shares of disney getting a boost after bob iger agree to an extension that would keep him on top untily 2019, an extension of a year. it wasn't entirely unexpected, especially since they are having a have time replacing him. >> the succession plan the company spent 10 years crafting fell apart a couple of years ago leaving staggs left, the company in a lurch. they did not have a plan b. they are trying to entice bob iger to stay longer, to buy the company more time to identify a successor. bringing you an exclusive bloomberg story. credit suisse considering selling $3 billion worth of stock as an alternative to raising capital through listing part of its swiss units. they were going to ipo this was unit, now they are thinking after deutsche bank raised money, we can do the same thing. >> conditions have changed. it was a year and a half ago, and conditions were different. the capital buildup, more recently, has been stronger than they anticipated. the shares have been holding up. the option is realistic. it would not have been on the table eight months ago. >> pending out $3.1 billion

bob iger received a one-year contract extension. his new deal will keep him at disney through 2019 about his pay will remain the same. disney will also pay iger a $5 million signing bonus. many observers had wondered whether the 65-year-old would step down. disney is the parent company of abc 7 along with lucas film, pixar and marvel. >> there is moisture in the air, it may not be hitting the ground yet, it will be soon. you can see the massive moisture moving over the north bay right now. it's getting close, and clouds are getting thicker over much of the bay area right now. here's the view from our mount tamm camera, looking down over the bay and out over ocean beach. right now it is 56 degrees here in san francisco. we have upper 50s in oakland, mountain view. 54 at half moon bay. this is the view from the east bay hills camera. i think you're seeing the clouds beginning do move more swiftly, being guided by the wind. 54 degrees in santa rosa. here's a live view from our abc 7 exploratorium camera, looking southward a bit. these

what they have been doing is try a entice bob iger to stay on little longer, to buy the company moreime to identify a successor here. matt: we want to bring you an exclusive bloomberg story -- credit suisse considering selling more than $3 billion of stock. let's get the details of this. they were going to ipo this with unit. now they are thinking after deutsche bank went and raised money, we can do the same thing. >> that is right -- conditions have changed. when they set out with the plan, it was a year-and-a-half ago, and conditions were different. it was quite a split for the banks more generally. thee then, the capital look, especially more recently, has been stronger than anticipated to shares have been holding up. the option is not realistic. it would not have been on the table 18 months ago. bucksan: credit suisse the trend -- handing out bonuses in 2016 at a time when peers are downsizing bonus pools. why is credit suisse able to do something others have not been able to deliver on? >> part of that relates to the legal issues credit suisse has been facing and the settlements

it allows iger to enjoy the success of two more "star wars" films. solo feature in 2018. that follows "rogue one" a feature length teaser for the next two films. i like "rogue one." >> and one a year. we'll get a lot of that. >>> "early start" continues right now. >> the ultimatum from president trump. get the health care deal done today. will the ways of washington grind the dealmaking president to a halt? "early start" has live team coverage right now of the important story. welcome to "early start." i'm christine romans. >> i'm dave briggs. friday, march 24th. 5:0 a.m. in the east. the political version of win or go home. president trump laying down an ultimatum to house republicans. vote on the health care bill today or you will be stuck with obamacare and forced to explain why you didn't vote to repeal it. all this after leaders postponed the vote scheduled for thursday when they did not have the votes. both the white house and house leaders said to be frustrated with that ultra conservative freedom caucus. after both spent the day trying to quo

bob iger received a one-year contract extension. his new deal will keep him at disney through 2019 about his pay will remain the same. disney will also pay iger a $5 million signing bonus. many observers had wondered whether the 65-year-old would step down. disney is the parent company of abc 7 along with lucas film, pixar and marvel. >> there is moisture in the air, it may not be hitting the ground yet, it will be soon. you can see the massive moisture moving over the north bay right now. it's getting close, and clouds are getting thicker over much of the bay area right now. here's the view from our mount tamm camera, looking down over the bay and out over ocean beach. right now it is 56 degrees here in san francisco. we have upper 50s in oakland, mountain view. 54 at half moon bay. this is the view from the east bay hills camera. i think you're seeing the clouds beginning do move more swiftly, being guided by the wind. 54 degrees in santa rosa. here's a live view from our abc 7 exploratorium camera, looking southward a bit. these

