as you sa , it's bob iger in that respect. as you say. it's only — bob iger in that respect.b iger in that respect. as you say, it's only stream is - bob iger in that respect. as you say, it's only stream is getting l say, it's only stream is getting into the sports business right now. —— so many streamers. thanks for joining us. and now to bp. they made $2.7 billion betweenjanuary and march, down 40% on last year, the result will put more pressure on their new ceo who took over in january. part of the slump is down to lower oil prices but as our business editor explains, shell is doing much better than bp, raising questions for some shareholders about the company's strategy. we are cominu out about the company's strategy. we are coming out of — about the company's strategy. we are coming out of the _ about the company's strategy. we are coming out of the back— about the company's strategy. we are coming out of the back end _ about the company's strategy. we are coming out of the back end of - about the company's strategy. we are coming out of the back end of the - coming out

that's the message to investors from disney boss bob iger — as the entertainment giant raised its profitorecasts for the year — and revealed its film and tv streaming business has turned a profit for the first time. disney launched its disney plus service back in 2019 to compete with netflix and adapt to the changing way we get our entertainment. it has been losing money since then. disney promised wall street those losses would turn to profits by september — but look at this... disney's entertainment streaming division made a profit of $47 million betweenjanuary and march — that's compared to a huge loss of $587 million this time last year. so — out of the red six months ahead of schedule. michelle fleury in new york is taking a closer look at this for us. this is quite a turnaround, delivering the profit much earlier than expected?— delivering the profit much earlier than expected? yes, it was a huge surrise, than expected? yes, it was a huge surprise. disney — than expected? yes, it was a huge surprise, disney has _ than expected? yes, it was a huge surprise, disney has been - than ex

i want to look at the succession plans for bob iger.e got clear succession plans from berkshire hathaway. bob iger has returned to disney again. what do you see when it comes to succession? >> i think it's going tor be a very hard decision for bob iger to step aside another time. you look at the second term for bob iger and it has been a mixed result. if he had not come back after his first stint in the top role, we would have been heralding a fan tastic vision toward streaming. nelson peltz has been trying to take back the direction of disney back to the pre-streaming vertical which bob iger has responded against and proactive in making sure that disney stays on track. the challenge is finding someone else who has that similar commitment to the future. rather than stay in the past and commit to the digital future and use the assets. the the in real life assets. these will be growth areas. someone who understands how to harness the theme park business and real-life assets and international. >> speaking of theme parks, disney revealing a

what does it mean for bob iger at the end of the day?hris: you could look at the report in see signs of a turnaround, maybe he will make it work and exit on a high note in a couple of years, but still to be determined. sonali: chris, thank you so much for covering. this is the worst day for disney stock since november of 2022. a tough turnaround. chris, thank you. coming up next, a newly formed group looking to influence the ever-changing city of miami. we go to wall street south with andre dua up next. this is bloomberg. ♪ ♪♪ sandals jamaica sale is now on! with rates from $199 per person per night. visit sandals.com or call 1-800-sandals sonali: this is "bloomberg markets," i'm sonali basak. a global ranking of the wealthiest cities puts new york at the top of the risk -- the list, resident health in excess of $3 trillion. new york has 350,000 millionaires, the most of any city, up 48% from a decade ago. meaning that one in every 24 residents has a seven-figure net worth. when you look at wall street south, miami ranks 33rd, up from 78

the third challenge for disney is what happens after bob iger?etirement to manage this transition for the company but he is 73. he cannot go on forever. the big question is who takes over from him? succession, as we all know too well. have a good week. around the world and across the uk, this is bbc news. artificial intelligence lacks the humanjudgement skills needed to set interest rates — that's according to the head of the monetary authority of singapore. he said al was being used in areas such as fraud detection, but also that it was not at a stage to "supplant human judgement". live now to monica miller in our asia business hub. i would imagine jerome i would imaginejerome powell and christine lagarde breathing and christine lagarde breathing a sigh of relief?— a sigh of relief? central banks really need — a sigh of relief? central banks really need to _ a sigh of relief? central banks really need to figure - a sigh of relief? central banks really need to figure out - a sigh of relief? central banks really need to figure out what | really ne

seeing, quote, some evidence of a global moderation from peak post-covid travel then, there was ceo bob iger addressing future bumps in the road to streaming, admitting the path to profitability may not be linear disney expects to turn a profit in fiscal q-4. so, with challenges facing two of the most critical parts of disney's media empire, is this a sign the magic has left the kingdom? guy? >> you got some joke, what was it, a frozen thing >> let it go that's what elsa sings signature song. >> the jokes around here are funny and clever >> and you giggled you are a participant and a viewer, as well. the magic was never really back. they never really addressed the core issues that they were having, and we said it last night, or a week or so ago, that the two quarters of cost-cutting their way to profitability, they no longer would get a pass and it's going to be very hard to build upon the gains that the stock sea. and it went to levels i thought. five times normal volume, that's a good sign, but there's probably more downside here. i don't think you're looking for a place to sell it you're

