we start with the walt disney company.res of the entertainment giant have been rising in after—hours trade after it reported earnings that were much better than expected. the movie and tv industry is being transformed by the rise of streaming services like netflix but disney is positioning itself to dominate that future. let's show you some of the details disney made. overall revenues of $14.31 billion in the three months to the end of september — that's up 12% on the same time last year and well above wall street forecasts. disney's film studios had a particularly good quarter with earnings up 50%. over the summer, disney agree to pay $71 billion for the entertainment business of 21st century fox after an epic takeover battle with cable tv giant comcast. it's all to do with streaming. these days, more of us get our entertainment via services like netflix and amazon prime and disney is planning its own, disney plus, next year. it will now have a vast amount of content to offer and it says it's removing all its movies from

the disney plus service will probably do well also, just knowing my own history with disney with my twos, we sort of spend all the money on the disney stuff i feel we will continue to do that but i think one problem is the competitors, especially netflix, are kind of entrenched you'll get additional sign-ups for disney, but it will still be like a thing where you subscribe to many services i think, and if you kind of want one service, netflix is kind of offering this all you can eat system that has content for a wider variety of people, especially around the world. i don't think this does much to hurt netflix i don't think that's disney's point, but i think we see a world where many of these can survive and thrive probably. >> walter, to that point do you think disney could take subscribers away from netflix or given the fact there's strong branding power for both companies, what it does is make it harder for future offerings that maybe haven't hit the market to be able to bring on subscribers? >> i think it will make it harder with things like at&t and hbo franchise to now come into th

disney.e world premiere of a one of a kind pull out all the stops motion picture. >> they tell me this could be one of your biggestalt disn's p" >> julie andrews. dick van dyke. >> this is the greatest family classic of all time. >> for the first time, the curtain was raised on the music. ♪ supercalifragilistic- expialidocious ♪ >> the magic. the legendary movie. with a new iconic character that touched the world. >> mary poppins, practically perfect in every way. >> mary poppins. long considered to be walt disney's crowning motion picture masterpiece. >> oh, how nice. >> it's just across the board wonderful. >> he brought together everything that he knew how to do and how to do well. art, music, story, technological innovation. >> this is the plan for a super cartoon camera. >> it's now the stuffle of legend. walt's daughter diane loved the books. and he made mary poppins his passion project. wanting to get the film rights from the notoriously particular author. >> she shied away from film o

looks like something out of disney world.t coast, they need it. hopefully not too much in the burn areas but not much in the way of snow hopefully in the >>> this storm is not done yet so be careful driving around today. we'll be done with it later this afternoon. >> thank you, rob. want everybody to stay safe. we'll be right back with more surprises live from disney world. come on back. [ applause ] >>> mickey's worldwide birthday bash is sponsored by google home mini. help at a glance. (music throughout) >>> welcome back, everyone. yes. you've got mickey's hands even. i thought it was just the ears but even the hands and everything. my good friend and colleague bob chapek chairman of our parent company, disney's park experiences and consumer products is down this orlando to talk about the share your ears campaign. when you publicly post a picture of someone wearing mickey ears with hashtag share your ears disney will donate $5 to make-a-wish and it is all adding up as we reach our goal. hey, bob. y s quite a perrm a>> m on.

disney up 7% comcast 2.6.wn five% and fang stocks all down more than 6%. obviously reverses a trend in the prior couple days. what's going on? the high flying stocks, the high multiple stocks are hit hardest. social media but also there is a return to more stable, higher quality business models that probably includes traditional media the other thing happening around the same time of the market peak is s&p reshuffled the sector mix. and they bumbled traditional media alongside social media in a new communications services sector along with telecom. a lot of people did think that could have caused a bump in traditional media stocks because facebook and google are suj huge in the new sector and it would by diversefy indication purposes behoove a investor to dabl in the smaller members. >> interesting to see that disney didn't have a pullback during october something to note. just coming back to in sort of difference in the performance of the two whether on this time frame or the start of the year where it's the

