julia boorstin is watching that. gain, julia. >> cl, that's right, disney responding, noting its track record of delivering long-term value and noting that it's delivering a $7.5 billion in cost savings, $2 billion more than its original target. also adding the board's appointments yesterday of morgan stanley ceo james gore man and former sky ceo reflect a focus on strategic growth initiatives, e succession planning process and increasing shareholder value. now, they also note that isaak pearl mutter says, this dynamic is relevant to assessing mrm mr. peltz and nominees he may put forward as mr. perlmutter was ousted. carl and sa, cerinly interesting to note the flag of potential sour grapes there. >> disney is getting defensive. thank you very much. julia boorstin. the only point i would make, carl, and we heard earlier from trian and peltz saying they're going to take their case of change directly to investors and shareholders, is what peltz has going for him, what trian has going for them is the stock price. rememb

thank you, julia boorstin.oday, and we have a feeling of their own co-pilot. >> despite that we're seeing shares down half a percent and here are the announcements we're looking at and ai has a new chip called trainium2 and it will help wean off nvidia, very similar from what we heard from microsoft a couple of weeks ago at its cloud, vent and we are also going to use nvidia and amd and look, you're starting to see these tech companies and ai leaders go on their own and separate themselves from nvidia as best they can. in addition to that, like you said, a new ai assistant and that's the letter q. this is mostly for developers and information technology professionals and it will cost 20 bucks a month or $21 a month with new features to what microsoft is selling co-pilot for that has more features and more consumer facing, rather, for 30 bucks per user, per month and also going to compete with chatgpt enterprise and microsoft's bing chat enterprise and the holiday shopping season. amazon boasting recordbreaking

kristina partsinevelos with what to look for in arms holding and julia boorstin with disney.rying to make a move back to 4400 and the futures above it as we speak. >> third straight day where you just get enough offense out of a few names to get the index continuing this positive streak. if it closes here this afternoon it's eli lilly getting a little bit of positive news, 4% up. by the way, lilly is a top, and it's amazing how big it is relative to what it used to be. >> yep. >> the rest of the market is trying to regroup and digest another day of negative breadth which is okay, and i guess if you were bullish you wouldn't necessarily want to see regional banks down 4% week to date as they are and it's coming off of a full squeeze higher next week and you take the good and the bad, in general, it is much more about just holding serve until there's another catalyst out there, and that's been -- that has absolutely been the case that the market is just doing enough in migrating toward the strength and the struggling parts of the market all year continue to be a little bit susp

julia boorstin still to come, start your enjoins.in las vegas this weekend one of the most anticipated supporting events since the super bowl we'll get a live report on how that's going when "power lunch" returns. ♪ my name is josh sanabria and i am the owner at isla veterinary boutique hospital. i was 5...6 years of age and i knew i was going to be a vet. once alexandra called me to let me know that bank of america had approved my loan... it was important to me. we not only just provide the financing piece, we do everything that we can to surround them with the right people. all you need is a perfect, amazing team that will guide you through the right steps to be successful. and that's what bank of america was for me. las vegas grand prix choose t-mobile for business for 5g solutions. because t-mobile is helping power operations and experiences for hundreds of thousands of fans with reliable 5g connectivity. now's the time to accelerate your business. >>> check out shares of formula one. it's a big weekend for the company as they st

hopefully we'll get some news. >> you will, julia boorstin.rtha coombs covering zoom, which reports in "closing bell overtime." >> the big question for zoom investors is whether they can show a path to growth. analysts are looking for zoom to report earnings of $1.09 a share on $1.12 billion in revenue, both at the top of the company's range of guidance. that would represent about 1.5% growth over last year. results would mark the sixth straight quarter of low to midsingle-digit revenue growth a far cry from what we saw zoom shares remain about $500 below the all-time high in the pandemic >> a bit of a move there before the numbers hit. a little bit of a move would be an understatement in nvidia. let's set the stage for what's at stake tomorrow given this stock's incredible run and all of the focus on ai, which you were reminded of multiple times over the last 72 hours >> i don't think anyone will be taken by surprise by the actual reported numbers because people's eyes have gotten pretty big. the move this morning was about 6%, 7%, pretty big

we have our contessa brewer, courtney reagan and julia boorstin what more to expect from mgm resorts,armor, and walt disney. >> invefrlters have gotten a gook look at the gaming landscape because we noma cow's rebounding. we know las vegas is still on fire from caesars who reported earnings and showed some impressive results from the regional as we. the big question for mgm will be how much did it hurt, that cyber intrusion, the disruption to business, a lkd the lingering fallout. the ceo bill hornbuckle told me they're still working through it and insurance will cover money of the financial impact. he also told me mgh had its best five days in macau over the golden week. that's the big holiday in asia. and it took market share. those are strong signs of a silver lining. the street is expecting more than a billion dollars of profit sharing in ebitda. that's the crucial earnings metric the outlook in the fourth quarter. and f1 next week may get the spotlight on the earnings call. i'll send it back to you. >> ujds armor reported its fiscal results before the opening bell and it's the fi

