that is thanks to nelson peltz. i think it is that moment in time where it's enough is enough, and i wouldn't be surprised if we look back and this actually a really pivotal time. i see josh twitching. >> are expenses the problem here? i don'think so. >> to me degree they are. >> let me interject. josh raises a good point, which ads to the next question, which is what does peltz want now? he wanted cost cutting. >> he got it. >> he got it, right? now maybe he wants something to ppen with the people who are doing the cost cutting. and is not happy at all with the current makeup of the board, obviously, and the current person who leads the board. >> that's fine. >> that is bob iger. >> that's fine. b be iger screwed up the secession pl. get this right. enough is enough. if you look at t earnings, by the way, the earnings expected growth from here, i know they're way off what they re, but it's pretty decent. earngs will grow 21% in '25. trading at a really scounted valuation. basically you could say just on the parks,

i'm waiting for peltz to make his case.ger who has been engaged for the last year in trying to turn the company, the strategic fortunes of the company around in any number of other areas. what is it he's not seeing he would like to see? by the way, cost cutting has been a key part of iger's second go round here, and that was something peltz was pushing for. i would be interested to hear him articulate what he thinks could be done that isn't being done and how he could add value beyond what is being pursued by mr. iger. >> we need a white paper. >> we do. >> there's hints here, daftsds, that investor confidence is low, but strategic missteps, i think -- >> that's in the past. it's like we know what he's trying to do now. >> he says even disney's ceo is acknowledging the company's challenges are greater than previously believed. >> without a doubt. i mean -- >> whatever it is, they're right about the share price, that even though bob iger has laid out a number of plans, it's not really done much to lift investor excitement ar

>> peltz still wants on the board, jim you tell me. >> there's a lot of things that are wrong. >> andisney does not want him on the board so, there is still a potential of a fight there i think there's a sense after this last quarter that disney is in a better position, certainly, than it was a short time ago we've reported on and talked about the fact that much of the stake the trian claims is really ike perlmutter's stock >> what's the matter with that >> they didn't put up their own money. >> who cares >> what do you mean, who cares >> how about this? the stock is down big, and ike perlmutter has every reason to beage agitated >> completely true >> he's outsourcing to nelson peltz. >> outsourcing what, like automatic data processing >> we've shared what we have on valueact at this point but they're an important shareholder here it's not one of the -- again, still, percentage-wise, not much >> the deutsche bank piece is talking about a turn >> yes, positive piece >> very positive piece, but look, i think that -- you get these guys the billionaire class. they lose a lot of money afte

this hour, disney prepares to welcome a new cfo as activist nelson peltz mulls his next move.t you need to know ahead of tonight's print. >> then, toast gets burned. cava's ceo will join us in just a few minutes with more on how the company plans to weather moderating restaurant sales. >> plus, a mixed quarter for teva pharma, results led by sales of its drug to treat huntington's disease. the ceo will join us exclusively later on this hour. >> first up, a check on the markets and the ten-year, of course. the market losing some early gains, going negative. if you look at the sector breakdown, you've still got strength in real estate, industrials, technology, and materials. looks like it's utilities, energy and communication services that are weak. nasdaq is also negative. i guess we might break the eight-day win streak for the s&p 500 if we remain lower. the ten-year note yield seeing some buying today, the ten-year, that is. and yields go down to 454. that relationship between stocks and yields continues to dominate the market narrative. this morning, ubs saying equity return

peltz and nominees he may put forward as mr. perlmutter was ousted.l and sa, cerinly interesting to note the flag of potential sour grapes there. >> disney is getting defensive. thank you very much. julia boorstin. the only point i would make, carl, and we heard earlier from trian and peltz saying they're going to take their case of change directly to investors and shareholders, is what peltz has going for him, what trian has going for them is the stock price. remember in february when he called it off, when peltz called it off here on cnbc, where was the stock? it was at $118. where is it now? in the low 90s and got to the low 80s. i think there's still some questions about iger's strategy. that's probably the case trian will make. >> even after all the communication from iger this week about marvel and the changing movie business and how they're getting aggressive on succession. but no details. >> not inspiring the kind of move trian and other investors want to see. >>> still to ce,om the ceo of kroger, trying to break a three-week losing streak. ro