. >>> disney ceo bob iger defended his decision to stay on president trump's business advisory council as an opportunity to voice opinions that will benefit the company. after facing criticism about his inclusion on the council, iger said he had no plans to step down from the group. the disney ceo did not endorse the president's policies and said "i don't happen to believe policies that single people out by religion are fair an just." >> the former utah governor, jon huntsman has accepted president trump's offer to serve as the united states ambassador to russia. this, according to nbc news. huntsman served as the ambassador to china under barack obama and as the ambassador to singapore under george hubert walker bush. he also ran unsuccessfully for the republican nomination for president in 2012. huntsman will need to be confirmed by the senate. on a programming note, cnbc will speak to scott pruitt, the president appointee to lead the country's environmental protection agency. that's at 14:40 cet. >>> a top republican lawmaker in the house and senate have said they plan to introduce

julie: disney extending bob iger's contract as chairman and ceo until 2019.uestion about his future at the company, talk about him stepping down but been questions about who would succeed him. the board has convinced him to stay on. a little bit of a leg up in stock, trading for tents of 1% -- 4/10 of 1%. the disney shares have done quite well under his tenure but now he is facing a decline in subscribers at espn which is the biggest drag for the company. iger will stay on at disney to july 2, 2019. we will bring you other details as we get them. disney shares take a leg up on the headline. mark: up for the first day in for, stoxx 600 up led by travel and leisure, retail companies. investors awaiting the outcome of the health care vote here in the house of representatives today. this is a great chart, europe long-term laggards are now beating their peers by almost 13 years. the stoxx 600 technology index, the white line, the load line is the measure since 2004. the extent to which it is beating the stoxx 600. , more thanogy gauge doubled the gauge of the broa

what is the bob iger premium in the stock?strategic execution with china and acquisitions of films studios. he has done a great job. so i would say that it helps, because it buys us another year to find a successor but i think the biggest challenge for disney is leadership. if bob iger got hit by a truck, it would be bad because they don't have an internal successor and the company would be in disarray. apple.sk at disney than alix: what is the downside potential? laura: i would say immediately, 15% if anything happened to bob iger because there is no natural successor in turtle he. i think they have to extent because they are finding trouble having someone who is qualified for the seat who is willing to take the seat. a lot of people have stayed no. alix: that was laura meyer -- that was laura martin. mark, what is coming up on the program? mark: we talk about all of the angles talking with kasey nixon, asking whether markets care and how they will react in ever -- in every eventuality. the finance minister, trying to hammer

and iger reupped. >> if he doesn't or wasn't staying as long as as he now is -- >> i think that was al of us. we were just talking about that with schultz. >> if he doesn't reup, it's because they're going to sell the company the to apple. >> tim cook. >> it's not all fun and games. not all of the calls have workeded out just yet. >> this company has very company specific things they are doing with a new ceo, cost cutting and eventually, if it doesn't work, they will sell out, so i'm a buyer. >> okay, so, what do you do with e*trade then? it's down 7% since the end of february. >> i have been adding. around those levels. i don't think the story has changed. a lot of o the price wars with the online brokers is certainly real, but it's a small percentage of their total revenue. two, the kind of special situation story why i like it with the new ceo, with them trying to find additional growth, they have a goal of growing 2 to 3% incremental organic. if they can't find growth via like denovo or making an acquisition, they may sell out. i think this industry is consolidating. i don't think