julia boorstin has the details julia? >>> disney shares gaining almost 3.5% on news that valancueact h taken a position they started up buying shares of disney in the summer key to their interest in disney is the thesis that the company's theme parks and consumer products businesses alone are worth low 80s in a share notably, valueact is reportedly friendly in contrast to the move this year with another move by peltz, now joined by marvell entertainment chairman ike pearl mutter in the works. looking back at the 12 months, shares are up about 3% we're pretty much flat before today's news worth noting is valueact is currently an active investor in "the new york times" ko, spotify, as well as fox. >> good to know. julia boorstin that brings us to our "question of the day." does another activist in disney make you more optimistic about the stock now? we'll share the results later on in the hour. >>> we're just getting started up next, microsoft is getting into the ai hardware arena after announcing two new ai chips. we have

julia boorstin is following the rally in roku shares today michael, we're digesting after thanksgiving> we are. markets are acting as if it's in a pretty comfortable spot at these levels obviously, short term, you can make the case that a four-week sprint higher has gotten it a little stretched but in general, yields, 10-year below 4.4, all the things we were worried about, real scares, the regional bank crisis, then six months late we are the yield meltdown you needed them to sort of test whether or not you can rebuild confidence in a soft-landing scenario we more or less got there. you've been talking about the strategists' outlook for 2024. nobody is outright fighting the market as much as they were a year ago because that certainty about a coming recession is definitely diluted by now the market has behaved there's another moment coming. you won't get lib rated from the sensibility out there. you can kind of enjoy it where we are, seasonals, all the rest of it, kind of carry the day for a little while, even if the week after thanksgiving sometimes is a bit of a payback >> the last

. >> of course a lot of people do diana, thank you so much julia boorstin, what's happening with snapzon said it will run shopping apps on snap and will allow snapchat users within the app to buy products wound having to swipe away and leave it's seen as a boost to snap's ad business and why shares are up 7.5%. amazon also has a partnership from in pinterest and meta that was announced just last week and evercore saying these partnerships could, quote, help drive more robust overall ad targeting and measurement on meta and snap's ad platforms and potentially grater user engagement by keeping users on its apps during transactions tiktok has become a social shopping behemoth. >> julia boorstin, thank you so much there's the sound effect for the two-minute warning 20 fed speakers this week, bob. >> thank god i'm not steve liesman. that man is a saint. >> we have comments from goolsbee they're dpoung to filter in a big way in the next few days let's see what they collectively have to say. you've got cpi, ppi. >> let's see if the ppi kind of supports this. heaven knows it could reverse. i

julia boorstin. i feel like the question you have to ask at this point is, did we see the worst of it? are we starting to see the other side of this disney turnaround? >> yeah, that's what i'm trying -- i've said that before and it's been wrong. couple things. the free cash flow number was good. $3.5 billion or so. this is now pre-covid level levels-ish, so, good for them. i'll say this. you know, this stock and carter can speak to this, series of lower highs and lower lows, seemingly forever. that stopped in early october, and we traded down to $79, bounced to $86. this recent selloff didn't get us through those lows. got it right back to $79 and here we are at $86. technically, you get a close above $86.5, $87, it looks interesting for the first time in a long time. >> you said a small long, right? >> yeah, we put out a note, and it was -- very concerned about ad declines in legacy media. that's a joke. no, it's not. point is, that -- the point is, what guy referred to, we were right at the covid l

julia boorstin on the field today. >>> time for a cnbc news update. leslie picker has that for us. >>> north korea appeared to make third attempt at launching a spy satellite into orbit the japanese government issued an emergency warning for people in the south to take cover from a possible missile which was believed to be the satellite it came after north korea told japan it would launch after two previous failed attempts. >>> a georgia judge will hear arguments that bond should be revoked for trump's codefendants the district attorney said harrison floyd violated bond conditions by trying to intimidate witnesses through posts on x floyd's attorneys say he was simply exercising his right to free speech. >>> the rolling stones are hitting the road they announced a north american stadium tour today that kicks off next april in houston. it comes after the band released its first original album in 18 years last month tickets go on sale december 1st. my guess is you are marking your calendar now. >> sponsored by the aarp, for those who love them. >>> comi

let's bring in julia boorstin for details what we heard coming out of that meeting. j julia?eld a town hall about his return to disney at ceo, he took the stage today and the stock moved lower because he reportedly played down the sale of disney's linnier assets. he said no decisions have been made. but, in iger's comments, he was very much focussed on the future of disney and its brands, saying, quote, i feel like we've just emerged from a period of a lot of fixing to one of building again. and i can tell you building is a lot more fun than fixing. now, the first half of this hour-long town hall was abc anchor david muir interviewing iger solo. he was then joined on stage for the second half by disney's entertainment chiefs, espn head and disney's parks chief. they started off with espn and the focus on building it into a digital sports platform. they talked about potential strategic partnerships for espn, including leagues or tech companies, though they said they could go it alone. they talked about focussing on profitability for disney streaming business and excitement abo

