disney's nephew had run this very outspoken save disney campaign.ner was a veteran ceo that you were replacing. what was the atmosphere like when you tried to cast yourself as an agent of change, despite the fact that you had worked for him for 5 years. it's hard to be an agent of change when you come from within because you're largely toeing the company line or trying to protect the status quo or following more tradition than anything else. but it was clear that in 2004 or 2005, which was when my succession process was under way, that the company needed a new direction, needed a change both culturally and strategically. how could you represent change if you were seen as his right hand man? it worked obviously because you got the job. i don't know that i represent change until i proved that i could change but i at least was able to articulate it and i had enough credibility with the board, at least after 15 interviews, and maybe ijust wore them down. your time at disney has been defined by global acquisition. your first was less than six months on t

i don't care if you are cbs all access, disney, disney + or hulu.t requires you to create addicts. you have to keep coming back every day for hours at a time. netflix has done a great job of that. now it is on everyone to follow that and create addicts. so that you can keep paying. it is very easy in the streaming world to click cancel or pause, and come back later. that was much harder in a cable world were there were boxes and satellite dishes on your house. it has become really easy to go on and off in the digital world. field andch green lucas shaw, thank you both for joining us. coming up, music video app tictoc is gearing up to take on washington as it seeks a new u.s. policy chief. we break down the story, next. and if you like bloomberg news, check us out on the radio. you can listen on the bloomberg app, bloomberg.com, and in the u.s., on sirius xm. this is bloomberg. ♪ taylor: microsoft is among the plaintiffs in the case is viewed by the u.s. supreme court tuesday over the so-called daca program. this is defending its employees who were b

disney did it in a day. go back to 1974, this is peak disney. taylor: we can see the technical glitches. we can shrug those off. >> that is what disney was saying. if we knew how many people were trying to sign up, we could not plan this. they had an incredible deal with verizon communications where 19 million customers could access the service for a year for free. even the free customers, disney is getting paid a wholesale rate from verizon. taylor: we don't know where the demand is coming from. what is driving it? >> disney does a fantastic job of marketing. they have the biggest synergy campaign ever. they promoted it on monday night football. they promoted it on abc. they had advertisements at the theme park, disney radio, they had espn correspondents tweeting about it. everything from marvel to pixar to star wars, they threw it all at this service. taylor: where does disney fit in the streaming wars? >> they are netflix's biggest rival. the stock market reaction has showed that. netflix took a fall. disney surged. that is what we are seeing

disney's streaming service disney plus is hit by technical issues in its debut but some call it technicaletbacks -- temporary setbacks. they say they will reach their goal of 9 million users by three years. in hong kong, how news and rumors are playing a part in protests. and, market share, buyers turn tesla's toyotas for model 3. first, to our top story. the launch of disney's streaming technicalt with some glitches and crashes, but still, buzzy plus generated across social media. rickore, we are joined by springfield and bloomberg's lucas shaw. are the technical glitches perhaps a good sign, showing that demand exceeded expectation? rick: i have no idea. the reality is that technical glitches are sort of commonplace in big launches. you side with hbo and game of thrones. maybe it was demand driven. who really knows. it is irrelevant in the scheme of this is disney's long-term strategy. bob iger has thrown down the gauntlet. it is not even just about disney plus. fx content. as long as these technical issues are not ongoing, as long as you are not still hearing about technical issues 2,

disney was the big winner of the week, signing up 10 million customers in one day for disney plus despite some technical glitches upon launch. disney plus became available tuesday in the u.s. and canada. the media giant's original goal was 60 to 90 million subscribers in 10 years. it is posed to reach that goal sooner. put this in perspective, hbo now, cbs all access, the world wrestling network, these guys have been in business for a few years. none of them have hit 10 million. disney did it in a day. it is an incredible feat. that's why you are seeing a record high. go back to 1974. >> all the technical glitches yesterday, we can brush those off? >> if you only knew how many people were trying to sign up, we cannot plan for this. the big question remains, they had this incredible deal with verizon that took in 19 million customers for free. disney is not saying how many people signed up were free customers, though the company is noting disney is getting paid a wholesale rate from verizon. >> we don't know where the demand is coming from, but what is driving it? is it content or pricing?

