the ceo bob iger said something interesting about espn, we'll hear from him. i'm melissa lee, you're watching "fast money" on cnbc, first in business worldwide meantime here's what else is coming up on fast. >> it's done >> yes, mr. frodo. it's over now. >> that's what some traders hope is true with shares of retailers which surged today off earnings. will the bounce last >>> plus steve grasso is bringing the heat, pitching one stock that tumbled 20% in the past week. he thinks the stock is now on double for the next year the name, when "fast money" returns. i've always wanted to create those experiences for others. with my advisor's help along the way, it's finally my turn to be the host. when you have the right financial advisor, life can be brilliant. ameriprise directv has been rated #1 in customer satisfaction over cable for 17 years running. but some people still like cable. just like some people like banging their head on a low ceiling. drinking spoiled milk. camping in poison ivy. getting a papercut. and having their arm trapped in a vending machine. b

iger refused to comment on those rumors. >> here's one to keep an eye on after the bell. hasbro has made a takeover offer for rival mattel, talks are a result of toy makers needing to survive as kids turn more a more to gadgets. as for the size of a deal, mattel's market value is $5 billion. hasbro's 11 billion. shares of both companies initially rose when the news broke but take a look at mattel popping more than 20%. president trump fresh off a feel good trip in china, brought his america first pitch to an economic summit in vietnam today. adopting a harsher tone, the president said the u.s. would not be taken advantage of o trade anymore. kayla tauche wraps up her coverage from beijing tonight. >> repr: president trump addressing the apec summit friday, a group of 21 nations representing 51% of the global economy. his message? america first. >> from is day forward we will compete on a fair and equal basis. we are not going to let the united states be taken advantage of anymore. >> i am always going to put america first, the same way that i expect all of you in this roo

i don't think so i know some people have wondered about succession bob iger, of course, extended his contract a number of times set to step down as the longtime chairman and ceo of disney in july of '19. my understanding is this is not about succession, not about james murdoch stepping into that role. >> david, stay with us let's bring larry into the conversation he's associate portfolio manager of the multimedia trust. he owns disney and 21st century fox, larry what do you think is going on here >> i love the deal i think it's strategically -- >> i'm sure you do look at the prices >> yeah, financially it makes a lot of sense so let's look at it on four plains one is the intellectual property fox has got its paws on avatar disney opened an avatar theme park avatar is probably the one youth-friendly ip that disney now doesn't own. boy, what a stable that would be next to disney, pixar and marvel so sometimes when disney's bought ip like pixar, it's paid for itself in one or two films the profits from "avatar" could be awfully nice for the mouse house. second thing, the television prod

bob iger takes this process very seriously.ry tightlipped and its a very behind-the-scenes process. julie: as we see all this consolidation going on in media like meredith and time today for example, do we have any insight into his experience with m&a or does he have any experience in that department? christopher: no, he's not a big m&a guy. people considered a candidate was the head of strategic planning at disney. he is the architect of a lot of -- big deals like lucid film lucasfilm and marvel and all that. he does not have the operational experience that chapek does. he has run two of the largest divisions and proven himself at that. that was always something critical in the succession process. iger would move people around to give him that experience of managing people. vonnie: thanks. julie: chris is our los angeles bureau chief for merger news. vonnie: it is time now for a latest bloomberg business flash. a look at the biggest business stories in the news right now. oark capital is raising its bid for buffalo wild wings.

it dropped 4% or so then did an about face as the conference call got under way the ceo bob iger madericing about the app. here is what he said >> we have given a lot of thought to pricing espn and the disney brand and service. i can't get specific with you, yet. we haven't actually determined it we said we will be forthcoming with you on this sometime after the first of the year. i can say that our plan on the disney side is to price this substantially below where netflix is >> clearly a lot of investor interest in this joining us on the cnbc news line, a research, welcome. thanks for calling in. there was a lot of moving parts between the new app, the miss on revenues, of course, chatter and explanation on the deal. what is the upshot >> good morning. i think there was a lot of positivity taken away from the results. you know, the direct consumer survey, the international parks contribution, which is just gaining traction the pipeline is robust last quarter was somewhat of a reset quarter that was depressed by investment and the hurricane maria impact, when you think about this new

