could be reigning supremest this isn't a flash in the pan this isn't speculation he has everything needed disney to be at the very top of the game under the global player he's nineteen years of age we've known about him for a good eighteen months maybe even more to two years. is owned by monaco but he's on loan to p.s.g. passenger man. as we talked about before it's a public secret that this deal is going to go through the summer and it's going to be the most expensive player in the world now what we saw today was it was fantastic it was something that we've been longing for for a very very long time someone to come up with a performance someone who's promised something to was and hasn't quite delivered yet. and he did it killian that part it's a way to live an unbelievable performance and we saw the first goal that we pick the ball out of you know ten yards outside his own box and just made this incredible run where he showed everything that he has got in his log and showed great taking the incredible skills. extraordinary balance and then that pace the pace is just you know i'm trying to think

needed disney to be at the very top of the game unbelievable player he's nineteen years of age we've known about him for a good eighteen months maybe even more to two years. is owned by monaco but he's on loan to p.s.t. a passenger man. as we talked about before it's a public secret that this deal is going to go through this summer and he's going to be the most expensive player in the world now what we saw today was was fantastic it was something that we've been longing for for a very very long time someone to come up with a performance someone who's promised something to was and hasn't quite delivered yet. and he did it killian the pop it's a delivered an unbelievable performance and we saw the first goal that we picked the ball out you know ten yards outside his own box and just made this incredible run where he showed everything that he has got in his log and showed great taking the incredible skills. extraordinary balance and then that pace the pace is just you know what i'm trying to think back to someone that i can sort of like me into intensive pace with the ball it was just a

they need disney to actually say, along with fox, that we're done in some sense or to give that signalng to wrap up in a rapid way which is not clear to me. if you were comcast and you're looking at let's call it july 20th is the final date you really could make a counter bid for the fox assets because the vote is on the 27th, it's unclear how this is going to work, joe and that will be really interesting to see in terms of to your point, do they publicly come out and say we're backing off. >> but that was your reporting yesterday was that the motivation to go all out which would be -- wouldn't be -- to get to where murdock -- >> it depends. >> what's the price? 49 it's awful. a price that puts comcast as five times -- >> i don't think they get there, if you went to 42 even, joe, and you assume the rsns after tax, you get 16 billion in proceeds, you're still levering up to almost 4 1/2 times potentially on the comcast balance sheet. they've done it before and there was a time when cable was leveraged even more than that. if you want to get to a higher number, yeah -- >> you still see j

porter: disney needs an international footprint. they have theme parks all over the world, but they do not have content and distribution anywhere outside the united states. sky offers a significant share of distribution capacity not only in the u.k., but across and to a certain extent in india. and disney is very, very eager to expand its brand over the top and sports. sky had a number of major sports rights for the u.k., and that fits nicely with the package of sports rights that espn owns. a fascinating take. thank you for joining us, porter bibb from mediatech capital partners. i'm now for the first word news, and we will get the word from courtney donohoe. union isropean preparing to strike back against american tariffs. bloomberg has learned that the block is preparing a list of u.s. goods to be hit with protective measures. the levees would apply to about 20% of the volume of goods the u.s. imposed tariffs on, and they would be imposed if the mission to washington next week failed to persuade president trump not to raise our t

the question that listeners or viewers, need to think about is is disney playing for the short-term and worrying about leverage, or are they looking at the long-term game and did they really want to go for it across the entire world, not just in the u.s.? vonnie: rich, the closing date for the transaction should be in 2019, so what does the combined disney fox asset look like? will we see layoffs, synergies? ish: i think the reality you have a tremendous amount of overlap. you are talking about $2 billion plus of cost. $2 billion is probably 5000-10,000 job cuts. it will be a tremendous amount of job bloodshed that will happen as a result of this. there is a lot of duplication between the two companies, and a lot of integration work to do. disney has not really laid out its direct to consumer plans and how fox will fit into it. as you think about investors, all eyes will be onwhat is disney's actual plan. the launch is about 60 months away and i think that -- 60 months away and i think that everybody will be wondering what it will look like, how they will market and price it, because th

back in the l it might not be enough to actually get them the prize they sought and the belief disney would needcounter it needed to. the timing advantage disney has on anti-trust, as well you put it all together and the belief, i think, it's fair to say in the comcast camp you would have had to go to a high number it would not have been a responsible thing for comcast. i think it's fair to say is seen as highly unlikely that comcast will come back with another bid to counter again the $38-a-share deal that disney has in place to e acquire the fox business they have a recommended deal from the board, at least of sky at $14.75. in fact, as you might expect, comcast now much more, if not solely focussed on winning that battle and it is in light of that, as well i would note it was filed late on friday. timing wise it was done not to hide but simply because the comcast bid didn't come through until thursday but it is worth noting something that was not in previous filings from disney and the partner fox when it comes to sky and the language is as follows, in the 8 k about six pages long. it says 21

