let's focus on espn. it's a wonderful business.ditional tv, but it's also a melting ice cube. break it town or -- down for us. >> i'm not sure if it really is a wonderful business. yes, espn, worldwide leader in sports and whatever else, but, you know, that comes at a cost. when you have cable subscriptions in decline as they've been and you also have the value of the nfl, nba, all the sports franchises going up and up, costs of running some of these games going up to too, the business for espn not looking so great. so what's going to be the coming up is disney finally started breaking out esp, this' financials, and the issue is, as we were saying with the traditional cable model, basically you had the non-sports watchers subsidizing espn. now when you have cable subscriptions in decline, you have to wonder, okay, what is it worth on a monthly amount? one analyst at bofa, looking at people who get espn through hulu and other things, people may have to pay something like $41 a month to be able to just get an espn stand-alone. jack:

you think of espn. if you think of sports, you immediately think of espn.nk of family entertainment, you think of disney but what do you think when you think of abc so what's kind of happening is i think you're going to see a consolidation under these big tent umbrellas discovery can own documentaries and outdoor showing. they have a strong brand so association. when you have a property like abc, why do i need this, period? what content can i put on this that i couldn't put on these other kind of tent poles and franchises i think that's what will happen here >> so if they go that route of shedding those channels, mark, where do -- what's the future? theme parks, enhanced content for future streaming, montization tunnels? >> the consumers expect a lot of content. the fundamental reason why netflix holds that top spot is because you have muscle memory to go there first. you turn on the tv and you know there's always something, new comedy, new documentary, new original programming you always go there first. so for people who want these kind of like franchises,

and iger said he wants espn to be the premier digital outpost for sports. that is not easy, when you are competing with apple, amazon, google, all of them. it's really going to be tough. >> and you're trying to reign in costs. i'm curious how you think nelson peltz factors in. december is when he's cleared to start nominating his people for the board of directors. it is unclear how many seats he is after. you know, he had some impact before. it does seem, though, that bob iger has a list of goals and he sort of working toward them at this point. so, what's your sense of how that factors in? >> well, two things. first, i do think the cost-cutting is due to some of the activism by nelson peltz and some of the others who have criticized does knee for the spending, but iger is setting up a very nice contrast here. because he's putting fourth four specific goals that he has for this company, and a way to do it, where it's managing the costs in film, figuring out the future of espn, you know, making sure that they are -- they are cutting costs in other ways. ne n

that said, what happens to espn, very similar to what happened to disney plus. streaming it, the streaming version with ads will be part of the cable bundle and it will be like no difference you could go buy this stream of espn if you want, or you can just continue to receive it as part of your bundle. and you know, why would you pay for it twice that's going to be the theory. and so, to me, when i saw that solution, i said, yeah, this is rational these guys are going to have businesses that will transition slowly to the future instead of this being some kind of an abrupt break, and that was what i was afraid of. an abrupt break. because it would get to the point where, you know, the cable guys are saying, we don't get any margin out of this it's a terrible business it has too much capital. to hell with it, we'll go out of it and there have been cable companies in the u.s. that have done that, and they're -- their multiple has gone up at least for a while >> right >> i thought that was a terrible outcome. i would much rather see the cable -- the broadband compan

getting that picture of espn and echoes will be important. ed: you are the editor, it is a busy day for you out in the west coast. thank you very much. rivian, it is chained by desperate earnings and shares have popped again in premarket because of two pieces of news. they will build more ev's than expected and also amazon has freed them from their exclusivity. they can go and sell to others. i heard from sources that they were underway with that. i asked the ceo how to listen -- i asked the ceo, have a listen. >> we assigned exclusivity agreements with amazon. it was a long process and we were able to use that time to build a pipeline of other customers and diverse customers. we are not yet announcing those deals. they will start by and large with pilate employments were we have sort of scaled vehicles go out and test the systems and understand the network, what you will see is it is very diverse across everything from last mile to retail to of course, just more general purpose applications of events. ed: you have not announced that there ar