. >> well, it's interesting how you say that, tyler, because i think this is a shot right from bob iger at reed hastings, so as was mentioned prior, all of the content was pulled out, and with the direct-to-consumers offering, i think it's the realizatio that by bob iger and disney that they're going to need to create a more robust offering. i think grabbing things like avatar and x men from fox is something they'll need to do to compete. >> from aninvestor's standpoint, if the deal is structured as david faber reported it right now, with the details that we know, is this a good deal for the stock prices for the companies and their i believe so.ors. you have to be in -- and that's really what disney is and their able to acquire properties like they have with lucas and with pixar, and immediately monetize those as proven. if y look at disney stock up today, obviously if you -- because i think the realization is from investors there, they don't have the scale and it all comes back to content. even as it's transcended over into the telecom space, at&t and verizon, while they were both down

bob iger'successor has narrowed down to one candidate. bob k pack, the head of disney's parks and resorts division, is the top contender. he helped oversee the launch of shanghai disneyland, which went on to exceed 11 million visitors in its first year. iger is scheduled to retire in 2019, leaving 19 months to complete a transition for the top job. after years of struggling in the print world, time ink is being sold to meredith, paying $18 and $.15 a share. deal, mediahe company meredith received a $650 million injection from koch equity development, giving them a large stake in the brand. can the company become a more formidable competitor to facebook and google thanks to the larger audience this deal of ford's? let's bring in at a hammond in new york. talk to us about the koch brothers' strategy. what do they want out of this? ed: primarily, they just want to get money out of this. everything that has been said about this by meredith is that this is a purely financial investment for them to he

>> hey, kelly, i just want to mention other part of bob iger's quote in this release here, he says "wentinue to invest for the future to take smart risks required to deliver shareholder value. we certainly expect to hear a lot of questions about those reported talks between disney and fox. disney reportedly interested in buying fox entertainment assets. detail on espn, you were mentioning espn, pretty much flat with a year ago quarter as higher programming costs and lower ad revenue offset by higher affiliate revenue so affiliate revenue growth from contractual rate increases partially offset by a decline in subscribers. that continues to be something that's going to be a lot of focus on certainly in this conference call. kelly. >> is. >> disney shares down less than 3% right now again, the espn issue still remains the major one. stephanie, maybe is why they have would have expressed some interest in fox entertainment. as they look aheadscream i bla streaming services. >> i'd like to see them do something that makes sense, that's synergistic i'd like to see a beat on espn at least one

says he doesn't know if disney will go ahead and do that deal, but he did say it would make sense as iger down on content as he works to take disney directly to consumers. >> thank you very much, julia. what do you think happens with this deal at this point? >> i think it gets done. hopefully the politics fade away, but i think the day we heard fox and disney was the day that we put a floor under some of these media valuations. not all of them, about you what mr. diller is talking about, not just the sinner joyces to scale operations, but the scale that's required, with some of the distributors i think a lot of these now need to get bigger again, and that may not be a bad thing. >> there's an interesting report that amazon was considering offering a prime video version that would be ad supported, so you wouldn't have to be a prime member, per se that could really change the dynamics. >> you're likely to see that when guys start streaming more live tv, live sports, there's got to be different ways than to pay just $10 or $15, so i think we'll see a massive shift. about doubling down on con

can say that our plan on the disney side is too price this substantially below where netflix is >> igeraid they'll create a new trilology set in the star wars universe. last night was spent looking at the number of business units, down year on year most of them. >> the market seems to be somewhat encouraged by the decline of what was it, only 3% in terms of subscriber losses, that is a slowing and that may be something that people are happier about given the focus for so long has been on the continued decline of subs at espn now the folk s seems to be turning in part the direct to consumer efforts that they are involved in. they did give some details of their expected plan although we won't see a lot for to for some time try to understand the coast associated with that direct to consumer offering, going to be on the sports programming side and then the entertainment side. not a lot of conversation you might expect on the call nor on fox's call about a report on monday, the talks between the two companies that would he have involved disney buying a lot of the entertainment assets, almost

david: briefly, bob iger.gh, that will be his last full year, so will it be good for his stepping down? paul: no. the plan they had in place several years ago was making a time to step aside, but this is where we are and the next, one of the next big issues for the company will be to identify a successor, which is obviously big shoes to fill. david: very big. paul sweeney, thank you. jonathan: coming up, china takes a historic step, paving the way for western companies to take ownership of their banks. we will discuss what it means for investors. from new york city. the story yesterday, weakness. today, continued weakness. down a third of a percent on s&p futures. this is bloomberg. ♪ ♪ >> this trip comes at an exciting time for america. a new optimism has swept all across our country. >> despite risks and uncertainties, global trade and investment are picking up. >> we are not going to let the united states be taken advantage of anymore. >> we should continue to foster an open economy that benefits all. openn