andeo, is keen on with his broader battle, perhaps comcast does not need this and does not need fox as much as disneyst may be willing to come all of the firepower for sky. the pawn in the contest is sky. in idaho, what is the best guess ge? was there any resolution coming out of that conference? rebecca: comcast has until friday to submit its bid for sky shareholders, so there is some time pressure there. if they need to come back and make a statement in the next couple of days. there is not a firm time limit when fox puts his offer to sky shareholders, there is 46 days to respond. murdoch has made a statement to brian roberts, and he will probably be bumping into him in the hallways of the conference that could make it a little bit awkward. isk: are you saying it feasible that comcast could win control of sky, but disney could win control of fox? minus sky? an idea it is certainly that has been floated around, that sky and comcast could carve section.dia iger wantsow that sky, doesn't he? much he yes, but how wants to pay is getting too crazy care tory -- into crazy territory. mark: what a great st

even if passed, it would still need congress approval. >>> a disney theme park attraction will soon close for good, a bug's land is being replaced with the new marvel superhero land, the last day for a bug's land is september 4, the superhero attraction will debut in 2020. >>> today at 9 am, writing across america for the second time, we speak live with the man making the track. >>> after the hello kitty craze, san rio is back in the bay area, we are here as a new pop-upappears in san francisco. >>> and getting your children away from screens during the summer months, we look at the toys that could do the trick. >>> 9 am, welcome to the 9 am, we hope your friday is starting out well, if you are along the coast in san francisco, you are seeing a lot of great, if you are far inland you are ready to go to the neighborhood swimming pool. thanks for joining us, we have lots of news to get to, we will start with this terrible incident that is developing here in the midwest. we have new information to bring on a story that we have followed in branson, missouri. in the past few minutes, rescue an

disney do with hulusome. >> well, they will own 60%, as you pointed out. they don't really needu hases 20 plus million subscribers right now -- liz: hyper-valuable. >> absolutely. so my -- we're at the epitaph of a shakespearean drama between brian roberts and bob iger. they fought over the fox entertainment assets, they're going to battle right down to the death on sky. and when hulu comes up for grabs, which it will because disney doesn't really need it, my suspicion is that bob iger's going to hold brian roberts up to a very steep price to buy hulu. liz: well, comcast doesn't want to walk away bloodied and empty handed, obviously. >> no. liz: brian roberts wants sky. >> they're going to have to get i hulu, but it's going to be -- liz: you mean sky. >> comcast will get hulu. but bob iger wants sky because disney doesn't have an international footprint, and they don't have anything outside to have u.s. in streaming. they have espn, and they're going to have the disney channel streaming, which is going to be huge. as i said, a serious competitor to netflix. but sky gives them 23

fox and disney don't need to raise their bid. they could wait before raising their bid for sky.is the fox transaction, they wait for the shareholder vote. they get that down and get that fully moving forward and then come back and try to raise the bid higher on sky. >> we have seen disney up $20 billion on the fox assets. if they now get into a protracted hitting war for the sky stuff against comcast is any of this sensible? are we seeing them chronically overpay here? you already own 39% of sky. comcast would be overpaying for 100% eventually. disney would only be bidding for the other 61%. that they don't already own buying fox. you have that aspect. at 39% you don't ask a control the cash flows. if disney wants to control the free cash flow of sky, the only way they accomplish that is buying the rest of sky. anything is possible. i find it strange, they took the maher, they kevin carved out a new division for him. division, the key asset that would go into that, what seems to be the hallmark asset of that new division seems strange. hard to believe disney goes through this ef

disney and fox need to decide do they increase their bid for sky to take on comcast, which has the highestffer on the table for the british pay-tv company. guy: what are the scenarios here? let's assume comcast continues to be interested in sky. what we've got to remember is ofdoch has a decent chunk sky shares already. could that murdoch position become a minority position with comcast taking over the rest of the business? how would that work? i am wondering the various mechanisms that will work around and the implications of them. see thatyou could scenario and when comcast came in february and made the offer for sky, it was conditional on comcast getting that 51% majority stake. was comfortable with disney were fox owning the 39% stake fox still owns in sky and holding onto that. realistically, it is probably unlikely to see disney hold on to that stake and comcast probably would want full control of this distribution business to do what it likes with european business. customersbillion around five countries and integrate that into comcast's broader media empire. guy: you wonder if a de

disney weekend. >> maybe you just need someone watching your back. gerri: man the wasp does to the south of the weekend box office. i guess bugs are big money. we will have all the weekend winners. "fbn:am" starts right now. train 25:01 a.m. in new york. monday, july 9th. i'm cheryl casone. gerri: and gerri willis in for lauren simonetti. cheryl: a lot of breaking news. i have to tell you that second sequel to the ant man supposedly is hysterical. gerri: that's about my speed. cheryl: a lot of breaking news this morning. officials in thailand resuming the operation to rescue the remaining poison their soccer coach from a flooded cave. they lashed the region once again to replenish air tanks along the route. before they go into. 4:00 in the afternoon in thailand waiting for updates right now. >> boys have been trapped in a cave for more than two weeks. a diver died last week while preparing for the rescue mission. meanwhile, elon musk is testing a small tiny submarine that can be sent to thailand. showing being tested at the swimming pool at amazing.

