and so i wish disney well.my old family and will always feel that way and i'm sure i left it in great shape with a great road map, frankly >> first, just a final question about the streaming landscape. you mentioned your role buying out that additional stake of hulu the landscape is crowded, hbo max, add-supported peacock, what do you think will happen with all these players? many people are saying not all of them will survive what do you think it looks like three years from now >> clearly not every streaming service will be alive and be a large global player. only the biggest mrandz with the highest content deserve to be in that arena i don't know how many. it's hard to predict i pride my steph on not trying to predict the future with too much spriggs there will be several, three to five to six large global winners in the streaming space unlike music, you base new music subscription services have pretty much the same music you want to subscribe to one of them, an apple music or spotify. with respect to video s

and that's why i think we talk about disney disney steals all of the headlines and netflix, by the way, has done an outstanding job of doing exactly what they should be doing which is focusing on the future and their future is not only international and they're doing a magnificent job in a lot of different categories and one of the things morgan stanley points out and we expect cash flow to start to be real flow when you get into 2022 so there's a lot of real optimism, i think, still out there for netflix, but the reality is you're 100% right, scott. disney has stolen the headlines and it's all because of the streaming. what about also, weiss it's about a return to life play for disney over a netflix. does that come into play, weiss at all i mean, look i don't remember the last time you had a slew of sort of cautious notes from the street about netflix. so i can't, you know, speak to the historical value of that, but bank of america on netflix today lowering their sub outlook for 2021 ubs still see muted risk reward, forward picture, short term remains unclear. i mean, i'm not used to

the thing that makes it different for disney this does not work better for disney despite the fact that i respect the hell out of him and everything he says is that with success, there is no cost to netflix. with streaming success for the legacy media companies, there is huge cost and that cost is being ignored. what we've known already is that the court cutting disruption is obvious ly breaking havoc on the network business what we saw this quarter is that hbo decided it could not compete in streaming without putting all of its movie slate on hbo max. i think disney is likely to follow that. they're toying with it a little bit. they talked about all kinds of flexi flexibility. when you think about the cross to the legacy business, the unramg of the cable/satellite bunting, not being able to look at what's driving the huge sort of values for disney and other companies. what it means in terms of having to forgo all licensing costs to external parties that cost is meaningful and it's not being factored in. now, the subnumbers people look at are the headline things they're meaningful but n

and if disney, as i mentioned before, is disney is spending that amount of money, the highest rate in industry, is netflix going to have to go from 15 to 18 to 25 billion in content? where did that stop? so i think the story is focused on unlimited pricing power for netflix, getting to $30 of earnings at some point we just think that the risk is to the downside there in terms of really the upside in terms of how much you're going to have to spend in content to drive the subscriber estimates we have. >> the results are fascinating we appreciate you joining us to talk through them. thank you, sir >>> the dow picking up steam this afternoon, gaining back some of yesterday's rather steep losses we've got more on the markets coming up. and as you see the dow up 199, you can always listen to us live on the go on the app we'll be right back. your grooming business is booming. you need to hire. i need indeed. indeed you do. the moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base. claim your seventy-five-dollar credit when you post your first jo

netflix and disney are global and got big scale.here is another big group that is fighting in that space we're one of one we are in the nonfiction, real life entertainment space and people spend about 45% of their time watching scripted series and movies in the last 20 years. but they spend 50 or 55% of their time watching our stuff. that's why we did over 1,000 hours of originalals. we picked up history and with oprah and chip and jo and we put it together and we believe we'll let the rest of that group fight out scripted series and movies. but we have a great lane in the u.s. and around the world and that lane is that we're -- we have great content that people love, 90-day fiance, chip and joanna gains and oprah winfrey and we're different. we have basically everything in our category people are starting to see that today. verizon saw it we sat down with hans and with his entire team and verizon is the number one direct to consumer platform company and marketing company in america and they choose us they chose us to co-market, to

finally this hour disney is removing access to carting favorites fearing they could be criticized as insensitive to modern audiences saskia taylor looks at how far the rush not to offend could go. i was today years old when disney took a sledgehammer to my childhood memories having multan over for a few decades the family friendly entertainment giant has finally decided that peta pounds appropriating cultures like that going out of fashion dumbass friends are all racist and so were the aristocrats oh and if you want any of these films before you're 7 years old you will be too can we collectively see you disney for teaching us the wrong values when we were kids i mean without dumbo maybe today he could have been a much better person the disney plus streaming platform is restricting access to the on the sevens to a number of films it says depict harmful stereotypes because if you thought dumb but was an ode to the town or love you clearly missed the bugs mocking segregation in the south. or heard. one. peter pan playing dress up should have sent the alarm to think about was ringing. an