on disney plus, and should investors think of disney as setting the pace for all of the current wavelengers and how serious the impact maybe on netflix and others? >> reporter: this is a really important question is disney competing with netflix or is disney doing something different. disney is focused on brands, they're focused on family audience netflix is trying to be more like a tv alternative perhaps. in terms of your question specifically when we get numbers, maybe we'll get some with the next quarterly rumesuls they haven't been specific, and guidance of big picture expectations are so far down the line, they're not giving guidance for the first quarter or two seems like they want to give themselves some time to get the service off the ground before they give us any guidance at least. >> all right julia, one of the most important things from the week >>> back to the markets. tech is coming off a record close. stocks on pace for the best month since june major averages dipping on trade headlines, trying to reverse that jpmorgan joins us on the opportunities in what's a recent m

disney plus revealed. more than 500 movies -- >> everything the light touches is our kingdom. >> more than 7500 episodes of your favorite shows. an exclusive first look at the brand-new story from the "star wars" universe. >> i've been waiting for you. >> it's marvel-ous. >> avengers. assemble. >> it's incredible. >> show time. >> and it's here. ♪ let it go >> your first look only on "gma." ♪ break of dawn let it go, let it go ♪ >>> that's going to be in my head all morning long. >> that is a good thing. good morning, america. welcome to launch day of disney plus. boy, a lot trending on social media overnight. >> it's like christmas coming early for everyone. hundreds of your favorite movies, thousands of episodes of your favorite shows, all streaming right now, and the "frozen 2" stars, kristen bell and idina menzel are going to join us live in our 8:00 hour. >> it's perfect because it's cold outside. it's freezing so nothing better to do than stay inside and watch disney plus. >>> and speaking of frozen,

i don't know if you heard about disney plus launching. >> disney what >> disney plus, video service.we have been talking about it all morning, very excited. thank you. >>> after the break, senator richard shelby sits down with exrgan exclusively nt. we're back after a quick break et kind of car. ♪ ladies and gentlemen for a different kind of drive. ♪ ladies and gentlemen for the drive to create a new kind of family car, that became a new kind of race car. for the drive to rebel, zag. for the drive that's inside you. and inside us. that's the drive under the hood of every mini. because every mini is... for the drive. ♪ it's how we bring hope to our patients- like viola. her team treated her cancer and strengthened her spirit. so viola could focus on their future. cancer treatment centers of america. appointments available now. cancer treatment centers of america. that's it. i'm calling kohler about their walk-in bath. [ sigh ] not gonna happen. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please. [ fing

disney is launching disney plus in just months. disney is launching disney plus injust a months.is launching disney plus in just a fortnight, and months. disney is launching disney plus injust a fortnight, and hbo is launching hbo max in may of 2020, so will this have an impact on netflix, amazon prime or hulu? this analyst told me she is not expecting apple tv+ to make an impact on the existing services but with disney plus launching so soon, if there is a tip, it will be hard to know which is driving it or if it is a combination of the two. apple tv+ will allow up to six family members to use one accountant plans to release new content every month. dexter thillien is senior analyst at fitch solutions. hejoins me now. dexter, you look at this market day in, day out. would you agree with that assessment there, but it will not make an impact on the existing monthly services out there? yes, i think so, it is part of a long—term strategy we think so as a result of services are becoming a big part of the revenue stream, about 20%, i think it isa revenue stream, about 20%, i think it

would rather own disney. you look at the multiple, the this stock relative to the market you could have bought in yesterday if you were screening what hasn't run what's a brew chip and valuation and you can do it after the numbers. these were great numbers we didn't learn about the streaming business yet we know they are in the thick of things. >> it has the fly wheel effect you ms. henninged that it should help the streaming business if it helps studios it should help that content which will be on the service. >> he does sort of just touch on the idea of the cannibalization -- he denies that's an issue. but it has to be abc, linear tv that has to be an issue. good for them. you can either do something about it which they are. they are absolutely addressing it i kind of agree with tim, the numbers are great. up nicely. but it's not materially more expensive today with the earnings up this much. the story is very much. >> i think the stream stuff is interesting. i licensed to the whole interview. he said they