now disney ceo bob iger says the film remain as is.ral leia and many were wondering if the movie would be rewritten to deal with her death. but iger now says she appears throughout the film and they're very happy with it, no change is needed. "the last jedi" hits theaters december 15th. after that there's at least one film left in that franchise. >> i expect we'll see more than that. >> probably. >> speaking of which, the power rangers reboot is gearing up for a franchise of its own. the film's producer tells "variety" magazine fans can look forward to a six-film part. it turns out the production team already intended on creating six installments while developing the first film which is out now. he also says they've already started working on the second one and, dan, i know you're a big power rangers fan so i know this one is special for you. >> uh-huh. >> dan is one of the original power rangers. >> yes. and finally your horribly misspelled name, no longer the only reason to post a picture of your starbucks order. the coffee giant has

what's the strategy going forward, iger stepping down. obviously this extension is huge. i think one stat that is interesting people don't know about disney. we know about the movies and things working well and espn may be not as bad as everybody said. how about the fact their free cash flow almost covers all of the stock they buy back, as well as dividends each year. that's impressive. >> pvh, joey. retail is terrible. yet pvh, they beat and they give better guidance for the whole year. >> gave great guidance, very upbeat. talked about growing the business over the next five years in china. nearly doubling it. talked about the opportunity there and the strength they're seeing. look at the stock. this is a stock that last year was 66. 114 in the fall. 98 here. as you rightly point out, fantastic commentary from the ceo. >> i was wondering -- the ceo is manny chore eco. is this like an execution story? managing the inventory and the business? >> no, i think it's -- >> they have the right product? global climb? van hoosen, nautica? >> it's the global footprint, i believe. t

. ♪ ♪ bob iger issney ceo staying put on an advisory with donald trump.- take a listen. >> i did not your do not believe that my membership endorses or supports any policy of the president or his administration. i think it is a privilege opportunity to have a voice in the room. caroline: speaking of president trump, he met to discuss immigration policy. trumps immigration policies have cited steve jobs and example, as jobs biological father was a syrian immigrant. saying in washington, a new fcc chairman faces senate lawmakers for the first time since taking the role. he maintains the fec does not have a verve -- role in doing the at&t and time warner merger. graduation by democrats before him. ,oining us from washington welcome to bloomberg technology. i want to cast my mind back a week ago. barcelona, hey in i lined how he wanted an open net. >> the need for a free and open internet. it is something i think consumers take for granted. dealing thing what framework can preserves -- caroline: he's not a fan of title ii classification and you back him up? >

igere pichaes so oerre, ats at ialabt. u. e eem uc pled b re phi spke bhn o t dr. ulyahabe t sak fole tn o arno howod u gdeaury a spke y ado: sce ttg e mmt thhe hei nto keuri clr. isssnsze diusonabt ttg ne spke a t tesouanakth ju fm e t oer i nto y ts aoly dierceorsohaanhi se erhabe rl ncn thwa ts llasold t. e diti tt iss gur dewh mt u fod eiln lico thasheweir s a te wh e igalilan th iasold t a nd nhtheno ous reer erarcoerbo t presanopne oth. ha t sak ceaiy s ennginnd ki f iutrovebo inheaus. ha bn ryutok i exesngy priaon er th bng sd, ts a llgimwi aarcur llhaisroblthmo imrtt llhaweilvo on ith cgrs. pha ne a netiin a minchge th aecthpelee rv i ulgi h aoo gde wl y trereom leni men wcafi fr ts ptila bl d e cthawh iwaroed w,t sd,t ts ainy oi, isayr e ghy. buatea warop t mofitis n. itee tbeodiemo th jt fe tak t rch e 6 ve reol mssnl: dyoage we ear athibi ndso de t e othon me reheesofhe00 y en y he t i acevle ia li i quti. w dnogeth de thenofheon, oe ldp x fo, icis ital iornt itol uotr eainhe prriiorosshawe edoe alg thecse wldolupurudt,t ulho ubuet coiltiecseouav toethio