disney becoming for netflix's crown? todd gordon, and quinn petro of jewel financial todd, let's start with you i'm curious about your positioning currently of 234e9 flicks, do we need to worry about this rivalry which do we think is most at risk as we get further into the year >> hey, josh, nice job too i don't think it's an either/or. it's not just about streaming. disney media this year did about $20 billion in sales, last year about 17 at park resorts the year before that, they also did about $27 billion. obviously a vaccine roll-out is being priced in. if we think back to the lows, knowing the country was going to be shut down, would outpace netflix in net gains disney is up about 90% from the march flows, while netflix is up about 60% they're both about 20% from the highs i don't think it's either/or they're serving two different demos. disney is family oriented, they watch the same shows over and over again they have the ability to monetize the content through predict the franchise -- i have, netflix dominates the

richard: i think disney is starting to get it.ent to get into the streaming business, you start to realize this is a huge opportunity. when you look at the revenues of netflix anything about the subscriber base already up to 200 million subscribers, charging $15 per month. but globally 11 or $12 per month on a global basis. the scale of a revenue profit of a subscription business, it versus traditional movie business. you hoped and prayed that it works. you hope that he gets a dvd. you market it again. that business is so much worse than the subscription business. disney just announced last month that they are doubling their content spans for direct to consumer. i think our top 2021 predictions we think at lightshed that disney is going to move its major films to streaming. my guess is that you will see" black widow" go straight to disney plus. 2021 is a year the all-city is a start to realize that the need to figure out a new solution. the traditional window of home media and -- there is a much better business and scale than the

how worried should netflix be about disney, a massive traditional media company and its upstart disneyice? >> i think it's a great question what covid-19 has done is actually opened up a lot, it's a runway much broader for, you know, both disney, and netflix, and i might add other, you know, companies as well. so i think the point you made is quite -- makes a lot of sense to me netflix now having this positive cash flow. we have them actually next, you know, two years, converging on an evaluation basis with disney. circles back to the whole point of thinking more of them as a traditional, you know, media company even though they are not. but based on valuation, and where disney's trading, we think there's a whole lot to be said in terms of peer-to-peer comparisons, so they can sustain the positive free cash flow and continue to grow their revenue and expand their margins, you can begin to make a case that the valuation metrics and peer comparisons should be very different, and you should actually be thinking of them along the lines of disney being one of their kind of neck-to-neck comp

is disney say there were though violent tribes in africa?s was over seen and created by walt disney himself this 1955. here's how he explained it on tv. >> is it started with an idea that sprang from our through life adventure film. this is a cannibal chiefton. >> laura: they should have had the founding fathers attack the boats. >> this is my problem. if there is a sensitivity to something in these attractions put them in context but don't rip them apart. walt disney is a vision that captured the world like rock well or armstrong. >> laura: biden ink is alive and well. the way the family is cashing in on the big biden name. and his family they are a walking and talking conflict of and. they -- interest. >> there are serious violations from day 1. >> it's okay for nepotism in the trump family but it can't happen with the biden family. >> laura: we know that the trump family business lost money while president trump was in the white house. on the other end of the spectrum, business is booming for biden inc. we have known that joe's brother ja

you know, we work for disney. abc is part of disney. marvel is part of disney.eah. >> jimmy: i really don't know anything more than anybody else does. can you say anything, can you tell us anything that hasn't already been revealed? >> no. >> jimmy: no, okay. >> you know that. but i think i can say it's wanda and vision living their sitcom dream. >> yes. some of them are set in the '50s and they progress along decade to decade, is that correct? >> yes. we cover all of american sitcoms starting with the '50s ala dick van dyke, and we progress to the oughts, and there's a reason for it. it's not just a fun trick we do. we try to film each episode kind of as authentically as we could do each decade. then the '50s we filmed in front of a live studio audience. and filled with so many ndas. and it was really strange and fun and had practical special effects on strings and the whole thing was just -- it was so silly and so much fun. >> jimmy: it seems like fun. we have a clip that has not been seen. so i don't know, have you seen this clip? >> i've seen a lot of the sh

