she's way worse than i am. >> okay, so disney is out.us his fiance, caitlin mchugh, with still get whatever wedding she wants. no date yet. >> he was hosting the gary marshall's theater event. >>> another big star getting ready to tie the knot. john cena. he's such a good guy. he played along when i pressed him for some i do details. do you have everything together? your suit? >> no, no. there's a lot of work to be done. >> reporter: did you decide, are you having a destination wedding? >> we have decided. it's a secret. >> reporter: john did let me in on one secret. the first dance with nikki, who just fin ired competing on "dancing with the stars" will be something to remember. >> she's going to be good. i'm going the be bad. it will be memorable. >> reporter: i like when you talk about her. >> i'm in love. >> reporter: he turns into a softy film, "ferdinand." he's the voice of the lovable, misunderstood bull. the first time i met you, i was nervous. >> you walk into a place at 250 pounds. everybody thinks the ring is going to pop out

so disney is working on fireworks you can feel.users put their hands against a flexible screen. at that time water jets project different effects that are directly analogous to physical fireworks happening in the sky. it is like the music that often accompanied the fireworks shows. disney is the parent company of abc7 news. >>> the gift of music. how some bay area students are carrying on the spirit of a legendary blues man. that story next. >>> first we want to thank john for this picture from crown beach. has crazy low prices. do you know how we do it? - how? - bargainomics! say, if california has a bumper crop and produces too many oranges. or a winemaker in sonoma suddenly has 1000 bottles too many. we've got name-brand, top-quality groceries priced 40-70% off every day. bargainomics. that's our business model. and our business model is... delicious. ♪ grocery outlet bargain market ♪ >>> coming up at 6:00, the start of commercial crab season. and you'll hear from fishermen who say this season is one you can't miss. >> and see w

disney gets into a business that it walked away from as kind of a bonus. so four really good reasons for disney to buy these assets i think they could probably pay for the cash flows in the neighborhood of 12 times and the shareholders of disney one of which is us, i think would be very, very happy because these assets are very, very hard to replicate and you get tremendous library value with these and library value only goes up over time so great deal for all concerned. somebody's really thinking >> at 12 times, what would that be dollar wise, what are we talking about? the stock is up 8.25% right now. >> oh, i think the stock's probably 25%, 30% undervalued if this deal goes through i think that's the order of magnitude of the mispricing of the fox asset here >> is larry, i wanted to ask you quickly about netflix as you now think their business model is under severe threat from a deal like this? >> yeah, i like that the pacific ocean and the battle of midway, i think another carrier just joined the battle. if disney gets ahold of the fox entertainment asset

and nbcjuner ha univen stocks of hulu, but gave up its rights as a conditional sale to comcast, so disneyld entirely control hulu's direction. citi writing this transaction would allow disney to rapidly achieve direct to consumer scale and effectively compete with emerging ott platforms hulu has 15 million paying subscribers and is only available in the u.s. and japan. amazon doesn't report official numbers, but by one estimate it has 90 million subscribers to its prime service, which includes prime video analysts say it would boost disney's app in the works in 2019 fx and fxx channels wouldn't fit with disney's core brand or app, but could be on hulu john, back over to you >> all right, julia, thanks very much so there's distribution part of this and the content part, as well for more on these talks we're joined by former fcc commissioner robert mcdowell, now a partner at cooley llp and joining us the founder and ceo of tap tv, a subscription video on demand platform welcome to you both. robert mcdowell, going to start with you, do you think this would even go through? >> it could, of co

it would really spotlight the fact that disney has a succession crisis at disney because whoever -- so who ever they sign up to be the next set of business would tough with integrating these assets and running them to have a positive return on capital >> we have a glimpse of what disney would like to do. lets say these deals would not go through, are there other parallel deals that disney could pursue >> if at&t is allowed to buy time warner, it is an open question to disney to buy the warner brothers film assets. again, the value created when you put two studios together, you cut out billions of dollars of distributions you don't see two guys sit in at least of the distribution self that would be a logical one. >> why is disney studio so much more profitable in fox is it better decision making or franchises that they had such as "star wars." >> it is a controversial answer. it is a great film making. you have events and marvel fran chi ch franchises i would argument it is diversications >> all right, laura, thank you very much. a dream come true kind of deal from her perspective >> dr

