disney plus direct to consumer is the future. but right now the average user is down quarter over quarter 18%. there's some funky stuff going on there i don't think the mulan release of 30 bucks is going to help advance adoption of this product right now. i think you would have liked to have seen them almost kitchen sink the guidance going forward. these guys are going to need two quarters there's no visibility on when they're going to be able to reopen we have no visibility when we're going to have a vaccine. the stock raging 4% in the after hours i don't think is particularly constructive. i think verrone will have some comments on that i don't think the fundamentals are really lining up yet i think investors are looking for things they think can play catchup. this one is not there yet. >> i think you have to like how the stock responded here after hours. i think it speaks to the idea that the bar was pretty low coming into this afternoon that 115 area was major support. looks like we're going to hold that and open tomorrow abo

disney plus ending with 57.5 million subscribers espn plus, 8.5 million streaming subscribers.o that is up from just #.4 million in a year ago period i want to point out the covid-19 impact it was $3.5 billion affected but in terms of studio entertainment, there is better than expected results in terms of streaming video on demand so that operating income just decreased by 16% it was expected to decrease more than that. and then there was in ermz of it the bottom line, the median networks division benefitted from having the bottom line results benefitted from having lower production costs and lower marketing costs. you saw the segment operating income in the quarter at cable networks actually increase 50% broadcasting increased 55% on some of the lower costs. really interesting here to see where some areas were not as bad as some people anticipated, some savings and then, of course, the heavyweight of covid-19 on the parks division in particular sara >> julia, it is interesting. i was looking at that within the media and networks lines despite what you said about lower costs al

as well as plans by disney to release its feature film lawn on disney plus in september. and for more on this let's go to our financial correspondent in new york against korda yens good to see you all right so a big loss for disney but instead or despite this i should say a lot of love from investors shares rising 9 percent i believe what's going on. you know an incredible performance on wall street was the stock of disney i'm standing here in one of so many closed a movie theaters in brooklyn and interestedly enough to be advertised for the opening off the movie moulin you just mentioned are supposed to open on march 27th so well that obviously did not temp and so now disney is planning to show a mulan on disney a plus for $30.00 for subscribers and that's the one thing that investors got really excited about the streaming business off a disney they a chief to get 100000000 streaming customers and they achieved that goal 4 years earlier than they had or regionally planned i mean other than that if you look at the performance of the movie studios in general especially also

. >> things do not bode well >> tony demonstrates how it could get even smaller for disney >>> plus,if the world right now is confined to getting takeout and eating on the couch - >> this is an interesting situation. >> mike thinks uber could be the way to go. it is time to risk less and make more "options action" starts right now. >> we begin tonight with breaking news. let's get right to julia boorstin julia? >> james murdoch resigning from the news corp.'s board of directors with a letter to the board saying that his resignation is due to disagreements of content by the companies news outlets and other strategic decisions. that's in his letter that is submitted to the board that's included in the s.e.c. filing. a pretty notable mov and speaks to the split within that murdoch family over some of the political content of news corp. >> we know, julia, already there's a family rift of james and his wife and his brother lockland over climate change denialism by fox news and the other outlets and so this was not a surprise with the division >> perhaps not surprisingly james donated to t

disney plus is the bright spot here. ll streaming offset what is happening in the parks business, given that so many of disney's operations and franchises are tied into the story of the films. will go direct to streaming a. how do you see the company evolving away from the parks business? kelly: streaming will be important. they did say they crossed that critical 60 million subscriber figure. i want to focus on "mulan." this is a huge movie that could have made a billion dollars at the box office. it is going to premiere on disney plus at $30 in addition to your subscription. what they are saying is that this is not like a all new thing where their blockbusters will skip theaters from now on, it is a one off with coronavirus. however, they are hoping and draws people to disney plus to generate some revenue. emily: continuing to monitor the call, kelly gilblom. thank you so much for your insight and analysis. former u.s. commerce secretary penny pritzker on a new initiative to fight covid-19, next. this is bloomberg. ♪ wel

announcement milan that could be going up on paper view with disney plus. lways been at the forefront of reimagining the traditional distribution windows. that is what we are seeing now. it seems like the new ceo is going to continue in that line. that is what sets them apart. that is really important to get out front and try to mitigate the losses we are seeing in traditional platforms. whether it is espn or other cable networks across the board. >> even the film studio was a moneymaker when theaters were closed. >> that's right. the theatrical business took a as theaters or mostly closed. there's a lot of things within the film division the tried to make up for that. at the forward visibility in terms of the theater reopening's continues to be clouded by the covid-19 resurgence. we are seeing the film studio could take longer to get back to normal levels as they begin to experiment with all of the windows. some of the bigger films like mulan, how does that impact their film release strategy? i would think that going forward, they are going to be more open

