this is shanghai disney resort. the newest happiest place on earth opening its gates to the public for the very first time just two months ago. >> here east meets west. the past meets the future. and anything is possible for those who believe. >> reporter: since then, over 1 million guests and counting. it's the sixth resort for parent company. the project taking five years to complete with a $5.5 billion price tag. >> i'm in the center of this resort, the enchanted storybook castles. it will be the tallest and biggest castle in all of disney. the transformation incredible. this is the most grand of all the castles in the disney parks. almost 1,000 acres of land, 12,000 trees planted. stunning. >> reporter: i got a behind the scenes first look at what disney hopes will be its grandest fairy tale yet. once upon a time, after over a decade stalled in negotiations with the chinese government, disney broke ground in april 2011. >> disney only owns 43% of the park. the rest is kind of controlled by shanghai shandy group,

disney owner loves disney. the bamtech purchase is interesting.and does power much of what we see online today. and to get a third of that company i think is meaningful. >> major league baseball? >> major league baseball online operation. >> this is something recode is reporting on a little while. a billion-dollar investment. >> right. i believe they run the technology for hbo's streaming service and they do it for a lot of others and long term it's a smart bet for disney because the straight cable provider as we know is changing and bamtech is in a lot of ways the future. >> all right. robert, you're excused now. thank you for contributions. >> he loves disney. buy disney. >> yes. stay tuned to see what bob iger has to say about this. see if you want to hold your disney position. i'm sure he will. >>> we have much more on disney's earnings still to come. bob iger, ceo, joining us on a first on cnbc interview with shares under selling pressure after the results worth mentioning this is a stock, bill, down more than 11% in the last year or more. >>

this is shanghai disney resort. the newest happiest place on earth opening its gates to the public just two months ago. >> here east meets west. the past meets the future. and anything is possible for those who believe. >> reporter: since then, over 1 million guests and counting. it's the sixth resort for abc's parent company. the project taking five years to complete with a $5.5 billion price tag. >> i'm in the center of this castles. it will be the tallest and biggest castle in all of disney. the transformation incredible. this is the most grand of all the castles in the disney parks. almost 1,000 acres of land, 12,000 trees planted. stunning. >> get the show on the road! >> reporter: i got a behind the scenes first look at what disney hopes will be its grandest fairy tale yet. once upon a time, after over a decade stalled in negotiations with disney broke ground in april 2011. >> disney only owns 43% of the park. the rest is kind of controlled by shanghai shandy group, locally government-controlled entity. disney

now disney owns a piece of hulu.s another example of how it's taking more ownership over it's content distribution. >> thank you for bringing us that. let's also bring in the senior media and entertainment analyst at drexel hamilton. he joins us on the cnbc newsline. why baseball and how do you grade the consumer side of the product that disney is buying into? >> this goes back a little bit to the earnings can which exemplified what disney does best which is disty beauty brand to the consumers. and the it's launching it's own version of an hbo. >> perhaps the disney investment puts that to rest but what's the pros and cons of developing this technology outside of core espn. >> so i think when it comes to streaming direct consumer. we can going to separate into two buckets. sports and non-sports content. i don't think that sports content can go over the top and direct to consumer. some sports can but the leagues make more money by fragmenting so if you look at thursday night football it's split among three different t

disney openedare, shanghai disney in june. adding to their already impressive arsenal of parks.e shanghai park is critical to disney in helping boost its international business. disney has not recorded a profit on its international park investments since it began breaking out that part of the business in 2004. as for the movie business, disney could see a record box office this year. you're looking at its film operating income which jumped 27% last quarter. this reporting season, finding dory, captain america and jungle book all provided big boost. box office top u.s. movie this year. there is another star wars movie due for release later this year. on the small screen, espn and cable networks are big profit driver for disney. this quarter the results could be a mixed bag. cable advertising growth is expected to rise while subscriber losses that espn still way on -- weigh on them. almost 10 million fewer customers than in 2014. because of the high demand for boards programming, yes p.m. charges a high of affiliate fee, four times its nearest rival. the problem is that disney is