it looks like bob iger is sticking around at disney. of over a decade has agreed to a contract extension that will keep him atop the world's largest entertainment company until july 2019. he said he would not extend his contract afterwards. bob iger's annual salary will remain unchanged, but you'll get $5 million for agreeing to the new contract. this settles who were run the company for the immediate future as the board of directors continues to search for his replacement. the move also gives him the time to address proms at disney's most profitable business, espn. coming up, as google works to rectify its growing ad controversy, more analysts are weighing in. we'll break it down next. that's next. if you like bloomberg news, check us out on the bloomberg radio. you can now listen to us on the bloomberg radio app, bloomberg.com, and in the u.s. on sirius xm. this is bloomberg. ♪ >> it is 1:30 p.m. in hong kong. president obama's top trade negotiator says the trump administration's withdrawal from the tpp is an error of judgment. he say

liz: so would bob iger.: would dead flat on the market, the moment is up 1 1/2 points and now it's up 3 points. 2859. soft outlook signet jewelers. jared's, kay, the stock took a hit when a lawsuit was laid on them. >> a poorly run company, and i was in the stock and got crushed. stuart: did you? >> i got out a year ago, it was a disaster, a disaster. >> i hate hearing that. the staples, all of these bricks and mortar stores, they take a beating. liz: you wonder if they're going to try to merge with office depot, how do they save themselves? >> i don't know if a merger would office depot would. at&t, there was a glitch that caused 911 outage in various parts of the country, some wireless countries able to make emergency calls not able to make the stock at all. sears revenue coming across, a bit higher. the stock is up 3%, but sears has been devastated, period. that's retail ice-age. the ceo of urban outfitters says that the retail bubble has burst and there's going to be a wave of store closings which will a

e sy iger brkawi burom w,r. sar,hei nied ati was veryro mel a iatow a e xtpeerca u otr lica fur, a hahitoay we, mamy mhere cseeerhoe thve an wshedahs brka corulisrynd dleitwa ctuedn at mt. neas'sffci mtos quitber t lu o ofci, e eoe o neasa are gmly ne,ut unr ha ia rli. thpele oneas he a unuabilit to ooat siuaonndizit u etr nes pas tat inane fe aritle tos. w, sometimes,r. sear, neraa has beenescribs in t pulmanaonf ur couny,it athre eran der because it w hohtotnwod gow the. toy,e veotthargest amnt ogee d irrgation inhe cny,ncudg e cth we reheargest growef poprn werthearn lvestoc prucioanoody prodti awe aspialty crs. re fovercountry. th int yu come t nraa deazehat a wonrfle to lendo anai aamy. reatelfr fmri, exep eenn rs mmunies cgeio awe a pluion. nraa soune te hiesgruaon rten e cont. d t les umpymtat inheoury ahghnru brka fain cn lf sksou in tt h ncdi elaga who undoyow cil rht pnrs cef sndg br. lcm xaho pfeiol hletesobibnndga ye. dnttae,enon, maonrao, jncarsonnd di ve. r listu iaod f paisip a waly. emseou b fese

so i thought, when you see what iger said, i think that's kind of like that's the -- don't you thinkhat's the m.o.? >> i think you get it, certainly as a shareholder you understand that. >> right? >> i would think. in terms of trying to advance what's in the best interest of the company. it's unclear to me how that would not be beneficial at least, or at the very least neutral, right? >> it's interesting, travis kalanick is the only one -- >> pretty much. >> and he's the most challenged in terms of -- >> by the way you see musk in that tape right there we were just playing. apparently the president had a lot of questions about the hyperloop at this meeting yesterday. said we're going to dream big with an emphasis on giving states money that have projects you can start in 90 days. >> well, you know, guys may dream big but people are very worried about -- there was another note today about tesla and the model 3 and the costs that are going to come there and the gross margins. now, one of the things i love about musk is he'd be thinking right now, i mean, how can you in the same breath

