at disney headquarters in burbank, california, 11:00 a.m.n wall street, and "squawk alley" is live ♪ ♪ >> happy wednesday i'm jon fortt with carl quintanilla and deirdre bosa huge hour ahead. rob chapek breaks some news with us first on cnbc in the second hatch of the hour. later, uber makes a big concession on its drivers in the uk and coming up, a look inside the world's first ever nft house but we'll begin with antitrust carl >> yeah, indeed. four more states joining that lawsuit against google and its dominant ad business this morning. our next guest has been all over this and said yesterday with a piece that detwitter was abuzz about how washington fumbled the future, how regulators blew their opportunity to break up google in the last decade. the author, thanks for joining us >> thanks for having me. >> talk about when you believe that window was, to what degree that window is now closed and what regulators missed in the midst of all that. >> yeah. the federal trade commission is one of two federal agencies with antitrust had a big inv

what is disney?edia company, entertainment giant, if you look at it shareprice against netflix which it is trying to catch up with in the streaming space. and also six flags, of course a theme park company. you can see six flags has done us honestly well, netflix which -- done extremely well, netflix, which did so well at the beginning of 2020, the stay-at-home trade, disney is somewhere in the middle. as long as we are stuck at home, we are watching things on disney plus. as the economy recovers, look at the middle of the pack, it benefits from that reopening and other business areas that recover, like cruise ships, like parks, like merchandise. it has adapted and pivoted during the pandemic. but what happens when life goes back to normal? that is what i want to know. disney. emily: right, the company is so different than it was one year ago. thanks so much. i spoke about all of that with the ceo of disney earlier this morning. he expressed his optimism about the reopening and what the rest of the y

i like disney's growth >> can disney or netflix, dan?minute i'd say net flicks stock gapped up, new all-time high, i think we were talking about that, who the incremental buyer is at this point you say to yourself, there's a lot of things firing. let's go back to tom rogers, the stud he would say this is a great spot let's go back to what james started this conversation about disney is that disney plus is less than 10% of their overall sales. when you think about their opportunity to monetize those users, i am super bullish on their opportunity here and the cross selling, but when you think of netflix as a pure play, i think netflix makes sense right here i think disney will catch up in a lot of ways. i think it's a big mess right now. when you think of all the unbundling, the cable bundle, when you see all the content that's being grabbed back as these new products launch, we're going to see massive rebundling at some point and maybe netflix takes advantage. >> here's what's coming up next. >> it seemed the unlikeliest of calls six mont

disney embraces diversity and an attempt to tackle. it's racist past well have a look at the studio's latest here on arts and culture and made in bangladesh a bangladeshi filmmaker takes on exploitation in her country's garment industry. and we'll meet a young brazilian dancer who soars beyond her supposedly imitation it's. just how offensive our old cartoons where warner brothers has now announced that pepe le pew the amorous skunk who 1st appeared in 1905 has been canceled from the new space jam sequel critics nowadays say the character promotes rape culture well and over at disney they're going further and addressing old offenses for months now disney plus has been putting warnings on some of disney's most famous movies saying that they contain racist stereotypes that the company at mit's are wrong doesn't is focusing now on getting it right here's a look at their new movie right and the last dragon. brave warrior ry assets off to save the world the fact that she's a woman is no hindrance it's not even anything special it's simply n

disney embraces diversity and a time to tack. it's racist past well have a look at the studio's latest here on arts and culture and made in bangladesh a bunker that she filmmaker takes on exploitation in her country's garment industry . and we'll meet a young brazilian dancer who soars beyond her supposedly imitation it's. just how offensive our old cartoons or warner brothers has now announced that pepe le pew the amorous skunk who 1st appeared in 1905 has been canceled from the new space jam sequel critics nowadays say the character promotes rape culture well and over at disney they're going further and addressing old offenses for months now disney plus has been putting warnings on some of disney's most famous movies saying that they contain racist stereotypes that the company admits are wrong dozens focusing now on getting it right here's a look at their new movie ride and the last dragon. brave warrior ryan sets off to save the world the fact that she's a woman is no hindrance it's not even anything special it's simply not an

on some of disney's most famous movies saying that they contain racist stereotypes that the company admits are wrong dozens focusing now on getting it right here's a look at their new movie right and the last dragon. brave warrior ry assets off to save the world the fact that she's a woman is no hindrance it's not even anything special it's simply not an issue. you were in school with oh. well the film has its share of disney style women's eat raw is a cartoon heroine for a new generation. everyone is really beginning to have a vision for this movie definitely different from everything that we started to start we thought up and see when we only think of the words just the prince as we begin to specific genre of film so yeah i think everyone was really calm is that it's not just wanting it to be. a film that authentically represented us a very specific special part of the world but we also wanted it to be different my girl ryan are going to fix the world bringing everyone back the team behind the film was inspired by various asian countries that's also represented in the casting part

disney land disney's california adventure. they are opening their doors in just 6 weeks.ing that big announcement this morning saying of course, safety is the first priority both parks will be open at just 15% capacity and only californians will be able to buy tickets. so mark mester is in anaheim with more details. >> this is very exciting news for disney and also for the millions of californians who now have the option starting april 30th to bring their families and their loved ones to the happiest place on earth. in addition to that, it's also good for the local economy here in anaheim, consider this local restaurant, this ihop. they just started welcoming back customers for indoor dining following those lifted restrictions, meaning this opening couldn't come any sooner. >> after year being closed. i am absolutely thrilled to say that we're going to be welcoming our guest on april 30th back to disneyland. >> disney ceo bob breaking the news to cnbc this morning that disneyland will reopen to visitors starting april 30th. >> right now we're starting with what they say i

i mean, one thing people have always said about disney movies-- and disney themselveses have made funking ass, all different types of women, all these princesses as we know them. no, these are warriors who just happen to be the daughter of the ruler. >> yeah, which i am so stoked about. i think something that was really important to me coming into this-- and also really important to disney as well-- is we really are really trying to change that narrative. like, what do people think when they think of the word "princess?" what do people think when they think of the word ""hero." and they see raya and all these other characters and i think they're broadening the idea of what instinctively what people think when they think of those words and it's so cool to be part of that change. >> trevor: you're going to be carrying your life on now. you're going to be lurking on line. what advice do you give to young people out there who feel like they have to be on social media to stay connected with their world, but also search with the enduring abuse that might come their way. >> yeah, i think it'

disney embraces diversity and an attempt to tack. it's racist past well have a look at the studio's latest here on arts and culture and made in bangladesh a bungler does the filmmaker takes on exploitation in her country's garment industry. and we'll meet a young brazilian dancer who soars beyond her supposedly imitation it's. just how offensive our old cartoons or warner brothers has now announced that pepe le pew the amorous skunk who 1st appeared in 1905 has been canceled from the new space jam sequel critics nowadays say the character promotes rape culture well and over a disney they're going further and addressing old offenses for months now disney plus has been putting warnings on some of disney's most famous movies saying that they contain racist stereotypes that the company admits are wrong disney's focusing now on getting it right here's a look at their new movie ride and the last dragon. brave warrior ryan sets off to save the world the fact that she's a woman is no hindrance it's not even anything special it's simply not a

shannon, you own disney and las vegas. let's start with you kevin owns disney. maybe he wants to chime in as well. >> absolutely. i think if we think about reopening stocks, i think i played my hand a little earlier. i'm really also not interested in the airlines or hotels. i feel like if you look at cruise lines, there's a lot that needs to happen in order for those companies to return to the profit margins that they had prior to the pandemic. however, disney has a new investor an ninvestor not just looking at the dividend stock but benefit from the spend they put in disney plus and get this parks revenue, this cash flow, we could see a return to a small dividend or we could see them pouring that money back into disney plus which is clearly doing well, and so i think that that's why i like disney i think it's an execution story for the business i own baba as well i like the chinese reopening and the continuing expansion of back to macow those are great ways to play something rather than look at all the consumers going out there and traveling, making up for the

while the film has its share of disney style whimsy riaa is a cartoon heroine for a new generation. everyone is really beginning to have a vision for this movie being definitely different from everything that we sort of historically thought up and see what we can we think of the words just the princess we begin to specific genre of film so yeah i think everything has really come is that it's not just wanting it to be. i a film that authentically represented as a very specific special part of the world but we also wanted it to be different my girl ryan are going to fix the world bringing everyone back the team behind the film was inspired by various asian countries that's also represented in the casting part of the reason why this production has given its actors hope for better representation as asian american performers we just want there to be more because the landscape has changed so much from when we were kids and they were literally you can count on your hand how many asian american actresses or actors are in the mainstream media and so to now they're being. just so much more in

in control here >> disney's definitely in control here and it's a win-win for disney.at's the 16, $17 billion number under normal circumstances as the vaccines roll out when you look at the movie theater aside they either have to a, reinvent themselves or b, a name like i-max is a different 1k35 experience than sitting at home. you can make the case the other theaters be under pressure a movie theater like i-max is an experience you can't replicate at home so i give them the edge over the rest if the movie theaters can indeed survive. >> coming up counting down the next trader favorite name. and are you going in with pete let us know on our twitter poll at cnbc "fast money. it's moving day. and while her friends are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. it only takes about a minute. wait, a minute? but what have you been doing for the last two hours? ...delegating? oh, good one. move your xfinity services without breaking a sweat. xfinity makes moving easy. go online to transfer your services in about a minute. get started t

disney's ceo said it will take time to get disney land ready to reopen. that includes recalling 10,000 furloughed casts, and retraining them to operate a according to the state's new requirements. we're ready to get back to work and make magic for our guests. he says when the happiest place on earth reopens. some of the happiest people will be cast members like him who were furloughed in march. we're all probably, as of right now, on stand by right now, it just depends on the timeline of things, when the park opens. but hopefully entertainment will come back this summer or possibly in the fall. under the state's new guidelines, disney land and other theme parks may open at 15% capacity when counties enter the red tier. no indoor dining will be allowed. and guests must also stay in small groups with the maximum of ten people. in the red tier, theme parks would only be open to california residents. >>> it's really just about getting it right and just trying to stay safe about it. and i think it's definitely the appropriate time with the vaccine out now. and

to get a retail storefront inside of disney, because what you have in that particular case of disneyt-in traffic. >> absolutely. >> in order to take your business to a national brand, you have to control the money and then control the inventory. but more importantly, you have to have a single focus on one product. you should become known as the popcorn lady. if sharla wants to be profitable, she's got to get out of other things, like crepes and funnel cakes. and she can't be doing this fair business. i mean, it's a total time and money distraction. >> i would agree with you that popcorn is the staple of my company. the crepes, on the other hand, to me, is a pretty significant part of my business. >> how much revenue will you do? >> probably about 600,000. >> of the 2.5? and what's the margin on it? >> 9%, at most, on that. >> netting 9%? >> he's always wanted me to sell the crepes out of the business. he thinks it's not profitable. >> i just think that letting go of that responsibility would make the most sense. >> that's right. we have two sides of business here. we have the disney

plus disney -- california's

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plus is a sign that the audience for disney plus is so much bigger that on the company anticipated and company's original forecast because they said that they aimed to have between 60 and 90 million subscribers by 20204 and then they upped the forecasts in december and now they want 230 to 260 million subscribers by 2024 but now in 16 months in the launch of this service far exceeded their original guidance just means it is not a service for families, and they talked about that in the most recent analyst day, and not just a service for family and families for kids, but a service that can have broad appeal. >> i liked "raya and the last dragon" and it has not done well yet but when you are looking at the content library, and how much does that strategy play into this, and the more traditional media names out there, and the comcasts and the viacoms of the world >> i think that we are living in the franchise world, and julia, i think that disney sandbagged that initial investment there, and they set themselves up for success, and you have marvel and "star wars" and you don't think that yo

former top disney execs kevin mayer, who built a hugely successful disney plus streaming business, andas a public entity, and here today in a fox business exclusive the co-ceos joining us live on the launch of this new blank check merger company. great to have you guys, ken, tom -- kevin, tom, welcome. your spac was not only up upsized to $305 billion, but i understand the demand to get in was oversubscribed, and you had to turn investors away. kevin, what do you think is the biggest attraction to this spac? >> well, i think that we have a track record already with our first frx spac that was very successful. we actually are merging with a company called deep body and next finance in a three-way -- fitness in a three-way merger. and i think that, you know, the track record of tom and myself in terms of our ability to operate companies, to see around corners, to be comfortable with the intersection of technological change and shifts and traditional business models, all that, i think, makes us -- i think management teams would like to have us involved in their companies. liz: kevin, you

by delivering the same disney magic you expect.ve been in a fortunate situation where we have a lot of demand in the past. that has exceeded what we can actually supply in terms of how many people we can put in the park. there has been no situation that has been more like that then we have had upon reopening and having to operate under tight constraints. we have gotten better at it. it is going to create re-emergent scenario where magic is going to be greater for our guests when they do come back to our parks. >> disneyland paris looks like it will be the last to reopen. they were scheduled for april 2. do you think it will be open -- it will be >> open for summer? >>we certainly hope so. we follow the guidelines of local governments and local health agencies in terms of telling us when it is safe to reopen. i agree that will probably be the last of our parks to reopen again. when it does, we will be there to operate responsibly and make sure we have magic for everybody. haidi: that was the disney ceo speaking with emily chang. com

enthusiast's remember in downtown dizzy and it disney in anaheim. >>a lot of season pass holders so those people you know 10 times a year and they've been able to come to the park. they're going to be thrilled to be coming back. >>disney profits are down 99% over last year's 1st quarter but from the sounds of things they should pick back up soon even from those who have been taking advantage of the downtown disney shopping and eating area at no charge. >>it's still free for now, but one says are charging all even the nicer probably would pay to go in. so yeah, it's still rough and innovative most of what would you say are going to pay to go even though he says just problem i probably for him not for >>that was jeff mills reporting for us tonight, we'll come back now here to the bay area because 6 flags discovery kingdom will also begin opening up some of its rights next >>all right, let's talk weather again this saturday night at 9 o'clock, here's mabrisa. >>yeah we're going to track a cooler forecast for your saturday night widespread low to mid 40

raya and the last dragon is in theaters where available and also on disney plus premiere access, disney is the parent company of abc 7 news. >> received really good reviews and aquafina plays the dragon. can't mess with her, right? >> i'm ready. >> i knew that voice sounded familiar. i'm, like, who is that? >> yeah, yeah. >> aquafina, very nice. very nice. all right. can't wait to see that. we got the season finale of wanda vision tonight. >> because of you all, i started yesterday. >> it is so weird, right? >> it is. it takes a while to get to it. i am, like, what are they having me watching. and now i'm intrigued. >> uh-huh. >> so good. >> it is very, like -- >> i'm on episode three or four, i think. mm-hmm. >> okay. all right. so you're understanding where it is going. that's good. yeah. all right. a lot to do tonight since it is going to be raining, why not stay inside and help us out a little bit here at disney. here is a look at what's going on at san rafael. we're looking south at mostly clear beginning, clouds on the increase today, a nice southerly breeze, temperatures pretty m

tickets for a touch of disney are sold out. >> we knew that would happen. people are dieing to get back to it. >> a little pent up demand i would say. >> yes the 7pm news, weeknights on kpix 5. >>> the late show is next. >> still time (male announcer) up next, how would you like to get the celebrity secret for ageless skin? (female announcer) find out how in this paid presentation for meaningful beauty. (male announcer) as cindy crawford unveils her newest youth activating breakthrough. (female announcer) and watch what happens when cindy invites grey's anatomy star ellen pompeo to try the evolutionary secret

from the comcast perspective disney has gotten credit for disney+. great early success and should get a lot of attention once the olympics come this summer. >> finally on disney, did we learn anything about them reinstating the dividend >> they haven't said when they will but the reopening is a very positive step for both disney, comcast, and any of these companies affected by reopening. this is a really positive move for all the studios. i mean, reopening of movie theaters, getting the movie business back on track, film and television production. hollywood has been shut down so -- i mean, it's clear the balance sheets -- well, disney can comcast have very strong balance sheets, but for the industry i think they will get a lot stronger over the next year or so. >> jessica, thank you for joining us much appreciated. >> thank you time for a cnbc news update with rahel solomon. hi, rahel. >> hello good to see you. the fbi released new video the person suspected of planting pipe bombs at the capitol on the night before the capitol hill riot they are offe

tickets for a touch of disney are sold out. >> we knew that would happen.dieing to get back to it. >> a little pent up demand i would say. >> yes >>> the late show is next. >> still time captioning sponsored by cbs >> nebraska is considering legalizing medical marijuana but not everyone is for it. nebraska is pushing back on the idea claiming it would lead to the death of kids. >> this is a dangerous drug. legalize marijuana, you are going to kill yourself. >> this is youred buddy detective mcgraw speaking on behalf of governor ricketts, stay away from marijuana or it will kill you. because if you smoke pot you get the munchies. you go to the kitchen to make a pb & j but hey, maybe are you out of jelly so you rifle through the cabinet and find some honey instead. you spread that on your sandwich and it kind of makes a mess. before you know it you are covered in honey. and who is attracted to honey? bears. a bear gets a wh

at 195 seven or eight bucks from getting back to its 52 week high why the disney trimming? >> just looking at it in terms of portfolio construction and risk and reward. if we look what's happening from a disney perspective we're going get increased park revenue we're going see people coming back to the parkes we're looking at a re-emphasis on direct to consumer in the streaming business and just feel there could be some short term consolidation as people take sigh of relief you get park revenue back. people have been very focused and actually perhaps over focused on the shift to streaming as we move into a period where i think there are going to become questions across streaming companies over the level of digital engagement over the summer to fall it won't produce a significant number of increase in subscriber turn for disney plus or netflix but it will weigh on the sentiment because i think now you're asking investors who perhaps moved out of disney because they wanted to he see that park free cash flow and perhaps a dividend you're asking them to come back into the stock

james longwood, abc7 news. >>> and now, a new disney movie about a southeast asian princess. we will give you a sneak peek. and look at the california phones offers free specialized phones... like cordless phones. - ( phone ringing ) - big button, and volume-enhanced phones. get details on this state program. visit right now or call during business hours. has anyone seen my reggie miller bobblehead? you'll never believe it. reggie miller is moving into the wendy's i work at. look down there. he says he's here for "march madness" but he definitely chose us for the breakfast. hello? my.. bobble.. head! the tournament doesn't start for like a week. found it! it's going to be a long march. choose wisely. choose wendy's. official breakfast of march madness. boom, baby! now california phones offers free devices and accessories for your mobile phone. like this device to increase volume on your cell phone. - ( phone ringing ) - get details on this state program visit right now or call during business hours. >>> welcome back. happening today is san francisco's premier lgbtq is holding

enthusiast's remember in downtown dizzy and it disney in anaheim. >>a lot of season pass holders so those people. you know 10 times a year and they haven't been able to come to the park. they're going to be thrilled to be coming back. >>disney profits are down 99% over last year's 1st quarter but from the sounds of things they should pick back up soon even from those who have been taking advantage of the downtown disney shopping and eating area at no charge. >>it's still free for now, but one says are charging all even the nicer probably would pay to go in. so yeah, it's still rough and innovative most of what would you say and then are going to pay to go even though he says just problem i probably for him not for >>as jeff mills reporting for us tonight now back in the bay area, 6 flags discovery kingdom will also begin opening up some of its rides starting next month it all depends you know on the tier system so. the better the color the more people can >>a look at so let's let's it get the colors going. >>real quick, i've got to check in with >>y

that is why disney has been able to scale so quickly.but surely we on the street have realized not every machine is the same. you hit something. it is hard to distinguish. you know it when you see it. that is the other lesson of at&t/time warner. craig: it is a great point. this is not the first time they have done it. old-timers like me, telco try to get into the business in the late 1990's and it failed miserably for all of the reasons michael was saying. these companies do not do well in managing creative businesses. tom: we are out of time. let's do this again. let's do this again. this is affecting every single listener, every single viewer. moffett nathanson with us. wonderful research. do not ask lisa or me for their research, we protect the copyright of all of our guests. what did we learn? i thought that was superb. lisa: it is interesting sports is a key component for people keeping the bundle. about 60% penetration of cable, rapidly going down. the dam breaks when nfl goes away, when mlb goes away. that is a key question and a

one of my favorite examples is disney. if you take disney, the theme parks are closed.y is going to cinema, yet their stock is at an all-time high because they built a digital bridge with disney+, and how they have 100 million-plus subscribers. we are very proud to have played a role in that, in helping disney get those customers and keep them very happy. the thing is, as you order a service or do it online, you normally were doing it with unions. now virtual agents can take care of 90% of the process. that's a new business model. that scales. digital scales. caroline: bill mcdermott, ceo of servicenow. we look at digital scaling. technology was scaling today. is that going to be sustained and tomorrow we worry a little bit more about bond yields again? joe: you know what? i'm going to sleep in tomorrow. all the bond market -- all the problems are gone. the bond market has calmed down. what is even worth looking at? romaine: i like your enthusiasm there. joe: i'm sure we will have something riveting to talk about on this show. caroline: gamestop will talk. everyone can

