this as the mouse house squares off against comcast, our parent company, in the battle for fox jim stewart, the man who wrote the book on disney literally will be here to tell us what it means. we start there with disney julia boorstin spoke to bob iger moments ago at headquarters. julia. >> it was much better than expected top and bottom line results at disney's two biggest divisions, theme park and music studios, surprise in terms of revenue and earnings perhaps most surprising considering all the focus on the media networks division, which is disney's biggest division that has been suffering from both cord cutting and advertising declines is that that division reported better than expected both earnings and revenue as cord cutting numbers start to slow. take a listen. >> they have started to moderate the declines this quarter are less than the declines we've seen in the prior two quarters what you're seeing is continued growth in the new we call them dmpvds or digital distributors that's great for a number of reasons, because they carry all of our channels. we think it's a very consumer

jim stewart joins us that pesky amazon.n amazon is so important in these cases is, antitrust cases are all about market definition. and will a merger reduce competition. if the market is small, the answers tends to be yes. so if you put -- so does amazon compete with time warner and at&t in distribution and content? i think they made a powerful case it does not only that, the big test is, are they going to be able to raise prices last week amazon comes out and hypes the prime service by 120%. you don't need to theorize they are they clearly have a lot of market power this is a very competitive market the time warner deal should go through. looking at the sprint/t-mobile deal, it's the same question >> let's point out it's a different construct. one is a vertical merger it's not been challenged since '77 by the doj the, is your traditional horizontal deal where you're going from four competitors to three. >> that's the big question is it four competitors 2014, they said four competitors going to three no, no go. what has cha

. >> josh, thank you mike santoli as well >>> an epic board room wynn columnist jim stewart spoke with. it was a rare interview, and he's going to join us next to tell us what she said. "squawk on the street" will be right back with the dow up 108 your company is constantly evolving. and the decisions you make have far reaching implications. the right relationship with a corporate bank who understands your industry and your world can help you make well informed choices and stay ahead of opportunities. pnc brings you the resources of one of the nation's largest banks, and a local approach with a focus on customized insights. so you and your company are ready for today. - anncr: as you grow older, -your brain naturally begins to change which may cause trouble with recall. - learning from him is great... when i can keep up! - anncr: thankfully, prevagen helps your brain and improves memory. - dad's got all the answers. - anncr: prevagen is now the number-one-selling brain health supplement in drug stores nationwide. - she outsmarts me every single time. - checkmate! you wanna play again?

michael and alex >>> when we come back, pulitzer prize-winning columnist jim stewart will weigh in onnt's new auto tariff threats. shares of auto desk are down the ceo will join us later on today. >>> and alexa, are you listening. this amazon echo secretly recorded one family's conversation and sent it to somebody else. dow erasing some early losses here down 31 "squawk on the street" back in a minute welcome to holiday inn! thank you! ♪ ♪ wait, i have something for you! every stay is a special stay at holiday inn. save up to 15% when you book early at hollidayinn.com save up to 15% oh hi sweetie, i just want early to show you something. xfinity mobile: find my phone. [ phone rings ] look at you. this tech stuff is easy. [ whirring sound ] you want a cookie? it's a drone! i know. find your phone easily with the xfinity voice remote. one more way comcast is working to fit into your life, not the other way around. >>> auto stocks moving lower today on the news of one of the largest auto recalls ever issued in the united states fiat chrysler recalling nearly 5 million vehicles joining us

joining us now is "new york times" columnist, jim stewart.pent some time with this. >> not as much as you. >> delaware law, of course, plays a key role here. >> it does, but, you know, one extraordinary things about this is we have never seen anything like this before an open revolt by a board of directors against a controlling shareholder. so the delaware judge said in his opinion, he said i'm looking for precedence here. there just aren't any. when people are betting how the delaware courts will go, it's anybody's guess. there are no precedents here traditionally delaware law has sided with boards of directors, but it's also sided with controlling shareholders here we have the two directly at loggerheads. i wouldn't want to bet on that what did you make of the colorable claims comments, one side, cbs saying that gives us leverage to pursue claims, or national amusement will say it means nothing. >> i think the judge in his own way was kind of coming down on the side of cbs. he couldn't get to the high standards for granting a temporary inju

but pardoning stewart is slamming trump's nemesis, jim comey. james comey. rns out comey was the one who built the case against martha stewart. trump would like you to believe that he is writing moral wrongs. but the real question is, are these pardons really about himself? >> i'm fighting a battle against a horrible group of deep-seated people. drained the swamp. they're coming up with all sorts of phony charges against me. >> phony charges, the swamp. are these pardons about sending a signal to trump's allies? people like michael cohen, michael flynn, paul manafort, all facing the possibility of decades behind bars if convicted, that the president is saying, i'll pardon you if you just remain loyal to me. see what i've done to these other high-profile people? jeff zeleny is traveling with the president today, he's live in houston. look, we've got five pardons from this president. at this point in the prior presidencies of bush, clinton, obama, we had not had a single one. what is trump doing here? >> reporter: erin, it is exceedingly unusual. something that