iger says he's not endorsing the president. as for elan musk, he's not tweeted or commented on this billboard. we know it's been up for about a week, it costs about $5,000 per month, and is seen by over 200,000 drivers a day. >>> now your accuweather forecast with spencer christian. >> the reviews are in, it appears that most people are enjoying this warmup we're experiencing now. we have high clouds. skies are still bright and it's still quite pleasantly mild outside after a day in which high temperatures moved into the mid to upper 70s in the inland areas. a couple 60s on the coast. here's a live view from our rooftop camera at abc 7 currently 58 degrees here in san francisco. 67 in gilroy, 55 at half moon bay. this is a view of the golden gate bridge where skies are partly cloudy. traffic is moving freely 64 degrees right now in santa rosa, napa, fairfield 63 at movado. livermore 65, here's the view looking out over the bay we'll see fog and how clouds overnight. mild weather is ahead for the next week or so shower are possi

. ♪ caroline: disney's a ceo bob iger is staying put on a panel of ceos to advise president trump.ing a shareholders meeting, and activist requested that he leave the panel, suggesting his participation supports policies. take a listen. believe nor do i believe that my membership in that group in anyway endorses or supports any specific policy of the president or his administration. i think it is actually a privileged opportunity to have a voice in the room. caroline: speaking of president trump, he met to discuss immigration policy with the widow of steve jobs on wednesday. critics have often cited steve jobs as an example of how the u.s. has benefited from welcoming foreigners. an organization has supported immigrants and refugees affected to trump's immigration order. competitivea advantage over amazon and microsoft. at a company conference on wednesday, diane greene cited data that ranked google as the most reliable company. she went on to say google cloud is attracting clients such as ebay and verizon to a broad portfolio of products. ceo said he sees cloud computing evolving

iger says he's not endorsing the president. as for elan musk, he's not tweeted or commented on this billboard. we know it's been up for about a week, it costs about $5,000 per month, and is seen by over 200,000 drivers a day. >>> now your accuweather forecast with spencer christian. >> the reviews are in, it appears that most people are enjoying this warmup we're experiencing now. we have high clouds. skies are still bright and it's still quite pleasantly mild outside after a day in which high temperatures moved into the mid to upper 70s in the inland areas. a couple 60s on the coast. here's a live view from our rooftop camera at abc 7 currently 58 degrees here in san francisco. 67 in gilroy, 55 at half moon bay. this is a view of the golden gate bridge where skies are partly cloudy. traffic is moving freely 64 degrees right now in santa rosa, napa, fairfield 63 at movado. livermore 65, here's the view looking out over the bay we'll see fog and how clouds overnight. mild weather is ahead for the next week or so shower are possi

disney's bob iger, been out quoted as saying a lot of people have urged me to seek political office.portedly is telling friends that he is considering that run as a democrat. also exciting this week, oprah has vehemently said before that she will not run for president. however we heard some sound that is hopeful. >> i was thinking, i don't have the experience, i don't know enough and now i'm thinking oh. >> she has said before she's not interested. this week was a change in tone. facebook's mark zuckerberg has mentioned that take a leave and still keep control of the company. also, interestingly, he went soft on his aetheism and actually answered a question on facebook. one of his fans was commenting on a holiday post. and he said he wasn't exactly an atheist, grew up jewish and religion is important to everyone. interesting in the realm of running for politics. dwayne "the rock" i don't knowson said to "vanity fair" he wouldn't rule out running for president. he has been out on the political circuit since that under armour controversy where kevin plank, ceo, went in favor of trump a

we had bob iger on president trump's advisory council, people are ging him a hard me. on it? it's so hard to a guy seated at the table. >> exactly. if i'm a shareholder in a company and the ceo is playing politics with my investment, i would be not so happy. i don't think participating in invitation like you're talk about of the president is playing politics. it's doing what's smart for the company. if we looked at patterns, the espns and the nordstrom and some of these who have very much gotten into a political hissing match with president trump. charles: what about when the trouble comes to you? the woman who started to grab your wallet. she was very successful. neiman marcus got rid of the ivanka trump stuff. lo and behold, there are a couple rings. the black onyx ring with the diamonds, i like it a lot. >> pretty expensive. charles: goes nice with your dress. what happens when the trouble testimonies to you. >> difficult things businesses have to deal with. charles: for neiman to blink, the woman starts a campaign on twitter, they made a decision in part based on t