julia boorstin has more. > tyler, the "wall street journal" reporting that test accounts it created were searching risque footage of kids and sexual adult videos alongside ads for major brands they set up these test accounts to follow young gymnasts, cheerleaders and other teen and preteen influencers and were served up risque and inappropriate content mixed with ads for bumble, pizza hut, disney, and others meta responding the prevalence of inappropriate content on instagram is low and they are invested in continuing to reduce it saying, quote, these results are based on a manufactured experience that does not represent what billions of people around the world see every single day when they use our products and services. saying we tested reels for nearly a year before releasing it widely, with a robust set of safety controls and measures in 2023, we actioned over 4 million reels per month across facebook and instagram globally for violating our policies so the question is whether this response from meta is en

julia boorstin to break it down for us.'m curious about the criticism, but start with roku, the biggest mover. >> huge mover here. i'm talking about a 30% jump in the stock after the company reported better than expected results after the bell yesterday, but the key thing here, kelly, the fact that roku not only beat expectations in q3, but guided to continuing an ongoing advertising revenue growth in the fourth quarter. i'm going to read you the key quote that i believe is driving all of these media companies higher. we had a solid rebound in video ads in the third quarter and expect the year over year growth rate in the fourth quarter to be similar. this idea that the concern that we've seen for the social media stocks that perhaps the conflict in the middle east would be causing a pause in brand spend. that's not happening when it comes to the tv ad market. and the overall ad economy is continuing to strengthen. key piece of that here. >> all right. interesting. next up, we've got disney, buying up our parent company com

our julia boorstin has more on that today. hey, ulia. >> such an interesting report here, carl.much of this look at the future opportunity and with the future of the streaming landscape will look like, comes down to the fact that in the most valuable markets, namely the u.s., it's very saturated. and it was really interesting to look at the chart here and the forecast of how when it comes to the u.s., assisit's a zero-sum for these streaming services. and when it comes to advertising, it's not like ad dollars are just going to help these companies bring their prices down. that's a complicated equation, as well. there's some talk about consolidation, but also a rebounding, which is something that we've been talking a lot about here. how will we see these new bundles form? is it just about a bundle of espn plus, disney plus, and hulu, or will we see these bundles really be solidified around things like amazon prime video, and the way they're using the video and entertainment content as sort of an anchor for some of their other assets, as well. >> speaking of prime video, julia. an

julia boorstin, thanks. >>> another research call we're watching from the desk of barclays, upgradingoverweight, raising price target to 350 euros. strong earnings, above consensus guidance the catalyst there. stock is up another 1.3%. robert frank joins us to break down the bullishness. >> this stock like their cars is very expensive. has a market cap over $60 billion. it's 50% more valuable than ford or gm. i think what analysts and investors like is the certainty. how many companies do you know, guys, where you're already asking questions about 2026 earnings? that was the conference call. because 2024 and 2025, they already know what they're going to be. they're already sold out of cars for the next two years. and they're making more per car. they're selling more expensive cars. they just released a car that sells for $5 million, which you can only drive on the track. you can't even drive it on the road. how many companies can do that? and they're also adding a lot of personalization. when people choose their own paints color, choose their own leather, that's adding hefty profit ma

i'm julia boorstin with your cnbc news update.for one of his federal criminal trials. the former president filed a legal motion supporting previous media requests for live coverage of his election interference trial. trump is facing charges of attempting to defraud the federal government and obstruct congress by spreading false claims of election fraud. >>> first lady jill biden and the white house gender policy council are set to lead a white house initiative into women's health research. the biden administration announced the program today with the goal of improving how the federal government funds and approaches research interest women's health, an area that remains understudied. president says he's a believer in the, quote, power of research to help save lives. >>> traffic is getting worse in los angeles. a large fire damaged part of the 10 freeway over the weekend. closures continue this morning as engineers look for any structural integrity issues. mayor karen bass is asking commuters to review routes using surface streets.

let's get out to julia boorstin. >> kelly, we're waiting to see if elon musk files what he said woulda placed ads for major brands next to content that touts adolph hitler and his nazi party x accusing media matters of creating an alternate account to deliberately follow sensitive accounts in order to, quote, curate posts and get advertising to appear on the account's timeline media matter's president responding, saying musk admitted the ads at issue ran alongside the content we identified. if he does sue, we will win. x ceo linda yaccarino saying when you're this consequential, there will be detractors and fabricated distractions, but we are unwavering in our mission. major advertisers including apple, ibm, disney, comcast, cnbc's parent company, continue to pause their spending on x x's ad business has suffered a dramatic drop since musk took over, insider intelligence projecting that the company's total ad revenue will drop by 55% this year from last year, saying this latest controversy, quote, the damage to x's ad business will be severe, kelly. >> julia, thank you. we appreciate

