asking that question. >> i'm asking -- >> i'm asking -- >> how should i know how much capital nelson peltz but a peltz put means he's active in the market at a certain valuation. >> okay. >> but you can see how much capital he has. p it's not unlimited capital. he's a portfolio manager running a fund and has to have, you know, risk management skills. i don't think you can count on peltz continuing to buy with deep pockets like a warren buffet to support the stock. number two, i don't know how much value is inside streaming. it's losing money with no road to profitability in sight. look how long it took netflix to get there. >> but jenny let me finish. >> but jenny points out the value person looks at disney and says to the point jenny made, it's only being valued on the theme parks. right? >> the success of the theme parks it has much more to offer than the theme parks they can figure out how to turn the -- >> right. >> so my position on disney is, i would like to buy it. classic company. it's not overly expensive compared to historical norms at 0 times, but i'm not so sure the downside is

and that is something that nelson peltz was concerned about.erms of the share price and market cap in general, i think there are so many different pressures that are at play here and one is the fact that we have to remember that there was a writers strike that rely shut down hollywood for months. you have all the questions about the future of hulu, disney and comcast are in negotiations about how much disney will have to pay to buy out the stake in hulu. so still a lot of questions looming over the company. >> okay. we'll watch and see if there is an announcement. julia, thank you. >>> coming up, growing uncertainty in the markets and around the globe. should investors be avoiding any risks and going all defensive with their portfolios? we'll get some technical support next. that time to reflect. to be like wow... what did i do to get here? (city ambient noise) right. work. you worked hard and it's time for a bank that'll work hard for you. everbank brings security and a guarantee. that you'll earn a yield in the top 5% of competitive accounts.

allstate hired investment bankers on how to handle nelson peltz. shares up in the pre-market. >>> anti-d taiwan semi will rep results on thursday. this will reflect a strong performance from last year when it benefitted from the post-pandemic demand. the chip industry will emerge from the down down next year. >>> straight ahead on "worldwide exchange," tim cook is rea reaffirming the commitment to china on the crackdown on foreign tech. >>> if you miss us, check us out on apple or spotify or other podcast apps. more "worldwide exchange" coming up after this. with comcast business... it is. is it possible to help keep our online platform safe from cyberthreats? absolutely. can we provide health care virtually anywhere? we can help with that. is it possible to use predictive monitoring to address operations issues? we can help with that, too. with the advanced connectivity and intelligence of global secure networking from comcast business. it's not just possible. it's happening. >>> it is 5:30 a.m. in the new york city area. there is more ahead here

. >>> nelson peltz gets help in his fight against disney and ceo bob iger. >>> and after a whirlwind 72 hours, general motors is the lone holdout and they are paying a high price. >>> it is monday, october 30th, 2023 you are watching "worldwide exchange" here on cnbc >>> good morning welcome to "worldwide exchange." i'm frank holland. hope you had a great weekend let's check on the u.s. stock futures after the worst day for the dow in four weeks and worst day since august futures are in the green looks like the dow would open up 140 points higher. nasdaq .50% higher investors waking up with a lot to chew on for the week. 30% of the s&p 500 reporting earnings just barely a tick below last week where we should hit the earnings season by the end of the day today. names of berkshire and mcdonald's and caterpillar and apple reporting. also the bank of japan rate decision and the uk rate decision on thursday all that capped off with the october jobs report on friday. ahead of that, we are looking at the bond market. ten-year yield at 4.85%. the two-year yield above 5%. 30 30-year yield abo

. >> still to come, nelson peltz back pushing for change at disney. after a short break. (♪♪) it's inspiring to work at a place where our patients succeed. and where we as therapists do, too. with great benefits from principal, our clinic shows they truly care about us. (♪♪) >>> arm holdings getting quite a few bull calls today. a slew of analysts initiating coverage and are optimistic about the chip designers growth. that's what deirdre bosa is watching in today's tech check. >> 25 days since arm went public. that's the quiet period before the banks that underwrote the ipo publish research. in arm's case there were many of them. a flurry of notes this morning. i counted 10 altogether. every one of them a buy, that leaves just one sell rating from bernstein, not involved in the ipo and gives arm a medium price, a mean price, target of $63.43. $10 above where it trades today. the market has cooled on arm. the stock surged 25% on its debut, ipo day, but has paired back most of those gains. since i covered softbank i'm always interested in what this mean

eight months after nelson peltz declared the approproxy war oveh disney, the might may be back on. s one of the largest shareholders with the stake worth $2.5 billion and set to look for a board seat for peltz. if rejected, it could nominate the slate of directors which could be voted on during the annual meeting this spring. >>> it is not the big three, but volvo rejected a proposed five-year contract and plan to go on strike today. the strike covers 4,000 workers across pennsylvania, florida and maryland. the rejected deal included a 19% pay hike and $3,500 ratification bonus and improved retirement benefits and additional vacation for some employees. >>> a merger monday. bristol-myers squibb set to acquire mirati. shares closed friday at $60.20 with the company's market cap at $4.21 billion. frank. >>> silvana, thank you very much. we turn attention back to the markets now as the military conflict is lifting oil and safe haven assets like treasuries and gold and yen. let's get more from gina sanchez. she is here with me. thank you for being here. >> thank you. >> today is the fir

is there any chance that nelson peltz gets a board seat?e would be the biggest share shareholder, but not big enough to warrant a board stake. these things have a habit of gaining momentum. the habit of developing momentum particularly if the investor is putting forward a tangible plan for driving shareholder value. you mentioned, joumanna, the problem here is the stock is underperforming. it has performed for some time. it is incumbent on the company for shareholders to create value and reinstate dividends. >> they paused dividends back during the pandemic. that will be a big question mark for investors. let me ask you about streaming and the challenging with streaming. we have netflix earnings this week. that will be a bellwether for the sector. what are you watching out for there? >> i'm looking for more messaging around content spend going into 2024 because that's the variable cost which they have control together with marketing. they have less control over sub is de growth. the other issue is advertising in general will remain soft. th

activist investor nelson peltz is reing niggniting a proxy figh disney. those still near a nine-year low. "the exchange" is back after this break. ♪ ♪ >> this is "the exchange" on cnbc. 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. with gold bond... you can age on your own terms. retinol overnight means... the smoothing benefits of retinol. are now for your whole body. plus, fast-working crepe corrector diminishes wrinkled skin in just two days. gold bond. champion your skin. >>> welcome back to "the exchange." shares of disney higher after activist investors nelson peltz increased his stake in reigniting proxy fight concerns and the fund management is one of disney's largest investors holding 30 million

activist announcer nelson peltz his short-lived role as disney agitator acquiring more disney sharesouse to to an applicant others. it is expected to request multiple seats on the board including one for nelson peltz he attempted to get a seat on disney's board earlier this year after the privately rebuffed his request to become a director, he withdrew his nomination in february after disney unveiled the organization a cost-cutting plan that sent the stock up but it's been down since them in today with the news that nelson peltz is back in or ready to agitate is up 2%. a week after writers picked up the pins again the actors are back at the negotiating table with the studios. how much longer can the hollywood strike go one. billionaire haircare products turned tinsel to as a whole host of content he wants to produce. he is waiting on this. he is next on "the claman countdown". closing bell 27 minutes away, down industrial 174-point whether market much more comfortably above the flat line that they were earlier. s&p of 26, nasdaq better by 50 cents. ♪ (woman) what if my type 2 diabete

in corporate news, nelson peltz putting that pressure on des any. >> let's begin with the conflict overseas. israel recovering after suffering the deadliest attack. over the weekend immediately i don't know spoke out pledging support for israel. >> today the people of israel are under attack orchestrated by a terrorist organization, hamas. in this moment of tragedy i want to say to them and to the world and to terrorists everywhere that the united states stands with israel. we will not ever fail to have her back. we'll make sure that they have the help their citizens need and they can continue to defend themselves. >> so, jim, we'll watch the tape for headlines regarding lebanon and other places. might widen the conflict. >> i feel terribly for great ally of the united states. i don't want to talk about -- debate, having to talk about what seems like profiteering on a day like today but we have to do our job. i don't want to say this is overblown in terms of the market, the market is not coming down that much. i just think that when you hear about a long slog and you hear about what's obvio

our investments shape tomorrow today. >>> in corporate news, nelson peltz is pushing for a board seaty. the report shows his fund manager will request multiple seats for peltz. peltz launched a run for a seat on disney's board earlier this year, but withdrew in february after the cost cutting plan was released for disney. now shares are trading back near the lowest level in a decade. >> when bob iger was interviewed by david faber over the summer with plans, a lot of people said why is he saying all this so publicly? why announce he is thinking about this or that? >> or the assets are not good? >> or before landing the plane on actually making an agreement or deal or this or that -- this is why. i think there was an expectation if not perhaps the knowledge that nelson peltz was sitting in the wings or another activist would come or the best defense is to say what do you want me to do? i said i was thinking about it. strategic options are on the table. everything is on the table. that is the defense you would make to an activist. whether it is a persuasive defense is up to the market.

nelson peltz bought 30 million shares. there's a little nonanimosity here. at, this stock was at 200 in march of 2021 and it's now at 84 and i think that nelson peltz crafting notice that the stock is down huge and that that's probably not right. the idea that it might be iger, that it might be chapek, doesn't matter. the fact is the stock is down big. if we were in anything else say in sports, what have you done for me lately? absolutely nothing. i know that there's blowback when you say listen, the stock is awful. but, you know, you are what your record says you are. >> well, at least we got a sag-amptp meeting and they'll meet again tomorrow. another joint statement. people take that constructively. >> yeah. i think that that -- i understand when you see a stock down that much you buy it. you want to know what's wrong. >> how about tonight? >> carmax. they rarely due tv. and then damond john from "shark tank" who invests in a lot of companies and have great vision at all times. kept me in apple when it was at 30. >> see you tonight. >> thank you. >> "mad

nelson peltz agrees with me on disney. >> he does. >> he bought 30 million shares. >> he did.haven't heard from him since "the journal" had that -- >> he made an interesting claim to me. he said that the stock has been very bad and if bob iger doesn't like that, that's like empirical evidence. >> at least we got news today they're raising ticket prices by almost 9%. >> how do you like that? the theme parks are unbelievable, and i am told that nelson believes the theme parks are worth the price of the stock and you get all the other stuff, but you know, obviously, bob iger's, i think, working very hard to bring out some value. but i don't know if it's hard enough or fast enough. >> that is the question. and if mr. peltz does choose to challenge with not just a directorship for himself as he continues to want but for potentially a slate, it will be an interesting battle. >> why wouldn't you let him on? don't you need fresh set of eyes? >> they don't feel like his expertise adds to the board. that is what i think disney has said. >> david taylor didn't in procter, and then he lik

that stock shifting higher as activist investor nelson peltz increase his stake in a big way.break down what's at stake. ♪ upbeat music ♪ upbeat music i think i'm ready for this. heck ya! with e*trade you're ready for anything. marriage. kids. college. kids moving back in after college. ♪ finally we can eat. ♪ you know you make me wanna...♪ and then we looked around and said, wait a minute, this isn't even our stroller! (laughing) you live with your parents, but you own a house in the metaverse? mhm. cool...i don't get it. here's to getting financially ready for anything! and here's to being single and ready to mingle. who's ready to cha-cha?! ♪ yeah, yeah ♪ >>> we're in the "market zone." mike santoli here to break down the crucial moments of the trading day. and julia boorstin, a renewed push for disney board seats. and deirdre bosa. mike, to you first. a lot of green, nice turn. and i guess some relief for a bond market that's closed. but the futures are giving us a little bit of a tell. >> the repetition from these beneficials pointing to the same factor, maybe the fed has

that's the only thing bob iger can control in disney and this along with nelson peltz will force himo do that which i think is great for shareholders. >> it may send down a chill down the company's price at this point. laura, thanks for joining us we appreciate it nice to see you again. >> laura martin with nneedham. >>> how they're navigating this very difficult rate environment and a special commercial real estate edition of "earnings exchange." we heard from empire state realty ceo after their positive results. what about the rest of the space? morgan stanley's head of cre will join us next with what to expect, and as we head to break let's get a quick check on markets as the dow is taking a leg higher up 435 points or 1.3% and the outperformer looked at the gap between the blue chip and the big caps in the dow and the russ will 2000 small caps and the s&p and the nasdaq right in the middle and the ten-year still at 490 we're back after this. ♪ ♪ >>> this is "the exchange" on bc cn nice footwork. man, you're lucky, watching live sports never used to be this easy. now you can strea

is nelson peltz the answer? tim? disney shareholder, what do you say?> i don't know, because it seems that the last catalyst that peltz was bringing on was aggressive cost-cutting and trying to get to profitability, and that was good for a rally in the disney stocks, but we're stick around the big issues around disney. i think you do get back to valuation on disney. you get back to the parks business. the trailing parks numbers are fantastic. so, the trailing parks means that disney's trading, you get the entire rest of the company for free for what the ebitda historically -- actually cheap for the parks ebitda. i don't love some of the challenges ahead of them, but the assets are worth a lot. >> you ask the question, is he the answer? i don't know, but he's not the problem. he has an interesting history of being an activist that is really in it for a long-term. >> right. >> and so, he's done that a number of times. mostly with success. occasionally not. ge is one. but -- proctor & gamble, very successful one. so, i think -- i don't think disney can loo

breaking news, the journal reporting on disney, nelson peltz is boosting their stake in disney.llion according to people with similar what is good -- family what is going on, is a function of that that right now they will be pushing for more representation on the board. the headline is seats, that appears to be plural. there is a mentor -- window for shareholder nominations from december 5 through january 4, 2024. >> they took a stake for the first time in the second quarter here, and they are increasing that. we will be discussing the reserve bank of interest -- india's interest rate path after they stuck to a hawkish tone. we will be talking to their chief economist sharing views later this hour, but first, market strategy with our guest. this is bloomberg. ♪ ♪ explore endless design possibilities. to find your personal style. endless hardie® siding colors. textures and styles. it's possible. with james hardie™. (sfx: stone wheel crafting) ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still doe

no offense to nelson peltz and peter may, but again, sort of generationally you were the one ready to, and you were running the firm anyway, i should point out, but why not stay while the old guys retire? >> for me i was at the point in ply life and career where i wanted to do my own thing. nelson and peter are both very engaged, going out with their boots on, so to speak. it was the right thing to do. but just finishing up on my last thought, it's amazing how the industry evolved. i thought of it back then as reimagining the role of the public shareholder. when i was running an equity capital markets desk in the '90s the way the world worked was if you were an institutional shareholder in a public company and didn't like what was happening your only option was to sell. think about that, right. think how wrong that is. what we did was galvanized the other owners around a point of view on the company and brought world-class work product, we brought more capital, and, you know, it's really exciting to see how the industry has grown? all right. to the extent you've been part of the evolu

. >>> and nelson peltz has built a stake in an insurance company. this time at allstate. the report shows allstate has hired investment bankers to see how to handle peltz. allstate has not raised premiums fast enough to cover losses by paying out on natural disasters like wildfires and inflation has made it harder to replace costs. carl icahn did not publicly push for board seats or other changes two years ago. what nelson will do next is a big question. he is keeping the investment banking business in business at the moment. >>> when we come back, we have earnings alerts for you. we will hear from johnson & johnson and bank of america and goldman sachs. these are all happening this morning. we have other names out there, too. after the johnson & johnson report, we have a first on cnbc interview with the cfo joe wolk. you are wahisqwk b" tcng "uaox and this is cnbc. >> announcer: this cnbc program is sponsored by baird. visit bairddifference.com. what do you see on the horizon? uncertainty? or opportunity. whatever you see, at pgim we can help you rise to the challenges o

nelson peltz has more power in his corner in round two of the proxy battle, marvel executive ike perlmutterfering support as peltz pushes for changes at disney including board seats perlmutter has given a voting stake in the company which boosts the reported stake with perlmutter and now has four times as many voting shares as the first proxy campaign i'm not sure they would still win the campaign, but puts more pressure on the board and on bob iger >>> when we come back, israel began what it is calling phase two of the war against hamas over the weekend we will talk to james stavridis. "squawk box" will be right back. . enjoy richer, bolder flavors complete with velvet smooth crema. now brewing peet's coffee. when you need to prepare for unpredictable adventures... (gasp) you need weathertech. [hot dog splat.] laser measured floorliners front and rear. [drink slurp and splat.] (scream) seat protector to save the seats. [honk!] they're all yours! we're here! hey, i knew you were comin'... so i weatherteched the car! can we get ice cream? we can now. kid proof your vehicle with american made