i don't think that espn should be blamed for what we're seeing today.st have just different -- you have a different consumer today and the more choice that has entered the market -- >> your grandkids or kids are not going to subscribe to this bundle. that's just not happening. you believe that, don't you? >> i believe that they will continue to watch a linear television. i think live sports and certainly news and maybe financial news, by the way -- >> we always hope. >> -- continue to have value and people will be interested in it. i think long-term, i think you have to consider that linear television will be more popular than just programs. we're in the -- in the short-term we are still very supportive of the channels that we own and that we're distributing. we'll continue to put resources behind them to create great programming. i think long-term you have to put the consumer first, so going all the way back to how this started, if we put hulu and espn and disney plus into one product, the only way you can get these things is, one, that's doing exactly

, but they have the rights on espn plus and so on a lot of what we have licensed for espn we can't putere is just so many hours of the day. this is great in that regard i think that will continue for a while. we believe that there are sports fans out there that want -- that do want more espn and want it in this fashion, which basically means easily watched across devices, over the top, not connected, not have to have a cable subscription service they want to watch, some sports, access to some we're not making any predictions about the health of the bundle or how many subscribers. as you know, the business is seeing some -- >> he we started this conversation in 2011 one of our view interviews back in august of that year is when it sort of started to reverberate in the marketplace the sub numbers are going to continue to decline at espn. >> i think the sub numbers for the expanded basic model will continue to decline. we'll see what happens with espn we don't have anything to say about it in between earnings calls. we typically comment about sub figures during earnings calls. >> that see

, the cable networks and the cord cutting there was nothing about main line espn of this presentationplus, they seem to be conceding at least for now kind of a niche product, maybe 10 million users. that was the big cloud over the disney stock what is happening to the cable revenue stream from espn looking at the last earnings, it was surprisingly good that the cable revenue was very stable, the swift deceleration seemed to have stopped, but longer term that has got to be temporary the very success of this new disney direct to consumer product is going to cause more people to cut the cord or ge the small bundles from cable which is not going to include espn i have never seen any modelinging that shows espn going direct to consumer that replicates the profits and revenues they have >> it is a very good point it is something that mr. iger and i spent some time on during our interview in terms of discussing it because they are not positioning espn plus in the marketplace as a replacement for espn at least not yet and he said, you know, it is not a failing service. and i asked him, you kn

it -- >> but it's separate from espn plus espn plus has always been a separate product. >> right espn sports on there, but not really replicating in any way what's on espn and disney plus has no sports. disney plus is -- it's "star wars" movies, which is in terms of hours of content the least of it it's pixar, it's marvel. it's the disney studio and it's nat geo. that's what you're getting with this. >> hey, faber, do you remember, whenever disney was going to acquire something and people would say, oh, well, people want their stock because it's going to $150 or $160. i mean, they would just say that five years ago, i can remember all them saying that so, this has been like a four-year almost saucer for disney it's gone nowhere in four years. it's broken out now. that's a new high. so, my commentary -- so, it's going to be a $220 billion company or something, when you've got some of these other companies at $500 billion, $600 billion, $700 billion. is this disney winning and the other content companies are big conglomerates, do they get marked up, too are these companies worth more no

ever since espn, the jewel in the crown of disney's cable business, started losing subscribers a few stock has had trouble gaining traction no matter what bob eiger did to juice the rest of the company and he's done a lot, very few investors can look past the bleeding here but that finally seems to be changing in the past few weeks disney stock has caught fire rallying in 10 of the past 12 sessions out of this meeting from $107 and change to $117 as of today the stocks caught two upgrades in just the last two days. suddenly people were feeling a lot more bullish as we head into this meeting okay, before i get into the specifics of what we're looking for tomorrow, you need to understand how disney ended up this this down and out situation to begin with. here's the stock that peaked at $122 in the summer of 2015 and then it fell off a cliff since then, disney tried and failed to reach those levels on multiple occasions, the stock basically has been stuck on a treadmill for the past four years. the reason cord cutting disney gets 41% of its sales from the media networks business, which

and is also available on the espn app. >>> and next, the first trailer from the intense conclusion of skywalker saga. hey. this is amazing. with moderate to severe ulcerative colitis, are you okay? even when i was there, i never knew when my symptoms would keep us apart. so i talked to my doctor about humira. i learned humira can help get, and keep uc under control when other medications haven't worked well enough. and it helps people achieve control that lasts. so you can experience few or no symptoms. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections and cancers, including lymphoma, have happened; as have blood, liver, and nervous system problems, serious allergic reactions, and new or worsening heart failure. before treatment, get tested for tb. tell your doctor if you've been to areas where certain fungal infections are common, and if you've had tb, hepatitis b, are prone to infections, or have flu-like symptoms or sores. don't start humira if you have an infection. be there for you, and them. ask your gastroenterologist