iger not doing much press today but it does raise the point that some argue the m and a environment hasotten eerily quiet. >> i think we'll have a busy period when it comes o to merger and acquisition activity between now and end of the year. i can't guarantee it but i certainly know my list of things i'm following is larger than it typically is whether it's broadcom and qualcomm, mattel, and cvs and aetna. fox and disney or fox and comcast, you have to wonder whether that's gotten a chill give what's going on over the acquisition at time warner no shortage of potential activity out there that we already know about i do think we may see some more. we'll see. but we could end the year on a strong note there, carl. >> we did get report that the bid for buffalo wild got up to bit over at roork capital. got the time thing under our belts today. >> it would be almost odd if you didn't see it pick up, just given the fact that -- just the fact that so many industries are at that seeming moment where companies have to decide, either i get big other give up and sell out. also, people aren't too

>> bob iger. he did pixar, he did marvel, a lot of things. he's done a lot of right things. he's been very slow to the streaming world. he was looking at twitter, went to bam tech. why not twitter now? it gives him -- they've looked at it before, mel. salesforce looked at them as well there's multiple reasons twitter could be interesting to something else twitter can't monetize themselves >> the last time they looked at twitter -- >> salesforce was looking at twitter in 2014. he said he looks at everything and does very little but i still think that's something that would be in the crosshairs i say that as a guy who doesn't own twitter right now. >> but a guy who loves bob iger. >> i love bob iger and that could be a good move for them because they could monetize. >> at&t. we had craig moffett a couple of weeks ago. >> was it? >> two weeks ago >> time stands still we'll say, and we made this point then, they have no etf growth, they've multiple debt issues i would submit, and we did this a couple of weeks ago, 10 1/2, 11, they're going to earn basically $2.95 a chair. it tra

. >> missed on metrics that didn't even exist bob iger, stock goes down -- >> who did >> bob iger, getstock goes up. the stock's up 3% right now. why? >> well, because i think the promise he actually offered in terms of looking further out, give us time, kind of that amazon, give us time we're going to show you what we can do they talk about 2019 already and people are willing to buy in to bob iger because he's got a proven track record. >> he's going to be leaving. >> right but have i been disappointed in the fact he hasn't done a great job in streaming yes. bad te bam tech was a great thing, great to know he's been kicking the tires of twitter. >> they have a new service coming out. >> right so the combination of all that and they're making cuts that's not fun for anybody losing your job, but there are areas where there is room they need to make some cuts to get themselves back to a much better growth. >> and, judge, he basically came out and offered, you know, an optimistic outlook when he says i'm putting a billion back into the theme parks. >> right. >> i'm putting all this money i

>> well, you remember it was not just idle speculation, before bob iger got the job as the insider oflly quite close and friendly with bob iger was a real serious candidate and it was michael eisner who blew the secret on that when she was still back at ebay her decade at ebay, by the way, was an incredible track record the growth not just of ebay, itself, that she took off, you know, astronomically from basically the startup she inherited, the force she has created, but paypal, itself, is now a spinout she had nurtured, it's larger than american express, who would have ever thau thought. she has a great track record across platforms disney, although, she's just a few years younger than bob iger, would be unlikely at this stage but you wonder what's going to happen going back to hasbro, her old roots. she launched her career way back there. i don't know that was her most favorite period of her career. if that mattel deal comes through, that would be interesting. >> i don't know. i mean, we've had a guest talking about her running for president 2020, and debating donald trump and, you

lot of expanded stuff, and to keep pushing on their own delivery mechanism i think that's what bob iger is trying to do celting it up for his successor. >>> let's bring in jim stewart, and ought thof of "disney war" one of the great business books if you haven't read it already >> what do you make of this deal >> well, it's utterly fascinating, i don't think disney has to do it. i think the stock market reaction indicates it's probably a better dealing for fox than disney, but i think it could be a plus for disney definitely this to me is a domino, maybe one of many from the decision to kind of cut the ties to netflix and go it on their own with the internet distribution. if you're a fox, you have to ask how many companies have the scale to do that the old models are breaking down could fox do that on its own how many over the top things are consumers going to pay for >>> the implicit med that scott is sending is tremendous, considering that news corps split into these two companies four years ago here they are selling a bulk of their assets it's supposed to be the fast-growing entity h

