we're bringing disney out. and the disney includes disney and pixar and marvel and star wars.l geographic. >> reporter: and yet, when people look at their monthly bills, how many streaming services is a person going to pay for? >> well, i think there's room for people to buy multiple services. and i think they will. we're entering a very, very robust marketplace. >> reporter: it's a media marketplace iger has mastered over decades, but first, he had to ditch this dream. >> good evening, i'm bob iger. >> you started as a weatherman. >> yes. >> reporter: i managed to dig up this fabulous photo of you from cable channel 2. >> in ithaca, new york, yes. >> reporter: evening news in ithaca, new york. >> that's a sorry picture. >> reporter: why did you cut your on-air career short? >> i wasn't that good at it, which is something i discovered relatively early on. and i just didn't think i'd end up in a role that would be fulfilling enough. i wasn't good enough. >> reporter: it wasn't long before the kid from middle class long island, whose father suffered from mental illness, found hi

definitely disney.ou have to watch the 128 level but a lot of people want the stock here and you should. >> brian kelly >> in a world with the looming trade where tit-for-tat, might want to have tlt on the portfolio. >> grasso. >> the market under pressure today and the stack that did not blifrmg blink was lennar np i stay long you should to a. len. >> guy. >> you know something melissa i know you think i forgot the final trade i did not you know what was up 2%. >> i'm looking at you while i'm talking i can't pearl vision gdx i know up 2.1. gold going high they're does it for us have a great weekend. "options action" is up next. liberty mutual customizes your car insurance, so you only pay for what you need. i wish i could shake your hand. granted. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ ♪ ♪ ♪ ♪ ♪ >>> happy "options action" friday, everybody. i'm melissa lee live from the nasdaq market site in times square we have a big show coming up. >> announcer: is there a doctor in the h

does well and there are things disney doesn't do well but there are things disney shouldn't even tryo do well >> that's one of them. >> that was one of them is there there is a moment where you're talking about fdr and jfk's inaugural speeches and reading the rfk indianapolis speech and doing things because you're thinking about running for president but you didn't >> right i kicked it around i did a lot of reading i like speeches by the way, would have done that had i not been kicking it around a bunch of people came forward and say, why not i happen to believe that america was ready for an outsider someone that didn't come from the system donald trump is certainly a product of that and i'm a patriot at heart i love this country. look, i'm in many respects, you know, the american dream lower middle class kid that ended up as the ceo of disney by working hard so i kicked it around but then rupert and i started talking and ended up rupert murdoch ended up buying the assets of 21st century fox and decided to stay longer at disney. >> a lot of metaphors. one from my boss, brian roberts.

, selling disney movies on demand. now apple directly going into disney's business into that streaming business so now they are rivals as well so a bit of a frenemy situation here would make sense why bob iger would not be able to continue to serve on the board of this company which has now become a rival of his in addition to being a business partner. guys, back over to you >> jewelia, thank you. julia boorstin, thank you. >>> let's switch to fedex gearing up to report its latest quarterlies next week.

they proved it quite wrong except when disney pops in with a disney plus that is an offering that isery, very competitive. i think the most important thing is multiple. i don't think netflix is failing per se, although i don't think they've proven they can be cash flow positive. i think disney has come in here and rerated and people are starting to question what i'm paying for. >> that's the main point earlier this year when they said they would have 3.5 billion dollars in negative free cash flow, half a billion more than previously forecasted, that was the issue when facing down a huge competitive threat when a lot of content is coming off what julia said, they can go to places where it is under saturated with the original content, but they need to create that cash flow it doesn't work when disney has that flexibility >> quietly, the other player sort of in the space, roku is up 70% in a month that's a staggering move, on the back of what was a pretty good move in first place, off a pretty decent quarter a month ago. i think a lot of analysts i raising their pry target, i think roku

disney buys fox.isney plus or for hulu foryears because they're headed to hbo. >> no one's buying disney. that would be -- >> $250 billion. >> that would be the biggest acquisition in almost -- >> i think apple's biggest acquisition is 3 billion which is beats, right? we're talking about a whole different size and scale. >> you'd have to play guys as mu -- to pay twice as much. >> our parent company tried to -- >> our company was a lot smaller, too >> i think at the end of the day you can enter this space by spending lots of money and really building a platform to watch content. >> are you a believer that apple is going to succeed? >> i am, actually. i think the market is so skeptical of apple the reality is, think about it you won't be paying for this probably all four of us are buying apple devices every year, whether for you or for someone in your family that means you're getting this for free. >> just because they succeed and i think apple will too, it doesn't mean others won't. >> right. >> i loo