the equity value of the espn stake or not i think it is a very smart move on the part of mr.r. we will see. >> jason from citi, thank you very much. >> thank you >> we will hear more are the media landscape at 9:00 when john malone speaks with cnbc that's at 9:00 a.m. >>> time for a check on the top corporate stories with silvana henao who is back with those silvana. >>> frank, snap conducting a round of layoffs the company says 20 of the 5,000 employees have been laid off cuts have not been centered around any specific product. the move comes after snap posted a 5% increase of sales in the recent quarter, but warned of a broader advertising slowdown >>> s.e.c. chair gary gensler offing hope for ftx. saying it could be revived under new leadership speaking to cnbc, gensler says the revival must build a trust of investors and come with disclosures to succeed this amid reports that former nyse president is one of the three bidders looking to purchase the remaining assets. >>> and the white house vowing to veto a republican-backed measure meant to overturn the president biden's

espn's herm edwards, oh, we can't wait to hear what he has to say.ma." hear what he has to say. he has a preview coming up on "gma." it's here. black friday week is live at target. ♪ i never knew there was a ♪ ♪ love like this before ♪ [upbeat music] ♪ never had someone ♪ save now with amazing black friday deals. ♪ love like this before ♪ ♪ love like this before ♪ ♪ i never knew there was a ♪ hurry these black friday deals end saturday. only at target. ♪ love like this before ♪ why do dermatologists worldwide recommend la roche-posay? effective skincare like la roche-posay double repair face moisturizer delivers double-action to help repair skin's barrier and provide 48-hour hydration for healthy-looking skin. la roche-posay. ( ♪ ) we're still going for that nice catch. we're still going for that sweet shot. and with higher stroke risk from afib not caused by a heart valve problem, we're going for a better treatment than warfarin. eliquis. eliquis reduces stroke risk. and has less major bleeding. over 97% of eliquis patients did not experience a stro

i am very intrigued by espn. that is a little longer, he said at earliest that will be 2024-2025 launch. i am interested in a disney plus hulu super app. ed: where is the innovation story with disney? what makes disney a technology company if at all? laura: it is not, it is a content company and content is not working. content is the engine. what disney does best is drive theme park attendance, consumer product attendance, when your tv bundles, streaming subscription revenue. it drives everything. avatar, marvel, star wars. it is a content company, not a technology company. ed: laura martin bringing the energy this thursday morning. thank you for your time. coming up, we will speak to david risher on the ridesharing numbers. caroline: instacart reported after the bell, better than this quarter they were telling us the numbers on. they are talking about macro economic headwinds and diving back of the advertising growth. ultimately, they are talking about several headwinds like the online industry. we are still --

it aired on abc, espn, espn plus and nfl plus along with espn2's manning cast.son so far, "monday night football" is averaging a 26% ratings jump bolstered by abc for the full season and less competition from scripted content thanks to those hollywood strikes. along with the surge of "thursday night football" on amazon, total viewership for the nfl is up 7% from last year. so now we're watching for viewer numbers for the first-ever black friday game streaming with shopable ads and amazon is making it available to everyone, even those who do not subscribe to prime video. anyone will be able to watch. you're right, sara, even though the record-breaking game did feature the chiefs, taylor swift wasn't even there. back to you. >> it could have been even bigger is what the takeaway is there. >> when it comes to disney, it's been a wild couple of weeks. a new cfo is coming in and then this mention earlier this week about the additional cost as a result of the directors' agreement and the actors' agreement and what that will do to licensing and capex. >> reporter: disn

any partner coming in would strengthen espn. that's what bob iger is looking for.. technology partner could take it global a sports league could guarantee more content, but maybe more content. >> i'm trying to understand what you think the stock is worth in that kind of environment it doesn't matter who the third party is is it 110? >> that's an amazing number. >> 110 based on that happening >> no, it is not the stock is de-risked all of the negative news is in at this point, potentially good news to come the industry is in a transition. disney is not immune bob iger is a tremendous leader. >> for how much longer >> a couple of years, maybe. >> really? >> what about ike and nelson >> hard to know what they want you know, i don't think -- >> if shareholders called you and said they want to get on the board, that is a good idea or harmful. what would you tell them >> obviously not my decision >> i know. people would say is it helpful to have activists on the board is that a good idea or bad >> in general, it is a good idea to have somebody driving the shareholder val