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that's a game changer. >> jimmy: "the one and only ivan" beginning streaming on disney plus on augustranston i want to see you in person. really, i appreciate you coming on thanks, bud. >> thank you, jimmy. stay well. everybody, we can get through this together. wear a mas kalp eecily distant, and it will work out. >> jimmy: thank you, bud we'll be right back with julia garner, everyone, stick around my nunormal: fewer asthma attacks. less oral steroids. taking my treatment at home. nucala is a once-monthly add-on injection for severe eosinophilic asthma. not for sudden breathing problems. allergic reactions can occur. get help right away for swelling of face, mouth, tongue, or trouble breathing. infections that can cause shingles have occurred. don't stop steroids unless told by your doctor. tell your doctor if you have a parasitic infection. may cause headache, injection site reactions, back pain, and fatigue. ask your doctor about nucala at home. find your nunormal with nucala. ask your doctor about nucala at home. verizon knows how to build unlimited right. you start with the netw

they announced that "mulan" will go straight to disney plus. to discuss all of this is dani burger. good morning. what is disney's strategy expanding its streaming offering? >> good morning. this definitely seems like a shift in strategy and it is one that is preparing disney for for a new world where people are traveling less to go to theme parks and likely not visiting cinemas as much either. theme parks still the core of their business but they have a lot of safety measures. the "mulan" move is interesting. there had been hesitation from disney to launch this on streaming services instead of straight to theaters but again this really shows they know that the world has changed. perhaps that change will continue. their c.e.o. said view this as a one off but at least for now. they are going to charge $30 to see "mulan" along with the charge of having disney plus and if it works well, don't be surprised if disney continues to make moves like this and continues to release movies to their streaming services. they have also said that star is a tv p

that's in part due to strong growth in disney plus subscriptions. f monday they had 60.5 million paid subscribers, so disney hit that user goal four years early. the ceo said "mulan," the live action movie, will debut in september after delays we were talking about the stock, and what can it do, you just have to wait for the pandemic to get better no, they've got disney plus and they're really leveraging now. >> you want to talk about getti not getting people to leave facebook or instagram to do something else, since this pandemic lockdown, my family has probably used disney plus more than any other streaming devi ining app,e a lot of them. it seems like a no-brainer to release a large live action film that you would have considered a blockbuster before because you have such a captive user base right now, and those earnings reports that came out show how many millions of people are now paying a recurring charge on their credit card to do this it seems like a no-brainer, kell >> i think people could charge anything for "mulan" and they'll be glad for

ast incorporates disney plus much as 60 million or more subscribers. l -- it million by may. espn plus at eight million to 9 million. hulu at about 34 or 35 million subs. we are looking to a strong direct consumer numbers to help the stock here. vonnie: investors will be willing to overlook some of the theme parks, especially now that disney is putting in place a plan to try to reopen some of the theme parks safely. will the different streaming services have to keep up subscriber growth quarter over quarter over quarter like the other services to keep investors happy? tim: it is practically impossible for us to forecast numbers. i just gave some numbers we are looking for in coming quarter. guidance for the service that began in november in the u.s., up 60 to 90 million subscribers for disney plus globally in five years. we have been hitting the low end of that already less than a year in. that is based on numbers they have given us thus far. i think it is achievable. the interesting thing is disney is less and less a traditional media company and more

and i, like everyone, spent this past weekend watching "hamilton" on disney plus. of course, this being disney, hamilton now has a new sidekick, a plucky animated turtle voiced by mindy kaling. yes, "hamilton," the show that caused your aunt to say "look at the legs on thomas jefferson." now, "hamilton" did receive some criticism this week from critics who say the show ignores the fact that hamilton and thomas jefferson were slaveholders, which is fair. but if you want to talk about a lack of historical accuracy in streaming films, you should know there is not a single mention of the gay rights movement in "scoob." but i highly recommend watching "hamilton" on disney plus. i saw "hamilton" on broadway years ago and watching it on tv had all the magic of the broadway show with none of the discomfort i experienced realizing i somehow ended up in the same row but with really nothing to say to tobey maguire. and in some other big disney news, beyonce announced that on july 31st she's releasing the vaccine. oh, no i'm sorry, she's releasing a visual album on disney plus