, selling disney movies on demand.ectly going into disney's business into that streaming business so now they are rivals as well so a bit of a frenemy situation here would make sense why bob iger would not be able to continue to serve on the board of this company which has now become a rival of his in addition to being a business partner. guys, back over to you >> jewelia, thank you. julia boorstin, thank you. >>> let's switch to fedex gearing up to report its latest quarterlies next week. if you are betting the company will deliver on its results, mike khouw is laying out a cheap way to play the stock for about, we call it his call to action. mike, it's yours >> for the call to action, a call spread risk reversal. a strategy we like in situations like this one. we have a catalyst earnings we have a fed decision and trade issues going on. plenty of things that could affect the stock here. the options premiums are relatively elevated. we are selling more options than we're buying and then we're looking at fedex. it's ex

apple distributing disney content selling disney movies on demand now you have apple directly going intoness into that streaming business now they are rivals as well. so a bit of a frenemies situation here certainly makes sense why bob iger would not serve on the board of the company which has become a rival of his. in addition to being a business partner. guys back to you. >> julia, thank you. julia boorstin in l.a. let's switch to fedex, gearing up to report the latest quarterly next we can if you bet the company will deliver on the results, mike khouw is laying pout a cheap way to play the stock for a bounce we call it his call to action. mike it's yours. >> yup for the call to action looking a call spread risk reversal this is a strategy we like in indications like in catalyst earnings obviously fed decision, another. trade issues going on. there is plenty of things that could affect the stock here. the other thing is the options premiums are relatively elevated we like structures like this where with he sell more than we're buying then of course finally looking at fedex it's experie

we're not really taking on netflix because we're bringing disney out, and the disney includes disneynd pixar and marvel and "star wars" and national geographic. >> and yet, when people look at their monthly bills, how many streaming services is a person going to pay for? >> i think there's room for people to buy multiple services and i think they will. we're entering a very, very robust marketplace. >> reporter: doubling down on creativity, iger saved disney's ailing animation division by acquiring pixar. but first, he had to woo steve jobs. how did you get him to trust you with pixar and this creative brand that he helped build? >> he must have just seen in me something that he liked and was different, i don't know. >> new toys! >> he trusted that pixar would be in good hands at disney. he used to say that the intersection of liberal arts and technology made his heart sing. >> reporter: their friendship helped smooth the way for iger to make acquisitions many thought were impossible. like george lucas' namesake, lucasfilm. >> it was a trust. i was so grateful. i respect him enormous

also espn, disney and free form. >> disney is currently in contract negotiations with tants.t&t pays discanny for the right to retransmit the broadcaster signal of abc an to carry the cable networks they provide to their at&t direct service subscribers. tanlt will drop abc 7, disney channel and free form if there's not an agreement. at&t provided this statement. we're disappointed to see the walt disney company put viewers in the middle of negotiations. we want to keep it a locally owned and operated news station. we hope to avoid sprupgs to the services some of our customers care about. our goal is always to deliver content customers want at a value that makes accepts for them. we'll continue to fight for that here and appreciate their patience. kgo abc has been warming subscribers about this possibility of losing these channels with these commercials. >> call at&t now to keep the networks you're paying for. >> walt disney company provided this statement. if abc 7 and the other disney owned networks are removed in at&t direct tv you will be able to find more information at a

this is a great partnership for apple and disney, they had launches together.esumably suspect going to happen as much any more? >> not at all. it was inevitable move because of apple moving strongly in the sbar entertainment business and it has to. imagine board meetings bob iger would have to leave because these were in discussions, and not just entertainment is not just one thing and another, it is all interrelated. you can't discuss the future of apple and hardware products without talking about software products and entertainment products so it is hard to have someone like bob iger in the room, hard for him to be there, he stepped down which was the right thing to do, as was the case with sheryl sandberg on the disney board, not so much jack door see as reed hastings, and eric schmidt when apple and android were clearly going to clash with phone systems. >> it looked for awhile like tim cook may have to step down from the nike board, nike decided not to do health and fitness devices to back away from that area. he is still on it. could it be apple or disney

remember disney is the parent company of abc 7.logist frances dinglasan tracking the forecast. and the heat, frances. >> the heat is still going to be with us today. but a little bit cooler especially for the coastal areas. here is live doppler 7 and the satellite image showing you now quiets it right now. there is a bit more cloud cover at the beaches. we got get the on shore flow cooling us down. but check out the gorgeous shots looking from sutro tower towards san francisco in the east bay. you see the glimpse, the dawn there with the orange sky and high pressure still in place bringing uses ghw in san francisco it's 62 degrees as well in oakland. san jose 64. but check out half moon bay. that sea breeze has kicked in there. and temperatures have dropped to 48 degrees. we'll also show you another live shot. this one from mount tam and it's just clear out there. chlorskies over the bay. in the north bay, temperatures are in the mid-50s. santa rosa, napa appear petaluma at 54. low 60s through parts of the east bay like concord and