emily: iger saying on the call, no urgent need for new film franchises.y, how optimistic are you about this new disney streaming service? they have cut ties with netflix in a number of ways. they are focusing everything on this new streaming service. but when you have competitors like netflix that are already very much in this game, how likely is it for such a service coming from disney to succeed? cory: i think the real question is how big a loss is disney willing to take. netflix is a technological marvel, but they have lost billions of dollars in creating that technological marvel. and the question is, even if disney can manage to master that technological feat, how much is it willing to spend to do so? the negative free cash flow that netflix investors are willing to tolerate, disney investors are not willing to tolerate. so what is disney going to do? are they at a point that they think this kind of service can generate positive free cash flow investorshich there demand and which disney would certainly like to have. the digital transformation to holl

the turn around happened on comments ceo bob iger made about pricing with the new branded app. >> weave given a lot of thought to pricing, both espn and disney brand of service. i can't get specific with you, yet. we haven't officially determined it we said we will be forthcoming with you on this sometime after the first of the year. i can say that our plan on the disney side is to price this substantially below where netflix is >> iger said disney struck a deal with "the last jedi." there will be a new trilogy and "star wars" for disney's streaming service. the new "star wars" trilogy raises hopes that the company's fortune will get better. joseph >> is this better for you? are you up to speed on this? >> yes, but i don't want to go off track because we are still on disney and i know you have bart and crockette here. >> okay, but as far as the 30%, is that better for you, on this? >> for me? >> yeah. i mean, that was a problem for you in the past. how about the estate tax >> yeah. all helps. >> you think it matters if we delay it to 2019 or gets done and it's permanent the lower, th

you're wrong, you lose a lot of money >> wo yuld you like disney to by some of those fox assets >> igermart. so the answer is yes >> if it went the other way and comcast was able to buy some of those assets, including the 33% stake in hulu, would that then threaten your buy case for disney give than they're launching their own online platform, or do you like disney either way >> i like your question because i own comcast. brian roberts is like iger, the reason i own those two is because of the people running them i'm delighted to have them joust it out >> comcast, of course, the parent company of cnbc more broadly, your view on general markets and valuations at this stage? >> we know and we've talked about it, that valuations are very high. but interest rates are low to the extent we continue to have -- just yesterday we had the new york fed talk about increasing its gdp forecast frofro from 3.2 to 3.6 or 3.7 things are still looking strong corporate-wise and economically. until that changes dramatically, these evaluations probably will stick. >> in terms of your allocation, domestic to

do you think we have moved to a completely different place in politics in america businessmen, bob igerdisney as a possibility, have we moved to a different place the next elected candidates of all stripes not going to be people who spent time in politics historically but maybe people like you? >> yes i think -- i tell you a quick story. i've known don, a lot of people have i even supported him briefly and then got to know him and i was talking -- i was talking to a friend in dallas, a red state, and i was explaining what i knew about him and why i was going -- not going to support him any longer and i said why would you vote for this man after all i've just said he said, mark, let me just tell you something. this guy is in his 50s that i've known forever. he said i've been voting for politicians my entire adult life and they have done nothing for me and i have not seen any results. you know the definition of insanity there you go and when you go around the country and you talk to people and you ask, you know, why did you go this way? why did you vote this way? people are tired of polit

and i think what bob iger is doing with this new streaming initiative is absolutely the right thing to. maria: will you be doing something like that? >> well, you know, espn, of course, will certainly be doing. and, yes, i think everybody is looking at how can they have a deeper relationship with the consumer? and, of course, a deeper digital relationship with the consumer's very important. maria: yeah, that's a good point. it's that customer that you have, you just have to figure out how you can go deeper with me. let me ask you about espn. look, we know that ratings are down, obviously. this has been an issue for disney. what's been the impact on hearst? >> well, first of all, i think espn is still the best brand in media. and the sector has gotten harder but you're talking about a very unique asset. no question. both the advertising landscape and the subscription landscape has gotten harder for all tv brands. maria: absolutely. >> but if there's a brand you're going to bet on, i would say it's espn. maria: do you think the ratings have been impacted by this whole kneeling controvers

