loeb and got loeb on board for at least part of his vision.has a plan to, quote, restore espn to its growth trajectory this is a rejection of activist loeb's call for the company to spin off espn after he disclosed $1 billion stake in the company in august. now, loeb responding in a tweet, he tweeted a link to the comments, writing, we have a better understanding of espn's potential as a standalone business and another vertical for economy to reach a global audience to generate ad and subscriber revenues. we look forward to seeing mr. pitaro execute on the growth disney shares were up on news that they're more aligned. loeb and chapek have had conversations. chapek says they're considering folding hulu more into disney plus, on the heels of a weekend full of panels and presentations about what's next for the company's various divisions including the studio and the theme parks. they announced a list of movie themed attractions that are coming to the various parks and they also revealed some upcoming movie clips. you mentioned black panther and

. >>> and dan loeb is pushing for disney to spinoff espn in a tweet, the ceo says he looks forward to seeing how espn executes on growth and innovation plans loeb disclosed the stake in disney in august and announced plans to push the media giant to make a string of changes in espn spinoff one of them. dom. >> silvana henao, thank you. >>> to a developing story. china implementing more restrictions over the covid outbreak new restrictions in beijing limiting entry and exiting from the city anything to minimize community transmission ahead of the party congress next month. restrictions are tightening in the cities of shenzhen and chengdu. this is causing a growth outbreak concern growth will slow to 2.7% this year from the previous estimate of 2.8%. >>> futures pointing to a higher opening bell extending gains from last week ahead of the august consumer price index inflation report tomorrow this is the next report ahead of the policy decision at the end of the month joining me is ben emos who watches all things macro ben, we have action on both sides of the atlantic with interest rates

loeb, quite, often, because of his track record amy, you own disney. what do you think about it here? >> near term, i am not expecting anything great the company has good pricing power, and i think disney plus and getting direct to the customers from a long-term perspective will be great, but i think some money has to come out of media there's too many companies putting too much money into the sector right now, and i ultimately think disney is a winner >> yeah. we will get good insight a little later this week as well, when our own david sits down with bob chapek. that's this coming thursday and you do not want to miss that let's get to christina >>> three children have died after being found unconscious at a brooklyn beach monday morning, and the police are questioning the mother multiple family members said they thought the mother might cause the children harm. >>> now to tennis, and the youngest player to ever reach men's number one, and he defeated the number five player in four sets to win his first major. and tonight on cnbc and peacock, you can

he seems to be get dan loeb on board.loeb's call to spin off espn, part of a series of requests he made after he disclosed a $1 billion stake in the company in august he responded, tweet ago link to chapek's comments. he said we have a better understanding of the stand-alone business and another vertical for disney to reach a -- we look forward to see mr. pataro, espn's president, execute on the growth now to the proposal that they accelerate the timetable for the remaining stake in hulu from comcast, chapek say it's possible and they are considering folding hulu more into disney plus of course, it all comes as to launch much more movie-themed attraction and extend pixar beyond just movies mel melissa, cheeker is at d-23, feeling bullish and confident. >> julia boorstin, thank you >>> gwhat do you think of the plan >> i would hold on to disney espn, people say it's still an anchor i think espn could actually be a driver going forward, just in terms of where the world is going, with gaming and gambling, all those different

a huge part of the loeb thesis at the time. you need to spin this off so you can pursue gambling in part because of the view inside disney as a family owned company, you couldn't do that. does this open that possibility up and this to me is a tactical question disney's clearly brought dan loeb under the tent to some degree is he now regulation fd, is he is insider for some period of time how does that work he clearly had some kind of meeting or access to them in a way that most other investors have not again, what they told him and how that differs from what they told others? i don't know to me, it is something i woke up thinking about >> activist dan loeb that's a slow news day >> disney. big deal espn not sold off. >> i guess i don't care i like him he has a lot of money. he take stances. you think he will ever say andrew ross sorkin changed his mind on something at the top? i could see you being there more easily than any run of the mill hedge fund >> if the answer is espn is not for sale, that's pretty big news >> it is int