bob iger also announced disney will cut its investment in programming from traditional tv networks asn 2% in afternoon trading on the new york stock exchange. two brothers who studied at one of the most prestigious universities in the us have been charged with stealing $25 million in cryptocurrency in 12 seconds. the students educated at the massachusetts institute of technology are accused of wire fraud and money laundering. the us department ofjustice says the alleged heist is the first of its kind. we will be back in the next hour, stay with bbc news. hello, and welcome to sportsday — i'm will perry. coming up... scottish premiership champions once again — celebrations for celtic after securing league title number 5a. chelsea's charge towards the europa league continues with three points at brighton. and we're closing in on fight night in riyad, as tyson fury and 0lexander usyk hope to write their name into boxing history. celtic secured a 12th scottish premiership title in 13 seasons in some style by thrashing kilmarnock 5—0 in what was quite possibly their best performance of the

so says boss bob iger — as the firm's streaming division finally turns a profit— six months earlier thanme to business today. we will star with news from disney. "we have turned the corner!" that's the message to investors from disney boss bob iger — as the entertainment giant raised its profit forecasts for the year — and revealed its film and tv streaming business has turned a profit for the first time. disney launched its disney plus service back in 2019 to compete with netflix and adapt to the changing way we get our entertainment. it has been losing money since then. disney promised wall street those losses would turn to profits by september — but look at this... disney's entertainment streaming division made a profit of $47 million betweenjanuary and march — that's compared to a huge loss of $587 million this time last year. so — out of the red six months ahead of schedule. michelle fleury in new york is taking a closer look at this for us. this is quite a turnaround, delivering the profit much earlier than expected?

cheryl: we need bob iger 2.0 now. >> the idea warning as mr. yarns imminently invasion of rafah encouraging them to evacuate are a parts airstrikes reported this morning tennessee senator bill hagerty to react next don't miss a moment you are watching "mornings with maria" live on fox business. . when i was your age, we never had anything like this. what? wifi? wifi that works all over the house, even the basement. the basement. so i can finally throw that party... and invite shannon barnes. dream do come true. xfinity gives you reliable wifi with wall-to-wall coverage on all your devices, even when everyone is online. maybe we'll even get married one day. i wonder what i will be doing? probably still living here with mom and dad. fast reliable speeds right where you need them. that's wall-to-wall wifi with xfinity. . cheryl: if you are military ordering nearly 100,000 civilians evacuate parts of eastern rafah leave for humanitarian zones israel preparing to send troops into rafah, dropping leaflets from military aircraft, biden administration

bob iger also announced disney will cut its investment in programming from traditional tv networks asmore than 2% in afternoon trading on the new york stock exchange. turning to travel and tourism now. asia pacific has emerged as a top destination for global travellers, according to mastercard economics institute's latest travel trends report.japan leads the top spot, welcoming a record 3 million international arrivals — mainly due to a favourable exchange rate coupled with the popular cherry blossom season. ireland, romania, italy and spain rounded off the top 5. as for the rest of the top 10 destinations, a number of them are in this region, including australia, south korea and indonesia. mastercard's asia pacific chief economist, david mann, says despite the high cost of living, customers are willing to spend money on holidays. i think it is one of the big things that's been going on ever since the end of the covid pandemic which is been this preference for experiences and the of the list, even during the of the list, even during the pandemic where people were always thinking about

bob iger is bringing it back. they have raised subscription prices and you can only raise them so far before you have a problem and that's what we're seeing now. maria: do they have a bench for leadership or will they keep going back to bob iger to run the company forever. >> that's an issue. maria: mario, thank you for joining us this morning. adam, you're with us all morning. we're grateful. quick break and we'll be right back. stay with us. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. our friend sold their policy to help pay their medical bills, and that got me thinking. maybe selling our policy could help with our retirement. i'm skeptical, so i did some research and called coventry direct. they explained life insurance is a valuable asset that can be sold. we le

bob iger wishes he didn't come back, trust me. that is whole other segment.right. >> i can tell you if you talk to people that are close to him, they think now it is two years. he, and when he is 70 and it would be a really good run if, what's, with jpmorgan is right now, fast forward in two years, one of the best runs i've seen out of a ceo because a lot of these guys leave with their shirt hanging out their pants. back to you. ashley: we'll have to leave it right there, charlie on that particular point. nicely finished. let's take a look at these markets as we head into the closing bell. s&p doesn't look like it will squeak out another record close. but the, and the dow is off 209 points. what about the nasdaq? [closing bell rings] it is up 209 points. they're cheering that would be the ninth record chose of the year. whew, what a day. that will do it now for "the claman countdown." larry kudlow coming up next. ♪. larry: hello, folks, welcome to "kudlow," i'm

