bob iger has been an absolute monster in media. while not necessarily the innovator that people like steve jobs were, iger has the potential to really pick great people, surround himself with smart people, inspire them, give them the tools they need to innovate and get out of their way. he's been really good at that. the types of deals he's bitten off, whether it was pixar for $8 billion, then lucas or marchv vil- marvel, everybody has talked about him overpaying. but when you look at how much he's made for those, at the end of the he probably underpaid for those. there's a lot of skeptics surrounding this deal, saying he's overpaying, that he's late to the party because of cord cutting. but i think he's going to make them eat their words here probably in another year or two when we see this play out. >> he's relatively young, he's in great shape, he's going to extend his contract, which must give investors like you some comfort. we characterize this acquisition as an offensive/defensive play. do you see it that way? >> yeah, i thi

bob iger is going to hang out with mr. faber on "squawk on the street" at 9:00 a.m.on "squawk box. up next, a live report from washington after the house and senate have reached a deal on tax reform, at least among the leadership we'll be talking to omb director mick mulvaney at 8:30 a.m. eastern time pl plus ecb mario draghi holding a news conference in just under 30 minutes. we'll monitor that for you >>> then later, the deal news of the morning, disney buying parts of 21st century fox. we'll check in with david faber. he broke the news of this deal and we'll have more coming up. stay tuned,ish watching "squawk box" right here on nbc ♪ ♪ ♪ what we do every night is like something out of a strange dream. except that the next morning... it all makes sense. fedex powers global commerce with vast, far-reaching networks... deep knowledge of industries... and, yes... maybe a little magic. ♪ >>> welcome back to "squawk box," shares of teva pharmaceutical pharmaceutica pharmaceuticals down they suspended their dividend and it's part of a global restructuring designed to re

we appreciate it >> appreciate it happy holidays >> bob iger. >> and you >> bob iger, chairman and ceof the soon-to-be far-larger, far-larger disney. >> and while you've been talking to iger, rupert murdoch is on the call talking about what he calls a momentous occasion, saying the new company will be called new fox for now and he says, i know a lot of you are wondering why did the murdochs come to such a momentous decision, are we retreating no, we are not that's going back to in murdoch's words a lean challenger mode. so the murdoch part of the story is an important one, too >> so important. and i think that was -- you know, iger referenced it in terms of murdoch's view of the world changing and the competitive challenges and we've talked a lot about them we know the names. they have access to endless amounts of capital, as well. they're google, it's alphabet, it's facebook, it's netflix. that changing world. and i don't want to dismiss the family dynamic my own reporting would indicate that was an important part of this, as well. rupert trying to figure out his two sons and how to d

emily: disney ceo bob iger, with bloomberg's jonathan ferro.to discuss everything we need to know about the deal, we are joined by chris palmeri. first, walk us through, bob iger said he did not see this deal happening, though there was speculation about a for some time. walk us through the nuts and bolts of the deal and what it means. >> the bulk of what we know of fox is most of its entertainment assets are going to disney. the fox studio, the fx channel, the national geographic channel, a lot of international assets. sky in europe, star of india. it is a massive chunk of fox merging with disney. emily: what do you think of the idea that james murdoch could be iger's successor, even if it is years from now? there was discussion he would be named in a senior role in disney. the surprise today was that nothing happened. neither side rolled it out. bob iger, you heard him say he expects them to have an advisory role in integrating the two companies. nothing clear yet. so, bob saying now he is going to stick around for four more years. it's hard

iger in a leg.y explained how the deal came about. >> rupert and i have known each other for a long time. we've a lot of respect for one another. we occasionally get together and muse about the business. in a get together this summer, we were talking about the disruptive forces we were seeing. thinking that there might be an opportunity for us to do something with him. i thought about it for a few weeks and called him thereafter. i suggested maybe we should get together and talk about it. and spend some time analyzing whether there was something to be done and what the value proposition might be for shareholders of both companies. up and gotur sleeves into negotiation. here we are today. what we are doing is creating a ray company but a great global opportunity. to consume and under circumstances that are innovative and compelling and much more user-friendly. that's what the consumer up-to-date demands. >> we have learned a little more about your future. what's the future for james murdoch? i have t

