craig moffett will join us that's where we want to start with media mayhem that took wall street by surprise today it began with what we are calling disney's tragic kingdom. ceo bob iger saying something sent down the stock midday and sent the stock into a frenzy julia has the details. >> well, melissa, it was xhe comments bob as well as comcast executives first, disney shares took a hit. >> i think you have to look at the year as being roughly in line with eps basis, what we delivered in fiscal '16. >> now, last year, disney's earnings were $5.72 per share. 16 cents lower than consensus for this year according to tomp reuters. he attributed this year's shortfall to a number of reasons including growth in nba rights cost lack of a big "star wars" film as well as cost relating to buying more bam tech he also noted impact from hurricane irma there have been cancellations in orlando and the cancellation of three cruise sz and shortening of some other cruises. then comments from a comcast executive sent shares of cnbc's parent company down even more. you see shares were down more than 6%. he war