iger essentially appointed chapek to be his successor. iger didn't like the guy he was doing.nd replaced him. he is supposed to be there two years. larry doesn't like what weren't down at disney, without mentioning these two guys. get back to iger. what is going on with disney with succession? here is what we know. i can say sources told the fox business network that there is talk he could, that he is likely to remain after his contract current contract is over, that is december 2024. liz: he wants to extend. >> we understand. by the way the company is not denying it because i called them and asked them. we're getting this from senior people that know iger. now what is the problem with this? why are they doing this? because he is having a very difficult time finding a successor. they blow her out? fired her? got rid of cfo, that is a problem. adam silver, nba we reported on the show was one of the people in the running. was in the running. unclear whether he wants the job? he came out threw cold water on it, but disney confirmed he was on the short list. one thing i tell you b

last one, there may be no clear successor for bob chapek i'm not sure there is an obvious person to takeover and that is the reason they kicked the can down the road again. >> a lot going on. there are issues with the parks and issues with the streaming service with disney plus and legacy tv with abc and espn. what is going on can bob iger fix these issues? we are showing the stock price since he returned as ceo stock is down .50% what is the board seeing that investors are not seeing >> that is a great question. what the board has subtly asked bob iger to do here is to restrategize the company and company's plan that he put together bob iger made the modern disney. those acquisitions i talked about and in the past few years, redirected the company toward streaming with disney plus and hulu away from media disney still owns the legacy media apps with abc and fx and natgeo and espn. iger may be in charge of how to shed the assets or spinoff espn or buy 33% of hulu from comcast in the coming months what do we do with that when we owe them $10 billion when we spent the money on the fox asse

this time last year, bob chapek was disney ceo.ngs were awkward because it was not going well for the company at that time. guy: this is where power is centered in this industry the next few days. labor increasingly feels -- we've been talking about wages, feels like it has an increasingly upper hand. have they all got one i over their shoulder, looking at what is happening with strikes that are taking place? ed: behind closed doors, there is always a discussion of the macro, on this state of the u.s. economy. what is common between the different arms is they have all gone through cuts, workforce reduction. there is an element for streamers on an emphasis of deleveraging. they need to get their finances in order. that is a big part of it. again, we want to see some green shoots either from the ipo market or the deals, there are existing deals where they are happening in the background. guy: i liked the jacket. i am not going to diss the jacket, alex has an issue with it being swayed, but judging by the weather, suede looks perfect.

disney was four years ago and bob iger was indeed the ceo then before he had given the role to bob chapek. this is a surprise that his contract has been renewed. it is enticing to keep them on board at disney, because you are looking at streaming subscriptions down, you are seeing some trouble at parks as well. the media entertainment environment is really volatile. you have seen over the last couple of years how disney has been wrapped up in culture wars with now presidential candidate ron desantis, the governor of florida. that ways into these headwinds disney is continuing to face. we saw longtime cfo christine mccarthy step away last month. she is staying as an advisor but that is a pair of steady hands they are losing in that capacity. it makes sense to keep bob iger around for quite a little bit longer, but it does raise questions about who will be the next bob iger, the next ceo of disney who will be able to come in and provide a path going forward. he took some of his leading managers with him to sun valley, so we will see if it ends up being anyone of those guys. dani: let me run

i don't think chapek had as much to do with those bombs -- >> referring to the last pixar movie?movies were not well received. >> i saw the mission impossible movie last night. >> you did go. >> i did go. that's why i'm tired they didn't get started until late. >> 2 1/2 hours >> tom was there, though i saw him. it was far away. it's amazing he runs. i'll pay anything to go see tom cruise run at 60 years old. >> i want to give a heads-up you don't come on and say, wow, i'm really tired today you don't do that. >> you don't >> that's not part of the handbook >> i was up late with tom cruise >> i didn't actually -- tom and i didn't really party together nobody works harder. by the way, i don't know if you guys know this he does his own stunts. >> i had a business dinner until 11:00 last night. >> did you really? this went way later than that. >> david, i don't necessary get as tired as you do. >> i need more than four hours of sleep. >> i got up at 3:30 and i got my call tomorrow at 12:00 you know what, david -- >> we're aware. >> i'm not tired i'm not tired. i'm ready to talk about

this time, there's been an inability to find somebody to take over from the long term obviously, chapek'se was short and not successful. >> little rocky. david, we'll see you in a few. we'll hear more from your interview with bob iger. three big stories we are watching this hour s&p and nasdaq trading at 52-week highs. our next guest says there's room to buy here. citi joins us to discuss delta turning lower despite record results ed bastion sees gains ahead. more of david's interview with be bob iger, take on the writer orrike and battle with the flida governor ron desantis and future of disney's theme parks. see the full interview at 8:00 p.m. eastern big show still ahead stay with us i was told my small business wouldn't qualify for an erc tax refund. you should get a second opinion from innovation refunds at no upfront cost. sometimes you need a second opinion. all these walls gotta go! ah ah ah! i'd love a second opinion. take the first step to see if your small business qualifies. is it possible to protect my business from cyber threats? take the first step to see it is, with comcas