disney is buying a minority mtech for $1 billion.cine. revenue rose 8%. competitors attempts to break into the market have fallen short. the judge in the massachusetts case involving sumner redstone has set a trial date. the judge said the trial over the ouster of the ceo will run for five days. at issue, whether sumner redstone wrongly ousted him from a trust that controls by comp. that is your bloomberg business flash. scarlet: "what'd you miss?" productivity unexpectedly fell. while productivity has been week, tricky problem since productivity growth is a key factor behind rising living standards and wage growth, so how would this data factor into the fed's decision as hiring remains robust as well. we spoke to the global head of market economics. of the day, we can't pay ourselves more than we earn, so productivity is low, increase.ndards will investments are lower proportion of gdp than it used to be, firms are much more cautious about hiring people. .econdly, some changes 20 years ago, the guys who retired were replaced by youn

. >>> disney magic. did the media giant make subscriber problems disappear. >>> your money, your vote. donald trump was he misunderstood or out of line. it's wednesday, august 10, 2016 and "world wide exchange" begins right now. >>> good morning and welcome to "world wide exchange" on cnbc. i'm sara eisen. >> i'm wilfred frost. good morning from me as well. >>> let's check on the markets this morning. we eked out gains yesterday. >> eked is the right word. >> eked just barely moved. you can see the action is minor again this morning, but we are seeing green arrows on the screen. dow futures up 15. s&p up almost three. nasdaq up 5.5. tech as you mentioned has been the outperformer. 10-year treasury yield. lower yields have really happened lately. we are seeing lower yields again. we've come off 1.57 where we were yesterday. buying of treasury, buying on stocks both assets rising in tandem. this is a global fe no, ma'am non. european equities let's have a look at those. pretty much flat to mixed today. goo

since it opened the doors in june. >> reporter: this is shanghai disney resort. it's the sixth resort for abc's parent company. the project taking five years to complete with a $5.5 billion price tag. the location within three hours by car or train with 330 million people in a country more and more disposable income. >> if they even get a fraction of the people into the park it has a potential to increase the revenue. >> the stakes are high. >> they spent five years building it. many more in negotiations. that alone makes this a huge, huge expense both human and dollar wise for disney. that means there is an incredible amount at stake here. ? >> reporter: and although the stories are classically disney, there's the chinese twist like with snow white's dwarves, off to work they go. this time in mandarin. >> it's about bridging the culture and help our team understand what the chinese guests want and what is their culture. >> reporter: this is the cultural analyst for shanghai disneyland. what's the difference between an what they want to see at disneyland? >> from

disney has seen that and i think some of the numbers are not capturing accurately what disney seasonhere is a dramatic change in projector he, just a study line -- projector eight, just a steady line. they do not have a lot of affiliates but they do have extra cost pressure, so it will be important to see what the market is for them next year. i think you feel hopeful in this microenvironment, but the secular concerns are kind of going to be something that weighs on the stock earnings and all the concerns will come up front. nejra: what is your question going to be on the conference call? if we are able to get in there and people jockey for position, i am seeing what they orlando, to say about latin america, the news flow, and to people still want to go to theme parks like they used to? nejra: our thanks to barton for joining us today. later today, bloomberg's david westin will be talking with 6:15 p.m. bob iger at eastern time. do not miss it. hill, a news on william leading company in the u.k., saying they rejected a proposal and aaa -- from 888-rank they rejected the share offer f

disney a big dow winner ahead of earnings this hour. phil flynn, price futures group is a fox business contributor. he is watching all the action in oil at the cme. lori rothman on floor of new york stock exchange. lori you're watching shares of valeant, seeing a biggest intraday jump more than a decade. tell me about the story. reporter: valeant pharmaceuticals sticking by its financial outlook. that was huge relief for the investors. it has had a rocky last year. gaining nearly six bucks a share. we have other stocks with interesting stories today, norwegian cruise lines, shares down about 11, almost 12% on the session, cutting its financial guidance because of weakening u.s. demand. norwegian cruise lines fewer americans are booking trips to europe. you can figure out why. concern for terrorism overseas and around the world for that matter. shares of gap, down today as well. comparable store sales down more than expected, 4% in july, and the gap is blaming banana republic stores, throwing banana republic under the bus for the disappo