. >> it is part of bob iger's broader term to bring down costs at disney.or years cannot do anything wrong. they had hit after hit after hit and during the pandemic they released a couple movies right to the streaming service. their last one, elemental was not a big hit. like year was not a big hit. this has been expected a while. they envisioned doing more tv production for the streaming service. now they have basically decided we will go back to just making movies. it is related to that also. caroline: is there anyway we could say i will be doing it? felix: i am sure ai will be part of the mix. that is not what they are crediting the cuts to at this point. they are pointing to the shift back to movie production. again, bob iger has been looking for something like $8 billion worth of cuts all across disney. this has just been the latest of multiple waves of people losing jobs. caroline: thank you for running us through it with disney. that does it for this edition of bloomberg technology. check out the podcast on the terminal as well as online on apple, sp

bob iger, the ceo of the walt disney company, issued this statement saying richard sherman was the embodiment of what it means to be a disney legend, creating, along with his brother robert, the beloved classics that have become a cherished part of the soundtrack of our lives. feed the birds needs to happen. most of the sherman brothers songs appeal to all ages, something they learned from walt disney himself. he once told us early on in our career, they said, don't insult the kid. don't write down to the kid, and don't write just for the adult. so we write for grandpa and the four year old and everyone in between . >> the little old bird woman come for the 50th anniversary of disney animation studios. >> richard returned to walt disney's office right alongside dick van dike. >> walt used to call me in on a friday afternoon with my brother bob, and he'd sit down over here and he'd say, play it for the world. >> and i would play feed the birds. >> he loved that song. >> richard sherman >> our thanks to linsey davis for that touching tribute. you heard many of the songs there. they're still pla

>> it is part of the broader cuts bob iger has been looking for $7.5 billion in savings, there is pressure from investors to find those savings. they've had something like 8000 job layoffs over the past couple of years. pixar in particular, they could not miss with all of the movies. during the pandemic, they had a couple that went to the streaming service worried they did do as well. elemental was a huge hit. there have been some idea pixar would make more series for disney plus. today they announced their staff, we are going to go back to making these movies. that means we are going to be less people. sonali: the nerdy child in me is upset about the elemental news. thank you so much. we will switch gears and talk about the ipo market. brad bernstein will join us on why he thinks the ipo market is broken, in his words. stick with us, that is next. the future is not just going to happen. you have to make it. and if you want a successful business, all it takes is an idea, and now becomes the future. a future where you grew a dream into a reality. it's waiting for you. mere minutes away. the

jonathan: i'm not sure how bob iger would respond. a fully informed gushing. jonathan: coming up, moody's chief economist, mark zandi. this is bloomberg. hi, i'm janice, and i lost 172 pounds on golo. when i was a teenager i had some severe trauma in my life and i turned to food for comfort. i had a doctor tell me that if i didn't change my life, i wasn't gonna live much longer. once i saw golo was working, i felt this rush, i just had to keep going. a lot of people think no pain no gain, but with golo it is so easy. my life is so much different now that i've lost all this weight. when i look in the mirror i don't even recognize myself. her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it

the head of disney, bob iger, has scaled back spending on the original streaming content. the state supreme court heard arguments today on the constitutionality of proposition 22. that's the voter approved law that classified rideshare and delivery drivers as independent contractors, not employees. >> it's a really fun thing to do . you meet a lot of interesting people, particularly here in the bay area. the bad thing is, is we don't get paid anymore very well. >> so under that law, drivers are considered to be their own employers. that designation frees the companies from paying a guaranteed minimum wage, overtime or providing traditional benefits such as sick leave. the court must decide whether prop 22 unlawfully interferes with the state legislature's authority to provide workers compensation protections to those who are injured on the job. >> who gets to decide? does the legislature get to decide? or do the people of california, through the ballot process, get to ultimately decide? >> the head of today's hearing, uber, warned in a statement that a change to the measur

that wanted some answers we have sound from bob iger on the call a few moments ago talking about, of course, the long, steady climb towards profitability in direct to consumer take a listen. >> we also remain on track to reach profitability in our combined streaming businesses in q4 we've said all along our path to profitability will not be linear and while we're anticipating a softer third quarter due in large part to the seasonality of our india sports offerings, we fully expect streaming to be a growth driver for the company in the future, and yes have ply or tied the steps necessary to achieve this >> still dealing with, of course, the decline of linear networks, as are all of these companies, i should point out. revenue there 2.77 billion consensus was a bit lower than that actually. operating income at $752 million which is still a big number, still an important number for this company, jim, was a bit weaker than the estimates. >> average revenue per user in india is 70 cents. the core is $7.28 if you back everything out i think people are reacting incorrectly. david, when you

the boss of the walt disney company, bob iger, paid tribute to him, saying, "his music captured the heartsy will no doubt be enjoyed by old and young for years to come. richard m sherman, who has died at the age of 95. and just before we go, let's leave you with these pictures. it's a giant picnic on paris's most famous avenue, the champs—elysees. you can see here the french capital's iconic boulevard was laid with a 216—meter—long red—and—white chequered rug, thought to be the world's largest tablecloth. but it wasn't open to everyone, nearly 273,000 people applied to take part in the event, and only 4,000 were chosen. we're going to show you some pictures from peru, because they have been celebrating the annual peruvian clown day. look away now if clowns aren't your thing. hundreds of them transformed the streets of lima, with painted faces, oversized shoes and of course red noses, turning the streets of the city into a vibrant festival, showcasing the tradition of clowning in peru. the event celebrates the life of a clown who used to walk the nieghbourhoods of lima in the 1980s, spreadi