and get this since disney announced pricing for disney plus in april it's gained $58 billion in value. do the magical math, $58 billion in market cap. 10 million subscribers makes each disney plus user worth about $6,000 is the magic too good to be true? guy, that's one way to do the math i think the market is saying is going to be it's far more than 10 million at a point. i guess the moep is at some point i want $60 if you do the math that's the ultimate hope with that said here is the stock that traded about six times normal volume, made an all-time high, up 50%ish since announcing legalized me andreaering to me that was the first life lines in the sec can you wrap your head around the valuation? karen and i spoke about it last night. spending money to make money i get it how long does it take and moug are you willing to wait? and how long should you stick around after 50% move over the last six or seven months say probably not a bad time to take profits in the name. >> we did this magical math because the exercise at this point for investors who have seen this ride up is how much i

long. >> karen. >> yes talked about disney. i like disney.usband. >> oh, wow trade him. >> trade opheim. >> grasso. >> tse, trinseo, a chemical play, a value play hoping their rotation still has legs in it tse. >> guy. >> we had a lot of fun in the commercial break unfortunately the folks at home don't say it. >> unfortunately. >> expe against 115. >> see you back here tomorrow at 5:00 for more "fast money. "mad money" with jim cramer starts right now >> my mission is simple, to make you money. i'm here to level the playing field for all investors. there is always a bull market somewhere. and i promise to help you find it "mad money" starts now >>> hey, i'm cramer. well t other people want to make friends. i'm just trying to save you money. my job isn't just to entertain but to educate and teach you call me at 1-800-743-cnbc. or tweet me @jim cramer. now that big business has rediscovered the urge to merge, some things here, just because a deal makes sense

i'm here at the disney post today.ading the dow to record all-time territory, but the rest of the dow now letting disney down. all three of the major indices are just below record closing territory. >> and i'm courtney reagan in today for sara eisen let's take a quick look at what's driving the action today. the president blasts the fed and calls for negative rates here in the u.s. but fails to offer any new details on trade negotiations with china. as wilfred mentioned, the dow, s&p, and nasdaq set new record highs, but that lack of clarity

disney, pixar, marvel, 30 seasons of the simpsons. is nothing like it >> nothing like it our next guest says disney's charts show a break out. bill is on the line with us. it is a 5% gain so far is this a scenario where investors and traders can buy the strength of disney earnings? >> i think so. what is there not to love. the numbers are great. excitement ahead of the plus launch we also saw components from the theme parks, from studio revenues we saw them bounce back. just look at the chart this is a great chart. you are seeing this break out the last couple of quarters. we are holding the average from the 127, 130 area. now 140 is looking like where we are going to open today. this is a huge number. it is very bullish if you don't own disney, i think this is a green light to get in ahead of the plus launch >> i see the charts and what you are looking at, one of the big points of contention about disney is that over the years, the emphasis from investors has been shifting. at one point, it was all about espn, then it shifted to movi

disney's theme parks have also been doing well — with sales up some 17%.t has invested in new star wars attractions — the first launched in california in may — followed by another in florida in august. and it's had a record—breaking run at the box office. both the lion king and toy story 4 topped $1 billion in worldwide sales in the three months to september. on top of aladdin — and avengers endgame — that means disney has had 5 billion—dollar movies this year. our media editor amol rajan spoke to disney ceo bob iger recently — and asked him about the fox takeover. why do you think rupert murdoch wa nted why do you think rupert murdoch wanted to sell? i think the primary reason is that he looked at what was happening in the world of media and all of the disruption and he did not believe the hand they had was a strong as it needed to be. he did not have a solution. what are the underlying trends reshaping the industry that makes these mega acquisitions necessary? if you look at the media landscape of today whether you are in the uk or the us oi’ whether you