i'm curious what that means for nelson peltz, which is he's an activist in the stock.in the interview kind of where things stood with nelson peltz, and he kind of said we've talked and not sure what he wants is there anything that at this point you think he should be asking for >> what he would say is, look, you brought in a new cfo from pepsi, who is going to be aggressive that's a well run company. disney has a transition. that's upside. cost cuts and slowing spend, maybe there will be asset sales there. i'm not really sure the market would pay off right now for any assets disney wants to sell. if i'm nelson peltz, i'm like they're doing what i want them to do and i sit back and say we're getting closer to what i want, which is a more efficient disney, higher profitability, better cash flow the stock is still too cheap let's give them a year and see what new cfo can do. that is a huge upside surprise it is. >> maybe next time, michael, we'll talk buyback dividend, a case cramer made this morning on our air. that's for next time thanks michael. >> thanks, carl. >>> wa

nelson peltz reigniting e disney proxy drama today. he requested multiple board seats after disney appointed morgan stanley ceo james gorman and former sky ceo jeremy derek this morning. this move coming after bob iger addressed the potential r a proxy fight at yesterday's deal book summit. >> there's a qualification level that is required to sit on the disney board, and the board will make the -- not me, the board makes decisions about who is qualified and who isn't qualified to be on the board, and if nelsoofficially requests a board seat, i'll sure the board will go through a process to determine whether he is -- where should have a role on the board or not. >> cnbc's julia boorstinas news on that and the dividend coming back. julia? disney is reinstating its dividend. paying 30 cents a share for the second half of fiscal 2023, payable january 10th. now, all this comes after nelson peltz's try-ia saying he will seek two or more board seats. he said that the addition of new members will not restore investor confidence or address the

anyone who thought nelson peltz is walking away, he's not. he is not.tfolio among the top stocks required in the past quarter, 1 million shares of meta. that represent 5% of the portfolio and 4.75 million shares of u.s. steel corporation. it was 2.3%. the group sold off 13 positions including ali baba and nvidia. profittaking for nvidia which yesterday closed, meta up down one% and look at the banks here citigroup and wells fargo moving higher by 2% or more. citigroup will begin laying off its employees as part of its corporate overall plan. affected workers will be informed starting today with more layoffs announced through early next week. in september, frazier announced 5 new divisions which directly to her report, resulting in the departure of a handful of senior executives. the news is not bunch better at wells fargo where the company plans to cut 40 to 50 jobs specifically in corporate and investment bank division and cutting the number of managing directors for cost cutting efforts. tech startup and darling wicks is on the rise after barclays upg

i'm curious how you think nelson peltz factors in. december is when he's cleared to start nominating his people for the board of directors. it is unclear how many seats he is after. you know, he had some impact before. it does seem, though, that bob iger has a list of goals and he sort of working toward them at this point. so, what's your sense of how that factors in? >> well, two things. first, i do think the cost-cutting is due to some of the activism by nelson peltz and some of the others who have criticized does knee for the spending, but iger is setting up a very nice contrast here. because he's putting fourth four specific goals that he has for this company, and a way to do it, where it's managing the costs in film, figuring out the future of espn, you know, making sure that they are -- they are cutting costs in other ways. ne nelson peltz isn't putting forward that plan. bob iger is saying, i have a plan i'm executing. what are you saying we should do? >> do you think we'll look back on these days, you know, whatever time perio

one piece of backdrop -- when peltz showed up the last go around, it was interesting to me.claimer from the buy-side of deep dissatisfaction with disney. it felt a bit off in the first go around and get still does. what we are talking about is all traditional media companies struggling with the transition to streaming. this is not disease specific. it is not -- not disney- specific. it is not completely obvious that there are steps to unlock value at disney. it will take time. that is why they brought bob iger back through 2026. it will probably take a year or two but what i sense from investors is they are looking at disney in the low to mid 80's. they are intrigued at these levels. most investors feel like it is too early to get super animated, but they feel like there could be a line of sight if they could turn the corner on streaming and make it profitable while the macro backdrop does not fall apart. matt: laura martin has said apple should buy disney. do you think there is any chance that one of these behemoths vies maybe not the whole company but a giant chunk of it c

