increasingly refined consumers are taking multiple purposes of the price would love netflix and disney plus be in aggregate, low enough that as consumers you can take two, three, four or five of those. now disney isn't the only one looking at a streaming service and there are plenty of other big and small studio and production groups with similar ambitions and the question is how many subscriptions can the average household support? it will not be 20. could it be 5— ten? maybe. household support? it will not be 20. could it be 5- ten? maybe. all of this adds to the intrigue in the yea rs of this adds to the intrigue in the years long guessing game of who will replace big boss at disney. very much. the rollout of the new strategy over the next year or two also will be a key determining factor as to how it unfolds. on the fence, richard! have a lovely weekend. thank you for coming in. this weekend is singles day. the online retail event was started almost a decade ago by chinese e—commerce giant alibaba and has fast become the biggest shopping day of the year, outstripping black friday and cy

the disney plus service will probably do well also, just knowing my own history with disney with my twos, we sort of spend all the money on the disney stuff i feel we will continue to do that but i think one problem is the competitors, especially netflix, are kind of entrenched you'll get additional sign-ups for disney, but it will still be like a thing where you subscribe to many services i think, and if you kind of want one service, netflix is kind of offering this all you can eat system that has content for a wider variety of people, especially around the world. i don't think this does much to hurt netflix i don't think that's disney's point, but i think we see a world where many of these can survive and thrive probably. >> walter, to that point do you think disney could take subscribers away from netflix or given the fact there's strong branding power for both companies, what it does is make it harder for future offerings that maybe haven't hit the market to be able to bring on subscribers? >> i think it will make it harder with things like at&t and hbo franchise to now come into th

year featuring the marilyn bronzed plus fox's national geographic. >> t product will appear on our service and not third party services. >> as for disney's first direct sumer app espn plus iger says it's doing extremely well. >>enderstands that the fundamental thing about pennsylvania digital economy is that you can go direct to consumer. he is not burdened by having a cable network -- i mean cable, you know, operator. but he has espn. and he is shifting that away so that it canec got to consumer. >> iger says the company is also planning to invest in hulu and hoping to grow it internationally. iger telling me that after disney's squiks of fox closes he woul i be intereste buying the remaining 40% of hulu from him nbc universal and at&t warner media. >> our plan is to -- to invest in all three services, the espn service, disney service and hulu service so we achieve our foles in terms of not just going into the direct to consumers space but transforming the company by being in the space. >> witho many streaming options including netflixnd amazon investing heavily in content, the question is how many ofhese services customers will be will

you touched on that, too they're working on disney plus, which is the name they've given to their globaltreaming services the question is do they have enough content and will their tech work effectively enough to go global with the service that makes a real impact and can take a bite out of netflix's success. >> what do the people you talk to think it's a crowded space out there >> that's the question can the market support another one of these services or how many can it support? netflix is in every major market globally, more than 125 million subscribers. investing recording amounts in content. disney is launching some segmented services within a service. so the main disney plus service will have a marvel channel, a lucas channel, national geographic channel you wonder whether or not they would be better bundling that with hulu. hulu they will run separately and invest in that they are also taking hulu internationally. there's a question mark over that >> you mentioned those things here, let's be clear, disney is going to bank its future on disney plus to two things, "star wars" and ma

its own answer to netflix, called disney plus, will be launching next year. netflix how worried he is. i think it is more like nikkei and adidas, you know, to great competitors around the world. they are formidable, they have so much content, star wars and marvel so they will be a great competitor —— nike. that will push us do the best work of our lives so we are really excited about it and we have been competing with amazon for more than ten years so we used a healthy, strong competition and it makes us better. he certainly seems quite unruffled, shall we say. good morning and thank you for coming in, priya. is he right? that is dull results from disney, what do they pose to the likes of netflix? they disrupted their own business model, instead of mail order they went to randwick and streaming and the disruption has been successful so other movie houses like disney are moving in the same direction and they have to because that is where they have to because that is where the consumers are going and the advertisement revenue is. competition is good so he is ri