would come back for fox, but ak, the fox file to their proxy where they added this language about disney neededt and it might not give that content to increase any download for any further increase in the bid for sky. they're at 14. comcast is at 1475 the quote from roberts congratulating disney is more signaling. i was able to actually call bob iger and read the statement to him this morning he didn't know about it. so he said, "thank you for the call you can report that you read me the statement and now he's telling me this is an exciting development. we will now focus on gaining regulatory approvals, closing the deal, and integrating the assets." >> david, did he say something nice about brian roberts, in turn >> no, we didn't have a great connection when we were on the phone. but he said, holy cow, i think was a nice way to put it yeah it was full -- came full circle for me, from the original story, to being able to tell bob that comcast has stepped down if you want to step back, we got to go back to almost a year ago when rupert murdoch and bob iger began that romance, if you want to call

also coming up a collection of disney theme park memorabilia is being auctioned next month in california but you'll need some deep pockets to take some of this up. this is the business i'm going on for centuries in times of uncertainty people have hoarded gold and even today remains the reliable crisis currency or at least it used to be because despite the threat of a global trade or gold has been tumbling in recent months why is gold suddenly so weak when it bounce back. it's a spectacular find this gilded silver death mask has the archaeology world of bonds the rare and ancient artifact was discovered last week in excavations in egypt on the face of all money. the mask is clearly worth far more than the gold and silver that is made of both these precious metals have recently slipped in market value the price of gold has plunged it's dropped over six percent since the start of the year causing much head scratching usually in uncertain times like these gold is seen as a safe haven. and there are currently fears of a trade war between the us china and the european union for example. the banking debt and

which is raised the heard on the street they need chinese approval for disney and fox and as you mightn what happened with qualcomm and nxp, people say maybe it won't be as easy a ys you think. there seems to be a great deal of confidence on disney's part they'll get it done. with the ainnti-trust authoriti. >> i believe they will but, david, when i read the statements from the chinese government about the anti-trust problems of the qualcomm/nxp deal there were none. >> no. >> i mean, yes, they didn't qualcomm -- one of the undercurrents we didn't want qualcomm to be more powerful they had a trust bust teddy roosevelt approach but that's a real stretch. otherwise that was just not a good call versus all the other mergers they just always said fine to. >> we speculated on what price nxp would inhabit after the deal broke. we have our answer, i guess. $95. >> your interview was powerful. >> yeah. >> with clemmer last week. they have a lot of cash buying back stock there's a possibility that nxp, we were concerned about, might not be able to get a lot of apple business because the tie up

disney or at&t scale they need to get bigger for sure, but these are two building blocks that would definitelyter together. i think hopefully as we look out over the next six to nine months, they finally do come together because it has been crazy how they have been yearsng over the last two on a transaction that makes a tremendous amount of logic. >> the market seems to be cbseing with you because as shares are falling, viacom shares are going up. explain to me why bigger is better in this instance because paramount is not a strong studio and is not embrace successful. why is cbs going to make paramount stronger or viacom stronger? cbs is facing headwinds. they have to renew their contract with the nfl. they are a relatively small company. look at companies like at&t warner media now. nbcanies like comcast amazon facebook etc., cbs's ability to compete for sports content is going to be challenged as they move into the next decade when all of these rights become available, cbs needs greater scale. having more cash increasing free cash flow through a creative transaction would make a tremendous

would have a much easier time digesting it, not to mention the fact that it needed some kind of global assets, far more than disneyhis point, which already has a global business. >> and so given those expectations and the needs of each company, is this the way it should go in your sense? in other words, disney conceivably should back off on sky in one way or the other and therefore comcast should also similarly not bid again to acquire the fox as sets? >> well, if you're doing some game theory here, what comcast should probably want to do, if it believes that disney is going to top any bid it makes for the fox assets is to bid higher. it weakens disney, it makes it less likely that disney is going to authorize fox to go higher in the bidding for the sky assets and so i think there's some value here if comcast really believes disney is going to pay a higher price, make them pay the highest price they possibly would and that certainly puts some sort of a crimp on fox's ability to acquire the rest of sky. at the same time, i think if fox is to some extent caught as a minority shareholder inside of a comcast owned sky

even if passed, it would still need congress approval. >>> a disney theme park attraction will soon closeand is being replaced with the new marvel superhero land, the last day for a bug's land is september 4, the superhero attraction will debut in 2020. >>> today at 9 am, writing across america for the second time, we speak live with the man making the track. >>> after the hello kitty craze, san rio is back in the bay area, we are here as a new pop-upappears in san francisco. >>> and getting your children away from screens during the summer months, we look at the toys that could do the trick. >>> 9 am, welcome to the 9 am, we hope your friday is starting out well, if you are along the coast in san francisco, you are seeing a lot of great, if you are far inland you are ready to go to the