>> we have been in and out of disney, and i think what has happened is disney has gone from a day trader's and market influence rumor driven stock to being a value stock, and that is where the market is going to find a huge appreciation in investing in disney over the long haul. kathleen: as you said, it never hurts to have your brand, your logo known by so many children around the world. >> here is a little number you ought to keep in mind -- disney has a p/e today of 17 times. the only other media company of any other comparable size and content, quality is comcast. they are also 17 times. p/e.ix has a 92 p/t -- they have announced they are going to spend $15 billion this year and more next year, they are not going to make a profit, and that 92 times, somebody is going to pick them up. mediatechrter bibb of capital, thank you for joining us. much more ahead. this is bloomberg. ♪ taylor: with just under one euro election,he 2020 u.s. facebook's coo told bloomberg news think this time around will not be the same. >> we think the 2020 election is a massive test for us, and it should be. ele

disney directly is conservative. >> do you believe that disney is going to ultimately be picking off i'm speaking of it. and that all of us somehow manage it. efr three, four, five seven. >> there are two, three, or four i'd like it to the incumbents have an issue. >> incumbents being? >> when you have a new entrant. >> do you think it's a compression -- this is the big question is netflix going to have to come down and everybody else come up? is there a meeting in the middle in terms of valuation? >> the growth will go to services and disney has the biggest scale of what comcast is doing with peacock it's an advertising supported service. why wouldn't you take it then you have discovery with the incredible like niche services that food network kitchen is impressive and the ancillary revenue whether it's ecommerce, kitchen appliances, whatever they do. it's really interesting. that's kind of another type of service. >> so the 160 price target, how much of that 168 is the dtc domestic and international and what sort of valuation do you place on that if one thinks that netflix's valuat

on to disney plus.? >> it is not a joke. >> no, they out they had it alld out. >> i guess they weren't anticipating how much people want the product. >> profile of kevin mayer yesterday, whose nickname is buzz light-year internally, engineer by training >> there is going to be an interesting battle between three executives at that company to ascend to mr. iger's position when he steps down in 2021 and mayer is one of them. >> yes working on rockwell animation. >> yes the exchange today >> you read that stuff >> let's get to bob pisani and see what's moving. hey, bob. >> happy tuesday, everybody. 3093, the old high on the s&p. we're essentially there, maybe a point or two short europe doing well. asia doing well. japan, another big standout to the. indeterminate open here as we wait for the president here. semis up, a little trade materials, that's a good sign. utilities slightly on the upside ba banks, terrific run. all the department stores are weak, macy's, nordstrom's, kohl's on the downside the real

disney >> reporter: disney beating expectations on the top and bottom line. per share of $1.07. 12 cent beat analysts had been expecting 95 cents puerto rico share. revenue coming in at 19.1 billion up 34% from a year ago quarter and compares to expectations from analysts of 19.04 billion and better than expected results driven by the studio as well as parks and resorts. want to break out these numbers. studio division showed 52% increase in revenue to 3.3 billion while the studios operating income increased by 79%. looking at the parks and resorts division, that division saw 8% increase in revenue, and a 17% increase in parks experience in operating income and then even if you look at this direct to courtroom international division snaflts have been smagt what kind of loss it would post and it posted smaller than expected operating loss so smaller than expected and also just looking at the median networks division that's up there with parks and experiences, those two the biggest in terms of revenue and it grew its revenue 22% in the quarter also better than

ahead of the launch, disney removed its co nte nt ahead of the launch, disney removed its content from main competitor and then banned netflix advertisements on entertainment channels. seen by some as declaration of streaming war. this is the latest netflix premier, they have tens of thousands of episodes and thousands of films. millions of subscribers worldwide. they also face competition from apple, amazon and several streaming services that are and several streaming services that a re let and several streaming services that are let yet to launch. who will survive and who will thrive? as disney launches its streaming service it will have its eyes firmly on china is the world second—largest video market. disney's avengers movie smashed the chinese box office and when it comes to streaming the giant will be competing with the likes of netflix and apple who are also courting subscribers in china. and these american players will have to face off china's own video streaming companies such as tense and and youku. earlier we were told about whether american entertainment companies could suc