and the question is, even if disney can manage to master that technological feat, how much is it willing to spend to do soe negative free cash flow that netflix investors are willing to tolerate, disney investors are not willing to tolerate. so what is disney going to do? are they at a point that they think this kind of service can generate positive free cash flow investorshich there demand and which disney would certainly like to have. the digital transformation to hollywood is just as upsetting the business of hollywood as the way business is done in hollywood. and just as the casting couch is getting a welcome kick out the door, the old business models of hollywood at the same time are roiling. if you pick up "hollywood reporter," you are not seeing a discussion about what's happened with the latest box office, fabulous success story. you are seeing stories about sexual harassment good you are seeing stories about the shift to digital. what's really happening is the business model is completely changing in hollywood. disney and everyone else is trying to figure out how to handle that, and i think these

>> i am a disney kid so "lion king" still makes me cry. >> you should be hopeful that beyonce does not get sick because i am her backup. >> very disappointed crowd if that happens. >> hey, listen, if you are looking for some warmer temperatures, we got it. it is coming with some fog this morning to start with. heading out the door, thick, morning fog and especially in the lehigh valley and suburbs and into delaware. not everybody is seeing the fog. what we'll see is the fog disappearing and sunshine taking over, it is going to be an unseizablu unseize bu unwarm day. >> a few thin clouds around but mainly clear skies and during the evening hours, we'll see temperatures in the 60s. yesterday morning, it is 12 degrees warmer in philadelphia. up 23 degrees in allentown. the biggest warm up is in new jersey. 50 for the lehigh valley. cooler temperatures, pembleton, 60s. in there are some rain showers to our west and southwest. those are going to stay out in the picture for us today. a sprinkle in the lehigh valley. we'll see enough sunshine that clouds will be thinning out and we'll likely

beyonce' part of the disney live action film the lion king going to be so cool. weeted out this picture of the cast saying she's playing the character nala who is simba's childhood friend of course. later his love interest. donald glover is the voice of simba. other big names in the film include seth rogen james earl jones john favreau is directing the film. >>> in your money tonight just three weeks away but some just can't wait to score those deals on all those gifts. a ma'am son has already launched its black friday deal store feature daily discounts on french toys to electronics. now through black friday. the company also launched virtual reality experience. so that let's iphone users see how bigger things like furniture would look inside their house before they actually buy. with the holiday season getting closer starbucks has released 2017aytht holi desigostlyhite andto cusolor i. cups feature splashes of red and greent sno therewell and christmas treer top. don't worry the pencils. most of itsns are to have colored pencils so you can borrow and d thing. >>

them because a lot of the content that you see on netflix, the marvel and others, have come from disney. so that's going to go away it's going to go to a new place. and disney's go iing to be ablet gather other content from other players. remember, they made a smart move in the asset buy world to try to get the fox properties that's going to continue who knows what other studios they could go after? maybe warner brothers. everything is up in the air. disney needs to do a few things. they already got the bamtech technology to stream they're way ahead of everybody else they need to kons thconcentrate asset buys and get more intellectual property beyond what they already if the library, start producing, acquiring, commissioning they can do that both scripted and unscripted don't forget the unscripted world disney can play a big role vis-a-vis netflix. be more cost effective versus $3 million, $4 million drama series you make it's a very interesting world coming i think net politician ougflix notice >> thanks for seeing you thanks for joining us today. >> thank you, bill, kelly, take care. >>>

where disney will be buying the non-sport part just like broadcom trying to buy qualcomm, a disney fox deal make it so there'll be less concentration on one product in this case espn. fox is worth more to disney than to wall street you the shareholders are the ultimate winners disney fox seem to be dead at the moment now broadcom bid for qualcomm is a bombshell buzz it's huge and hostile. the ceo, who is one of the best ceos in the industry the only reason we don't think of broadcom being an important player in the food chain is because apple suppliers play by the same rule as fight club. broadcom a is more content in the iphone than any other company on earth qualcomm is selectall quality. nothing good can come from fighting with your largest company, and largest company in the world, so qualcomm's got a problem. broadcom has been viewed as somebody who has a significant view with its customers. the options of this deal being complete seems pretty wrong. qualcomm has been held back by apple. however i'd argue if apple prevails in court against call come which is a responsibility, the shareholders alr