iger is going to extend his term at disney.you see a time when james murdoch succeeds him i mean, mr. murdoch has -- the son, has really worked in the family business all of his life. is he in line to succeed iger, number one number two what do you make of this deal which is seemingly -- and disney's strategy onstreaming which is a lot of this, on the very day that net knew trait rule kn neutrality laws are to be thrown out the window >> that murdoch has any role at disney, iger was vague tab as i understand 23 century fox, peter rice the top man who's not a murdoch at the company he's british by birth. so that might make an odd successor to iger in terms of disney being such an american company but he's been carefully groomed over the years in film and television and presents very, very well. so i thought about him years ago already as a potential disney successor and that does seem to be a potential answer if iger ever leaves. and you know, as far as the rest of it goes, we are seeing a transformation the studios -- a lot of

but no, iger has done a great job.re's a big challenge here i didn't believe he really wanted to retire or would, even though he was saying he would. he's got a big project in front of him he's really built the company. this is a massive deal they are really doubling down on this over the top, they're going into the distribution market they'll be vertically integrated the ceo of disney in the future can't just be the creative content genius that walt disney was, that eisner thought he was. you need somebody who knows distribution, can be an operator, and is as comfortable in silicon valley as in hollywood. that's a tall order. can iger step into that role we'll see. he's done a fabulous job and i think strategically this makes a lot of sense >> it makes a lot of sense if you have a longer term horizon >> absolutely. >> in the short term, aren't you competing against the likes of a netflix, a google, an amazon, an apple, who are willing to make low or no margins on this business and why as a shareholder do you want disn

iger staying on until 2021. questions about the future of james murdoch, current ceo of fox, whether he will have a senior position at disney. more details expected soon. alix: before we move on to the succession plan, lisa: what a culture clash. -- what we know disney will have and what we know fox will have at the end of this. joe: we know disney will acquire the movie and tv studios fox has. assets like star. news, fox keep fox sports, and from the fox broadcast network. disney would acquire fox's stake in hulu. alix: the question being that we wind up having james murdoch moving over to the disney management and will he be a de facto successor to bob eiger? blockbuster the potential for that. >> that is conceivable. disney has a fantastic session plan this succession plan all along until internal candidates left. now, with this transaction, it is conceivable that james murdoch moves over to disney. tremendous expertise in the international areas in the digital space where it disney wants to beef up its prese

they'll call it pulling an iger at some point.s been going on for years and, look, to his credit he probably just can't really understand why it would be worth it to hand the company over to step back when he's marshaled them to this point has a huge potential deal with fox about to happen. >> i'm sure each stage when they set it out in the future seemed as if he basically had the company in a condition to where it was kind of ready for the next phase of whatever the issue was going to be going through and you kind of moved it down the road also i think there was an instinct by whether iger or the board or both to have this gesture to say we have good corporate governance, not a failing media company like the others and have a process. so the unusual thing is not that he's staying in the job as long as he is but that they kind of had all these kind of false kind of guideposts as to when -- he's younger than les moonves 20 years younger than rupert murdoch. >> he's starting to act like it's a family company. >> there is a board, ri

we will hear from disney ceo bob iger.nd the winklevoss twins joined the ranks of the world's billionaires. all thanks to what else? bitcoin. they explain why they took a chance on cryptocurrency. first, to our lead. net neutrality is no more. the fcc voted to repeal the obama era internet protections designed to keep broadband providers from favoring content. the republican member commission voted 3-2 to end the protections known as net neutrality. the vote came amid intense protests online and in person from defenders of the rules, who say this will create haves band have-nots when it comes to accessing content. but fcc chair ajit pai heralded the return to what he calls a free-speech market approach, saying it is time to restart that's restore internet freedom. we are restoring the light touch framework that has governed the internet for most of its existence. joining us now, one of the people who voted to repeal it, fcc commissioner brendan carr, who was nominated by president trump. commissioner carr, thank you so muc

bob iger sketched out a multi-pronged strategy.will have an online version of espn launching next year, a disney branded channel in 2019 with all this marvel and star wars content, and hulu, which they will now control a 60% stake, will be the adult version of what they are trying to do and that is where fox really comes into play with some of its programming. they are trying to create an online choice for everybody. emily: that was bloomberg's entertainment reporter chris palmeri. coming up, t-mobile's big plan for the small screen. we will hear from the telecom giant as it prepares to take on tv. plus, apple is roughly -- apple's roughly $400 million bet on facial recognition technology. we will break down the investment. this is bloomberg. ♪ ♪ emily: t-mobile u.s. has announced plans for a disruptive new tv service set to launch in 2018 and signed a pact to acquire layer three tv to build out the strategy. we caught up with mike siebert, chief mobile officer in denver discussed the motivation behind the deal. >> this is a market

