. >>> bob iger the disney media titan behind some of the most stunning deals of the century. revealing in his new book his childhood hurdles. and the bold new move into streaming with disney plus. >> i mean, how many streaming services is a person going to pay for? >>> and call for change. the front row seat and the teen storming the united nations with her impassioned speech on climate change. >> we will never forgive you. >> but first the "nightline" 5. they took $12.8 billion from big tobacco. juul marketed mango, mint, and menthol flavors, addicting kids to nicotine. five million kids now using e-cigarettes. the fda said juul ignored the law with misleading health claims. now juul is pushing prop c, to overturn san francisco's e-cigarette protections. say no to juul, no to big tobacco, no to prop c. >>> good evening. thanks for joining us. red carpet season is already under way, but hollywood stylists are also helping kids starting the school year with their best foot forward. now inside the surge in young clients looking to splurge for the perfect look. >> reporter: red

. >> tyler, that's right bob iger issuing a statement saying it's been a privilege to serve on the apple board and he has the upmost respect for their team on november 1st, apple will launch apple tv plus, this is its first big push into original content. it's going to be selling a streaming service just like disney is going to starting on november 12th. so you have these two companies that for many years have been partners apple distributing disney content, selling disney movies on demand. now apple directly going into disney's business into that streaming business so now they are rivals as well so a bit of a frenemy situation here would make sense why bob iger would not be able to continue to serve on the board of this company which has now become a rival of his in addition to being a business partner. guys, back over to you >> jewelia, thank you. julia boorstin, thank you. >>> let's switch to fedex gearing up to report its latest quarterlies next week.

they note that iger has been an exemplary board member in their words for nearly eight years they go on to say more than anything, bob is our friend. he leads with his heart and has always been generous with his time and advice. while we'll greatly miss his contributions as a board member, we respect his decision and have every expectation that a relationship with both bob and disney will continue far into the future tyler, back to you guys. >> so the reason here is pretty obvious to me, and it is that disney and apple are going to be competitors in over the top services it's as simple as that, right? >> certainly these guys are rivals now apple just told you this week they gave you the launch date for apple tv plus, their streaming service. that's going to hit november 1st for $4.99. disney's streaming service is coming shortly after that. so they are certainly head-to-head competitors he tyler. >> thank you >> let's put a button on that. so disney and apple have had a very special relationship in this era, as it relates to media. one of the largest disney shareholders due to her st

we have a little more on bob iger's resignation from apple's board.n has it in l.a julia. >> tyler, that's right, bob iger issuing a statement saying it's been a privilege to serve on the apple board and has the utmost respect for tim cook and the team at apple. but we know why he is stepping down now on november 1st apple will launch apple tv plus, the first big push into original content it's selling a streaming service just like disney is going to starting on november 1212. you have the two companies for many years have been partners. apple distributing disney content selling disney movies on demand now you have apple directly going into disney's business into that streaming business now they are rivals as well. so a bit of a frenemies situation here certainly makes sense why bob iger would not serve on the board of the company which has become a rival of his. in addition to being a business partner. guys back to you. >> julia, thank you. julia boorstin in l.a. let's switch to fedex, gearing up to report the latest quarterly next we can if you bet

in his new memoir "the ride of a lifetime," iger chronicles core values.ncluding eye-popping multibillion-dollar deals like the latest with 21st century fox. you have an entire chapter about, innovate or die. which sounds a little darwinian. but who survives in this survival of the fittest? >> well, i think it begins with being bold. this world today is so unpredictable and moving so fast. baby steps don't work. >> reporter: perhaps his boldest move yet, launching disney plus this november, which means pulling blockbusters like "the avengers" and "star wars" off other streaming services. >> you're taking losses on the licensing fees side in order to ensure the future. is disney late to the game? how do you take on netflix? >> well, we're not late to the game because the game's still going on. we're not really taking on netflix because we're bringing disney out, and the disney includes disney and pixar and marvel and "star wars" and national geographic. >> and yet, when people look at their monthly bills, how many streaming services is a person going to pay

