has disney released a statement _ disney. has disney released a statement on _ disney.has disney released a statement on the signing - disney. has disney released a statement on the signing of. disney. has disney released a i statement on the signing of the bill? ., ., , �* . statement on the signing of the bill? ., �* . ., �* bill? no, it hasn't. we haven't heard directly _ bill? no, it hasn't. we haven't heard directly from _ bill? no, it hasn't. we haven't heard directly from disney, i bill? no, it hasn't. we haven't heard directly from disney, at| heard directly from disney, at least in the last few hours. now, clearly something like this is an issue that they have been uncomfortable with for some time, because this is in many respects the way that disney has managed to flourish in florida of course, disney being a huge success as a theme park, millions of visitors every year, but as to the precise at least signing of the bill to make it law, we haven't heard from them just yet. has heard from them 'ust yet. has been talk h heard from them 'ust yet. has been talk fo

let's begin with disney.p sharply in the premarket after announcing this restructuring, including plans to cut about 7,000 employees and $5.5 billion in costs. company also posting a quarterly beat, although disney+, jim, did move to some sub losses, a lot par for david to cover >> a lot of things that say that nelson peltz is wanting, we got. we got accountability of divisions, cost structure coming down, which is good because the revenues were up but not making enough money we got very, very good clarity, by the way, on what it would take to have even -- get back a modest dividend, which was terrific this was a tour de force conference call and a series of amazing moves. management really, really matters. i thought it was terrific, and my hat is off to bob iger. >> a lot of price target increases on the street today. >> deserving >> somewhere in the $145 range >> this is an iconic company i think they're going to make a lot -- they got off the treadmill, carl. they don't have to do the darn, hey, how many s

m, who made disney? what it is today was all those extras that expand. acquisitions were so picks up is above all, with some of the lucas film and studios. i mean, he, m stepped down. and the beginning over where the pandemic started and bought a chic took over, he was quite successful to, especially in those tough a pandemic time. so to keep a disney afloat, also making definitely quite some progress with parks recently, but he never got really warm wrist, the creative team, and this is what bob eigen now wants to change. so he's back at the top of disney since november of last year. so that is definitely one part of where disney is focusing on. so to let the creative people having more freedom and tried to create as much content as possible and also possibly, or hopefully here for not too high of a price for a ins court in your thank you. western sanctions to punish moscow over the war in ukraine. have crippled parts of russia's financial sector. the banks have done better than expected, but they still

but then that disney streaming services which include disney plus, espn plus and hulu, only lost 1.05n the analysts thought it would be more like 1.22 billion down from nearly 1 1/2 billion in the previous quarter. let's just say it's going in the right direction. still burning money but not nearly as much as it was and by the way, espn plus doing quite well now, you can argue it was the huge losses in streaming that cost bob chapek his job. the fact that iger's already making progress on this front is a big deal and disney made it clear those losses should shrink by another 200 million in the current quarter. why would you say that unless you can do it? really though the numbers are just the tip of the iceberg. i always tell you to wait for the conference call and this time disney bowled us over with new positives. he's reorganizing the business into three units disney entertainment, espn and then a grab bag division with parks, experiences and products. basically he's unwinding the previous reorganization under the predecessor because he wants each unit to be responsible for their o

disney, 5,000 employees laid off. nelson peltz declaring victory and an end to the proxy fight right on our air this morning. >>> sonos shares higher after a big beat on revenue and earnings the ceo with us exclusively this hour. >>> affirm gets a bump and we look ahead to paypal tonight >> that's right. disney, though, is where we're going to start the stock is up, let's see, 2.75% after results unveiling a restructuring plan that includes $5.5 billion in cost cutting part of that, 7,000 layoffs. the company beating on revenue and eps, saying it would focus on getting its streaming business to profitability by the end of next year and no longer provide guidance on subscribers. a big question from wall street as the company plans for its stake in hulu, here's what ceo bob iger told our david faber. >> hulu, by the way, is a very successful platform and a good consumer proposition but everything's on the table right now. i'm not going -- >> you mean -- >> i'm not going to speculate whether we're a buyer or seller of it