then last fall, there's still one more decline in subscribers, but ceo bob iger said he was feeling better espn. that's all he had to say, because he backed it up by talking about an amazing movie slate that has since come to fruition, disney stock has seen its both good days and bad days, even though espn's woes haven't real -- starting to process other positives. in this case, disney's incredible movie schedule, that more than offsets any weakness in the cable business. in the meantime espn's costs are coming down and the street's starting to realize that the company's subscribers should be counted, some way, sharp or form. then goes starbucks, this one's really interesting. this stock peaked at $63 in november of 2015. just a totally, nothing 2016. has had really a pretty rough go of it. especially when same store sales stalled. this started off as a high quality problem, because we like mobile ordering, then it just devolved into a problem. plus the inspirational ceo -- but the stock only falling down to 51 bucks, lately, i don't know if you have seen it, starbuc starbucks' stock has b

disney's ceo bob iger revealing the film, a stand-alone movie on han solo will follow his life from 18 the millennium falcon and how he met a certain wookie. [ making wookie sounds ] >> that was pretty good. >> not bad. [ making wookie sounds ] [ applause ] and that was not a casting announcement just so you know. you'll remember this picture put out just a month ago. that's the new cast and the director. han solo played by alden ehrenreich -- that didn't sound right and one more thing, everyone has been secretive about "episode viii" but iger said sometimes he reviews the daily. it's what they shot that day. he does it in his bed on his laptop under the covers to keep the project from his teenage sons. >> that's hilarious. >> to sit with that mental image. the ceo goes under the blankets to view the dailies. >> he didn't have to share that with us. >> i really like that he did, though. >> pulled it out of him. >> something going on out here. >>> a belated happy birthday to reese witherspoon and shared this photo of her two oldest kids who happen to look just like her. it's so crazy. t

widely discussed as the democratic presidential nomination include chief executives like starbucks, bob igerey, sheryl sandberg, the chief operating officer and oprah winfrey, chief executive of harpo, all of them denied a running or seriously considering it. but everyone ahead of the first primaries as did hillary clinton four years ago and it hasn't stopped anyone from speculating." >>> people don't need to go to the paper to read it. because you've read the article. >> they're too juicy and good. naming names. jim stewart is going to be on swap on the street. this is a particularly good juicy column about ceos as president now that we have one. >>> my pick in the financial times. it's title wilders' one man band heads for dutch poll destiny. >> he's leeld not guilading in . he's likely not to be in the government. an odd system that the dutch have. this is an outline about the man and about the party. he's the anti-eu, anti-islam party leader and it's a background of how he's got to that position, the difficulties that the dutch are facing domestically. i learned a huge amount about his b

>> yes, bob iger. >> not bad, you can work for another year. >> oh, that's good. do me a favor? >> sure. or maybe. >> if you see jimmy kimmel, he needs to sign my time card right there so i can get paid. >> i can sign it. [ laughter ] >> oh, yeah, sign it. i get paid overtime on sunday. that's right, overtime, baby. do you want a fortune cookie? >> sure. >> okay. >> people are naturally attracted to you. >> wow. that's right. i think it's true. >> they're so right. >> i am very attracted to you. >> oh, very good. >> thank you. >> i love you! halle, halle, i love you! oh my god! she's the best! wow! >> are you guys thirsty? >> i'd love a tequila. >> yeah? right here. hold on. >> that's a handbag, darling. >> yeah, it is. look. then you go like this. like that. and then you go like this. then you go like this. >> i'm smelling it first. how did you know what i wanted? that's nice. >> it's tequila? >> it's inside. try it. good? >> i really appreciate that. >> thank you very much. >> no, thank you. >> are you trashed? >> a little bit. >> no, i'm good. >> i like your st