our top story — disney's dream come true. billion. let's have a look out the markets are faring. european markets still tracking the asian markets but a little lower and you can see what is going on with the pound and the dollar and it has been flirting with that level for quite some time now and a little bit of strength over the last couple of weeks with some reports that we were nearing a deal and then it didn't seem to be true so we saw the pound falling again but it's now at 130, pretty stable. it will be interesting to see what happens when we get the growth results. now it's time to take a look at this week's big business and economics news. and it was the week where we saw midterm elections in the us, and the global oil dipping into what's called a ‘bear market‘ and some updates on the health of the eurozone. 0ur economics correspondent andrew walker is with us now. what shall we start with? the us midterms? the big political development of the week. president trump now has a democrat led house of representatives so wh

connell: we'll come back to disney. as i said the headlines later might be more interesting than ones we have now. so far, so good. appreciate the panel. melissa: i'm interested in the 9% increase number on parks and resorts because that always tells us so much about the economy. where people are going, what they're doing. like to see how that breaks out in terms of locations. connell: it is almost, you're right a very good economic indicator. almost like a mini economic report from disney. all right. melissa: change in leadership at the doj. speculation flying surrounding the pick for a new attorney general following jeff sessions' exit. what we know and what it all means for the russia probe going forward. we have a live report from the white house with what the president is saying. connell: plus we're on the ground out in thousand oaks, california, following this shooting at the bar. gunmen unleashed fire, killing 12 innocent people. we're waiting for a news conference. could happen any moment from law enforcement. w

film thatis have access to that new disney film that is only streamed on disney plus?l there and come back because we have the papers to go through soon. thank you. stay with us on bbc news. still to come: sergio garcia takes a 4—stroke lead into the second round of the nedbank golf challenge in south africa. all that and the rest of the action in our sport briefing. the bombastic establishment outsider donald trump has defied the pollsters to take the keys to the oval office. i feel great about the election results. i voted for him because i genuinely believe that he cares about the country. it's keeping the candidate's name always in the public eye that counts. success or failure depends not only on public display, but on the local campaign headquarters, and the heavy, routine work of their women volunteers. berliners from both east and west linked hands and danced round their liberated territory. and, with nobody to stop them, it wasn't long before the first attempts were made to destroy the structure itself. yasser arafat, who dominated the palestinian cause for so

. >> more to come, including the disney earnings call we have the highlights of that throughout on cnbc how did the show before us end who through to us tyler mathen >> is who picking up next. >> tyler math sfloon because "closing bell" is done "fast money" starts now. >>> and thank you guys "fast money" starts now live from the nasdaq market site overlooking times square i'm tyler mathisen in for melissa lee. i'm not in kansas. pete narj. brian kelly, dan nathan appear guy dmaum dma yup process we are all over the big movers. drop box active vision all reporting earnings moments ago the conference calls under way and we bring ut the latest details on that. and tom rogers is here to give us his reaction to disney earnings and what it means for the media space and the future of tv and entertainment, how we consume it first the big story of thedy the federal reserve keeping rates where they have been and saying it's on track to continue raising them steve liesman is still down in washington i told you to get on the train, steve. >> you didn't tell the producer of the show, tyler. >> no, i

disney couldn't buy the tv network. fox sports, the national sports networks and so we realized that having a lot of business based on live news and live sports obviously with a lot of entertainment as well you know an excellent position, stand-alone business. >> did you have any idea when you first sold, when the deal was first consummated, if you will with disney that there would be a bidding war for these assets from comcast late centre one of the most remarkable things that took place to the benefit of your shareholders and family was the emergence of comcast in all of this >> comcast was there in the beginning. they came to us shortly after disney we had been confident to get our heads around the regulatory risk that comcast brought with it to acquire all of our assets. certainly a higher risk. our advice was than the disney, regulatory disney risk so comcast was certainly there and certainly showing they were very interested. of course later when he they came and bid aggressively. >> did you think that would happe