people watch content and what they subscribe to has been changing and that has somewhat been hurting disney. sonk they want to go in a new direction and that this could help them. >> what do you think the other media giants and even the telcos, as well, would be thinking this morning as the story has broken, particularly the fact that the conversations aren't quite going on today, but they have been do you think suddenly other media companies and telcos are thinking i want a piece of that and people could become interested in fox from other sources? >> yes i mean, this is still why at&t wants to buy time warner the telc on os or distribution channels, they need content. without content, you would be staring at a blank screen. this could put a lot of other media companies into play, as well >> ivan, thank you for joining us >>> time now for our top trending stories good morning, landon >> good morning. snapxhat's ceo evan spiegel bringing a two-year twitter hiatus to shoot down a rumor about his company. that with a claim that snapchat is shutting down next week spiegel taking to twitter last ni

communications and time warner cable, so i think we already had discovery communications this year by scripts networks and -- scripps network and we see fox and disneye will definitely see movement on the content side. the reality is the u.s. paid tv business is declining, and i think in declining businesses you see them look at the portfolio of assets and see which ones they want to maximize or could be more valuable to somebody else, so even rupert murdoch who has been the biggest empire builder of all the empire moguls over the last 40 years, even he and his sons are thinking about selling parts of the company. julia: disney reporting q4 media billion,evenue, $5.47 $5.66 billion expected, we know that there were some problems. disney saying espn results comparable to the previous year's quarter. paul sweeney of bloomberg intelligence, thank you. scarlet: more earnings. nordstrom with results, $.67 earnings per share, revenue better than expected, $3.6 billion, looking for $3.56 billion, but when you look at sales, down almost a 1%. that is more than analysts were looking for. nordstrom rack in particular, the off-price chain, the comparable sales

right now disney is at 58% so the bar has been dramatically lowered for disney breaking back above $100en, you know, we've almost come back, at $99.50 in after hours. closes above $100, this is one where the long-term investors are going to see it as a value >> mike, i was going to go back to the point robert was making about the studios. if we're looking at disney as a streaming media company, do the studios become more important? yes, you always want to see them kind of continue to get the hit and demanding more box office revenue when they do is it about the recommendation, they have a great asset here, when it's offered over the top it's going to be compelling? >> the library plus the studio capability, also the tv production keep in mind, abc tv group and of course rumors to want the fox one, they are the factories of streaming media. that being said, and i agree with everything that these guys are saying about maybe unrecognized long-term value in studio everything that's being said was also true when the stock was trading at 90. i mean, it's a matter of how the market is going to

speculated in the past that they've had partnerships and news gathering with abc, for example, so with disney or with cbs. >> so possible buyers out there. got it okay thank you, craig >> disney guys, thank you, craig. we know that disney is a potentially interested buyer in somebody. >> i think the story is to michelle's point if there were an at&t-time warner deal and there had been some concerns about cnn ownership, comcast looks a whole lot like that combined company. >> right >> could there be any movement for us, comcast to sell? >> this is the president being angry at cnn is it that simple? and that would up end doj precedent. >> to melissa's point, cable companies owning news organizations, not unheard of. >> at all. not unheard of at all. just to throw it out there to question the validity of the business model, what are the extrapolations to that >> let's say the doj gets its way and let's say they force the divestiture of cnn from this deal, and does at&t. where's david? somebody call david faber? does at&t have a provision where they could walk away from the deal maybe that is --