mickey mouse signed disney ceo bob iger at opening bell.lebration of the company's 60th anniversary as listed company. parent company of abc7 news. >>> bitcoin is trading above $10,000 as several south korea based exchanges. started at $10,000. consider the return. considered good place to store outside of governments. bypass banking systems and blockchain platform. maintained by massive network of anonymous computers on the innoce internet. now more users than charles schwab. more than 11.7 million users at end of october. that's up from 4.7 million a year ago. compare to charles schwab, 10.6 million active brokerage accounts. >>> new report suggests that ac transit service will not begin as soon as hoped. the chronicle tlt reports that delays in getting it wired will delay the start of service until june. report says officials hoped to have wiring finished next month. not going to happen. looking at march. according to the report once the hub is finished, ac transit will need a couple of months to train drivers on double deck busses and n

disney and iger responding with espn plus and other digital moves they are doing. simonetti. take a break. when we come back, winter is coming for iphone 10, that's for sure. new details on how iphone is dealing with the new iphone glitch. back in a moment. it's time for the sleep number semi-annual sale on the only bed that adjusts on both sides to your ideal comfort your sleep number setting. and snoring? does your bed do that? right now during our semi-annual sale, our queen c4 mattress with adjustable comfort on both sides is only $1499. save $300. plus 36 month financing. ends monday. visit sleepnumber.com for a store near you. but this is a race i've won olympic gold medals, i really want to win. ten people in america drown every day. it's the race to save lives. one in five kids are younger than me. growing up, my mom was afraid of the water. something she did not want me to feel. so i enrolled missy in swim lessons. swimming became my passion. it changed my life. and now, you can do the same for someone that you love! drowning is preventable. did you know t

iger will be ceo until '19 they do not have a successor at this point mr. murdoch is 86 years old trying to sort of figure out the future for his company as well >> as disney is up, netflix is down think back to that big announcement as you highlighted that disney would create two of these over the top channels to supply directly to consumers you can see what the rationale would be instead of competing property after property after property as we see facebook and amazon and these people spending a billion here, a billion there, just buy a ton of it so you can send it down the pipes >> content and streaming >> not to mention the ownership of hulu comes into play and is significant. that is yet another element of this overall deal because they have joint ownership >> you reported that the two sides, if i heard you correctly, are not currently in talks discovery announced the deal to buy scripps on july 28 the stock was $26.80 it's now at $16.80, losing 37% of its value do you think, again, i'm asking you to speculate, i apologize, do you think the murdochs an

mickey mouse alongside disney ceo bob iger. the duo there to ring the opening bell at the new york stock exchange. disney is there to celebrate the company's 60th anniversary on the stock exchange. and disney is the parent company of abc 7. >>> a standing ovation for an on-stage moment that is sure to make you smile. it's for the woman who competed in miss usa. how she is making pageant history. >>> here's a live look right now at sfo. all that rain gone this morning. mike nicco up next with today's accuweather fore >>> in developing news, one of the men behind that massive yahoo! hack three years ago appears to be changing his plea. he initially pleaded not guilty to charges of computer hacking and economic espionage in august. federal officials say baratov, a 22-year-old canadian born in kazakhstan helped russian agents steal 500 million yahoo! acco t accounts. he's expected to change his plea to guilty tomorrow in a san francisco courtroom. >>> it's never too soon to talk about bay area baseball, right? happening now, ticket

ceo bob iger saying, quote, we look forward to launching our direct to consumer streaming service in the new year and will continue to take smart risks required to deliver shareholder value. i'm julia boorstin in los angeles. in at&t's back and fo bid to buy time warner, at&t's ceo randall stephenson said he was never told he had to tell cnn to get approval for the merger. speaking at the "new york times"' deal book conference, he said the deal makes sense. >> one of the key benefits of putting these two companies together is to stand up a new advertising capability. so we have built an amazing distribution platform, 150 million mobile subscribers, largest pay tv base in the united states, a huge broadband base. there's a lot of information and data that we think can be used to stand up a new advertising business. pairing that with the turner advertising inventory is a really powerfu thing, we believe. that is what we aspire to do. selling cnn makes no sense in that. >> at&t was higher by nearly 2% today, and stephenson also added if the issue goes to court, he's ready to litigate. >

more fox, disney, bob iger, the murdoch family author of disney war, jim stewart, weighs in quk t seebe right back meet grant. his family. his steinway, which met a burst pipe. so grant met his insurance: you are caller number 12. which didn't quite cover the steinway. but what if he'd met pure insurance? owned by members. he'd have met: lisa, your member advocate. who'd introduce him to gustav, a temporary address, and help him get tickets to the mozart festival. excuse me, grant likes beethoven! uh, the beethoven festival. pure. love your insurance. >>> want to take a look at shares of both disney and 21st century fox. both of which are up rather sharply yet again. this, of course, a day after our report on the talks that took place over the course of let's call it early october into early november between these two companies. focused on a deal in which disney would have bought many of the assets of 21st century fox leaving behind a company that would have been focused on news and sports, but certainly having jettisoned its cable networks and the entertainment areas such as fx and n

