[indcernible >> a custodian would he to work for000ears to ke wha by bker makes -- bob iger makes. >>ero oinequaty and america. >> i t oit as the- th is t storyf near half america wkers whoan' make es meet. have dispassi growing within me, buding pow for woing-claspeople le me. >> [indiscerble] amy:e meet a numr ofisney workers,ncludi a couple named ralpnd trina w work ernighthifts support thr three ung chilen and earn $ an hourplus an tra 75 an ho for worng overnit. >> you guys met at disney? >> he some in the parking lot post i sd, do you wanto eat side the parng lot o inde the pk. we've beetogetherver sinc it w an insi park houn. >> athe time we first t, i hathis idea that weould move out anhave our familand evything. unrtunatel the enomy does t alw that. areucky eugh to that. >> was wteto he a house my ow we dreed of on i uld settle to liven an apartment. it wld be ce to ha it where i catell my ks that i can things my ownnd not have to relyn my parts. >> with th of h worki full time, we sll fall bow the povertlevel. >> we y to asuch ase can thatoes not requireny kindf mone weake $

one thing we've talked about including bob iger is ad-supported services.will tolerate commercials if they don't have to spend as much. >> we mentioned andy jassy arguing a prime subscription means less churn if you need it for other things, other than watching content. speaking of content at amazon, nfl season opener tonight on both nbc and peacock, julia caught up with lead commissioner roger good dell at sun valley earlier in the summer outlining his vision for what's next in the league take a listen. >> i clearly believe we'll be moving to a streaming service, i think that's best for the consumers at this stage. but we have so much interest right now, and there's so much innovation around that, and how we're going to be able to change the way people watch football. i think we'll probably have some decision by the fall. >> fascinating as we await b bills/rams. >> the ratings for those games on amazon. i've heard amazon has been telling advertisers they expect ratings to be down as much as by half from where they were on fox. there's this question of whet

talk about your writing to bob iger and then as you call it, the bobs. >> when i first met ralph, i wentietly. i had no intention of making a film. i went by myself. my daughter came with me. we sat in that circle, but without cameras. we heard everything everybody had to say. i was so enraged. i came home and i really thought about it hard and i sat down and labored over a very long email to bob iger because i wanted to lay it out for him because it wasn't just a question of the hourly pay, it was the pressure on productivity and the disrespect and the stripping of perks, and all that is going on. the main underlying principle there is that people are not seen as people anymore. they are just replaceable par ofachi. the ovall imprsion i h was of comny thahad jus terly chged in tms of ho it understd the partns it has the par.o i wre thatong, lonemail tim lg fore i srted the filand thanswer iot back was ver unsatisfng andery shor and i follow up with the hd of , which whahe sugst i doand shwas a ve nice ly bu you know, wwere n on th same wavength at a. at is e lt i ve dectly mmunicat with

you know, first off, just give my year thoughts on bob iger. >> i love bob iger he's right i miss hims of a leadership role. there's going to be winners and losers i think it will happen seener than people think, i believe >> i notice i think you have a market perform a disney right now, but even today, it looks ugly what can you say positively about this ecosystem that we talk about a lot in terms of the stocks anything >> david, we have a buy on fox, we have a sell on paramount. what he's saying positively is hopefully we're closer to the end of this war, where people will start acting more rationally, but you and i have been saying this for a while it's about margins, profitability, returning capital. it's a tough time to be in this business right now >> i do wonder, michael, when are we going to see the real cutbacks, how much we're spending on content, when does this so-called -- you know zaslov has been inching toward that -- >> we needs the families to get together to sit down in a room and figure out how can we put together some combination of these streaming services to scale

bob iger talked about how he doesn't think people will be going back to the movie theater in the sameapek is saying, we're going to put films in theaters where we know people will turn out, we'll put them on disney plus when we know it's a higher bar to get out and they'll watch it at home and subscribe. >> they've done a pretty good job so far julia, thanks very much. j jon, favorite pixar? >> maybe "the incredibles. i have to think about that >> you have to think about it? >> i love so many "incredibles" movies while julia was giving that great analysis -- i was thinking about mary kate and ashley olsen. remember the direct to video movement and things used to come out on vhs and disney used to do all these not quite movies that's what disney plus in part has to grow into now if mary kate and ashley olsen were sort of this era, they would be tiktok and instagram stars. >> right >> and they would be on a streaming channel. how do you create the mary kate and ashley olsen effect? >> that's a good question, i'll be thinking about that all day mine is "great attitude" by far. >>> "tech