bob iger, the ceo of the walt disney company, ieshued this state saying richard sherman was the embodiment become a soundtrack of our lives. most of the sherman brothers' songs appeal to all ages. something they learned from walt disney himself. he once told us early on in our career, they said, don't insult the kid. don't write down to the kid. and don't write just for the adult. so we write for grandpa and the 4-year-old and everyone in between. for the 50th anniversary of disney animation studios, richard returns to walt disney's office right alongside dock van dyke. >> walt used to call me in on a friday afternoon with my brother bob and he would sit down over here and say play it. and i would play feed the birds. he loved that song. >> richard sherman was 95. what a talent. thanks so much for watching. i'm linsey davis. hope to see you tomorrow. from all of us here at abc news, have a great night. janai: hey everyone, welcome in to an adventure that takes us into the deepest woods and wildest country. i'm janai norman and this is i'm janai norman and this is "oh baby!" today we're hea

the boss of the walt disney company, bob iger, paid tribute to him, saying, "his music captured the hearts young for years to come. for more, i spoke to the musician and songwriter john titta, who sits on the board of the songwriters hall of fame. they started out as really pop—rock songwriter. their first song was you'r 16, you're beautiful and you're mine for johnny burnette and this brought them to the attention of walt disney. one of the greatest reason why these two guys were so great is because they would write these incredible standards by request. walt disney would specify exactly what he would want and this is why he loved them — they would deliver it perfectly. and just talking about that talent — to go from something jazzy like the jungle book that we just heard like feed the birds, for example — really a feat of artistry, isn't it? these were two professional songwriters. they were really very talented. and you mentioned my favourite song, feed the birds, which is quite an incredible moment in the mary poppins movie. it is such a moving moment in that movie — one of my favourit

the boss of the walt disney company, bob iger, paid tribute to him, saying, "his music captured the heartswill no doubt be enjoyed by old and young for years to come. richard m sherman who has died at the age of 95. and just before we go — let's leave you with these pictures. it's a giant picnic on paris's most famous avenue — the champs—elysees. you can see here — the french capital's iconic boulevard was laid with a 216—meter—long red—and—white chequered rug — thought to be the world's largest tablecloth. hello. thanks forjoining me. the weather, this bank holiday weekend has been a little hit and miss. this is what we had earlier on during the course of saturday. storms breaking out quite widely across england, parts of wales, some across the irish sea as well, and outbreaks of rain in scotland. now further showers are expected not just on bank holiday monday, but indeed the rest of the week. temperatures will be near normal, nothing spectacular. but at least by the end of the week, it does look as though these low pressures should finally pull away as we see high pressure building. but

the boss of the walt disney company, bob iger, paid tribute to him, saying, "his music captured "thelegacy will no doubt be enjoyed by old and young for years to come. i'm joined now by the musician and songwriterjohn titta, who sits on the board of the songwriters hall of fame. thank you so much for being with us. you wrote that richard and robert sherman "wrote the score to our childhoods". i thought that was so touching and aptly put. give us a sense of the impact they had on the culture. both richard and robert were such talented songwriter. not only did they write the score to so many people's lives, there are new generations discovering them every day. and they say a standard song is wonder will stand the test of time. these two gentlemen wrote quite a full catalogue of standard.— quite a full catalogue of standard. ., ., ., , , standard. you are absolutely ri . ht. standard. you are absolutely riuht. i standard. you are absolutely right. i have _ standard. you are absolutely right. i have to _ standard. you are absolutely right. i have to say _ standard. you are absolutely rig

the first piece is bob iger saying you will be profitable by the end of the quarter >> absolutely.wn a little bit in q3 based on icc cricket rights in india and in q4, we are back to profitability and we will build on that in 2025. >> what are you seeing in the strength of the consumer you look at the experience business and it is holding up. are you seeing any distinction we talked to ceos who are talking about trading down i don't know, are people buying less lunch what are you seeing? >> we don't see much of that i understand what's going on broadly with the consumer. certainly the consumer at the lower levels of income appears to be making more choices of how they spend their money we're not seeing a lot of that right now. we tend to play a little bit higher income. as a result, we don't see a lot of traded down at this point. if anything, as consumers consolidate, we may be the beneficiaries. >> can we talk about sports? as you know, the nba rights are in play. i don't know how much color you may or may not want to give us on the negotiations. as you see sports going forward i

promise of bringing the streaming service to profitability by the end of this year, which is what bob igers that i mentioned are not actually going to impact until actually going to impact until a couple of quarters down the line. remains to be seen what this particular quarter will bring, in terms of the metrics that everybody is looking at. thank you for that umbrella level summary covering all bases. let's talk about the streaming aspect, disney is a giant in the entertainment space. but still it is a pretender arguably in the streaming space. it is not netflix did not create the sector. when you mention what they are doing with password sharing, that is something which is the hot button issue of the moment with streaming. what are they doing that is different and what are your thoughts as to how we'll work out for them? we thoughts as to how we'll work out for them?— out for them? we don't know very much — out for them? we don't know very much about _ out for them? we don't know very much about how- out for them? we don't know very much about how they i out for them? we don't know| ver

over the past several years, still down but the shock is up dramatically this year in part because bob iger defeated the proxy battle with nelson peltz. a sense this accelerated the moves by iger to improve studio performance. >> we will talk to you soon. christina now for a look at the other big names moving into the close. >> reporter: coke up 19% after net sales increased and profitability improved in the first quarter. but the real driver for coca-cola consolidated inc. is the $3.1 billion stock repurchase plan as the market cap for context before the buyback announcement was $8 million and this buyback represents almost 40% of the market cap. shares of consumer health company kenvue are higher after announcing the lamp of 4% of the workforce, they split from johnson & johnson a year ago while they still market brands like listerine and band-aid, the job cuts are as the transition between both firms winds down. the firm also beat on, -- quarterly profit estimates. >> next, the big bounce back at big tech and whether the rebound has staying power. doug clinton is here, find out how he is

perhaps ceo bob iger's plan after taking the number one spot starting to see results.sney is far outpacing the average s&p gains so some of the selling today may be a bit of a correction. peloton seeing gains after private equity firms by the fitness brand, the ceo will be stepping down, 15% of the workforce would be cut and just a reminder peloton reported a loss for 15 consecutive quarters. up 12.5%. look at nvidia down on the news that apple is pursuing its own design for ai chips. nvidia has been a leader in the ai market but can't secure one of the largest tech companies in the world. investors will be worried. stuart: thanks. 13 federal judges warning they will not higher law clerks from columbia university. it has become an incubator for bigotry. madison alworth, has the school responded to this? lydia: we have reached out to columbia but they declined to comment. those 13 federal judges wrote a letter to columbia university monday. most of those judges being in texas, telling the school they do not intend to higher law clerks with columbia on their resume up. t

we are seeing a focus on bringing about profitability by bob iger. however, subscriber numbers looking to be a more cautious outlook coming from the cfo. palantir came after the bell yesterday. you're once again seeing some rapid growth, but not as fast as people want to see, particularly with the u.s. commercialization growth. we had seen 70% in previous quarters. we are down to a 40% increase in overall sales growth. so, a little bit of caution after evaluation had run up. looking at apple, up .4%, the juggernaut unveiling new products. this one all about the ipad. look on a i-focused ipad pro and larger ipad air. -- ai-focused ipad pro and larger ipad air. dana, were you impressed? katie: this is the first ipad news we have received from the company in two years. the announcement felt incomplete, to me. this announcement was all about the hardware. the ipads are thinner than before. they are faster, as you would expect. apple did can't at the device's ai capabilities. -- did hint at the device's ai capabilities. i imagine everyone is thinking, the

the boss of the walt disney company, bob iger, paid tribute to him, saying his music captured the hearts died at the age of 95. it's now less than two weeks until millions of people across the world pause to remember the 80th anniversary of d—day — when allied forces stormed the beaches of northern france in a bid to re—take occupied europe from the nazis. it remains the largest seaborne invasion in history. rachel burden reports. i must have been frightened. aye, it frightening, it was. because the noise was terrific. the american battleships were actually giving us covering fire. they were firing shells over our heads and the germans, of course, they were firing from the shore. you used to watch the flash and you'd wonder where the shell was going to land, you know? everybody was bombarding. it was a fantastic noise. and then bombers came over and they didn't fly across the beach, they flew along the beach, dropping bombs all the way along, so as we looked at the beach you could see it flickering with flame. there were some rocket launchers and they would all launch together, 25, disap

hugh johnson bought bob iger we'll figure something out we go back again and again what a bad businesscord nevers are now -- the cord nevers are so prevalent that you feel like, you take the bundle i mean, i think, when i meet with young people, i'm trying to get them to watch me they watch me on this 20-minute -- this ten-minute thing i do, people know that they say, man, i'll tell you, you've got this big program, i'm thinking "mad money. no, the meeting -- no, the mad money, the "squawk on the street" -- no, no, the meeting oh, my, how did that happen. >> that's interesting. not to mention, jim, a lot of interest out of cannes, including talking about the box office being down year on year, that streaming audience she argues may get out of the habit of going to the movies >> i think those of us who still go to the movies feel -- i look around, i say, wow, there's a lot of old people there. my wife says, huh. there's not as many cinemas. i went to see "the fall guy" i thought it was fantastic i thought, movies are back "oppenheimer" the big screen the costco big screen, the ability t

. >> at most 2% going into earnings in 115 luke capital center going $140 and they praise bob iger'ser class on how to be an activist. >> i would like to see the stock price in peloton, how far down is it. >> i cannot explain this it is surging after citigroup downgraded them and cut the price target and half from 8 - for so the ceo is out and city said no visibility into the growth outlook for peloton and they are awaiting details of the direction company but the stock is surging. go figure, fresh pet shares are at a high first-quarter profit stocks up nine and a quarter% they have loyalty and lowered the justice cost which are benefiting them. >> now this columbia university canceling its graduation ceremony because of the into israel protest on campus, madison alworth joins me from columbia what did the university say about this and what about the parents. >> that is a great question, what the university said they are canceling the university wide graduation ceremony and focusing on the smaller class ceremony. this was announced around 8:40 a.m. eastern and in the announcement the

