you have been pretty clear you are not a huge fan of bob chapek .ou don't think he handled the situation in florida well. disney is losing these special privileges they have enjoyed in florida for decades, as a result of this very controversial don't say gay bill, and it is clear that lawmakers in florida are taking this out on disney. what is your take on bob chapek now? now that you see these numbers? are you having a change of heart or you are still not a fan? ross: well, he just fired the pr guy for what is going on in florida. there are a lot of things i do not think he is handling the way i wish. the florida situation is a tough one, but i think that disney wins in the end, because whether you are on the right wing or left wing, your kids want to go to disneyland and there are a lot of people who type stuff on twitter and facebook, but then they go to disneyland. so, i don't think that is an issue, but the higher cost, higher taxes, disney's relationship benefits florida, so what i think is this will smooth out over time and these political wa

what is your take on bob chapek, now that you see these numbers?re you having a change of heart or you are still not a fan? ross: well, he just fired the pr guy for what is going on in florida. there are a lot of things i do not think he is handling the way i wish. the florida situation is a tough one, but i think that disney wins in the end, because whether you are on the right wing or left wing, your kids want to go to disneyland and there are a lot of people who tie set to twitter and facebook when they go to disneyland, so i don't think that is an issue, but the higher cost, higher taxes, disney's relationship benefits florida, so what i think is this will smooth out over time and these political wars over the right and the left are more laid out in the media then in the actual behavior of people. emily: we continue to get headlines from the call, disney saying they expect disney plus to grow even more in the second half of the year, though maybe not as much as we have seen it grow in the first half of the year, so that is the number to watch,

chapek did speak on a lighter note about strength in the parks division, which did beat expectations he noted that at the domestic parks per capita spending was up by 40% melissa? >> julia, the stock is now down by more than 4%. so it is agone deeper in the red since we started talking but i want to be clear, they're talking about geopolitical impacts and the markets that they plan to launch in the third quarter. so that's basically their guiding down in terms of subs for the year >> yes, so the indication was that they hadn't expected to add as many subs as they did this quarter. they did in the first half of this calendaryear add more sub than expected. so there is this question then is will the second half maybe perhaps be lighter if you look at the fact they're going to be launching disney plus in markets like poleland, they're going to be sensitive to the fact there could be impact of that russia conflict in ukraine right now. there is the question of uncertainty there. and then also i think a little bit of caution in terms of saying they're pulling down their content spending f

bob chapek came out this is interesting if you follow the timeline and we may have a write up on thiso meetings in march with desantis, we're told from aids of desantis told us this. one phone call which went pretty good and it was a kind of a zoom meeting the second one which went well, where chapek said listen i don't like the law but didn't say he was going to attack it. literally the next day or two days later he came out at a board meeting and said they are going to try to change the law. that insensed desantis from what we understand. he then, then desantis reviewed a tape of what his aids are saying is a, and i saw the tape, it's a disney executive talking about infusing her words, queer ness into some of the sort of child-centric programming, that disney produces. it was one in particular. that sent from what i understand desantis over-the-top, and then that pushed him to do the florida law, the second law, which essentially removes all of disney's special tax status, its status as essentially an island into itself inside florida, and pushed that through the legislature. here

it'll be interesting if what bob chapek, the ceo of disney has to say about this.n the losing end of this desantis is the first governor of any state to stand up to these woke companies, you know, goldman sachs, this one, that one, during the 2020 summer of love when there were largely peaceful protests as mobs were burning down cities, you know, they were sort of virtual signaling some of this stuff following the tragic death of george floyd and defund police movement, and no one really fought back. definitely not here in new york where we had massive riots definitely in portland, oregon where they had riots or seattle desantis did something different he fought back and he's winning and the republican party that officials that i speak to say he represents a template against corporate wokism, which i will say this , neil, the republican party right now sees corporate america as almost an addendum, some sort of a part of the democratic party and then just not going to take it lying down, so i guess chapek we'll hear if he's going to meet with desantis, desantis agai

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ahead >> i was going to say, jonathan, it has been a tough run here very quickly, is the ceo bob chapek'sof controversy with what has happened with the florida political issue and with some of the other shoes in regard to the strategic focus. i don't think so he still had to report to the board. if you look at the numbers and dig deeper, you see subscriber numbers, disney plus numbers, were strong. they were the best in place. they beat all of the other peers with 7.8 million gain for the quarter. it was per than paramount plus and warner media and netflix subscriber loss. i think he still has some length he is an insider that was promoted to get this job he knows everybody i think he is more of a quiet guy behind the scenes guy. >> he's going to have to come out and speak up and get in front of the scenes. the chief comm officer got pushed out after three months. i know him well. jonathan kees, i appreciate your insight. thank you very much. >>> coming up, more on crypto big fall crypto below $27,000 for bitcoin. we will dig in next. >>> time for today's most random, but interesting thin

disney's ceo, bob chapek, called for the law to be repealed or struck down. >> all in favor say aye, all opposed no >> they voted to take away disney's self-governing authority. as states begin passing abortion laws, companies including apple, amazon, and levi strauss began offering to cover travel costs for employees who need the procedure. jen stark helps companies navigate social change and says companies have to think about their role in advocacy and public policy. >> abortion is part of the constellation of care that women need to show up at work. we know when women lack access to abortion, they're three times more likely to leave the workplace and four times more likely to be -- >> she says the younger generation is gravitated toward companies they politically align with there's continuing silence from a number of companies including google, meta, and disney >> perry russom, thanks very much >> what a day on wall street after the federal reserve took its most aggressive step in decades, to try to beat back surging inflation. fed officials raised interest rates by half a percent