julia boorstin has more on the names. >> huge movers. roku shares surging, up 30% after the company reported better than expected third quarter revenue and fourth quarter revenue guidance that came in way ahead of expectations. up 30.5%. this was due in part to an advertising rebound and it did prompt a number of bullish analyst reports. roku saying we had a solid rebound in q3. expected year-over-year of video similar in q4. paramount reporting earnings after the bell today. seeing its shares surge 9%. warner bros. discovery shares are up 9%. i have to point out here that all of the media giants are outperforming the market. disney shares are up 2%. comcast shares up 1% on the heels of those two companies taking the next step towards closing the hulu deal. >> dom? >> julia boorstin with the latest. >>> despite the outperformance of the magnificent 7 stocks versus the equal weighted s&p, some think others outside those winners have taking their medicine. we're talking shopify and palantir, which he thinks could double in the next 12 mont

we've got keith lerner here, always bringing the heat, great stats and crucial trading partner, julia boorstinhe media stocks. what does that mean for disney earnings next week? kristina partsinevelos back on the chipmakers as well. keith, i'm going to start with you. i've stolen your stuff for my rbi many, many times, my man. in this week that was, is there something that sticks out to you any more than anything else? >> yeah, mr. sullivan, great to be with you on this friday. i will tell you, we were on the program last friday and our main message back then is that the pullback represented an opportunity because the market had moved back over 10%. we broke through some technical levels and sentiment got overly negative. as i think about this week, you know, we had a condition of being oversold and catalyst of yields moving back as well. i still think we have more room to run by the end of the year. i think we'll start to consolidate some of these gains. we almost had a full year of gains this week. some areas we were favoring like small caps were off 8% for the week. i think we consolidate s

our julia boorstin with the details. rlier, julia, it wasn't even with taylor swift. >> reporter: that's right, sara. "monday night football" hit a 27-year ratings high. the super bowl rematch between the kansas city chiefs and the philadelphia eagles brought in the biggest audience for any tv broadcast since the super bowl earlier this year with more than 29 million viewers across all platforms. it aired on abc, espn, espn plus and nfl plus along with espn2's manning cast. for the season so far, "monday night football" is averaging a 26% ratings jump bolstered by abc for the full season and less competition from scripted content thanks to those hollywood strikes. along with the surge of "thursday night football" on amazon, total viewership for the nfl is up 7% from last year. so now we're watching for viewer numbers for the first-ever black friday game streaming with shopable ads and amazon is making it available to everyone, even those who do not subscribe to prime video. anyone will be able to watch. you're right, sara

tough holiday season for streaming companies and now some of the biggest names in the space, julia boorstin with all the details. >>> the streamers are under pressure to deliver profitable growth which is why they have all hiked price this is year. shares have outperformed all the other streamers and added the most subscribers, 24 million, which might be why it's promoting bridgerton o "stranger things" rather than offering discounts. hulu is offering ad supported plan for $1 a month, an $80 savings, if subscribers commit for the whole year, max is slashing the price with max with ads from $3 to $10 for the first ten months and then paramount is offering new subscribers a nearly 70% discount. peacock, part of our parent company, is offering new subscribers its premium tier for $20 for the whole year. we'll have to see how consumers respond to lower cost ad-supported plans in this push for longer commitments. mike? >> yes, we will, the presence of those plans is a new wrinkle. up next, we're just a few days away from black friday. the key stocks every investor needs to be watching. rk ze.tak

let's bring in julia boorstin and, julia, talk about what we're able to without having seen details aboutwe haven't seen details yet. they have to officially vote on it but it does seem, based on everything i've heard this is a deal that is done. i'm already hearing from people who were involved in tv shows they're going to try to ramp up and restart production within the next couple of weeks all signs are go here. there's been so much focus on the strike around streaming and how to compensate actors for streaming success. and one of the key sticking points of the negotiations is at one point the actors guild was asking for a percentage of all streaming revenue. so saying they wanted 2% or 1%, this is something the studios and platforms didn't want to do. my understanding is they made an agreement similar to what the writers guild want, a bonus in streaming success, so something that compensated people more if a show of successful or a film was successful but not a flat percentage of revenue. >> more shared economics there what does this mean for promotions ahead of the holiday season whi

santoli will join us then coming up, game on for streamers, their big bet on the nfl paying off julia boorstinlowing that story for us today. hey, julia >> reporter: well, scott, nfl ratings are way up especially on streaming. i talked to the nfl's chief media and business officer about their first-ever black friday game and the digital future of the league that's next when "halftime report" returns. meet gold bond daily healing. a powerhouse lotion that moisturizes, heals, and smooths dry skin. with 7 moisturizers & 3 vitamins. and... new gold bond healing sensitive. clinically shown to heal & moisturize dry, sensitive skin. gold bond. >>> now to the nfl's big bet on streaming, turning out to be a touchdown. julia has that story for us at sofi stadium hey, julia >> reporter: that's right. amazon is betting big on the nfl for its super bowl, which is black friday it's going to be streaming the first game after the day after thanksgiving in the second year with nfl thursday night games on amazon, those ratings are up 26% from last year through week 11, driving total nfl viewership up 6% for the