ceo bob iger won that one. investors want to know where the fresh film content is mia.art with nelson peltz, is he gone, is he "gone with the wind" or hovering or lurking still. >>> i don't know, liz. you have to ask it. rion or speak with trion i don't know that answer. look, disney's stock is still down a lot from where it was a couple years ago. it is suffering from a lot of the same troubles at that have plagued all the traditional media companies. this is not unique to disney. you if look what is happening with the cord-cutting, change in advertising. wbd stocking later this week. that is warner brothers/discovery. we'll look at paramount. this is tremendous pressure as consumer behavior changes. what i is interesting for disney right now, what you highlighted at the top of the segment, it is more about the content. more than any other country in this sector, the lifeblood of the walt disney company is the content creation. it certainly has been off its game. it has definitely been struggling. sure show gun did well on hulu, shogun, not massive but on hulu. they ha

bob iger's successor, only lasting about two years before iger returned in a 2022 effort to renew growthare up more than 20% since iger retook the helm and he's fended off nelson peltz in a proxy fight. can the magic keep going? >> yes, absolutely. buying the house of mouse, and i have a question of if he actually ever really left. he has a strong vision. he got rid of the proxy, and stopped the fight with florida. they're refocusing on generating good content. they have a solid slate in 2024, but who isn't going to watch wolverine versus dead pool, and then you have mufasa, and the winner. they've got good content on disney plus, and they're figuring out paid sharing and they only have this direction if they can get that creative spark back, if they can get back to being disney, which i think iger is good at, then this stock has a lot of upside. >> all right. so from disney to the final buy, which is under armour. the ceo returned after a month after more than a four-year absence during which they went through two ceo changes. does kevin plank's return play into your bullet thesis? >> i

and look a lot of people like to rag on bob iger, he's a good guy but he's being completely sold downed, and do you remember the zoom call a couple years ago during covid when someone said oh i'm querying every bit of the animated shows that i can. girls looked -- liking voices problematic, roles caring about what they look like is problematic. call me, we can fix this. >> trace: a lot of people got in trouble on those zoom calls. thank you both. coming up, how would you feel if somebody you love wanted to become a police officer? would you support that decision or do you think it's too tough to be tough on crime these days? that is no x and instagram @tracegallagher, we will read your responses next in the nightcap -- let us know -- d [♪♪] this way has people who start early. people who care and inspire each other to do things the way they should be done. this way uses technology (♪) and goes the extra mile (♪) to deliver your promises on-time, every time. this way is why we're the number one national ltl carrier for quality. for us, this way is the right way which is why it's the on

the company had hired additional staff to produce exclusive content for disney, but bob iger has scalediginal streaming content. those cuts are expected to impact about 175 workers on wall street. stocks were up slightly today. the dow finished higher by 66 points. nasdaq went up by nearly 38, and the s&p finished higher by 13. a top federal reserve official said in a speech today he's expecting to see moderation in economic data ahead, which could help put more downward pressure on inflation. >> lawmakers on capitol hill discuss the country's aging power grid and whether it can sustain increasing demand, energy experts say. a boom in artificial intelligence, electric vehicles and data mining is putting parts of the country at risk of going dark. the head of one of the country's largest power companies telling the senate energy committee today that renewable energy alone will not be enough to keep the lights on. >> love seeing renewables on the grid, but you cannot substitute 24 over seven dispatchable generation. we absolutely need to hang on to what we have. >> today's hearing comes a

the head of disney, bob iger, has scaled back opening the original streaming content. get ready to leave your wallet at home. how new technology is allowing customers to make simple payments with their face. >> plus, former president donald trump's criminal hush money trial nears its end. i'm connor hansen in new york with the latest on the trial coming up. >> and across the bay area this afternoon. wow, a beautiful shot there over san francisco. the golden gate bridge with mostly sunny skies and warmer temps. i'll have a look at the current conditions connor hansen reports. jurors were sent home for the day and they are expected to get the case next week. >> after more than four weeks of testimony, donald trump's criminal hush money trial seems to be coming to a close. but the jury is hearing from one more witness who has contradicted the prosecution's key witness and seems to have angered the judge. yesterday, after a tense back and forth in just one week, former president donald trump's fate could be in the hands of a jury in his manhattan criminal trial. his attorn

he recently lost that vote with some 31% of the vote instead of the time he could be back if bob igers promises. he made about $1 billion in the investment. so it was a good investment for the firm though, obviously, frustrating given the results of the proxy fight in which he was seeking a seat on the board. you also note that disney's been tlg through a transition of sorts. it plans to turn a profit in the streaming business later on in the year. they have had layoffs as they look to get leaner. also had questions about espn's future and there is that so-called skinny bundle that disney plans to launch later this year. the big issue, of course, is the issue of "succession." that is still of course on the table. so peltz may be gone. but that critical issue remains unresolved. we will have to follow this story and see where it goes from here. he is out completely. selling all of his disney stock at close to $120 a share according to a source. >> scott, thank you. disney shares in the after hours session down by a percent now. he is out. there is no worry about massive selling. he mad