most of that disney product is already tide up in netflix, stars, fox product typed up at hbo. they needeate an enormousment of a original product, taking an enormous amount of cash and they have to think about that before bidding higher for sky. >> tom thank you for analysis. we appreciate it. >> thanks for having me. >> you bet. >>> microsoft lower after the earning after the bell the shares up, tripling in the last four years under the ceo. ou you buy the stock ahead of the results we'll debate next. because, when you really, really want to be there, but you can't. at cognizant, we're helping today's leading media companies create more immersive ways to experience entertainment with new digital systems and technologies. get ready, because we're helping leading companies see it- and see it through-with digital. >>> welcome back to power lunch. i'm sara eisen and this is trading nation today we watch microsoft dipping into negative territory ahead of the big earnings report later today. the stock is trading within a hair of all the high up more than 22% are to the year what's the best w

disney came back with a higher offer that comcast for the assets. will be something comcast needso think about carefully. they could push higher to force disney or fox into a different negotiation. it is very integral to those negotiations. francine: matt, does this take three months, four months or longer? matt: i suspect we will hear something from comcast in a the coming days. francine: regulators? tomorrow, the u.k. government will rubberstamp the fox bid. that was subject to media plurality issues and seems to have been resolved. but the formal green light does not come until tomorrow. francine: is there a read across? i do not know if you look at media in general. alex: is more on the scale issue. amazon,at netflix and they are only going one way. the scale operations, sky are the target because of that. this is the only way it will read across, because unless you are big, you will not be involved. francine: you like media stocks? alex: the winner has been technology, not media itself. if you are avoiding the hardware side, getting into this area of media software is working

it they did come out -- they did come out and say disney and fox may need again.ndard language. don't count them out because the have been in the filings. david: have a great time at the hilton covering two shareholder meetings. thank you for being with us. alix: do you know what floor of the hilton? david: the ballroom level. alix: coming up, president trump says he will be happy if the number comes in above forward out. above four.in this is bloomberg. ♪ . ♪ ♪ alix: this is "bloomberg daybreak." i'm alix steel. equity markets going nowhere with dow futures off by five points. earnings taking the dominant factor. twitter leading down. calm dollar wants to grind higher with the exception of dollar-yen. gd -- gdpinto the print. gdp. a second annualized 4.1% is not as high as estimated. the estimated was 4.2%, but the first quarter was revised higher. blowing itnception out of the water coming in at 4%. byelped that quite a bit redoing my wardrobe, so you are welcome. quarter on quarter coming in at 2%. sequentially lower and missing estimates. david: the president

for that cash and stock deal to ahat disney the something called the chain system applied in the uk, still being debated and getting the final word you're going to needpay more as well for the 61% proportionally and interestingly disney's -- 28 to 38 that actually already took place and their bid overall, disney's bid overall for the fox as sets. when you back up, these prices are getting high on all fronts, disney itself, if you back off the rsms, assume they get about 8% cash flow, they're paying as much as 22 times for the remaining assets that is a big price. if you're comcast, looking at that, wondering if in fact you want to go higher, and how much higher in your all cash offer do you need to go in order to make it that the shareholders of fox would not look favorly on disney it's an open question, is there a chance here, that if you make that bid, that disney will publicly back off in doing so, and therefore allow you to own 61% of sky, with the possibility that disney will sell you the 59% that fox owns, and maybe you can even work a deal for your percentage of hulu down the road we await a potentially higher bid from comcast for those sky as

disney company oh president. rubio is on the ticket and i see though and this is when this is needed for india the. first place but there's so much that i can tell you that. i can believe you love me show us can get a new life you know and it can. separate out it wouldn't this it was he who said this in two thousand and eight three years have to taking power when i list formally announced his government's radical new policy in the fight against drugs it will be international belletti that it will be an i was going to be eligible this is he'll get it they get it he does it that he thought it was. but if you. don't know the letter. that was put kulik book of that look ok the files. and economy to keep. it will more or less is now the longest serving president in bolivia history as progressive policies have struck a chord with the average bulletin. board and he's a full of million for senate in the english but also like i was like i was like if way more than that but in the photos they came back from if you don't look then they got. some you know in those ice head of bolivia santa drug agency. like pr

he is ready to go against the netflix of the world, with disney in 2020, but in order to do that he needsand that brings them to rupert murdoch and tony for century fox. alix: if you're just joining us, here is the news. comcast saying that the company will not plan to pursue the acquisition of 21st century fox assets, but will focus on the recommended offer for sky, which is 14 pounds, 75 pence per share. "i ceo brian roberts said, would like to congratulate bob iger and a disney and commend the murdoch family and fox for creating such a desirable and respected company." remember on june 20, fox's board said it would prefer to stick with disney's offer for its entertainment assets, as disney raised the bid to $38 per share. it has been the saga of bob iger versus roberts, with roberts now backing out and bob iger free to follow up on the bid for fox. still with us, art hogan, paul sweeney and erik gordon of the university of michigan. what happens now? what is the next step? paul: for the board of 20 for century fox to meet on july 27 further -- for their vote on the disney deal. so, tha