disney reporting a record profit last quarter disney also announcing its streaming service is set toaunch late this year. disney's ceo, bob iger, spoke about the company's banner year. here's part of what he said. >> the studio had another record year with just incredible success across the board obviously a strong film slate. that helped drive numbers for the quarter and for the year >> let's bring in matthew gerrahan from "the financial times. pleasure to see you again on "worldwide exchange. what stuck out to you about disney's quarter and their outlook? >> the quarter, as you said and as bob iger said, the movie studio is firing on all cylinders. it's unprecedented success the movie industry is a hard business to get right. through the brands they have, through marvel, pixar, lucas film, the big budget movies of disney, they all seem to be hits they de-risked the movie industry they deserve a lot of plaudits for that the next question facing them is what they do with streaming. you touched on that, too they're working on disney plus, which is the name they've given to their globa

they will offer everything disney.magine more "star wars" and monsters based runout as well and loki, will get his own series. loki from marvel's "the avengers." they would buy hulu out right, all of it, if comcast and the rest want to sell it to them. >> go ahead, i'm sorry. >> susan, when i look through these numbers, i think the main thing disney has gotten the focus away from cord-cutting and away from espn and people giving up on espn. >> yeah. >> we're really getting investors looking forward to what disney plus can be. with netflix trading over 100 times earnings, disney trading at less than 20 times earnings, if it gets halfway to netflix's multiple, looking at 300-dollar stock here. >> yeah. >> i think what is fascinating about this, they are saying they want to keep hulu and the other services? david: why is that significant? >> there was a lot of talk getting rid of hulu and comcast buying, comcast is 30% partner. disney owns 60. at&t, because they own our piece, at&t owns 10. comcast has almost zero over th

there she is in frontntntntntntt disney florida. ♪ ♪ the wish that you >> disney flew them out to dohe big screen. ♪ ♪ no big deal ♪ ♪ i want more >> wait for her christmas album to come out. ♪ ♪ for once it might be grand to have someone understand ♪ >> disney made her all the princesses for this video. it is quite cute. i love it. ♪ ♪ no one knows how far it goes ♪ >> you can't do anything without moana, especially now. >> this is actually a dream come true for disney because claire is enormously popular on you tube. they are lucky to have her. she has a beautiful voice. >> they have the same fan base. every family watching is now going to get the question, when are we going. this is a great promotion for the park. ♪ >> nick, do you worry about your cat's screen time? >> no. >> you might have to. >> this is meu and me, the collection designed for cats meant to be left on when you are gone. >> i kid you not. these are a selection of games designed for an ipad you leave out and it keeps running. the cats get interested. they'll come along and play or be inspired but that's not all. >

julia boorstin has more on disney's strategy. >> the ceo b iger announcing that disney plus is the name of the streaming app lawmaker being next year featuring the marilyn bronzed plus fox's national geographic. >> t product will appear on our service and not third party services. >> as for disney's first direct sumer app espn plus iger says it's doing extremely well. >>enderstands that the fundamental thing about pennsylvania digital economy is that you can go direct to consumer. he is not burdened by having a cable network -- i mean cable, you know, operator. but he has espn. and he is shifting that away so that it canec got to consumer. >> iger says the company is also planning to invest in hulu and hoping to grow it internationally. iger telling me that after disney's squiks of fox closes he woul i be intereste buying the remaining 40% of hulu from him nbc universal and at&t warner media. >> our plan is to -- to invest in all three services, the espn service, disney service and hulu service so we achieve our foles in terms of not just going into the direct to consumers space but tra

they have 130 million -- >> can disney catch them or does -- does disney have to catch them to succeed think they have to necessarily get to that level. that would be unprecedented for them to grow at that rate. but what they do need to do is establish a presence and establish it quickly and early because they're not the only ones coming into this space. you have comcast is very interested in going direct to consumer, warner media is coming out with their own service at the end of 2019. so it's going to get competitive here. >> in the children's space, is there a dollar amount tied to that market? what's the dollar amount for the children's content melissa cobb is the ahead of netflix's children and family division, who's better equipped to go after that. >> you have to give disney a heads up in terms of brand recogniti recognition, even netflix would admit that disney is the name in the space. but 60% of their subscribers like kids and family entertainment. if you look at some of the biggest films in any year many are billion dollar grossing movies from companies like pixar. >> you ha