disney is turbocharged by a record run at the box office. live from london, that's our top story on friday it's the 8th of november. it's a blockbuster three months for disney after its mega—takeover of fox. we'll ask where the launch of its streaming service could take the entertainment giant next? from star wars to trade wars, is there light at the end of the tunnel? markets hit new record highs — as china and america edge towards a deal. also on the programme: this is the man who is billions of dollars poorer —— after wework‘s dramatic fall from grace. we'll assess how masayoshi son got it so wrong. talking of offices is your workplace up to the job? we'll get the inside track on the changing face of the workplace with a boss of a global architectural firm. so today we want to know are you happy with where you work? what are the benefits of your own space or an open plan environment? let us know your thoughts. just use the hashtag bbcworklife. a warm welcome to your friday edition of worklife. today we're focusing on the changing face of

disney with theme parks.ix is probably the only pure play entertainment company left in this streaming war >> fascinating i love it. new tv kind of like the old tv sara fisher from axios thank you. >>> still ahead, a more serious story. can google steel your private medical data an emotional moment from jeopardy host alex trebek as he gets unexpected support in his cancer battle. & dairy free. they're all clean. all the time. even if sometimes we're not. sundown vitamins. all clean. all the time. it nice?ce. this is the most-awarded minivan three years in a row. the van just talked. sales guy, give 'em the employee price, then gimme your foot. hands-free sliding doors, stow 'n go seats, man, y'all getting a hook up and y'all don't even work here. pacificaaaaa! non-gmo, made with naturally sundown vitamins are all sourced colors and flavors and are gluten & dairy free. they're all clean. all the time. even if sometimes we're not. sundown vitamins. all clean. all the time. >> welcome back. time for this morning

and talk about disney because that's happy. >> let's resume the discussion about disney dan had interestingharting. >> he did. >> and the island. >> the key is obviously if you get something unhappy you have the risk of a quick fill of the gap and dan is aware of that that's why he has done the 120 level. if it's put to you it's going to be at the level where the gap is extinguished so to speak it's the way to do it because basically disney has been stuck ever since that really epic breakout and gap on $65 million shares in april. the standoff continues this is the way to get long. >> mike in vegas, what did you make of the dan's trade. >> well there are some things i like about it. you know if you sit there and try to buy premium every time you have the upcoming catalyst that's usually not a winning strategy he is looking to offset some of the long premium he is purchasing, selling some you know relatively short-dated puts less than 90 days is usually the kind of premium i'm looking to sell that said we have seen some gaps lower in disney earnings one of the most profound was certainly in

the launch of disney plus. looking to capitalize on popular franchises that iger has acquired likepix ar, marvel, star wars. the service will cost $6.99 or $12.99 monthly bundled with hulu and espn plus. subscribers can get the service free for the first year. we'll get an early view of the offerings and talk about this big gamble late in bob iger's tenure maybe his biggest gamble to date they used to get a lot of money from netflix now they are going to do it themselves >> that's the guest we had on saying it is becoming very si siloh. you'll have to pay each one for the content. >> i have verizon unlimited plan i'll get it free i want to get this downloaded. every verizon customer with unlimited data >> you can use far point for that >> that's personal i can watch star wars when i'm on the subway. >> write it off. you have a partner, get him to pay for it >> in my special interest company, all the banking costs, come out of the principals personally >> no way. >> who is your accountant. >> that business model

launching disney-plus.asure trove of content including more than 500 movies. ♪ hi ho >> reporter: from the original "snow white" to "the avengers." plus, 7,500 tv episodes, including the new "star wars" series, "the mandalorian." >> they said you were coming. >> reporter: now all in one place. >> it's not only a big swing, but it's a big swing for a reason, because it's a big deal to disney fans worldwide. we've never had this before. >> reporter: last year, subscriptions to video streaming services surpassed cable subscriptions for the first time. disney-plus, priced at $6.99 a month, costs about half that of netflix, the biggest streaming provider currently. according to disney, the parent company of abc, initial demand for disney-plus exceeding "high expectations," causing disruptions for some customers. the company promising to "quickly resolve the current user issue." analysts predict disney-plus will reach as many as 90 million subscribers in the next five years. david? >> rebecca jarvis tonight. rebe