. >> what is your take on espn? where does this go?rganized and created this where they are trying to set up the sports operations. a willingness to sell and take a partner and make a strategic alliance here. they have to do something about espn. everybody wants sports. it is now seen as the key to the problem in the streaming world. if you are a sports fan there is always one that you want to see in real-time. there is always another sporting event. i agree that it is an incredibly important component. disney has a lot of the rides, but they are locked up which is slowly but surely disintegrating. at some point it will have to take espn2 streaming which is what they say they are going to do. they cannot replicate the revenue they got from the old model. everybody wants sports. bidding on these things is going to be insane. the nba is coming up pretty soon. everybody wants that. the nba is really going to cash in. we are all shocked at how high the bidding goes. that is a problem for espn because the cost structure is going up. >> it w

espn asset now has a secured future with a tech giant involved. let's leave things the way they are. is that possible? >> it's completely feasible. of course it is. >> that's what i would do. >> i will not nay say it. how many times, not you and i, but us on the show discussed, well, if apple just bought -- name of the company -- and the don't. my only point is it's high bble. more likely mr. peltz and his nominees gets the seats. let's just get it done in the next week. let's not drag this into 2024. >> i want to get kevin involved. you don't own disney. did you ever own it? >> we owd it until they cut the dividend during the pandemic. >> and you had no choice but to bail on it because of the strategy? >>ecause of the pandemic, no movies, cruise lines, theme parks, all of that. they haven't reinstated it. thiss an opportunity and a catalyst i think peltz getting on the board, reinstating the dividend would put it back in our queue. >> what were you going to say? >> an underrated potential story here this past summer disney acquiredandle media whi

matt: my producers suggest you buy espn. i am sure you are already in talks.eo of fubo, they begin there. coming up, what we know about elon musk's version of catchy -- chatgpt. plus, what else elon musk is doing. this is bloomberg. ♪ that first time you take a step back. i made that. with your very own online store. i sold that. and you can manage it all in one place. i built this. and it was easy, with a partner that puts you first. godaddy. matt: openai is hosting its first developers conference in san francisco. chatgpt has 100 million weekly users and the company unveiled a chatgpt for turbo model that lets people customize the chat pot. it comes as elon musk unveiled his own artificial intelligence bought to challenge chatgpt. they say it is better than chatgpt 3.5. thanks for joining us. what do we know? the developers conference is most interesting but grok makes it more exciting because there is real competition. >> that is right. openai came out with a series of announcements that are tailored toward getting more programmers to use their platforms. m

version of espn. stuart scott, who died back in 2015 after a lengthy battle with cancer. our reporter lauren glasberg from our sister station in new york spoke with stewart's daughters about his legacy and what the foundation does for cancer research. >> stuart scott was a trailblazer in the world of sports broadcasting. >> call konerko butta because he is on a roll. >> his descriptive style made him an espn standout. scott died eight years ago after battling cancer, but his legacy of trailblazing continues with the stuart scott memorial cancer research fund. it funds researchers who are focusing on areas of health care and cancer research that uh- in which there are discrepancies along racial lines. >> it also funds minority researchers themselves to pursue the research projects that they're interested in. >> his daughters, sydney and taylor, say the work those researchers are doing is saving lives. and with espn's help, the fund, in partnership with the v foundation, has awarded nearly $16 million i

espn's herm edwards joins us to preview the game. stick around. made like sam, who make- everyday products, designed smarter. like a smart coffee grinder, that orders fresh beans for you. oh, genius! for more breakthroughs like that- i need a breakthrough card. like ours! with 2.5% cash back on purchases of $5,000 or more. plus unlimited 2% cash back on all other purchases. and with greater spending potential, sam can keep making smart ideas- a brilliant reality! the ink business premier card from chase for business. make more of what's yours. i'm andrea, and this is why i switched to shopify. it gave me so much peace of mind. if we make a change, my site's not going to go down. and just knowing that i have a platform that we can rely on, that is gold to us. start your free trial today. >> whit: welcome back to "gma," and as we look ahead to monday night football, the vikings hosting the bears. both teams looking to bounce back from last week's losses. espn football analyst and veteran head coach, herm edwards, our buddy, joining us once again. go

that they had with disney, but that is a different consumer market than espn, and to betting.onnie: you mentioned disney. these are consumer stocks though. >> they are consumer stocks, but i'm looking at the hot ones, disney, which is tried-and-true putting great mechanisms in place, but vf, the stock has just fallen so hard. it was founded in 1899, and that is your north face. timberland, dickies. every aspect, smart wall, so skiing season is good, vf is going to turn itself around, but that jan sport come at the backpack they own, it is the right price point because the consumer is not spending. wall street and big money will make big money. the consumer it is squeeze will be buying vf products. vonnie: you do see a recession next year in spite of europe's of the consumer buying certain goods of the. where does the tenure end next year? if you would ask the fed we are at 5.25% now. you would not have been expecting 100 basis points by this time next year, but that is what the market is pricing in. 3.5% is another 100 basis points below that. >> i see that 3.5%. we have to lo