but tonight, we begin disney. the blue chip company rode a wave o, finding dory and captai america to a very profitable quarter. that incre helped off set sales of its cable unit, which fell short of ek peck tases and the biggest surprise was a major in in a video streaming company formed by major league baseball. bam tech. overall, disney earned$1.2 per share. r reve but investors apparently wanted more and shares fell in initial afterhours trading. julia boorstin who speak with bob iger, ha results. >> the big headline from d earnings red light is commitment to digital. third of streaming video company bam tech for a billion dollars. with plans to buy a new sports app. also plans to o apps and produ company's other properties. model.hin we think that in today's world, having the ability to stream on a scaled basis, live sports and live programming, is a competitive advantage. >> disney's ceo says this investme leaves the door open for th eventually bring its core espn service direct to consumers outside the bund

disney reports earnings after the u.s.sing bell, remain things to focus on, theme parks, movie studios and tv networks. let's dig into all of them. you have the theme parks with a lot of fanfare, the ceo opened shanghai disney in june, adding to their already impressive arsenal of art -- of parks. shanghai alone may attract 3.5 million people through the end of this fiscal year. the shanghai park is critical to disney in helping boost its international business. disney has not reported a profit on its international park investments since it started breaking out of that part of the business in 2004. disney could see a record box office this year. you are looking at its film operating income which jumped 27% last year thanks to a star wars induced boost. reporting season, finding dore, captain america civil war and google book could provide big boosts. cap that america is the number one movie internationally. another star wars movie due for release later this year as well. in the meantime on the store -- small screen, espn a

we know disney stories. they grew up with us.hard for us to for us to make this experience that even when you don't know the characters, you feel excited to see them. >> reporter: she thoughs me tsh wandering moon tea house. >> this is inspired by chinese forest. >> reporter: that pride making this park entirely unique. and that may just be the key to a fairy tale ending. >>> they went big. >> i kind of want to go just to hear the disney songs in mandarin. >> it would be kind of cool. >>> this morning on "world news now," donald trump's proposed test. >>> the republican nominee rolls out his plan to test anyone looking to stay in the u.s. trump is touching upon other topics in his foreign policy speech and is being accused of revisionist history. >> severe weather across multiple regions overnight. a storm system in the midwest spurred a damaging tornado in indiana as the flood waters in louisiana continue to rise even after the rains have gone. >>> and police have arrested a suspected arsonist wanted for the california wildfire.

the walt disney company had quite the announcement.r earnings, which you would like to talk about. as most people know, i used to work for you and when i worked for you, we used to have this discussion of content versus distribution. it strikes me that this is the first time you have made a major investment in distribution. is this a recognition that you also have to have distribution? >> that is a good question. i think it is safe to assume this is our largest investment in what you might call distribution. the way we look at it is it is an investment in technology. what we have been saying for more than a decade is our strategic priorities making great quality content and using technology to make the content better. also, use technology to distribute it in more moderate ways, more ubiquitously, more effectively, ways that the consumer, possibly even enjoys it more is gravitating more toward it. that is what this is. it is safe to assume it is a distribution play. we view it more as a technology play and that is vital for the future o

land over ate disney. the media's german joins the road ahead.louds may be clearing oversold her city and elon musk surprises at the other end of the earnings call. how we explained tesla's acquisition of his cousin solar company. yelp's second quarter comes highly recommended. we will watch their dust walk through the latest earnings report card. elon musk joining the solar city earnings call as tesla prepares to buy up the company run by his cousin. solar city continues to lose money. shareholders will hold a vote on the $2.6 billion deal. share.st to your $.32 a $2.32 a share. there is a strategic shift underway at the country. he is focusing on profitability rather than growth and he has trimmed his forecast for the year twice since then. how did the report impact the future tesla division? i want to bring in our analyst with the bloomberg new energy finance team in washington and cory johnson our editor at large. we have been listening to elon musk on call in the important point to make, it is not that there will be solar panels that of the