and people giving up on espn. >> yeah. >> we're really getting investors looking forward to what disney plusan be. with netflix trading over 100 times earnings, disney trading at less than 20 times earnings, if it gets halfway to netflix's multiple, looking at 300-dollar stock here. >> yeah. >> i think what is fascinating about this, they are saying they want to keep hulu and the other services? david: why is that significant? >> there was a lot of talk getting rid of hulu and comcast buying, comcast is 30% partner. disney owns 60. at&t, because they own our piece, at&t owns 10. comcast has almost zero over the top offerings. the buzz comcast wanted to go in, entice disney to buy it. looks like they will keep it. sounds kind of odd, keep that and the other three? >> comcast got all of that, sky, bob iger was asked about that. we want cry over it. obviously we would have wanted the asset but in this case you have to work what they have. they mentioned operating income, expenses will be impacted in the first quarter because of their continued investment they say in espn plus, in disney plus. a

disney plus will consist of disney studio content as well as marvel, "star wars", pixar franchises but no word yet on what disney will charge for the service. maria, back to you. maria: thank you so much but washington dc was only the focus is weak. investors pricing for possible change on capitol hill with midterm elections changes. assumed blue wave it certainly was not but it was more of a ripple. democrats in control of the house and rub against strengthened their hold in the senate with both results expected. what will the undivided congress made and for your money? president trump for recognition director and founder of average capital, anthony scaramucci joined me now. anthony, great to see a. >> great to be here, maria. you do an amazing job on the show. way better than me, i might add. a little disappointing for me but i do love you. maria: and i love you. >> love the set and the holding. maria: the book, blue-collar president, can graduations on the book. let me get your take on what has happened this past week. we know it was the fact that the dems at the house they do take

the company will remove all content from netflix and announced their own streaming service called disney plus isn't going down easily they're taking aim at animation. breaking down the biggest players in children's entertainment, joining us is brent lang brent, welcome it sounds like disney is saying take that netflix and netflix is saying take that disney we're both going after the core. is it possible they both could succeed? >> absolutely. it's completely possibly they both could succeed you're talking about companies investing heavily in the animation space they see an opportunity here, and they're pairing with some of the biggest names in the space netflix is signing with the director of "little mermaid" so obviously they're investing heavily and betting big they can be a big player here >> there's a real -- i don't know if it's symmetry or asymmetry, disney would seem to have the head start on animation and programming and netflix has the big head start on streaming services. >> you're right. each has an advantage. netflix has a head start on where disney is. they have 130 million -- >>

disney plus will launch in 2019 and it will carry pass titles and original series. iger announced new details about the service during the company's earning call yesterday. iger said new content from franchise like "star wars" and marvel is expected. disney will pull all of its movies from netflix in 2019. >>> and the toy hall of fame announced the 2018 inductees. the magic eight ball, uno and pin ball are receiving the honor and recognition of their staying power and influence. they will be on permanent display at the hall of fame in rochester. >> not bad, especially when you consider they beat out contenders like chalk and tick tack toe. >> yeah. >> that's a good one. i love uno, though. i'm glad it's on list this year or that it made it this year. >> me too. family favorite. diane king hall at the new york stock exchange, thanks a lot, diane. >>> thank you. >> still to come, military troops to join agents at the southern border. to join agents at the southern border. do i use a toothpaste that whitens my teeth, or one that's good for my teeth? now i don't have to

plus, disney's new kingdom is all about streaming. can they justify their purchase price for fox?s is bloomberg. ♪ ♪ francine: economics, finance, politics, this is "bloomberg surveillance." i had of the global corruption scandal, then chief executive of goldman sachs, lloyd blankfein helped personally forge ties with 1mdb. that is according to people familiar. ,e spoke to the chief executive who addressed of the scandal in day to be with us on wednesday. >> it is obviously very distressing to see 2 former wentan sachs employees who blatantly around our policies and blatantly broke the law. the matter extremely seriously and we continue to work with authorities as they investigate ir. the people involved, because there are 3, 2 of those come other one who pleaded guilty, and the other who is said to have known about the scheme, were partners in the investment bank that you run for 12 years. these were your guys. how does that make you feel? ongoing.vestigation is i feel horrible about the fact that people who worked at doesn'tsachs, and it matter whether he was a partner or an ent