. >> the welcome from disney ceo bob chapek and the galaxy of stars assembled here indicate the importance. >> the huge thing about it is you know that they believe in you, because they put their money behind it. and that is all that really matters. >> one star had a message for those buying commercials. >> i say bet on a sure thing, baby. abbott elementary. >> in years past, this presentation was limited to the abc television network. but not anymore. >> the best opportunity to really showcase the walt disney company. it is the unparalleled set of franchises. >> grants like the one kerry washington talked about. >> it is this brand-new platform within hulu where we are telling stories by artists of color. >> the presentation is more elaborate than the one tovar greyser members when he was an abc intern. >> i should have known from that two of never gotten into television, but i did anyway. >> now he is going into season three of home economics. also on abc, oscar-winner and hilary swank has a new drama called alaska. >> we are seeing content being told from different points of view, which

acquisitions, maybe disney under bob chay peck, the idea of what does the future of disney under bob chapeklike netflix is complicated, but i think that roblox is interesting because of the that is correct that it's focused on the younger demographic. it's a vastly different company. when you look at iger's acquisitions, they were about intellectual property, taking the brands, thing them into the disney platform and then exploiting those brands across platforms from parks to tv to movies roblox and netflix are different. netflix is a competitor to disney plus. maybe it doesn't make sense, and i would wonder from a regulatory standpoint whether that would be bobble, roblox is a gaming platform disney has moved into the metaverse virtual reality space way back with club penguin probably 15 years ago. i do think they are interested in the metaverse and trying to figure out how to get more into the gaming space but they may be able to do that without acquiring a roblox. >> julia, you point out there's uncertainty. but the last time kind of without that pandemic, you know, dump in consideration

especially one chapek had telegraphed that the first half of 2022 would be slower growth.ney suffering from the same headwinds as everyone else. the war in ukraine impacting some of those eastern european markets. you have high inflation, concern about recession. there were other bright spots about the parks business has done very well, new markets coming online. it is a mixed bag, as you put it. but overall positive. shery: how did parks in china do given a lockdowns? ed: there was a miss on eps. part of that was one time tax obligations. the other is shutdowns in china, and what is going on in hong kong is weighing on profitability in that unit. it was very clear in this quarter and in the coming quarter. but parks everywhere else globally are doing really well. a real tailwind as part of the reopening story coming out of covid. but inflation, concerns about recession. there are longer-term questions about how much improvement we see from the parks business. haidi: what did we hear about spending on content? ed: spending going to get pulled back a little bit, around $1 b

much money on fox and they can't take -- they overpaid for fox dramatically that was not his fault chapeke numbers game of how many people do i have for direct to consumer, and how about india -- he's got to go back to the well, and the well is the theme parks, the well is what we took our kids to over and over. that's magic he has to go back to magic >> if the well is theme parks, isn't growth streaming >> no. >> what determines the multiple -- >> just a second, just a second. park in austin >> yeah? >> park in austin. >> all right >> need 8 billion to build it. and after it's done, we'll realize that the magic is back and we'll look at netflix and say, what do they have i'm not going to that darn squid games park what the hell will that be like? i like mr. toad's wild ride. but the guy who spent the fox money, i think he got rid of it. >> before we go to pisani. paramount, he has a big position in paramount were you surprised i was kind of surprised. >> i don't know. i'll see jim stuart's book and make some decisions. >> he's got another one? >> he's got one. >> paramount wars? >> i thi

do you believe chapek when he says 2023 and 2024 goals are easily achievable? i don't know if i believe that we have inflation and churn goes up if people find this out and i don't want disney plus >> there are only a few left six or two or one? greenfield says he thinks disney should sell hulu and reinvest in roblox or netflix. keep espn. slim it down maybe not spend as much there. this is when you see revaluations on the street looking at things differently. you will see ceos rethinking what makes sense in the environment environments. >> to see rich greenfield who is the biggest proponent of streaming and very right about that and then turn around and say the model doesn't work get rid of it. he is not saying the model doesn't work >> maybe netflix given the valuation. you sell out of one andput int another one. netflix is not getting rid of streaming. it is looking for another way to beef up. the entire board rooms everywhere will rethink strategy based on the market revaluation. you heard that already from somebody like dara he said we have to change our p

our message is to bob chapek knock it off. focus on excellent products and services to customers.hey deliver the opposite message telling the ceos to wade in issues. >> steve: you mentioned capital markets what you are doing sounds like capitalism. you launched yesterday when is it going to be available for the average person? >> yeah. what we said in the press release third quarter of the year is when we expect to launch our first product. this is going to be a long-run journey of bringing a different voice to capital marks. a different voice to the table. the number one thing we are focused on every step is that mission of taking the actual shareholders in this country and representing their actual voices in a way that the big three asset managers aren't doing today. >> steve: big asset managers are located in new york? i think strive is going to be there in ohio, right? >> that's right. right here in columbus, ohio. that's where i am. if you are going to change the heart of our country and economy you have to start in the heart of the country and that's where we are. >> steve: