joining us now is paul sweeney, bloomberg intelligence director of north american research. is the summer going? pollack: t summehas been a little disappointing. paul: the summer has been a little disappointing. hollywood is running down several percentage points. there is a concept brewing, sequel fatigue. some movies that came out as sequels, movies like "ghostbusters," sequels that have worked so well the last five or six years are not doing well this year. so some moviegoers say, listen, if you want to bring us a sequel, a franchise movie that you can bring back time and again, you really have to deliver quality, because we are not going to go just because it is a proven commodity. that's kind of the issue of the summer. vonnie: it does depend on the franchise, and on the director, and how it all coalesces. what could start out as something great can, after going through the grinder, and a different -- and of different -- end up different. paul: one of the rays of light was "finding dory," which had a great run close to 10 years after the original came out. but some of th

paul sweeney with bloomberg intelligence with us. adam parker of morgan stanley.m: when they reported earnings last year, they shocked -- they cited the fact that espn actually was losing subscribers. that really brought home the whole concern for media investors about the whole cord cutting issue. if it could affect espn, it can affect the whole industry. tom: i want to get to nbc and the olympics at the end of the block. there has to be an action plan to recover from that shock. is it evident? paul: what the company and the industry are doing is trying to make their content available on as many devices and platforms as they can. so you are seeing time warner make investment in hulu, which is kind of a netflix type competitor. a traditional media, replacing capital in the over the top type of business. disney is thinking about, what do we do with espn? is there a model to bring it directly consume -- directly to consumers over the internet where we can attract new viewers and advertisers and subscription revenue? francine: i love having you want because you make

joe: let's talk more about disney with paul sweeney, who follows the company. will investors be looking for tomorrow? paul: espn is a diverse company with lots of -- disney is a diverse company. they shocked investors last year when they reported that espn had lost subscribers. media stocks got massacred, led .y disney's exposure since then the market has repriced media stock because of concerns about cord cutting. what does it mean for all the cable networks out there? what were going to look for is how is the espn business doing, what is disney inking about in like of raising rates they've been doing since the beginning for espn, and what is going on with the subscriber count? and do they have a plan to take the espn content, something they've been reluctant to do. obviously there are long-term risks, but over the last your, the cable companies have reported stronger video results, as we all know, people have been signing up for their individual channels. is that going to help things stabilize a little bit? paul: people started to say the cord cutting thing is

paul sweeney says the synergy from those acquisitions may be more than they'd hundred million earlierle at the nasdaq. joe: china's economic data showing some positive trends on producer prices, consumer price is, factory deflation, all of which points to stabilization for the economy. some saying china is not out of the woods just yet. michael, thank you for joining us. it's china data week this week. what is your read so far? do you see signs of stabilization? >> one funny fact is we are expecting better than expected data. we still have three years of falling prices. with that said, it's starting the trend in the right direction. there was one piece of bad data we should focus on and that was in poor. generally a bad sign for the domestic economy. still not seeing a lot of robust demand. >> what do you -- that might be a sign of diminishing slag in the economy but what do you attribute that to? >> you still have a slowdown in china so we are trying to balance the economy away from industry, more toward consumption but it's a very hard into do. what's really stabilizing the economy

matt: paul sweeney bloomberg intelligence, would you think of the results?> topline numbers solid. managementings call, speaking to investors, they will want to talk about the media networks business, specifically espn. a year ago this time, this is when disney shocked investors, talking about the decline in espn's of drivers, which brought the concern. the industry has stabilized a little bit. washed out, but investors very much want to hear about how subscriber numbers at espn and how that is impacting affiliate growth rate. scarlet: disney buying a minority stake for $1 billion, does that blunt some of the concerns? not: it shows disney is afraid to make investments into the digital side of the business. you want to protect your core business, core bundle of cable networks, which have been so profitable for so long, but at the same time, making investments in the digital side of this is because that is where consumers are spending more time and where the advertising dollars are going, so if you are a traditional media company, you have to play both sides

we reached out to bloomberg intelligence analyst paul sweeney.t has been sloppy and investors may be looking for the tried-and-true somewhat -- atat a somewhat better price. >> but the nasdaq every higher, what stands out as a notable lack creating the tension in the market? abigail: one big loser on the day right from the beginning is trip advisor. shares are down 9% at this point after tripn lows advisor ms. second-quarter earnings and sales estimates. a pretty big miss. year-over-year decline in growth. isall of this, terri gold saying that chip adviser tripped up and missed relatively low bar estimates. he sees a modest downside for the stock. on the other side, we have mike olson at pipers saying this miss reflects a transition around the company's business model. over the longer term, he believes the business model transaction will be successful. he raised his price target to $95 per share suggesting that trip advisor could climb by nearly 50% at current levels. it could prove to be an interesting stock for investors today in -- investors t

joining us now is the head of media research paul sweeney. this is an interesting move.e mind of the ceo. >> i think he is figuring out that his business is tied to the big cable bundle. he gets paid a lot of money by the cable operators. it also has to recognize that consumer behavior is changing. consuming content in different ways and getting more and more over the internet. he finally said i need to hedge my bed and put some chips on the table and take this stake in the hulu. continues to hulu grow subscribers and services, they need to have a seat at the table. i was working at disney when we joined hulu. it rages -- it raises interesting questions about content. >> time warner is trying to make the case that they are not going to be exclusive and they will license their content to whoever pays the highest price. we have seen the media companies generally do a good job monetizing their content on different platforms different from what we saw from the music industry 15 years ago when they lost control of content. media companies are saying if netflix wants to pay, w

david: that is paul sweeney, thank you.han: for gentle hosts a 6% increase -- prudential posts a 6% increase. we will bring you a piece of bloomberg's exclusive interview with mike wells. this is bloomberg. ♪ go." this is "bloomberg i'm alix steel. coming up, leslie biddle discusses the recent rally in oil and more. emma: here is your bloomberg business flash. exporter's largest oil pumped a record amount of crude in july. saudi arabia produced almost 11 billion barrels a day last month when other opec members want to limit output to shore up prices. seven days of strikes planned against euro star. it would start on saturday and another set for later in the month. scheduling is over a dispute. drop inownplaying a prime tv viewing for the summer olympics. they released data showing the audience is being fostered by those viewing online. digital viewers accounted for 9% on monday. the opening ceremony attracted 35% fewer viewers than four years ago. alix: thank you so much. climbingl financial this morning after reporting ear

paul sweeney, thanks so much.obal head of equity capital markets at jpmorgan, was the inspiration for a new movie "equity." we discussed when we come back. this is bloomberg. ♪ david: this is "bloomberg ." i'm david westin and the hewlett-packard enterprise greener. tom petri, chairman of future partners, later on bloomberg television. coming up at the top of the next ."ur, it is "bloomberg markets how long can this equity rally continue? a: that is one of the things that we are going to be talking about with the head of asset allocation at the frankfurt trust. we want to talk to him about equities more broadly and globally in europe, but he has interesting thoughts on the dax index as well. that is what i'm going to be focusing on a little bit because we are seeing the dax heading for its highest close for the year. that is one of our guests. we are also talking to jeremy cut. we will be talking about the dollar. we spoke to him a few weeks ago and he was very much a dollar bill. we will also talk about the s