it's already halloween time at disney resorts. a sneak peek at this is you shopping. and this is you maximizing at t.j.maxx. you shopping, you maximizing. you shopping, you maximizing. get more of the brands you love and the quality you want, and save every time. it's not shopping, it's maximizing. start maximizing today! maxx life at t.j.maxx. hey. ♪ go where my baby lives hey.y the strolle♪s you must be steven's phone. know who's on your network and control who shouldn't be with xfinity xfi. switch to xfinity internet for $29.99 a month for 12 months and get complete control over your home wifi network with xfinity xfi. call. click. or visit a store today. >>> welcome back. new developments approval for a pill treating peanut aermgs just took a big step forward. the treatment created by a peninsula-based company. abc 7 news reporter luz pen aire has more on this first of its kind therapy. >> any reaction? >> no. >> no. looking good. ill. ood now, right? >> tis 2-year-old natalie lee. she just ate a peanut something her parents were afraid for her to even touch six m

compare that to disney, disney gen rates 60 or 64 million a year without revenue, without trying that hard, they are trying harder now, they're a massive media business >> that i have to outline a bigger more coherent strategy here >> two things julia mentioned, they're talking about right off the bat. he started with apple arcade, rumored to be around $5 a month and tv plus coming in november they had a big announcement earlier this year. we're still waiting for that product to compete in a very competitive space. what's your price target on the company right now? >> 245 we think the services they've talked about right now 400 to 450 billion of the valuation is on services and this the a significant time for cook and cupertino, not just on the iphone side with 11, yet about a third of the install base right now are in a window upgrade opportunity. on the services, this is a drum roll into that, you got netflix, io coming out in november. >> right. >> so this for them in our opinion it's 100 million consumers you get the next three-to-four years. you need to have pricing >> the pricin

disney ceo bob iger detailing why he walked away from a deal to nearly buy twitter three years ago, optingor digital streaming startup instead. months, not weeks. new details on its massive push to repair and could it be a september to remember. trying to brush off its reputation as one of the worst months of the year for stocks. it is monday, september 23rd and worldwide exchange begins right now. ♪ >>> good morning, good afternoon or good evening and welcome from wherever in the world that you may be watching. wherever it may be, good morning, i'm brian sullivan. here is how your money and your global markets are setting up their day and their week futures now down 99 points right now. little red on the screen this morning. coming into today the s&p 500 has been up three sessions in a row. right now, looking like it's not going to make it 4 but a long way to go. in the credit markets, things have cooled off just a bit we'll talk about that in a second benchmark ten year treasury market 1.86 after all those wild moves, things have cooled off just a bit in the last week. there are no major

i think disney will win because disney is just the king of content.hese will all drive the sale of mobile devices because you still need a device -- also, from tablets will benefit these streaming services. taylor: ivan, taylor riggs here. you talk about how the phone was a little bit of a disappointment because it does not offer 5g. we know huawei and samsung come of those phones already have 5g capabilities. was the camera not enough to offset the lack of 5g in your opinion? ivan: not really. the camera features are nice and people use their phones more as cameras but these new cameras offer an incredible amount of functionality, but the casual user really does not take advantage of the power of the camera and the functionality. for most consumers, all they want is fast connectivity. great crisp screen and functionality and durability. those are the key factors. is better than the iphone before and usually sells more than the iphone before. they really did a good job in pricing. they didn't increase pricing that much and they have some entry-level p

phone maker is launching its own streaming service that will compete with the likes of netflix and disney plus apple t.v. plus deputies in november and will cost nearly 5 dollars a month it will be free for a year for anyone who buys a mac and i pad for ny phone. today we're excited to tell you that the 1st shows will be available on november 1st. and will be thank you and we'll be adding more apple originals every month and it plus will be available in over a 100 countries a lot of course there's also the new i phones they levon and the 11 pro which several cameras and to take pictures in low light a watch now has an only is on display no need to tap it to see the time but that's nothing groundbreaking competitors offer that feature but i phones won't get 5 g. until next year no surprise sales are down the i phone still accounts for half of the apple's revenues the tech giant has to evolve so it's moving beyond hardware and software so it once a streaming and gaming platform to help bring in more money. for more of those notes crossed over to wall street and yes yes investors have long u