disney is hardly alone in having to makejob cuts. to makejob cuts. i did the jury is still out in terms of how to play out over the course of the rest of the and into next year, when disney has said the streaming business will be profitable, which it isn't yet, but it is definitely a good first step in that direction.— a good first step in that direction. ~ _, , ., direction. when it comes to the streaming _ direction. when it comes to the streaming business _ direction. when it comes to the streaming business it _ direction. when it comes to the streaming business it has, - direction. when it comes to the streaming business it has, you| streaming business it has, you know, disney+, but also hulu and espn. we have these investors who are described as those who are trying to, you know, make huge, significant changes within the board and decision—making at the top, who are suggesting they should maybe get rid of espn. lots of ideas are being booted. how will bob iger manage that? i think the activist investor who had called for spinnin

what impact is is going to have on the disney corporation and the way it runs its disney world themeark there in orlando? >> as your set up piece indicated, disney, for a very long time, has enjoyed a substantial gree of autonomy in administering theervices in the spial district that was established, at the heart of which is disney world. the disney corporation was able to arrange those services including roads and other amenities to serve not only people of the area, but also especially its own operation, disney world, and they have now lost that autonomy, that degree of control under governor desantis new legislation. fraser: is this going to hit disney's pocket, is one of the biggest corporations in america, is it going to feel a financial impact from these changes? >> i think the financial impact will be modest at best, relative to the enormous revenues that this very large corporation derives from various sources. i don't think the principal issue here is the financial issue. it has to do with disney's stance vis-a-vis the state of florida and its governor, and vice versa. frase

disney world.g what is the recession risk we know the parks. you take your kids because they want to go and you spend the money. with savings being drawn down, you wonder if families can go and spend $1,000 a day at the parks. >> that is the worry and the push back we hear from clients parks crushed it 35% margin highest we have even in a number of years double digit attendance global high single digit booking. as you look out a few quarters and that outlook is a bit hazy right now, they are doing well as are the parks at comcast. the parks business is doing extremely well >> john hodulik, thank you >> thank you, brian. >> you are welcome catch the cnbc exclusive interview with disney ceo bob iger at 9:00 a.m. eastern this morning. a lot of questions you can get a lot of investor attention as well. >>> coming up, living in the big apple. never cheap. it will cost you even more robert frank laying out the record-breaking costs of renting in new york city >>> as we head to break, top trending stories

come comcast is going to sell hulu to disney. i think disney needs it, comcast doesn't. comcast has a fair if amount of leverage in that discussion, so they're going to get paid, and that's another piece of upside that's not reflected in the equity, from my perspective. people are carrying it at the min minimum value, but i think they're very likely to sell it to disney for more than that. disney, i don't think, can afford to not own all of hulu. liz: okay. and, kenneth, in the end, you know, i looked at exactly what the cfo had said, and and she expected that they would have, that disney would have -- and i'm just, because there were so many targets here and so many numbers -- she had said, christine mccarthy, that we still expect that revenue and operating income growth for the fiscal year will be in the high single-digit range. if i'm an investor, maybe i'm like, wait, nelson peltz, come back. we need that number to be better, no? >> this is a large company, and the parks is growing 25% revenue. it will till be fairly large growth, and it's really getting the rest of

so he's back at the top of disney since november of last year. so that is definitely one part of where disney is focusing on, saw to let the creative people having more freedom and tried to create as much content as possible and also possibly, or hopefully he for a not too high of a price for a ins court in your thank you. western sanctions to punish moscow over the war in ukraine have crippled parts of russia's financial sector. the banks have done better than expected, but they still faces struggle going forward. this week, the head of russia's v t b bank said its losses last year were due entirely to sanctions. last year russia had $100.00 loss, making lenders as the sectors, profits slumped, a whopping 90 percent. earlier i spoke to alexander lindman. he's a professor of russian and east european politics at the free university of berlin . i asked him if russian banks are struggling specifically because of those sanctions versus ancient certainly have an impact on the situation of the russian banks, but i can see that they're really strugglin