the house of mouse announced a $2 billion cost cut amid pressure from investigator nelson peltz arabileining us. strong after hours numbers are people focusing in on disney plus >> it is adding 7 million subscribers when you expected 5 million is a good sign the business is moving well when they raised prices trying to keep up with netflix the first price increase compared to the rest of the market doing well and that is why you saw revenue go up the 5% it was in the other parts of the business where they seem to be faring a little bit better look, this is trading 17 times forward pe cheap compared to netflix. there has been persistently weak profit margins and stemmed from the direct-to-consumer segment there has been a mountain of debt no sign yet that bob iger's return has helped the business move forward there are signs strategies are beginning to work. they spoke about the cost saving of $5.5 billion to $7.5 billion. that is said to come not just from the 7,000 employees they already cut, but hopefully with the writers strike take away expenses you are taking advantage of that and

on that board. >> i think that nelson peltz wants to see what happens.re nelson, i would want to see what happens, because you did get good numbers for streaming, and i don't know. there's some people who feel like that the content was low-balled, given the fact that there was a strike, but the cost cuts are what nelson has been wanting, and the plan for cost cuts, $7.5 billion, are what nelson wanted. when you get what nelson wants, why should nelson challenge? >> you mentioned the strike, and certainly the sag-aftra national board is recommended approval of that, tentative. what do you make of this deal at ford and gm where some locals, jim, are narrowly voting against that tentative? >> it's just incredible how hard this thing is to resolve. and i know that ford is so anxious to put this behind them. they know they've got warranty issues. they know they now have a challenge from musk, but they really need just a break, because it's -- >> it's likely that this deal may not be approved? it's going to get approved. >> it will get approved. i think the is

but he needed help, iger, and fast. >> that's not going to make nelson peltz like it more.hat's a false narrative. >> that's an impressive hire, isn't it? >> i think it's a very impressive hire. i think hugh johnston can go anywhere. people would take him anywhere. really good guy, and he's much less divisive -- there was like a divisiveness about disney. that's got to end, the divisiveness. >> we'll be watching closely. >> it was like minnie vs. mickey, kramer vs. kramer. >> 4.2 times net leverage. little higher. >> it's that one line about ad revenue? >> and not getting the leverage down to where people want it. >> all right. >> that's all it takes. >> "barbie." who made the money off "barbie"? a adam aron? travis kelce? travis kelce named "people" magazine's sexiest man. >> wait, jason? the offensive lineman? >> how'd you know that he plays offensive line? >> for the eagles. >> well, all i know is that even howie roseman loved him. >> that's a weird segue, but all right. take a look at the premarket. so many names to get to. we're not going to get to them all, but we'll

hugh johnston and nelson peltz became friends, maybe or, or more aligned rather than competitors.s interesting that johnston is going to come in as cfo. nelson has been critical of the last cfo of disney, who is on the procter & gamble board as he launches this activist campaign against disney. i would also just add, you know, julia, that johnston has had some operational expertise as well. he's been vice chairman since, i think, 2015 or so. and really has presided over a pepsi that 55 quarters of beats, the track record speaks for itself. >> yeah. it will be interesting to see when we start hearing from him on the call, certainly the outgoing cfo christine mccarthy -- former cfo played a very active role on the call, breaking down a lot of the different numbers. disney is restructuring its reporting structure, so the way the company is divided up is changing. we're going to be hearing about more -- hearing more about that on wednesday. but so many different pieces of this disney business. going in different directions. if you think about the growth of the parks, the resilience of

iger says, haven't heard anything from peltz and i don't think anyone else has either and what does peltzing for a magic wand that's going to show the way to profitability in streaming. if he's got it, well, more power to him. if he does, he does not share that widely. i certainly haven't heard it. >> jim stewart. his magic this morning. appreciate it. thank you, sir. >> good to see you. >>> coming up, another -- another -- shutdown is looming. house republicans a stop gap funding plan to avert a government shutdown set to begin this weekend. we're going to talk to congressman andy harris for the latest. >>> later, talk to former kansas city fed for her take on rates, the ecomanony d "squawk box" coming right back. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. and sharpen your skills with an immersive online education crafted just for traders. all so you can trade brilliantly. that first time you take a step back. i made that. with your very own online store. i sold th

is it bob iger or nelson peltz? geetha: i think it is bob iger.orking hard a year now pit it's been a year since he came back. he has been looking to fix the business and he has done all that he can. of course peltz coming earlier in february and then iger coming back more recently has definitely helped expedite the process. but really i give full credit to bob iger and his team. alix: what did you think of the potential agreement for writers and now actors? geetha: i don't know the whole details yet. we know that one of the big holdouts was the use of ai and the actors pushing back on that. the studios obviously were looking at the streaming tariffs that the actors wanted. it looks like they've reached some middle ground there, the sag-aftra union was touting that they received one of the biggest increases ever -- not really sure if all the details, but it looks a finally some kind of middle round was reached. -- middle ground was reached. guy: geetha, let's talk about hulu. are we at the beginning of republic of media -- re-bundling of media? ge