we have more details on what will be on disney plus. new star wars tv shows. the tramp remake. anna: netflix and disney approaching this from oxidants. netflix coming with technology and bringing the content. how -- what is disney going to do with its acquisition of the bulk of those fox assets? what is the strategy to integrate those? >> that plays nicely into that streaming service, disney wants to make sure it has all the best entertainment video on that service. avatar, thet x-men, simpsons, planet of the apes. that's a key part of making it an attractive operation. dealhope they complete the by june of next year. they got eu approval this week. a big boost to them. conditional on them selling some of the factual channels. progress is going well with the acquisition. it's a case of getting those final regulatory approvals. anna: thank you very much. our media and telecoms reporter. coming up, speaking to allianz. the owner of pimco shrugging off bob markets within an $11 billion inflow. we will talk more about that. this is bloomberg. ♪ anna: good morning

and it wants to launch its own streaming service, disney plus, to rival the likes of netflix. a huge amount of content to offer. what is more, it says it is removing all of its disney content off netflix. so, is the boss worried? here's reed hastings. i think it is more like nike and adidas — you know, two great competitors around the world. they are formidable. i mean, they have so much content, star wars and marvel, and so they will be a great competitor and that will push us to do the best work of our lives, so we are really excited about it. and we have been competing with amazon for more than ten years so we are used a healthy, strong competition and it makes us better. alice enders, a media analyst from enders analysis is with me now. alice, it seems obvious why disney would want to enter the streaming world, but is it a bit too ambitious of them? as you say, obvious because it wants to own the consumer relationships and understand what motivates people to watch this amat. ambitious, yes, because it's not the first kid the block. not only is there netflix, there is amazon

these are the brands that my kids watch and i watch >> disney plus sub don't need to exceed netflix >at's my point i feel that bob iger, the fact that he's staying, he has a legacy and he's going to get through 2019 through the promise land >> the president we'll hear from him in a minute. one of the headlines he's making is the decision on keystone excel was a political decision he says, a disgrace as we continue to watch oil now 59.5, jim, we are on track for ten straight >> we are starting to see th that -- people did not think that that's just broke. i got to tell you, we got too much oil the pump is going to come down and gasoline is going to come down i am going to break it up here now. cramer's report of the last part of faber's name. i understand that china is offering subsidies under the table basically to companies to not move to china. they are basically subsidizing so they don't move to vietnam. this is going to cause not higher prices and it may be why some of the retail stocks are doing better >> nobody knows it >> no, i just broke it >> five straight months of declining

barton: disney stock is facing a decisive moments in the quarter when they roll out the disney plus servicedevelopment that is disney's answer to secular concerns that have been the dead weight on equity for much of the past couple years. if they roll this out and there is a consumer embrace, concerns about exposure to traditional of the the optimism ability to grow and the direct to consumer area, increases. that is a make or break moment of the equity. that is still a ways away. alix: fair point. how muchare talking, money they have to spend on that development in marketing and what that does to revenue? have you done estimates for what the cost rises to? barton: we are beginning to get disclosure. million onking $100 sports spending for espn plus service in the december quarter. some of themple of things that will come with disney plus. the net cost and the ramp up will be several hundred million dollars at the beginning, something is certainly going to be estimated, but doable for disney. the key is, will this by them love from consumers -- buy them love from consumers? that could be a

it will be called disney plus. iger announced the name on the call with investors on thursday. the service is expected to hit the u.s. market next year. it will include content from disney and marvel and "star wars." iger says they plan to elevate the experience to enhance the value to consumers with the custom pipeline of exclusive new content as they move forward. keep in mind, if you are looking for disney content on netflix, it will not be there next year. >> a game changer. record profits for disney. >>> "early start" continues right now. >>> i will not sit idly by while unethical liberals steal the election. >> claims of voter fraud. a narrowing race. recounts expected. deja vu in florida. >>> please, please, please pray for us so we get out of here okay. >> several raging wildfires in california and the fire-nado you see there. evacuations under way as flames charred tens of thousands of acres. >>> the thousand oaks community mourning 12 people gunned down at the pbar. >>> and robert mueller's final report is

disney plus will consist of disney studio content as well as marvel, "star wars", pixar franchises but no word yet on what disney will charge for the service. maria, back to you. maria: thank you so much but washington dc was only the focus is weak. investors pricing for possible change on capitol hill with midterm elections changes. assumed blue wave it certainly was not but it was more of a ripple. democrats in control of the house and rub against strengthened their hold in the senate with both results expected. what will the undivided congress made and for your money? president trump for recognition director and founder of average capital, anthony scaramucci joined me now. anthony, great to see a. >> great to be here, maria. you do an amazing job on the show. way better than me, i might add. a little disappointing for me but i do love you. maria: and i love you. >> love the set and the holding. maria: the book, blue-collar president, can graduations on the book. let me get your take on what has happened this past week. we know it was the fact that the dems at the house they do take