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disney ceo bob iger detailing why he walked away from a deal to nearly buy twitter three years ago, optingor digital streaming startup instead. months, not weeks. new details on its massive push to repair and could it be a september to remember. trying to brush off its reputation as one of the worst months of the year for stocks. it is monday, september 23rd and worldwide exchange begins right now. ♪ >>> good morning, good afternoon or good evening and welcome from wherever in the world that you may be watching. wherever it may be, good morning, i'm brian sullivan. here is how your money and your global markets are setting up their day and their week futures now down 99 points right now. little red on the screen this morning. coming into today the s&p 500 has been up three sessions in a row. right now, looking like it's not going to make it 4 but a long way to go. in the credit markets, things have cooled off just a bit we'll talk about that in a second benchmark ten year treasury market 1.86 after all those wild moves, things have cooled off just a bit in the last week. there are no major

iger looked hard at twitter.oncile the clash of styles between the gentle and sweet disney and mean-spirited harsh world of twitter both of these extraordinarily successful ceos are glad they dodged the twitter bullet but was there really a bullet to be dodged feels like they dodged a big pile of money. they were considering an acquisition and twitter's fortunes seem to be declining by the day but manage thement putting a turnaround strategy in place that ended up making fortunes for any shareholders wise enough to stick with them the idea, what would disney have done with twitter? it would have made espn plus indispensable to fantasy football players, gamblers and men who doesn't care to play the direct tv season ticket price. twitter's sweetheart deal with the nfl made this a no-brainer for disney as far as the meanness of twitter, i don't see it as a deal breaker, you could use artificial intelligence to clean up the platform. it can work. how about marc benioff at salesforce he had two ways to win first buyin

days after they announced apple tv, disney's ceo bob iger said he is leaving the board of apple.thank you we're really excited. >> big, new firm. >> what do you think about iger stepping aside was this destined to happen, it was just a question of when? >> you know, bob has done an amazing job transitioning disney from sort of a legacy media company and giving people the belief, they haven't really shown it yet, that they can execute in streaming that's the company's number one priority if you look at the company, i think it very much sets up bob's successor in kevin mayer who is now running all of the streaming services for disney. as you look at kind of where disney sits in the ecosystem, disney's coming into streaming just as apple is basically coming out and saying, look, we need to move from a tech company. we need to have incremental services we're number two in music to spotify. we need to be a big player in video. i think it makes sense that these two companies can't sit on each other's boards. there's growing tension and competition. they're not direct competitors i mean

>>in his new book disney ceo bob iger reveals an unnamed marvel executive in new york was against making black panther, cleaning movies led by black actors didn't fare well overseas. iger and marvel chief kevin 5 he thought otherwise and black panther wound up making more than one billion. nearly half of that international them all over the place as to what your alexa to speak with a little more attitude. amazon has the answer samuel l jackson, he's the first of several celebrities set to lend their voices to alexa devices available as a $0.99 upgrades company says it will offer 2 versions of jackson's voice, regular and explicit hold on to your butts in hollywood, i'm david daniel that would be so awesome. and samuel l jackson's voice. i'm definitely on news >>a live look outside of the bay bridge a backup that's growing in the cash lanes will be back with your complete be back with your complete traffic check. ♪ sup. wh- whacha doing? i'm watching food. try my $3 cheddar bacon loaded curly fries. get 'em delivered with doordash. try my $3 cheddar bacon loaded curly fries. ♪ ♪ try my $3

bob iger creating lots of buzz with his new book.e and jim discuss why disney did walk away from the deal to buy twitter. >> there are revelations in the book and i need to -- i need to flush them out you say, listen, we got to buy twitter and then walk away from twitter. why? >> i got cold feet for the right reasons. >> but you didn't tell us. >> well, i was -- i thought we would be taking on responsibility that we shouldn't take on. it was too complex in terms of twitter's place in the world, and everything that twitter is used for it just didn't feel disney to me it was interesting because we thought it would be a good platform to distribute our content on and to get closer to consumers, which is critical in today's business environment but i thought, you know, there are things disney does well and there are things disney doesn't do well, but there are things disney shouldn't even try to do well and that was one of them. >> i think stock was -- it broke down, 12, 14, wanted to pay 19, twitter wanted 23. >> i remember it well. >> t

bob iger was close with steve throughout the acquisition of pixar. course been close personally. in that excerpt, he disclosed that steve jobs was one of the first -- he was one of the first that steve jobs disclosed his cancer and health issues to more than shareholders. he really talked up that close relationship and how even more so than under tim cook there was more likelihood they would have merged together and created this really unprecedented partnership between the distribution side and the content side, which is what woo jin was talking about. all the streaming wars goes down to owns the platform and who owns the content and which is more valuable. taylor: bringing this to present day, i wonder how likely would be a merger. apple, $200 billion of cash on the balance sheet. what would a merger look like today? austin: it would be complicated which is why there was a lot of hedging in that article about this is years in the past, a hypothetical. even if steve jobs was still around, it may have something they considered somewhat seriously but n