we know that the media and studio division is going to be relatively soft and then the disney plus side which we know is the only part of this business that is growing, but the numbers for q2 has not looked particularly attractive and not particularly strong on this earnings report and if you look at the chart here, disney when they have reported -- when they announced disney plus the stock rallied up to 128 level and pretty important to be support for quite sometime before breaking below that during coronavirus and came back to retest that level as carter would say to the penny and got rejected here in june. it is trading lower since then but the real story is the underperformance here of disney stock compared to the communication sector it actually printed a new low relative to the sector here today. so if you couple that poor relative strength with the fact that you've had relatively weak guidance over a past couple of weeks from analysts i think that you have a potential miss here for earnings next week. now, the options are implying a pretty big move here about 5.8% compared to the

disney plus subscribers. 57.5 lien subscribers.t missed average analyst estimates of $58.4 million. parks business getting completely decimated. down 85% year-over-year. 983 million in revenue. the studio business also down. of course, the studio business includes much of the theatrical releases. we should point out that while advertising did drop, production costs also fell, which helped it post a pretty significant profit. caroline: let's have a look at beyond meat. still seemingly delivering in terms of adjusted ebitda. second quarter net revenue hitting the highest estimate. their outlook for the year remains suspended until further notice. we are currently off by almost 4% but we were down. tenderquarter average subscribers up 19%. romaine: way to go, guys. caroline: adjusted earnings-per-share, $.32. that is below estimates. overall, 12% growth in revenue. liking the market is not activision blizzard. this is a company that eat on the top and bottom line for the second quarter. third quarter also looks better than expected. t

the live-action veshgs of the 1998 animated classic streaming on disney plus september 4th. dditional $30. disney will release the film in theaters in markets where disney plus isn't available and anywhere theaters are open. a huge hollywood experiment releasing a blockbuster for additional cost. something disney's ceo called a one-off. the importance of disney, bright spot in an otherwise pandemic ravaged picture for disney. they lost $5 billion in the quarter. first loss since 2001. astonishing $3.5 billion as revenue cratered 85% from last year amid the park closures. disney plus says they have more than 60 million subscribers, something that took netflix years to do. kate? >> thanks, christine romans. appreciate it. >>> for the latest stock market news check out "markets now" streaming live 12:45 eastern only on cnn business. >>> joe biden is getting closer to picking his running mate. his wife saying we'll know who she is going to be. two women reportedly still atop the list, former national security adviser under president obama susan rice and senator kamala harris. as

so carl, it will be really interesting to watch that, as well as those streaming numbers for disney plus. >>> yeah, which continue to be years ahead of schedule as you know julia, i did notice this morning that bemo reiterated disney as a top pick but i'm not sure, david, what you think is most important. i mean, we know sort of the loss of the cash burn that comes from keeping the parks open at low capacity but it would also be good to get production back up in at least for, you know, get the backlog going for next year, and of course advertising the weakness continues to get reflected in names like google and our own parent last week. >> without a doubt advertising is still an important component. certainly we're going to want to see what's going on at espn, what ratings looks like. what the distributors feel like at this point, whether they want to continue or their subscribers want to continue payinghigh fees for limited sports programming. at least there is sports programming. we know court cutting is occurring at an even more rapid pace it's been accelerating, at least judging from

. >> you mentioned netflix, let me mention disney plus and instead of sending the live action mulan toaters where the top five movies over the weekend made less than a million dollars because of theater closures, they're going to send it to disney plus. controversial decision, you understand why they make it, though? >> of course, they have to. the thing is they've been pushing it down the road and pushing it down the road. when mulan was supposed to premiere back in march, the sense was we'll get on top of this and get it in theaters shortly. this is supposed to be one of the biggest movies of the year. but as time wepts on and we saw surges, they realized they have to pivot and create a video on demand within disney plus to have access to highly expected movie, that sought after film that folks were so excited about. but analysises are saying they don't think it will make as much money. they were predicting that mulan may have made as much as $750 million at the box office. you'll not bring that same amount of money in streaming in on demand. >> it is additional $29.99 on top of the