. >> we have so many corporate results to process we should really start with disney >> yeah >> disney was very strong on the quarter itself and for the year. $12.6 billion in profits a tremendous year for the company. the focus of course as you well know and on the call, they shared some new information and there is certainly a lot of questions about their directive consumer strategies. it is the future for this company. we know that next year this time they're going to be unveiling their entertainment platform barron macy contain more than we have thought "iron man. >> asked about hulu which they'll own 60% of and how will they invest in that? the question now -- >> the age of hulu 20 years younger than the people watching disney. david, they have to spend a huge amount of money. >> we still don't know the numbers. >> they are not sharing that would they cut us a number in 2019 >> i don't know. >> i think he's ensuring and this is his legacy >> this is the future. >> you will have to spend a lot. that's where investors are going to be focused or having an investor meeting in april wh

that's a very volatile business. >> on disney, here's my question for you. >> i own disney.e owned it for a while. i want long period of time every month. so here's my quick question for you, though, in terms of disney, i know they're very late to the party. to compete >> that was a mistake by eiger can they catch up and compete with netflix what timeframe is that part of what you're factoring in there >> no, direct to consumer, you've got to basically take your product, even netflix is going to start showing in the theaters they'll probably buy angelica. you've got to show it at the theater and then you have some global exposition, but the growth of box office in the united states is only $11 billion, it's been flat even though you mentioned all of those things but it's $20-odd billion around the world. china only allows x number of movies to come in i think 34 imagine what happens when that market opens you then there's a lot to happen in content. there's no question that iger was late to the party. everybody was late to the party with regards to the structure. >> i feel l

by raising prices at theme parks, disney reported revenue rose $14.3 billion, shares of disney shot up 2% in after hours trading, meanwhile disney also announced its new streaming service called disney plus is launching in late 2019, the streaming service would consist of disney studio content in addition to pixar marvel the star wars franchise and also national geographic, still unclear what disney will charge for the service. lauren: watch netflix stock today on that announcement. more details at least. tesla could be getting more competition from overseas? tracee: volkswagen plans to sell electric cars for less than $23,000 in an effort to keep up with tesla. vw plans to make 200,000 of entry-electric vehicles. cheryl: everybody going electric, another retailer has got black friday, early deals that we are still talking about? tracee: two weeks away from black friday, best buy just released its 52-page black friday ad but some sales start as early this sunday night, hundreds of deals including ipad pros, 4k tv's, other home, electronics, near 1,000 best buy stores in 47 states op

has just been found but he's disney lost the rights to oswald which infuriated him and so he and his faithful animator who was called works came up with a mouse who was an immediate hit he went on to star in over one hundred thirty films many of which we grew up with of course and he was actually the first non-human character to win an oscar and you know how we talk about brand awareness nowadays well according to experts he's got about ninety seven percent brand awareness which is even more than santa claus so ubiquitous even more famous this. is pretty good compared to say. mickey mouse is ninety years old he's looking pretty good for his age yet although you couldn't say that he hasn't changed today because mickey mouse has actually undergone some big changes over the decades for example the very first ever version he was even called mickey he was called mortimer and it was only to please walt disney's wife that he was renamed mickey originally he was a very mischievous and even opportunistic character he got up to all of his antics of course in black and white until nine hundred

disney plus will consist of disney studio content as well as marvel, "star wars", pixar franchises but no word yet on what disney will charge for the service. maria, back to you. maria: thank you so much but washington dc was only the focus is weak. investors pricing for possible change on capitol hill with midterm elections changes. assumed blue wave it certainly was not but it was more of a ripple. democrats in control of the house and rub against strengthened their hold in the senate with both results expected. what will the undivided congress made and for your money? president trump for recognition director and founder of average capital, anthony scaramucci joined me now. anthony, great to see a. >> great to be here, maria. you do an amazing job on the show. way better than me, i might add. a little disappointing for me but i do love you. maria: and i love you. >> love the set and the holding. maria: the book, blue-collar president, can graduations on the book. let me get your take on what has happened this past week. we know it was the fact that the dems at the house they do take