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iger went on the apple board it was all peace and love. disney pays steve jobs $7 billion.were getting along. iger is a charming guy the idea they would merge until now, i mean, they were not competitors back then. the only link was pixar and that wasn't an apple company. now my question is why did it take so long for him to disengage? new -- >>> the fact that amazon was able to go out and essentially assemble a huge studio operation has kind of made everybody think well, that must not be so hard. >> to your point, hastings told variety that they got outbid which did go down and says november it will be a whole new world as production costs score. that's one reason -- that was one the worst performing s&p names today. >> the margins for everybody, while this keeps going on are going to go lower, lower and lower. it's going to be a game of, you know, who has the deep pockets and how are they willing to reach and how long is the stock market willing to support people like netflix who are willing to spend an amount of money to gain dominance. the jury is still out. how many st

does it matter that that mind that iger has is now no longer part of the board at apple?t know about that. i think obviously presumably apple has taken his best advice to heart. liz: he knows their secrets. >> he knows their secrets, maybe. but no, this is normal in the tech world. you cooperate one day and you compete the other. these people will continue to be friends. liz: yeah. eric had to go but as you look at all that's happened, google is another big name in all of this. and the content wars continue. give your favorite pick. i know you don't pick stocks but who as a winner, has the most muscle at this point? >> well, you know, i like the software stocks but that's a little boring. people like zoom that went public earlier have done extremely well. the real deal which is not obviously enterprise software which is used clothing -- liz: real real, yeah. >> part of it is e-commerce stocks that will start to do well. liz: good to see you. eric hippeau, thank you so much. we are coming right back. don't go away. 30 minutes to go before the end of a wild trading session.

morgan's james dimon disney ceo bob iger -- james dimon and is the ceo bob iger. >> absolutely hard work. i've always tried to be disciplined. i think there's a big element that, i don't care what you do in life, but you've got to navigate it, and things happening ways you don't expect. francine: what does it mean being a leader in 2019, and how has that changed in your last 10 years? >> i think being a leader today is probably different because the world is changing much faster. technology clearly is increasing the speed of change, no matter what direction you look. far more disruption than ever before. i think it requires a patient's. more abilityuts, to take risks, and an ability to make decisions without having all the answers because the answers are harder to get, given the speed of change. francine: is it more difficult to navigate because of the changing political systems? >> details, analytics, facts, stuff like that. trust, personal relationships, those of the same. the speed is unbelievable. in the thing that may be true in your business, too, you have to organize around it dif

would bob iger or with tim cook. bob just left the board of apple.talked to him about how often wall street thinks tim cook is not up to snuff for what jobs was doing. he disagreed with that said tim cook is doing a remarkable job and anybody who thinks he's doing a not great job doesn't know what they're doing. it was nice referendum for tim cook, but, yeah, i mean, i think he did want to merge and that's clear if you listen to the rest of the interview would have thought of a great combination. >> the whole founder, can't run the company, there is some merit to that from time to time. but, remember, jobs left once and we saw the successors had no idea, he almost had to come back and refound and found apple again, which is what steve does. but then i do think it needed a guy like tim cook, right and he has taken it to the next level. >> right and i think that we're discussing innovation in tim cook and how good he's been. again, contrasted by what wall street thinks, he's just so-so and i think it was really important that bob said that tim cook has

close to buying twitter it came to the point where it was literally a last-minute decision by bob iger to pick up the phone and call jack dorsey and say we're not going to do that he stunned dorsey. >> we used to cover those twitter shares would move every day on a report or rumor this was or was not >> i think he absolutely right, though there would have been a brand collision between these two companies. disney had no business trying to fix twitter, which they would have to do if they were going to buy this thing >> and i mean, just the nastiness that bob iger says he sees in his own feed he mentions he goes on to check the news and the nastiness >> twitter is fun until you look at the apps. >> that would be a great responsibility for them to have to fix and is certainly something he was not open to doing. kind of a bad report for twitt twitter. >> you're not familiar with nastiness. to ow me is to love me.ositive. >> do you think there's a warning in here, though, for the social media companies in terms of business outlook, that the threat or the risk that comes along with people ha