is typical ivity verizon unlimited or whatever -- my neighbors when they realized we got disney plushare the wealth i do think it's a driver i do think it tells you that the world is shifting, but speak of which, instagram's new feature suggested posts. here's how it works after scrolling through your feet, you see an alert saying you're all caught up, but now they're going to use that for suggested posts to use, including ads. >> i've never seen that come up, either but apparently once you get to the bottom of 48 hours, it says you're done. kelly, what is interesting, this could be taking another page out of tiktok. we know they recently launched reels. it's an endless amount of contact. for instagram it's a win-win more space to monetize, more space for ads and another hint-hint hit at tiktok. >> brian, what would you say >> robert frank and his facts and stats knocking me down he won that round. [ laughter ] >> number two, i'm not the guy to ask about instagram i just post music recommendations. i have a great music library, check it out. >> i didn't know there was an end to the f

valuation has become more attractive we do really like the subscriber numbers they are putting up with disney plus. we think there's a tail wind there. that's a positive for disney they are getting creative in terms of mulan coming o the streaming. for the longer term, we are in theconstructive camp on disney here. >> i don't want to just repeat what everybody said but i'll agree with it. i'll add one point they have $23 billion of cash on the balance sheet they have a lot of debt too. i wonder what they will do with that cash because they can do some very interesting acquisitions what i was going to say, thank you for that we're watching disney shares get a bit of a boost off of this news our interest would be peaked by the amazon side of this. it's such a battleground name given wrp we are in pandemic >> just what do you make of the news and some of the other stocks we're learning about here >> i think dan is one of these hedge fund managers who have been lamenting over the last few years or so. it seems like in march it was an opportunity for him to get into quality companies or compoundsers th

another big announcement, ceo said disney plus subscribers will be able to watch the mulan film for $29.9 #1 in the u.s. on september fourth this will be disney's first ever oaf to sell content on top of the monthly $6.99 subscription fee and launching a new general subscription brand next year under the star brand and what they acquired from fox seeing stock up another 6% the first reflex was to decline on the news. it seems like the mulan release will take $30 out of my pocket >> sure. i'm thrilled for any new content. anything you can give me, we will take in this house at this point. that's part of what you will see as this plays out. it was interesting how much that revenue had come down losing from the theme parks and how much revenue never developed from theaters opening. it is hard to get your head around the impact. disney shows you on almost every level. >> park revenues down 85%. the story is the differences of the businesses the streaming game and the rest of the pain. 100 million subs now for streaming between disney plus and espn plus. that beat goes on. how do you manage th

well a long way to disney blockbuster is skipping the big screen and going straight to disney plus to sing says that live action remake of the 1998 animated classic milan will now be released on its streaming service will be available on september 4 for an extra fee of scores from about $30 and that's on top of the regular fees that disney plus subscribers have to pay the movie will also be shown on the big screen in some areas where the streaming services on of a look at straws. >>just 3 months out from election day congress still can't agree on how to help states. i'm just beaten or in washington and all that story coming up. well before we head to break, let's go outside and take a little peek at the golden gate bridge. we have the typical bridge work underway. you see those flashing lights and that caltrans drug moving slowly on the right side of the only one lane available for now heading out of san francisco but southbound on the left at such new direction and it's nice and smooth we'll be right back stay with us. >>welcome back everyone while congress continues to debate the ne

they have a big library for disney plus. what happens to the theme parks at disney? what happens to the movie side of the business? earnings coming up "after the bell." we have chief strategist katheryne rooney vera, belpointe chief strategist, david nelson and constellation research founder, ray wang. >> hi, cheryl. cheryl: guys a lot to get through today. kathryn, i want to start with you to get your initial assessments on the market. we're riding coattails on a lot of megacap names that we're starting to follow but airlines and cruise ships are starting to get a little attention from investors and particularly airline and cruise industry has been a little worrisome. what do you make of those views? >> we have to look at the main motor of the market surge the past couple months and decide if it is going to continue. that is exclusively stimuli from both the federal reserve and u.s. government. i expect both to come with extra stimulus. i think markets go higher. we will invest in tech when there is a dip. if we see any retracement in the market, that is buying oppo