they are looking to sell and espn is a big question mark.minority stakeholder. ultimately, i think the whole idea of consolidating hulu is to make the streaming bundle. to have dizzy plus, hulu, and then a robust espn streaming product is the way that they stay on top. i'm not sure they want to necessarily -- they want to have a minority partner there. lisa: do you buy that? >> it will be really hard. it does come down to the price. we kind of value the business. we think anywhere from 22 to 25 billion in terms of valuation, but if they can get the valuation, bob iger might consider it. lisa: i did some research last night for all the different streaming networks. two to three dollars a month. that is for the basic survey. when do people say enough is enough? we cannot find anything. >> that is the big question. we are definitely heading towards a shakeout year opinion of e-service has raised their prices. everybody wants to have it hired so that they can get to that metric quicker and quicker. they want to push more people. people at some p

guy: we are watching sports, or do we learn about espn? -- what do we learn about espn? disclosed financials and we learned that the topline is pretty stable but the bottom-line is being pressured by rising sports costs. they generate $3 billion and the question is the path toward. bob iger has said that they do want to hold onto espn, it is a crown jewel for disney. they are looking to kind of get partnership from outside. again, one does not know if is a tech partner like apple or amazon or if it will be one of the needs. we will watch and see if there is additional reports from disney. alix: thank you very much. coming up, miami is heating up even more, five republican candidates taking the stage for gop leadership. how last night's election results may impact the debate. ♪ it's easy to get lost in investment research. introducing j.p. morgan personal advisors. hey david. connect with an advisor to create your personalized plan. let's find the right investments for your goals okay, great. j.p. morgan wealth management. guy: stats going nowhere but it looks like the na

we are hearing disney is selling espn two questions, who might buy it and how much is it worth? lauren: $22 billion. who will buy it? bank of america saying tech company like the nba or nfl or verizon, the bank is estimating there's 36% stake of espn put up for sale and $24 billion could be used to boost the streaming pivot. >> it is a good move for disney. they are struggling, they have a linear television business but struggling, a lot of things working against disney. this would free up some cash. espn in the 90s, this was the preeminent place to get sports highlights and news and you could do anywhere on the internet and social media so the price is lower than people anticipate because the buyer will think about linear television. stuart: will they allow a big tech company and use their money for that. you can't have that. >> big tech would make the most sense to overcome the linear television industry. stuart: can the us row folk hamas sympathizers? aoc going after pro-israel group calling the racist, bigoted, and extremist. we will tell you how they responded. senator roge

it's a celebration of espn. sportscaster stuart scott, who died in 2015 after a battle with cancer.lasser from our sister station in new york spoke with scott's daughters about his legacy and what the foundation does for cancer research. stuart scott was a trailblazer in the world of sports broadcasting. >> call konerko butta because he is on a roll. his descriptive style made him an espn stand out. >> scott died eight years ago after battling cancer, but his legacy of trailblazing continues with the stuart scott memorial cancer research fund. >> it funds research ers who are focusing on areas of health care and cancer research that in which there are discrepancies along racial lines. it also funds minority researchers themselves to pursue the research projects that they're interested in. >> his daughter, sydney and taylor say the work those researchers are doing is saving lives. and with espn's help the fund in partnership with the v foundation, has awarded nearly $16 million in grants since its inception in 2015. >> the 54 researchers that have been funded by my dad's program have

>> i'm looking for more big picture clarity on espn, on direct, and how much they'll have to pay for at the same time, how are the winds blowing at the ad growing and consumer spending at the parks. we're hoping that flips to something that's profitable. but it's the parks business that generates most of their ebitda. in fact, it's about two-thirds of their ebitda that comes from the parks business. there are a lot of moving pieces here. so outside of just what the quarterly number's going to be, what's the big picture situation with all of these different pieces? >> you're talking about the dtc business, i'm assuming disney streaming plus. how do you view them right now? there's been issues of them not being profitable now. and now disney is taking full control of hulu. as an investor, are you in favor of that movie? >> it's hugely expensive, but i think it's an important piece in terms of their distribution. the key for disney on the streaming business is getting the bundling right between hulu, disney+, and espn to make it attractive. disney has been trying to figure out what is t