called the defining legacy deal for bob iger.21st century box for 52.4 alien dollars. billion. i spoke with jon ferro who asked what kind of potential to yield has for disney's distributional. numberre excited about a of things. the content, offering in more compelling ways. this gives us a dark greater global footprint. 21st century fox has done a great job growing its businesses. in europe they have 23 million subscribers. in star in india, they have hundreds of millions of viewers per month. this gives us far greater international reach than we ever have before. and, in ability to reach consumers directly. the other thing quite compelling is the talent that comes with it . not just on the creative side, the creative talent that fox has been in business with, but management talent as well. we look very carefully at the talent there. we know them well, we have competed with them hard over the years and we are looking forward to them becoming colleagues of ours. >> you will be inheriting a lot of talent. when we talk about synerg

and even better if bob iger says i can extend this out a few more years. because i do think he's the right man. >> i'm lukewarm on disney. to the extent iger stays, that's good, his stewardship has been outstanding. we don't know what they'll pay, some price might be too expensive. i don't know how critical they see it, how much leverage they have to negotiate a good deal. on the other side, fox may not have so much leverage either i don't know, it doesn't make me want to jump out and buy disney. >> it sounds like comcast wants to do a deal of some sort. comcast wants to expand itself probably internationally if this deal doesn't happen for them, where do they go >> i think this deal -- it doesn't have to happen for them. i'm not trying to shirk your question, but let me say this. i can't believe i'm about to say this a lot of this has to do with trying to get ownership or majority share ownership of hulu, believe it or not. you would have 60% if they were comcast, to then compete, ground war, against netflix i understand the different properties i really

bob iger standing by live this morning. >>> one-two punch.creating a messy commute for millions this morning. these cars sliding off the road. and now another blast of arctic air moving in. windchills plunging. single digits across the northeast. >>> overnight, harvey weinstein responding to those accusations from salma hayek.

it's a huge percent aage of the portfolio. >> i don't think bob iger is going to do stupid things, atst not intentionally. if you have great content, what you want to be able to do is distribute it. i'm an apple tv user, a lot of people are roku users. the great thing about either one of those physical devices is i go there and there's netflix i just click it. i don't really have to worry about putting in my password again or doing anything else same will be true with amazon tv and the same thing will be true with the disney -- i'm going to use the word channel, but won't be that, it will be the disney app. i think that you get distribution because you've got great content, and you use the new technology intelligently, and i'm prepared to assume they'll do that. i just want to make sure they really invest the kind of money that they will have to invest in that content creation process. as i said -- >> content helps them get to that distribution, but the margins on ott business are really, really small not the same thing you're seeing with cable that they enjoy for decades and decades.

bob iger woke up. he has been trying to get into the digital internet world for 10 years and has not been successful. he woke up 18 months ago when all of a sudden, espn did a real money raiser, the most portion of disney, started losing money on the cable side. we had to get into the digital world. he pushed espn. the problem is we do not get billions of dollars from the cable companies for airing football games, you have to sell individual subscribers to streaming services. you do not have that dual revenue stream, if you will charge them for looking at the football games, you have to lay it off with advertising revenue. the viewers that espn has on streaming is miniscule compared to what they get on cable. thing, but the right he is about 10 years too late. vonnie: we are talking about revenue. when will this start paying off for disney? >> a long way away. he has tremendous content, he is pulling off all of the disney content from netflix. fox is doing the same thing if this deal goes through. infr

bob iger standing by live this morning. >>> one-two punch. snow from the midwest to the northeast creating a messy commute for millions this morning. these cars sliding off the road. and now another blast of arctic air moving in. windchills plunging. single digits across the northeast. >>> overnight, harvey weinstein responding to those accusations from salma hayek. the actress calling him a monster in a powerful new essay saying he threatened her life and now the wave continues to grow. two top figures in the entertainment industry facing new sexual misconduct allegations. >>> omarosa has to go. you're fired. >> abc news exclusive. omarosa out at the white house. multiple sources telling abc news the former "apprentice" star was fired, escorted off white house grounds. what really happened? she's here live telling her side of the story only on "gma." >>> and good morning, america. boy, we have a lot of breaking news this thursday morning. and, michael, you've got that exclusive interview. we saw omarosa right there with president trump. ther

bloomberg tv, up with bob iger in l.a.plained how the deal came about. >> a year ago, i didn't see this one coming either. we have known each other a long time, have a lot of respect for one another and occasionally get together to amuse about the business. had a get together, we were talking about the disruptive had a get together, we were talking about the disruptive forces we were seeing and the relative position of our companies and left thinking there might be an opportunity for us to do something with him. i thought about it for a few weeks, called him thereafter and suggested maybe we should get together and talk about it, and we did spend some time analyzing whether there was something to be done and what the value proposition might be for shareholders of both companies and ultimately, rolled our sleeves up, got into a negotiation and here we are today. what we are doing is creating not only a great company, but a great role -- global opportunity for consumers to not only consume great content made by both entities