bob iger mapped it out this is what he's going to buy >> what is that? >> it's a mouse. don't you see it >> no. guy? >> i try to play these games, i try to be creative in my thought because we're try to woo the interest of a potential suitor while these three picked chalk, i go the following route >> interesting >> amazon. >> so creative, guy. we'll see who they choose at the end, wiseguy >> jeff bezos wants world domination, why not take a look, a foray? >> don't you think he would have looked already and he didn't like what he saw >> everybody else is out there trying to pick this up, why wouldn't jeff bezos? >> interesting faber reported that the disney talks are done you think they come back in? >> i think a lot of these things do resurrect themselves and they tweak them a little bit. i would think we haven't heard the last out of disney >> there's another couple here all this says viacom and cbs that's a very sexy couple. i know they're not here on this panel. i think maybe these two people get together >> all right speaking of 21st century fox, z "the titanic" is r

david: bob iger has said he wants to go direct to consumer. they are going to have an espn channel direct to consumer. are they looking at other media companies or are they looking at netflix and amazon and google? >> they are looking to compete and they are looking to do it with their content. they obviously have world-class content at the walt disney company. maybe in this new digital world you can never have too much content. would beink disney looking to grow their international business. of thethe shortfalls strategy is they have been under weighted in their international exposure. 21st century fox brings a lot of international businesses with their star business in india, .ith their sky investment that could be a real boost to the walt disney portfolio. jonathan: typically when someone is planning to step down they don't make a big acquisition and than 12 months later leave. what's the future of bob iger at disney? >> he is going to step down finally in 2019. what's really pressing for the walt disney company is the succession issue whic

. ♪ emily: speculation over disney ceo bob iger's successor has narrowed down to one candidate.c -- bob 2pac is viewed as top contender. he is been at the company for more than two decades and has overseen the launch of shanghai disneyland. he is scheduled to retire in july 2019 leaving 19 months to complete a transition for the top job. struggling, time inc. is being sold to matter of just being sold to meredith. -- being sold to meredith. meredith received a injection from coke equity investment -- koch equity. can the company become a formidable -- let's bring in at hammond in new york. talk to us about the koch brothers strategy, what do they want to get out of this? added: they want to get -- ed: they want to get money out of this. this is a truly financial investment for them. they are not going to have any .- preferred equity here they are not going to have any influence of the editorial direction of time. it looks on paper like this is just something for the koch brothers said there was a good financial opportunity here, let's do this. it is a departure from what they ha

wallet disney laying out plans for steams and services and new additions, ceo bob iger telling after bell, the company is working on live action tv series. also a series based on monster, high school musical and marvel. and providing details in disney's plans to produce star wars movies beyond the current trilogy. ryan johnson, writer-director, is developing a whole new film trilogy. shares of disney rising slightly and the company reporting disappointing earnings but made fans happy. lauren: overall revenue did flip. coming up we have new video of a shaking and bare-footed texas church hero talking to police moments after he helped stop the gunman. >> i was home when i heard the shots and i didn't know what was going on. i had the gun -- lauren: remember when oj simpson layed out a convincing case for prison release. >> i basically have spent a conflict-free life. apparently the juice is already loose and getting booted from a bar. what he is now accused of doing, find out next. i am totally blind. and non-24 can make me show up too early... or too late. or make me feel like i'm not

. >>> if you're a "star wars" fan, disney's ceo bob iger revealed today there will be a brand-new trilogyr wars" films. he also said a live action "star wars" tv show will be coming to disney's subscription streaming service possibly by the end of 2019. these are scenes from "star wars: episode vii." he also said pricing will be substantially below that of netflix. abc7 and lucas films are owned by disney. >>> one last time to update the weather forecast. lisa argen is here with the rain. >> yes, we are going to wait through the overnight hours, remember last night? we had all the wind and that kept the temperatures way up. right now, we're in the 50s, scattered out there, coverage ord 60 degrees, 59 in the city, but cooler than we were last night. the wind had the atmosphere well mixed. so we're talking about slightly cooler numbers now. with the cloud cover through the overnight hours, we will stay dry, but if you live up in the north bay, sonoma, santa rosa, you will see the rain by the morning commute, 5:30/6:00, then it seeps to the south. it falls apart, not a lot of rain out there,