espn will face a downward draft on the number of homes they're going to get to through espn plus and the subscriber revenues bob iger represents their company well when he's focusing on disney plus and the espn will be a successful service but is not an international service in the way disney plus is all the emphasis is on disney plus neither one of them are total global businesses. i think there will be a downdraft on the espn, distribution and revenue stream. >> wall street question, is disney able to do this with a clearer path to profitability than, say, netflix which has to spend billions on content because it already has such valuable franchises or eventually will disney be spending like that, too? >> i think they're both competitive and you see how netflix has stepped up its spend over $8 billion on original content. they're doing a catch-up game. they were already two years ago, three years ago anticipating this change in the marketplace and who knows what the others -- the other studios are going to do with access for netflix to their product. that remains to be seen. when t

there was a number of time when people thought they'd have to sell espn and that's done a 180 there. we're not competing with netflix. we feel there's room for all of us and that makes a lot of sense and disney is doing everything right and my only problem that valuation is a bit of a concern in this environment in fact other the market has run up una, baited and then the earnings by the way, it's may 8th and not the 4th and i would be concerned that it's topping out. >> we will be monitoring disney's investor throughout the hour we'll tell you what the ride-sharing giant says that has shares of lyft taking a had the in the after-hours session later, wall street's bracing for earnings season and a tom technician says there are two names that are a screaming buy he'll join us. we are live from times square in new york city. much more "fast money" right much more "fast money" right after thisholder. cfa institute. cfa charterholders have proven themselves by passing one of the most rigorous exams in the world. demand the best. demand a cfa charterholder. cfa institute. let's measure up

>> you configure we will bund le disney plus and espn plus fairly soon. we still have minority partners, and everything has to be done with them in mind. bundling would be something we might take to the management or the board. consumershere will be that will want all three. we want to make it possible for a consumer to buy all three. emily: will you be attempting to buy all of hulu? been in conversations about that possibility, but it is early to speculate. emily: you didn't give up some partnerships with netflix. you mentioned some of your distribution deals. you talked about sony. you didn't mention apple. you didn't mention amazon. why not? available will be through traditional distributors, apple being one of them, so i'm fairly certain that if people want to find a app -- sorry, subscribe, they will be able to do it through apple and the itunes store and other platforms could be the traditional cable distributors. announcements any because we haven't made deals with all of them yet. emily: you are on the apple board. now that apple does have a direc

not seen as a replacement of espn, sticking with the old model on espn.is a good one you're talking about disney, with incredibly deep runs and deep connections with the consumer already, and they are talking about having 90 million disney plus subs by fiscal year 24 that's not an insignificant amount and it is not going to cost d im as much as netflix they have all the brands already. they're making the movies at the movie studio, which go immediately then to the online platform you could argue that it may be a more profitable model over time. >> that's the story that has been propelling all the optimism about disney but let's not confuse some great executives, bob iger, kevin mayor who hasn't gotten much play at all, great executive, and great brands, and great global brands with what they have to do to become a global brand. i maintain that while disney plus will be a very interesting global brand, espn, by their own admission, espn plus won't be global the big underreported story, david, you got to dig into this one, is how much does comcast have its

and espn among many covering this amazing story.course, we couldn't finish without looking at tiger woods‘ roaring comeback. so let's begin with the gulf news. back with me is independent analyst stephanie hare. how google tractor footprints. the reason effect this is because you are here this morning, this is an area of expertise. what is google up to and be be worried? we should be worried because google has made it design choice, it has the option to make a default that it is not tracking your location, it is chose not to do that. instead, you would have to go into your phone, surge of all the different permissions of the apps. all the different permissions of the apps, so that you can't be tracked. there is some apps that be tracking evenif there is some apps that be tracking even if you turn off location history. basically, if you got anything running google on it, you're wearing a monitoring device and that can be accessed by law enforcement. in this story is about that element, police and investigators are looking at one part