paul: disney ceo bob iger speaking.xclusive interview on the airline's ambitious growth plans coming up. next, rates that signal future wealth management. this is bloomberg. ♪ paul: the bank of england and the european central bank caps off unchanged even though they faced very different inflation scenarios. that2018 be the year inflation finally picks up in europe. hays is here with a look. clear.s pretty in the forecast, they say inflation will average 1.7%. they will not expect to change the rate. the bank of england kept its he rates steady. team pointing out that maybe europe is starting to see signs of inflation reflected .n some of the comments prices are moving in the right direction, albeit slowly. forbrexit breaker is a plus potential growth. they kept their key rate, but they see inflation moving higher, topping the target in three years. a little bit ago, we spoke and he says he thinks 2018 will be the year that inflation finally starts being a factor. >> 2017 is the first year that we synchronized for the g

. >>> number four, bob iger and rupert murdoch have made it official. disney is buying a big part of 21st century fox for $52.4 billion in stock. iger will tell us why he thinks this huge bet will pay off coming up at 5:30. >>> protests are planned here in the bay area and across the country as the ftc will repeal net neutrality rules. they guaranteed equal access to the internet. opponents plan legal challenges. >>> and number six, after a chilly start in the 30s and 40s, we're off to a warm afternoon later today. to the mid and upper 60s, five to ten degrees above normal for this time of the year. >> and the seventh thing you need to know relatively good traffic conditions except in milpitas. a multivehicle accident, one is overturned, and the left lane is blocked. we do have crews on scene. >>> trust a big deal in any relationship especially if someone is about to hit a golf ball in front of your face. it's safe to say there's a lot of trust in this particular relationship. >> what on earth? watch this. he chips the ball right over the woman standing

iger said yesterday on the call with the analyst, it's more of the adult kind of content, meaning it'sy-friendly films, necessarily. that's a smart way to go, but what do you fill it with if you don't get the nbc stuff, if you don't get time warner or turner content? >> so you think they'll still do the espn thing as a separate you think they're still going to do a separate disney thing as a separate, powered by bamtech and hulu as a separate >> as a separate, right. conceivabl conceivably, he could get three streaming services out of this, which is ultimately the point of this deal. the whole tv ecosystem's moving online the more streaming, the more tech, and the more sort of subscribers you can generate out of this, that's the future, which i think again is pretty smart. >> you think the future, though, is independent apps like this? because part of me thinks, look, so many people now go home i even do it, and i say what's on netflix tonight not meaning -- >> you cue it up, exactly. >> and you cue it up i don't know if i'm going to flip around and go to see the disney one, then i'll

bob iger's great you have to have somebody in the wings. >> stay on for longer.s this push back? >> integrate a little bit. have a successor at some point the story that james murcaulk, that makes sense. >> also, you could see it as somehow solving the succession issue in the murdoch empire. it's kind of on both sides -- >> very strong personality >> essentially unwinding to create something else. >> why isn't netflix, i guess, well, trading down to some degree why isn't fox asset for disney even a more powerful tool against netflix. there it is. >> it's one of the advantages to disney disney is talking about going direct now if they were to use hulu to do that which they will now own a controlling stake in great starting point way, way easier than launching something from scratch you put all that content together and suddenly it becomes more credible. netflix is in a great position you can put everything else together not like it is going to stop their value proposition. >> are you saying they could roll in disney -- but at the same time, hulu investment in 2017

. >>> sources telling cnbc that bob iger will probably stay on as disney's ceo if the company's dealo buy parts of 21st century fox goes through sources also say that fox continues to view disney's bid as superior to others. >> interesting because i talked to people last night involved in the transaction or proposed transaction. apparently more than anything it's the murdoches that want iger to stay >> because they want him to -- >> the issue is if -- let's say they would announce a deal next week, it is likely to take a six months to a year to get regulatory approval. bob's deal is over at the end of '18 and '19. you would be walking into a deal with a new ceo taking over a company that they didn't personally decide they wanted to do -- >> you don't know what happens with the deal. >> if you care about the transition period and putting it together, you kind of need him, since he's the one vested in this deal, to stick around for at least another year. >> he's 66 we know that's the new -- >> 40? >> 40 probably you hear about him on a stair master >> not even on a stair master. on a v