at that point water jets project -- so far this has only been tested with sighted yours, and disney is the parent company of abc 7 news. >> that is so interesting. there's a new effort to save the whales off the coast. how it may affect crabbers just as the season gets under way. >>> the search for aliens life gets a boost. nasa's new discovery. >>> we want toss what the wet weather looks like where you live. take a photo of the rain and wind, if it's save, and post the hashtag so we can find it and share it. >>> in today's tech bite, delivering -- prime members are receiving e-mail coupons that carve 50 cents per pound off -- all whole foods customers will see prices drop. >>> tesla will show off something big today. >> the ceo, you see him release this silhouette ahead of the unveiling of -- they've already said the truck will blow people's minds form the electric trick is expected to have a range of 200 to 300 miles. >>> many people are no longer waiting to binge in the privacy of their own home. >> a new stud i don't found 67% actually watch this public, on trains, buses, even wait

i don't think that's the case, so i think it should be -- do you like disney more or less >> absolutely more if you think the pullet mall that they've been losing, and what it seems to garneller, if disney can strap on enough content, which was already fantastic, to be in a play where they can go hard at this and have a compelling direct-to-consumer at the top, it's -- if they're thinking outside the box -- >> you have the fox movie library, nat geo on top of all of the disney problems >> that's true, too. >> or if it could even happen. >>> all right. coming up, a couple travel stocks, priceline and tr tripadviser, just getting started, to give you the names he sees as an up side. so has shack gotten its mojo back they'll tell us his plans to heat of sales, straight ahead. y. your joints... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally found in jellyfish, prevagen is now the number one selling brain health supplement in drug stores nationwide. prevagen. the name to remember. >>> bev an earnings ale

i was looking at the box office share today so far this year it looks like disney is at about 17.5%. is at about 12.5%. whether that raises some anti-trust concerns, i don't know >> these days with amazon studios, netflix, and everybody else, it seems -- >> this is so influx the traditional hollywood box office numbers may not matter so much given how much has moved to over the top still, what you see there is, there's going to be less competition, number one, so people like that secondly, you know, disney will get some nice assets there they do have some good properties there "avatar" was a huge hit for them can you exploit that disney is the master of the sequel theyed can bring a lot of talent there, cut cost. there's a lot of traditional advantages to this, and given this adding weight and the international distribution they could get, you know, it adds a lot to the disney portfolio. >> always raises some questions about the chain reaction it could set off, whether it happens or not, does it put fox in play? what does amazon and netflix do about it and some of the other content pl

providing social services to the needy are being backed by their philanthropists so the private sector i mean even disney itself had to give five hundred thousand dollars last year to the homeless impact fund which helps central florida so it it's about getting it's about getting basically the government then now to really step up and and provide funding for affordable housing and low income housing so then that's kind of symbolic in a sense that's happening on the doorstep of disney you know the second biggest media company in the united states that is exactly why we decided to have our story take place in this area is this very sad juxtaposition of children growing up right outside of the place that we consider the happiest place on earth for children so it's putting a human face on this issue it's having us embrace a little moonie whose only character love her and laugh with her and spend the summer going through going on mysterious adventures with her with the hope that at the end of the film you know when they're at least one audience members are leaving the theater they're talking about the real mo

youtube kids, this is going to play amazingly into disney's hand espn is a unique challenge, because they can't charge $7 a month and make that work, sohink that's going to be a challenge, but i could see disney immediately getting to tens of millions of people on this service and consumers are going to flock to it pixar, star wars, and star wars is really cranking rogue one is the number three star wars film of all time empire strikes back, star wars, rogue one, return of the jedi. >> you think disney disrupts netflix? >> i don't think it's going to disrupt it, it's going to be an equal competitor if i gave you a million dollars right now, place your bet, what amount of money would you put on disney, what amount on netflix, i would put 50/50. three years ago i would put 100% on netflix, but netflix has had a tremendous run-up and i think they'll hit 100% penetration and lose everything from disney, pixar, marvel. so all this incredible content, this is the yum-yum content they can't live without is gone >> well, this is not the last we're going to hear from you >> no. >> on this or any other subject. always great to have you here on