then there of course is "hamilton" which debuted on disney plus last month. that would be in the current quarter numbers. while everyone seems to be agog on how many times the broadway hit has been watched, viewed, all disney ceo would say on the call is that it was watched by millions and quote, a huge success. that success prompting disney to release its big budget remake of "mul "mulan" as a premium priced download on disney plus to the tune of 30 bucks a pop. it will also release in theaters where cinemas are operating but you tell me where that is. not many places have operating cinemas. right now, it looks like you want to spend 30 bucks for a download of "mulan"? we'll see. >>> the world of streaming at viewers' fingertips, we have to look at ecosystems that may go the distance in the stock market. let's get right to the floor show. guys, we've got teddy and scott and look at all of these logos here. it isn't just the direct competitors like hbo max or apple tv plus, right? you've got that ecosystem from roku and all the equipment makers as well. give m

the interesting points are the topics you were discussing disney plus opening mulan on a premium videomand and starting a new international dtc service. disney is going all in on dtc. >> does that make up in any way to the loss of a theme park? it is a lot but i got to image i millions of people going through the gates at the parks is a lot more >> in the past recessions, it has taken four or five years before you got back to peak attendance which was 2019. once we get a vaccine, there has been some damage to the economy. the trip to disney world is not inexpensive. there are a lot of families that will think twice before they book a year out $5,000, $10,000 vacation >> i want to look ahead kind of like my stimulus question. looking at the third round of stimulus, which is this fall monday night football. we all hope the nfl goes off we are trying. if it does not football is as a sport, a industry of itself i have got to image inn if we do not have nfl football in the fall, what happens >> we don't have nfl football, you've got an issue for disney and monday night football and a huge i

the film will be available on disney plus on september 4 for $30.re disney plus is not available. the film was supposed to debut back in march but was getting pushed back due to the pandemic. >>> coming up, a standoff at the county jail in san jose is over. details on the suspect and what led up to that their intense incident. plus, california tracking device cases may have been hampered. and cleanup underway across the east coast after a powerful storm hits that area. the very latest on the destruction left behind by isaias. >>> good morning. it is wednesday, august 5. it just happened to be my big brother marks earth day and i was watching at their. happy birthday, mark. >>> nothing better than a big brother happy birthday. steve, if we took his birthday cake outside, but candles might get blown around a bit. >>> i don't think they would last very long. a very cool birthday. we have a really cool pattern for us. a big fog bank. when it makes it to sacramento, that is pretty impressive. that's a solid onshore dip in the airstream. we have some driz

uptick in disney plus, the streaming platform. back to you guys. jackie: thank you so much for that. disney plus was a bright spot, parks, sports movies, got hit pretty hard. jonathan, liz peek, thank you so much for joining us. we'll talk a little bit more about this coming up of course. >>> meantime u.s. manufacturers are fighting back. industry leaders slamming president trump's plan to lower drug costs. we'll talk to a major player in the industry about the risk there. >>> plus a deadly tropical storm barreling up the east coast. torrential rain, damaging winds hitting the new york city area after slamming the carolinas. we're tracking that storm's path at this hour. >>> the at-home building boom, a high demand for lumber driving up prices. it is leaving box retailers clamoring for wood. will this trend continue? we're live at a lumber shop in chicago with more. ♪ an extra 15 percent credit on car and motorcycle policies? ok? that's 15 percent on top of what geico could already save you. so what are you waiting for? dj khaled to be your motivat

85% year on year in addition to theme parks, cruise lines, hotels and tours have been impacted >> disney plusce hits 60.5 million calling it an incredible success and the company will debut must lan straight to the streaming platform for a price tag of $30. the film was originally scheduled for cinemas in march disney is expanding further with a new international platform called star. we have global head of research with us. what they've announced with regards tomu lan how is this going down >> so many in the industry are old and tired and have a lot of traditions when you see disney taking on a new release method, it's exciting and they are showing creativity the price tag of $30 is an interesting starting point it is easy to start at $30 it is easy to take the pricing down but impossible to take it back up. it is a great way to test this type of content going trait to the consumer >> what do you think of the subscription number. pretty huge leap something we should be impressed by >> that type of growth is impressive in any environment the fact that they are able to show that kind of growth

global theatrical release viewers and much of the world will only be able to watch the film on the disney plus streaming platform if you know something i am blessed to adore i would. like milan who picks up the sword to save her family disney is trying to save its investment a steep streaming fini in addition to subscription fees is meant to help offset the company's gigantic losses. disney is still putting some hopes on movie theaters in china moulins red carpet premiere back in march came as the country was the 1st to shut its cinemas. now china will be one of the few countries to see milan on the big screen. now even though movie theaters are opening again in many countries a lot of festivals are going to streaming that includes this year's locarno film festival which kicks off this week not in locarno switzerland but online because of the realities of the global. and demick the festival has also dramatically changed its rules for filmmakers. at this year's will carnal festival the awards will not go to finish films but 2 works in progress for directors hard hit by the public crisis. say wh