hbo max with the premium on original content i think bob iger is right.isney has lead. if you look at the numbers who are subscribers. both companies have over 220 million who pay. disney's includes hulu and disney plus. i think this is the two i mentioned and i think you have a bunch of other services. showtime and starz those won't be stand alones forever. they are bundles with other services i expect those to be rolled up in other services that companies could compete as a third leg to netflix and disney. >> perhaps it leads to more consolidation over time. interesting to see how disney is down 27% actually out performing netflix down 61% sara, fascinating times. media landscape changing we like to talk about where it goes from here sara fischer >>> let's get a check of the headlines outside of wall street frances rivera is in new york with the latest. >> seema, good morning four people are dead and three injured after a shooting pre in memphis. 19-year-old eziekiel kelly drove around the city for five hours shooting at people and one broadcast on face

like, casual, bearded, bob iger. where was he when he was running the company?ice min, ed lee, good discussion i hope i didn't spoil "game of thrones" for everybody, but it's like a five-year window. i'm out of it. everybody dies >>> still ahead, it's no secret that tech has taken a beating as rates rise, but one asset manager is warning it's not just rates, that some stocks have to worry about evercorp, the warning for tech and why profits could be in peril, next. (vo) what can a nationwide 5g network from t-mobile for business do for your business? unlock new insights and efficiency-right now. allow monitoring of productivity at remote job sites, with next-generation bandwidth. enable ai cameras that spot factory issues in real time, using next-generation speed. and deliver ultra-capacity 5g coverage that's years ahead of the competition. t-mobile for business has 5g that's ready right now. ♪♪ this... is the planning effect. this is how it feels to know you have a wealth plan that covers everything that's important to you. this is what it's like to have a dedi

you broke the news three years ago with then ceo bob iger, there was disappointment when some star warsnitially, so there is a lot of show to get this right but i'm told it is still in development. emily: theaters, they were really counting on this one. chris: yeah. this is a lot of money, a billion-dollar box office. it is a story we keep hearing, theaters are coming back. the reality is, disney is going to do $8.5 billion this year. it is still far from where it was. you had a few big movies, "top gun" was huge, but they were counting on these to drive people to theaters and star wars was certainly one of them. emily: it is in keeping with the story you just wrote called the bad news in hollywood is arriving on most daily. that is the opening line. what other bad news are we hearing? chris: there is a whole rethinking of the streaming business. for years, everyone was following the netflix model about subscribers and spending a ton of money on movies and tv shows, and the profits will follow. that all got reset this year. netflix has lost subscribers. and everyone now is focusing on h

former disney ceo bob iger is joining in and joining josh kushner's firm thrive capital and wall streetrnal reporting that softbank group looking to launch a fund run by the global tech investor and get into a lot of startups there and former cisco ceo john chambers working on a startup called nile and owns 10% of the firm and other investors in nile include eight cv run by joe lonsdale joining me in a fox business exclusive and cofounder of palentire technologies. thanks for being here. >> thank you, liz. liz: how are you absorbing all of the market moves and the atmosphere that we have, which is a rising rate environment. >> you know, late-stage technology sold off a lot in the public markets and more to come down in the private markets but the innovation world, venture capital world where the most confident mere are in the u.s. and legends like john chambers scaling up to giant places, you got to go there to work with the best people to build new things. liz: it was about a year and a half ago when vcs and spac world mergers were going up and things got frothy and we know the story a

price of the stock >> i was looking at that i saw b of a trimmed their targets to 127 today, but bob iger spoke about the cable and cable satellite business being terminally ill he said the theme parks are hugely profitable, but how much of that life jacket will still float? >> i think a lot of it will float. you do have to worry about cyclical risk. the better the balance sheet, the better the business model, the less you worry about things like that, the more you can think about long-term opportunity. i think the emergence of the disney streaming channels is takie ing advantage of technolo for a new way to entertain people i think the eventual introduction of advertising driven services to reduce the cash cost to the customer, if that's what they want, just will add additional growth opportunities. i think the parks are an integral part of disney. disney is in the entertainment business then one of the few companies that can monetize the product through means that most people wouldn't think of. you go to a park because you want to see the "star wars" attraction you go to the park becaus