. >> we have news bob iger of disney resigned now from the apple board. obviously these two companies have had a lot in common oefrp the years with pixar and steve jobs and so forth. but now they are competitors >> yeah, look, they clearly are going at the over the top in the streaming business it's hard to know what something like this means. bob iger is a busy guy. >> yeah. >> and i would say on some level it doesn't make a a ton of is sense. apple is a media copy. we talk hardware, services media. i'm read going that way. >> maybe a bit of conflict of interest there ultimately i don't think it has a huge impact on the stock if you look at apple stock it held the 50-day moving average 18 times not overly expensive it's a long-term story. >> it's a validation of the business model. >> yeah exactly. i think you hold it here might have to be patient with the stock in the near-term obviously third biggest market is china iphone sales down 14% in the second quarter maybe near-term chopping but hold it in the near- >> any thought nathan you like it. >> you'll

. >>> finally disney ceo bob iger resigned as the two companies both get set to launch their own videoeaming services last week apple, of course, announced its service will cost $5 a month, less than half of netflix's most popular plan. disney plus meanwhile will cost $7 a month in a statement, apple calls ieger anexemplary board member dom, back to you. >>> when we come back on the show, much more on those attacks inside saudi arabia and the impact on the global emergency markets. rbc's helima croft is here and will break down all that we need to know, plus, wall street on record watch does fed chairman jay powell have what it takes to push us over the edge back towards records. >>> more head winds for china. the world's second largest economy hits new multiple year lows >>> and violence once again overtakes hong kong in its 15th straight weekend of demonstrations a very busy hour still ahead when "worldwide exchange" returns after this commercial break. so servicenow put your workflows in the cloud, huh? mm-hm. your employees must love you. thank you. ah, you could say that. so how a

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up next, my exclusive with disney ceo bob iger. stick with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question, tweet cramer, #madtweets send jim an email to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something, head to madmoney.cnbc.com. plants capture co2. what if other kinds of plants captured it too? if these industrial plants had technology that captured carbon like trees we could help lower emissions. carbon capture is important technology - and experts agree. that's why we're working on ways to improve it. so plants... can be a little more... like plants. ♪ man: can i find an investment firm that has a truly long-term view? it begins by being privately owned. with more than 85 years of experience over multiple market cycles. with portfolio managers who are encouraged to do what's right over what's popular. focused on helping me achieve my investors' unique goals. can i find an investment firm that gets long term the way i do? with capital group, i can. talk t

disney ceo bob iger has resigned from apple's board. this happened on september 10.r is stepping down as apple is becoming a direct competitor to disney in the streaming space. cloudflare rose as much as 30% in its trading debut, improving momentum for unprofitable withnies going public other large ipo's ahead. bloomberg spoke with cloudflare 's ceo from the new york stock exchange. >> we really had a great team behind us, both at cloudflare and in the advisors and investors and bankers that we were able to work with. you are always nervous going from a private to a public company, but we were well prepared and we are in this not for any short-term performance, but how we are going to build a really enduring business that can fulfill our mission of helping build a better internet. >> investor perception, how did you find that during the roadshow? >> there's been volatility in the market during the short term and there will be volatility that we live through. that is the nature of the markets. it has been fun for me today because my dad was a stop ruger and i watched

bob iger's departure doesn't appear to be impacting stock prices from either company. iger called his eight years an extraordinary privilege and apple called uger dedicated and visionary. >>> it is day six of runway construction at sfo. so far today 306 flights have been delayed, 39 cancelled. the good news is that construction is ahead of schedule. that doesn't mean the delays and canceltions will stop any time soon. it is friday. airports are generally more crowded when the weekend hits, so construction on the runway was scheduled to go until september 26th. if you're flying out of the airport or you're picking some u this weekend, make sure you check with the airline for the updated time. >>> the bay area is rising to the challenge. it is fighting the housing crisis. new information shows san jose is expected to increase apartment construction nearly 300% this year. it'll be building more than 6,000 new units. oakland is set to add nearly 2,000 by the end of the year. milpitas came in third on track to add about 1,700. salve is fourth adding 1,200 units in 2019. >>>