. >>> let's stay out west with julia boorstin with a cnbc news update. julia?rump filed a legal -- to be livestreamed, special counsel jack smith is arguing against it. in the filing today, he says the former president wants a carnival atmosphere. he cited other trials in other high-profile cases in support of no cameras. he mentioned the oklahoma city bombing, the boston marathon bombing and 9/11. >>> the supreme court says it is now adopting an ethics code as several justices face criticism over undisclosed travel and gifts. it was posted on the court's website today. online justices signed a statement on ethical principles and practices earlier this year, but had resisted until now writing a formal code of conduct. >>> and don't try to buy and flip your new cyber truck. tesla has added a clause in the purchase agreement saying buyers can't sell their new vehicle within the first year unless they have specific permission or they may be sued. offenders could also be banned from buying teslas in the future. jon, back over to you. >> thanks. is it your truck or

cnbc's julia boorstin will be speaking with ceo bob iger in an exclusive interview today. can catch that at 2205c te. >>> and arm, the semi-conduct irfirm, is expected the p postearnings. we're joined by our next guest. has the arm listing or the fact that it's a public company influenced it at all? will it have any bearings on the set of results that we're going to get today? >> i think yes. so the timing is right for arm to go public, and it's good for soft bank as well. it will help them increase their earnings from now on. on average they used to get almost 2%, 1.2% varieties and the semiconductor market, but with the new licensing modeling, they'll try to maximize it. >> i want to ask you about where the growth opportunities reside. i remember in the buildup to the ipo, we had lots of conversations about arm and the fact that their technology, their ip is so present in many smartphones. i believe they've got a market share of more than 90%, 95% when it comes to the smartphones. so in terms of growth, where do they go from there? they've tapped o it the smartphone mark

. >> you can watch julia boorstin's interview on the premium service of cnbc pro. >>> the actors striketo an end at 6:00 a.m. this morning after they reached a deal on the contract after 120 days of action in a statement, the union said the deal valued at more than $1 billion would enable members from every category to build sustainable careers in the industry said it won't release full details until it is reviewed by the board. >>> in the u.s., i'm republican candidates faced off in a third debate in miami. the frontrunner, donald trump, chose to skip the debate the remaining argued over foreign policy and china and abortion and migration the debate got heated and personal at times in particular between nikki haley and bu bissbus businessman ramaswamy. >> she made fun of me for using tiktok, but her daughter uses it for years. the next generation of americans are using and that is the point. you have her supporters propping her up >> let's get to nbc news' b rrk brie jackson in miami. was there any winner from last night's debate >> reporter: good morning, julianna we saw clashes like

post on x advertisers continuing to leave the platform, and they may not be alone let's bring in julia boorstin for more details what do we know? >> well, kelly, x ceo linda yaccarino standing by the company in the face of reports that ad industry leaders were calling upon her to resign this drama unfolding while she was at her daughter's wedding over the weekend she tweeted out this morning, quote, when you're this consequential, there will be detractors and fabricated distractions, but we're unwavering in our mission. this comes as major advertisers, including apple, ibm, disney, comcast, cnbc's parent company, continue to pause their spending on x their boycott started late last week after x's ad revenue was on track to fall by 55% this year from last year, according to an october estimate, by insider intelligence its principal analyst warning of musk's anti-semitic comments and other posts on x saying, quote, the damage to x's ad business will be severe, a big name advertiser exodus will inspire other advertisers to follow suit, and there's already likely a long tail of less vocal advertise

tune in for julia boorstin's exclusive interview with bob iger this afternoon after results at 4:05. >>> and coming up, eli lilly getting key fda approval for its new obesity drug. that paves a way for even wider use of the blockbuster medication. we'll get the key details when we return with the shares up 2%. in the u.s. we see millions of cyber threats each year. that rate is increasing as more and more businesses move to the cloud. - so, the question is... - cyber attack! as cyber criminals expand their toolkit, we must expand as well. we need to rethink... next level moments, need the next level network. [speaker continues in the background] the network with 24/7 built-in security. chip? at&t business. welcome to ameriprise. i'm sam morrison. my brother max recommended you. so my best friend sophie says you've been a huge help. at ameriprise financial, more than 9 out of 10 of our clients are likely to recommend us. our neighbors, the garcias, love working with you. because the advice we give is personalized, hey, john reese, jr. how's your father doing? to help reach your goals