negotiating, by working deals, maybe with disney and maybe with other people we'll wait and see third, they have now balance sheet in shape to do everything they needdo for their core business which is broadband distribution of content and likely emergence of 5g now you can look at disney as a company. there are questions about earnings as they switch to direct distribution, but they have so many great assets, they have a call now that probably the best way to the extent that we have online sports betting in this country, they're the best way to be exposed. through espn and espn plus, you'll be able to see just about any sports event that you want because they have the technology to show it to you. now you can start looking at disney again >> morris, julia, thank you guys david, nice to put an end to this particular chapter. >> i will be sorry to say good-bye to it, it has been fun. been a good run. >>> coming up, the commerce department is holding a hearing on auto tariffs. we'll get a live update. >>> and later, pandora -fnd tim westergren is with us. is as easy as dates,, done! simply enter your destination and dates... and see all the hotels fo

need to be right. mr. trump has also invited putin to washington. >>> disney announcing all theme parks except disney tokyol be ditching plastic straws and stirrers by next year. they are pledging to reduce sire foam cups, reduce shopping bags, cut in room plastics >>> six former major league players inducted into the hall of fame this weekend festivities begin today in cooperstown, new york, including the parade of legends tomorrow and induction on sunday. >>> you're up to date. that's the news update this hour back downtown to "squawk alley." david, back to you >> thank you, sue. >>> the economic envy of the world. the president touting his pro-growth policies with release of second quarter gdp numbers. we'll be joined by roger altman for in depth analysis of the number ♪ it is such a good time to kiss ♪ ♪ it is such a good time to dance ♪ ♪ it is such a good time to [ laughing ] ♪ scoobidoo doobidoo ♪ scoobidoo doobidoo [ goose honking ] ♪ [ laughing ] a bad day on the road still beats a good one off it. ♪ progressive helps keep you out there. >>> president trump taking a gdp victory lap, crediting regu

disney world. i will be with you melissa, i will always need you, love you, want you in my heart, mind and soul. a huge impact on you. he didn't come home? >> no. no. and it was kind of a catalyst to get something started that has lasted now for 12 years, called snowball express, which started in anaheim, where a few folks wanted to honor that request to take that family to disney, and it turned into about 800 families that first year who it lost a loved one. then there was a second year and a third year in anaheim. american airlines got very, very heavily involved to fly these families to disneyland in anaheim. i got involved the second year. this was 2006, the first year that it was done. 2007 i got involved, brought my band there. been involved ever since. we moved it from anaheim to dallas because that is the hub of american airlines and american was ramping up their sponsorship. flying all these children to this event. i mean they donate 12 airplanes to fly the kids from all around the country to this event, and it's turned into 1400, 1500 kids every year, it was in dallas for nine years an

disney films in real life very pretty. when the sun goes down the show begins with the spectacular fireworks does need is so famous for cinderella's castle turns into a gigantic backdrop for the characters from the lion king. i love to say the famous looney tunes line here that's all folks but that was a one about as production. either way we have come as of the end of the show is said to remember to get your final fight is in if you want to be entered into our prize draw this week you can win yourself a wrist watch we're looking for photos of you at your favorite amusement park so keep them coming face the deadlines foster approaching i don't forward saying though i'm on it for to saying you will again tomorrow a bike now run. along the next edition if you remember. being sued kings of musical creatures in the mediterranean sea all the money just mere mortals knowing how to channel the enemy more and more women and men take part in open sea mating classes to learn how to apply through optional sporting the tail of a fish fabulously fishy forli next time on your own next. the bombing. of. the boat. the boat. the be. good. news. go

disney and 21st century fox in the pipeline, and for distribution. people like netflix beginning to nibble away at home turf in places like the us so they need to get mored quickly. in sky you have the number one european pay tv provider. germany, uk, italy, austria, ireland, spain... basically all the plate in one go, massive european distribution and that is precisely what comcast, what 2ist—century fox wa nt what comcast, what 2ist—century fox want and what disney want by its takeover. price becomes secondary to scale and that is why we are seeing that intense heat of war for sky. president trump will arrive in the uk around lunchtime today to begin what's being described as a working visit. that will include a black tie dinner with 150 business leaders hosted by theresa may, at an undisclosed location, with bosses of some big companies like unilever, glaxosmithkline and goldman sachs. but what will the mood in the room be like? ben thompson takes a drive around london, in style, to find out. they call it the spatial relationship and the businesses on both sides of the atlantic that has meant sales, profits and jobs is it still important today? i am

disney, 21st century fox, and streaming services. more competitive headwinds. time warner. that is why they need to drive content. tom has a good point. it speaks to why netflix had to spend at this rate. any dip in content, you could see speed bumps in the quarter. and the international buildout. content will be so key for netflix. you put it all together and you have disney on the horizon. in 6-12l be a key months of for netflix to navigate some of these linear headwinds. like what we saw this quarter. the comfort that it is a speed bump and not a negative trend. netflix is burning through cash. even as the stock price climbed. netflix's fastest-growing expense is not content. the wordou do not have of mouth that everyone is talking about and getting excited about, you need to get the message out. you need to keep it top of mind because there is so much competition in streaming. and the world cup has also been, or could have been a factor for some people who were tivo -ing that. if you want to get the message out, you have to get it out somewhere and it will come from marketing. stocksand other tech have gotten