remember disney is the parent company of abc 7. >>> all right.eteorologist frans he is tracking the forecast and the heat. >> yeah, we have heat in the forecast. not as bad as yesterday. we are starting off with live doppler 7. we have clear skies around the bay area right now and light winds. check out this beautiful live shot from emeryville looking towards the calm waters and the bay bridge. and here are some current temperatures. it's 62 in san francisco. and redwood city. across the bay in oakland, 59. san jose still 66. but half moon bay, a lot cooler. it's coming in at 48 degrees. it's quite low actually. i didn't expect it that low. a live shot at santa cruz. if you are heading there today i think it's more comfortable. yesterday santa cruz hit a record high of 103. today we expect about 83. what you see at the top right portion of the screen is a little bit of the full moon we had the harvest moon at 12:33 this morning. more temperatures for you. fichts in the north by. santa rooz rosa. 53. napa 58. fairfield, concord and livermore still

does well and there are things disney doesn't do well, but there are things disney shouldn't even tryo do well and that was one of them. >> i think stock was -- it broke down, 12, 14, wanted to pay 19, twitter wanted 23. >> i remember it well. >> the at time, what was really going on, twitter was offering the nfl contract to bob. but twitter itself was so repugnant that even the nfl contract was not worth going for. now, subsequently, twitter turned around, remember, the numbers were dropping day after day after day. so bob iger was right then in the new book, trailblazer, i will also have the exclusive interview with marc benioff, he says i didn't buy twitter. it turns out both men are so -- twitter turned out to be huge, huge, huge where is the pride buying twitter would have been solve the nfl problem for disney would have been able to make is so there is no way anyone could have sales the information to -- >> stocks up, dorsey hammered by congress. >> you don't know what problems it would have created for disney >> there are issues. >> two things are not necessarily -- they can bo

thank you both very, very much alex sherman and joanne lipman coming up, why disney passed on buying twitter plus americans have a record amount of equity in their homes these days, so why aren't they tapping it and how mighth bt ate worsening the housing supply crunch? that's ahead we're back in two. fun fact: 1 in 4 of us millennials have debt we might die with. and most of that debt is actually from credit cards. it's just not right. but with sofi, you can get your credit cards right - by consolidating your credit card debt into one monthly payment. you can get your interest rate right - by locking in a fixed low rate today. and you can get your money right. with sofi. check your rate in 2 minutes or less. get a no-fee personal loan up to $100k. >>> welcome back, everyone i'm sue herrera. here's your cnbc newsupdate. elizabeth warren has overtaken joe biden as the top choice for the democratic nominee by likely caucus goers in iowa polls show warren grabbing 22% >> another weekend of protest in hong kong where standoffs between pro-democracy demonstrators and police have become in

you'll be getting disney plus, i have no doubt. you might need four disney pluses i like disney. netflix i couldn't own here. i'd much rather own disney. >> we have got 34 minutes left of trade we're higher by 95 points or so on the dow gains, not resounding gains but it's topping off what's been a healthy week close to 2% of gains for the week as a whole. coming up we have your last chance trade. >>> later, richard fisher will break down the jobs report and chairman jay powell's latest comments and last comments ahead of the fed's next decision as we head to break, here's a look at how commodities are trading today. oil getting a lift, up around 2% for the week gold and silver are bo plithulng back "closing bell" will be right back ♪ can i get some help. watch his head. ♪ i'm so happy. ♪ whatever they went through, they went through together. welcome guys. life well planned. see what a raymond james financial advisor can do for you. >>> just under 30 minutes left in trade the fed as chair powell says, trade policy is weighing on investment decisions but he doesn't see a recessio

is this disney blinking?said he didn't have time to work on another spiderman movie but time for "star wars. what's going on? >> to give the news. back in august sony which has rights to spiderman and disney who has rights to the rest of the marvel universe said they were splitting sony said it would make future spiderman movies on its own, not having them produced by disney/marvel who did a good job with those so far. just now, sony and disney announce the third film in the spiderman series will be produced by marvel and kevin figey, the big name at disney marvel here's the thing, jon. i think it is sony that blinked. spiderman is a more valuable property if also included in all of the other vendors and marvel movies, the characters are woven in there i think it may be sony realizing that they would be better off having disney and marvel help them out there, rather than going it alone >> that means you think they're sharing profits on this. that was the big issue, right? they didn't want to give disney all t