bob iger is stay to go run disney until 2021.tly he did a new deal as the negotiations were going on. again, disney is acquiring the assets from 21st century fox, the entertainment assets for $52.4 billion. mike murphy, you have been looking at the media companies and the major deck shares moving around. your thoughts on the deal? >> i think disney had to do the deal, they are no longer competing with just other big media companies, they are competing with apple, competing with amazon and facebook and not to mention netflix. bob iger made the announcement earlier this year that he will be launching streaming service for disney. he needed some of these assets from this new deal with fox. so when you look at this now, you have disney buying hulu, you have them buying regional sports networks and you have them buying international assets like over in india which is a crown jewel of this deal. maria: absolutely right. mike: this is something that was needed for disney and i think the -- the competitors like a netflix, for instance, s

disney chairman bob iger on "gma" this morning promising a big benefit to confirmers. >> not only willhey be getting more great content, high-quality content, but they'll be getting it in ways they demand, innovative ways. >> reporter: disney will now have a major stake in hulu adding shows like "the simpsons." and classic films like "the sown sound of music." the mastermind of the deal making it clear it's a move to compete with netflix. >> is bebeefs up what disney ca offer as a streaming service when disney goes live as its own streaming service in 2019 and competes more directly with netflix. >> reporter: since iger took the helm in 2005, disney acquired popular creators like pixar, lucas films and marvel ushering in a new era for an entire industry. disney is expected to pull all of its content from netflix by 2019, like all acquisitions this deal will be subject to approval. arkts abc news, new york. >>> a sentencing day set for a man convicted of a firearms charge in the death of kate steinle. jose garcia zarate was found guilty of being a felon in po te possession of a firearm.

disney ceo bob iger was on "good morning america" to talk about the deal. take a listen. >> $52.4 billion according to the press release. that is a huge bet. why are you making it? >> well, we're making it because this gives us the ability to marry the great content of fox with the great content of disney. it gives us a much larger international footprint, and it enables us to use cutting edge technology to reach consumers in far more compelling ways. we know how important that is in today's world. >> as part of the deal bob iger will continue as chairman and ceo of the walt disney company through the year 2021. i should note disney is the parent company of abc 7. >>> all right, jessica, thank you. san francisco city hall preparing to honor the late mayor, ed lee. >> his body will lie in state in the rotunda from 8:00 a.m. to 7:00 p.m. tomorrow. the public will be allowed to pay their respects to the mayor who died early tuesday after suffering a heart attack. a memorial celebration will be held at 3:00 p.m. sunday at city hall. many dignitaries expected to

tracee: good morning, bob iger could receive $142 million worth of stock at current share price under new employment agreement, along with disney's deal to acquire assets of 21st century fox, parent company of fox business network. this is what murdoch said about the ceo. >> made the condition of the deal that he would stay on. maria: that's one of the conditions that he wants? >> we didn't want to just -- someone run it and they didn't know. tracee: iger will receive a bump to $3 million as of january 1st, that's up from 2.5 million currently if the deal is completed, his salary will go up to $3.5 million. lauren: all right, they wanted him to stay on. amazon and apple are now f frenamies? >> yes, working with other tech giants. will begin chrome cast and apple tv. streaming devices haven't been available to purchase for more than two years, this comes after a public feud between amazon and google with amazon refusing to support the technology that powers chrome cast, that's google stream device in response google would stop offering youtube on sam zone device, amazon's restoration o

there has been tens of billions on programming. > howie: murdoch says he insisted iger stay on until015. a prime opportunity for disney. but for a media mogul whose empire has been expanding, this returns to murdoch's roots. he has always been a news junky. that in an increasingly fractured news environment was more important to him than being a mogul of hollywood. we hope you like our facebook page. check it out. you can read my daily column there. if you want to write to us, mediabuzz@foxnews.com. >> whether political bias has taken over special counsel robert mueller's investigation. >> not looking good. it's quite sad to see that. >> can you say flatly that congress will pass this tax plan this week? >> historic moment, excited to be here. >> you have to go through tunnels, it's pitch black. it's scary, it's a nightmare. ♪ ♪

disney ceo bob iger sealing the deal with rupert murdoch. tonight, how this deal could change the way many families watch movies, tv, sports, choosing when and where they'll watch, and the list of choices suddenly multiplying. here's abc's chief business correspondent rebecca jarvis tonight. >> reporter: tonight, it's the blockbuster $52.4 billion juggernaut deal that takes the major classics of childhood, like "frozen," "finding and the "star wars" legacy include fox and from chizs, with broad appeal like "the simpsons." "avatar." for super hero fans, it could mean big match-ups like the x-men and fantastic four with marvel. for sports fans, it enhances espn's offering, adding 22 regional sports networks. but perhaps most significant for the future, it gives disney a majority stake in hulu, and lays the groundwork for disney's own streaming plattform in 2019 for tailor made viewing. all with the aim of giving american families what they want when they want it. disney's ceo bob iger announcing the historic agreement with fox's co-chairman ru