they do not need to come with the bid to compete with disney's $38 half cash/half stock deal to acquireoday or tomorrow. but soon the annual retreat begins at sun valley. >> are you going >> i'm not. >> why is that the world cup? >> i was there like 18 or 19 years ago. they let me in and i did the great interviews and the next year they're like you can't come in i've never been asked to moderate becky will be there. >> julie. >> and sorkin, i think, will be there. we'll have some insiders telling us what is going on. and maybe if they see bob iger and brian roberts chatting together in the hallway, they'll let us know. >> that would be fabulous. >> i don't know that's going to happen i would think probably not my guess there's going to be a force field keeping them apart. >> really? like a marble. >> rupert will be there, too who knows. maybe rupert could sit down with brian and iger that doesn't work well for rupert he wants the highest price we'll see. comcast could come back as late as next monday, if they chose to if you come with a high enough number, they have to move the meeting.

scarlet: absolutely, and there is another deal we need to keep in mind as well, comcast and disney both for 21st century fox's assets. explain how these two overlap and heavy influence one another? ed: let me try and break that down. so you have sky, which is now being bid for by comcast. guy also want to sell itself to fox. fox wants to sell itself to disney. comcast also wants to buy fox and own them both. is murdocheresting has made his hand very clear. he wants to do a deal where he sells the fox news assets to disney. that would allow him to do this guy deal, because the government murdoch can buy sky, but it is contingent on him exiting the other news asset by the deal with disney. comcast coming into the deal with sky, it is a question to they just want guy because it helps them expand internationally, or do they want to buy that because it throws a smattering to the works with mr. murdock's plan? obstructing in other words. spective,n roberts' per the head of comcast, which is a priority? what he first century fox or sky? -- 21st century fox or sky? ed: i think sky is what they

the only questions now are disney strategy in terms of integration, closing the deal, of course, they neednd they still need the eu they have the doj approval the integration. then they're rolling out these important platforms ott platforms direct to consumers and how they're going to do it people are wondering is three too many are they going to piece it down to many different silos? should it be one service those are things that investors will be focussed on in the future. >> intel shares, by the way, are trading lower sharply by more than 6%. the concern on the data center revenue. that was a miss. it was up 26.9%. it was a miss of about $100 million on that revenue side and, also, the next generation 10 nano meter chip this was an issue because they kept delaying the roll out of the new chips originally supposed to be rolled out in 2015, if you can believe that and now 2018 and now 2019 the pc with the new chips will be there. so we're seeing a sharp decline in shares of intel. >> and the interim crow comie -- ceo coming on squawk alley >>> the coffee giant starbucks plans to increase

need to create parts tha are. w wan to say they witita budget of over $10100 million, d did you e to fight?? >> no, disneney invited me to do it. theyeyanted me to put a disney spin o on the storyry and we wet into it wiwith a spirit t of creaeating a new spin on a a timeless story. >> is hollywood changi with felele directors? >> i think it t is starting g to think about changing. londo talks wit hollywood's greatanand soon-to-be great it did notot ansr my questn.n. whare ththe far fewer wome directing films? ♪ >> can youou name threfema directors -- female directors? >> u u >> c can you name e female direrector? >> noo. r rimes. shshda [buzzezer] no, and it is unfortunate. >> no. >> jodieie fosteter. >> a good actress and director. what is your name? salma hayek. >> that ththey not go veryry we. begeg, oneoscars woman have won the prize for best film. kathryn bigelelow. ♪ >> i thinknk it is time foa man's point of v view. don't you? asked people if they could name three femalale directors. hohow do you thihink tha w went? >>>> they could not n name one. >> the mood feels difffferent in hollywood, especially after the scandal sincnce october wiwith harvey w

disney to compete for those assets. comcast had been $65 billion. this needs most recent bid topped $71 billion.ntinuing to pursue other interests. larry haverty joins us now. it is good to talk to you. this seems to be quite a surprise, even though every time there is news of conquest that's comcast, the stock would go down. is this comcast bowing to investor pressure? i think there are two aspects to it. one, brian has always been very responsive to the market, the forany, i have watched them 30 years and had marvelous relationships with investors. certainly, the market relentlessly and methodically pushed comcast stock down. where i thought, when it was hitting is a 52 week lows, it was really preposterous given the quality of the company's assets. the second thing is that fox had a big-time advantage. they had regulatory approval. the shareholder vote is set for next friday. there is time and money. as you learn lesson one of finance, time is money. handt picked the burden rather than one in the bush. time was weighing against comcast. i think brian did the intelligent thing. the market has

needed. startw organization may on november 1, 2019. we will talk about media when we return. disney'sreams are coming true as comcast drops its bid for fox. this is bloomberg. ♪ anna: good morning. this is "bloomberg daybreak: europe." a live shot of tokyo for you where the dollar begins to see a little bit of movement. storya continuation of a we've seen a little bit already. breaking news coming through this morning. numbers coming through from remy cointreau. , $242from the drink maker million, broadly in line with estimates confirming their guidance. let's check the broader market action. maria? >> good morning. let's take a look at what the asian markets are doing as we wrap up the week. nikkei down and the almost 0.5%, but the focus in china is now up by 0.7%. we could be seeing the first gains in a week. chinese equities have come under pressure this week. i want to move over to my next chart, but continue to stay in china. that is the yuan. i want to bring your attention to my yellow box there. it is the gap between the onshore traded yuan and the offshore traded yuan. this is