, parks, or disney us. iger is focused on content and his relationships in hollywood to get better content and make better content. it really bodes well for disney over the short and medium-term. scarlet: longer-term, can they square the circle or cost cuts and great production? how has the restructuring of the business and perhaps giving more power back to creators going to ensure they have the balance? >> i think a lot of businesses are dealing with this where they grew a lot of people over the last four years and now people are trying to write their businesses. so i think having, you're going to see this in a lot of companies. making sure that all of their employees are contributing the amount necessary to get the results needed from a financial perspective is really important that it's also predicated upon not hurting your encore business and i think iger is the person to implement the strategy for disney. that's what i think the markets like him. looking at new toy stories, new frozen, my children will

drama at disney, 7,000 jobs to go. the entertainment giant cuts costs, as streaming customers fall for the first time. and, praise continues to pour in for nba superstar lebronjames, after he becomes the competition's all—time leading points scorer. welcome to our viewers on pbs in america and around the globe. we begin in turkey and syria, where more than 12,000 people are now known to have died in the earthquakes which hit the region early on monday morning. in turkey, there's growing anger at the speed of the rescue effort, with many complaining they've had no help trying to pull people from the rubble. while in syria, state—controlled media is reporting that some 300,000 people have been forced to leave their homes. more from syria shortly, but first let's hear from our middle east correspondent anna foster, who was among the first journalists to reach the epicentre in turkey. and reports now from kahramanmaras. the devastating power of the earth, seen from the air. swathes of this city lie in ruins, buildings, hom

but disney+ is a winner.o get more theme parks theme parks numbers were extraordinary. people are traveling they believe life is too short they're going to disney world and bob has a good hand here that was obscured by management and couldn't shoot straight. >> you could split all of these companies off. they got -- but you think that it works, you think that you got the theme parks, you have the animated movies, you "avatar" part of the theme park goes down. you think it does make sense -- why espn how do you figure that into how it fits in with everything, synergistically? >> well, thag that's the toughest one, but live sports has demonstrated remarkable staying power. this year, live sports really did phenomenally i think that they, obviously, have great characters that are long-lasting, something say, for instance, that netflix doesn't have it is a cost control situation they were not making nearly as much on the revs as netflix has, and i think bob's going to change that. >> there's a conglomerate with n

disney's disney+ subscription service has faced competition from rivals such as netflix, amazon and soh it's had to spend a lot of money on content in order to attract subscribers. and that of course has weighed heavily on the bottom line. indeed, since disney+ was launched back in 2019, country's streaming services have lost around about $10 billion, it's been assessed. so it takes a lot of visits to the magic kingdom to make up that sort of shortfall and, as a result, even though the theme parks are doing extremely well, the company has announced the plan to try and save $5.5 billion — in part by cutting these 7,000 jobs. i understand that most of these job losses will be in the division that makes films and tv series. so in other words, disney will cut back on content, and concentrate instead on the franchises that have proved so lucrative in the past — such as star wars, the marvel superheroes and, of course, pixar animation. david, this does come just after disney's old boss has returned to the company. that's right, we're talking about bob iger. he led disney for 15 years, and on

in a statement to cnn, the president of walt disney world resort said disney works under a number ofhighest quality experience for the millions of guests who visit us each year. we want to dig deeper now on this with richard folgerson who wrote a book about disney's influence. and richard, we're grateful to have you this morning. thanks for sharing part of your weekend with us. what is your response to this bill passing? >> well, it is really not a surprise that it passed because of course the republican party controls the florida legislature. so it was a foregone conclusion that it would pass. it is kind of surprising however that republican governor would take on the biggest corporation in the state of florida. you wouldn't really expect that of a republican governor who is maybe a presidential hcandidate as well. >> let's talk about the details before we get to the political implications. what is known as the reedy creek improvement drstrict will now become the central tour recommend oversight district. what does it mean for residents who live there? >> well, there are 53 resident

it suggests that investors have been giving disney a certain amount of credit for under earning. they're going to get the cost cutting for the quality of the franchises and that they'll figure thing us of the with the scale they have built on the streaming side it maybe explains a somewhat muted reaction today in a stock that's come back pretty far in a short period of time let's go a bit deeper on disney and the big moment of the day on cnbc that all of wall street has been talking about, ceo bob iger spoke this morning with david faber about undoing some of the changes made by his successor turned predecessor bob chapin. >> the structure of the company that had been changed by my successor and my predecessor, but bob, and he had a reason why he wanted to do that, and he articulated that, but it created a huge divide between the creative side of the company, the content engines, movies and television, and the monetization of the distribution said of the company, and while i think he -- again, he had certain maybe valid reasons why he wanted to do that at that time, it was very,