disney ceo bob iger confirmed that an avatar themed land will be part of the expansion in a concept art released shows, floating mountains, gushing geysers and exotic plants as a boat filled with riders passes through a lagoon headed toward a waterfall. earlier this month, the anaheim city council approved the $1.9 billion expansion called disneyland forward. lord of the rings fans can now rent out a bed and breakfast inspired by the movie fantasy. fans can book it at $200 a night at the borodale inn near redding. it offers four hobbit inspired homes named after, named, and decorated after characters of the franchise, and it's for a good cause to the owners. they actually want to eventually convert this into a voluntary youth shelter program. okay, that's pretty cool. i'll go check that out because you have to go all the way to new zealand to see the real, the real hobbit a lot closer. this is real close. yeah. yeah, exactly. we'll save you some money. >> speaking of housing. yes. let's talk about a poll that we've been watching throughout the hour. we've been asking you if you think ho

bob iger said u.s. subscribers will be able to watch live games and studio programming. the move comes after hulu launched on disney+ in march for bundled subscribers. >>> and rapper snoop dogg is getting into the bowl sponsorship business. gin and juice will be the presenting sponsor of the arizona bulls, a multiyear sponsorship deal that will be the first time an ncaa sanctioned bowl game will be presented by an alcohol product. back to you. >> i want to go back to the boy scouts. now it's scouting so it can include boys and girls. >> and anybody who identifies any which way. >> all right. >> pretty cool. pippa, thanks for bringing those stories, we appreciate it. >>> coming up, you know self-checkout lines at stores may soon be a thing of the past. what is behind the new push to bang them? >>> plus, an american soldier is detained in russia after being arrested but we're learning about the (vo) struggling with moderate to severe crohn's disease or ulcerative colitis? talk to your doctor about #1 prescribed entyvio. doctors have been prescribing entyvio for nearly 10 y

additional staff to produce exclusive films and shows for the streaming platform, but disney ceo bob igers pushing for less spending on streaming only content. the cuts are expected to affect about 175 workers. >> a tire company in san rafael is facing a lawsuit from people in a nearby homeless encampment over allegations that the tire shop has been playing loud music all night. the lawsuit was filed in marin county court yesterday. people living at the encampment outside east bay tire company say for the past few days, loud music starts playing at sundown. they say they think it's a move to get them to try to leave the encampment, and it's so loud, i mean so loud. >> blaringly it it it it makes your ears bleed. you can't, you can't hear yourself think. you can't have a conversation. and i mean, this person, especially right under it. oh, my god, i was here last night and i was crying. i was just like, i got to go. i can't, i can't do this anymore. >> a surveillance camera system has also been installed in the tire store parking lot, pointed at the encampment. a court hearing happened thi

you know, today you had the chief financial officer and bob iger talking about they expect a few little bumps here. and the parks division is getting affected by consumers who are inflation-weary. that doesn't concern you? >> well, first of all, i've never been to a disney if park, but i hear people talk about the expense of going to a disney park. they could just be price themselves, you know, out of the market a little bit, and they can fix thatting you know in that's fixable. they can just lower prices. yes, it concerns me, but that weakness might create opportunity, because i think longer term disney's a great franchise, and i think it's a stock worth owning. is it cheap at $106 versus it was trading below 90 a couple of months ago, i don't know if it's going back there. but i think this weakness if you want to own disney creates ab ap opportunity. you can pick and choose your entry leveling, but i like the stock -- liz: you're mean. you never took jason to disneyhand? >> i still hear about it -- disneyland. [laughter] liz: jim, save teddy. give me a bottom on, say, for amazon becau

bob iger is looking to cut because and comcast is announcing its streaming bundle will start at $15.do all of that. let's start with pixar. what is the strategy here and why pixar? >> the strategy is nothing new. it's all about the cost cuts. what they are moving to now is his new era of the media streaming ecosystem. it's less is more and especially with disney, they are going back to a more normal cadence of content output and the mantra for bob iger has become quality over quantity. you had the whole pandemic air when they were rushing to put out all types of content on the streaming platforms and that did not serve them well. they did not think through all those ideas. it led to a lot of content saturation but also cost them because there was $4 billion in streaming losses in that year. they are trying to rationalize -- ration their content out and that is what is driving these cost cuts at pixar. if you think about why they hired people in the first place given it was to produce a lot of contact for the disney platform and looks like they are walking that back in focusing on the

the boss of the walt disney company, bob iger, paid tribute to him, saying his music captured the hearts died at the age of 95. they say you never forget how to ride a bike — but what about playing the piano? one woman has started tickling the ivories again after a break of 80 years — thanks to the help of a teenage volunteer. 90—year—old sybil — who is blind — moved into a care home injanuary, at the same time that aaliyah began volunteering there — and they bonded over a shared love of music, as juliette phillips reports. she has never lost her love of music and now rediscovered her passion for performing put up after decade she was inspired to return to the piano i thought, i love doing that lovely music that is. i wish i could've kept on my piano lessons. playing like that. add be able to be happy in this carers home. add make all the other people happy. since then they pair have become quite the double act for the even losing her eyesight hasn't stopped civil patiently practising to relearn all the notes. never give up in life. never. keep going, if you give up you lost it. what is