espn bet, a service owned by penn entertainment which launched six days ago.ld barstools sports in the summer and rebranded its sportsbook at espn bet the analysts say it's dominating shares are up about 7%, on pace for its best month since september of 2020. >>> paramount is selling a stake in bellator. the shares will be sold to the professional fighters league shares up almost 6%. >> kristina partsinevelos. >>> still ahead, been a year since bob iger's big return to disney we'll break down how he's impacted the media giant you got this. let's go. gobble gobble. i've seen bigger legs on a turkey! rude. who are you? i'm an investor in a fund that helps advance innovative sports tech like this smart fitness mirror. i'm also mr. leg day...1989! anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. i go through a lot of pants. before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. >>> up next, your earnings setup. zoom vi

he told espn's pat mcafee he's already jogging on a treadmill and hopes to return to practice withinee weeks. this is unreal. consider he's 39 years old. he tore his achilles just a couple of months ago. that's usually a year plus of rehab and return to play the jets need rodgers. they just benched zach wilson. they're going with a third string quarterback but i don't know how he can come back and play. niners fans were hoping that the chiefs would beat the eagles last night, but philly just keeps on winning. 2117 they're now nine and one leading the niners by two games in the fight for nfc home field advantage niners did not get the result they wanted but espn and abc sure did. it was the most watched monday night football game since 1996 with 29 million viewers coming off of their first win in two weeks. the warriors hoping to build a winning streak starting tomorrow night against kevin durant and the suns in phenix after missing a couple of games with a sore knee. steph curry, 32 points last night, leading the dubs to victory over the rockets. and finally, klay thompson broke out

parks and the crew ships in the different areas there really doing well and also when you look at espnand espn plus the numbers continue to go higher even though they're raising the prices people are satisfied with that because i think were in a society that experiences number one and then the worry about every thing else later on. cars, beds, couches, all of those kinds of things, people are out for the experience and that's great for disney. >> and cheryl casone. i want to stick with disney, overnight we had a resolution to sag aftra which i'll talk about a few minutes but at the same time the streamers the profitability in the margins for the streaming companies have really fallen and at this point in particular there is a lot of speculation pressure that the good have to spin off abc news and the possibly going to have to do something with espn. what do you think the company is going to do there's a lot of activists investors that are pressuring disney to cut more and sell off major properties. >> i would not be surprised if some of the major properties are not the ones that are ac

he and anchor david muir were joined on stage by alan bergman along with the espn head and josh damarotart off the joint conversation with espn discussing potential strategic partnerships including leagues or tech companies though iger made it clear that they could go it alone when it comes to espn. iger and alex bergman talked about improving disney studios which are under scrutiny after several disappointments. iger was not asked about his battle with nelson peltz although i'm sure it will come up in future board meetings. >> you would think it would. thank you, julia boorstin. no amazon today, and we have a feeling of their own co-pilot. >> despite that we're seeing shares down half a percent and here are the announcements we're looking at and ai has a new chip called trainium2 and it will help wean off nvidia, very similar from what we heard from microsoft a couple of weeks ago at its cloud, vent and we are also going to use nvidia and amd and look, you're starting to see these tech companies and ai leaders go on their own and separate themselves from nvidia as best they can. in ad

dan ives, the analyst at wedbush, suggested that apple should buy espn.you view those scenarios playing out if at all, either your scenario or his >> right so the issue with sports is those rights degrade over time so the nfl rights that espn have and abc has a lot of those rights, too, which is also owned by disney, degrade over ten years. you have to renew them you benefit from the cash flow stream you get real time more important, i think, is the content business, which is the ipo of perpetuity of the entire marvel universe, "star wars" universe, pixar universe and the disney princesses that continue to make a lot of money and winnie-the-pooh every year i think those are more of an annuity stream if apple wants to go to the content business, i would say they want the ipo and that's what we have seen from amazon. amazon bought mgm. no sports rights so for apple the only sports rights are global which is the soaker rights. it hasn't shown any inclination to buy high quality u.s. only rights apple has a 2 billion -- 2 million iphones are in the u.s they d