a fairy tale for disney. question mark. looking for upside in the magic kingdom stock. you're watching "fast money" live right here in times square in new york city we'll be right back after this >>> all right, welcome back to "fast money. check out shares of nordstrom, up 25% topping the tape at game stop chairman -- yeah, that one, chewy founder ryan cohen -- launches his latest activist campaign to shake up the company's board, likely targeting the seat of former bed bath and beyond ceo best day since last march. courtney, this is a stock that has a short interest component there's a lot of people out there betting against sbit, and that might be one of the reasons the stock is up 25% today. >> it very well might be, and i think nordstrom has -- it's really lacked in that expectations i think people had a lot more expectations than what it's been able to meet over the last several quarters it's up specifically on this news of ryan cohen coming in as activist investor. i think what's interesting is we're clearly going to

. >> criticizing disney. >> ron desantis will rename disney reedy creek. >> florida is dissolving the corporate kingdom, beginning a new era. ♪ ♪ >> steve: okay, live from washington, d.c., 13 hours from right now, the state of the union in that building with the round roof. right now, they have 32 degrees, but tonight 9:00, according to my iphone, 48 degrees and cloudy. hope the president clears things up. >> brian: maybe he'll do it outdoors. >> ainsley: 72 in our apartments and homes in our pajamas and we will watch martha maccallum and bret baier. >> brian: half of the state of the union. >> steve: you can see more stuff and bret and martha explain what you are looking at. >> ainsley: exactly and sarah huckabee sanders will do the rebuttal. >> brian: what will they wear? >> ainsley: suits and ties. >> steve: probably a blue suit and the president will wear a blue tie. >> brian: everybody betses on everything. >> steve: 8:02. foreign policy is expected to be discussed at tonight's state of the union. >> ainsley: debris from the chinese spy flight will be reviewed. >> brian: live fr

desantis was married at disney.ny has contributed more than $100,000 to his political action committee after he was elected governor. disney also gave more than $1.3 million to the florida republican party during desantis' first term. >> making sure that disney doesn't have self-governing status anymore [ cheers and applause ] >> reporter: but now florida republicans say this is the proposal needed to level the playing field, taking away special privileges from disney, and laying out who is in charge. and you know, erin, remember here in florida, it is a republican-led legislature. so, by all accounts, this is expected to pass by the end of the week, in which case the next big question will be -- and actually this came up in conversations with lawmakers today, who will governor ron desantis appoint to that board? erin? >> thank you very much, leyla. let's go down to republican strategist and former senior adviser to trump's 2020 campaign. governor desantis is happy to take the money from disney. it pays a lot of bil

of streaming services at disney.as ceo in 2020 and then the company's share price fell dramatically, and that led to the ousting of mr iger�*s hand—picked successor, a man called bob chapek, and the return last november, and his men could put on contract to run the company now the next two years but he is under pressure, not only from shareholders but from the billionaire investor, an activist investor by the name of nelson peltz, who was been highly critical of the way disney has been run in recent years. he was looking to gain a seat on the board. all this puts pressure on bob iger to act. so just two months back as ceo, he is cutting the 7000 jobs — on top of the more than 30,000 jobs that were cut by disney a couple of years ago, most of them in its theme park division. david willis, in washington for us, there. the praises continue to pour in for the nba superstar lebron james. the 38—year—old became the competition's all—time scoring leader. he eclipsed kareem abdul—jabbarfor the nba points record by reaching 3

has disney released a statement on the signing of the bill? haven't heard directly from disney, at least in the last few hours. clearly, something like this is an issue they have been uncomfortable with for some time because this is in many respects the way disney has managed to flourish in florida of course, disney being a huge success as a themepark, millions of visitors every year. as to the precise signing of the bill to make it more law we haven't heard from them just yet. there is been talk from the ron desantis running as a 2024 presidential candidate, do you think this will have any impact on that? i think it may well have an impact, in terms of those supporters of the ron desantis, especially on the conservative wing of the republican party. and remember if he throws name into the hat in terms of potential candidate for the republican party, the main opposition he is likely to face is donald trump. and while they are of a similar vein in terms of many aspects of politics, the governor wants to make his mark, and this is something with