disney reporting a record profit last quarter disney also announcing its streaming service is set toaunch late this year. disney's ceo, bob iger, spoke about the company's banner year. >> the studio had another record year with just incredible success across the board obviously a strong film slate. that helped drive numbers for the quarter and for the year >> he seems like he is okay. >> investors want him to stay. >> this is a different world has nothing to do with me. i'm talking about iger is he not -- he's 67, that is pretty young. >> it is young in this day an age people live to the mid 80s >> i would hope so the 90s and beyond >> sure. >> and beyond. shatner is 88. he's my idol he's on, like, the amazing race over in europe we'll talk more about the earnings and the youthful management at disney thanks for playing along with me >> humoring you? humoring you about your age? >> it's not about me >> procter & gamble looking to simplify they will reorganize into six smaller business units each will be broken out by a product category like beauty david taylor sat down with sara eise

. ♪ my husband and i got married at disney world.lot of mickey mouse ears. one for every occasion. spife ears, i love pretzels, they are my favorite. i think it's important to incorporate disney themes because students have the opportunity to dream, it's important to groom our students to become innovative thinkers. >> it teaches us to be positive and inspires us to do better. >> it makes it fun and like it makes me want to come back every day and learn more. >> my friends tell me i'm so lucky because they said, oh, i wish i had her as a teacher because i want somebody that's actually fun. you know? >> talk about fun, this is about to be so much fun. are you ready? let's do this. hello. is there a patrice jenkins there? oh, there you are. hi. >> hi, patrice. i'm ginger, i'm going to give you a hug and i'm from "good morning america." >> nice to meet you. >> i i know you think you are a finalist to do this crazy trip around the world and you are. but we have some other big surprises and your kids are actually in on part o >> oh. >> ki

at disney land and disney world. part of the massive worldwide expansion by disney.f mouse will spend billions upgrading and growing all six theme parks around the worltd and three mu cruise ships for the fleet. the reason is simple. the happiest place on earth is a money making machine. profits are soaring. but slowing on social media like tv and cinema. >> film, entertainment is with us. from los angeles. >> good to see you. if you're the kind of person who is tired of waiting three hours to get into splash mountain. don't worry. under this scheme you'll wait two hours to get into the iron man roller coasters. >> improvement. >> it is. and now these disney parks are pretty much full to capacity. what's the solution. expand the park. more attractions, more rides and more room. the biggest operating profit that the biggest return ot investment the disney empire has is from the theme park division. in the fiscal year 2018 it had an operating profit of $4.5 billion. that's 100% up from the number of five years ago. we're talking more ticket sales and food purchases. mo

. >> is there anything about the connection of walt disney [inaudible] >> walt disney played a big paart. he knew that germany was way ahead of the game early on in terms of commerce and plus they were way ahead of propaganda in the globalist propaganda machine working full-time in latin america. even in these archives finding newspaper articles by adolf hitler. nevertheless, they were way ahead. so they talked to roosevelt in d got an organization that targeted the least that a certain poinbut at acertain poie to have goodwill ambassadors to be in touch with the latin americans and to have the latin americans in touch with us. he had a whole long list of names he would recognize, composers, actors, speakers. the most successful when of all was walt disney. everyone knew mickey mouse. they made films. the stereotypes were not gone. now they were harmless stereotypes. it wasn't the kind of rough, dark idea of latin americans that many felt in the 20s and 30s and even changed walt disney's look at the eye of walt disney changed. if you look at the films before, there were 15 of them tha