ceo bob iger has plenty to say about streaming. in fact talking up his commitment to streaming, calling it the company's highest priority this year. we know that they have shrugged off the financial results. you can see up arrows. they're building a service that will compete aggressively against netflix and amazon, both which are lower today. disney has seen subscriber losses from espn and abc as people are moving to cheaper online streaming. so new coming to disney streaming will include marvel and "star wars." in fact, developing a new "star wars" trilogy developed by ryan johnson. we're seeing disney with an up arrow. neil? neil: thank you very, very. meantime at&t going back and fourth with the justice department over the time warner merger. weighing in on this with stuart is is the head of fcc knife confidence in the professionals there to make appropriate judgment. >> would you like to have a stab, guess how much is cnn worth? >> given our limited time i think i -- neil: all right. to jonathan hoenig, things that the justice

doesn't mean there isn't room for more, we just don't have a significant or urgent need for that >> iger said it's a key driver of disney. lucas films changed the company for the better of course no comment on the potential for a fox deal back to you. >> staying on the u.s., at&t ceo has insisted the company was not told they have to sell cnn to get approval with the merger with time warner randall stephenson's comments have finger pointing on whether the sale on condition of approving the $85 billion dial the conference in new york, the company is ready to take legal action, if needed. >> if we are going to go to litigation, our preference is sooner is better we are prepared to litigate now. like i said, we have been working on this for a year we are prepared to litigate now. we would obviously, i'm not a lawyer, but obviously ask for an explanation. a transaction of this size, you would likely get an expedited hearing. this transaction could be litigated, hearing and answer provided well before that april 22nd deadline. >> coming up on the show, live from tokyo with the latest news on

disney ceo bob iger says there will be a trilogy.last jedi, will direct the new films. he also announce that had a live action star wars tv show will be coming to disney as he subscription streaming service. possibly by the end of abc owned by disney. >>> breakfast at tiffany's. they are opening a restaurant called the blue box cafe. and it is decked out in tiffany's signature egg shell blue color. it does include breakfast but as you might expect, it is not inexpensive. a waffle goes for 29. >> one waffle? what about two waffles? >> well, tea and finger sandwiches costs you $49. it is the setting for the 1961 classic film with audrey hepb n hepburn. >>> fans of little debby confused following a tweet by the popular snack maker. >> they posted this, saying one of the popular treats will soon be gone. >> which one? a christmas tree, that's a seasonal thing so maybe they get rid of that after christmas. >> so far the company hasn't confirmed the purpose. >>> full steam ahead on the gop tax plan. the push to get it approved by the end o

. >> jimmy: wow, thank you. [ cheers and applause ] >> but, even better, bob iger and your friends at made a donation to that hospital of $250,000 for your birthday. >> jimmy: wow. [ cheers and applause ] wow, that's very nice. >> and i don't want to take any credit, but they wanted 100,000 but i got them up. i got them up. >> jimmy: you did? >> no, i didn't. [ laughter ] it was all them. it was all them. now, i know you're not crazy about all this and all the attention on your birthday. you're not a sappy guy, i'm the same way, it makes you feel weird with all the nice things people say. so we're going to do the opposite. we gathered your celebrity friends because i know that's more important to you than the unfamous ones. >> jimmy: sure, of course. [ laughter ] >> but we got them to read some of your mean tweets. people that have tweeted mean things about jimmy -- >> jimmy: people tweeted mean things about me? this is a double whammy. >> it's a rough time out there. we're going to take you down a notch in a very special edition of "mean tweets jimmy kimmel edition." >> jimmy: oh, bo

discussed on "after the bell" yesterday but despite some tough financial results, it was all about bob iger and talking about streaming, making that commitment their highest priority and want to take on netflix which recently had a price increase. they want a streaming plan substantially below that of netflix price. they're trying to make something better and take on netflix going forward. have a nice weekend. melissa: you too, nicole, thank you. david: take a look at oil, a lot of stuff interfering with the oil market. it is down for the day, up for 2%. this is the fifth straight week, near a 2:00-year high, gaining on concerns about growing middle east tensions between saudi arabia and iran among others. saudi arabia's internal crackdown that led to the detention of 201 princes businessmen, government officials, a whole lot of folks. after a three-year investigation the kingdom estimates $100 billion of state funds has been embezzled. melissa: amazing. david: gold is down today as well but ending slightly higher for the week, snapping a three-week losing streak. melissa. melissa: two diff