when you're a ceo, striking a transformational deal, the last thing you do is walk away from it igerlinked to presidential ambitions in the united states, and has become more politically vocal in recent years. but he's also -- this is the fourth time that he has sort of extended his retirement if he doesn't step down in 2019. once again, when you're doing a transformational deal, you don't just walk away from the table, you integrate it and see it through. that's a logical sort of outcome. >> just quickly on sky and the uk, there's been changing reporting in terms of whether or not an acquirer of fox's stake in sky can also acquire a pending deal, or whether the deal would have to fall apart and start again. >> we've been clear about this at the financial times i was on tv with you a few weeks ago. we had the same discussion under the uk takeover panel rules, fox has no way out of its acquisition of sky fox, unless there's a significant regulatory change to the transaction, there's no way fox can get out of that offer. a deal with disney would be structured such that it would be prec

do you think he may eventually replace bob iger once he steps down? >> part of the key terms in this deal bob iger would stay through 2021. that extends him even further. he had trouble finding replacement. maybe he will get one now through this transition. i think this deal highlights the most important thing happening in the marketplace right now. that is, that the tv screen isn't the most important screen people look at. people look at phones and ipads over 27 times a day. they need to get into streaming. bob iger would love the p-e multiple netflix has of 100 going forward. the problem disney share price hasn't performed. it needs multiple expansion. this should get them there. they're domestically focused. this gets overseas if you think about sky acquisition as well as star india. this is big deal. you're talking about transition. this is a very big transition from domestic to ininternational. david: scott and kevin, great stuff. thank you, nice. i appreciate it. melissa: destablizing force in the middle east. u.n. ambassador nikki haley calling

iger's contract ends it will middle of 2018 if you are a fox holder right now and you're going to be getting a lot of disney shares, including the murdoch family, which will also be a significant owner of disney shares, would you be happy with the idea of this large deal happening in the integration really, just underway let's call it six months underway, if they announce the deal next week and it takes a year to close, right, he'd be leaving in july of '19 would you not want some continuity there well, they answered that by potentially having mr. iger stay longer and we're waiting to see if there's a filing involving his contract and an extension that would take place, should this deal go forward. that would, of course, also mean perhaps that mr. iger is abandoning his plans to potentially run for public office, including what have certainly been some efforts on his part to investigate the idea of running for president in 2020 >> did you just throw it out like that? >> i did he talked about it yesterday, too. there's no doubt about it. he's been thinking about it. >> thinking about

today disney's ceo bob iger did that for one of the most obvious and well-known companies in the worldwho knows what the other 499 ceos in the s&p are planning for tomorrow how about we go to max in connecticut. max. >> caller: how are you doing >> i'm having a good day how about you? >> caller: awesome >> good. >> caller: my question was in light of the cbs merger announced cutting, do you think this sets precedent for other markets and do you think that's a precedent in the pharmaceutical market in the whole? >> i think the pharmaceutical industry is somewhat immune from any sort of price cuts but more importantly united health care is the way to go and can take advantage of it because of outcomes business called optum that's so great. >> caller: i'm confused here yesterday bernstein and company said take out a $330 today, no, no, this is not right and everything about bernstein i went to the restaurant and there were only five people. what do you think? >> i didn't catch the stock's name i'm sorry. >> caller: chipotle. >> that was a solid analysis i was skeptical too. i was skeptica

. >>> and president trump says the disney/fox deal will be a great thing for jobs as ceo bob iger tells cnbc it's a consumer-friendly tie-up. >> there's risk associated, whether you look at the price or the regulatory side or whether you look at the complexity of integrating companies this size. that risk was well worth taking on >>> good morning, everybody. it is friday tgif let's see how the picture is trading in europe this morning we had a bit of a weakness over in the u.s. trading session overnight. dow jones and s&p both ended the day lower after hitting intraday highs. still some concerns about the tax bill being passed in congress, but we'll talk a little bit more about that later. and nikkei also did struggle in the overnight session, down despite strong manufacturing data the picture in europe is grim, stoxx 600 down after unusual trading. let's see what the picture is look ftse 100 down 0.14%, still below that 7500 mark xetra dax, cac, and they haven't done much after the ecb and meetings yesterday it hasn't helped the equity indices turn around here switching to sectors to s