why are you so down on disney? know, the problem with disney, it's not they are not going to right direction it's not they are not building a business that will be already 30 to 50 years. the problem is it will get more expensive to operate if i look at a ten year growth rate over any period of time from early 2000s through the present i get double digit inflations so you have higher costs not that it's not the right thing to do but it's not a better business where you had a cable channel delivered over, you know, traditional cable infrastructure it just sant better business. >> people are cutting the cord it doesn't work anymore. >> i agree they are doing the right thing they are pushing it more aggressively than competitors. it is a good thing the problem is the math doesn't look so good i think disney is a great business >> how hard is it for you to gauge disney's future performance given the fact they refrain from guidance? >> we are all guessing the good news is you have to start with a basic premise of how yo

he goes, "well we can't start a a disney movie with you murdering santa." [ laughter ] >> jimmy: well, why not? >> that's what i said. i go, "i am a comedi why not? that's funny." and he goes, "and you killed all the parents in all your other movies anyway, you know?" [ laughter and applause ] don't they kill a lo people? you know, they do that.im

good run-up for disney.looking for what about streaming, the over the top businesses, how will you integrate hulu, espn, espn plus, are they reporting higher subscription numbers because people are leaving cable. charles: for years it was about cable and espn. every quarter it was a help but now it's a drag. people are really cutting the cord at a much faster rate now. >> yeah. cord cutting is a big deal. i think the big thing is they got all these assets now, like robert, tell us what you're going to do with them. i think that will be the big question for everybody once earnings come out. charles: i do want to correct, the deal for 21st century assets will close next year. >> correct. you said that. charles: netflix i think is the elephant in the room. >> always has been. charles: can they compete with netflix? we know disney will pull their own properties off netflix. but netflix investing billions and billions of dollars and has a massive head start around the world. >> lots of debt as well. now netflix h

, talk about walt disney. and it doesn't seem to be the most pleasant box. praise, demanding, perfectionist. but people would drop everything to go work for walt disney. why is that? >> he is a talented animator but in 1934, after some success, they created mickey mouse. and they done some technological things. in an evening in 1934 he gave every employee in the employ 50 cent and said to get dinner and then come back to work. to an auditorium. in the auditorium that night for the next three hours, he acted out every part in a story that he wanted to create a full-length animated feature of. it turned out to be snow whwhit. he played the dwarfs, he played snow white, he played the huntsman. all on the stage, magnetic in front of people. when he was asking them seems kind of normal now. it was actually not normal. it had never been a full-length animated feature before. cartoons had preceded movies and did funny little things. he created the first sound. he is trying to make a movie in which people are not just

and when i went to disney, when i took my son to disney, i actually saw.nter, a great spot for the kiosk... lemonis: mm-hmm. amber: ...lot of foot traffic. lemonis: a lot of cash. amber: mm-hmm. lemonis: cash, to me, is the most important thing in business, and protecting it is the most important thing. i want to make sure that when we take cash in, we put it away properly. let's get to work. that popcorn business bought her a nice mercedes, didn't it? sharla and i are in newport beach looking for locations for our first store. i've chosen a location, and so has she. this ought to be interesting. when i had the realtor find me places... sharla: yeah? lemonis: ...i knew i was looking for medium income. sharla: right. lemonis: i knew i was looking for traffic. sharla: yes. lemonis: and i knew that i wanted to make sure there was a coffee place, a gas station... sharla: yeah. lemonis: ...and a ice-cream place. sharla: interesting. lemonis: the ice-cream store will get traffic at night, coffees morning and night. sharla: yes. lemonis: and the gas is repetitive

disney with the food. shows on the front of us out of the show tonight. ok seems like i'm going back to the bios to look at them out on the ponies to flow into the show such as the flu and so on the ones that. you were doing your. welcome back turning toward more awnings reports the walt disney corporation has released a real head turner for the third quarter disney beat q three expectations on earnings per share and revenue at one dollar forty eight cents per share and fourteen point three one billion dollars respectively there must have been some disney magic because that revenue figure top predictions by nearly six hundred million dollars disney shares rose by two percent on the news the report biggest surprises a fifty percent revenue increase in their movie studio unit buoyed by a string of movie hits including the sequel to the incredibles and black panther disney media networks unit also beat revenue expectations while revenue from the theme park. resorts unit was just below the mark. amos investor warren buffett's berkshire hathaway has made anoth