with disney plus launching tuesday.r announcing that disney plus has distribution partners to help expand potential reach. >> we have distribution deals with a number of different entities. we aree pleased to annou today a deal with amazon. we have deals with apple. deals with samsung, microsoft, with lg, google. so significant, significant progress in terms of distribution deals. band amazonng the latest one. >> iger also announcing that premium cable channel fx will have a presence on hulu creating a destination on hulo from the fx cable network and originals from fx creators. iger says that will add value to hulu driving subscriber growth. he wldn't give any updates on subscriber for disney plusreut they pleased with testing and ready to launch. >>> let's turn to dave hagerre r n disney's earnings beat. seni medium nlt a a at edward jones. >> good afternoon. >> clearly a good year especially at the box office. continueink they can this momentum? >> well, certainly the company has been having great year at the box off

but you're doing a show on disney+. >> yeah. >> jimmy: disney plu >> disney plus >> jimmy: yeah, disney a lot of projects. this might be number one we take previous "high school musical" theater cast and reunite them to put on their show in six days so obviously, that's very funny. and also, we have cast that are millennials. and we have casts that are baby boomers. so some people saw them each other five years ago some people saw each other 45 years ago and the one thing that unites us all, right, is that word high school. we all feel a little gross when you say it, right? [ laughter ] like we're going to puke >> jimmy: yeah >> 'cause it's traumatic, but to shed the labels that you had in high school and sort of reintroduce yourself to people that you know. it's a little bit like time travel and it's the most positive uplifting show and i watch it with my kids, we've seen all the cuts. and i'm so proud of it >> jimmy: fascinating. it's called "encore. >> it's called "encore." >> jimmy: do people -- do people, like, hook up? [ laughter ] >> i - >> jimmy: i mean i - >> i didn't hook up w

move on to disney, they have now launched a disney+.unning but a day when the stock is up to 138. look at apple, executive shakeup at apple tv plus, that is their streaming service, the stock is down a tiny fraction. allie bubba, record $38 billion worth of sales in 24 hours, that was single day the stock is at 186, down a tiny fraction. microsoft in record territory moving up again this morning, not much, not on my terms. it is up 5 cents. we will take it. 146 on microsoft. they are all together now. dr, the present speaks to the economic club and two and half hours time, he moves the market if he says anything on china trade. >> either way, this weekend he said things might not be going as fast as they like and he would only get the right deal for america, that cut the markets yesterday morning. if he gives any glimmer that things are going well and he will kind of amend that statement you bet markets will take a big jump. >> the white house advisor peter navarro says the dow will hit 30000 if we get usmca done. do you agree with that

we have seen some gaps lower in disney earnings. one of the most profound was certainly in august of 2015. you are not collecting that much as a percentage of the current stock price. valuation in disney is trading close to it's all time peak. you might not see that in the stock price, why is that they're taking on a lot of debt. about $40 million of incremental debt on the balance sheet. >> that is one of the reasons why we might be seeing a higher implied move volatility of the equity will get higher we are seeing that going into earnings, so i like buying the calls there for $2.20. i'm not sure i'm comfortable at selling those puts at only 1.20. >> let's move on from the magic kingdom to sin city. the wynn resorts are up 25%. los vegas sands up 21% mgm 19% higher the chart master is still feeling lucky rolling out the dice within unof these names >> you see those numbers, those are market performing number, inline with the s&p. we're going to look at lvs and see perhaps there is something setting up which should left hand itself

today, disney plus giving access to all of disney's content, past, present and brand new all in oner: the streaming world just got a little bigger. >> disney plus. >> reporter: actually a lot bigger. the disney plus streaming service is now live joining the netflix.amazon prime, apple tv >> disney actually launched a missile today, and the missile was right in the heart of the enemy territory. >> reporter: he teases entertainment business at usc.l won't mean the death of other streaming services but will be a lolow cost big win for consumers because of what it's bringing to the table. >> unprecedented content at an unprecedented value sure to the shake-up the industry for years to come. >> reporter: meantime at the grove shopping center, disney springing loose the simpson characters and actors from its high school musical tv series. >> the child in me, the person in me was freaking out because there's so much content and i think everybody is going to be able to enjoy it no matter what their age is. >> reporter: an early morning technical glitch knocked the sign-off process off-line.