you have to have the premiere package, right, to get it on disney plus?you got it. >> i believe so. >> yeah. >> yeah, all right. speaking of beautiful, check out this picture from the exploratorium. baby blues and baby pink off on the horizon, we anticipate a pretty colorful sunrise, hopefully, if you capture that, or if i do. i'll put it on social media. a canopy of clouds today, a little bit cooler highs as we have a slight onshore breeze unlike yesterday's offshore breeze. first sign of rain arrives friday evening. that means the weekend is trending drier as that storm could come in a little bit quicker, but it will be wet monday, tuesday, and wednesday of next week. wet weather today, from santa barbara all the way down to san diego. for us, we're getting into the cloud cover from that storm and nothing else. 64 to 68 degrees in the south bay. 60 to 64, quite a spread on the peninsula. look at those mid-50s, kind of a raw day along the coast. only upper 50s, that's cooler than average in downtown, south san francisco and sausalito. 64 to 68 through th

disney. >> and the anaheim economy. this is the start of the comeback of our city, our economic recovery. disney is the main driver of our economy here. we've seen on the negative side, the impact that it's had having the parks closed for the past 12 months. we had up to 20,000 people out of work. thousands of small businesses impacted. so opening safely and gradually. we will take it. it is the start of the economic recovery for our city. and that was mark mester reporting and that wraps up kron 4 news at 8. but our primetime news continues at the top of the hour. recent surge in violent robberies in the east bay being called a. >> played on the community. who's targeted a law enforcement agencies are working together to try to put it to an end. >> also the oakland coliseum no longer offering first doses of the pfizer vaccine shots that are now being given out and where you can go to make your first appointment we have >> when time from the bay area's local news station. you're watching kron. 4 news at >> whether it's

and speaking of disney, we are losing a beloved member of our disney family.dston, abc news president, is here in the studio for the last time. he's about to start another chapter. thank you, james. >> thank you, james. [ applause ] come down to the studio, you're fair game for our camera shot. we wish you the very best. thank you for everything you've done over these past few years. w will miss you. >>> we are going to move on now to the top headlines here on "good morning america" including the very latest on that tragic shooting in boulder, colorado. authorities say the alleged 21-year-old shooter had purchased the ar-style weapon just a week before. president biden now pushing for new gun control legislation. >>> also right now, the president and first lady preparing to host an event for equal payday later with megan rapinoe and other members of the u.s. soccer women's national team. the world cup champ is set to testify at a hearing examining that big pay gap today. >>> also, big moves on and off the court for the women's ncaa tournament. minnesota senato

and now, the first disney film surrounding an asian princess.how they made it in the pandemic. >>> and a look outside, and the sun suis up, and 6:39, and folks the world's first fully autonomous vehicle is almost at the finish line today we're going to fine tune the dynamic braking system whoo, what a ride! i invested in invesco qqq a fund that invests in the innovators of the nasdaq 100 like you you don't have to be a deep learning engineer to help make the world a smarter place does this come in blue? become an agent of innovation with invesco qqq >>> happening today, one of san francisco's premier lgbtq venues is holding a telethon. it is on the verge of ruin, and so they are holding a 12-hour telethon to raise $100,000 and they will have testimonials and a auction and live phone bank to preserve the theater. >> having a theater survive a labor of love, but this last year is showing how much we have to love it to make it work and we are doing that. >> san francisco has to think about what they want when this is over, because if we don't act,

. >>> disney once again delaying some of its biggest movies and adding streaming options. "black widow" the highly anticipated marvel movie starring scarlet johansen was expected may 7th to kick off the traditional summer blockbuster season. disney is pushing the release back to july 9th and says it will be available to stream the same day on disney plus for an additional $30 premiere access fee, similar to what they did with "mulan" last year and "ria the last dragon" early last month. disney will kick off this summer with "cruella"may 8th and available to stream on the same day for the extra fee. those are the latest headlines, back over to you. >> they should have gotten laura to play cruella, she dressed up as her one year and she was great and her kids were the dalmatians. >> i'm glad it's just about dressing up. >> i know! >> i was a little worried there, i was like what are you saying about laura? >> no, it was just the costume, just a costume. >> yeah, right. cruella comes out sometimes in commercial breaks. >> laura's nice. >> she is, very. thanks, bertha. >> unti

this is huge news for comedies like disney, universal. talk about this more later in the show. a reopening date as soon as april 1 for theme parks and stadiums. more later in the show. also coming up, we have seen big pushes for more diversity from the state of california. also goldman sachs, even the nasdaq, have transformed corporate america. president biden will pass -- be signing two orders to advance gender equality. we will talk about that next. ♪ >> on monday, the president will sign two executive orders to advance gender equality. he will also visit a veterans center. emily: press secretary jen psaki reiterating president biden plans to sign two orders on gender equity monday. this as large corporations have prioritized diversity movements. how are companies doing now? let's check in on the tech center with abby adler men. -- adlerman. i want to start with the california laws that have pushed for this to be a priority. are those laws actually working and driving a push toward more diversity? >> they are. i think we have a lot to t