up 2% in after hours trading, meanwhile disney also announced its new streaming service called disney plus is launching in late 2019, the streaming service would consist of disney studio content in addition to pixar marvel the star wars franchise and also national geographic, still unclear what disney will charge for the service. lauren: watch netflix stock today on that announcement. more details at least. tesla could be getting more competition from overseas? tracee: volkswagen plans to sell electric cars for less than $23,000 in an effort to keep up with tesla. vw plans to make 200,000 of entry-electric vehicles. cheryl: everybody going electric, another retailer has got black friday, early deals that we are still talking about? tracee: two weeks away from black friday, best buy just released its 52-page black friday ad but some sales start as early this sunday night, hundreds of deals including ipad pros, 4k tv's, other home, electronics, near 1,000 best buy stores in 47 states opening at 5:00 p.m. on thanksgiving, most stores close at 1:00 a.m. and reopen at 8:00 a.m. on black friday.

the reason they are suing disney. plus, honoring a hero. a widow - late husband - who died saving others in last week )s mass >> it's hard. >> a widow remembering her late husband who died saving others in last week's mass shooting in thousand oaks. all new, the exclusive conversation. what she's saying this morning. >>> well, in our other top stories, disney is reportedly facing a new legal claim from a woman who says her stay at a disneyland hotel became a nightmare due to bed bugs. the "l.a. times" reports that the woman stayed at the disney world in anaheim earlier this year. her attorney shows photos that claims show bite and welts. the lady is suing the resort for emotional damage. disney has not seen the lawsuit but calls the occurrences extremely rare. >>> back in the bay area, your commute might be undergoing a huge change. there's talk about another transbay trail crossing for b.a.r.t. that trail would help connect riders from the peninsula to sf to central valley. it would also double capacity and helping to cut back on train cro

they are calling it disney plus. the entertainment giant's high risk plan to take on netflix as it comes laden with huge content, tech and marketing expenses. disney reported record profit thanks to theme parks and movies such as "black panther" and i think "the ant and the wasp" thing that my son made me see did really well. yelp, as in the sound of pain for the company that depends on crowdsourcing for reviews, yelp slashed its forecast as it gets hit by sliding local ad revenue. the stock is getting hammered. forget hit. hammered, down 27%. and we got the producer price index surging for october. what is this? it gives us an indication of inflation at the manufacturing level. that looks like inflation to a lot of people here. this is the fastest pace in nearly six years, jumping .6%. services and energy driving the gain. inflation bolsters the case for the federal reserve to say yep, we're hiking rates in december. today at 75.8%, that is up four percentage points from yesterday for the fed funds futures where they

disney plus. so that story playing out big for netflix shares this afternoon. connell, back to you. connell: good enough. melissa: let's bring in today's market panel. jack hough baron's senior editor and carol roth. what do you make of the move in oil and what is driving the trade? >> i think oil is one of those things that is always a bit of an overhang on the market. it is very difficult to predict but i actually think something else is going on here, melissa. i think investors are grappling with a narrow but very plausible path forward. if you have earnings you think are perhaps not going to be that robust next year, obviously that is not going to increase valuations. but for people who think that earnings will be very robust, there is concerns about inflation and the interest rates and the fed continuing to raise those interest rates. so that means we have a very narrow path to increase valuations. and i think that traders are trying to get their heads wrapped around that. melissa: jack what do you think of that theory? >> i really agree with that. the outlook next year is 10%

it's called disney plus, hopes to compete with giant streaming netflix, mark, will disney be successful in competing in this streaming war, what do you think? >> well, it's great to see that disney is putting their focus here, this is really a forward-looking visionary strategy that iger has in place, they are willing to take on netflix and they understand that's where the market is going, look at what the market valuation has done to netflix, that is where it's going. you also look at their legacy businesses, the studios are so strong and the pipeline for next year it's like an all-star line-up, it's almost impossible for next year not to be big at studio for disney and theme parks and revenue was up. they have a multiprong strategy that positions them incredibly well, i have high confidence in management executing it and e y e, i think they are in the right space at the right time. maria: disney with streaming service, apple will come out with streaming service, i'm wonder what this does to netflix, would you buy netflix at these levels given valuation and all of the competition comin