>> jim stewart -- if he'd said something brilliant i'd never forget it. >> people who like tesla, thek, and they regard this as an opportunity. by the way, elon musk should do his conference call from now on at the tesla showroom in brooklyn which is extraordinary. i used to go there just for something to do. . >> jim mentioned earlier, musk last night on the call talking about share volatility take a listen to that. >> people are concerned about it they should definitely not buy our stock. i am not here to convince you to buy our stock. do not buy it if volatility is scary. there you go >> he said it. >> hard to argue that's all i want. i want a guy who says i'm not going to give you any information. you make up your mind yourself it's very unorthodox he's an unorthodox guy, but he told the truth and he's not about hedge funds. he's not about people who can't handle volatility. i think people are going to buy the stock because they are you know what? it's heavily shorted and i really like the car, and the model 3. we don't know how many people are lined up should they buy it no i agr

. >> always good to get your take, jim stewart of the "new york times. >>> let's bring in david faberust got off the phone with bob iger >> adding to what's being said here, of course, melissa, just did speak to mr. iger who clearly has a lot on his plate as you well know these days but in speaking to him about this decision, he said the following to me. there was no debate about this, said bob iger. you can't debate what is morally rit,n this case, of course, morally right being sang that this show was cancelled. as you might imagine, there was some conversation, of course, that goes on he said, but it really moved very quickly this morning. because there was nothing really he saw to do here other than cancel the show itself certainly speaking to ben sherwood and others involved with the show, there had been, you know -- there was some discussion about what to do, but he basically painted it as, more or less, the conclusion was drawn very quickly that this is the decision that had to be made, certainly sounded like in his mind there was no question about it whatsoever, that it would

this as the mouse house squares off against comcast, our parent company, in the battle for fox jim stewartwrote the book on disney literally will be here to tell us what it

. >> she sat down with jim stewart in "the new york times" in vegas and goes through a whole litany ofth the company and why she's doing what she's doing. >> and it didn't stay in vegas >> it did not stay in vegas. it's worth a read because it gets right to the issue of what this whole fight is about. >> and to wrap this up, wynn's former ceo steve wynn shares something in common with ceos who received top pay in 2017 many of them are gone off the job. a study shows of last year's 20 highest paid ceos, 8 are no longer in the role that does include csx's hunter harrison who passedaway. while the others departed because of deteriorating financial performance or other issues martin one of those? sorrell? >> wpp >> i don't know. we said probably not or is it >> he was definitely one of the top paid >> yeah, he was. and shares of drop box, not lock box are lower in premarket trading. it comes despite a beat on the top and bottom lines and dropbox's quarterly report had an ipo the stock has jumped about 10% this week ahead of that report >> president trump's decision to exit the iran deal se

stewart in new york, stewart >> caller: yes, jim, the pending oil crisis, nobody seems to be mentioning the oil zrdrillers, transocean and diamond offshore, aren't they going to come to life one of these days >> wait a second, let's think about this transocean is up 28% diamond offshore, not as much, but not as high quality. i suggest that you buy slummer j jay. go high quality. scott in colorado, scott >> caller: i heard a bit of scat of blackberry goinginto cyber security is blackberry a buy? >> i happen to think the intellectual property is worth about -- i used to say $8, but worth the whole price of the company. blackberry is doing well i'm not sure about their cyber business i just know that they built a very under the radar good business after being over the radar for so long. so i don't mind owning that stock. >>> the rally has as much staying power as the truce does. and boy, what a breath of fresh air that is. on "mad money" tonight, international flavors and fragrances announced a $7 billion deal a few weeks ago is it the sweet smell of success or does the market think it's g