the streaming sports and activist campaign from peltz, we'll talk to disney ceo bob iger exclu as soont is just a few moment away and they'l

you have to remember, of course, they're also facing activist scrutiny from nelson peltz.'s a lot of pressure to show cost controls are in place. he's done a lot of layoffs. nelson peltz and pearl mutter want to show he's succeeding with his digital transition while also keeping costs down. >> julia boorstin, thank you very much. >>> let's move on to semiconductors, also the chipmakers, leading tech gains today. capping off one of their best weeks of the year. to be nasty on a friday, i will note that that index, while having a great week, is now just back to where it was a month ago. boo. >> boom, boom. chipmakers, investors are breathing some type of sigh of relief today because after a few better than expected earnings report we had this week, i'll get into that, i want to reiterate the smh. you said it went back to where it was x amount of wooctionz ago but it's on pace for first positive in three weeks. that's the best since may. monolithic power, that's the big winner this week even though earnings fell in line with estimates. it's the a.i. demand and server cpu ramp

nelson peltz dropped the initial push for more board seats after bob iger came back on board and sharesours and have been up to present a 3% and the flagship theme parks delivered the biggest profit boost with earnings rising 31%. revenue in the division grew 12% . gains were led by 55% growth internationally, including some properties in asia. disney says most of fy 2024 growth in the parks will be in the second half and that they recommend a dividend by the end of the calendar year, something investors have been waiting to hear. haidi: we had a lot of announcements including netflix and espn. >> bob iger was on that call and says he is optimistic about the future and there were a number of announcements and say there is serious interest on espn partnerships and they are talking with netflix to license content, including -- excluding the core brand but a deal nonetheless and expect to see roughly $8 million in free cash flow in fy 24. disney shares have been under significant pressure recently and the magic in the mouse house evaporating of late and shares have been down 8% in the year

he sent to david gepan, nelson peltz, eric eric schmitt, formerly of google and the founder of dell.ey: we'll be watching to see what comes of this, thank you. on that note, take a look, surveillance video shows a woman smashing the window of a pittsburgh business after he -- she broke the window of a company truck. the owner of the business joins me now. michael, good morning, so sorry to see this happen to your business, we just saw surveillance footage, tell us what happened here? >> good morning, thanks for having me. last thursday evening after displaying a stand with israel sign for about a week, someone came to our building and decided they didn't like the sign and ripped the sign off and started pounding on the front of the building. the miracle of glass, the window did not break, which is amazing. the anger in the swings is deeply concerning for myself and jewish community. >> carley: you are right, there is so much anger and aggressions in the swings. people woke up living near there because they thought it was gunshots. >> carley: god is protecting your business in that re

remember disney has nelson peltz. i believe that they will deliver on their cost cut.a lot more rude to run. we are looking at $100 by year end. having heard from all four major independent media -- i think disney should be considered the best. if they hit the financial -- and fox comes in second. there is a lot to be said about that and, a lot of advertising. as for paramount global, they both suffer from the same problem and they have really terrible balance sheet sheets. we don't like money loser some bad balance sheets but warner's stock got covered. paramount is in even worse condition. i have -- in and right now, bob is a nice guy and has been around for a while but the business is still struggling. bottom line, it is worth reassessing independent media place. i like disney the most followed by facts and then warner bros. . mad money is up after the break. >>> coming up, pop open your umbrella and t up your toughest questions. we take a look at the lightning round coming up next. you know when you have those moments? that time to reflect. to be like wow... what d

they're catering to a very small piece of the public, and i think people like nelson peltz that's been his chief job is increasing shareholder value and increasing this piece of the poke population, he's -- woke population, he's not doing that. stuart: time for the trivia question and it's a good one. with no obvious answer, what's america's favorite ice cream? choices are vanilla, chocolate, cookies and cream or strawberry. murphy and ashley will give us their tentative answer when is we come back. ♪ .. liberty mutual customized my car insurance and i saved hundreds. with the money i saved, i started a dog walking business. i was a bit nervous at first but then i figured it's just walking, right? [dog barks] oh. no it's just a bunny! calm down taco. sit duchess. stop! sesame no no. archie! walter don't, no, ahhhh. ahhhhh! you're lucky you're so cute. only pay for what you need. ♪liberty. liberty. liberty. liberty.♪ stuart: a pretty good question. what is america's favorite ice cream flavor? vanilla, chocolate, cookies and cream, strawberry. ashley, you are always first. go. ashley: i