activist investor dan loeb has backed away from calling for walt disney's been off espn.e said he looks forward to seeing the sports network generate considerable synergies as part of disney. the disney ceo says this is critical -- espn is critical for the company. francine: we are joined by christine aquino to go through the week that is here in the u.k. very different. we know the bank of england, nothing will happen this week. they have postponed it out of respect for the passing of the monarch. we saw dated today, the country is having a tough time. >> the overall mood is somber for various reasons. particularly with regards to the economy and what to make of the future of britain. we are seeing that a lot being reflected in the pound. recovering a little bit here versus the dollar but in the u.k. bond space, how will liz truss fund the energy plan she is expected to deliver over the winter? will it add to the pile of debt? francine: that will play out on the bond market. >> we are seeing investors pricing for the increase in debt. the run-up in guilt yield across the

looking at labor force participation with sylvie loeb drescher lower labor force participation.want to look at wage growth versus inflation very high right now. we want to see whether that is impacting wage growth levels and how much workers are taking home. that will give us a sense of how tight the labor market is and how many jobs we add in the coming quarter. alix: in an ideal world you get labor force per dissipation rate coming up. people going back to the workforce not because they are getting laid off. go to be the perfect soft landing scenario for the fed. what do you think the reality of that is going to look like? kate: i want to point out labor force per dissipation had a little bit of a recovery immediately prior to the initial shock of the pandemic but did not change that much. it's been hovering around 62% or so for two years and is not made a lot of recovery overall. that shows us we have a little bit more room to grow and we are not yet overheated in the economy. even though we are back at our pre-pandemic private sector employment levels i think we still know t

loeb official in proclaim monarch this morning. -- -- >> i shall endeavor this will be with loyalty, respect and love. ♪ ♪ ♪ >> the anthem of a new era. the first official rendition of god save the king -- [inaudible] >> the moment have been dreading. you can sphinx of his grief and his first audience to the prime minister. a nation in mourning as tributes of the queen are paid across the country. >> i don't think there will be another monarch like her. i don't, honestly. i just hope that charles can live up to what his mother has instilled in. we took a look at how this morning's papers are covering the kings for speech. hello, good morning. king charles iii will be formally proclaimed the monarch today, that council will be televised for the first time in history. the king will make his declaration and oath in st. james's palace later on this morning. he'll be joined by the new prince of wilson queen consort, camilla, as well as the prime minister, lustrous and members of the cabinet. yesterday, the king made his first address to the nation, paying tribute to his mother, the queen

and something that investors may want to keep in mind there was a lot in that loeb letter but that'sind of at least what i thought was interesting and when i looked at the numbers, yeah, you know what there is a lot there we talked, obviously, about a lot of other things, including what they spend on content and espn and hulu, which we'll bring you as the morning goes along. >> that's a great report, david. one of the things i'm worried about, and obviously came up with your great interview is, the balance sheet really is bad here this is disney someone wrecked the balance sheet. and i think that that's got to be addressed this company wrused to be a blu chip company maybe some cost cuts can do it again, but where's the dividend? what happened here, david? >> the dividend is not something that they're focused on, it doesn't seem, jim, in terms of really reinstating a significant dividend because of what you just cited and also because of the focus on what right now is a business that consumes a great deal of cash, direct to consumer i mean, you know that. they're looking at, obviousl

obviously, dan loeb appreciating what bob chapeck is identifying as an opportunity for the company.ight come in the form of sports betting, but this is something to be excited about for the first time with this company. >> a programming note. don't miss a cnbc exclusive interview with disney ceo bob chapek tomorrow at 9:00 a.m. eastern time >>> i want to go around one quick time on media stocks jim, you own paramount a lot of talk about their streaming service, the viability of that, a lot of competition. where are you at with paramount, looking like it's hitting a 52-week low today. >> it's not a good week. the viability of the streaming business is perfectly fine the concern is they're having to spend on content i think it's a very short-sighted concern, because they've got $4 billion of cash on the zbbalance sheet and theyr free cash flow positive from their legacy businesses and things like studios are rapidly coming back. i think the market is just frankly getting this wrong the outperformance quarter after quarter, in terms of subscriber numbers and staying on track towards pr