now we know it will be called disney plus, coming to our screen sometime in 2019.tive. will look at who is leading the field in japanese carmakers after russian earnings this week. this is bloomberg. ♪ tory: we are counting down asia's first market open this morning. japanese futures falling now by 3/10 of 1%. it could be a gloomy day in japan when it comes to the weather and also the stock market. we saw them rise a two-week high but we did not get a strong bead from wall street. the japanese yen is a little stronger today. this is daybreak asia. be watching shares when tokyo opens after second-quarter profits fell 8% on year. they blamed a rise in raw material costs. but that the results in context. manager at forecast ihs market for japan and chinese vehicle sales. what are your thoughts? think it is a slowing down for the economy and the auto market in the u.s. and european countries slowing down. on the other hand for china and japan, some of the asian , there is a balancing out, particularly for the japanese market. paul: we had a mixed bag. toyota had weaker

it's got a new name for its streaming service, disney plus. this disney stock. i don't know when you bought it but i know you did buy it. i know you are a big fan. i guess you were right. >> i bought it in the high 90s, i bought it on what they are going to do with streaming. two words with disney. wakanda forever. they create things like the black panther, they had five of the top ten movies this year. but out of those, two of those, invincible and black panther, were created recently. these are multi billion dollar franchises. once you create a movie, the ant-man or wasp man, and you have all these spin-offs, you create multi billion dollar companies out of each one of these different platforms and that's what disney is so great about. i think they have a real challenge here going after netflix. i think they will do a great job. if you look at espn plus, it's done a fantastic job. i'm a subscriber, i'm a sports fan, i absolutely love it. i think they will do the same with streaming as well. stuart: you got to want bob iger to stay on as runn

disney did announce fmore detais called disney plus >> as well all know nearly revealed it.ited. >> jim said netflix has no reason to be quaking in its boots. the reaction today is negative >> it is you have to keep in mind pretty much all got hit hard today. reacting to something not just about disney but i do think it gives reason to wonder if netflix is going to kind of steal all of the oxygen dm this area >> for a long time what's the value for 100 million in a world where everyone is going in their direction? i think disney, the response there is good results in general. the studio has momentum. you can look to things besides the direct consumer app to say you have reasons that the business is doing pretty well. also i think it's funny. there are going to be noisy financials it is for the new technology. zb >> consumers have a lot of choices. it will mean lot of margin pressure you better not be selling for triple digit multiples i think it will be challenging for netflix to define itself moving forward >> we talk about it it's not just in amazon prime it is in other pa

of it is to me focused on streaming services so i think there's excitement to come out about disney espn plushulu services so i think it is a buy for disney right now in my opinion. >>more competition for netflix watching so-called fang stocks in last couple of months as they give up a lot of value that they that they gained. we got the jobs report a blowout jobs report or for the month of october. we got that on friday. it's a gift if you ask a lot of people for republicans as americans head to polls. tomorrow, but we did see that wages grew 3.1% year over year. what does that mean for reserve that we got that basically best wage growth in a decade? >> yeah lauren it was refreshing to see this we haven't seen this once in the last administration so it was a big change. i think this is speaking to where is inflation. and i think this is what the fed is focused on right now 3% wage growth this is telling us that we're starting to see inflation in the market. but you know the question is is how long will that trend of inflation or wage growth continue and for me that's concerning but i think th

plus disney they will report after the bell as well. we'll have a preview for you next.r large cap equity fund has exposure to energy infrastructure mlps? think again. it's time to shake up your lineup. the alerian mlp etf can diversify your equity portfolio and add potential income. bring amlp into the game. before investing, consider the fund's investment objectives, risks, charges, and expenses. read the prospectus carefully at alpsfunds.com/amlp charles: taking a look at the major averages as we head into the final hour of trading, remember the fmoc meeting just finished. wall street still digesting almost 300 pages there. also today after the bell, disney got a report there, earnings, the media giant expected to report earnings per share that they have jumped 25% from a year ago to $1.34. also looking for 7.5% increase in revenue to 13.73 billion. investors of course always focused on guidance, particularly the disney $71 billion takeover of our parent company, 21st century fox entertainment assets. that's going to probably close by the end of the year. let's discus