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

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

there's the stock up near 3%, moving higher on reports activist investor valueact we know about nelson peltz he has increased his stake in the last handful of months and now you have another what's it mean to you? >> i think it's good i don't wake up in the morning and say, hallelujah, this is the thesis i was looking for but it's lit a fire under management's butt. the name of the game is streaming profitability. hulu fits into this. they've said they'll be profitable this is to all the people who said linear is a melting ice cube and they will not replace it they are replacing it. i get it, we don't know what the long-term profitability will be but the last year, year and a half people have been looking at streaming as if it would never turn profitable. it's the reason the stock is going up >> jenny, you're in it, too. >> i agree with jim. i think it's interesting because not only has it lit a fire under management but it's pointing out to people there's a lot of value here the parks alone generate $10 billion in operating income. it's like trading at 17 times, just the parks i like all th

billionaire nelson peltz and his fund management are planning their own nominees to the board next yearmassed a stake of more than $2.6 billion in disney. from the united states to write back here in europe, austrian real estate group sigma has filed for insolvency in vienna. their former chairman and austrian tycoon was dealt a better blow yesterday after a last ditch attempt to raise emergency funds felder. it makes the co-owner of new york' chrysler building the latest ands one of the most prominent casualties of europe's property crisis. let's take a quick look at some of the events we are watching out for. more inflation data on the docket in the euro area this money, including cpi print from france, italy, and the bloc as a whole. we will bring your coverage right here on bloomberg television. at about 1:30 pm u.k. time, that seems to be the hour that matters for traders. we get a check on the fed's preferred inflation gauge, pc deflator, jobless claims, and keep an eye out for the fifth banking supervision forum in frankfurt. some crosscurrents perhaps from what the federal reser

bob iger versus nelson peltz as they add them morgan stanley ceo to the board of disney.gnment with ike pearl motor who was outed by disney. bob iger sharing more on that. you wonder how iger was thinking about that because he took steps to reduce costs within the disney structure. now we are maybe getting to a conversation where we will have more to talk about. iger dismissing the idea of tv network related sales of assets. we are getting to the bigger questions that we will watch closely. we are watching the story of artificial intelligence player openai offering tender shares for employees next month. ed ludlow has been chaffing -- tracking the details on that one. this is bloomberg. ♪ that first time you take a step back. i made that. with your very own online store. i sold that. and you can manage it all in one place. i built this. and it was easy, with a partner that puts you first. godaddy. a few years ago, i came to saona, they told me there's no electricity on the island. we always thought that whatever we did here would be an emblem of what small communities can

iger was not asked about his battle with nelson peltz although i'm sure it will come up in future board> you would think it would. thank you, julia boorstin. no amazon today, and we have a feeling of their own co-pilot. >> despite that we're seeing shares down half a percent and here are the announcements we're looking at and ai has a new chip called trainium2 and it will help wean off nvidia, very similar from what we heard from microsoft a couple of weeks ago at its cloud, vent and we are also going to use nvidia and amd and look, you're starting to see these tech companies and ai leaders go on their own and separate themselves from nvidia as best they can. in addition to that, like you said, a new ai assistant and that's the letter q. this is mostly for developers and information technology professionals and it will cost 20 bucks a month or $21 a month with new features to what microsoft is selling co-pilot for that has more features and more consumer facing, rather, for 30 bucks per user, per month and also going to compete with chatgpt enterprise and microsoft's bing chat enterpris

share notably, valueact is reportedly friendly in contrast to the move this year with another move by peltz, now joined by marvell entertainment chairman ike pearl mutter in the works. looking back at the 12 months, shares are up about 3% we're pretty much flat before today's news worth noting is valueact is currently an active investor in "the new york times" ko, spotify, as well as fox. >> good to know. julia boorstin that brings us to our "question of the day." does another activist in disney make you more optimistic about the stock now? we'll share the results later on in the hour. >>> we're just getting started up next, microsoft is getting into the ai hardware arena after announcing two new ai chips. we have a shareholder standing by with his first reaction and his top tech plays with that sector record highs. power e*trade's easy-to-use tools, like dynamic charting and risk-reward analysis help make trading feel effortless. and its customizable scans with social sentiment help you find and unlock opportunities in the market. e*trade from morgan stanley. with powerful, easy-to-use too