why has he made disney world such a centerpiece?ny: you can't understate how important disney is to florida's economy and the influence it has had. but i think it was a good foil for ron desantis, this california-based company that was objecting to the don't say gay bill, as you mentioned. it was a chance for desantis to make his point that there are corporations in this country, in his view, that are too liberal, pressured shareholders, the public, to spout liberal agendas. and this was a cnce for conservative states to push back against. although i will say that they abolished that governing district before to put the state in control because otherwise, all the debt that disney had accrued would have gone to the taxpayers. this fixed a few things and gave desantis another chance to take credit for sticking it to disney. james: i have been in the u.s. for a few days, but you have seen him in the headlines for a few reasons. he has written about, and he is planning a tour of rly primary states. does anyone ever do this, the book and

every party looking at disney, working at disney, partnering with disney got a little something. that's what you'll see out of the salesforces, they're listening and the activists forced them to listen and the media amplifies what they are saying and it becomes a mantra and it works you'll get more discipline on spending, layoffs and head count reduction and ultimately you'll get more capital return to shareholders and that process is playing out everywhere right now. it's a playbook and actually it really works and disney is the latest example >> it's playing out in big tech. the layoff announcements have already happened businesses that are right sized. is this trade -- it's one of the best sectors to start. we all know the history. is it legit or not >> i think it is, scott. i take two steps back and look at what's happening in tech, in communications services, very reminiscent of what happens in materials or gold or oil what do i mean by that this big cyclical boom you've had a cyclical bust and then at the bottom toward the bust you get religion. what's religion? you cut cos

the new disney structure has three segments the first is disney entertainment including tv, film, streaming, co-run by alan bergman and dana waldman a new espn division run by longtime espn jeef jimmy fataro. iger saying it's to creative leadership the company is targeting $5.5 billion in cost savings, $2.5 billion is non-content cost and $3 billion will come from reducing non-sports content costs, also announcing the plan to cut 7,000 jobs. iger reiterating the company's target of disney plus hitting profitability by the end of fiscal 2024. also, they just said they aim to reinstate disney's dividend by the end of the fiscal year cfo christine mccarthy moments ago saying that the disney plus price increase is playing out as expected with only modestly higher churn she also said they're going to stop giving subscriber guidance but did say the core disney plus subscribers only grow modestly in the fiscal second quarter, similar pace to the first quarter with higher core subscriber growth towards the end of the year. just some positive commentary here about how the ad tier is off to a strong

disney plus needs to drive price.ue proposition. it now has originals at one/sixth as many as netflix does rich greenfield has done terrific work showing how the buzzy hulu originals just get no viewing in the top ten weekly on streaming. 82% of minutes on streaming go to netflix and the top ten list every week 1% has gone to hulu. you dot to rectify that and the way to rectify it consolidate promotional efforts through a single entertainment channel i didn't think iger would give any particular view on that, but he ended up in the favored interview saying, look, we're open and i took it very much meaning that if they could come to a resolution here involving a sale, it would make sense for them to do it. >> it's karen. in terms of the arms race for content, disney talked about wanting to pare back, if you are netflix do you spend more to you or less or how do you view the landscape? >> well, netflix is so far ahead in terms of streaming expenditure relative to any of the others that whether it spends a billion less o

track record has been disney gets what disney asks for or demands.so powerful. >> pete: push the envelope on this and ran into someone who represented the will of the people, parents, viewers and others. >> griff: i'm still stuck he said at the beginning of the soundbite the parent of a 6, 4, and 2-year-old and able to be the governor of florida and lead them through so many challenges. that's pretty impressive. i remember when my kids are 6, 4, and 2. >> pete: 6 and 2 dark ages. >> ainsley: brian went down to the governor's mansion. bun of the children were sitting in the punch bowl in the dining room. fun chaos. incredible and his wife battled cancer and doing well now. they have gone through it. >> griff: indeed. looking forward to read that book. >> ainsley: perfect example of the bureau of business don't get involved in politics. >> pete: a lesson like there is no need at all. create your product, let people have fin at this for what are it is. >> ainsley: isolate 50% of your customers. we have heard from residents who have had their lives uproo