. >> all these people who would go on to be huge pop stars began on disney. sot that innocent ♪ oops i did it again >> britney was the madonna whereas christina was like the mariah. ♪ i'm a genie in a bottle >> christina, you know, very tiny girl, she's under 5 feet. when she opened her mouth, it was like this burst of like wind came through your hair. you were like, that voice is coming out of that girl? >> the end of the '90s is a really precarious strange time for music because mtv stops playing music videos and starts doing reality television programming which everyone is like, that's never going to take off. >> music would be as much or more in people's lives than it ever had been, but the economics of it would vanish. ♪ another turning point ♪ a fork stuck in the road ♪ time grabs you by the wrist ♪ directs you where to go >> the '90s represented being who you are. this is the kind of music i'm going to make and i don't care who likes it and who doesn't like it, and i'm not going to sound like anybody else. this is who i am. >> people were starving for aut

so fox cannot physically at the moment transport its 39% stake to -- in sky to disney or anyone else that thing cannot move until that transaction with sky either falls apart for reasons that are stipulated in their agreement or they have to go through with the offer. >> so if the deal fully fell apart, it could then be transferred across to disney >> absolutely. >> remind us where sky was trading before the deal was announced. it's a 19% discount before the takeover price, but where was it before the takeover was being considered >> you mean the disney talks >> no, no, the sky price if this deal fell away fully, where could we see the sky price move to? >> we would see it fall further. fox agreed to pay mid to high 30% premium for sky. so this sort of assumption would be that sky would fall another 5%, 15% depending on sort of its own forecasts. this is clearly an important transaction for sky shareholders, who will be pushing for it to go through many people think that in the market the concerns are overblown. that the question of media plurality will bend towards fox's favor, and

so those are the two things which have happening. it is following on from disneys going to run and run. this is a sign of the times, this shift in our viewing habits and people wanting to end their cable contracts and preferring to stream online. yes it isa and preferring to stream online. yes it is a change driven by technology and the response is to strengthen their position either vertically or in this case horizontal of getting them all together. we saw discussions with disney expressing an interest, if a giant like disney is looking at it, these are big moves ? is looking at it, these are big moves? yes and they're very large companies, because they're very old companies, because they're very old companies and also they're led by in many cases. . . companies and also they're led by in many cases... men in their 70s and 80s and there is an end of era feel. end of a programme feel, end of a week feel. lucy macdonald thank you, have a lovely weekend. we have so many tweets, we will look through them. thanks for watching and have a great weekend. see you again so

. >> without a deal on its own >> backish >> i own disney, so that will be my answer.dea that at least bob iger is still kicking the tires around the place looking at fox, looking at other things when you look at pixar and marvel, some of the franchises they own, i still think this is a company that goes higher >>> ahead, chip stocks getting slammed today. plus our very own brian kelly is about to do something no man has done before on cable television, how's that for a tease see what he's got in store when "fast mone rury"etns financial crisis,n the heare and saw his portfolio drop by double digits. it really scared him out of the markets. his advisor ran the numbers and showed that he wouldn't be able to retire until he was 68. the client realized, "i need to get back into the markets- i need to get back on track with my plan." the financial advisor was able to work with this client. he's now on track to retire when he's 65. having someone coach you through it is really the value of a financial advisor. i'm here to talk to you about how at&t gives you more. and so am

if you're wrong, you lose a lot of money >> wo yuld you like disney to by some of those fox assets >> iger is soso the answer is yes >> if it went the other way and comcast was able to buy some of those assets, including the 33% stake in hulu, would that then threaten your buy case for disney give than they're launching their own online platform, or do you like disney either way >> i like your question because i own comcast. brian roberts is like iger, the reason i own those two is because of the people running them i'm delighted to have them joust it out >> comcast, of course, the parent company of cnbc more broadly, your view on general markets and valuations at this stage? >> we know and we've talked about it, that valuations are very high. but interest rates are low to the extent we continue to have -- just yesterday we had the new york fed talk about increasing its gdp forecast frofro from 3.2 to 3.6 or 3.7 things are still looking strong corporate-wise and economically. until that changes dramatically, these evaluations probably will stick. >> in terms of your allocation, domestic to inter