>> i got to tell you, if nelson peltz gets some board seats, i am -- i get turned -- much more positivegs a shorter-term focus to the assets, i think what's unclear to wall street is weather the content piece of the business can actually grow if it can't, there is no dividend still, right. remember they cut the dividend they never reen-in stated it they need to grow the top line in content or shrink costs and bring back the dividend at disney. >> you suggested in the past and it was during the summer, i believe, when you said that apple needs to buy disney. dan ives, the analyst at wedbush, suggested that apple should buy espn. how do you view those scenarios playing out if at all, either your scenario or his >> right so the issue with sports is those rights degrade over time so the nfl rights that espn have and abc has a lot of those rights, too, which is also owned by disney, degrade over ten years. you have to renew them you benefit from the cash flow stream you get real time more important, i think, is the content business, which is the ipo of perpetuity of the entire marvel univers

well, it will be enough to satisfy activist investor nelson peltz, that's a huge question and he's back to circling disney with a fresh demand to fix the stock and lost 15% year over year. coming up, stand by for arguably the most widely followed disney analyst light share partners rich greenfield and what he says you need to hear if you're a disney shareholder or thinking about buying the stock. we have to talk about stocks on why worner bros discovery stock is cratering right now. with this loss, it's at session lows, down 17.7%. bar none far in away the worst performer on s&p 500 and wbd reported a quarterly loss. it was the quarter with the barbie movie revenue. it was a huge hit. what happened in we'll ask rich greenfield about that. aside from disney after the bell, we're waiting on day care two actions and we're up 6.25% for t2 and set to unveil the trailer for the next grand theft auto game next month. mast mast's merger with activision blizzard, the maker of call of duty, check in on microsoft, up half a percent. that make it is on track for second record close in a row. let's

challenges from nelson peltz.and that stock is one of my favorites in the charitable trust. alan in florida. >> caller: boo-yah to you, jimmy chill. >> boo-yah. the chill man is in the house. how can i help? >> caller: most importantly thank you for the investing club. it creates a level playing field for us little guys. >> that is the plan. people have to know it's about education, it's about teaching. i knock my brains out every day to teach you. and thank you for the kind recognition. how can i help you? >> caller: no, thank you. hey, listen, today bill gates' nuclear energy company terra power, me announced m.o.u. with your little spec play you gave out, euc whose management company says they're producing domestic unuranium just $40 a pound. they have the infrastructure built. terra power has officially said their preference is for domestic uranium and uec has by far -- >> that's why i like uec. i'm putting together a list under speculation. i might have to keep it to myself right now but i think uec is a winn

johnson battled nelson peltz and the activist investor calling for a break-up of pepsi when he was thereis malled that you look at diss -- mad, that you look at disney's stock rice to for the year, he wants to get more out of this company. stuart: listen to the call this afternoon to see what they're going to do with espn. i think that's a a key factor. and then we've got, wait a second, is this right? amazon cut the price of its one medical. it was 1.99 a year. who cuts the price of medical care? lauren: can i can ask you a question, have you ever heard of one medicalsome this is a company that amazon bought last year. no one talks about it. i know tons of people that order everything on their prime subscription, and no one has ever said, oh, i had a telehealth with the doctor on amazon last might. no. so there's no demand there, or so it seems, so amazon cut the price from 199 to the $99. it's an a extra that $9 a month to your prime subscription, and you get access to health care. amazon continually is pushing into health care, i think that entry has been shaky. stuart: you say access

page explanation of earnings and their strategy and we think that probably is influenced by nelson peltz all the wins from this quarter, not resting on the laurels of, oh, we're disney, we'll tell you how it's doing, i think the big win was them waking up and saying we really need to tell the shareholders with granularity what's going on our thesis is intact which is that theme parks are trading at such a low price, as if the whole company is based on the theme parks, as if everything else has no value. earnings growth should be decent coming up this is a perfect segue. here is what expectations for disney are it's 19 plus 19% in '24, 21% in '26. the base is so low >> and you assume those are accurate >> right, but, you know what, what if they're cut in half? if they're cut in half, you still have a stock trading really cheap, there's no ex aekta exp expectations it's a hate fest it's like meta when everyone wanted to dismiss it and cost cuts weren't going to work it's bottomed out, it's cheap, it has earnings growth if they don't make it, expectations are so low, i'm really comfortable