acquisition of fox which is going to give them a lot more studio capacity they have the launch of disney plusnd they're going to control hulu i think they're going to progress aggressively. it's a content-driven story. i see it as investing for the future and disney is one of the few companies out there that has the content and the balance sheet to be a global direct to consumer player >> i guess when your content includes, you know, putting everything that you do visually into your theme parks, you've got to keep updating your theme parks. >> the theme park business looked really strong last night. i actually took my numbers up for parks and resorts for the coming fiscal year i mean, you see the same economic data i do you have a tightening labor market, wage growth going up disney is going to open its most ambitious parks next year with star wars land it is gate for them to be compounding earnings at a high rate right now >> we were talking about ge a lot today. the only reason i reference it, when they owned nbc and nbc universal, it used to drive them nuts, the film business. because they

. >>> plus -- how this movie premiere became a disney princess spectacular. >> i never thought it woulda possibility. >>> then leann rimes shares her new holiday music and her best christmas gift ever. let's see santa top this. >> that's a good one i think for sure. ♪ >> closed captioning provided by -- ♪ >>> most unsexy thing about me? oh, i don't know. come watch me at home. you know hanging around in my daddy clothes doing the dishes. >> look here, fella, you couldn't be dagy if you tried. >> did he invite you to his house? >> i think so. that was chris hemsworth back in 2015 failing at being unsexy. but look, the former sexiest man alive did take home another title this year, sexiest chris. >> sexiest ryan went to ryan reynolds, his friend, hugh jackman won sexiest hugh and sexiest michael? michael b. jordan. >> no lies told there. there's more sexy to go around starting with the bradley who was born to make the list. >> definitely. >> 43 years old. 6'1". those piercing blue eyes. bradley cooper is named the sexiest triple threat. ♪ in the shallow >> yes, now we know he can sing, di

disney. they did well with the espn plus. now the company on larger basis with the direct to consumer business doing it on their own. >> that is the key, connell. for so long, everyone would go straight to the espn numbers to see how many cable subscribers they lost. that is flipping around. now the number of digital subscribers they can offer or continue to grow. if we look at the subscriber service i would like to know when. to be honest they have been late to the party. when they get to there, it will be fanfare when they come through the door because they have so much content. connell: susan was digging. >> my mic was off. connell: ashley cut the cord. >> a lot of people cutting cords these days. that was it. i wanted to bring it up. glad you found it. they were looking forward to the direct to consumer business being launched at some point, possibly middle of next year. espn plus was launched april this year. it was a slow pickup. looks like signs are saying more draw for subscribers as well, especially cord-cutters. cor

disney has seen success with its sportscenter streaming service espn plus, which gained more than 1 million paid subscribers in its first five months. and those are your cnbc business headli headlines. laura and marcus, back over to you. >> thank you, frank. >> it's 4:40 now. coming up next on "today in the bay," we are tracking some major wildfires that are burning, both in northern and southern california. >>> and you can see and smell the smoke as you head out the door, as we look at the headlights that, is not fog, that is smoke, and we're going to have to breathe that in, as we field some cool temperatures this morning, but it will be warming up today. we'll talk about the temperatures and what else to expect, coming up next. >>> you can see the bay bridge from emeryville looks fine. twinkling. there's a lot of stuff in the air, you can't make anything beyond the closer buildings. we'll talk about what you'll see as far as your drive goes, coming up. >>> welcome back to "today in the bay." we are covering breaking news on this friday morning. two massive fires burning in southern calif

windchills coming to zero, we will break down what you should expect and disney reporting earnings later today, we have a preview, plus closer look at streaming board as disney shares trade at 117 and change right now. broader market is lower this morning after powerful rally yesterday, futures indicating a decline of 86 points at the start of trading this morning, that's down a third of a percent. s&p 50 down almost half percent and nasdaq decline with 3 quarters of 1% now, down 50 points, investors are waiting on fed decision due at 2:00 p.m. eastern today we are not expecting fed to raise interest rates, look at the market performance. big day following midterm elections, indices all up better than 2% with dow industrials recording 545 point gain at the close of trading, nasdaq was up almost 200 points, two and two-thirds percent higher for the nasdaq, 194 points higher yesterday. in europe this morning, take a look at what is going on, we are not seeing much follow through. quarter percent, but the cac quarante and dax index are down fractionally, asian markets overnight also mixed, take a look, mixed performances