according to our sister network espn. after holding the same job with the los angeles lakers. accusations emerged against walton earlier this week. the former sports reporter kelly tennant claims he assaulted her in 2014. she was a warriors assistant coach at that time. >>> two nhl referees will not work the second round of the stanley cup playoffs after a controversial call in the sharks' first round series if not alley according to espn. dana holloran, after pavelski was checked and fell to the ice. san jose had trailed vegas 3-0. the ice scored four times with the one player advantage and won game 7. 5-4 in overtime. if warriors back at work trying to move past the loss to the clippers. things seemed a little tense when steve kerr was talking with the media. he wanted the music and the practice facility turned doup. . hang aittle bit miffed. the warriors play game six of the playoffs tomorrow on espn. >>> the nfl draft starts in just ♪ [ crying ] ♪ you protect them at home. we help protect them online. this is beyond w

a kind of espn add-on service in espn plus.g after this adult/family family market. even though they are saying it is an adult market, most of it is family-friendly. we are looking for how will disney explain what their streaming strategy is. most of our late, every viewer of this show should be thinking about for thursday, how does disney continue to tell people to pay more for disney channel, pay more for espn when they literally going out with products and services that are away from the bundle that actually kind of competes with a bundle? how does that balancing work? do they continue to get paid a couple of dollars a month for disney channel, eight dollars a month for espn while they attack the bundle, which iger has said publicly his company's number one priority now. emily: they will be losing licensing fees they currently get from companies like netflix. richard: a lot. emily: do we have any cross a vacation on how much disney -- quantification on how much disney could be losing? paul: north of a billion dollars when yo

special olympics and espn paying the school a visit to give them a natiolanner.or creating an environment that includes. >> i am so very proud. >> if you not aware of all the people that kids with special needs. you should research about it. be aware. >> when it comes to making everyone feel the students have scored a slam dunk. >> great for themt' >> t awesome. >> so much fun. >> great. way to go. th's big. >> listen. you didn't think they were getting the game in. >> did not. it was raining during the game. light rain. the hefiest was to the west by 15 miles. it was quite amazing it justmi ed the city and stadium. and you folks in the west it was coming down for you. the last three hours here. towards what was going on. see the yellow and oranges. up to clarks burg earlier. now almost nothing going on re. the only action is toward frederick. also this line right here. whh has a history of wind damage to the west. it's weakened a bit. there was lightning earlier. it's weakened. bu wouldn't be surprised to see wind gusts coming in. in the next 20 minutes. heads u

. >> does espn just not matter, tuna, anymore? that is still in decline yes, the numbers for espn plus look okay but what did they say? $6 million to $8 million $8 million to $12 million. >> as much as, you know, your point is well taken but that's a quadruple from where they are today. >> from espn plus. >> but still shedding people from the core espn. >> our forecast is that in the next three or four years, from an eco-system perspective, the increase with the online video and that's going to play out and investors starting to realize that now and that's why you see the positive reaction on the disney shares that have, as you know, traded some range and poise for now sustainable catalyst >> will you teach me how to tie a bow tie next time? the man can tie a bow tie. you know how to do it. >> thank you, appreciate it. tu tuna amobi, great discussion. >>> shares of pg&e are spiking up about 7.5%. gavin newsom released some comments he's having a news conference right now, releasing the results of a wildfire strike force that he co

the other big headline i wanted to bring you from this investor meeting is that espn plus is going toso disney also underlining the fact they really want to grow overseas and in international markets. they also had one of the gentlemen who is responsible for the revenue at hotstar, which is in india, speaking earlier. so the main headline here, though, is that disney is likely to bundle espn plus, disney plus and hulu. we are still waiting for the pricing. david: i know. i know. deirdre: i will bring it to you. david: hopefully we get it before the end of the hour. thank you very much. >>> we need to raise the minimum wage again in the united states so that people get a living wage. >> raise the minimum wage. >> raise the minimum wage. >> radical idea, raising the minimum wage to a living wage. david: there's a new survey by the "wall street journal" finding most economists believe even a small boost to the federal minimum wage would lead to higher unemployment. yet 13 2020 democrats support raising the minimum wage to $15 an hour. this coming as the department of labor saying unemplo

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you're worried about espn, we'll take care of espn when sports wagering in this country is eventually going to become legal and really permeate throughout the society. and that's going to happen at some point espn will be fine. hold on. hold on. >> before you make that point, apologize, i want to hear from shannon, too because you own the stock. >> we bought the stock mid-november we felt like the reason we were buying the stock is we felt if they could reclaim their content and have a direct to consumer offerings, that could provide meaningful upside. that's the thesis for our buy. this is better than we could have expected. to joe's point, the entire package. however, there is, you know, investors need to understand this is going to cost money but they have the parks. they have the movie business that's going to provide the needed cash flow to fund what is going to be a transformational move >> it's a fully integrated play. so many other parts of the business that all benefit from this so this is almost like free advertising. they advertise for one another, the different divisions.