and disney joined in as well. >> so happy birthday, jimmy. >> happy birthday to him. to tell you, it does prove that that hemsworth fella can tell you anything and it sounds amazing. he can tell you that you have hepatitis, and you're like, oh, my god, coming from you, it's okay. >> i was a little jealous of jimmy, actually. >>> turning to the ballroom, one week left for the season of "dancing with the stars." and each couple has to do two dances, one picked by the pro to best represent their partner. and the property brother there, drew's partner thought the best way to represent them was by putting him in a kilt. >> paralympian did a moving waltz. and hit all the right their dance. she got a lot of props. >> next up, that kid from "hamilton", who i say is a ringer, jordan, he earned the only perfect score of the night. with his proud mary jive. >> look at him go! violinist lindsey was hot on his heels all night but did not manage to squeak out that perfect score. >> frankie, he wasn't in the middle. he was flying high and gave those "malcolm in the middle" fans what

the numbers, the last quarter, that disney recorded a week or so ago were not good i know bob iger is a genius and he changed the narrative but valuation, i do think disney trades at a premium valuation, they deserve it. i don't think they deserve the valuation that they're getting off that quarter which was not very good. you can change all the narratives you want. the proof, as they say, is in the -- what? >> pudding >> doesn't this get worse for netflix? >> i say no. >> we get to a place here where clearly the guys who have distribution are now getting into a stronger content play or the guys that weren't in the case of disney, it's all about distribution for us. >> or the guys with content have much more leverage over netflix. >> they're curating their own content. they still have the international story. it doesn't seem to be hurting netflix. >> you're telling me there is no competitive threat whatsoever on the content front to netflix if comcast owns its assets plus fox's? >> there's always a threat it's got a lot of momentum behind it. we're also talking about this as if it's a

so we'll get an update on their status. we're following a separate and rather dramatic for walt disney. they held talks to buy assets of 21st century fox. the assets do not include fox news or fox business or fox broadcast itself. for disney, it could be an opportunity to boost its presence in hollywood and overseas. the latest we're given, the talks have since stopped or stalled, whoever you believe. nicole pettalides has more. good afternoon. >> good afternoon. we saw the stocks correlation through the breaking news. we saw, for example, fox was down and then we had this news that broke throughout the afternoon. you saw it showed up around 1:30 p.m. that happened with fox, disney and funny enough, cbs. we heard from basically -- we reached out to 20th century fox. they declined to comment. we also reached out to disney waiting on a response. the "wall street journal" put out this news that disney may be acquiring a stake. with that, we also have heard from "wall street journal" and sources that the talks are no longer active. of course, this was a developing story and the only thing t

disney to hear about the theme parks. that has been an area of strength. they really have not had the blockbuster movie, sos to say in their quarterly report right after the bell. and that's the big picture on disney. relatively flat for the year. take a look at the three month chart, it's at 103.85, and we have a slew of earnings coming out after the bell. earnings season has been pretty good thus far. liz: it really has. it's really good, and it's been taking a backseat to all of this tax reform sort of movement. but in the end, you're absolutely right. let's give that some credit. >>> so as we mentioned, markets are scratching back up the wall to the green sign here after the house ways and means committee passes the tax bill on to the next stage and the senate reveals its play. ceo jeff seek ca has made an -- jeff sica has made an investment or two, and i'm wondering around what the tax reform plan might have, or to you just tuna out? >> no -- tuna out? >> no, i think right now the near future and maybe the medium future of the stock market is contingent on this fax plan getting -- tax plan getting pas

there's as staying at a magical disney resort hotel. so imagine... complimentary rides to and from the park... even extra time with your family in the park. and now, create a 6-night/7-day package, including a select walt disney world resort hotel room and theme park tickets for as little as $96 per person per day for a family of four. the mountain like i used to. i even accept i have a higher risk of stroke due to afib, a type of irregular heartbeat not caused by a heart valve problem. but whatever trail i take, i go for my best. so if there's something better than warfarin, i'll go for that too. eliquis. eliquis reduced the risk of stroke better than warfarin, plus had less major bleeding than warfarin. d both. don't stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis if you have an artificial heart valve or abnormal bleeding. while taking eliquis, you ma