they started off with espn and the focus on building it into a digital sports platform.ic partnerships for espn, including leagues or tech companies, though they said they could go it alone. they talked about focussing on profitability for disney streaming business and excitement about integrating hulu in. iger talked about the importance of improving the quality of the film studios. film certainly under scrutiny after several disappoints. finally the park's business, which iger doubled down on with a $60 billion investment over the next ten years. now, nelson potential activist move did not come up in this town hall, which several people described to me as very raw raw. iger talked a lot about his optimism and his also his faith and confidence in disney's family of brands. kelly? >> but that's interesting what he down played about the tv channels themselves. i wonder why? >> well, here is the thing, kelly. you have to remember that in iger's interview with me after disney's earnings, he clarified things back in his interview with david faber in july, he said everything

selling abc and partnering with espn and espn bet and hulu and if they don't go exactly as planned then you will see more volatility in the stock and we would wait a little bit longer and let some of those uncertainties pass even if we miss a little bit of the upside and then start adding to your position at that point. >> we shall see. it's going to be an interesting one, that's for sure. victoria, thank you so much. sebastien, it's good to see you if person and i always enjoy our conversation. speaking of disney, do not miss julia boorstin's exclusive interview with bob iger, that is in overtime just after the results come out. we can't wait for that. our question of the day, are disney's share ahead tonight? we have the results coming up later on in the hour, and in the meantime, we'll check up on top stocks to watch as we head into the close. kristina? >> thanks, scott. let's talk about company toast because they're pretty moech m much toast. this is sending shares down over 12%, and almost 13% and gross payment volume came in fractionally below estimates. shares of robinhood down b

back in 2011, i was a production assistant espn and he was an analyst at espn. a lot work on the same show. >> spent a lot of time with him cutting video because he would tell me what video he needs to make his points as the analyze the game. so school. now he's the head coach of the raiders, a team. we covers just full circle, but >> for teams like he has a lot of confidence in the team that they'll get and his former player very intense. so i'm sure they can relate to him and as cole raiders, you know, won 2 in a row. you know, shorelines. this is a very thrilled their recent wins. and yeah, it's mild. so it will be exciting to see how they finished. yeah, he's excited. sunday was a pretty good good. you know, winds for the diners and the lawyers not so much. but now wears a loss. but hey, are right back in action tomorrow will be at game. that's a long season to let's get you checked your 4 zone forecast. talk about law and taking a live look at the golden gate bridge tonight. we are. >> just patiently waiting for the rain. yeah. couple things he gets excited

nfl countdown," that's tomorrow at 10:00 a.m., then you can catch the big game right here on abc and espno: that's the thing. she's on tour. we'll see. >> erielle: she could parachute in. >> whit: she's got resources, that taylor swift, didn't she? >> erielle: i think so. we'll be right back with our "play of the day." copd hasn't been pretty. it's tough to breathe and tough to keep wondering if this is as good as it gets. but trelegy has shown me that there's still beauty and breath to be had. because with three medicines in one inhaler, trelegy keeps my airways open and prevents future flare-ups. and with one dose a day, trelegy improves lung function so i can breathe more freely all day and night. trelegy won't replace a rescue inhaler for sudden breathing problems. tell your doctor if you have a heart condition or high blood pressure before taking it. do not take trelegy more than prescribed. trelegy may increase your risk of thrush, pneumonia, and osteoporosis. call your doctor if worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pai

they're looking for a partner, potentially for espn.y're looking to potentially c sell the linear tv business. they are doubling down on the parks business, which has been a real growth driver for the company. so he's been very, very, very busy. but i would say this is an incredibly volatile time for the industry and for disney in particular. >> yeah, especially with the marvels on the way and cover a variety the last couple of weeks here, julia. interesting times. we'll see what happens tonight. look forward to your interview. as we said, julia with iger tonight. two big earnings interviews still ahead with us. ceo of cava will join us after the break. stock is lower despite reporting a surprise profit and some strong comps. >> and then we'll speak to the ceo of teva, the world's largest generation drugmaker. that stock in the green on the back of a revenue beat and strong guidance. back in a moment here on "squawk on the street." dow goes positive again. we'll be right back. icy hot. ice works fast. ♪♪ heat makes it last. feel the pow

joining us with this take, as always, we welcome back espn veteran coach herm edwards.re not even going to talk about the 49ers. >> they're on a bye. you're good. >> whit: i'm living in the past, but, you know, it's been painful. we'll move on from that. we'll start in new york and the jets. they started the season 1-3. they've won three straight games. how have they been able to turn this thing around? >> well, i think coach has done a real nice job of telling these guys, there's a certain way we're going to have to play football going forward. offensively it's with their running game, and then defensively it's really their ability to take the ball away and not allow points, and i think they're playing complementary football. zach wilson's doing a nice job of not turning the ball over. hall is their guy on against offense, the runner. they're running the ball well. we know they have an outstanding defense, you know, one thing about football that traveling well is a good run game and, obviously, defense. and now, they play a team this week that has a pretty good offense