. >> reporter: espn's tom rinaldi in the again room. >> part of the magic of the draft is every one of us has some aspiration. rarely do we achieve it in such an absolutely public way. >> the new york giants select -- daniel jones. >> and that is the beginning of your professional career. >> reporter: these young men hopefully joining a roster of first-round picks that went on to greatness. >> you've got peyton manning, you've got dan marino, you've got ray lewis, you've got todd gurley. >> think about what it means to be tabbed a top five pick. all the expectation that comes with that. who can bear up against that burden? >> reporter: but there are plenty of hot prospects who didn't pan out. >> ryan leif picked after peyton manning. he went next to the san diego chargers and everything went downhill from there and he never became great. got that bust label. >> bust is a brutal word. no one wants to be considered or labeled a bust. but the truth is, that's a deep part of the history of the draft. players who have been one or two or three or five who never had anything close to success

good night. . >>> the following is a presentation of espn on abc. >>> nashville, tennessee, for night draft. broadway is popping. 200,000 people in downtown nashville for round one last night. for the ultimate reality drama. the agony of anticipation for fans, including the hometown titans, hoping their team picks the right guy. this is nashville, where megastars arrive and thrive. ♪

and espn plus, all out there on the marketplace.who buy them all or even those who attend the parks on a regular basis some of these are things that perhaps will get some answers too. is it going to cost a lot? yes. is it going to be worth it are investors looking past potential earnings that disney will be taking in order to get itself ready for this future that we have been talking about for so long as cord cutting has occupied so much of the head space when it comes to media investing yeah and move ffet nathan soson, a ho hulu mostly. and the espn plus and disney plus as well, 1.7 to $1.8 billion annually that's not an insignificant amount of money. if the subgrowth is there, and it is there both in the united states and internationally, there is an expectation investors will be willing to look through it because the company will be moving to firmer ground in a sense from a business that is changing dra matly as we all know it is profitable to have your cable networks carried on all of your various distributors out there. but tha

, plus espn is not espn.are separate services as mr. iger made clear to me. if they get to a point where they feel is not doing well then espn plus may become more. right now it is an adjunct, their aspirations there is not near jim, there are still some things to want to be concerned about when it comes to disney, despite what is an incredible success of their box office of the marvch cinematic universe >> i think there will be profits taken in today no matter what. >> when you discuss the legacy of bob iger, he created a lot of jobs and high paying jobs. he's done a lot to be a leader in business. i keep on thinking of his legacy verses what a person may have. i know this is topical a lot of us are trying to figure out the role of the ceo put 12,000 people through college. you think we are going to start thinking of the ceo more than someone who gets the stock price up where senator warren may want to find or bernie sanders, you have to look at how many jobs are created and how many people went to school an

espn and the espn app. damian lillard, c.j. mccollum did their part.nter, starting in place of nurkic. nurkic, the terrific young center for the blaze esch, broke his leg three weeks ago. kanter filled in beautifully and made good defensive plays. signed him in february. damian lillard is certainly glad about that signing. 4.2 remaining. okc out of time-outs. >> mark: it's simple. thap puft it -- the action, seth curry in the game because of the free throw shooting. >> mike: in the back court, dribbles away and paul george with 1.9 remaining. george has just fouled out and damian lillard could officially end it with a free throw. >> mark: paul george pulls it gap to one. i love the mentality of terry stotts. i v he trusted his team and what he rev prepared for and they responded. >> mike: paul george hit buckets here in the fourth. it was a difficult shooting performance for him this afternoon. akc this was a game there for the taking. again, three point shooting. lillard, hits another. portland, they got swept in each of the last two playoffs. and los

it's looking to bundle hulu with the espn plus and disney plus when it launches in november. jon?> julia, i'm guessing that disney would like comcast, our parent, to sell its stake as well and there are reasons why comcast might not want to do that. how do the chess pieces look from those analyzing the situation? >> reporter: i think you're absolutely right. disney would like to have full ownership of this. it's a huge part of bob iger's direct to consumer strategy. the question is whether nbc universal comcast sees value in partnering with disney on this and owning a third is still a meaningful piece of this company, which is growing in value. many people comparing hulu's valuation 15 billion with netflix's valuation and saying netflix may be overvalued but hulu maybe undervalued. the question is how well comcast and disney can work together as co-owners of this? can they grow value if they both own it and how will nbc universal's direct to consumer service launching early next year, how will that complicate things? i think a lot will be determined in the next six months as nbc u