bob iger personally selected bob chapek and then could not let go and hovered around and lo and behold, he's back two and half years later. now he's got the task again, i might add -- i guess he's got about a year and half left of finding his successor at disney. it could go down as the first ceo in history to screw up the succession process twice. jack -- it is important to understand why jack welch conducted this succession process at ge the way he did. the reason he did the way he did his he didn't like the way it was done to him. he's like a child in that regard to some extent. what happened to him, rich jones was his predecessor and ge just moved from new york city, lexington avenue during the wave when america seemed to think having campuses in the suburb was a real thing. jack was very happy up in plastics. he had his own fife them up there -- his own fiefdom up there. he loved it. he was like the king and did not want to go to fairfield and register. he did not want to have -- if you want any chance of being my successor coming have to come to fairfield. after several promotion

he returned ceo last year following the ousting of his successor, bob chapek.axpayers who file their returns through some of the nation's largest tax prep companies. they have had their personal information shared with a key tech firm, a report by a group of congressional democrats says h and r block tax act and texas tech's layer shared highly sensitive information on tens of millions of taxpayers to meta over a two-year period. the information included taxpayers income tax deductions and exemptions all 3 companies say they take the concern seriously and are taking appropriate actions. and the powerball jackpot keeps climbing. now it's at an estimated 875 million dollars. lottery officials now say saturday's prize has a lump sum cash value of over 440 million dollars. the winner also has the option of taking payments over the course of 30 years. saturday's winning numbers will be drawn at 8 o'clock. best of luck. in the east bay, an animal rescue service is urgently seeking people to adopt and foster animals in need. martina animal rescue shelter in benicia sa

the price hikes with a a previous ceo, bob chapek where they raise prices 9% on multi-day for you. and i to go if we want to go on a fun afternoon, edge and you and i and disney >> we'd be fighting going to go on what right? it was $255 k last year this year. it's $285. and know. and robbie, don't forget and you get a lot less because don't forget the fast pass. now you got to pay for that. you know, it. that's the thing that gets me. it's like it's really expensive. but they've taken away so much that now i have to pay even more. i don't i just don't know. and i love disney so much. >> yeah, i've never been to disney, which is going freak you i'm a value know me. keep like a strike. >> calling cps. i'm calling cps. you have not take your kids to disney. this is not this is not only kids gone. i okay that without you. that's fine. joey hollywood real quickly because this writers strike is like even if you don't care about movies and tv and stuff like for the economy in california, it's really costing us. >> yeah, it really is on the writers went on strike in may and now the actors

i have got to big this guy bob chapek to take over.on government, ache he is saying to left wing employees. iger wants to come back and stay and wants a huge wage what does it mean. still fighting it out with ron desantis. support desantis support trump. i'm staying out of disney. hurts park price, foot traffic to the employees. here is ron desantis talking about why it's necessary for him to take on disney. >> my wife and i really believe parents should be able to take send their kids to school and not taking on cartoons. stood up to rights of education bill. i think it is impacting parents' willingness to want to take their kids to the disney stuff. >> brian: they are suing bang and trying to get their word out. in the meantime people are taking sides and suddenly disney is knee deep in politics. bring in making money's own from fox business charles payne. charles, your reaction to what disney is seeing at their greatest asset and that is their theme park. >> they have four major component of their business. this was the one seen as

but returned as ceo last year following the ouster of his successor, bob chapek. >> and breaking newsfda has just made a major decision when it comes to birth control >> 10 29 and we're checking out the weather for you. it's a big headline because the big heat wave. oh, yeah. >> had got some. what? triple digit heat on the way starting tomorrow, right? john yapp starting tomorrow. that's when we'll see our first triple digits and then blasting right past 100 degrees into saturday and sunday, which will be are 2 very hottest of days today already getting that sunshine at the embarcadero there after what was a foggy start. thank goodness for that fog, though. it's rescuing a lot of our coastal and bayshore areas from the bulk of the heat that those areas in pink your map here, we'll be seeing building in more and more and 11:00am saturday. all those excessive heat warnings are seeing go into effect last of the rest of the weekend. now, as of right now, temperatures already showing a wide range. san francisco at 56. and then there's that would 83 degrees. so temperatures inland already n

>> you can't blame bob chapek that happens at disney this project has been in development for many, manydisney. even when iger wasn't ceo he was still running the creative a number of things with the distribution of disney movies that arguably caused audiences to expect them to be at home rather than in theaters. i don't think you can blame him for the creative on the flop. >> matt, what's the backlog at disney, what kind of films do they have coming up? more of the same all of this has been affected by the strikes, but what do they have that's different from what you've laid out. >> they have a snow white remake that's currently done and ready to come out. they have a marvel films, a sequel to captain marvel and that's more of the same marvel stuff, they've got a couple of avengers movies that have been delayed by the strike. but there's not a lot on the disney slate, we have another avatar, not a lot of risk-taking on the disney slate and what we just with barbie and oppenheimer, those movies were big risk $150 million feminist manifesto disguised as a barbie movie. a those are movies