disney classics are now banned. peter pan and dumbo and many more family favorites violate content advisories for children. we'll dig into that cultural question coming up. ♪♪ this is what community looks like. ♪♪ caring for each other, ♪♪ protecting each other. ♪♪ and as the covid vaccine rolls out, we'll be ready to administer it. ♪♪ here's huge news for veteran homeowners. introducing refiplus from newday usa. we'll be ready to administer it. refiplus lets you refinance at record low rates to save money every month plus you could get an average of $50,000 cash. that's money for security today and money for retirement tomorrow. refiplus, it's only for veterans and it's only from newday usa. ♪ ♪ when you drive this smooth, you save with allstate the future of auto insurance is here you've never been in better hands allstate click or call for a quote today >> bill: super bowl ready to go. a great match-up on paper. brady heads for his 10th super bowl appearance. patrick mahomes tries to win in two titles in a row. w

it really well run disney is weird.nk this would be a textbook pandemic play not a great time for the movie theater business but disney launched a popular service, the stock recovered from the march lows and a pfizer vaccine data disney seems to expand on the earnings, a lot of people want me to like amc which is a little stock that can run here. i don't know it the same group that wants me to recommend blackberry and gm what else do they like whatever i don't want to do anything more than say that's what they're thinking about but i know that's what they're thinking about. let talk about the stock they should be thinking about nike before we saw the light at the end of the tunnel, nike was making highs as china bounced back and leisure became the style of choice for people working at home the stock is expensive nike shoots lights out like williams-sonoma these are well run companies that have figured it out thanks to the pandemic, they cut out the middleman and sell the product direct to the consumer we're not going ba

walt disney worked on the ride?s wild weather coming up. >> and looking at dry and quiet conditions for now and it's very cold as we start off the day. we are looking -- this afternoon. let's get right to it here. live look with our mark hopkins hotel camera looking at san francisco. we are looking at temperatures down to the 20's, 30's and 40's this morning. it's definitely that cold start to the day. concord at 34, oakland 42. subfreezing in livermore at 31. 41 san francisco looking at 34 degrees in san jose and down to 28 in santa rosa. because of the cold temperatures, a freeze warning in effect for all of the inland valleys. the santa clara valley under that freeze warning until 8:00 a.m. today. now let's get right to the storm event that i have been tracking for quite some time looking at the storm timeline for you. that rain moving in, this afternoon, the heaviest rain, the strongest winds tonight will continue. still looking at unsettled weather as we look to the rest of your wednesday and thursday. because

if you talked to reed hastings directly he will tell you that disney+ or disney is the company that hesely as a direct competitor given their ip and how well they are pulling off their new service. just mention mentioning it is a big deal look i think they are going to be losing market share but they got such a huge headstart, especially this the u.s. in the you can area that they are not going away their growth will be slower going forward. i think yeah, if they think in terms of as far as their story the free cash flow story i think it is going to be more of the latter doing forward once you hit that mark. and then now we are just going to be comparing you know, how -- [ indiscernible >> we lost your audio but we got the point. little shaky there on the audio, ed thank you. as netflix surges now, 10%, after hours. >> sorry about that. >> lindsey, ed, we appreciate ifltd we will have more on netflix throughout the hour. >>> up next, the chairman of interactive brokers on the company's earnings they were just released. thomas peterffy is going to join us to tell us what it means about

disney could be poised for a major bounceback in earnings, getting an upgrade at ubs. price target goes to 200 from 135 the company's outperformance in dtc and the eefrpt all recovery to the park side of the business the stock, meantime still sitting at 5% from recent highs and walmart also about 5% from recent highs as jefferies names the retailer the top pick for 2021 the price target here also $200. the note essentially saying, scott, the retailer benefits from itsphysical stores and that walmart's investments in digital and omni channel offer strong margins and they still have the tiktok partnership. >> rahel, thank you. good weekend to you. we'll see you next week. jim, we know you own gm. >> yes >> and you still like it better than ford, yeah? >> yes yes. and the reason for that is very simple it's the cruze division which is the autonomous division which gives secret sauce to general motors by the way, scott, thank you for the nice comments. i did catch that and i do appreciate it. it's ford, gm and volkswagen and it's all coming up with a slew of electric vehic

we were talking about disney, money moves, money talks and disney is so fed up with the state of californias from their, so if you are really strict businesses and people will not obey it. stuart: you have to open up sometime, do it now. thank you. still ahead on this friday show, tammy bruce, florida senator rick scott, charles payne will be with us and also steve helton. look at this, almost a year into the pandemic, that is six avenue in new york city at 10:00 a.m. deserted. my goodness me. never thought i would have seen that. more "varney & co." after this. ♪♪ .. metastatic breast cancer is relentless, but i'm relentless every day. and having more days is possible with verzenio, proven to help you live significantly longer when taken with fulvestrant. verzenio + fulvestrant is for women with hr+, her2- metastatic breast cancer that has progressed after hormone therapy. diarrhea is common, may be severe, or cause dehydration or infection. at the first sign, call your doctor, start an anti-diarrheal, and drink fluids. before taking verzenio, tell your doctor about any fever, chills, or o