espn's brian winhorse with the new look on the king, lebron james. "power lunch" starts right now >> a check on the markets right now. biggest one-day drop down by four tenths of a percent boeing feeling the losses on the index, a downgrade from bank of america. s&p s500 in danger of snapping. two away from all time highs oil and drill down how much higher prices could go here later on in the show in the meantime, straight to bob pisani on the floor of the new york stock exchange. hey, bob >> reporter: hello, melissa. it's been a tough day for the industrial stocks. look, bank of america downgrading boeing that's having a cascading effect on boeing suppliers like hexcel and then ray mondmond james and downgraded at j.p. morgan and we've got starbucks downgraded at neutral, but it's positive right now. still some pockets of strength and energy, for example, highest level since november oil crossing $64 that's helping and bank stocks keep slowly, generally, advancing since yields become a week and a half ago. speaking of the banks, we will quickly turn

this according to espn.alton recently took over as the kings head coach after holding the same job with the l.a. lakers. accusations emerged against walton earlier this week. former sports reporter kelly tennant claims walton assaulted her in 2014. walton was a warriors assistant coach at that time. >>> bring your child to work day could soon be an every day thing for some state employees. one california lawmaker introduce add the san diego area assemblyman's proposal would be a voluntary pilot program for state agencies. he does not believe it would cost taxpayers any money. >>> a san francisco board of supervisors committee has given the thumbs up to a new bill that would ban cashless brick and mortar stores and restaurants. the proposed law exempts food trucks, pop-ups, ride shares and many professional services. backers of the proposal say cashless stores discriminate against the poor by requiring credit or debit cards that many low income residents can afford or can't get. the full board will hear the b

they don't want to talk about espn that's -- >> reinventing themselves -- >> although espn plus the earlys pretty good, right. >> it is pretty good, but i'm a big sports guy and not paying for that there's enough on tv am i going to have to pay another $5 a month. >> what do they do with hulu they own it but don't really own it >> losing money. >> how do they integrate the three things together. the bigger question how many of these services will people pay for every month? you have netflix, spotify and this -- >> this is my prediction they will start making it harder for you to leave right now it is easy to turn -- don't you think to turn these on and off. either that remains a part of the appeal -- >> like a gym membership. >> think about trying to cancel cable it's so difficult. >> it's an automatic monthly -- when was the last time you thought when am giannuli going paying that netflix bill shares of apple, disney and apple are the with two movers, apple on pace for its first ten day winning streak in nin years. busy two weeks according to a top analyst, the company is working on bigg

ago it's where it is now and it's vacillated in between, excellent point by you tim's point about espn, you know, when they legalized gambling that was the saving grace for espn recall the stock was trading at 99 or so that night and we talked about it and the stock is up 18% since so maybe that's somewhat priced in and just because they'll compete with netflix doesn't mean they'll beat him, right? we'll compete in the spelling bee and i can try, but i won't succeed and the same way disney will try and they won't succeed. >> for more on wall street and what's expected from disney go to cnbc.com. i'm melissa lee. you're watching "fast money" on cnbc, first in mono worldwide. >> the cryptocurrency is in the midst of the a stealth rally up 35% this month and back above $5,000 we'll tell you what's behind the move plus, mark tepper is making his debut at the plate he says one under the radar stock that's surging is about to rev up, and yes, that's a hint he'll give us his fast pitch, h there's much more "fast money" right after this quick break every day, visionaries are creating the futur

espn says he is not planning to play football again. to take a new running back early in the draft. lynch played for the seahawks before coming back home to oakland. >>> some drug stores taking a step that goes above existing national law, but the pharmacies are doing as congress considers increasing the smoking age limit under federal law. >>> taking a tougher approach to the opioid epidemic. >>> traffic is slow on 880 through oakland, when you get to the toll plaza it is going to be slow as well. we will have a full traffic report coming up. >>> another hot day, no fog yet. inland temperatures will still be near 90 degrees. we will take a look at that coming up. glad you're back how you feeling? ♪ ♪ (both) exhausted. but finally being able to make that volunteer trip happen was... awesome. awesome. you have to scrub. what do they... they use for washing. ♪ ♪ let's do it every year. we'll do it every year. i thought you'd say that - let's do it. ♪ ♪ see how investing with a j.p. morgan advisor can help you. visit your local chase branc