bob iger opened shanghai disney back in june. year. the shanghai park is critical to disney in helping boost its international business. business has not reported a profit on its international -- disney has not reported a profit on its international park business. disney could see a record box office this year. the film operating income jumped 27% last quarter. season, other films could supply big boosts. there is also another star wars movie due to be released later this year. on the small screen, espn and the cable networks are a big profit driver for disney. this quarter, the result are a mixed bag. cable advertising expected to rise, and subscriber loss weighing on espn. translates into 10 million fewer customers than in 2013. because of the high demand for sports programming, espn charges a high fee. disney is vulnerable to people unbundling their cable packages. we will be looking for numbers when disney results cross after the u.s. closing bell on tuesday. rishaad: to get more on that story and all of the day's top bloombe

that would be a rarity for disney.nefit next year of not having the shanghai start up costs which were significant in fiscal 2016 at $350 million. that park is opening well in terms of the customer experience. years before a few we see a meaningful impact to operating income. we get the one-time benefit of not having the startup cost next year but in terms of organic contribution, it is a long game in china. the change for disney has been netflix and amazon prime. how much to those companies help or hurt disney? i think it's a double edged sword. on the one hand, the marvel inverse is very significant the netflix franchisor disney has embraced those sales and partnerships with open arms. on the other hand, it shifted the debate to the secular trends and how millennials and younger folks will approach consuming cable content as we go forward. it's they do it in nontraditional fashion, i'm not sure how the media sector has addressed how that will look. debate not settle that in a year and that's probably why the 2% subsc

. >>> disney took a giant step into the future. as we reported last night, the making a billion dollar investment in a streaming media company created by major league baseball is about a lot more than just streaming sports. as julia boorstin reports, it's about reshaping an industry that touches and ente >> disney's making a billion dollar bet that this future is dingital. buyim and disney's collaborating with bam tech to create a streaming espn baseball.orts a it won't stream existing espn channels, but disney's ceo, bob iger, says this op espn's busin down the line. >> if the business model is supporting these great media property starts to fray, in a significant way, we have the r pro th replace it or supplant it. that's really important. we're not suggests it's going to happen. it's our hope it doesn't happen, but this puts us in a great position should it happen. >> apart from espn, iger says this investment will hy d consu orngs imagine a disney app for kids o ml content. it's not justal al lal la cart. disney says it's top c

still ahead, disney earnings out after the bell today.esults could signal what would happen in the media industry through the rest of the year. we will break down what not to miss. this is bloomberg. ♪ shery: disney reports earnings after the closing bell today. three items to focus on -- theme parks, movie studios and tv networks, especially espn. .et's dig into all of those first, the theme parks, with openfanfare, rob eiger shanghai disney, adding to the impressive arsenal of parks. disney attracted fewer than 140 million visitors last year. attract 3.5 million people through the end of this fiscal year. the shanghai park is critical to help boost its international business. reported a profit on its international park investment since it again breaking out the business in 2004. as for the movie business, disney could see a record box office this year. operating income jumped 27% thanks to a star wars induced boost in the preceding quarter. , there could be big boosts. "finding dory" is the top docs office movie this year while " captai

said they do -not- plan to sue disney... saying in a statement monday night, "we are focused on the well-being of our family, that is our priority." more news nowa drone that flew over lambeau field during the packers game last week has been confiscated.it's against the law to fly a drone over the stadium because of the potential for danger. police tracked the drone to a house across the street from the stadium--the drone operator has been a former u-w whitewater wrestling coach is calling out his former employer. tim fader filed a federal chancellor and athletic director. fader claims he was let go back in 2014 because he reported an alleged sexual assault by one of his recruits to campus police and not to his ?supervisor?... that goes against university policy. no comment from uw whitewater--- texas and four other states are once again suing the obama administration over efforts to strengthen discrimination protections for transgender people. the latest challenge insurance coverage for gender transition.it also clarifies t

ramy: and disney's bob iger has the list of top interviews. consider the city of the crew over 60% in the quarter. ramy: it is ahead on "bloomberg best." hello and welcome. i am ramy inocencio and this is "bloomberg best," your weekly review of the most supportive business news and interviews from bloomberg television around the world very let's start with a day by day look at the headlines. on monday, donald trump unveiled his economic plan in a speech to the detroit economic club. he promised to slash taxes and limit regulations. trump: it is time to remove the anchor dragging us down, and that is what it is doing, dragging us down. [applause] upon taking office, i will issue a temporary moratorium on new agency regulations. >> on top of policy financial regulations, trump would lower the individual tax rate to 30% and cut corporate taxes from 35% to 15%. give us a brief overview of the plan. to begin enough details? >> a few new things that added meat on the bones. we saw he changed his top proposed tax rate from a previous proposal of 25%