disney and ceo bob chapik announcing 100 million disney plus subscriberses in the first 16 months ofnt. those are your headlines from here. back over to you. maria: all right, cheryl many thank you. stimulus is crossing the finish line, the house is expected to pass the $1.9 trillion covid relief bill later this morning with no republican support. this bill of course includes $1,400 checks. we've got $400 a month in enhanced unemployment benefits. joining us right now is wisconsin congressman, member of the house armed services and transportation committees, mike algar and california congressman, ro khanna. thank you for joining us. congressman khanna, what is your expectation for the stimulus bill? will it pass today? >> it will pass. it will pass overwhelmingly with democratic votes. it's going to send a $1,400 check to every american who is working class, middle class, up to $5,600 for a family of four. you're going to get $3,000 for every child by the end of the year. maria: what do you make of the criticism around what it's doing in terms of the cities and states? this bill eras

widow in carella this summer to disney+ on the same day they go to the box office.was very bad news for amc investors the stock got hit hard on the news. jack: i think it's interesting the streaming company where the movie studios are saying we will stick with streaming, to heck with the theaters it'll be fascinating to watch that. i want to get real quick two-story and barron's this week on drugs everyone got really excited about the whole industry the way it moved quickly to come up with a vaccine with covid but now there's concern that innovation could slow? >> if you look back months ago there is a concern that the biotech was offered after the vaccine rolled out but the hope the pipeline of drugs to treat alzheimer's and cancer was strong enough to overcome we are seeing signs of the fda maybe slowing its approval process a bit there is a few reasons why that may be we have an overworked fda right now we also don't have a full-time commissioner but there's also the concern that the fda may be stricter under the new administration, this has affected a number of

the closures won't affect disney park stores including disney shops inside target stores. >>> and here's to encourage domestic travel -- australian carrier qantas is launching a series of mystery flights. travelers will board planes out of brisbane, sydney, or melbourne for a one-day trip to a nearby location. the flight path will appear on the seat back screens, giving flyers a chance to guess where they're going. each flight will be limited to 120 passengers. australians are mostly not allowed to leave the country through at least june because of covid restrictions. anne-marie? >> elise preston, thank you very much. how do you pack for something like that? that's my question. you don't know where you're going. >>> up next, meghan markle speaks out. a new sneak peek at oprah winfrey's interview with the duchess of sussex. oprah winfrey's interview with the duchess of sussex. gs were made for better things than rheumatoid arthritis. when considering another treatment, ask about xeljanz... a pill for adults with moderate to severe rheumatoid arthritis when methotrexate has not helped enou

and on disney plus for aitnafee.itnafee. we're back in two minutes. weas far from our goals as it may appear. ♪ because things are coming back. ♪ making now, the time to move forward. ♪ at u.s. bank, our goal is getting you to where you really want to be. ♪ because side by side, there's no telling how far you'll go. ♪ u.s. bank. we'll get there together. ♪ ♪ ♪ ♪ why do you build me up, build me up... ♪ ♪ buttercup... ♪ ♪ baby just to let me down! ♪ ♪ let me down! ♪ ♪ and mess me around... ♪ ♪ and worst of all, worst of all ♪ if you ride, you get it. geico motorcycle. fifteen minutes could save you fifteen percent or more. for skin that never holds you 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 >>> welcome back here is your cnbc news update at this hour. the biden administration announced sanctions against russian officials and businesses related to the poisoning and jailing of opposition leader navalny. >>> one

disney is condensing windows the movie world is changing.g to go to movie theaters for years to come but won't look anything like the past it will be much smaller businesser, reserved for huge blockbusters that come out, maybe 15 a year, but i don't think going to the movies is going to be the same activity. the underlying cash dploe is what the retail reddit traders don't understand amc will essentially never cover its get if debt if they don't have the cash flow to get back to where they used to be even if the movie business comes back to where it was in 2019 as you point out all signs are we will have a very different movie business in the future than in the past. >> rich always great to speak with you thanks. >> thank for having me on short notice. >> rich greenfield of light shed where do you go. >> i agree with rich, i think a lot of things got way ahead of themselves discovery went from 21 to $70 saul jus -- all just because they had discovery plus they probably priced in several other products s of as i think about it where is the mo