. >>> something new is comeing to disney theme parks in those at disney branded hotel restaurants will feature meatless options. more than 400 vegan dishs will be added at disney world in florida by early october. followed by disney land in spring of 2020. >>> a reminder now, if you have a consumer problem or question, email us. consumer watch@kpix.com or call the hot line, 888-5-helps you. we'll be right back. >>> today's tip of the day will be kiwi. kiwi is a super food. day. of the vitamins you need and dietary fiber. they are great for us. th ey are e alsoth great when i comes to meat tenderizing. they are great in salsasment great in so many different ways. they have so versatile and so beautiful too. when you buy your kiwi, you want to make sure you buy them with this beautiful light tan color all the way around. very important. and, a little give to the touch. not too much. just a little give. when you bring them home, store them on the counter, not the fridge. when they become really right, they are ready to enjoy, they have a nice give. if you are not ready to eat them, you ca

disney is hopping on the plant based food craze.ompany says its us theme parks are going begun. yeah, every menu including those at disney branded hotel restaurants are going to feature meatless options. more than 400 be conditions will be added at disney world in florida by early october followed by california's disneyland in spring of 2020 to help people spot those new additions disney says it's going to be adding a green leaf logo. the menus. the real estate agent is attack during an open >>terrifying attack caught on camera a realtor in southern california says this happened during an open house in la on sunday and now she's trying to help prevent another attack from happening. the woman says this guy told her his name was tom she says she move the conversation outside of the home because she felt uncomfortable hoped he would leave. instead she says he kept asking her questions. >>he's an will initiate a closet. i a moment. i want to stand out here so can have water. i said the preacher's wife in the kitchen, you can walk. the m

disney.'s, they're in the thick of the wild card race. and it's going to be klay thompson. he's dancing away at summer break. at at&t we believe in access. the opportunity for everyone to explore a digital world. connecting with the things that matter most. and because nothing keeps rend than the internet. we've created access from at&t california households with at least one resident who receives snap or ssi benefits. may qualify for home internet at a discounted rate of $10 a month. no commitment, deposit, or installation fee. visit att.com/accessnow, to learn more. >>> we have hit the final month of baseball's regular season at the green bottom five, we're scoreless. look at matt olson, dives and throws from a sitting position. that is a play so nice we show it twice. into the seventh, bases loaded for the rookie. how is this for your first big league knock? two rbis to right. oakland took the lead. top of the eighth, 3-0. matt olson, see you later. that ball is out of here. second straigh

government contracted walt disney studios to create 32 animated short films. disney also contributed to hundreds of training and informational films for service branches and the office of war information. next on "reel america," from 1943, "education for death: the making of the nazi," based on a book with the same title. this cartoon lampoons the hitler youth. ♪ narrator: what makes a nazi? how does he get that way? let's look at the process. control begins a soon as a child is born. a young couple comes to register the birth of their son. >> [speaking foreign language] those documents are birth certificates all the way back to their great-grandparents, proving that they are pure aryan. sonmother wants to call her hans. hans seems to be ok for the time being. eir hereditary passport with space for 12 future children, a subtle hint that germany needs soldiers. as a reward, they get a copy of germany's bestseller. now let's see what happens to one of hitler's children. kindergarten, and little hans learns the fairytales of the new order. remember the story of t

government contracted walt disney studios to create 32 animated short films. disney also contributed to hundreds of training and informational films for service branches and the office of war information. 1943,lamerica, from education for death, the making of the nazi, based on a book with the same title, this cartoon lampoons the hit larry youth. youth.ithe hitler [speaking foreign language] >> those documents are birth records, proving that they are pure aryan. hanz seems to be ok for the time being. this passport with space for 12 thatren, a subtle hint germany needs soldiers. as a reward, they get a copy of germany's bestseller. now let's see what happens to one of hitler's children. hansrgarten, and little learns a fairytale of the new order. remember the story of the sleeping beauty? hans was taught that the wicked and sleepingocracy beauty, who can she be? here comes the prince. ♪ the prince is victorious. democracy has fled. and the brave handsome night, you know who he is. hitler! [speaking german] >> heil! >>heil! [snorting] ♪ [laughter] ♪ nazie mora

in 2018 alone 150 million people visited disney parks worldwide including the monumental shanghai disneyr, marvel, lucasfilm and 21st century fox, o is hopinto hp others t all is achieve success by sharing his top principles on leadership. it's in his brand-new book called "the ride of a lifetime: lessons learned from 15 years as ceo of the walt disney company." you better give it up for bob iger right now. [ applause ] no pressure. no pressure. >> good to see you. thank you very much. thank you. >> okay, as i said, there's no pressure at all interviewing -- none whatsoever. >> we're old friends. >> yes, we are old friends and when you see the scope and magnitude, what goes through your mind first? >> well, it seems like an out-of-body experience a bit. i started at this company at abc 45 years ago as a studio supervisor working on shows like "a.m. america," the precursor to "good morning america" and abc sports and a lot of other things, never expecting that i would end up having the opportunity to run one of the greatest companies in the world so i'm deeply appreciative. i try to remai