the chill it will send overall in terms of large technology deals that need anti-trust approval in china. or even deals like disneyw they may say they're not worried at all putting the two studios together but if nxp doesn't get approved, everything becomes more worrisome. so nxp is well beyond the fact there's a lot up and a lot down, potentially, for investors it's about the larger issues going on between china and the u.s. >> the stock was down a couple of bucks when i walked in today. right now it's down a little bit. david, why did the president and his team not get a quid pro quo? >> i don't know the answer i don't have great insight into exactly what it is mnuchin and ross have been trying to negotiate or not, jim. i think there was an expectations it would be -- and by the way, still got some time. there is still tomorrow. >> you mean like we have sympom time it's 9:42 a.m. you're talking about potential malmstrom of selling at 10:00. >> not tonight if you go in tomorrow without anything, i mean, you know. >> i'm going to say up because of you i'm going to stay up. >> you don't have to stay up tonight. >>

disney. now comcast they say we want to buy sky. the assets. buy there.there, fox is it's a really complicated picture. -- main players are .ere you guys needs, something better to write about. sorts as you say, this is moguls,tle of media what is the end game here? let's start with comcast and brian roberts. >> i think for them sky is a price. i want this expand their international business. sky would get them there immediately. they can foresee closing that .eal. not the deal that murdoch want to do. they want to do the deal with disney. outlined the solution roles.here's legacy skyink it's comcast do this deal and, it will be interesting shareholders respond to it. emily: report. we can imagine many intense conversations. what else is coming up in sun valley? think the interesting thing is that you have lot of these deals that we're talking about because we have so much pressure from the tech industry but also other forces traditional media. jeff bezosg, accuracy -- i'm sure there will be discussions going on how the will shake up. you have the political backdrop and his outcoming summit with putin. he was talking about the sort of is going on.g the

disney california adventure park. >>> chairman of the board. what needs to be said? nothing.ten to the words here. >> this will counteract any of that friday the 13th stuff you have going on. frank sinatra, look be a lady tonight. one of my favorite frank songs. and thank you for the request, gina. if there is a song about looker superstition that will get you going, go ahead and hit me up on facebook, twitter, insta graham, use the hashtag ktvu news. >>> the time is 7:23. there is a warning about eating cereal. while -- well, you may be having breakfast now. the cdc says don't eat honey smacks. the popular cereal has been linked to a salmonella outbreak. it has made 100 people sick and 30 -- in 33 states including california. kellogg's makes honey smacks and says, throw it away. or take it back to the store and get a refund. >>> mike donalds is removing salads from some restaurants. that is after more than 100 people became sick. the illinois and iowa help departments are investigating an outbreak of a parasite that causes stomach illnesses. that might be linked to salads. m

needs tn any longer. there's hulu, and what disney will unveil. >> it's a forecasting problem, not a business problem.idelity, our online u.s. equity trades are just $4.95. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today. where we're changing withs?. contemporary make-overs. then, use the ultimate power handshake, the upper hander with a double palm grab. who has the upper hand now? start winning today. book now at lq.com. there's nothing more important than your health. so if you're on medicare or will be soon, you may want more than parts a and b here's why. medicare only covers about 80% of your part b medical expenses. the rest is up to you. you might want to consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like any medicare supplement insurance plan, these help pick up some of what medicare doesn't pay. and, these plans let you choose any doctor or hospital that accepts medicare patients. you could stay with the doctor or specialist you trust... or go with someone new. you're not stuck in a

whether or not the takeover panel needs to say anything it's quite a complicated set of events but, basically, the argument goes among certain shareholders that because disney raised its offer for fox by 35% they expected to see a linear application of that raise to fox's plans to buy the 61% sky did not already own. because of where we are and the fact that comcast has a superior offer right now it is unclear what it means for the takeover i do believe that we will see comcast offer document release which will provide further insight into its plans we are keeping an eye out for that >> if you are a sky shareholder are you laughing all the way to the bank remember the first buyout offers came the stock was about half of where it was right now >> it's incredible it's absolutely incredible for the hedge funds that piled into this stock, seth carmine and a few other big names, they are either the luckiest or the smartest it's hard to tell which is which. sometimes it it doesn't matter they are sitting very pretty on huge gains in short time and fundament aal scarcity not the fair value this is an asset that gives you 23 million consumers across europe it gives