dagen: jim comey went after martha stewart for lying, she was never criminally charged with underlyingport may have found people lied. we know that it found that andy mccabe lied but the question the american people will have, are they going the actually pay the price for that because other people have gone to jail for that very felony. maria: we would like accountability for abuse of power. >> justice. maria: guys, thanks so much. great show, here is varney & company and stuart. stuart: thanks, maria, he's a visionary, he's a billionaire, he's the tesla king, he just went right off the rails. good morning, everyone. you don't see this very often, the top guy at a big tech company making bizarre statement that is sink his stock. well, that's what elon musk did last night. after reporting a loss of $785 million in three months, he dismissed analysts questions about money. he cut them off, next, he said. how many have taken delivery of model 3 cars, that's what he was asked, another dismissal, boring. he said -- that's what he said. then he took a shot at investors, sell the stock if y

jim comey's friend. he was the prosecutor in illinois and martha stewart.he was in the clear and lied to a fed and didn't know you couldn't tell a mistruth. >> jesse: lobby for a pardon just in case. >> greg: and for dana and jenna. >> you know that prison reform acosta agreed with this. and he has to twist it. and because it is trump, he has to oppose and have a problem with it. when it is an issue they oppose it is one thing. and probably supports and many people do and you have to nail just because it is trump, that make its so funny for the audience, i think. >> dana: i will talk about the celebrity angle and i don't care their political views and i don't take much stock in them and it doesn't persuade me at all. angelina jolie when she talked about the plight of children and refugees, that was effective. >> greg: yes. >> dana: and so if you have a platform and want to do good, that is to be admired and i would say on the pardon front. it was not the pardon i was expecting today. we talked about matthew charles who is actually back in jail, it was a gov

jim, can we see just the handshake then? can we see just the handshake? >> uncle don! >> you must be stewartefore he's shaking yours. >> yeah. the editing is just as bad as the acting. ( lahter ) ( ♪ ) cefa w theor fas aace tore be ckedonit wh. bonlyot®oxme costi c f isdapp arove ttoraempori mlymoake deterato serevowe frn nelis, cr o''ets fe and heforeadin looes lk bett.er 'it's qua 10ick mutin e etcosmicre tntatme gin ve dby aoctor toed rthuce oslie thisere oy nl onebo ®tox cmeos foask r bitmey na. te feefofcts boxotos® cmec,ti ma rey spadou hrs to ks wee aerftec injti,on uscaseing ris outosympms alt er dyourocr tot righaw d asifcufi lty loswalwing, speangki, brthea eing,yero ps,blem or cl muse akwe n cabe s aofign li a fehr-tnieatengdi conti.on n dootec r beiveot®oxme costi ouif y he avina sk iecnf.tion esidefftsec may udincle leal rrgiceaioct je inctsiion teai pn, adhe, acheeyidel and ebeydrrow oongpi an eld eyidwe sg.llin llte youdor actorbo utur yo micedisal hto,ry mulescne or rvcoe ionditns an d dimeoncatis in clinudtug bolim nunstoxi as se the may iasncree e th erof sious se idcteffes

stewart. i will get reaction from the houd judiciary committee ted lieu. and correspondents and analysts are standing by. let's go to jim acosta. the president has shown he is granting pardons early and to do so often. >> reporter: that's right, wolf. a white house official talked to reporters in texas with the president traveling there, saying no, the president is not just considering celebrities for presidential pardons but sure seemed that way today. seemed like a new episode of president trump's white house version of the apprentice. this time the presidential pardon edition. the president not only announced he is pardoning darling of the far right, but he added he is considering leniency for two former stars of the apprentice, making the white house again seeming tee tachd from reality. >> we are going to dallas and houston. going to have fun. >> reporter: he sounded likes he was contemplating a catch phrase, not you're fired but you're pardoned. it started with a man convicted of violating campaign laws. thank you, mr. trump, for restoring both. this is a win after former prosecutor tweeted karma is a bitch. well

stewart and former illinois governor, rob blagojevich in prison for corruption. our correspondents are standing by with full coverage. let's get to our chief white house correspondent, jim acosta. he profiles a conservative and more may be on the way. what is behind the latest move? >> reporter: a new episode of president trump's white house version of "the apprentice." this time the presidential pardon edition. he is pardoning a darling to the far right, d s'souza and seem detached from reality. >> we are going dallas. we are going to houston. we are going to have a little fun today. >> reporter: president trump left washington for texas, sounded like he was contemplated a reality tv catch phrase, not you are fired, but you are pardoned. he started for a far right commentator, d'souza, accused of violating campaign laws. tweeting they tried to extinguish my american dream and destroy my faith in america. thank you, mr. trump, for restoring both. tweeting karma is a bitch, known for loading racial commentary. >> the white guy is not welcome at the multicultural picnic. >> this attack on barack and michelle obama. asked why he pardoned d'souza, he said i never met him. i