francine: you mentioned disney plus. how is amazon doing? soon to know who will make it and who won't? alex: i think amazon is a different proposition because amazon is trying to make money -- it's way of getting money into amazon prime, then it makes money on the back end by getting people to order products, with rapid delivery there. amazon prime is maybe losing a little bit of luster compared to significant investments being done by others, but it has of course deeper pockets of amazon behind it. the bigger question is perhaps if you think about the fact that netflix borrows something like $15 billion to invest in content over three years, apple has very deep pockets. at the moment it is spending a lot less than that but could decide to flip the switch and accelerate it, given that it is seeing now that netflix is able to become cash flow positive. that has been the question mark, the sustainability. does it have a way of becoming profitable? perhaps apple will continue -- will consider flipping the switch and doing the same. francine: al

when fox -- when the old fox merged with disney, they had to sell their regional sports networks.s, they have rights to buy the stock. bally's stock has gone from 30 to 55. i think when people watch the game with the bucks against the packers, they've got to bet on it. and if they're betting on it, they're going to watch and it's great for advertise thing. you've got 32 small cap stocks, 80 million plus shares, and that's what we like. we also like the infrastructure for the betting industry which is a company called gan, it's a $22 stock, be careful when you're buying it, it's very volatile. jack: aaron rodgers and tom brady, that is an exciting match ifup. we have got some otherral stars, and we're going to do a quick round with them. carlton, you've got a pick that caught your eye in this week's story. >> yeah. temple on the is looking at the emerging markets bond fund. it yields about 4.4%, that's definitely interesting. she also likes what she calls the option of dollars nominated and local currency denominated that that fund is holding. jack: and, ben, what caught your eye i

around the reopening of disneyland and disney california adventure. if you have one of these annual passes you will get a refund. the company says it is alsoeure. s aid asasve covid-19 vaccination site. >>> here is that wild saga involving a pigeon. >> a pigeon named joe biden may be getting a stay of execution in australia after u.s. officials claim his identity is a fake. we're going break this down for everybody. joe biden is a racing pigeon believed to have flown 8,000 miles from the u.s. to the land down under. a man in melbourne found him and said he was registered to a man in alabama based on his identification tag. the morning the american racing pigeon union has spoken and said the bird band is count fit. not american. bird racing experts say pigeons generally don't cross large bodies of water. >> pigeons don't like to travel across water. and a pacific ocean is pretty much of a barrier. >> so the initial belief that joe was american put his life at risk because aussies believed he could carry diseases from the u.s. to other birds and poultry

plus those people are now paying for disney plus. they are offering discovery plus as well to their subscribers. john, i am curious what your thoughts are in terms of 5g, which has been a big question mark not only for verizon but for all of these care whiers. >> i'm curious about the read-through we are expecting apple earnings and that stock has been near all-time highs in terms of this super cycle. you would think since phones are supposed to be the salesmen for the network that if apple's 5g phones are doing well, that verizon and carriers like it would be adding more subscribers, julia so i am curious what that dynamic is, if it's a different class of subscriber that is not taking the bite bait or what's going on >> john, we will tackle with this hans vestberg, who is joining us now that earnings beat not enough to prevent the stock from declining the morning. joining us now to exclusively discuss all of this and the year ahead is chairman and ceo of verizon hans vesberg >> great to be here, julia >> so, hans, we were just discu

disney+, hulu, espn+ y ahora el gaming que toda la familia quiere, gratis. 5g de la red en la que más gente confía. solo en verizon. vtienen sensibilidad dental así pcomo problemas de encías. ¿me preocupa? por supuesto. sensodyne sensitivity & gum nos da el efecto de doble acción que de verdad atiende tanto nuestra sensibilidad dental como nuestros problemas de encías. no hay duda de que es algo que recomendaría. soltera.