disney is the wrench, espn -- is the orange, espn is the blue.netflix is doing, and hulu, which disney owns 60% of, going up. alix: you know what netflix is? a tech company. i think of it as a tech company. david: it is a huge challenge. it is like automobiles. they are entirely different companies built for entirely different reasons. some people say the essence of this new world is going to be big data, which is not been what disney has done historically. alix: this literally happened to big oil companies when they went into the permian 10 years ago. they had to get out, then went back in after independents did all the work. david: it is also the classic battle in media between content and distribution. disney's got the content. there's no question about that. especially now they've bought fox. on the other hand, netflix and amazon know how to deliver this stuff richly to consumers and have the wherewithal to deliver it and whom to deliver to, and how and when. that?can disney buy a platformhey have to basically take over the world, which is wh

this was a collaboration that the library did with major league baseball, espn and the baseball hall of fame cooperstown. we've got some incredible things on display, things you probably have never seen before. let's start with some of the earliest. we are standing in the front of the exhibit, looking at origins and early days, where we have some artifacts that suggest baseball has a history that is much longer than the 19th century. in fact we have an example from a medieval manuscript, these were figures that were part of a border of a book produced. a couple of monks and nuns in what one would -- what would be a primitive outfield. they would be played for centuries before europeans call different kinds of games baseball. our next stop here is this cute little book, i absolutely adore. it's a pretty pocketbook from 1787, and it includes here a little woodcut drawing of children playing baseball with three posts. the word "baseball" is printed there. the lexicon is showing up in the late 18th century. the term home. this was produced in 1744. as a parallel item to that, we've got t

the arizona cardinals are next in a nationally televised game on espn on august 13. game three is against the green bay bakers at a yet to be determined location in canada. the raiders will finish on the road against the seattle seahawks. the niners will play the cowboys at levi's stadium. a game in denver against the broncos is on monday, august 19th and that's followed by a game to kansas city chiefs. the dates for all the games except for those in the espn contest will be in the coming weeks along with the entire regular season schedule. >>> a call for change for san francisco's youth criminal justy system. the plan to close the juvenile hall and what would take its place. >> it's early and i feel like we've got the case to make and a country to fix. >> the bay area cong george has heart failure. and a busy day ahead. george has entresto, a heart failure pill that helped keep people alive and out of the hospital. don't take entresto if pregnant; it can cause harm or death to an unborn baby. don't take entresto with an ace inhibitor or aliskiren, or if you've had a

this is a collaboration with major league baseball, espn, and the hall of fame of cooperstown. we have incredible things on display, probably things you have never seen before. baseball has a history that is much longer than the 19th century. in fact, we have an example here of medieval figures you have a ball and a bat and a couple primitive out fields. what this shows you is ballgames are being played for centuries i adore the items in our collection, it is a pretty pocketbook from 1887 and it includes here a cut and dry baseball is printed there this is first produced in 1744 in britain and it's not until it comes to the united states when it first shows up in print in america. as a parallel item to that, we have a diary from student diary from 1786, this will later become princeton university we cannot catch or hit, he is not a great player. the following year, the college faculty will ban baseball as being unbecoming of a gentleman. this is the earliest written reference we have. this is being played by boys who are much older than children who are playing this game. a cou

and espn among many covering this amazing story. comeback. so let's begin with the gulf news. back with me is independent analyst stephanie hare. how google tractor footprints. the reason effect this is because you are here this morning, this is an area of expertise. what is google up to and be be worried? we should be worried because google has made it design choice, it has the option to make a default that it is not tracking your location, it is chose not to do

bob: i think you can figure we will bundle espn plus and disney plus fairly soon. hulu, we are still minority partners, and everything we do has to be done in a way with them in mind. so bundling, it would be something we might take to the hulu management and the board, but it would require approval. but we think there could be consumers that want all three and eventually make this possible to buy all three. emily: will you be attempting to buy all of hulu? bob: we will see. we have been in conversations with both partners about the possibility, but it's still a little early to speculate. emily: you to give up some partnerships. you mentioned some of your distribution deals. you talked about roku, sony. you did not mention apple or amazon. why not? bob: well, the app will in all likelihood be available through traditional distributors. apple being one of them. i am fairly certain that if people want to buy the app, i'm sorry, subscribe to the app, is a better way to put it, they will be able to do so, and there will be other platforms that will also sell apps, we w