i will be curious to see how it affects the likes of netflix and disney plus.as been pretty adamant it is going to be ok, but i think it is hard to imagine they will be completely unscathed by the pandemic. wely: over under, lucas, have about 30 seconds left. but, do you think kylar can retain the crown hbo has had for so many years under new management, having put out so many hit shows? can he continue that in the midst of all of this competition? lucas: i think he should be able to because who was already in charge of hbo programming remains in charge. the only question is does he get stretched too thin? does his team get stretched too thin tried to program hbo, hbo max and the turner cable networks? emily: lucas shaw, thank you so much for that update. you can check out more of his interview with the warner media ceo at bloomberg.com. we are still standing by for the president to retake the podium. he started his news briefing, but quickly left the room apparently due to some security issues. we have been watching him speak with his security officials on cam

did you get disney plus just to watch "hamilton?" jonathan: of course i did not. [laughter] lisa: i am shocked. jonathan: full anyone else try to buy tiktok? tom: i'm glad you asked. let's put it this way. disney has $14 billion in cash. billion inas $140 cash. you do the math. jonathan: i think microsoft has the money to get it done. did you see the line from chinese media? the irony won't be lost on anyone. by no means except the theft of a chinese media company -- by no means accept the theft of a chinese media company." apple, was a presence in china, hands off. say?zuckerberg, what do he i think it is well documented that the chinese steal from u.s. companies. that is the irony of this moment. tom: i know we've got to get to michael purves, but i think it is so important as you mentioned mr. zuckerberg to mention his commitment not to beijing or to washington, but to new york. his taking of the full office isce across penn station arguably the greatest statement on this island of manhattan since 9/11. it is very exciting for manhattan. jonathan: he is on a bi

disney plus has 60.5 million paid subscribers, 100 million overall and they are starting another streaming service next year. all of that helps. disney is up seven. >>> novavax, their phase one trial showed their vaccine to be safe and created an immune response. that stock is way up, 30 bucks a share on the upside. all right. something different. look at this. >>> the camera caught it. the tree sways, it leans and then finally it almost topples on to the house, just missing it. that's the impact of the storm which swept up the eastern seaboard. lots of damage all over. "varney & company" is about to begin. >>> the one problem i have, the debate's very late. it's at the end of september and a lot of ballots will already be cast by that time. they want to make the debates as late as possible. what's more important to me is the first debate be moved up so that when people are putting in their first ballot, they are going to know. stuart: you may have heard it on "fox & friends." the president right there wants the debates moved up so people can watch them before they send in their mail-in ba

period last year a long-awaited disney blockbuster is skipping the big screen and going straight to disney plus. >>disney says the live action remake of the 1998 animated classic movie line. well now be released on its streaming service it will be available on september 4th for an extra fee about $30 that's on top of the regular fees, the disney plus subscribers have to say the movie will also be shown on the big screen in some areas where the streaming service is unavailable. >>this little girl in colorado believes in the black lives matter movement you better believe it and she's not afraid to express her thoughts and public ahead the story of a new friendship sparked at a home depot. >>plus there's still no deal on the next aid package for millions of americans struggling during the pandemic how the white house is now pushing lawmakers to hurry up. >>and i'm tracking tropical depression eastside yes right now battering parts r the sweaty faces... and the hidden smiles. the foggy glasses... and the muffled laughs. a simple piece of fabric makes a big statement: i care. wear a mask. let's all

now, jim, but market reacting well to the earnings last night, certainly the sub numbers out of disney plusell know years ahead of schedule and now sell side commentary that reiterates this idea that disney is pivoting to a world in which we do go to heaters and get on planes to go to parks less. >> i think that there are -- look, this was a remarkable call, first of all, because the cost controls -- no one ever thought they could amount to so much i think in a lot of ways because people thought disney was so well there was nothing you take out. this was a cost call, it was remarkable when you get to the point where you actually have to defend that you have so much cash, i mean, just think about it. two quarters ago we were talking about having to suspend the dividend and the dangers that disney was facing. now they've got a lot of money, this he can wait it out, they can do whatever they want and there's so much good vaccine news that to not energy the vaccine news with disney is to lose why the stock to go to 135, 40 in a heartbeat. great conference call. you can do a movie and charge 29