there has been tens of billions on programming. > howie: murdoch says he insisted iger stay on until015. a prime opportunity for disney. but for a media mogul whose empire has been expanding, this returns to murdoch's roots. he has always been a news junky. that in an increasingly fractured news environment was more important to him than being a mogul of hollywood. we hope you like our facebook page. check it out. you can read my daily column there. if you want to write to us, mediabuzz@foxnews.com. we'll see you next week for the latest "mediabuzz." arthel: the controversy surrounding special counsel's robert mueller's special counsel investigation. a lawyer accusing mueller's team of improperly obtaining tens of thousands of transition emails as it investigates collusion between the trump campaign and russia. eric: . the lawyer claimed they were

here's bob iger on how the deal got done.ad ihada i had a lot of respect for rupert murdoch and what he was able to build over the years. he and i would musing about the industry and the need to reach consumers in the way i described and the disruptive forces we broke witnessed in our time in this business. after some musing it seemed to me there might be an opportunity to put our companies together and create something that even bigger than the two that was separate companies. next the bbc‘s media editor amol rajan, on why the timing is right for disney and rupert murdoch. there is a revolution going on in media where people want to watch something at a specific time in a specific place. you can watch where you like, when you like and pretty much what you like. disney say they wa nt much what you like. disney say they want even more eyeballs, more content and scale if we want to compete with the big players, apple, netflix, amazon and google. as he would say, it is a humble day in what has been a not very humble life. as you

>> yes i don't think you bet against bob iger at all, particularly a guy that doesn't necessarily needbe there, he could have retired. i'm bullish on disney. >> what happens to some of the other studios out there? content is king. >> for example >> for example a lion's gate >> we have our friend from lion's gate that we've talked about for quite some time, now the stock -- lgfa and b. we've loved that stock since day one of this show i still think -- >> do you see more m&a? i think we do. there's grab for content obviously we talk about cmcsa all the time, comcast. if they're out of this fox deal, now what guy keeps bringing up hulu there's something else they'll have to make a move on >> mike, thanks for that, enjoy the death star for more "options action," check out the full show friday 5:30 p.m. eastern time. >>> next, it's the one stock up more than 600% in the last three months thanks to bitcoin the traders on the desk say buyer beware, the stock isn't l 'sraedp be. while explain. see that's funny, i thought you traded options. i'm not really a wall street guy. what's the hesitati

bob iger had planned to step down in 2019 after the third extension of his contract. in its stores and employees into growth sales by 6% a year to reach $120 billion. it also announced a $15 billion reaffirmed itsnd earlier sales and profit forecast. ipo story continues to resonate as a cautionary stale. operational challenges are highlighted in a bloomberg report before, during, and after the ipo. underwriters opted to still proceed with the listing. shares are now trading down more than 50% since the start up went public. offerede fund manager advice to harvey weinstein before the movie producer was dismissed from his company after sexual harassment allegations. that is according to the new york times which excited and email it obtained. r told him the crisis would blow over and resigned his position on the board in october. a major shift in decades of u.s. foreign-policy. president trump recognized jerusalem as the capital of israel and announced plans to move the embassy from tel aviv, coming despite warnings from leaders across the globe that it could's arc viole

tom: with this is bob iger. my history of bob iger, he ended food abc, went up the chain.disney does this, it will fail. no. what is disney going to do, for example, with the simpsons? what is the pixie dust that bob iger has with content? pays about company $4 billion of cap x, ok? they are taking on $5.5 billion, the way i look at it and with growth, they are talking $6 billion, but the capex is $100 billion -- yet, they go global, they go direct to consumer with sports and entertainment. that got content. what would be able to have all of the big six? what happens next? and do you assume in 2018 coming years, further consolidation into the business, how do people you know respond to this? .et's talk about cbs what do they do when they see all of these other players in action? challenge, of the tom, is you have out the bet, google, these behemoths. forget about alibaba and tencent. you are talking about just u.s. these companies like fox, $70 billion. share is less than $6.5 billion. that is the challenge. meanwhile, the tax cut helps. the net neutrality rules are in pla

and i think that this is a future that bob iger sees. he wants control of his product.play this is not a short-term play for him. it's not only about hulu and netfl netflix, yes, it is about streaming video, but i think we really should understand there are billions of people around the world that can be reached with these products. and upsold on a lot of the merchandise and products that come off of these movies, these series, these television networks >> yeah, scale, of course, such an important part. we pointed out the international distribution assets here played a keel role in disney's appetite, not to mention our parent company's, although comcast of course did not come up with them, when it comes to the direct consumer offering here in the united states, kay, they're starting from zero at disney amazing brands you put fox in there, even more so, but nonetheless, netflix has 100 million subscribers around the world. do you think they can be successful at disney >> well, i don't think there's just one player. i think that, you know, there are going to be other play