brush like a pro. >> getting breaking stock news let's start off with disney.go calling it their top pick in media. they have a 30% upside on dis calling disney a unique global brand leader and says their studio maybe doesn't get enough attention and is the biggest and best in the world especially with the addition of 20th century fox. jefferies with a buy rating on apple. 18% upside their target the third highest on the street. calling their estimates too conservative around 5g sthe note that price per product goes higher. can you believe that pricing power? adding that many iphones are simply aging out and the street is underestimating the upgrade cycle that will be coming. so bullish on disney, apple and more coming up on streaming media netflix investors are in trouble. what does that mean for the streaming space. why we are watching some of the consumer names you know as many stocks inching towards or already at record highs. a list of names and how high they are relative to where they used to be interesting, i promise it is coming up right after this take

this is all in disney ceo bob eiger's new memoir. disney wanted to connect tocust thought about buying twitter but the deal never went through, he says it's because of theer was extraordinary and the troubles were more than they wanted to take on. instead, disney purchased a majority stake in a sports streaming site. >>> a lot of people this morning are thinking good thoughts for a woman my consider institution. i'm talking about betty reese soskind, the nation's oldest park ranger. she volunteered for years at the river center in richmond and over the weekend she turned 98, but her family also released a statement saying she is now rehabilitating from a recent stroke. they're also thanking everyone for the recent messages and love of support. she is just such a beautiful and very knowledgeable woman. >>> royal couple harry and meghan embarked on a ten-day trip with baby archie, 4 months old and the duke and duchess of sussex are taking a trip to is the schedule, starting in south africa focusing on mental health for kids and tech jo

we should note netflix and disney all moving on this news hitting new session lows we see disney down 2.5%. netflix down 3.25% and roku down 9% we also got a price tag for apple arcade announcing that will cost $4.99 a month for that unlimited video game service with 100 games that's launching on september 19th in 150 countries. we also heard of a next generation ipad as well as new apple watches with more capabilities and a big focus on health we'll be continuing to listen and listen especially for the price tag for those new iphones. >> let's get to our panel to breakdown what we heard. the managing editor of mobile nations and joining us for the first time after announcing the new firm gentlemen, welcome to you both walter, let's start with you in terms of what apple has announced. we spent a lot of time on the watch. we don't know the price on the phone. what do you make of it so far? >> it's a typical apple announcement there's a run up in the stock and sell off the day of the announcement because there hasn't been a tremendous amount of new unno vags the company sold 230 million

this is where disney has big strength. they have the disney library and the fox library. a lot of content. it will be very difficult if you have children at home not to buy their service. liz: then apple is dangling the free phone -- not the free phone but the free service for a year for apple plus tv if you buy a phone, if you buy a mac, if you buy any kind of hardware from apple. to me it looks like they own the pipes, they own the hardware, and now they are spending so much money on actual content and the pricing is so much better for apple streaming issue than it is for disney. >> but will the content be compel compelling? amazon spends billions, but it's not as good as netflix. i think apple did the same thing with the music service. at first it was bundled. spotify continues to be the market leader despite all apple's efforts. liz: let's talk about iger leaving the board of apple. he had to. there's a huge conflict. he had to, as soon as apple announced it was only going to charge $4.99 for its streaming, as disney is preparing to roll out its streaming. i recall ba

you did disney for a reason. >> i believe the disney plus service is the reason for the true gains youre seeing in disney stock >> there's your point. >> i'm not sure -- >> look at what's on the screen. just keep talking about there is the screen >> i appreciate that >> all right you like disneyland more than universal? do you like butter beer? >> i have not. it is on my schedule >> it's like a milk shake. >> comcast again >> you are mansplaining to me even though i'm not a woman. you are condescendingly explaining things to me again. >> let's talk lockheed martin with a $4.6 billion nasa moon missions lockheed stocks are up 48% >> do you feel any shed for netflix? >> i try not to feel for any --. >> even for netflix. >> i know you. i want the real sorkin here. cord cutting how much was that deal work? >> 50 or 60. tens of millions >> enough to buy a place >> right very successful. in this case, we are not impugning anyone's success for $18 million. joining us now to talk market strategy if i wanted to be a bond investor, you give me nothing. i think you should go into equities and chi