disney-plus with all the disney classics, "star wars" in one place. and the first challenge because of demand out of the get that. a lot more news ahead here tonight. stay tuned. (danny) after a long day of hard work... ...you have to do more work? (vo) automatically rtouexnses and save over 40 hours a month. (danny) every day you're nearly fried to a crisp, professionally! (vo) you earned it, we're here to make sure you get it. quickbooks. backing you. (groans) hmph... (food grunting menacingly) when the food you love doesn't love you back, stay smooth and fight heartburn fast with tums smoothies. ♪ tum tum-tum tum tums with tums smoothies. 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. ♪ cdc guidance recommends topical pain relievers first... like salonpas patch large. it's powerful, fda-approved to relieve moderate pain for up to 12 hours, yet non-addictive and gentle on the body. >>> next tonight here, to the

disney powerhouses disney and news corp set to release quarterly results any minute. find out numbers here first before it impacts your wallet and the market tomorrow. connell: we wait for earnings to come in. bring in the panel, erin gibbs, joins us and paul dietrich, fairfax global ceo. paul, you first on markets. we'll get into earnings as soon as they start to cross? anything on trade? we'll get some details from blake burman what is going on or not going on with china. any hint we're going in the right direction? we go up, when there is tension we come back down. you would think some is priced in. i guess not. what do you make of action we saw today. >> this phase one of the trade talks is the easy stuff. you know, getting china to buy more agricultural products which will help during the elections but all of the difficult stuff we pushed off. we pushed it off until probably after the election. if the chinese have to bend, they will bend to trump after the election but if the democrats should win, then they think they will have a little easier negotiating posture

netflix still outperforms disney since jumping into the streaming war disney announced two years ago. joining us is the senior equity analyst and our own juliewel jua >> it seems like it's going really well. this morning, when the service went live at around 6:00 a.m. eastern, we saw there were 7,000 different complaints that the service was not loading properly or streaming well. disney came out with a statement saying that they apologize for any hiccups and they fixed things they apologized people are unable to connect. disney was prepared for a lot of people, but it sounds like the demand was even bigger than they could have anticipated >> one could say, bernie, maybe they had a problem that was born of riches. >> that's what we think. that's why they spent billions of dollars on band tech so this wouldn't happen. either way, it seems to be demand driven. >> what do you think of this service overall and its ability to drive revenue and profit for disney how helpful is it? >> we're bullish on the service. that's because of the content. the disney library number two, the price, $6.99

since unveiling disney plus in april disney shares gained 18 petros while shares of netflix facingompetition and the loss of disney content have fallen some 20%. but today's launch isn't just about disney plu dollars with netflix and hbo max. disney is looking to grow the digita advertising business. bundling ad free disney plus with hulu and espn plus both th ads for $13 a month, a $5 discount. >> i d't see it as zero-sum game. there is opportunities toop add we're in the beginning it's no where near taking stuff from netflix or amazon it's just growing the market. >> lu a competing with via pluto youtube and next year with nbc universal's peacock, all of thking for a bigger of the digital adarket whi disney projects to be worth over $50 billion by 2022. for nightly business report,ju a boorstin in los angeles. >>> still ahead, upheaval hit one of the heartland's biggest industries. ♪ ♪ ♪ >>> america's largest milk prorucer has filed bankruptcy. dean foods has struggled in recentears as that industry changed and demand for cow's milk declined. companies in talks r tht now with dairy farmer

the challenge which netflix have to aspire to and what disney have already achieved is disney is nown a position to weaponize that fan relation. we do a lot of thinking around fandom in an on demand digital environment, unless you have a stand out, there is a challenge for how to gain audience share where we have conflicting demands. >> what do you think about their target market? is it directed to children and parents of children? >> that's the crucial distinction. it is the parents who need to have an entertainment resource for their kids talk about the positioning in the u.s. market. we already have two big strong threats in netflix's and amazon prime. being able to insert themselves into the household discretionary spend. they've already proven that library. when disney have identified they want two-thirds of the 90 million u.s. subscribers to come from international markets, the disney brand is the difference none of the other services have that level of international recognition for content that people already know what to associate with disney. it is a kite mark, a stamp of cr

by success at the parks and studio the big news is about disney's big bet on streaming with disney plus launching tuesday bob iger announcing in the interview that they have a