let's talk about disney+.rder bureau, have my handout. disney+ winning the streaming wars last year out of the top ten movies that people spent time watching, disney had some wood to of the most-watched animated films, frozen two in lawanda and the man delorean, this is actually netflix lost in the weekly streamed hours grew less than it did last year some of the hours are going to disney+, netflix had a record number of subscribers in the first half and record number of streamed hours during the covid lockdown, 195 million monthly paying customers, disney+ had a blowout 86 million sign-ups in the first year of business and more competition as we know, hbo max, peacock, new contenders. stuart: thank you very much susan, coming up next we will show you a robot that vacuums, does the dishes and pours wine. we will show it to you. ♪ ses a little easier, with the vitamins and supplements you may need. now get a $10 gift card when you spend $30. cvs. healthier made easier. a must in your medicine cabinet! less sick

disney entertainment and her empire as executive chairman bob iger saw his 2020 income slashed to disney is cutting bonuses and other payouts due to the pandemic mr iger earned $21000000.00 less than half of his earnings in 29 t. the german government is providing farmers was more than 800000000 euros and targeted subsidies to invest in new farm technology but the application process shows just how far behind europe's biggest economy is when it comes to getting things done on the. left is a family business in southern germany it makes agricultural machinery that's good for the environment to help farmers avoid herbicides it offers this device that destroys weeds mechanically it's just the sort of thing that government didn't perlin once farmers to buy so it offered them 810000000 euros in subsidies to help them but there was a catch they had to apply online. because of the rural internet connections in germany are so poor the system kept crashing right when only farmers were trying to access the site it was an extremely unpleasant experience for farmers. and in places with poor internet

he of dumbo as a kid not love dumbo i think he was my favorite disney character i also remember that i cried a lot in that yappy yeah it is sad moment yes the thing about it is the theme the ringmaster yes on the ring mr domenici brothers circus very bright very big very energetic very up it's funny it's like all the good but there's that couper thing that is the always had which was you know he's he's illuminating like the very same problems very like sensibilities sensitive moments that we have in regard to the other like dumbo's born he's got these big years he's he's an oddity illuminates the xena phobia in each and every one of us you know it's like the fear of the other the fear of the the the something that's not like us and then there's that one moment i know that this is the one that really cheered you up i'm sure is when the baby is separated from his mom you know it's like a real hard to find thing magine that somebody would take a baby and separated from their mother. unfortunately you know what we're experiencing now right now where the border. you know i'll just say tha

speed to the classic disney found, "dumbo" and a few others now blocked from kids on disney plus. content advisory team some of its classics for what was calling "negative depictions of people and cultures." michael, hi. good to have you this afternoon. you see this, and you think -- disney plus, by the way, it is incredibly popular with families of young children. a lot of people do look to this, south what did you think of disney making this decision? >> this is i really, really bad call by them. there is this new trend of corporate virtue signaling, and that's all this is. this is just disney pretending to show how much they care. really, slapping warning label on "peter pan" and "dumbo"? that's your top priority? how about you worry about important stuff, like how to make the park affordable for me and my family. how can i get in my taking out a second mortgage? but no, they are going to slap a warning label on the beginning of "dumbo." how about you explain to me how is it that because he a dog but pluto is a dog, only because he can drive a car? >> sandra: that is a mystery,

disney says update will reflect the diversity of the world around us.ures that stay true to the experience we know and me and more wildlife. i can tell you all about this if you ever want to just talk to me about it. >> i'm sure. play by play. >> uh-huh, yeah. >>> new at skv you may have heard of a drug called remdesivir. now a team at ucsf says a different drug is much more effective. >> the minneapolis chief of police who handled the police killing of george floyd could be coming to the bay area. eeng with the stormt considering watch. heavy rain will bring the threat of mud slides with it. extra precautions being taken in the north bay. >>> and leaving you with this live look after still for skinu back don't settle for silver #1 for diabetic dry skin* #1 for psoriasis symptom relief* and #1 for eczema symptom relief* gold bond champion your skin they said it couldn't be done but you managed to pack a record 1.1 trillion transistors into this chip whoo! yeah! oh, hi i invested in invesco qqq a fund that invests in the innovators of the nasdaq 100 like

, who by the way stuart, i like disney and i've always liked disney.y have done a lot of things right. now they are putting themselves in the place of appearance to be the arbiters of what is right and what we can show our kids instead of using these films with these great great messages to teach kids and to help them understand and think for themselves. they are on a slippery slope here because there's hardly any films that don't have something that someone will be offended by. stuart: you are a big crypto guy , big supporter of bitcoin. i want you to comment on jalan-- janet yellen who suggested curtailing crypto. the big question protection-- picture question is this, can a united states that secretary kill a cryptocurrency? >> first of all, can she loses sleep at night knowing there's a currency she can't control and manipulate, but what she exactly said was that people were using the coin for illicit purposes. that's what she said. now, the irony to what she said was that same day black rock which is the largest money manager in the world that man