because disney is a name that hadn't moved. for years, every earnings just chugged a little bit higher until this time last year. last year, little bit of concern about court cutting affecting their revenues on the espn side and suddenly, the stock was able to move more than 15% in a short period of time. right now, the options market is basically saying oh, it's going to be another nonevent. only implying about a 3.4% move. that's an opportunity to say why don't you buy that and in this case, it's going to be the august 95.5 straddle. you can buy for about $3.55. less than 4% of the current stock price. if the stock moves 4% higher or lower, you're going to see profits. of course, if it pegs exactly at 95.5, you could lose $3.55 a share. the chances are low. >> you've got to understand what you're doing and how to trade this if the stock does move over the last four quarters, moved about 5% on average and it looks to be at an inflection point. i've been kind of skeptical but i'm doing a little market research now on cutting th

we've seen in in disney. starbucks.ot of the strength of the market has value coming up and even the old sort of names like microsoft are value. meaning the growth names, the starbuc starbucks, the nikes, so forth have stalled. these are ones that would start toll participate. >> the value names rnlt really values anymore. this thing is trading four turning cheaper than the average staple stock for example. so you take a look at that on a risk reward basis. there's a lot more potential upside here. >> do we have to believe there's a rotation in the market to belief there's a catchup trade. >> we've had a lot of rotation. that's been embl blematic. my point very simply is oswaldo arcia not going to buy the stuff on a run away breakout. if you look at a thing like nike. you can see some catalyst in the name. they're not going to report their q1 until late cement. maybe you get a move up. i'm not committing new capital to buying stocks at highs like i i just said. september expiration. it's not going catch the earnings eve

walt disney has made huge investments, opening their hanghai disney theme park in june, then buying astake. bob iger spoke with david westin about how he expects the bets to pay off. david: it strikes me that this is the first time you have made a major investment in bamtech distribution. is this not enough to have contact in this world but also distribution? bob: i think would be safe to assume this is our large investment in what you would call distribution. we look at it as an investment in technology. we have said for more than one decade that are strategic part is using technology to make the product by there and make the content butter and use it for production and quality reasons. also use technology to distribute it in more modern ways, more ubiquitously and more efficient ways, ways the consumer, possibly even enjoys more and gravitating toward, and that is what this is. it is safe to assume it is a distribution play. we view it more as a technology play. -- vital tale to the to the position of this company. as far as the quarter goes, you have to consider the studio that gre

shares of disney year to date down about 9%. the fact in the premarket today. >> in corporate news this morning, delta in the in the clear just yet. the airline is expecting to cancel 100 flights today and delay 200. it's still trying to recover from a huge travel outage. saw nearly 900 flights cancelled and thousands of passengers stranded. a power outage crippled the computer system. offering $200 vouchers to passenger who is flights were cancelled or delayed more than 3 hours. >> time for top trending stories. leslie jones is heading to rio. enthusiastically tweeting live olympics. she was tweeting her narration of the olympic games on multiple events on multiple screens throughout her house. got so much attention and retweets and favorites which did not go unnoticed. tweeting, okay, you're officially invited to rio. want to come? >> leslie later tweeted a video of her decked out in a rio hat which is captioned rio bound baby usa. >> such a good story. huge enthusiasm by her and being rewarded by nbc. >> absolutely. >> enjoy

the jungle book of disney's earnings overall.are trading in the free market. the bid asks in the $95 range. investors have been concerned about subscribers for espn. it is going to spend a billion dollars for video streaming company and that is the streaming media unit created by major league baseball. taking steps to get around the ad blocking software. giants started making it harder to distinguish a sponsored ad on death talks. they spent joining the industry against the ad locker. the industry says the software causes billions of dollars a year in lost revenue and the recent facebook is free for use because of the advertisers. nicole: i'm telling you, we still go. even though it's been struggling and a slew of pr issues. they have free alcoholic beverages. that's not why we go. that's what is happening now. happy hour promotions across the midwest. the lucky states include kansas, missouri and iowa. after multiple foodborne illnesses last year. the promotion runs the dns at canberra. tracey whaley just treated me and that teq