is disney plus the only plus for the numbers? it is minutes away.cerns about three core businesses. the theme park business is a problem. disneyland is shut down for the fourth time in the company's history. disney world in florida reopened july 11th. it has been lukewarm. disney cruises is docked. that segment is worried. movie, tv side of the business, prongs shut down amid the pandemic. august 26th release of big budget remake of of mulan. on the tv side espn without sports they have been struggling. then there is robert iger. he announced he was is hing down as ceo of 15 years. but are investors going to have faith in that leadership? this is disney plus. they have a lot of fresh content. old favors. streaming hit with the broadway musical "hamilton" which likely drove the subscription numbers. pushing movies to the streaming service a lot earlier, frozen 2, that is available for three months early. there is muppet series which analysts say is pretty good. theme park opening could be a bright spot. baseball, basketball. the others say film busin

he will get a theatrical release in places where disney plus is not available and where theaters are in fact open. >>> we continue to follow the aftermath of a devastating explosion in beirut, felt hundreds of miles away. plus, the new school year starting for students and oakland this coming monday. we will talk with the superintendent of the school district about concerns over getting laptops to students that do not have them, and an ongoing dispute with the teachers union over what the new distance learning they will look like. >>> making a big splash in lake tahoe, we will introduce you to a northern california teen who made the swim across the lake. >>> good morning, welcome to mornings on fox 2. look at this beautiful picture of south lake tahoe. the mountains are in the background from the camera, on harvey's casino. i know this view very well. i love tahoe, and i have missed going. we have not gone because for obvious reasons, the pandemic. just traveling right now, not a lot of people are doing it. at least we get to see this beautiful picture. you know what a lot of people a

. >> my father cannot so i will t >>> the film will be available on disney plus, but you will have to pay $30 in addition to the membership fee for disney plus, and mulan will get a theatrical release in markets not available, and where theaters are open. the film is supposed to debut back in march, it continued to be pushed back, because of the pandemic. >>> we continue to follow the breaking news that we have been following out of san jose, sn off at the santa clara county jail. it is now over. what we know about the person who started firing a gun at the jail. >>> san jose's police chief is retiring, as we have reported, and now we will hear from him about his decision to move on after 28 years with the department. >>> from ktvu fox 2, this is mornings on fox 2. >>> welcome back to mornings on fox 2, we would like to take you live to the opening bell at the new york stock exchange this morning. in an interview with mornings on fox 2, president trump has said that he will suspend the payroll tax as part of his administration's effort to help the economy after the coronavirus shutdow

to see all the show-stopping moments for yourself, "black is king" is streaming on disney plus now.bringing it like she always does. >>> next, tennis superstar serena williams helping donate more than 4 million face masks to schools around the country as kids prepare to head back to the classrooms in the midst of the covid-19 pandemic. the three-time grand slam champion is on a mission to help keep students safe and provide masks to those in need. partnering with t-shirt company bella canvas and the national school board association and scholastic, the masks for kids program will also work to provide educational materials about masks to 54 million children in 115,000 schools. plus, in addition to over 4 million masks donated, for each mask purchased, another mask will be donated. serena saying, quote, i'm grateful to be able to help educate our schools about this resource and to be given the opportunity to serve so many. so doing a whole lot there. >>> all right. big celebration for elton john who is celebrating a huge milestone. 30 years sober. the singer taking to twitter some pho

mulan, finalmente tiene fecha de estreno y no seÁa en cines, serÁ en septiembre pero a travÉs de disney plusoy tendremos una conversaciÓn con amaury vergara todo aquÍ en "titulares y mÁs" es presentado por coors light comenzamos Órale ♪

>> "magic camp" on disney plus is adorable.s vibes that i need right now. it stars adam devine who plays an out-of-work magician tapped to teach at a summer camp. also teaching that summer is another magician played by gillian jacobs. they are rivals, they are exes. you can guess what's going to happen, but that doesn't matter because the real standout here is the kids who are acting in the camp and the magic tricks, including one hilarious moment with some lucky charms you are not going to want to miss. >> yeah, i think i could probably get into that. and how about music? tell us what you recommend. >> it is time to dance, guys. first up is gloria estefan's new release "brazil 305." this is her first album in seven years, and she has still got it. the album features re-imagined hits all with a samba flavor that i'm going to be shaking it up to all weekend, i assure you. also on repeat this weekend is that miley cyrus song we were talking about. "midnight sky" dropped friday along with a super sexy, super '80s music video that