corner of powell and post, where they are used to be disney animation for many years and something else before. it is actually empty and i think we needto start talking about how we want to deal with this. i am not taking a side of the particular applicant to, but i have my concerns. in the absence of the neighborhood not being here to participate in this conversation, i make a move to approve this, yet i would ask that we, as a commission cannot continue our own conversations on this matter. >> president hillis: we can add that. >> commissioner richards: second. >> clerk: i'm sorry, who made the motion? commissioner richard -- commissioner richards. on the motion to approve this matter. [roll call] >> clerk: th the motion passes unanimously 5-0. this is item 1 15 for case number 2017. one front street to. a conditional use authorization. >> good afternoon president tillis and commissioners. i am with the department staff. the hmo for you is a request for conditional use authorization to establish and legalize a nonretail sale and service use of the ground floor of the subject building located at one front street. specifically the gro

need to see where that settles out. so we're not telling anyone to go after a slew of assets here, because fox, disney and a few other assetsnt >> comcast is up as well, i know it's run by your partner craig moffett. is this also a positive day for comcast, and does sky make sense to you guys as moffett says in terms of an acquisition? >> at first we would say that comcast fell way too sharply on the back of this news, starting back in january. so we would say, it really overcorrected on fears of al location we would say on that first question, yes, the stock should bhe higher, we don't love this idea for comcast, as much as comcast wants to pitch this as the next nbc, as a better asset than satellite we think that american investors will look at sky in a more negative light than comcast does so in a perfect world, the stock's going to rally, but the asset, the requiring of sky is going to put a cap on how much higher this thing would go >> i'm not happy to hear that. michael, thank you, as always, appreciate you phoning in and giving us your insight >> thanks. >>> when we come back, former white house advisor steve bannon

disney and comcast have. the firepower and the appetite. guy: the regulatory side of things, can i differentiate in terms of value? do i needdiscount for the regulatory risks that 20 century fox has? the risk in the u.k. is pretty much diminished 20. tomorrow, fox has offered to sell sky news. the revelatory risk of the u.k. has been reduced to almost zero. we will get confirmation of that tomorrow. in the u.s., you have the question of whether disney will be allowed to buy fox and will comcast be allowed to buy fox. boththis -- both risks -- its there has some regulatory risk. thanks so much, joe mays. let's take a quick look at where the markets are. we spent a long time talking about nato. european markets stabilizing down. circa 1% this morning. the metal stocks feeling the pressure. a big selloff in the mental space overnight. we will continue to watch what happens there. this is bloomberg. ♪ guy: 54 minutes past the hour. you're watching the open. time for battle of the charts. you can find these on tv on your bloomberg. maria versus christina. >> i'm going to bring you star power. juventus has finally made it of

need to know before heading to the beach.(ken) don't go away...hour three of kron 4 news in primetime starts right after the break.break.after the starts right something incredible is here at disney california adventure park. it must be epic! thrilling! daring! come ride the incredicoaster. it's going to be simply exhilarating, dahling. come ride the incredicoaster. ♪ ♪ if you have recurring constipation and belly pain, talk to your doctor and say yesss! to linzess. yesss! linzess treats adults with ibs with constipation or chronic constipation. linzess can help relieve your belly pain, and lets you have more frequent and complete bowel movements. see if you're eligible to get 90 days for as little as 30 dollars. do not give linzess to children less than 6 and it should not be given to children 6 to less than 18, it may harm them. do not take linzess if you have a bowel blockage. get immediate help if you develop unusual or severe stomach pain, especially with bloody or black stools. the most common side effect is diarrhea, sometimes severe. if it's severe, stop taking linzess and call your doctor right away. other side effects include gas, stomach-area pain, and swelling. so say

the bigger picture, too, if disney ends with fox will they end up with a sufficiently large portfolio content they don't needst say $10 billion a year in streaming content if they do not end up with the fox assets >> thank you for weighing in on what has been a successful period here. >>> all right, retail has been on a roll during the first half of the year. and certainly up next we're going to look at whether any kind of a trade war could trip up the retail industry during the rest of the year 's> next find out how lebron move to l.a. is for merchandisers already. we're back in a moment let's begin. yes or no? do you want the same tools and seamless experience across web and tablet? do you want $4.95 commissions for stocks, $0.50 options contracts? $1.50 futures contracts? what about a dedicated service team of trading specialists? did you say yes? good, then it's time for power e*trade. the platform, price and service that gives you the edge you need. looks like we have a couple seconds left. let's do some card twirling twirling cards e*trade. the original place to invest online. >>> with the second half

needs. for me and my friends, a lot of people i know anecdotally, this is the best place to find best and newest content. they have an advantage, when you look at disney potentially launching a streaming service or hbo playing catch-up. i think netflix is far ahead. that will help them weather this storm i think. melissa: thanks, guys, appreciate it. connell: time being though disaster for netflix. we'll continue to follow through on that report, bringing in more details from it. susan is up in the newsroom following that throughout the hour. we'll go back to her for details coming up. melissa: speaking of disaster, amazon's site is crashing for prime day. don't fret. the deals are not limited to amazon. we'll tell you where else you can score big discounts instead of staring at puppy dog on your screen. connell: puppy it cute. calling on members of the trump cabinet to resign. calling the performance treasonous. scott all linger stationed in russia for a decade. maybe the president understands something that others do not. >> i addressed issue of russian interference in our elections. i felt this was message best delivered in person. pen to sign up f