disney couldn't buy the tv network.rts, the national sports networks and so we realized that having a lot of business based on live news and live sports obviously with a lot of entertainment as well you know an excellent position, stand-alone business. >> did you have any idea when you first sold, when the deal was first consummated, if you will with disney that there would be a bidding war for these assets from comcast late centre one of the most remarkable things that took place to the benefit of your shareholders and family

nine disney parks, just seven days and this moment on top of the matterhorn.er and our superfan patrice are on the move. wait until you see where they are this morning and the secrets of the disney parks that you have never seen before on "gma." >>> and jamie foxx, michael b. jordan both here live in times square. and look who's saying -- >> what? good morning, america. [ cheers and applause ] >>> that was my audition for "creed 3." good morning, america. great to have you with us this morning. >> you know who is not here? >> who? >> ginger. because she is somewhere out in the world celebrating mickey's worldwide birthday bash with our superfan patrice right there. >> they look like they are having a really good time. they are in a race against time to hit six cities in nine different parks in just seven days covering more than 23,000 miles in just one week. i'm tired thinking about it already. >> there is a clue in that picture right there. >>> we have some serious news to get to, though. deadly fires in california right now. the death toll is climbing. at le

if disney gets in the middle of the food fight, they have to live up in their brand in terms of whathey deliver they got to figure out how to make it some what unique their content has been out there forever. people are used to getting it and not paying for or not understanding that they're paying for it. >> right, right. >> to make a transition and the question is how much paying are they going to suffer pulling back rights from existing distribution so that they create this appetite or starvation for their brand and their content so when they offer it as a premium, direct consumer service, people are willing to say i should pay for it now >> and guys that goes back to the question that we have been asking when it comes to disney, what's it all going to cost and john was sort of applying a bit on that on the evolving world in terms of that food fight he's talking about where so much money is being spent for those who create the con at the present titentcontent. we are talking about the possibility of 2019. that'll be something, david. >> bezos did get the tabloid line today here is

disney world and disney lands that's a lot of profit to make. some theme parks contradicts 5 billion dollars in the quarter to magic kingdom afterall. j that's 109 dollars per adult to one day -- above the ten. so family of four -- that's like 400 bucks i don't know how much they charge for kids but that's a lot of money. >> a low price because price goes up depending on season doesn't it? >> it depends on season but if you want a limited pass to visit certain kingdoms then 55 dollars a little bit more than that. but can i just go through disney quickly because -- the lots of interesting numbers streaming, about disney plus is coming latter half of 2019 they want to buy all of hulu up for sale. >> astonishing to pay 109 dollars, obviously, economy is booming what's wrong with that? >> consumers. staying on markets who is with us now joel with entrepreneur shares. all right joel welcome back. market stage with a rally come back after midterm do you think it continues? >> i think it continues. i mean we're up 8% from the lows i mean as you know, o

this guy not going to be seen in disney anytime.ook? i would not have known that i feel megan markel can do no wrong when it comes to fashion but others don't agree. >> these are megan markel's ankles. the downside of marrying a royal is your every fashion decision will get picked apart for the rest of your life and that is why folks on social media are getting into a heated debate over megan markel's stockings. some people like sue say it looks like she had a stain on them. others say they are too opaque. beyond the says why do they keep making megan where those types. a lot of people think it is royal rule women have to wear tights in public. after a little internet digging i found out there is no royal decree saying that. she does not have to wear tights. if you marry into the royal family you don't have to wear tights. jillian: if you want. rob: you pulled me in in the last second. thank you so much. jillian: 6 minutes until the top of the hour. a father hopping mad after he ordered a frog themed cake and got this instead. here'