julia boorstin is covering it. what are we hearing here?ed a town hall after he returned to ceo and the stock has been down about 5% in the last 12 months. iger, i hear, was asked on stage if it's been a more challenging year than he thought it would be. he said, yes. the new amsterdam theater, where "aladdin" plays on broadway, david muir is moderating a town hall streamed to employees this is a conversation that's supposed to be about future building opportunities. iger was on stage at first solo with muir and then potential successors. when his term is up in three years, including dana walden and allen bergman and also the parks head. iger is talking about his areas of focus, and he flagged these areas in disney's last earnings call. one of them is building espn into a digital sports platform. i'm told iger talked about strategic partnerships that could include leagues or tech companies. he left the door is open and is meant to talk about profitability in the streaming business as disney buys out the remaining of hulu and the economics o

we'll hear from bob iger with julia boorstin, right? hugh johnson is coming in to be cfo.t buying the stock again? >> that's a huge hire. what a success story at pepsi, and i actually think that maybe he's the next ceo. maybe bob be iger is bringing him in for the next couple of years or however long it's going to be this is a seasoned veteran who knows how to run a company and how to drive sales and, now i think disney is much more complicated than something like a pepsi. pepsi wasn't broken. >> didn't they already learn their lesson by hiring somebody who wasn't exactly in line with the creative ethos, trying to choose my words carefully -- who wasn't necessarily in line with the creative ethos that defines what disney is, and that's one of the reasons why bob chapek did not succeed and was arguably not the right person in the first place and now iger has made it more of a priority to have a person in line who more fits the culture of what disney is, not to take anything away from hugh johnston, a wonderfully nice man and has had a great career in his own right. you get

julia boorstin, nelson peltz, he's back. >> he's back.sney's board and take his case directly to shareholders. the addition of james gorman and sir jeremy derek to the board will, quote, not in our view restore investor confidence or address the root cause behind the significant value destruction and missteps that this board has overseen. disney has responded saying gorman's focus is on growth initiatives, the success planning processes, and increasing shareholder value. disney also flaming thal another owns 72%. mr. perlmutter was terminated as an employee by disney early teller this year and his voice has longstanding personal agenda against ceo robert a. iger. interesting one to watch. the window opens for nominations to the board on tuesday. >> julia, thank you. we'll continue to follow this one. we'll see what happens. it's very likely going to be more than two. >> i'm sure of that. again, though, we're kind of talking about -- speaking for 2% of the outstanding faires. it will be tough. if the stock works in the absence of any move

with us is julia boorstin. >> live in beverly hills coming all of a massive year for concert going soll last year. my question is the success of the last two quarters. how much of your beats both in terms of top and bottom line come down to big tours like taylor swift and bejohnse? >> incredible year. our business is very spread from kind of top to bottom, and across 40 countries. so any one artist is only about 1% of our business. it's not really like the movie business where you have big blockbusters. it's diverse. spread across amp theaters, clubs, theaters, stadiums. our business ongoing all the time is a diverse portfolio across a global port follow yo also. >> a lot of talk about pent-up demand from the pandemic and the idea some big artists, yes, mention beyonce and taylor swift again, can get people out and to spend a lot of money on these tickets. what is going to happen in the fourth quarter and next year? you don't give official guidance, but kwhwhat is your expectation for q4? >> on pace for a record year. 140 million, last year 120 million. a record year. a lot of debate

musk now threatening what a, quote, thermonuclear lawsuit our julia boorstin has the latest good morning deirdre, now we're waiting for musk to, perhaps, file that lawsuit he threatened. this advertiser boycott of x continues. apple, which spends tens of millions of dollars annually on x, along ibm, disney, lion's gate and comcast, cnbc's parent company, they have confirmed they have paused ad spending on x. now, in addition to musk's tweet supporting an anti-semitic conspiracy theory, on thursday media matters published a report that showed x placed ads for major brands, including many of those that paused spending, next to content that touted adolf hitler and his nazi party. musk responding to media matters on x late friday night saying, quote, the split second that court opens on monday, x corp will be filing a thermonuclear lawsuit against media matters and all those who colluded in that fraudulent attack on our company. media matters' president responded to this saying, quote, musk admitted the ads at issue ran alongside the pro-nazi content we identified. if he does sue us, we will

julia boorstin. tim, what's your take on all this? >> i -- you know, bob iger likes to run the ship as he likes to run it, including culture and, you know, a lot of friendlies on the board. clearly. if you look at disney stock performance in november, it was one of those stocks that actually did really well. again, relative to disney's performance over the previous three years, so -- is there momentum in the stock? we got some sense in the numbers that you've seen some not only bottoming in the dtc business and actually some improvement, and possibly even in the profitability of that at some point, but it gets back to valuation for me on disney. and there's a lot of different ways you can value it. typically, you are valuing the experiences part somewhere in the 15 to 16 times. you put some type of a sales multiple, street's anywhere from four to five times on the dtc business and you are left with the rest. that comes very, very cheap, certainly inside of, you know, six times ebiebitda. that's the story for me on disney. it's hard to