it is covering the gamut on the disney side and the nelson peltz saga.&p 500 down 1% on the day and the nasdaq 1.5% and the bond market, three -- 3.64 on the -- stay with us. this is bloomberg. romaine: inflation is back. stocks drifting lower and inflation expectations drifting higher. the main bostick alongside scarlet fu. -- romaine bostick alongside scarlet fu. scarlet: this is the fed speakers are remarkably consistent about their message. inflation is an issue and the path of rates is h

because they went to disney to change culture and change policies.n desantis were to get the nomination to become president the most import president he has to think is mickey mouse because this'll go down as a political assistant history he reminds me what happened there was a meeting and putting said stair to your lane and disney has become like that right now. >> we might not want to push too far becerra westwood there are conservatives concerned about what desantis has done with disney, they think business is business, companies, governors, government should be using the enormous political and powers to force political change on companies and it does play very, very well with republican voters, what is your thought is. >> is extremely populous move and why it plays so well with republican voters i think voters are tired of watching the politicians say their hands are tied in not protecting them against the corporations that employ thousands of people and impose viewpoints on their employees and customers that don't sit well with a lot of american

desantis how to run florida, and he should not be telling disney how to run disney.nt it, if disney wants to have programs he views as "woke," that is fine and disney consumers can decide if they want to watch but it is not any individual governor's job to tell someone how they should run their cartoons. >> neil: all right, the battle is on, we will see what robert iger has to say about this. professor, always good to have you, thank you very, very much. i don't know if many of you got a chance to watch the state of the union address last night on the part of the president, i am hearing a lot of after-hours criticism from other networks, particularly critical of republicans getting in the president's face, arguing with him, and i thought to myself, self, hasn't this been sort of the rule for the house of commons and parliament for like, forever? what is so bad about that? and this. after this. c >> prime ministeour boris johns. helping them achieve financial freedom. we're proud to serve people everywhere, in investing for the retirement they envision. from the plain

-- the disney shows and tv shows.scribers decline around 1%. that is largely attributable to what is happening in india where the hot storm product lost the rights to show cricket. in that nation cricket is the biggest entertainment media content you can consume in india. the pace of sales growth and how operating income and we have got a beautiful chart for it, hasn't quite caught up. the five point 5 billion-dollar cost-reduction is a part of that. beyond that the business is being simplifies three parts. parks, entertainment and espn. they are not going to spin off espn, they are not going to cut it. licensing of content more broadly be another higher-margin way to help support the broader initiative and have operating income catch up with what is a slowing pace of sales growth. a big part of growing subscribers is you have to pay for it. marketing, content. they look willing to sacrifice the subscriber growth for that bottom line. guy: let's talk about bob iger. are we nearly done yet? do we have any idea about ho

is that because there's more available to disney coming from netflix? >> that's definitely part of it, but also the unfair capacity and advantage that disney has is the global brown ip which net flick has been busily building up over the last decade. of course, disney's got nearly 100 years head start on that that gives them the advantage. also they have a strong founding centric programming approach and they've got some recognizable browns over the past years bob iger's first stint in control of disney with marvel's films being an example all of these gives disney a strong position against netflix. one final thing to add to that with the 2019 acquisition of the fox assets which was done under bob iger's tenure, they acquired a hot start, so the leading streaming service in south asia, that's since been rebranded as disney plus hot start and that's going to be a key area of growth for the asia-pacific region. >> i was going to talk about that turnaround plan as well what do you expect to really be the key point to try to turnaround this business >> the

to a laminate disney's special status.ttom line is if this bill is approved and it could be this week, disney would be a state controlled district acceptable to the people, quoting ron desantis, not a corporate controlled can get him. that means disney would have to repay $700 million, almost a billion when you take into account taxes. we want where is bob iger in this? >> bob iger's new, old but new, trying to figure out how things are going but one of the main reasons we have bob iger back at the helm is the company move too far to the left, they got too woke and that is how we are in this position. when you are a major corporation serving all sorts of people, left, right, center, to get so extreme on the left and start talking about teaching certain parts of sexuality to children and everything else, having certain numbers of gay and lesbian characters in each movie, that is not what a big portion of the country wants to see you are here. bob iger has to get the corporate culture back to the center and it is not just di