th apple tv plus and disney plus launching in november. shares a now down more than 30% from the all-time high a concern abo the rivals as ll as netflix losing domestic subscribers last q qrter. the firstecline in years. >>> the most important metric by far is subscribeny.rs the com is increasingly talking about hours of content consumed and how many people ard viewing a particular show. but what really matters is how people talk with their wallet. that's if they s on the service or not. for us we're lking at subsibers as the most important metric by far. >> while>> netflix doesn't repo ratings we see in ceo reed hayesing seeve if it d viewership or subscriberbe additions and see what the other top shows are next year. for nightly business rort, julia boorstin in los angeles. >> before we go the wahl dow down 70 points. nasdaq down 91. s&p down 15. and all three major averages a second straight week. >> and that's "nightly business report" stont. i'm sue hererahanks for joining us. >> and i'm bill griffeth. have a great weekend. >> yes. >>

government contracted walt disney studios to create 32 animated short films. disney also contributed to hundreds of training and informational films for service branches and the office of war information. reel america, this cartoon lampoons the hitler youth. [speaking foreign language]

so we all see disneyland and we all see disney world.as building his hometown complete with a train running down the middle. it was his happy place. that's the theme of the book for kids to find their happy place and, you know, for us it was to give my kids better heros to look up to like walt disney. steve: the image i'm holding right here is looks like main street u.s.a. it's the town in missouri he grew up in. >> that's exactly right. that's what he was building. we you a see this one thing but he was giving utsd the place that made him happier than anywhere else. steve: before that, the idea for disneyland came from the fact that his daughters loved the merry-go-round? >> he used to take his daughters on the weekend to a california merry-go-round and they loved it there he would look around and go wait a minute, there is nothing for families to do together here. we have got to do better. he starts researching amusement parks where families go together like gettysburg we will build a land places of tomorrow, yesteryear and fantasy lan

my kids are like, every day, are we going to disney world? are we going to disney world? is about. walt disney when i was 5 years old taught me like jim henson and mr. rogers that you can use your creativity to put good into this world. that's all weav're trying to dos put good into the world and give people a library to build for their kids, grand kids nieces and nephews. >> marie curie was a nobel prize winning scientist. >> they said the russian government wouldn't teach girls science. they thought it would make them too powerful, and they were right, right? when she grows up, she finds a college, and college won't either, and she finds a secret university that would teach science to kids. what i love about the story, marie curie, she said you can't stop the world. i want my sons to know that, my want my dart to know that. every dream, chase it, chase it. >> thanks for being here. [ cheers and applause ] >> the new book will be released tomorrow. let's go to amy. >>> all right, george. i'm in a sara and keke sandwich right now. tell me what's coming up today. >> so muc

now we are starting to follow along with new players such as disney coming out with their disney plusl as apple tv plus coming up in november. if you look at the top five streaming platform players today, it is going to be netflix and then we drop down to youtube, hulu and then hbo. i think disney and apple will be very fast followers. taylor: austin, let me bring you in. you heard disney and apple could have been sort of these big powers at work, but i love the quote you led off with in your story that said it was so dependent on steve jobs being alive to get this done. why was it so dependent on having steve jobs still in the picture? austin: what bob iger was getting at was the close relationship that these two had, both when they were on each other's boards. bob iger was close with steve throughout the acquisition of pixar. he's of course been close personally. in that excerpt, he disclosed that steve jobs was one of the first -- he was one of the first that steve jobs disclosed his cancer and health issues to more than shareholders. he really talked up that close relationship and

disney is closing all of its parks the next hour.ou actually went yesterday to take advantage of the short lines. but, you know, these are orlando mainstays. you know, disney world is usually open all the time. all the holidays. so, as an annual pass holder, lisa, can you think of the last time disney world actually had to shut down? >> actually, they shut down for irma. >> they did? >> they shut down for irma. and actually, they just came out and said they're extending epcot until 8:00 tonight and disney to 8:00 to tonight. because the storm shifted so they were able to extend both of those areas. i think my friends and i are going to take advantage of disney springs open later and go there for dinner. >> well, enjoy it, bon appetit. i hope you guys stay high and dry. i hope your brother is okay on merritt island. lisa simpson. thank you. >>> ten democratic hopefuls for an unprecedented town hall on climate crisis that's tomorrow night on cnn. our special hurricane coverage continues. coming up next, the impact on one of florida's m

. >>> after a seven-year-old boy used his disney world fun for food on hurricane dorian evacuees the company stepping in with a surprise birthday gift for him. jermaine bell had been saving money for disney trip for his birthday and instead decided to buy food for dorian victims in the bahamas and because of that disney found out and paid it forward by gifting a vacation for the entire bell family. >> mickey mouse and his gang heard your original plan was to spend your birthday at walt disney world. as a gift to you we want you to come, enjoy a getaway at the walt disney world resort leader this month. >> bell had saved up $500 for the trip and he said he is very excited about the upcoming trip to disney world. >> a two-year-old sonoma county girl hit and a hit-and-run got a visit from the police officers who saved her. the santa rosa police department surprised her with giftly after running into the street, she spent 23 days at oakland she came home from the fully recovered. >> a photographer in vienna, austria captured a curious squirrel on camera as it took a moment to stop and sm

