bob chapek weighs in on the call right north. breakdown from our beloved brands, including quarterbacks luca, "loki" and we have continued to launch did i any plus in new markets. >> the average monthly revenue per paid subscriber for disney decreased by 46 cents, because they and the new subscribers even though there's still no meet-and-greets with mickey and mickey, they posted their first profit saying it breached the contract, and bob chapek said on the call it was the right strategy to meet the broadest audience, and doing what they believe is in the best response offing that -- >> they don't anticipate bringing back repurposing any shares under events have normalized >> be sure to tune in for the exclusive interview, with bob chapek gentlemen, let's trade it, tim i'm going to start with you. >> a lot to like. this is a streaming company, you know, where i think a lot of people now are putting in at ten times the multiple, which is what a lot of the analysts believe on the street. an eps multiple on the for business i think

. >> it is a good lineup i'm glad you got chapek. disney is reporting numbers after the bell. >> they're worried about -- you've got to get vaccinated if you work there they'll give you a little time, 60 days. but i think you ought to be very, very careful if you're bob chapek he wants to be as safe as possible >> the man in the evidence lab is saying the evidence lab -- >> they're good. that's csi >> u.p.s. does reiterate a buy. >> data checks point to improvement in july. somebody stamped this with evidence lab this has to be true. >> i think they're going to have a great quarter and i think they're doing everything right i think they're making the places safe. i think the parks are doing great. i think the movies are doing great. i think that the $30 black widow was terrific i love that movie. i watched it twice. >> so it's going to be a really easy interview you give chapek tonight, isn't it? how do you do it bob >> does it ever get old, bob >> have you been watching my show >> scarlett johansson, the back and forth was good for

we'll see what he says tonight chapek will be on with jim wrb "mad money."the half. >>> thank, carl. welcome to the "halftime report"" front and center this hour, the state of play for stocks as the s&p nears the remarkable milestone. doubling from pandemic lows of last year, not far away. we debate the stocks doing best and worse over the period period of time. jenny harrington, josh brown, steve weiss and jon najarian, the co-founder of market rebellion.com. good to see everybody today. let's check the markets. stocks are mixed the dow lower by let's call it 100 or so, thereabouts, s&p a from a fractional winner nasdaq higher than expected. inflation read higher than

the ceo bob chapek says he is pleased with the company's trajectory even as he acknowledge the ongoing pandemic. much of the excitement was over disney+, its streaming service which has thrived during the pandemic as the company lost money from the cinema box office as well as its theme parks and resorts and cruises. in the last three months, disney added over 12 million new subscribers bringing the total to 116 million. most of this was new customers for its disney+ hot star service which is available in india and indonesia but what it makes less money off. while the disney film free guy starring ryan reynolds won't be available on disney+, it's getting exclusive theatrical releases for contractual reasons, the same cannot be said for other titles like jungle cruise and black widow. and for stars with box office profit sharing agreements, this has been controversial. the company is currently being sued by the actress scarlettjohansson. mr chapek would not comment on the dispute but in a conference call with investors, he did note that disney had contracts with plenty of stars seemed s

we'll see what he says tonight chapek will be on with jim wrb "mad money." let's get to t"the half. >>> thank, carl. welcome to the "halftime report"" front and center this hour, the state of play for stocks as the s&p nears the remarkable milestone. doubling from pandemic lows of last year, not far away. we debate the stocks doing best and worse over the period period of time. jenny harrington, josh brown, steve weiss and jon najarian, the co-founder of market rebellion.com. good to see everybody today. let's check the markets. stocks are mixed the dow lower by let's call it 100 or so, thereabouts, s&p a from a fractional winner nasdaq higher than expected. inflation read higher than expected not far away 25 points on the s&p, 44.74 and change is the number you need to watch today what what li what are you watching today what's most important to you do you think? >> i'd say -- i keep thinking about the rotation that we've seen the last year, and what -- what i keep maybe not what i'm watching but thinking about is this return to normal. as we return to norm

showing the numbers here they're proving it out >>> later in the show, we will show you what bob chapek said during the pandemic. >> take a look at futures. melissa said we are positive across the board that is where we sit now dow opened higher at 54. we are coming off record highs s&p is good- by three. check out lumber now the lowest level since january of 2020. down 13 of the last 14 weeks down 10% alone this week 'lbeig bk.wel rhtac >> announcer: this cnbc program sponsored by td ameritrade where smart investors get smarter. ♪♪ ♪♪ i've spent centuries evolving with the world. some changes made me stronger. others, weaker. that's the nature of being the economy. i've observed investors navigating the unexpected, choosing assets to balance risk and reward. and i've seen how one element has secured their portfolios, time after time. gold. an element so agile and liquid. a proven protector. an ever-evolving enabler of bold decisions. an asset more relevant than ever before. gold. your strategic advantage. your shipping manager left to “find themself.” leaving you lost. you need to hire

and ceo bob chapek defended the company's strategy for box office releases on streaming and in theatersthe leaders of our creative and distribution teams determined this was the right strategy because it would enable us to reach the broadest possible audience. tom: joining us for more is laura wright. what are the key takeaways from these disney earnings? laura: disney beat expectations with these earnings. the stock was rallying in post market-rate. disney plus now has 160 million subscribers, an increase of 12 million from the previous quarter. investors are saying that disney's pivoting towards that direct to consumer model. one activist investor from a hedge fund has been calling for disney to prevent more aggressively towards disney plus over the last 12 months. the streaming business is lossmaking, but disney reduced the extent of those losses significantly this quarter. the parks were profitable for the first time in the pandemic, a real milestone for disney, but there is concern around the delta variant. some airline data starting to show signs of cancellations to orlando. one n