jim cramer sat down with bob iger on mad money.on apple and specifically tim cook. >> just as a consumer, i use those products, and i want those products. talk about a wow factor. they continue to wow me. apple continues to raise the bar as far as quality and quality of service and experience and design. i don't think they lost a step at all. they went through a tough period of mourning when steve went. it had to be extremely tough. i saw some of it first hand. i think tim has done a great job. no matter what direction you look or how you point i think you conclude that that company is one of the great companies in the world. >> full interview tonight. we're back in a moment. when did you see the sign? when i needed to jumpstart sales. build attendance for an event. help people find their way. fastsigns designed new directional signage. ...and got them back on track. get started at fastsigns.com. - stand up if you are first generat(crowd cheering)ent. stand up if you're a mother. if you are actively deployed, a veteran, or you're i

this brings together iger and dimon.ffair standing upand iger for brexit. francine: boris johnson address conservative mps in about a half an hour, and the opposition parties are meeting to discuss how to counter boris johnson. tom: is that in public? francine: usually private doors, and then they go public. urged: president trump ukraine's leader to investigate joe biden, according to a rough transcript of their call. the u.s. president asked his ukrainian counterpart to contact the attorney general his personal lawyer regarding the matter. president trump says the conversation reveals no pressure. -- benjaminy it netanyahu -- it comes just a week before he faces a crucial corruption hearing. allegations have clouded the last three years of his tenure. imperial brands falling this morning, earnings growth grounding to a halt. it is blaming a slowdown in vaping products amid a rising backlash against e-cigarettes and a rise in non-smoking. ♪ -- global news 24 hours a day, on air and @tictoc on twitter, powered by more th

jason: a great book review as well, a new book by bob iger.ly a tell all because bob iger is not that kind of guy, but there are some pretty amazing details in there about his career, not just running disney for the past 15 years, but how he got there. and candidly, what he endured in that see sweet. -- c suite. >> the book is called "the ride of a lifetime: lessons learned from 15 years as ceo of the walt disney company." it sounds like [snoring] but it's a wild ride. it has details of following michael eisner, what happened with ovitz and how brief that was and what that was like to watch, and even when he was competing to get the role for himself, how he was treated. carol: by a headhunter. i love that story -- don't give it away! >> ok, you've got to read it, but he is basically humiliated by headhunter. and it's not like he hasn't been at disney. it is not like he wasn't somebody -- jason: a known commodity. >> exactly. and in dealing with rupert murdoch, the whole fox deal and all the drama behind that. there is a lot of juice in there a

new book by bob iger, not really a tell all because bob iger is not that kind of guy but there's someamazing details in here about his career not just running disney for the past 15 years but how he got there and candidly what he endured. >> the book is called "the ride of a lifetime, lessons learned as 15 years as a c.e.o. of a walt disney company" which sounds like -- [snoring] it is a wild ride and has details of following michael eisner and what happened with ovitz when he came in and how brief that was and what was that like to watch and even when he was competing for the role for himself how he was treated. >> by a headhunter. that story, don't give it away. >> you've got to read it. basically humiliated by a headhunter and not like he hasn't been at disney. it wasn't like he wasn't somebody. >> he's not an unknown commodity. >> and then dealing with rupert murdoch and how the fox deal came down and all the drama behind that. there's a lot of juice in there and it's fun. >> it comes at a time we feel like some really well known folks in the financial community and those in the b

taylor: iger jokingly called the pitch gutsy and gave the pitch a c.g up, facebook is headed to capitol hill yet again. this time, they are sending coo sheryl sandberg. what she is likely to face questions about this time, next. this is bloomberg. ♪ taylor: facebook is negotiating with a key congressional committee for chief operating officer sheryl sandberg to testify as soon as next month. this comes as questions stir about the media giant's plans for digital currency called libra. sandberg's appearance would follow july hearings with facebook executives and libra co-founder. the discussions take place as the social media giant faces questions, as we have said, about its market power, and i really want to talk about libra. to discuss, i'm joined by kurt wegner, who covers the company , and a still with me in new york, techonomy founder david kirkpatrick. kurt: maxine waters has been one of the staunchest opponents of libra. she has basically said, facebook, stop doing this, has a lot of questions. it will not be exclusively about that, but that will

bob iger is striking a more optimistic note, saying he looks at china quite favorably. francine lacqua in new york. we look at china and perhaps a different way but there are clearly issues that have to get dealt with. serious trade related issues. i look at china more as a glass half-full can at least for our company. it is a market that was relatively inaccessible for a long time. it is now the second largest movie market in the world for us and we have built a huge the seem --shanghai -- huge shanghai with government support, all at their expense. they welcomed us there. we have a good relationship with china and our access has actually increased over time. should there be a level playing field? absolutely. but are there other issues that have to get dealt with? of course. but as ceo of the walt disney company, i look at china quite favorably. >> how much do you worry about the trade war impacting the world economy? >> i agree with bob. the trade issue is serious and has to be dealt with. the method could be different. a lot has said tariffs are the only thing to try