position it certainly is now, where they're trading at $96 i'm not going to get out hopefully dan loebhe's attempting to do. >> would you buy more? >> i wanted to buy more. i'm not going to buy anymore now. >> okay. the other one's mcdonald's maintained buy, 280 is the price target weiss, i'm going throw this to you. i don't think we have any ownership of mcdonald's on the desk, but i would like your view on a stock like that in the here and now. >> you know, i think it's actually -- it's not the cheapest stock, but i think it's a good place to hide people trade down their meals from fast casual down to mcdonald's, so i think it's okay, if you have to own a stock, it's one that has great management and by the way, they are quick to act if management's not so great. so i like that and i like the board. it's one i would look at if i were buying stocks, this is one i would probably take a good, hard look at >> all right we'll do final trades after this quick break. i traded my taxicab for a food truck and a dream. i'm larry villalobos, owner of cachapas y mas, bringing venezuelan flavors

loeb official in proclaim monarch this morning. -- -- >> i shall endeavor this will be with loyalty,

attracted big-name deep pocketed buyers and renters like jimmy buffet, site vitamin water founder and dan loebe wide may not seem extreme. in the past year 10 mobile homes sold between $675,000 and 1.4 million. bottom line? trailers are hip for rich people and nowhere like the hamptons for my money though, neil, if i'm paying a million dollars for a place it better half its own bathroom. neil: you're in a pricey neck of the woods, right? reporter: i guess so. neil: location, location, location. gerri, thank you very much. suzanne miller joins us right now, love getting her read on things because she is expert on things new york, empire state properties founder and president. suzanne we were chatting during the break. this might be a steal as well, right? >> certainly shows that new york is not done having any problems as people are saying. if you think, take 600 square feet in the hamptons similar to new york city, right? 600 square foot apartment in one of these buildings, two bedrooms, one bath, expenses are low. it's a condo you own it. i actually don't think it is so bad. neil: 1/250 cost

and a master's in landscape architecture and was a loeb fellow in advanced environmental at the harvard university graduate school of design. he currently writes about history of national parks and their impact on american society. he is co-editor and, contributing author of a thinking person's guide to america's national parks and his column on national regularly appears in the journal parks. stuart forum. ethan is a professor of landscape architecture and director of the masters of landscape architecture program at the university of massachusetts in amherst. he is a landscape ape historian and preservationist specializing in public landscapes. three of his award winning books, wilderness by design, published in 1998, mission 66, modernism, the national park dilemma, published in 2007, and the greatest speech in history of cape cod national seashore, published 2019. describe the 20th century history of planning and design in the united states national park system as a context for considering their future car was the lead editor of the early boston. 1882 to 1890. volume of the papers of

. >> news out of uthes dan loeb backing off push for disney -- espn tweet signaled change in thinkingy stock up -- in premarket right now. well nfl football is back my cowboys were not dallas leads to tampa bay tom brady bucs 19, victory saw prescott leave in last minutes with injury maybe will sideline him a few weeks there goes my season. >> this stallers fans against bengals, t.j. suffering torn pectoral muscle walked away with win, mri scheduled today because opening season not winning in opener they tied houston, texas 20 to 20, a wide right of the goalpost, two minutes left. giants they won their season opener for the first time since 2016. to de'ing titans 21 to 20 a dance party brian got most attention on social media you guys go. nice. all right to tennis, carlos of spain winning first grand slam title u.s. open 19-year-old defeating casper rouxed in four sets first teenage male to reach number one in the world, number one seed on women's side, in straight sets to win first open women's final, sports is back, we've got baseball football tennis wrapping up, so much to watch. m

espn, by the way, has been the focus of investors in recent weeks after activist dan loeb wrote to chapekstuart: amazon, they've been expanding their film business for a long time. i understand they're spending an enormous amount of money. how much are they putting out there in the film business? ashley: $15 billion. but, you know, amazon has a different approach to entertainment than every other major company in hollywood. people are trying to figure out its strategy. it doesn't fund tv shows to make money from them, at least not on a stand-alone business. it uses entertainment to lure you into its ecosystem and then market other products. now according to bloomberg, if you include sports -- amazon expected to spend $15 billion on programming this year -- it's comparable to what netflix and others will spend. but analysts say amazon prime video has struggled to define itself. as netflix and disney stress over new shows attract new customers, churn at amazon, by the way, almost nonexistent. one thing is for certain, amazon can afford to play the long game. last year it generated 470 # bil