>> we spent eight days at disney. >> jimmy: world or land? >> jimmy: were you stranded? what happened? >> no, it was elective. my husband, i married into a disney family. >> jimmy: really? ? i had to take vows. >> jimmy: what do you mean? >> they identify as part of the culture. it's in their blood. they go to the parks. they go to the rides. they are disney people. >> jimmy: do they wear the matching sweatshirts and everything? especially paul? >> i feel he takes the stance of i'm a disney historian. i'm going to tell you about mr. toad's magic ride, and i have the original poster, and he's like into the lore and the history. and i'm just like, dutde, you like the rides, it's okay. >> jimmy: which is his favorite ride? >> well, when we spent that time there, by the way, started off the trip as an outsider looking in and really went in like i'm a field reporter, staring at these people with a lot of judgment. >> jimmy: uh-huh. >> and i'm like, wow, they look crazy with turkey legs and tee shirts. and by the end of it, i was one of them. >> ji

like netflix, like disney, disney is only $6.99 a month, comes with all the movies, all the star warsovies, they have a lot of content and a lot of intellectual property that people understand and know. it's going to be hard to go up against that except coming in lower on the price. if you give it to me four-year free, they forget you give them a credit card and they start charging for those year from now they have the content or second season of the morning show or the show they showed a trailer for. it makes you want to stick around, smart way to get people in. aol, always give you the month free and then charged you at the end. it's very similar. liz: we will put up a lot of what apple revealed on facebook.com/liz claman. plus the prices. what is next for apple in the overall markets. they list on every exchange but we are not a single stock we look at the markets. we have to take into account the first terrorists on china. since the first herbs were hit, apple along with other trade names like intel, construction equipment manufacture caterpillar, it's been a mixed picture, cat is

more streaming players like apple and disney enter the space.oli has more on netflix's fall this year mike, netflix fell last year from around midyear into the end of the year when everybody else was falling. and then rebounded is this similar or is it different? it was precipitated by earnings. >> it is similar in magnitude, but when the market was rushing lower, it was about stocks that had the greatest profits, fast moving stocks hit harder you look back at the chart of netflix against the nasdaq 900, it is tremendous surrender of what had been amazing outperformance two years ago, the following ten months, up 200% more than the nasdaq 100 and it has come back almost the entire way essentially it is neck and neck with the nasdaq 100 over two years, but had been up by -- tripled it a big premium is being drained it is the specialness, uniqueness, certainty on the business model, how fast they could get to whatever subscriber base people thought was proper scale to get profitable. i think a lot of that is what's going on also, you're seeing a d

he says disney is his largest holding.versation honed in. >> one thing that's interesting is proportion alternate route of the remedy or crimes need to be off. you're driving down the freeway, going 68 miles per hour, getting threatened to be sent to jail. they want to break up companies. start with shouldn't we break this up, that seems to be crazy for some of the behaviors that i think are being put under the microscope >> we work specifically, the panelists seem to think concerns surrounding we work are largely overblown, they did speak about unique issues surrounding corporate governance worth noting, he is an investor in softbank, wework's largest investor >> thank you, leslie. >>> jeff bezos, speaking at the national press club in d.c., making an announcement on amazon's carbon footprint. ylan mui has more. >> amazon will embark on a new campaign to meet goals of the paris climate accord ten years early, calling this climate pledge amazon is the first company to sign on, and for amazon, it means moving from 40% renew

then disney, then apple, 13 million.y did some research, 43% of americans say it is either extremely likely or somewhat likely they will buy in. disney, let's face it, priced it right. $6.99 per month, almost $70 a year and they bundle it per month. disney plus, espn plus and hulu. this is a north american deal. for $12.99 which basically puts it on par with what most people are getting with netflix. i will say no matter what else you think of disney, the ceo bob iger, they have priced this to move and it seems like it is. stuart: i'm trying to do some math here. great difficulty. 82 million subscribers, five years from now, if they are each paying $6.99 a pop for a month, that's a revenue of $560 million a month. ashley: not bad. stuart: what's that, i'm trying to do the math. not bad. deirdre: a lot of the content has already been created. they have pulled in so they're not still borrowing to produce as much as netflix. stuart: no wonder disney's stock is close to an all-time high. deirdre: up 26% year to date, outperf