rishaad: that was ceo bob iger. quick check of market action.and the nikkei a down. we have the dollar heading for its first weekly drops this month. ecb meetings in the bank of england. theering concerns about republican tax package all playing out at the moment. coming up, survival of the fittest. are the survivors in china's war on risks. ♪ cannot live without it. so if you can't live without it... why aren't you using this guy? it makes your wifi awesomely fast. no... still nope. now we're talking! it gets you wifi here, here, and here. it even lets you take a time out. no! no! yes! yes, indeed. amazing speed, coverage and control. all with an xfi gateway. find your awesome, and change the way you wifi. ♪ 10:29 a.m. in hong kong. >> i am debra mao with the headlines. president trump consists that the tax cuts are all about helping the middle class, even as gop leaders prepare a last-minute plan to cut the top rate paid by million-dollar earners. sparked criticism from within. marco rubio attacked the party for putting the wealthy ahead of wo

i agree with bob iger.t this is very good for those regional sports networks that he's acquiring because he has additional programming from espn. espn has a lot of programming. >> yeah. >> so you're going to wind up getting that programming to more exposure on the regional sports networks. >> is it good for the leelague, for the nba might have fewer individual competitors but maybe the ones left have deeper pockets. >> yeah, i think it's good for the leagues. i think the commissioners are lining up saying to disney, okay, you'd like to take those espns assets nationally and move them locally, well, let's talk about that because that's something that you have to bargain with us about. >> so you think they're going to have to pay, disney is going to have to pay the league more for some of the local -- enter whether they have to pay or make an accommodation, it isn't an immediate transfer, it isn't so easy to transfer i think it's very easy to transfer disney/espn to the regional sports networks the regional s

what it means for bob iger. of twins joined the ranks billionaires thanks to bitcoin.hiba and western digital have agreed in principle to settle their legal dispute over the sale of toshiba's flash memory business. toshiba agreed to sell that business for $18 billion. we will have more for you on that story later in the show. we will continue to bring you all of the details. first, i want to bring in matt larson for more. as we understand it, we knew they were reaching a settlement but the terms of that settlement we know. walk us through the turns. erms. mark: i have had not a chance to look at the terms. western digital sandisk was disputing that toshiba has the adequate rights to sell interest in a joint venture between western digital and toshiba. may have been in litigation in california state court, arbitration proceedings that were set to conclude in the first quarter of next year right around the same time as the sale needed to be completed. it was in both companies best interest to bring this lawsuit to a close. it looks like they were able to reach a deal. th

only streaming network with the aim of giving american families what they want when they want t bob igernnouncing the historic agreement with fox's co-chairman rupert murdoch. >> they'll be getting it in ways that they demand. >> reporter: fox news is not included in this transaction. sarah sanders was asked what the president thinks about this blockbuster deal, she said president trump contacted rupert murdoch of fox to congratulate him on the deal and that the president believes this could be a great thing for jobs. rebecca jarvis, abc news, new york. >>> there's supposed to be plenty of horsepower for the colts. >> horsepower. i get it. too bad the match of two last place teams. >> they were neck in neck when denver scored two decisive touchdowns. there they go. ha, ha, ha. the broncos stampede in indianapolis and they gallop out with a 25-13 victory, all the things. >> they gallop. >> they have been eliminated from playoffs. >> you didn't mention the broncos buck colts. there was a special twist to the game. a couple got married on the field there at lucas oil stadium. joe and jennif

tom: we want to talk about how impatient, a lot of people will have eight patients with bob iger. expertise in the media, you see the moon shot of disney, now the shock of 2017. first of all, have you spoken to mr. murdoch or mr. iger? mario: no. the stock came out last week. i deal with the public knowledge that everyone has. when eisner was running it, and when i would write stories in the 1960's, ger,pendent of that, i he was hired to run cap city, they merged to abc, they merged to disney, and he has done a great job. the global marketplace, seven point 5 billion people, 60 years ago there were 2.5 billion. mobile phones, you can watch television. i can watch tom keene on a mobile device. there are 4.5 million of those. how do you deal with gen z and gen y? then netflix, then you have direct to the consumer with a product. the old media has content, but they do not have that -- tom: distribution. challenge. is the rupert decides he needs scale. he is looking at these behemoths, these giant companies, google, amazon, they have market caps of $6 billion to $8 billion. is $500rti