overnight only and walt disney will sell access to its long-delayed milan live action movie through disney plus for 2999. that is the cost to download it. the movie was set to be released in theaters. it was delayed numerous times due to covid disney will also launch a new international streaming service under the star brain and live from new york, i'm jane king back to robin everybody's excited about online. thank you jane marty. >>and coming up on the kron 4 morning news parts of beirut are in shambles this morning following that explosion that killed dozens of people in lebanon will have the latest details for you coming up. bring it back home to the bay area, let's take a live look outside karl is busy at the golden gate bridge so be extra careful if you're heading from are in or tumor in this morning, we' >>7.23. good morning, welcome back it is a national day of mourning in following that massive explosion in beirut. dozens of people were killed and thousands more were injured in tuesday's big blast. john lawrence has the latest. >>major damage in beirut tuesday after a massive explosion

about digital, i think what really is driving this stock higher today is not just the fact that disney plus is doing so well, hitting 60 million subscribers, four years ahead of the goal of hitting between 60 and 90 million subs so really far better than expected in terms of disney plus but also the fact that the company is really doubling down on digital they're committing to build another digital streaming service, internationally, also talking about this mulan strategy, offering mulan at $30. really interesting to see the company push even further in that direction this at a time when the parks are struggling let's take a closer look at the park segment, taking a $3.5 billion hit due to the coronavirus. joining us now to discuss that is former design manager at disneyland paris, bill cohen he is currently running itech entertainment the firm's specializing in theme park design and production. now, tell me what did you think about these theme park numbers, $3.5 billion hit to the parks. some talk on the call about how perhaps people were making reservations and then canceling them when th

well a long disney blockbuster is skipping the big screen and going straight to disney plus lot of folks have been waiting for this disney says the live action remake of the 1998 animated classic milan. well now be released on its streaming service, it's going to be available september 4th for an extra fee of course it's going to cost you 30 bucks and that's on top of the regular fees that disney plus subscribers pay are ready. the movie will also be shown on the big screen and some areas where the streaming service is unavailable. >>and still ahead this morning police are noticing a troubling trend in san francisco will let you in on which crimes on the rise as more and more people are staying indoors and let's take a live look outside at traffic on the san mateo bridge. both sides moving a smoothly but especially heavy you spoke. we listened. tiny tacos are back for good! grab a box of 15 or try them loaded. get 'em now with no contact delivery. but as californians we'll get through this together. if your income has been reduced or you've lost your job or your health insurance, covered

. >> rob: your movie on disney plus next friday. you're the best for coming by.t to kiss the ring, thanks. >> great talking to you, thank you. stay safe. >> rob: you bet. and we will be right back with our health care hero of the week. ♪ my nunormal: fewer asthma attacks. less oral steroids. taking my treatment at home. nucala is a once-monthly add-on injection for severe eosinophilic asthma. not for sudden breathing problems. allergic reactions can occur. get help right away for swelling of face, mouth, tongue, or trouble breathing. infections that can cause shingles have occurred. don't stop steroids unless told by your doctor. tell your doctor if you have a parasitic infection. may cause headache, injection site reactions, back pain, and fatigue. ask your doctor about nucala at home. find your nunormal with nucala. businesses are if ydo better than that? ask your doctor about nucala at home. to new customers. what if you could come back stronger? faster. better. at comcast business, we want to help you not just bounce back. but bounce forward. and now, we're c

then you have the disney plus side which we know is the only part of this business that is growing.rs for q-2 haven't looked particularly attractive here going out to august, i'm buying the 115-105 put vertical here, paying about $3.85 for the august put and collecting 90 cents for the august 105 put. >> as it turns out, disney had just enough magic left in it to surprise to the upside. >> this trade didn't work out, obviously. we cut losses as we put out the tweet here on wednesday. but the most important thing to remember is as an investor you're always going to have trades that don't work out this is a trade structure that only risks 2.5% of the underlying stock price in terms of risk on this particular trade. this is a prime example of how you can utilize options to keep risks low. >> uber shares might hit the brakes after earnings. >> one of the things you look at are ways you can capitalize on the elevated options premium and take a neutral to bearish view i was looking at selling a call spread, specifically the august 30.50-31.50 call spread. i can collect about 40 cents on t