disney's strong results driven by studio and the park which ises. and now the company has its you eye on a digital future. >>> location, location, location. but in this changing housing market, is buying a home still considered a good investment? those stories anduch more tonight on nightly business report for this thursday, november the 8 w. >>> and do bid you good evening, everybody. and welcome. sue is off in case you hadn't noticed, the price of oil has been falling lately falling a lot. domestic crude is now down more than 20% f im early october peak, putting it squarely in bear market territory. investors apparently growing concerned about rising inventories and weakening demand which c lead to a supply surplus worldwide. priced settled above $60 a barrel following a ninth straight decline. a long way from $76 a barrel. a price achieved a month ago when domtic crude hit a four-year high. may havy the industry been thrown another curve ball. reports saying ahi tank inside saudi arabia, the world's largest oil expoer, is studying the possibility

i want to talk about disney.onsolidation with fox and what he would do going forward. we are still going through the regulatory process. a lot of progress has been made there. we announced a couple of days ago that we gained approval in the eu. there are still some markets or countries that are waiting for approval, and we are in the middle of that process. in june, we said it could take as long as 12 months to close. are now increasingly optimistic that it will occur meaningfully before that, though we are saying specifically when. i find this, all about streaming. where do i go to get my star wars fix? the issuet creates for disney, where do you push that content out and protect what you have already while still building up these streaming projects. i think it really creates a concern for them. it also means they will have to spend more money. there's extra cost to develop this type of product. alix: i also talk about e-cigarettes. the fda says that the sales for e-cigarettes should be limited to adult only sto

it is that disney magic, walt disney sprinkled that magic across our parks and it keeps us young at heartalways that cartoon, even as it has evolved at mickey mouse has evolved over the years, he is that classic character that brings happy memories. for a company built on the image and fortunes of a mouse, a cartoon character is an invaluable asset. mickey is a mouse of many talents. he is the company mascot and here at disneyland he has taken pa rt and here at disneyland he has taken part in countless parades and ceremonies over the past 60 years or more. but one of his mainjob is it supposed to photographs, isn't it? good job. you are not looking your rage. you looking pretty good. the timeless of a lot of mickey mouse. —— allure. now let me show you some pictures coming in from portugal — hosts of the world surf league's big wave tour at the country's famous surf venue, nazare. this year's title was taken out by south african surfer grant ‘twiggy‘ baker. he played it safe during the opening rounds, and peaked atjust the right time to catch this massive 40—foot wave, riding it to victor

anna: netflix and disney approaching this from oxidants. coming with technology and bringing the content. how -- what is disney going to do with its acquisition of the bulk of those fox assets? what is the strategy to integrate those? >> that plays nicely into that streaming service, disney wants to make sure it has all the best entertainment video on that service. avatar, thet x-men, simpsons, planet of the apes. that's a key part of making it an attractive operation. dealhope they complete the by june of next year. they got eu approval this week. a big boost to them. conditional on them selling some of the factual channels. progress is going well with the acquisition. it's a case of getting those final regulatory approvals. anna: thank you very much. our media and telecoms reporter. coming up, speaking to allianz. the owner of pimco shrugging off bob markets within an $11 billion inflow. we will talk more about that. this is bloomberg. ♪ anna: good morning from the city of london. i am anna edwards. this is bloomberg daybreak: europe. the

i'm very comfortable. >> comfy boots and a ball gown, the newest disney princess is the kind of ruleve. in fact, "ralph breaks the internet" brought all the past disney princesses together to hang out with sarah silverman's vanellopi character. >> it's like honestly one of the greatest joys of my life having played rapunzel. >> the idea that like all of us princesses would be together in one scene was something that blew my mind. >> yeah. we took the idea of the princesses and who you think they are and allowed them to sort of like reveal their true selves. >> this animated sequel has ralph and vanellopi traveling to the internet to save her game from ruin. it's where they immediate taraji p. henson who joins the cast. >> i can't believe that i'm part of the disney animated feature film family, but i am here. this next step is to get me a song that i can be a princess. >> we're all for that, but we know john c. reilly isn't looking to be a prince. he's just happy being a dad. >> i've got a great dad joke. what is a pirate's favorite letter? take a guess. i do love rrrrr, but the c is

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