the other thing, where is espn plus going to fit in? will there be bundling options?re hoping as well, like a few weeks back when we had apple showing us its apple plus service, the plus controversy kind of dominating when that was out. but how much will this be? around the $10 mark? will it be more, less? we will see. joe: thank. coming up, don't miss our conversation later where we talk about disney plus with bob iger at 8:30 new york time on bloomberg daybreak: asia. i will be watching economic data tomorrow, preliminary u.s. consumer sentiment out at 10:00. romaine: and j.p. morgan and wells fargo report first quarter earnings before the bell. that is all for "what'd you miss." "bloomberg technology" is up next in the u.s.. romaine: have a great evening. this is bloomberg. ♪ ♪ ♪ caroline: i am caroline hyde in new york, for emily chang. this is "bloomberg technology.' calls to break up big tech getting louder, but can congress really forced change? we will hear from u.s. senator mark warner. ipo,ber files its disclosing that market share is falling in the u.s. and

not just disney plus, but hulu and espn plus as well. >> and they are talking about $1 110 million to 120 million subscribe subscribers. jessica, thank you very much >>> moving on to a tale of two bank stocks today. jpmorgan is jumping on the back of strong results and bullish commentary from jamie imon on the flip side, we al wells ft then cut its outlook how big is deal that their net interest income is negative versus the range earlier which wasn't that great to start with? >> well, first of all, all the banks got a big benefit from the fed raising rates. last 50 basis points, not so much now that the fed has stopped raise rates, you will see some challenges on the margin how do you grow loans if your balance sheet is capped? federal reserve says you can't get any bigger so that is a real challenge here so i think their hands are a little tied. and then of course the strategy side, who will run the company >> it was interesting after they said this and they cited all mack cro factor, jpmorgan shares didn't budge so are you pleased with what jpmorgan said? >> i have to say they are

espn and the nfl network are both report that lynch is leaving the team after two seasons. espn reports he is not planning to play football again and the nfl reports head coach jon gruden plans to take a new running back early in tomorrow's nfl draft >> we need to get beast mode to come on the air and talk to us. come on, marshawn. >> i know! >>> it is 6:49. we are watching allie rasmus who is watching the commute. how does it look? >> the commute is okay but you are mentioning beast mode. i was reporting in east oakland and he drove past us and we yelled beast mode and he drove off and stuck out his hand and waved like this. it was pretty cool! anyway, traffic, i don't know cool or not depending on what your commute is. we will start with this map because 880 seems to be a bit of a hot spot. southbound 8 0 north of a street, there is a three vehicle collision that is blocking the slow lane. no traffic icon popping up there just yet. other crashes we know about, northbound 880 south of the san mateyo bridge and san mateyo bridge about a quarter mile west of the toll plaza.

emily: you said you will likely on disney +, espn and hulu. when? bob: you can figure that we will +ndle espn plus and disney fairly soon. we are launching disney + in november. hulu we still have minority by partners. everything we do with hulu has to be done with them in mind. bundling would be something that we might take to the board, but it would require the approval. we think there will be consumers that will want all three of them bundled. we want to make it possible for a consumer to buy all three. emily: will you be attempting to buy all of hulu? bob: we will see. we have been conversations about that possibility. it is still early. emily: you did give up partnerships with netflix as a result of pursuing this streaming service. sony, you about roku, did not mention apple or amazon, why not? app will likely be available through traditional app distributors. apple being one of them. i am fairly certain that if --ple want to buy the app sorry, subscribe to the app is a better way to put it, they can do so through apple and the itunes store. ca

espn reporting that marshawn lynch is retiring.r 12,000 yards. >> scored 93,000 in 12 nfl seasons. you don't want to tackle him. he came out of retirement to play two seasons for his hometown. he missed muchor the draft tomo on abc 7, analyst todmcshay from espn thinks the 49ers should take nick bosa. as for the raiders, chucky three picks. jon gruden may be looking to swing a deal. who knows what they're up to? mcshay doesn't think that's the smartest play. >> to me, i would stay home and use the picks to find play makers and difference makers. jon gruden loves his quarterbacks, then he chews them up and spits them out. you never know with jon. it's going to be interesting. one of the more fascinating parts of this draft. you never know what he he's going to do. >> raiders have so many needs. you figure they'll keep the picks. but there's rumors about saving kyler murray, haskins. who knows? that's why you have to watch. draft coverage begins at 5:00 followed by the after the draft special focusing on the niners and raiders. the d