plus disney announcing it hit 100 million subscribers in just 15 months joining me is laura morton, media analyst at needham & co. many of us spent more time at home, and now you have netflix in a much more competitive landscape, coinciding with this -- more consumers getting off their couch, so now real questions about the ability to continue to grow at the pace it has over the past year. >> we're calling for an attention recession in 2021, total views of television went up by five hours a dade during lockdown we assume as the economy reopens and people spend in the physical world, suddenly the attention will go into negative double-digit rates the second point, churn of streaming services that people pay for went from 9% in may to 34% in october the third point is your disney plus point two years ago there were six competito competitors, close to netflix. and now there are ten. company with his deep libraries, and definitely streaming losses, and definitely which netflix cannot do. >> okay. then what happens with the days of using someone else's netflix password being numbered? i

. >>> well, you can re-create the magic of disney guided by disney imagineers.e from home." and our bay-area connected tv app for roku and other devices. >> my name is reed and i'm a concept designer with disney engineering. i studied architecture in school. more technical people, who are interested in how things are put together. i wanted to do a drawing inspired by big thunder mountain railroad. one of the first projects i worked on is at the disneyland hotel. i've always loved thisroid because of the cool landscape, and it's a fun ride. i wanted to include a lot of that into this one drawing. so, happy drawing. ♪ >> it looks like fun. stay with us. >>> now, abc 7 sports with chris alvarez. >> tonight just three games remain in the first half of the regular season for the warriors. golden state is going to find out a lot about their team. games in portland wednesday, phoenix the following night. warriors, 19-15 overall. good enough for seventh place. draymond green, a career high 19 assists. here's coach kerr on his journey this season. >> where he had to star

how big a deal is this going to be for disney? >> it's unclear obviously.hut down. they've been decimated by this because of the harsh shut downs. there was a time that you couldn't even eat outside in 70-degree weather. so this is a -- what's going on in california is obviously a start here with disneyland. but contrasted with what is going on in florida at disney world. now, look at the case loads. florida has had plenty of covid. you can crunch numbers different ways. california is not or new york, another lock downstate, they're not doing better than florida. it's basically comparable. california's economy has been decimated. new york state's economy is decimated. florida is doing well. disney world has been open since last summer. you can go to a restaurant in miami. this is fascinating. when you -- listen, covid is a terrible thing. i was never a denier. you weren't a denier. my brother runs an icu unit. he caught covid. it's horrible stuff. we also had politicians that destroyed economies and lives. i think that's the -- a lot of the focus going to-w

simultaneously in theaters and on disney plus. yeah, it's down 13% and change. disney, though, is also lower, not much though, about 1.president 6%. >>> well, from the box office, charlie is going to break it on the newest celebrity who's looking to turn his are riches into blank check superstardom. closing bell is going to ring in 49 minutes. dow is up 166. we'll be right back. ♪ ♪ some say this is my greatest challenge ever. but i've seen centuries of this. with a companion that powers a digital world, traded with a touch. the gold standard, so to speak ;) ♪ mom and dad left costa rica, 1971. and in 1990, they opened lrazu. when the pandemic hit, pickup and delivery was still viable. that kept us afloat. keeping our diners informed on google was so important. the support from our customers, it honestly kept us going. i will always be grateful for that. ♪ i'm a verizon engineer, part of the team that built 5g right. the only one from america's most reliable network. we designed our 5g to make the things you do every day, better.

. >>> number seven, disney land planning a multiyear expansion.our parent company just made this announcement and disney says it hopes to create a more immersive experience with hotels and attractions and eateries in the same areas. >>> the gma first look, covid-19 vaccinations are on the rise and las vegas casinos are seeing positive signs of recovery. here is more. >> reporter: in the gma first look, betting on a vegas come back. how good does this field? >> we athave come back to work that have been out of work for a year. it feels amazing to be open. >> if we didn't feel we can open safely, we would have waited. >> reporter: gma goes behind the scenes as the brand new version hotel opened their doors for the first time. mask visitors are on the casino floor and performers at every turn. >> we were shot down by the pandemic. >> reporter: employees are ecstatic to work again. >> we look forward to everybody coming in. we are glad to be back. >> reporter: coming up, we will be live from sin city with much more. i'm kaylee hartung, abc news las ve