory d disney claiaims the park has receid three hundred twenty million visitors and contributes up to six point two percent of france's annual tourism income. theme park has also had its leader years and ha