. >> the move has held it up, what held it down is espn, which is large part of their business what we saw there, was a ceo that's in command, that can execute. over the long-term he bought marvel comics. >> "star wars." >> right they came out, been working on streaming for two years. came out with a price, with a product offering contrast that with apple apple has been working on it for ten years and still has nothing going in the space >> we're slamming apple the next segment. stay with disney right now. >> it's a long slam, i'm starting now so disney, i like it, you want to buy execution, staying off for another few years. >> great move. brynn, i will say this, whatever they've done, they've done well. investors love it. but in their tv plans, they're assuming that 50% of video households, almost 50% of all households unless you live in a cab bin are going to use disney plus in some form. is that too aggressive >> i don't think so. yesterday when they announced it was a game changer talk about original content, disney has probably 90 years of original content if you look at november

plus, another 10 million for espn plus, which has 2 million subs today plus, hulu at 40 million to 60 million subs if you add it all together, they're saying that 70 million households will pay disney for a consumer service by 2024, and that's about 50% of households by that date, which is what netflix has today after having a monopoly in streaming for the last five years. those are pretty aggressive numbers. >> too aggressive? >> we'll see like bob -- like bob iger says, they have these established brands, and they have one heck of a line-up they're going to have 100% of those princess movies available 1 00% of the time. >> now they're all going to be on this service, so your daughter can watch them 20 times in a row in they want. >> yeah, and they've always done a good job sort of putting all those classic movies slowly back when it was on dvd do you think they could have charged maybe a little more than $6.99. were they trying to bring people in now for future price hikes? >> i do think they could have. they're also sort of underscoring something that we've been saying for a long t

of assets and expand i think especially we heard bob iger talk about how he wants to make lulu and espn plus easily accessible and even potentially bundle them together at a discount roux lieu's a key part of the strategy here. you've got to think there must be conversations going on between disney and nbc universal for disney to buy out the remaining 30%. >> julia, thank you. tim, which piece of the pie would you go to here at&t, disney, comcast? >> well, i mean, first of all -- again, in terms of stock picking, i like at&t here. i think at the oend the day they've got an interesting portfolio. people are concerned about the debt profile but we should love what they're doing in media some people think they overpaid for their assets i don't. >> now to a wild weekend for tesla ceo elon musk on twitter let's get to phil lebeau in chicago for the details. >> wow were you on twitter this weekend? if you were, you saw a lot of elon musk tweets they're about a wide range of subjects we will focus on two of them that are germane to the tus la business let's start with his ongoing description o

emily: you have said you will likely bundle disney plus, espn plus, and hulu.and what will drive that decision? bob: i think you can figure that we will bundle espn plus and disney plus fairly soon. i do not know, i don't have an exact date. we're launching disney plus in november. hulu, we still have minority partners. everything we do with hulu has to be done with them in mind. so bundling would be something that we might take to the hulu management and the board, but it would require the approval. but we think there will be consumers that want all three. eventually, we want to make it possible for consumers to buy all three. emily: will you be attempting to buy all of hulu? bob: we'll see. we've been in conversations with both partners about that possibility, but it is still a little early to speculate. emily: you didn't give up some partnerships with netflix as a result of -- you did give up some partnerships with netflix as a result of pursuing the streaming service. you mentioned some of your distribution deals. you talk about roku and sony. you didn't me

espn has him projected to be selected by the raiders with the 27th overall pick. savage reportedly met with the redskins onay tuesd so what many of us are hoping is that the nfl draft can distract us from thatonumental bumme that was the caps loss last night. of course, the caps lost 4-3 in double overtime. the iconic stanley cup itself realizing its time with the fun d.c. crew is or. re's what the cup tweeted. you were amazing hosts, capitals. here's tohe next one. they also tweeted alex ovechkin. it's not gooye. it's see you later. yours truly, sc. thafrp thanks a lot, stanley cup. leave us alone and let us mourn. >> we're not feeling a lot better. >> i take that back. we can change. come back. >> we'll see you again later at six. thank you, cary. >>> thef benefits o a workout without ever sting foot in a gym. ahead around 5:45, doreen ntzler will us a procedure to sculpt away fat really does the trick. >>> and timinguthe arrival of the storms that could be severe. when will you need your umbrella when will you need your umbrella and when w swit to fios to get i

the nice thing is disney also owns a 60% share of who lou and also espn plus.ee packages with all three services which is just going to be amazing. >>> let's get back to contin. what do you expect the content on this new disney platform to look like?>> it will be huge. not only the normal library of disney movies and shows. they are also announcing new content. let's say you are a marble fan. you can only see some content for the new marvel show called one division which is taking the characters from the avengers. they are creating a low-key tv series. a series around the falcon and the winter soldier. if you are a marble fan this will be the only way to get the content. they will have original star wars contin. almost all of the pixar movies. 18 out of 21 movies. all of the disney channel shows 5000+ episodes. some fox content from the acquisition. you will have simpson 30 seasons of the simpsons. national geographic. it is going to be a powerhouse of content. you won't be able to get this content anywhere else. all of the content that is currently on netflix