disney will be treated like all other theme parks in that area.y won't have an advantage but the bigger issue, actually, the taxpayers and citizens of florida won't have to subsidize the progression to woke that disney has become over the course of the last couple of years. if you are a disney taxpayer going to work paying your taxes you shouldn't have to fund multi-gender barbie. multidigit gender mickey, minnie. that shouldn't be where your tax dollars go. >> ashley: you can't even keep up with it. they are changing for stuff all the time. i do think in getting back to the days of resetting the nonsense that doesn't make sense with disney being its own entity and the refresh disney needs and in the long run they will be satisfied in some people right now might be like you know what i don't like this idea, especially people at disney i'm sure they are not too happy this morning. but i think a huge move for desantis and getting back to the bases. he said getting back to what walt disney wanted and the first place so kind of going back to the old d

oh yeah, except for those sad bastards at disney.t gotten so bad they're going to fire 7,000 people as part of a significant transformation. it is the biggest transformation since kill me lunch turned into a butt butterfly. it is a caterpillar if you didn't know it. do not dead name them. this is what happens when you go woke, the saying is, you go broke. you can blame the cowardly exec who let the woke turned disney into a joke now. you want to talk about transitioning, forget leah thomas, look at the disney products? remember that wooden p pegged lying lit little -- pinocchio. he taught children not to fib or you will rp be rp eaten by a whale. i never understood until i saw "the vi view." [ applause ] >> i don't get it. remember that slutty little ariel? nobody told her drugstores have medicines for those. she taught a generation of young women that you can over come a disability. she was a cartoon mermaid. [ laughter ] i mean -- that's a hard life if she can't stand up. how could she make me a sandwich. >> and then there is the "

one of the new rules for disney world? ashley: the biggest is disney doesn't have control anymore.s a disney ending for governor desantis but not for disney itself and 50+ years no longer has control of the special maker district that sounds the district and the control allowed disney to rule the kingdom and levy taxes and issue bonds and exert control over police and fire departments but no more says the governor. he says there's a new sheriff in town. listen. >> they're not going to have their own government in the state of florida. they're going to abide by the same laws as everybody else and may their fair share of taxes and debts in florida and there's a new sheriff in town and new day of accountability in central florida. ashley: it'll be called the central florida tourism oversight district and not the rendition of anthony i did creek improvement -- reedy creek improvement district and that was the power that used to belong to disney. it's also the end result of a feud that put desantis against bob chapek and lobbied a bill that was dubbed don't say gay and won't be dictated

>> disney is an iconic magical brand. us who have owned the stock for the last 12 years are not feeling the magic because they have drastically underperformed the market. so now, i would say that the last, the last two years a lot of that had to do with the ever woke, ever incompetent bob chapek who was more concerned with fighting with ron desantis rather than preserving, and growing the brand. now what we have bob iger in charge. he is a much better visionary and leader. we have a few, a few aspects of the earnings report that are going to be focused on, one, is of course disney plus. they have a very lofty goal at the end of 2024 to get up to 250 million subscribers which is a massive gain. i think they're going to make good progress this quarter on disney plus and also what bob iger intends to do with abc and espn. there has been a lot of talk about whether he is going to spin it off. i don't believe he should. i think he should preserve it but i do think that bob iger and disney will eventually return to their former

disney has to pay the debt.> brian: they roll out the 1619 cartoon that just rips america and its founding and at the same time they cave to china when it comes to what they wanted in their hong kong -- their movies in hong kong taking out any reference to tiananmen square, taking out any reference to oppression, which was obviously with the uyghurs, so they kowtow to china and they go attack america. >> the wonderful world of disney. all right. straight ahead on the wonderful world of "fox & friends," newly arrived migrants fleeings big apple for canada? yep. and new york taxpayers are reportedly footing the bill. we're going to talk to one of the drivers giving them a lift coming up next. it allowed us to keep the amount of people that we needed and the people that have been here taking care of us. see if your business may qualify. go to getrefunds.com. overactive bladder, or oab, can change your world. like going hiking, just to hike to the bathroom. reaching for the bar, just to reach for pads. waiting for t