guest here with us at the desk good morning >> good morning. >> the stock is up if you are nelson peltz >> bob iger sis a leader. he has done a lot in the short time he has been back. you cannot cut your way to growth a lot of the after market with the content and expenses is great, but you have to focus on the narrative. >> how do you think he gets there? what does he need to do? we keep hearing about the possibility of the espn deal the hulu piece has been figured out. at a time when advertising is not exactly a very strong place to be. how does that play out >> there's a lot in there. on advertising, the strength in the market is in sports, which obviously espn is a big part of and disney plus will go into they all will. max and netflix, et cetera viewers have gone away from traditional television other parts of the business is hulu and disney plus should help on espn, give bob iger credit for recognizing the problems and discussing them openly disney owns 80% of espn they could bring in one or more equity investors or strategic investors for 36% stake. we value espn between $24 bill

>> what's interesting, when you hear, restoring the castle, you might think, maybe this is nelson peltzng, crown castile castle, we need new board, new management, new everything, because they keep pursuing, at crown, the fiber small cell strategy, which every year is viewed as being immature but supposed to be okay. it's obviously wrong. and amt, american tower, and sba, have committed to international towers, where the growth is, because verizon doesn't have a lot of growth anymore, and nor does our friends at at&t, which i use usually. >> right. >> and t-mobile. david, they think that you could spin off this fiber and that it would be a huge win, because private equity might want to do it. one of these infrastructure private equity companies. i don't know, david, they're pretty good. they do a lot of homework. >> they do, and they think that you can back into a u.s. tower multiple if you look at sbc or amt and it's higher, and therefore, if you get rid of this fiber business, you'll get a higher multiple. the first campaign was in 2020, and i think they had a billion dollars worth of

it was on the other side of a nelson peltz battle with pepsi when nelson wanted to break up the companyen nelson's involvement in pepsi, i mean in disney right now. where do you think that goes? >> i think that's a good point. it felt like sort of the activist narrative sort of moved to the background, but does feel like it's gained more momentum and i think that speaks to my point, is that disney has to prove a lot of other things to sof right the ship and move in the right direction, particularly as it relates to their dtc business. if they can do that, it takes a lot of wind out of the sails out of the activist narrative. >> what do you expect for earnings this week and do you expect to see any progress on that front? >> i think the earnings will be pretty much down the fairway. we've seen that from our media companies. the stock reaction has been positive on the media print because the sentiment is so negative on the buy side across all of media, you don't have to do a lot to get a relief rally in these names. disney is less about the quarter, it's really more about articulating to

year since he returned as ceo including dwindling box office numbers and proxy battle with nelson peltzown hall, he played down reports that he was considering selling disney's linear assets. of course, those reports sparked by bob sang, originally, that he was looking at selling them. joining us now is michael mayfuson. abc not necessarily on the block anymore, is that because they couldn't find a buyer? >> i think that he probably spoke too soon, right? i think to your point it was disclosed in a conversation with david. probably were not -- they were thinking about it, but probably wasn't a great idea. i don't think they shopped it. they reversed course from where they were in july. >> okay. >> yeah, so i don't think july was a real -- it was a conversation that kind of went away at that point. >> what happened? why is it better to hold on to the assets and what does disney look like today from all the assets that it already owns? >> okay. so the reason why you own abc is because it gives you that broad reach. you own nbc and comcast. and it still delivers big reach for sports and li

one of the of campus and you hate his students for justice peltz, or sjp.sjp was set up and is supported by groups with individuals with well dykeman records of support and fund raising for terrorist organizations, individuals like -- who founded sjp and is also the founder of american muslims for palestine, orli a.m.p. terrorist sympathizers figured out decades that instead of sending money to jihadi organizations, they will target the hearts j and minds of young and naÏve, sometimes well-meaning american students. these progressive buzzwords like justicee and freedom but their true intent is destroying the world's only jewish state by all means necessary. and after october 7 we seen anything goes. beheading babies and raping women is just fine if it's done for the jews. they call the resistance. for decades these groupsis have lied to young americans and convince them that it is he ultimate evil so with hamas terrorists carried out these barbaric acts young educated mid even celebrated ladies and gentlemen, sjp is a hatred. it is a grooming american colle