he is a prize winning reporter and author of "disney war" about iger's leadership at disney.rt off with where julia left off. what do you think of these latest developments? it's something the street has been trying to figure out for over a year. >> i think it's really fascinating. i think this move into, you know, direct streaming technology for the company is a recognition that there is a future where the cable set top box is no longer the nexus with the consumer. they're clearly moving in a consumer friendly direction which i think is inevitable. i think it's smart of them to get out ahead of this. but they are never going to have a cash cow like the cable situation. i've done a lot of work on this. i haven't written a whole lot on it yet. but there are people on wall street and elsewhere who have done sophisticated modeling on what disney can actually charge subscribers, sports fans for sports viewing privileges. and it's a decent number. but it's nothing like what they generate in revenue with the cable system as it is now. because the cable system is not consumer friend

. >> and finally, taking imagination to new heights with the disney dreamers academy in our slice of life. >> we believe there is an opportunity here with cure eighted and powerful voices in this environment that more seeds will take root and we're going to see the benefits of that. >> that's what's happening in our world up next. ? ? ? ? only those who dare drive the world forward. ?? ?? ? >> welcome back to "our world with black enterprise," he's an elite athlete who played in the super bowl and the world series and he's the only player to hit a major league home run and score an nfl touchdown in the same week. >> valuing faith, family, fashion and mentorship, deion sanders, sports analyst and single father raising ten kids feels that being a great dad is one of the things that matters most. >> i'm proud of you. >> come on. come on. i'm serious. >> inducked into the football hall of fame in 2011, we sat down for an inspiring one-on-one. >> let's go back to you, florida and particularly your mom which is your hall of fame speech which was one of the most moving speeches i've ever he

scarlet with disney numbers. disney will be out with earnings later today.nny will have all of the manus: stabilization in china. easing for the seventh straight month signaling improving conditions for the world's second-largest economy. asian trade is near a one-year high. barbecue and brexit. for consumer goods. the bank of england says more easing is likely to be required slows ink. economy line with survey signals.

disney buying one-third stake in bamtech.alked about this possibility back in july says disney owning this technology gives it the ideal mechanism to offset cord cutting at espn. adds this gives disney the means to connect directly with consumers better. bamtech by the way 7.5 million paid7.5 million paid subscribers, upping disney targ fret 110 to 95 so upside to where it is right now. >> increasing the price target from 72 to 63 and with large pharma or biotech to make an offer and second quarter report and analyst increasing sales for the prostate cancer drug peak estimated market penetration ramped up 15% with sales reaching $8.5 billion. analysts saying significant upside still remains. >> stock three, sniders lance. yeah. snack food company reiterating one of their top picks and while the quarter is below expectationes this they were encouraged by the fact branded volumes grew 3.1% and like strong margin execution and in concert with modest increase in guidance on evaluation basis and say that trading at a discount and

we called disney a tale of two companies.siness that is half of the company and a consumer driven business which is roughly half the company which includes the parks. and then also the studio which is the underlying engine of that is most the drives through both the film products and the consumer products and drives interest in the parks. company has entered into an entirely new phase in terms of the size of that business. that was the story for this past year which was headlined by a couple of on "frozen."was it's a strong part of the business going forward but the rate of growth will be difficult to maintain. david: where are the parks right now? >> they are still a great business but they are maturing and they are seeing some challenges in terms of the global travel trend. you saw 4% decline in domestic attendance which was hurt by some international visitation which has softened. the trend going forward is growing but at a modest rate. they will rely more on pricing. aftermath to the terror attacks in paris and orlando? t