the guy in the middle is bob iger celebrating the company's 60th anniversary and, of course, disney ispany of abc 7. >> let's be clear, though, the guy on the left is our boss. >> oh, the one with our ears. >> the big ears. >> well, they all have hopefully. >>> thank you for joining us on abc 7 news and, mike, everyone watching the skies this morning. >> yeah, could use those ears to protect themselves from rain. either way you need an umbrella in some areas. the weather window, you can see the showers off in the distance. let me show them to you. they're coming right at you. milpitas and heading towards santa clara. that's moderate showers moving away from the dumbarton bridge. almost the entire south bay will get wet the next hour. my accuweather 12-hour planner for today. 41 to 47 degrees. we'll have 57 to 58 by noon. 56 to 59. increasing sunshine. grab the sunglasses. dry air and cool as we head into the 7:00 hour. 52 to 54 degrees. let's turn it over to frances. >> lots of accidents this morning due to the wet roads and there were a couple on 580 so tracy up to dublin is 1:40. tha

no details so far but bob iger says disney will charge substantially less than netflix.oing up, netflix down 2% on the news. uber had another set back in london. it's already facing a loss of business in that city because of corporate business practices over the past year. and now it's lost an appeal as it was trying to avoid giving drivers employee rights like paid vacations. that can send uber's costs soaring higher throughout the united kingdom and set precedent for other employee lawsuits against uber across the world including in the u.s. and in canada. stocks are lower again this morning sold off a bit yesterday on the senate republican plan to postpone corporate tax cuts until 2019. dow down about 50 points. nasdaq down 7. s&p down 5. back to you. >> thank you. >>> san francisco scrambles to come up with marijuana policies. there's a chance those policies will vary by neighborhood. the "san francisco examiner" reports there's strong opposition to marijuana in the chinatown area, although most of san francisco widely supported proposition 64. prop 64 kicks in state

we'll tell you what ceo bob iger said that had investors streaming into the house of mouse. coming up. >>> plus tesla's stock hit a speed bump over the past month it's down 15% from its recent highs. billionaire investor ron baron still thinks he'll make 20 times his investment in the car maker. we'll tell you why he's betting big on tesla's future. >>> later it's the moment you've been waiting for digging back into our "closing bell" mailbag. reach out and share thoughts with us over twitter, facebook or over e-mail we'll read some of your thoughts you're watching cnbc first in business worldwide. [ keyboard clacking ] [ click ] [ keyboard clacking ] [ clacking continues ] good questions lead to good answers. our advisors can help you find both. talk to one today and see why we're bullish on the future. yours. >>> welcome back roku shares soaring for a second straight day riding its excitement over better than expected earnings that came out wednesday night after the close. there's also a report the streaming company required a danish audio startup back in september to enha

if nothing else, and i've been very critical of them, but bob iger has made very few huge moves of late. he's made some great ones with marvel and the rest but he hasn't made the moves we were hoping he would to get in the streaming world. this could actually augment that and push them further, faster. >>> coming up, retail on track for its worst year since 2008 and the big department stores are getting ready to face the music tomorrow with their earnings reports how bad could it get and are any of the traders buying >>> plus tax cuts are hanging in the balance, some republicans aren't getting on board. we'll speak to one of them, republican congressman leonard lance from new jersey about why he's in the no camp. >>> one stock is surging, analysts can't raise their mu mctio eug chore "fast money" ahead >>> welcome back tomorrow is judgment day for retail stocks as they gear up for earnings the group on track for its worst year since 2008. the biggest names, jcpenney, nordstrom's, kohl's, are down significantly in the last month. macy's, kohl's, nordstrom's reporting tomorrow, do you dar

iger to the very wellspring of the democratic idea. ancients, it also believed that a democratic constitution was a need for sex -- a successful republican about not a sufficient one. he thought that civic education was equally crucial. the chief purpose was to form , not byic citizens indoctrinating them with somewhat washed version of american history. instilling democratic association, habits of experimentation, of cooperation, of reflection. nor was civic education alone enough. it had to be combined with what for thed a common faith agents, that faith had been a faith in the gods of the city. for most americans, that had meant a faith in the god of the bible. of course, it still does. but not for dewey. duties was a secular faith. -- dewey's was a secular faith, a proposition about the cosmos itself. dewey argued that democracy inscribed nature. that nature itself is pluralistic, relational, open-ended, just as democracy is. project the democratic really is a spiritual project and not just a political one. his common faith was an