. >> thank you >>> still ahead, former disney ceo bob iger with some dire warnings for us, the mediall tell you what they are and why he says disney did not buy twitter and elon musk will latch on to these comments plus, armed with nearly $100 billion, the irs says high earners in its cross hairs what the agency is doing to crack down on all you tax skimmers you know who you are this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. what's it going to take for the world to reach net-zero emissions? it's going to take investing in some things you've heard of and some you'd never expect. it's going to take funding innovation in renewable energy, helping reduce carbon footprints, and big bets on environmentally conscious construction. citi has committed 1

. >>> all right, jon still a lot more from code andy jassy, tim cook, bob iger among the names speakingp's evan spiegel with join us en tech ch"techcheck" is back in a moment as an expedia member you earn points on your travels, a moment on top of your airline miles. with all those bubbles. without ever wondering if you're getting the most out of your trip. because you are. (vo) hi. we're visible. a different kind of wireless company... ...running on a big impressive wireless network. how are we different? we exist only on your phone. so you get unlimited data for just $30/mo, taxes and fees included. plus we have a new plan with 5g ultra wideband. switch today at visible dot com. salute to veterans patriot day terry bradshaw: hi, i'm terry bradshaw rocky bleier: and i'm rocky bleier. col. greg gadson: and i'm col. greg gadson. terry bradshaw: on this patriot day, our heartfelt thanks, to all of our military veterans for their service. col. greg gadson: we honor our veterans, and those who are no longer with us. rocky bleier: to all of our military serving around the world, thank you fo

about that the conference is making a statement with the lineup this year andy jassy of amazon, bob iger from disney formerly, tim cook, secretary buttigieg, governor newsome, andit it's happening a we get two more dates for product announcements. apple will have a hardware event on october 6th, maybe some pixel phone, a pixel watch, and meta announcing a headset event on october 11th where it will perhaps get a headset. all of these new products are coming into an environment where people aren't necessarily sure how consumers receive it it will get interesting. >> yeah. a lot going on there, carl i was taken by those comments from pichai in terms of competition, given everything we know that's going on in the regulatory front of course alphabet is under the microscope when it comes to that seems to be almost talking to lena kahn saying, come on, things are pretty competitive as it is. there are those that would argue on that, but it was interesting for them to list all those companies he sees as competitors. >> it will be interesting to hear how jassy and cook, two examples, will return

start with disney and twitter, bob iger, he's the chair at disney and thought about buying twitter innd decided against it. why did he decide against it? lauren: one of the reason is they learned a substantial number of users were fake and they could get twitter -- they were going to use it not as social media but for a distribution network for all that disney content before the presidential election. he said, you know, it was starting to get a little bit nasty on there but because of the fake users, they got a discounted price. both boards agreed and he bailed. he got cold feet in the end and was speaking at code conference in beverly hills and elon musk is listening saying how do i use this in my bid to get out of twitter. twitter is down today but it was up yesterday because the judge said, no, no, no. the trial is happening in october. you can't get a pushback, elon musk. stu: another storied stock, to me is meme stock, gamestop. they are up big this morning, 2.5% but i'm confused. didn't they have a poor report? lauren: yes. stu: does that mean anything? lauren: no, because they'

. >> we heard before that bob iger at one point wanted to buy twitter back in 2016 when he was the ceo of disney. backed out after both company boards agreed not to do a deal yesterday at the code conference, he elaborated on the decision >> after we sold the concept to the disney board and twitter board and really ready to execute, the negotiations that was just about done, interestingly enough, i went home and contemplated and said i'm not looking at this as carefully as i need to look at it yes, it is a great distribution perspective, but it comes with so many other challenges and complexities that as a manager of a global brand i was not prepared to take on. major distraction and managing circumstances that were not even close to anything we faced before. >> in 2016 let me just see. what was the price >> i bet elon musk wishes they would have bought it >> did you check the price >> in 2016 >> $15 you could have offered 50% premium at 22 which would be half of what musk is in for. maybe at 15. >> 33% premium at $20. >> maybe that's what people think it might be worth at this point >