disney has not news comes as disney discontinues another night-time parade -- paint the night in disneyland -- on september 5-th. a suspected car thief is getting some attention for his actions in court... 30-year-old calvin griffith decided to twerk in front of the judge during his bond hearing. as you see, the judge was not very amused. she set griffith's bond at more than 18-thousand dollars. police arrested griffith after he allegedly stole a volkswagen we all know cats have nine lives... but what about four ears! meet batman-- he has two sets of ears! two in front-- and two in back. the back ear flaps don't come with auditory canals-- so he's not hearing in stereo. the rare condition made him popular at the shelter... and he's already found his wakeup news. now at 5- police need your help this morning finding the person who hit and killed a 64-year-old woman. what we know so far about the suspect. also this morning - a flood watch is in effect. we could see several inches of rain today. chief meteorologist has everything you need to know rob joins us now with more on the weather. rob's

disney fans, too. we started preparing for this, and i was surprised at all the excitement about doing a disney-themed event at the museum. >> because it's not just the kids. >> oh, yeah, the adults there, at the star wars day, there were tons of adults who came out without kids to experience it. >> and captain jack will be there as well. >> oh, yes i will. >> what will you be saturday? >> i will actually be firing people up. there's a pearl there, the desert pearl, yes, not many know about it, recently named. however, it is sea worthy, i believe, so i'm going to be signing up the most bravest of souls. >> i've seen it before. it's absolutely gorgeous. >> that is our pirate ship and fantasy festival, and part of the 25th anniversary celebration this whole year, ship contest in -- we had a "name the pirate ship" contest, and someone came up with "the desert pearl", and captain jack came out to captain it. >> however, i need more crew. >> i'll swab the deck, sure! >> and he brings on junior. >> aww! >> j

the lay of the land at disney and who better to hear from then bob iger.-commerce war, acquisition of jet.com give it enough ammo to challenge amazon? diversification is paying off for alibaba, driving revenue up 59% in the latest quarter in the main e-commerce business is holding up in the face of a weaker chinese economy. viceoke with the executive chairman and i asked him about the ma strategy and if any mega acquisitions are in the cards. >> if you look at our core operations, $2.5 billion of operating income in our core commerce business and that is growing at 38% year on year. if you look at eps, it is growing at 33%. we did consolidate the twoations of you who -- other companies and we take the long view and despite consolidating these losses, we are generating 61% operating margin.-- operating that gives us the luxury and the resources to invest aggressively into new businesses like digital entertainment and our new innovation initiative such as internet cars and things like that. we are comfortable with our margins and we have a lot of resource an

before moving to disney world in orlando in 19-77.the news comes as disney discontinues ?another? night-time parade -- paint the night -- on september 5-th. c-v-s is encouraging customers to leave their wallets at home.. home..the drug store chain has a new mobile app you can use to buy anything in the store. you just have to add your credit or debit card to the app.right now, it's only available on the east coast.. but it shou go live across the country by the end of the a new candy store in oklahoma... is attracting quite the crowd. 'rustic rehab' is the state's one and only ?sugar-free? candy store. robert and his wife "joann-ie".... stock dozens of sugar-free candies. sugar-free chocolates... peeps... and even cotton candy is on the way.so far-- it's in high demand. 11:20 "robert kuningas, sugar free: "the first week we sold out of six candies.we actually had to put in an emergency order to replenish." replenish." robert says... this idea was born out of ?medical necessity.?he's diabetic and takes five shots a day.his daughter also has the disease.. and his father ?died? of it

senate majority pac is responsible they're sending seven-year-old tyrone lowe to disney world. tyrone was orphaned by domestic violence. last december, tyrone's father killed his mother before taking his own life. witness the murder-suicide. the n-y-p-d banded together to raise the money over the past eight months. (( (david lepore/ nypd community affairs) "he never had an opportunity to go to disney world with his mother. he'll never have an opportunity to go to disney world with his father so we did what we can to be that secondary family for him." (tyrone low, going to disney world) "i wanna see all the characters...i wanna see donald duck...i wanna see mickey...i wanna see...minnie.")) ((brian loftus)) college fund for tyrone. and say they'll continue to raise money and support for the young boy./// sherry how's the weather today? ((sherry swensk)) weather today? ((sherry swensk)) valley. ............ we had some showers and thunderstorms yesterday afternoon and that also has some extra humidity around so it's a bit muggy. ............. it looks like that energy will stick