. >>> julia boorstin with a market flash on warner bros. discovery. >> shares are down nearly 4%. they're off nearly 5% earlier on guggenheim saying warner discovery has an nfl problem because it doesn't have nfl rights. considering warner bros. discovery screaming growth ambitions, guggenheim saying tbd could look to acquire a company with some nfl rights. saying paramount and fox are the most likely targets. the company building free cash flow to prepare to acquire companies with shaky prospects and malone tagged paramount in particular. saying many warner bros. discovery shareholders hoped the company could be an acquisition target for comcast, so this news is, quote, likely to be met with disdain. you see shares off about 3.5%, carl. >> julia, thank you. >>> amid a weak consumer, meantime, let's turn towards savings. according to blackrock, only 46% of workplace savers feel on track to retire versus 68% just two years ago. still roughly 57 million americans who do not have access to an employee sponsored retirement plan like a 401(k). they have launched a suite of etfs. joinin

our julia boorstin is here on what we should expect?with nelson peltz preparing for another activist move against disney, investors are eager to know how bob iger will manage the slower-growing parts of disney's business. this is the first time that disney will report under its new structure, which for the first time ever breaks out sports, giving new insights into espn. we're looking for an update on streaming and whether that division is still on track for profitability in a year, also for insight into the advertising market. the future of the linear tv business is, of course, a question after disney's battle with charter. and at the theme parks, we'll see if consumer spending is holding up after some price increases. disney shares are down about 8% since bob iger returned to ceo nearly a year ago. they're down about 24% since nelson peltz called off his activist campaign against disney back in february. so this quarter, the company is expected to grow revenue 6%, and earnings by 134%. wells fargo saying, quote, we foresee an action-p

. >> julia boorstin has an interview with bob iger coming up at 4:00.ld benefit from consumer weakness but compass points high rates should pressure and loan de dequincys are a risk. are you a buyer? >> i'm a value oriented guy. companies that lose this much money, i want to say buy but i'm hesitant. a lot of analysts are so poo poo on affirm. affirm is not a commodity. they have a unique business model. amazon picked them for b2b for a reason. people don't like math and affirm, you at least know what you're into when you're doing these payments. so i think people are analyzing the stock wrong. the issue though, we've got to hear from management about operating earnings. we have to see when they'll turn a profit but i think fundamentally, people read the stock wrong. >> let's move on to instacart. legally maple bear. reporting their first ever earnings. analysts are concerned about market share as uber and door dash and the grocers themselves are all jockeying for ecommerce. price sensitive consumers may opt out of delivery. shares down 9% from the $42

. >> julia boorstin, matt, i'm going to have to write you about shows i'm hoping to come back thingstranger things." we'll talk about that later. appreciate it. >>> also today, sag-aftra president fran drescher will join katy tur to talk about that deal, tune in for that, 3:00 eastern time on msnbc. >>> still ahead, one on one with israel's president, what he's now saying about the difficult decisions of war and his country's right to defend itself, that's next. country's r itself, that's next. i was stuck. unresolved depression symptoms were in my way. i needed more from my antidepressant. vraylar helped give it a lift. adding vraylar to an antidepressant... is clinically proven to help relieve overall depression symptoms... ...better than an antidepressant alone. and in vraylar clinical studies, most saw no substantial impact on weight. elderly dementia patients have increased risk of death or stroke. report unusual changes in behavior or suicidal thoughts. antidepressants can increase these in children and young adults. report fever, stiff muscles, or confusion, as these may be li

julia boorstin has more. >> social media advertising is projected to drive 10 times more holiday shoppingess this holiday season than traditional marketing according to insider intelligence. this is thanks not just to influencers and ai targeted ads but also to amazon. amazon is now partnered with pinterest and meta and snap, so shoppers can buy directly from amazon ads within those apps, by logging in to their amazon accounts. and writing that the amazon partnership will help met were a to better analyze which products and ad units create the most clicks creating more personalized ad experiences. meta is offering other advertisers its new ai tools to optimize ad buying as well as targeting. while it is also testing some new generative ai tools to roll out next year. >>> meanwhile, tiktok is taking a totally different approach. with its own tiktok shop, which launched in september. with 200,000 merchants. selling directly on the tiktok platform. well, meta is focused on building up its ad business, and using amazon as a partner, tiktok wants its own e-commerce shop, in competition with am

julia boorstin joins us to explain. good morning, julia. >> reporter: carl, that's right.a to do their holiday shopping than ever before. this year nearly half of gen z say they plan to shop on platforms like tiktok or instagram. this according to a shopify gallup poll. this holiday season is not just a test of the appeal of ads and influencers but also the power of ai to create and target ads. and os, it's a test of amazon. amazon is now partnered with pinterest, meta, and snap, so shoppers can buy directly from amazon ads within those apps by logging in to their amazon prime account. this is designed to keep users engaged rather than swiping elsewhere while making it seizure for amazon ads to drive purchases cs which could increa amazon ads. meta is also offering its new ai tools to optimize ad buying and targeting while its testing its generative ai tools to create ads to figure out how to roll them out broadly next year. tiktok is taking a totally different approach. instead of partnering with amazon, it launched a tiktok shop in september with 200,000 merchants. consu