. >> here now, former espn host sage steele. >> so what's up with this guy, e jesse? >> i lov ie that you're going. with the karen. first of all, he's got some issues. i thin>>k that is established now. and i will say i have intimate knowledge of karenthin in the wy that he has taken a liking to attacking me. kareas to give fullikin context for people who don't know much about deadspin. last year they put me on a list of top ten idiots in the country and tha e title just, se you'll love this. at number six, sage steele, who is the black? owe >> candace owens. i'll just leave that there. that gives you som.e perspective because i think candace is black tape. >> anyway. i wrote down a quote from the actual article because people thought jus t the headline. but karen actually wrote this about this nine-year-old kid that he, quote, found a way to hate black people and native americans at the same time. he's like a nine year old, found a way to do itat. >> here is the people problem with people like karen and so many other, frankly, media members out there todalikey is t t

espn plus to great theme parks and well. but ultimately salas, abc of any television pull down their quarter. but they also announced more cost-cutting. if you see what's happened, him a stock this year after zuckerberg's of the year of official where fired a lots and lots of people. same thing's going on at disney. so 2 billion dollars the cost cutting services down to about set up to about 7.5 billion. for the streamer that we did really, really well. the added 7 million subscribers there at 150 million. they're raising prices. move, those movies that do well in the theater, elemental little mermaid and guardians galaxy 3 in the movement to streaming that kept people interested. they have to figure out what they're going to do with espn next. i think, james, because the too much money for fox so have a lot of debt on the balance sheet and the expectation is that they can partner with someone like an apple or google or they're going to partner with somebody like the nba and nfl as well as the nhl. but that's their crown jew

coming up here espn's desmond howard.iew of that ohio state/michigan game live from "college gameday" coming up in our next half hour. >>> still ahead, the week's top political headlines with the iowa caucuses fast approaching. the republican candidate appearing to gain momentum in the presidential race. >> erielle: and make your list, and check it twice. how you can get the best bang for your buck and cash in on the biggest rewards while holiday shopping. we will be right back. sfx: [alarm clock ringing] sfx: [thunder] sfx: [email notification] ♪ ♪ rich, indulgent chocolate with a luscious caramel filling. discover ghirardelli caramel squares. in a bag and a bar. makes life a bite better. i have relapsing ms, but i still want to spend my time my way. i chose kesimpta because it works for me and my schedule. kesimpta is a b-cell treatment for rms that had... ...powerful results. a reduced rate of relapses... ...active lesions... ...and slowed disability progression. i take it myself once-a-month, at home, or on the go. wh

he told espn's pat mcafee he's already jogging on a treadmill and hopes to return to practice withins unreal. consider he's 39 years old. he tore his achilles just a couple of months ago. that's usually a year plus of rehab and return to play the jets need rodgers. they just benched zach wilson. they're going with a third string quarterback but i don't know how he can come back and play. niners fans were hoping that the chiefs would beat the eagles last night, but philly just keeps on winning. 2117 they're now nine and one leading the niners by two games in the fight for nfc home field advantage niners did not get the result they wanted but espn and abc sure did. it was the most watched monday night football game since 1996 with 29 million viewers coming off of their first win in two weeks. the warriors hoping to build a winning streak starting tomorrow night against kevin durant and the suns in phenix after missing a couple of games with a sore knee. steph curry, 32 points last night, leading the dubs to victory over the rockets. and finally, klay thompson broke out of his shooting

a great sport expert in the history of fox, he's one of the cohost, he is a former espn host himselfs got big opinions and thoughts. >> here's the thing about sports family, i get the need for people to feel a level of investment of the outcome of the game and they use that very abstractly. i don't -- there are a few games as much as i love sports i tune into purely for their own entertainment factor. i need to have an invested outcome in the game. i'm unique in that i get, obviously is anybody who's been on my social media, incredibly invested in my teams. dallas cowboys and mavericks and texas rangers, i am emotional about the outcome of the games and it is fun but when i'm watching games that don't involve my teams, i will still pick a side try feel investment in the outcome. without it, sports is still a good form of entertainment but doesn't have the same level of attraction so i get why people put a little something on a game to get more and again to make it a heightened form of entertainment, i get investment in the game. >> but you have 41% of the people 18 to 34, or the ones