and governor d santos for attacking this woke policy that disney had.f you choose to run for president and the republican side, it is one thing to criticize wokeness. it is another thing to strong-arm the government and slap it down. but how is this digested? >> let's be real clear, the governor is on pretty firm ground attacking disney. corporate welfare and special taxing. and it's very if you a big business in creating a lot of jobs and more oversight but by the way, if you are going to get political, then there will be a penalty to be paid. so i dare in a republican -- >> neil: but the political round, not sent common strategy, but you could start extrapolating from this. you say something is a company we don't like, will go after you and take things away. >> well, neil, yes, that is true but as they impact their shareholders. a little different. corporate america for years. and companies go out there on a hot, hot political issue that doesn't affect shareholders. sex education flaw to sex education. it wasn't like mislabeled that. and disney, more

this is disney. it's not showing you educational material. how badly does it reflect real life that it doesn't prepare a child for the real world? when you're looking at this, how will this prepare a child for the real world? it doesn't. with fairy tales and fables, they offer universal messages about being a good person. whether it was values or truth like pinocchio or friendship and all that good stuff, now this is the -- there's no good service in this at all. it's prime ago child to resist cooperation with other who is are different from they are. everything about that clip was anoer, bitterness, envy, rage. so if you want your kids to start anoreigns leading with a chip on their shoulders the size of a small country, have them watch that. disney went from the values of truth and friendship to envy and trust and they're not good for kids. disney is harmful to children. >> dana: jesse, how do you see it? >>jesse: greg said what are they preparing them for? to beg for reparation when is they're older it. is laying the ground work and crt ca

away from disney.nt who serves on the board of the special district. the special district is called ready creek district for now anyway, and it has allowed disney to self-govern in the orlando area theme parks and maintain their own buildings and roads and have their own fire department. on that board right now land owners with ties, close ties to disney. this bill would change that, and put that control into the hands of the governor, and this bill would change the name of that special district. now, the republicans that i have talked to tell me, look, this is about leveling the playing field, and making sure that one company in this case, one of the largest employers in florida does not have any special privileges here, but the critics will remind you quickly of the history here, because this has been sort of the year-long feud of governor desantis, and disney, and if you can remember last year when florida decided to strip disney of the special district this is coming at a time when the critics said

and disney streaming businesses. caroline: what else would bob like in terms of how long he will be there, for example? chris: the perennial issue is who will replace him? he said he will stick around for two more years. announcements today in terms of the people running major businesses. so, that will be a focus for him and mark tucker, the new chairman that takes over in april. i think bob fundamentally will say this, he really cares about the creative and he has admitted that animation, disney needs a little work. he says they have produced a little too much content. disney has always kind of been about a few big, great movies, not everything everywhere, to quote another film. so, i think creative will be a big focus. ed: back to basics to finish. what does the new disney look like, the three parts it has been reformed into? chris: you are seeing the merger, definitively, of movies and tv. basically one division. and streaming. that is all becoming just, basic general entertainment and family content. then a separ

walt disney company rallying higher than 6.4%.r back in the hot seat. 7000 job cuts. 5.5 billion dollars in cost savings. tom: action planning at the thing park at disney, he is going around on the teacups. there is a little humor there this morning. have you ever done the teacups? jon: i have as a kid. tom: anaheim is way better than orlando. jon: the farrow family once went to disneyland paris many years ago, decades ago. it didn't work out. lisa: didn't work out for me as well. tom: there is only one. anaheim. that is the original one. it was a long time ago. but it is magical. it really works. my point is, a guy on twitter, you look at the amount of money -- jon: if you take the right kid? lisa: [applause] [laughter] jon: what child do you prefer to take to disney? tom: can i finish? jon: you are saying one child has a better experience than the other? tom: can i continue? i looked at the subscription netflix takes versus disney, which is much smaller. he is building subscribers but they are giving it away to catch up with net

disney world produces revenues.in to paying the bonds that were issued to build out disney world and the infrastructure and there. so the state is the guarantor of a billion dollars in debt. florida has about 28 billion in debt. so another billion, billion here, it adds up but it's not that much money in the scheme of things. the real question is, do they fold the other tax status of disney world. do they take away tax breaks that they get, that they initially had through the state. i don't know. issuing municipal bonds which are low cost, is a big tax break and leads like reedy creek will maintain that, just over seen by state officials as opposed to disney officials. we shall see. desantis, this began over the sex ed law that made it illegal to teach sex education to toddlers. disney thought it was a good idea. ron desantis could smell victory from a mile away, i'm going to win and take away their tax status. it did. aim financial geek. i want to know how the bonds will be repaired. will this -- that will be inter