. >> turning now to bob iger, an excerpt from his coming memoir, saying if steve jobs was alive, disneyld have likely merged. now you have the two companies fighting over content in an ever crowded streaming space. henry, we had this debate over and over about whether apple if they meaningfully want to get into content, make a splash with streaming, maybe they should consider an acquisition. does this close the door on what could have been one of the most talked about possible acquisitions over the years? >> we would have merged, let's say what actually would have happened apple would have bought disney and there would have been one ceo, i would respectfully suggest steve jobs, and i would say as an apple shareholder, thank goodness they didn't do that it would have been a badd idea then, would be bad now >> why >> apple doesn't need a massive content company. the mexico they d-- the moment y do, they want a big deal with disney, do a business deal vertical integration strategy that media and distribution companies tried from dawn of time doesn't work that well. >> you think antitrust w

disney ceo bob iger has resigned from apple's board of directors.e two companies now become competitors. apple announced earlier this week it is launching its own streaming media service in november. disney owns hulu and will launch its own streaming service. iger has served on apple's board since 2011. >>> george lucas is watching a vision come to life. >> this time, not a movie. it's his museum. reporter tom wait reports from los angeles where lucas, his wife, and the mayor recently checked in on the museum's construction. >> reporter: george lucas standing behide his wife and construction workers bringing his vision to life. construction on the sprawling lucas museum of narrative art is in full swing. >> millions of people will be inspired. we were just in the board meeting for the museum and george said you are the artist. you are the artist of this art museum. >> reporter: this is what museum officials say the building will ultimately look like. almost like a spaceship parked next to the coliseum. when the project is completed, it will be a 300

events like this allowish that >> bob iger gets love. >> the trust and -- helps the growth and healthy have the trust of americ s americans. >> tim has leaned in the apple being different on privacy as long as apple lives up to that they'll be able to maintain and reinforce that they have had some small bumps. >> the most important device for apple's ecosystem strategy is the $199 apple watch, right? the series 4 >> yeah. >> that they've now brought the price down to $199 it's almost an impulse buy for a certain demographic of consumer and what that gets you if you're apple is it gets you volume. it hits that level that the ipod started to hit. >> way more people, bigger ecosystem. >> mini, nano, people had music in their pocket and they can build businesses around it it will be interesting to see if that can happen. >> iger has the marvel group, abigail disney saying you're way overpaid and the left has iger in there did you forget about that? >> i didn't forget about that. nobody's talking about that. >> not last month but they were before that. >> i was trying to think of other --

don't be jealous of iger be jealous of parker this man is executing at a level that shoe dog, that buckght has to be proud of. >> jim calls it a clinic these nike results and online was strong. upbeat business in china this is what mark parker said about china on last night's call >> in china, specifically, we continue to extend nike's lead in our key cities of beijing and shanghai, we serve a generation of digital first consumers and we support their love of sport by helping to grow participation through grassroots programs. as i said before, nike is a brand of china for china and the results continue to prove it out double digit growth every quarter for more than five years. >> set to open all time high kalyn to 103 jeffries to 97 is that too modest >> no. not at all i think when you think about what they're doing, remember, what their biggest thing is, the olympics so you got between now and next year to get into this. they talk about that the olympic road map and how important it is, they are operating at a level that i think people don't understand. they are riding every single wav

and very late today, we learned that disney ceo bob iger has resigned from apple's board.reason was given. but asno you disney is also launching a streaming video service to be called disney plus. > well, apple and other tech companies are being tar ted by a house panel. laakers made a public demand for documents and st letters directly to ceo as it deepens investigations into big tech wer and potential anti-competitive behavior. ylan mui in . waingt >> the house judiciary committee is requesting documents from big techlu companies, ing emails and communications from top t executives. in letters sento directly the crows of plap facebook, amazon andlphabet. lawmakers said they are interested in competition and digital markets. whether dominant firms are engaged in anti-competitive behavior online and whether existing laws and enforcement a measur adequate. >> you can't have a conversation concerning the competitive nature or the size dominance of a alphabet or google who the parent company of google c or a facebook or amaze onr apple. because of the amount of information th