we are also learning disney boss bob iger pulled out of a deal to buy twitter because of the prevelancewitter heading to court after pulled out of a deal to buy you the platform. iger's comments seemed to back elon musk's arguments on this one. the stock is up a quarter of a percent this morning. finally there is this. nasa may try to launch the artemis one rocket later this month. the mission to the move has suffered two cancellations. leaky seals halted last week's attempt. nasa says they have two potential launch windows. the goal is to eventually send astronauts back to the moon. those are some of your headlines from over here. back to you. maria: cheryl, han thanks so m. the white house is weighing issuing an executive order to screen and possibly restrict u.s. overseas technology investments in china and other countries but the initiative is drawing concern for some u.s. tech businesses and investors would say the move could undercut u.s. economic influence. let's talk about it right now with 8vc ceo and co-founder, university of austin co-founder and palantier co-founder, joe lon

. >> what do you think about bob iger's compensation.h that's what you asked me i thought, oh, wait, i haven't thought this through should i say what i think here on live television i'm not sure i've run this through my strategic brain yet my policy is just to tell the truth so i went ahead and said what i thought which is jesus christ himself wasn't worth that much money and it went crazy. >> it went a little viral. >> because it went a little viral, i put out this twitter thread a year before you asked me that question i had been to anaheim for the first time to visit the workers and hear directly from them about what was happening in the park i thought there was something i had to do. i can't walk away from this and pretend that this has nothing to do with me but i was just paralyzed and when you asked me that question and i clearly struck a nerve, it seemed like it was possible to talk about the wangz at the bottom and the wages at the top as though they were a single issue because they are. >> how much of this film is about disney s

bob iger joining venture capital firm thrive capital to advise on mentoring start-up founders and identifyinghis is exclusively being reported by the wall street journal. iger will not be a full-time employee. instead, he will advise on a day-to-day basis. he stepped down from disney if february of 2020. well, elon musk may not want to go through what his purchase of twitter but company shareholders are reportedly just fine with that plan. early voting suggesting the acquisition will be approved by a large margin. social media company trying to force musk to go through with the $44 billion bid. musk is balking over issues with disclosing how many spam accounts are on the platform. whistleblower and former twitter security chief expected to testify before the senate judiciary committee today, he accused twitter of failing to protect user sensitive data and lying about security problems there. and those rush some of your headlines from -- those are some of your headlines from over here. maria: thanks so much. we've got more dismal numbers in the polls for joe biden, the latest harvard harris po

bob iger says the he doesn't think as many people will go to the theaters or go as often as they dide many people discovered the option of streaming and the flexibility to choose which movies to watch. and when he says another reason not as many people are going to the theaters right now is there are fewer movies being released? netflix is reportedly looking for new ways to cut costs as it faces large losses in their number of subscribers. according to the wall street journal. the company is taking multiple steps to reduce spending, including hiring fewer staff, cutting cloud computing costs and even limiting how much company apparel is given to employees. there's a lot of just sort of, you know, nickel and dime ng sort of cost cuts lots of sort of cost discipline that netflix didn't pay as close attention to when it wasn't in the crosshairs of all this competition that it's facing now. recently the company laid off more than 400 employees that also started leasing out some office space to reduce it's footprint, some of the late supreme court justice ruth bader ginsburg, belongings a

, white lotus winning big and ted lasso and squid games on netflix and job iger joining jared kushner's vc fund capitol and bobn't tell you when but the precipice will be pushed over. stu: linear television being ---susan: broadcast, network, and cable maybe. stu: on their way out. show me the big banks, please. now i would expect the big banks to do okay when interest rates are rising. it's relative, sus isn't it? susan: it's all relative and big banks using $350 in deposits last quarter and that's a drop because of fed's tightening cycle and less liquidity and indication of less deposits of upcoming slowdown in the economy and spending by the consumer. first drop in deposits since 2018, gol goldman sachs cutting hundreds of jobs next week and that's job cuts, no free lunch and coffee perks and end of no performance reviews. stu: how much came out of banks? susan: $350 billion. stu: that's because the federal reserve is tightening up and no longer printing the money and distributing to the banks. susan: last quarter $7 trillion lost in stock market values. this is a -- you're losing all the gains you had yest