. >> we'll watch closely as bob iger joins julia boorstin after earnings. >>> tomorrow i'll cover, asdia's investor day. and we'll have exclusive with the company's chairmon, john malone, greg maffei, the ceo. and chris winfrey his first interview as ceo of charter since the agreement was struck. and also jennifer witz. >>> fisker hit some all times low. phil lebeau is tracking the action. a lot of this revolves around production guidance. >> with regard to fisker it's pushing off earnings doing it next monday instead of this had morning. let's start with rivian and the company doing better than expected when they reported their results after the bell yesterday. a couple of things stand out, they boosted their fourth quarter production guidance. narrower than expected loss. and they're continuing to lower the loss per vehicle, every vehicle they make. here's the ceo on squawk box this morning. >> the vast majority of our customers are coming out of internal combustion vehicles, on the order of 80% of our customers have never owned an ev before so it's exciting to be the brand to be th

julia boorstin on bumble. >>> pretty muted open here this morning. dow up 41.. sector wise a bit of a mixed bag today, although the vix awfully close to 15 this morning. we'll take a break and be right back. (swords clashing) -had enough? -no... arthritis. here. aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme. >>> the president is talking about how, you know, free speech is so important which is why we've done nothing on students shouting free palestine from the river to the sea, which is known okay, you know, if people were talking about lynching members of the black community that would not be permitted speech on campus. we're saying let's throw out lbgtq people, let's, you know, throw them off into the sea. we just -- that would not be permitted speech on harvard and i can't imagine permitted speech elsewhere. the fact it's allowed to continue okay and the university does nothing, that's when, you know, what started out as legitimate criticism of israel and there's

julia boorstin sat down with ceo bob iger in an exclusive interview and joins us now with more hey, juliahan expected earnings as the company expanded its cost cutting target by $2 billion to 7.5 billion. streaming subscriber additions of 7 million were more than double expectations while the company narrowed losses in that d to c division. bob iger expects streaming growth to continue and he sort of walked back his interest in potentially selling the company's linear networks. he said they're seeing more value there than they did initially. as they look to take espn direct to consumer, they say everything is on the table. >> we have been considering various strategic options for each of our networks, not necessarily all together, but each of them we do that as a matter of course for all of our assets, we're aiming to increase shareholder value obviously. >> espn was broken out in its own sports division for the first time, a 50% increase in operating income as iger works on the future of espn and sports >> we obviously are planning to take espn out on a direct to consumer basis we feel g

julia boorstin joins us now with more on that good morning. >> that's right, andrew.lso struggling with a saturated market, never mind the production disruptions because of hollywood strikes netflix shares have added the most new subscribers, 24 million in the past year that might be why it's promoting products based on its shows rather than doing discounts like the other streamers. all of the streamers including netflix have hiked prices. they average a 23% cost increase, so now most are discounting. hulu is offering its ad-supported plan for $1 a month, $80 saving if subscribers commit for a year. max is $3 from $10 for the first six months pair edmonton plus is offering all new subscribers alt a 70% discount and peacock is offering new subscribers a premium tier $20 for one year we'll have to see how consumers respond to this push to lower costs, ad supported plans, and longer commitments andrew >> this is all for new subscribers or are you going to try to see people change email address and effectively step down >> most are for new subscribers. some are for new an

julia boorstin has the fallout. >> apple spends tense of millions of dollars on x along with ibm, disneyomcast, nbc's parent company, paused spending on x. in addition to musk's anti-semitic conspiracy tweet thursday, media matters published a report showing x placed ads from major brands including those that pause spending next to content that touts adolf hit lir and his nazi party. musk responding to media matters on x late friday night saying "the split second court opens monday x corp. will file a thermonuclear lawsuit against media matters and all those who colluded in this fraudulent attack on our company. media matters company responding, admitted the ads at issue ran alongside the pro-nazi content identified if he does sue us we will win. and a blog, created and alternate x account deliberately followed sensitive accounts to curate posts and get advertising to appear on the account's timeline to then misinform advertisers about placement of their posts. x suffering from advertiser concern about brand safety since musk took over the couple just over a year ago. insider intelligenc

. >> julia boorstin, people are watching football game in town and they will be buying stuff at the same >> happy thanksgiving. back to you, becky. >>> thank you. we talked about how retailers are flooding e-mail inboxes with ads for deals. we teased after that that you thought there are ways it could be good for the economy. >> i want it. the biggest problem for the economy everybody believes is inflation. lower prices are good for the economy. it is a roll back. a challenge for the companies. some companies will make money in a more competitive environment, but having a competitive environment, bringing down prices. i disagreed with one of our economists that i didn't get a chance to say earlier. said, good add proond products the problem. services are the problem. you can still have goods that go down 1%, 2%. jan jan wrote me and said don't make conclusions about the -- you and i have been doing this for -- do you want to admit it? >> no. >> i don't either. decades. liesman's economic rule number 101, don't he is somebody is not going to buy until you know the price they're not going