. >> bob iger ishe ceo of dinelson you fault him for buybacks squh heoo back when they raemzed the problemstream over the next sever years they spend many years buying back stocks. they could have bought netflix for the same money. maybe that wasn't use an li efficient use of capital. they are into streaming right now and be a formidable kpet disbelieve what about the incoming ceo, for instance we saw some ceos step down thiske i are you influenced in buying a stock depending on who is put in the new position? >> i need some food on my plate. i need to watch what happens, what they do with the company. i'm not buying a jus a personality. . i'll a wait a quarter or two how they sha up the industry, shake up the company and do they fix the problems a lot of the proble t are often brody because any sign these guys on in the first place. firstou mentionedar zuckerberg one of the founders of fv continued to b adam neumann, the cofounder much wework had to step dow this we can. the issue of an entrepreneur who then continues to try to run company, the google boys. >> yes. >> they even had to bri

ceo bob iger has transformed disney in largest in the world, pixar, marvel and 20th century fox, sharingf a lifetime," spoke with anchor how to succeed in technological change and evolution. >> sticks out most, innovate or die. everything is changing so quickly. what is advice for someone starting out? >> exactly, pace of change is so rapid and change is so profound and disruption of business models and our lives is omnipresent. protecting the status quo is not a good strategy. figuring out ways to thrive in time of great change, which in some ways is saying be willing to take risks, with change is lot of uncertainty, advise many people to do. >> in his book writes about friendship with the late apple cofounder steve jobs and detailed precise moment they had in emeryville when jobs confined about the cancer notice. disney is the parent company of abc7. >>> it's a vegan world after all at disney's u.s. theme parks. more than 400 vegan dis be added in florida followed by our own. >>> auto recall, nissan, more than 1.2 million cars because of a camera glitch. >> michael finney shows us the

it's in a memoir by bob iger. disney wanted to connect to customers directly. leaders said, the troubles on twitter were extraordinary. disney bought a stake in the sports streaming site. >>> kids around the world celebrated the day of peace in an artistic way. collected.,000 peace drawings it's on display at the coliseum until september 29th. >> we chose the coliseum because we felt that italy has given so much to the world, by way of artwork. we wanted to reciprocate and give something back. >> the artwork was collected to share the message that peace starts of all of our hearts. >> britain is taking on the battle of climbed change. the car-free day is an event to bring attention to the pollution. you can see the difference there. >> it was a clear signal when the road is drops s almost to. >> the mayor of london got in on the action. he was seen cycling through the streets of the city. >> a bittersweet celebration for betty reid sullivan and family. she is recovering from a stroke. she turned 98 years old today. her family released a statement saying, she ha

francine lacqua moderated a lively discussion with jp morgan's chief chairman, jamie dimon, and bob igergive,t advice would you and what advice would you take from politicians? >> advice from politicians when it comes to regulation in various countries around the world get advice from government relations and knowledge from government officials and countries. most you have dealt with have never been in business. seeking business advice from politicians is not something a typically do. i respect their opinions on things, but it is pretty limited to that. >> policy is complicated. collaboration is necessary. the road to health pays good intentions. you're supposed to lift up the people of the country, and they drag them down. many good politicians should figure out the policy, what can be achieved, and get it done, as opposed to thinking over some plastic things. you have seen countries around the world doing great for the people. you have seen countries doing terrible. terrible is always in the name of good. listen to the politicians. do the right policy and move on. if you don't get reel