the boss of the walt disney company, bob iger, paid tribute to him, saying his music captured the heartsyed by old and young for years to come. richard m sherman who has died at the age of 95. an investigation is underway into a spitfire crash in which a royal air force pilot was killed. it happened near raf coningsby in lincolnshire, during a flight to commemorate the battle of britain. philip norton reports. a second world war spitfire lies badly damaged in a field. it crashed in what the raf has called a tragic accident. the pilot was killed. the spitfire came down a short distance from the runway here at raf coningsby. as well as being home to modern—day typhoon fighterjets, the spitfire is part of the much—loved battle of britain memorial flight, which is based here. next month, they're due to take part in commemorative d—day events. many enthusiasts here had seen the spitfire. soon as you lose a pilot, it's like you've lost a member of your family. when you are obsessed with planes like we are, especially the raf because it's some sight here some days, it's a shame, really. the pri

look at the hand that bob iger got. that's a bad hand. but it was an iger hand. there was a stop, there was a guy in there. a pit stop. he made a pitstop in there. now, they said if you don't have anything to say that's nice, just don't say it. nanny is never wrong. didn't know all that much. >> you're talking about corporate dynamism. >> yes. >> is that enough to fuel a further rally, and did walmart yesterday answer concerns about the lower end consumer? >> doug hit it out of the park. >> best earnings reaction in almost six years. >> doug mcmillon, first, he had deflation in many aisles. second, he had some particular food stuff deflation that mattered. he understands the consumer better than any major mass merchandiser. and i thought doug did great. i mean, by the way, doug is not only -- he's so nonpromotional. i had to try to tell him that his fashion is great. i had to. i said, listen, doug, your fashion is great. the stores look fabulous. that's him giving the managers a lot of say. but i was blown away by how page after page of a recognition that the con

doing things differently this quarter, especially after ceo bob iger has put his battle with activistpeltz behind him. now iger isunder pressureto continue to turn around disney's stock. the stock is up 26% this year. though still down about 40% from highs in 2021. now, on iger's agenda, getting the company's studio back on track. after a downturn last year. but the two most important areas in focus are disney's parks and streaming divisions. disney's parks and any commentary about summer bookings could provide a valuable window into the state of consumer spending. while investors also look for updates on iger's plan to invest $60 billion in the parks and resorts division over the next decade. for streaming we're looking for updates on disney's expectation that the division will break even this year. we're also looking for details on the coming streaming venture as well as flagship app set to debut next year. redburn, a sell on disney, says paid sharing should be a material benefit for disney, albeit less so than for netflix. that's another factor. with a proxy battle seen as accelera

jimmy kimmel, bob iger showing up. >> kimmel was great. >> kimmel was really funny. >> the bit abouting is like getting in a splee sleeping bag with your uncle because you don't want to freeze to death. >> this is not just churn, it's churn-obyl. >> that's really good. >> he also came after the new product introduced yesterday by brian roberts right here at our parent company called stream saver. remember, that is the combination -- we don't really know pricing yet of netflix, apple tv, and peacock, thought to be potentially for netflix, certainly an opportunity for them to reduce churn if they need to. interesting, the inclusion of netflix in that bundle. he said, stream saver sounds like a cat 30 you might find for sale on tuckercarlson.com. thanks. just leaving me out there. at least he laughed. now i get fired, and you stay. >> oh, yesterday was my fire day. now you get fired. >> it's my -- i'm fixing to throw our executive producer under the bus. he's the one that wanted me to do it. >> i thought about you yesterday. morgan stanley is a good example. they don't have a single ove

." >> ♪ winnie the pooh ♪ ♪ winnie the pooh ♪ >> in a statement, disney ceo bob iger says, "richard shermanlegend, creating along with his brother robert the beloved classics that have become a cherished part of the soundtrack of our lives." >> walt used to come in on a friday afternoon with my brother, bob, and he would sit down over here and say, "play it." >> ♪ feed the birds, tuppence a bag ♪ >> i would play "feed the birds." he loved that song. >> richard sherman was 95 years old. ♪ ♪ >> and over this legendary career, the sherman brothers wrote for 27 films, 24 television productions. in total, more than 200 songs. i encourage everybody to look at the list, because there's a bunch i promise you have forgotten that will jog your memory and take you right back. >> just listening to ones they did play... wow. >> of course, one after another. it's crazy. >> amazing legacy. thank you so much for that, trevor. coming up, nicki minaj back on stage overnight after getting arrested as she left amsterdam. what she said about the incident. >> plus, the search for suspects after a "general hospit

remember, just came out of a brutal proxy fight, and spent the last year restructuring with bob iger.he focus is on growth. >> the most important number that you're watching, you definitely don't want to disappoint. some type of profitability for streaming or ads or what? >> streaming should be profitable in the fourth quarter. not the second. i think sub numbers important. the kquarter where the charter deal takes effect. a nice sub number. profitability is very, very important. parks very strong. >> really? university parks, people pointed to? >> may be to benefit of disney. one of the things comcast said on their earnings call was that cruises were very strong, and disney, of course, has a new cruise shim and multiple ships down there and may benefit from that. and i think another thing that's going to be very important is free cash flow. the new-ish cfo has given guidance for cash flow earnings. all of that will be important. >> whatever diller is on, he says stops neglecting legacy assets. they're very valuable. how are things with the legacy disney? >> he's right. generating ton