disney bought fox's entertainment assets. as part of that it got 22 -- 21 regional sports networks, plus a majority stake in yes. that's the yankees entertainment network. there's now an auction going on for 21 of those. put yes to the side. why is the auction going on? they have to sell because it's doj antitrust rules. disney already owns espn -- too much overlap. here's what's going on. what we have learned is this exclusively. second round of bidding has begun this week. we understand from people close to the deal that the second round could end by the end of the year, early next year. the latest potential bidder has not put in a bid yet, this is fascinating, it's major league baseball. people inside major league baseball are telling fox business they are what's known as kicking the tires on a potential bid. why would they care about this? well, remember, major league baseball licenses out its broadcasts. liz: 600, we're up 600 points for the dow. >> digital rights, it basically sells, licenses out to various players. it would lose that money but it would be in the middle of this thing where it would get sub

plus housekeeping exposed. what hidden cameras found in some of the world's most popular hotels. >>> a long lost disney film from the days before mickey mouse finally found. >>> and good morning, everyone. i'm kendis gibson. >> and i'm lynda lopez. we begin with that historic storm blasting the country with up to a foot of snow, ice and freezing rain. >> the early season nor'easter moved in with intensity from the midwest to the carolinas and up to new england where rain, sleet and snow is causing havoc again this morning. the timing couldn't be worse for cities like new york. wall-to-wall commuters cramming into the port authority bus terminal there waiting hours for delayed buses to take them home and more chaos expected today. abc's kenneth moton has the latest. good morning, kenneth. da. you guys know it, quite a mess throughout the northeast here. it took people hours to get home. the day is starting out with more travel problems after this storm wreaked havoc. overnight, that nightmare november nor'easter. >> watch out. >> reporter: causing treacherous conditions and emergencies up and down the coast. new

disney movie. >>> that's how you start the morning. remember "the lion king," we're going to show you the live action version of "the lion king." plus, raider donations to help the fire relief and recover efforts, how much the raiders gave to help victims of the camp fire, that's coming up at 5:00. >>> it's going to be a rainy friday and i'm not lying, dave, dave? >> there you go, we'll have more coming up. >>> good morning, a deadly shooting in alabama happened at a shopping mall, we'll tell you what happened and how many people were hit by the gun foyer. >>> and shopping in black friday, kicking up early in the bay area, shoppers who endured the rain to get the deals the day before black and thank you for joining us, on mornings on 2, it's friday, dave clark. >> we have steve paulson and i'm allie rasmus in for pam cook. >>> we have more rain as allie rasmus touched on last night. it's one of the days where it's off and on light rain to steady. ke one of those steady days where it keeps going and going, it doesn't mean it will be tenuous, it will be light moderate and light and moderate. this is a warm system, it's around lake lev

disney set to report results after the bell we'll tell you what to watch and how to trade it ahead of the numbers. >> plus, wynn's big warning. wynn turning into a loss it has investors running from the sector what is ahead and should you steer clear of the casinos we'll tell you why consumers are suddenly questioning why buying a home is a good investment. that and more as power lunch begins right now >>> welcome to power life. a mixed picture on wall street the fourth day of gains. the s&p is off by four points and the nasdaq composite is down 30 financials and consumer discretionary are leading. utilities and energies lagging wall greens, verizon, and jpmorgan and patter pillar leading. l brands higher after raising the outlook. the same stores jumped dr. horton on the red in the revenue miss, and oil in the red. the etf that tracks this sector, xle, down nearly 10% in a month. let's go to dom with a look at how far we've come from the october lows and what's moving us there >> con tes have a, great points about the market action. remember for the subpoena subpoena the broader markets, we've seen broad

plus our crafted blend of vitamins, minerals and herbs. airbne. ♪ childhood magic. we have a fragrance for that, new from glade®. sc johnson. and see disney'se nutcracker and the four realms. in theatres november 2. and see disney's the nutcracker and the four realms. take prilosec otc and take control of heartburn. so you don't have to stash antacids here... here... or here. kick your antacid habit with prilosec otc. one pill a day, 24 hours, zero heartburn. if your adventure... ...keeps turning into unexpected bathroom trips... ...you may have overactive bladder, or oab. ohhhh...enough already! we need to see a doctor. ask your doctor about myrbetriq® (mirabegron). it treats oab symptoms of urgency, frequency, and leakage. it's the first and only oab treatment in its class. myrbetriq may increase blood pressure. tell your doctor right away if you have trouble emptying your bladder or have a weak urine stream. tell your doctor right away if rbetriq cause serioustying your ballergic reactions... ...like swelling of the face, lips, throat or tongue, myetriq ma you ctor liver o, constipation, dizziness, and headache. urinary tract inctn, or t