releases its highly anticipated streaming platform, disney plus. bet that investors will also have one eye on the competition as rivals such as netflix and apple also step up their streaming game. here to weigh in on who comes out on top, there are a lot of players and more added seems like every other day, cfra media and entertainment analyst along with web bush securities managing director mike parker live via skype. i love that. thank you, gentlemen, for being here. toomey, let me begin with you. let's start with the earnings. one of the areas disney -- its two main areas of revenue stream have been the media networks and parks. both categories have been waning a little bit. what do you expect in this latest report? >> you know, so we know that media networks, they're essentially in investment mode. they just absorbed, you know, hulu. they are ramping up a lot of spending, you know, on programming, etc. so it's kind of guided to a relative tempered outlook for that division. also they've got direct to consumer and international which is in a los

. >> coming up a whole new world for disney but the rollout of disney plus not exactly magical. opportunity for. >> and sfla, is this an opportunity for short sellers? i am alfa romeo. whether your beauty routine is 3or 57,... make nature's bounty hair skin and nails step one. it's the number one brand uniquely formulated for silky hair, glowing skin and healthy nails. nature's bounty, because you're better off healthy. ♪ doprevagen is the number oneild mempharmacist-recommendeding? memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. i am royalty of racing, i am alfa romeo. let me tell you something, i wouldn't be here if i thought reverse mortgages took advantage of any american senior, or worse, that it was some way to take your home. learn how homeowners are strategically using a reverse mortgage loan to cover expenses, pay for healthcare, preserve your portfolio and so much more. a reverse mortgage loan isn't some kind of trick to take your home. it's a loan, like any other. big difference is how you pay it

tell me how else netflix will beat out disney when they have the star wars?this is going to be very difficult for them to beat out disney because as porter said, you have a massive amount of content but netflix has the loyalty, they have the loyalty and they have people who binge-watch, you know, the bottom line with netflix is the demographics, they understand the demographics better than anybody and i don't care and how much they've been spending money, if you have a 12-year head start at studying how people watch, you are -- you are -- you are in a good position to start creating new content and they keep making great shows, they haven't slipped up, the shows -- i mean, granted, there's some shows that are pretty lousy on netflix but there's a lot that have a following and i think the people will remain loyalty -- loyal. liz: can i throw comcast peacock into the mix? comcast really behind. >> here is from an investor's point of view, here is what you should pay attention to, disney has been for decades a value stock, today it became a momentum stock, inves

good to have you with us >> thank you >> you own disney. will you be buying more?pends on largely price. the last comment about a buy with a caveat, we believe in the long term economics of disney but i think there are risks to be aware of. it's difficult to really ascertain with the profitability is in the short and medium term. we size it i think you have to keep the sizing small but we do believe in the pricing power and it's ability to have long term growth opportunities. it more with profits propertie to make money. >> absolutely. it's the fly wheel effect. when you compare to all the other people that are competing in the space, it's a fierce competition but seems like race to the bottom. really the jury is still out whether or not streaming can be a profitable business. with disney, a couple things give us confidence and one is the fact the fly wheel affect they are not just selling content. it might be one a and done they are selling experiences they are selling ride, cruise, consumer merchandise and everything else. that fly wheel allows them to price cont

which disney is dominating this year.ster hit.s could use a total domestic ticket sales are down more than 6% fro the same period in 2018. and the november box office so far isown 27% from last year. the big question is whether the growth of streaming services, apple tv plus and disney plus both launched earer this h. mont have been keeping people at home and puttingreure on the box office. >> unicorn. ice cream.ca le. >> if "frozen ii" is a hit it could not only revive the box office, but also drive subscribers to disney plus, which has the first"frozen" film and will get the second one next year. for b"nightlyiness report" i'm julia borsten los anges. >>> let's look at the day on wall street. the dow was up oi109s to 27,875. the nasdaq added 1 t and s&p 500 rose 6. the major averages were all lower for the week, and that snapped a string of gains. it was also a wee that saw the stock market hit new highs. >>> and that's us"nightlyess report" for tonight i'm sue herera. thanks for joining us. >> i'm bill griffith. have a