very much. [ laughter ] >>> a quick programming note, don't miss the exclusive interview with bob chapekight on "mad money. he will join you know who. >>> after the break, the infrastructure bill carving out a billion for cybersecurity at a time when hacks have become more common, more dangerous one mayor in a city that is still rebuilding from a damaging randomware attack. grandparents! we want to put money aside for them, so...change in plans. alright, let's see what we can adjust. ♪♪ we'd be closer to the twins. change in plans. okay. mom, are you painting again? you could sell these. lemme guess, change in plans? at fidelity, a change in plans is always part of the plan. this past year has felt like a long, long norwegian winter. lemme guess, change in plans? but eventually, with spring comes rebirth. everything begins anew. and many of us realize a fundamental human need to connect with other like-minded people. welcome back to the world. viking. exploring the world in comfort... once again. millions of vulnerable americans struggle to get reliable transportation to their medical ap

sharply better than expected i'm blown away but do not take it from me let's sink deep we are bob chapekad money. >> hi, jim, how are you? >> i don't know. look, i'm grateful because of this quarter because it makes me happy. when disney does well, we all do well 18 months you came in almost immediately have to deal with this pandemic across all businesses and yet you grew. you grew almost in every line this quarter how did you do it? >> well, i think it is focusing on what makes disney different it all started with our story telling, told by the world's greatest storytellers. we decided early on in the pandemic rather than to put it in neutral and see what happens to step on the gas step on the gas on the the two biggest initiatives that we have going on in the company. one is obviously our direct to consumer proposition with disney plus, but also in our theme park business very rarely do we have to put up with a situation like a pandemic but rather than take it just for the negatives and there were plenty of them, because we had to shut most of our businesses down, we decided that we'r

. >> that was disney ceo bob chapek last night on "mad money. sales booming at the house of mouse.ybody bursting into disney world and disneyland and spending more to do it next week all eyes turn to the biggest stores and bib pisani has a look at what you need to look at for massive retailers. >> the consumers in great shape, the question for the rest of the year is will the delta variant sush their behavior. the american consumer has never had more disposable cash or more leisure time than in the past year in theory it makes it a golden moment for retailers which will begin reporting next week. that strong consumer has created high demand for goods but supply is limited due to supply disruptions. that means lower inventories which means more full priced items and that means for profit for retailers. the big wild card is the delta variant. the worry is consumer behavior could change very quickly. now the key test is back to school a strong back to school is good tor retailers and it usually implies good holiday sales as well so right now everybody is looking to the south which has

. >> chapek deserves all the credit in the world. knocked the cover off the ball the question is, do they deserve the multiple that the stock is trading at can they maintain it to justify where it is now? >> for sure. for sure so absolutely, scott they killed it the print was fantastic. it's an expensive stock. and it's a new position for us we bought in a couple of months ago. we didn't chase it last carrier. last year was an explosive year. what i will say to keve's point on the management team, they've done phenomenal. from the beginning of the pandemic they've been on offense on restructuring and expense management for us i think there is upside from here even the subs grow i know some of it's low margin overseas but i think they've executed very well. i think there is upside from here profitability on parks and, you know, themes and products, impressive present i still think they can grow. and they will from here. >> shannon, you own it as well >> i fine the conversations about the cost of subs very interesting, being a holder o

the company went public by a spac in june adopt forget to watch jim cramer's conversation with bob chapekinteresting big movesers there, but disney will certainly get the most attention >> it will at this point, it's going for something like 60 points on the dow. obviously it seems ago if expectations had been moderated for the quarter, given how the stock hadn't really done much. it's very disney specific. aside from theme parks, you know, characterizing bookings at those parks strong, is probably a net positive, or at least a bit of comfort for anyone -- though trips to disney is probably the last thing you cancel, right, morgan? >> it's so expensive. >> people plan for years. >>> yeah, okay, great. it's been a pleasure to be with both of you. that will do it for "closing bell." "fast money" starts now. at pnc bank, we believe in the power of the watch out. the “make way, coming through”... great. the storm alert... dad. and the subtle but effective ding. that's why we created low cash mode. the financial watch out that gives you the options and time needed to help you avoid overdraft f

. >> a lot of reaction from the street goldman goes to 218, morgan stanley reiterates a buy chapek lastight did talk about the degree top disney is getting a more firm picture of exactly what pricing looks like in the streaming business. >> our churn rate is down, retention rate is up, we're still adding subs. so it's a perfect indication of what that price/value relationship is for the guest. i think it gives us more fuel for the future >> that's going to be key, is figuring out what people are willing to pay and how it's going to work on the premium fees we're going to talk about scar-jo in a minute. >> they waited and waited and waited, and then they pulled the lever. remember the initial massive rally related to streaming kicked off on investor days when they set the price point they said, this is too low, but will get massive ramp and -- >> that's going to be maybe the de debate. >> they did see higher advertising revenue. now we do have to talk to scarlett johansson. >> he didn't mention her by names, but they did work out how to fairly compensate our talent, and he said most deal