disney set to report results after the bell we'll tell you what to watch and how to trade it ahead of the numbers. >> plusg warning. wynn turning into a loss it has

plus our crafted blend of vitamins, minerals and herbs. airborne. ♪ childhood magic. we have a fragrance for that, new from glade®. sc johnson. and see disney'snd the four realms. sc johnson. take prilosec otc and take control of heartburn. so you don't have to stash antacids here... here... or here. kick your antacid habit with prilosec otc. one pill a day, 24 hours, zero heartburn. when i have in this shell. gold bond eczema relief relieves five frustrating symptoms of eczema. my skin's back. >> what do you guys think this is? >> looks like a tunnel to a stadium. >> that's a good guess. this is another video showing you the time lapse. also something else it can do. i was thinking the same as you. kind of looks like one of those tunnel instances you'll see. ma? >> it will all be clear when i show you this video. >> we have the privilege of being the head chef at under. the under water restaurant in norway. >> what? >> it is the world's largest. about 16 feet below the surface. >> the cool part is now you can try and get yourself a table at under. of course to visit it, you have to go to the southern most tip of norway. they are sourcing ite

disney played a big pa part. he knew that germany was way ahead of the game early on in terms of commerce and plus they were way aheadf propaganda in the globalist propaganda machine working full-time in latin america. even in these archives finding newspaper articles by adolf hitler. nevertheless, they were way ahead. so they talked to roosevelt in d got an organization that targeted the least that a certain poinbut at acertain poie to have goodwill ambassadors to be in touch with the latin americans and to have the latin americans in touch with us. he had a whole long list of names he would recognize, composers, actors, speakers. the most successful when of all was walt disney. everyone knew mickey mouse. they made films. the stereotypes were not gone. now they were harmless stereotypes. it wasn't the kind of rough, dark idea of latin americans that many felt in the 20s and 30s and even changed walt disney's look at the eye of walt disney changed. if you look at the films before, there were 15 of them that went with walt disney and if you look at the films before, they are darker and they don't have these vivid cra

disney remaking the lion king. the amazing first trailer. i was not prepared for full rafiki. it's great. >>> plus, first responders go from recovery efforts to bringing thanksgiving to victims of the camp fire. >>> a live look outside at 5:22. we keep up weather and traffic information throughout the commercial break. we'll be right back. >>> abc 7 storm impact scale. today's storm is level 2. that means moderate rain. so gear up before you go out and drive safely. drive safely. track today's storm any time . . . . . . . are so thick... so fluffy... so delicious... (whisper) karen, karen you've got to try this ...they're just too good not to share l'eggo your eggo officers want to reduce the number of crashes and spinouts. >> number three, black friday shoppers are up early trying to score some deals. look at this video from the premium outlets in livermore just after 4:30 this morning. that store north bay has been open since yesterday. we have a black friday shopping guide at abc7news.com. >> number four, we are following your wet friday, black friday commute. bay bridge toll plaza. no metering

plus, get $200 back when you buy a new smart phone. it's simple, easy, awesome. click, call or visit a store today. abc7's parent captain walt disney committed half a million dollars to support relief and recovery efforts for california wildfires. the money will go to the california community foundation's wildlife relief fund which provides assistance to wildfire survivors as well as the california fire foundation which helps firefighters and their families. >>> and there's a need for money it, food and clothes to represent victims. we very resources on abcnews.com. you can make a $10 by texting donation to red cross at 90999. >> a lot of tension in the warriors locker room. tonight the players' responses to questions about the heated argument between draymond green and kevin durant went as expected. they were short with answers and chose instead to abc7 sports sponsored by river rock casino. >> emotion is one of draymond's strengths on the court but it government the best of him. the warriors suspended him for tonight as a game for conduct detrimental to the team. >> things happen, bumps in the road. you got to move forward. it's