>> yeah. >> i think the con see the was bob iger was smart in analyzing that they are losing or they on that infrastructure to get its stuff out there. by some analysis, you know, twitter is another distribution mechanism. >> when i see something -- >> but you do have to wonder if disney had bought twitter, would twitter have turned into the cesspool that it is today? would disney have been able to prevent, stop, change direction of how that organization works which would be really interesting concept. i don't know if anybody at this point can turn twitter around in terms of just the toxicity of it >> it keeps getting worse and worse. the other thing i thought we talked about last week, in his book that, you know, he said that if apple -- if steve jobs was still alive he thinks there would be fairly positive that apple would make a play for disney >> right. >> it's been out there in some form or another. the timing of him saying this is fairly interesting apple is ultimately in some ways a distribution company as well that's it. >> thank you ed lee, we'll see if -- >> coming up rick

disney ceo bob iger resigned from the apple board effectively ending one might argue one of the mosttech partnerships of the modern era. so who wins and who loses in this move? we will dig in from the investing side coming up on "squawk alley. >>> welcome back to "squawk on the street." momentum slowing in consumer discretionary and staple stocks. let's drill down on another underperforming group, the material sector. that sector under pressure after data from china showed industrial production hit a 17 year low, that's fueling renewed concerns over possible slow down there. and you have packaging firm ppg industries, freeport-mcmoran on the mining side of things, keep an eye on material stocks. back downtown to you guys at the stock exchange, carl. >>> bob iger is stepping down from the board of apple. what does that mean for the two companies as they launch into the streaming space? "squawk alley" is up in three minutes. i knew about the tremors. but when i started seeing things, i didn't know what was happening... so i kept it in. he started believing things that weren't true. i k

iger jokingly called the pitch "gutsy" and gave it a c. coming up, soybeans gaining the upper hand.s next in today's traders take. if you are heading out and jumping into your car, tune into bloomberg radio on sirius xm channel 119 and the bloomberg business app. . this is bloomberg. ♪ alix: time now for our traders take. joining me is vincent cignarella. why are you looking at soybeans? soybeans gives us a take on the temperature of the trade deal. you can see basically how they soared, and then right after may and early june when the news basically came out that the soybeansl was falling, tanked, and so did the risk appetite of the market. they are starting to pick up as the president was saying yesterday we are may be closer to a deal than people think, or closer than we expect come as of the market temperature picked up a little bit. the situation is this is the low hanging fruit, the ag product we are to fully going to get. if they don't really spike, if they don't really get back to those early june levels, i don't think you can really assess the full trade deal as markets wan

. >> what do you make of bob iger's comments, saying if mr.s was still alive, they might at least explore the possibility between disney and apple >> i think he's writing in the excerpts in van "vanity fair." about his close and almost soulful relationship between bob and steve jobs especially when it came to selling pixar to disney. and how steve openly talked ed about his cancer there i think there was a special bond between the two men. plus a worry about going into the streaming content. it seems to me that the creators of the having treeming content, there's a price war to buy the content and a price war to lower the price to consumers i'd be betting on disney and others to win that battle. which is why bob iger had to make his call that he couldn't stay on the apple board. it's going to be a whole new world in terms of cost to content. that's why you're going to have to step up content purchases would be potentially large rer studio >> better choose wisely. look at some shows that are popular. paramount has yellow stone amc had breaking

he pitched disney chief bob iger story about a female ceo who builds an all-female board to help herusband. >> it was a marriage counseling thing. it was about a woman who could not pick men very well, so she would have a board of directors of women who would be testing been for her and picking her husband. [laughter] some otherght be movie executives in the room that would be glad to consider this. >> i said bet midler should be part of the cast. jokingly called the pitch gutsy and gave the pitch a c. on capitol hill again. this time they are sending coo sheryl sandberg. what she is likely to face questions about next. this is bloomberg. ♪ taylor: facebook is negotiating congressional committee for chief operating officer sheryl sandberg to testify next month. this comes as room or stir about its plans for digital currency called libra. sandberg's appearance would follow july meetings with facebook executives. the discussions take place as the social media giant faces questions, as we have said, about its market power, and i really want to talk about libra. to discuss, i'm joined by

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jason: a great book review as well by bob iger. tell all because he's not that kind of guy, but there are some amazing details about his career. not just running disney, but how he got there. candidly, what he endured. >> the book is called the ride of a lifetime, lessons learned from 15 years as ceo of the walt disney company. [snoring] but it's not. it sounds like what happened with ovitz and how brief that was, and even when he was competing to get the role for himself, how he was treated. carol: by headhunter. don't give it away! >> he is basically humiliated by headhunter. and it's not like he hasn't been at disney. jason: a known commodity. >> exactly. and in dealing with rupert murdoch the whole fox deal in the drama behind that. there is a lot of juice in there and it's fun. when: it comes at a time well-known people in the business committee are out there writing books. jason: and he is not done. >> part of the deal with fox's that he has to stick around. he is launching a service with all of the stuff he has accomplished.