for espn, i think disney is contemplating something different, not a sale of espn, but essentially pursuing by the leagues, to insulate disney from getting into a bidding war for sports rights down the road. >> i mentioned a strike. it's the actors strike that has the last, best, and final offer now. i think i said writers. they're back. >> yes. >> how are -- how is it accumulating as far as the pain for a company like a disney or a warner at this point, now 114 days in? >> i would say there has not been a lot of pain. you know, we -- there's secular pressures in the ecosystem that have not gotten worse in the wake of the strike. the free cash generation has been a bit better because of the strike. investors are smart enough to know it's transitory. most investors i speak with believe that the actors strike will get resolved in the fourth quarter, and we should be back. the broader point, and i think this is right, is that we're not really talking about large dollar amounts here on either side. you know, this is not going to break the bank, no matter how this gets settled. what street wants

and having a minority stake in espn where the future of espn, both as a cable service and as a streaminghe kind of perfect auction dynamics that i think the nba will see with three traditional media companies you mentioned, not to mention amazon and alphabet and potentially others showing up, i really think cash is what will speak here i think the other part of disney that is hard to contemplate, given how much they need the nba is the talk about potentially selling abc. one of the issues warner clearly has as a sports rights bidder, it does not have a broadcast network and reach really matters to the leagues not having a broadcast network is a handicap. disney trying to sell abc and then putting together some kind of commercial arrangement that would give it rights for abc distribution, hard to imagine. i think warner badly needs it because their affiliate fees are so high to renewal of major sports rights, highly leveraged, they can't go that far in terms of bidding, some suggest they're for a smaller package but the question is how small a package before those affiliate fees are compr

it could spin off the espn we don't know what direction he will choose. find out the answers to some of the questions and maybe 2045 is the year we start talking about bob iger and succession >> a lot of questions across the board. jason, back to you you are a disney shareholder how do you view bob iger being back at the helm at disney >> like alex shared, bob iger included on the last conference call that the first year is a fixing year. now pivoting to building the company. a lot of the fixing was focusing away what bob chapek was increasing the subscription model at any cost. they have been losing money with low average per user and bringing people to the platform. now bob iger's job is to turn to profitability. he is doing a really good job. we were at $1.5 billion in operating losses when he took over a year ago. now we are getting close to $300 million in operating losses. that will be flat here as we get into the second half of 2024 shifting that dtc and over to profitability is important bob iger is focused on turbo charging the experience of busi

and there is still the question — what does disney plan to do with espn, its sports service, which manyure. on that, i didn�*t offer much commentary. on that, i didn't offer much commentary-— on that, i didn't offer much commentary. on that, i didn't offer much commenta . �* ., ., �*, commentary. before we go, let's u date commentary. before we go, let's update you _ commentary. before we go, let's update you with _ commentary. before we go, let's update you with other— commentary. before we go, let's update you with other business l update you with other business news making headlines this morning. a live video chat is shutting down after 1a years. this announcement was on their website which shows a gravestone. the platform which allowed users to socialise with random people online grew in popularity during the pandemic and people were forced to stay the founder said in a at home. the founder said in a statement that operating was no longer sustainable financially, nor psychologically. i�*m eagle has been the subject of controversy including in a landmark case where a user .,. , erie/

it start with the nfl and what that does do to the both broadcast cost as well as let's call it espn and amazon cost and it goes from there. the nba drives tnt and tbs costs and it gets passed along to my members in a take it or leave it situation. i want you to understand. this is so constrained, they stop us, the contracts that we have to sign stop our members from telling anybody what the price is we are paying for it either separately or in the aggregate. people question retrans fees, we want to label and put retrans fees that in the aggregate it cost you x for all 3 channels or, you know, $12 for abc and i'm picking that out of the air. that gets us back to customer choice. we talked about a la carte, let's decide consumers get what they want and where to get it from and understand the content providers are the ones us to bundle this together. >> the nfl is causing you? >> the nfl has done very well under mr. gadel's leadership and you see it in players' salaries and you see in team valuations. >> okay. i want to ask all of you, the majority of the panelists here today, you eith