the peers. scarlet: how much is disney a leader when it comes to any indication of cutting the cord? ated that espn was losing subscribers and media stocks had a huge meltdown. is disney the harbinger for the sector? >> yes, i think they are considered the most watched. for good reason. espn is the highest price part of the tv cable bundle. argue is there is a reason you cannot cancel your cable. that is what everyone focuses so much on them. joe: what is your number one question you want to hear on the call? >> i think there will be two. they talk about a direct to consumer play. subscriber declines are certainly unknown factor. it is something that every cable network has to deal with. espn has been reticent to give full disclosure on what they will do with espn, directed the number. the second one for bob iger, when you going to do? joe: great stuff. paul sweeney and chris paul mary . scarlet: coming up, we will go back to andrew of citroen. this is bloomberg. ♪ scarlet: we are back with andrew of citroen research. he joins us by phone. you say that your company is exposing the own

the u.s. subscriber base alone -- shrunk to 90 million. disneych a subscription-based online version of espn this year. while the network is gaining new streaming services, revenue remains under pressure because of an erosion of its traditional customer base. outside the television network, disney's movie division has been a bright spot, delivering record profit. the division made almost $3 billion at the box office last year alone. let's not forget the disney theme parks. it is the world's biggest themepark operator. the opening of a park in shanghai did weigh on profits. disney does expect to break even on the part in fiscal 2017. in the meantime, it is expanding with star wars and avatar-themed lands. disney may even make a deal this year, one that has nothing to do with the calls to espn. for months, there has been speculation that disney could buy netflix or even twitter. we will get more from disney ceo bob iger after they release earnings after tuesday's opening bell. cory: that was scarlet fu, looking at disney. we will continue looking a

jewelry for the girl who loves disney, but likes the finer things in life.u can see in the video we have girls who channel their inner belle or inner aurora, who get the ring that suits them. and now recently since bridal proposal season is like december through april you've got disney coming out with this line of beautiful rings. and they range in price, from about $199 for a promise ring to about $4500. >> it's actually reasonable in terms of price, because rings can get so incredibly expensive. >> you can go low or high, whatever you want to do, there's possibly something in your price range. but it goes to show how the disney brand is kind of matured. they still have everything for kids, but the people who grew up with disney and don't want to let it go, they can get this. they look like legitimate fine jewelry. >> one of the videos that you can watch over and over again. >> i like this. >> on the next "right this minute." >>> and still to come. a couple of sharks are happily fed. but -- >> there's a third one that comes in for its bite. >> what happens

it's a beautiful story about the power of movies. disney movies in shaming who we are, who we become. >> you gave a bit of that -- you answered this question to some degree in that clip just now, how did you process the minute you realized the power that these characters had in owen's life. >> it was kind of stunning, tavis. owen's about 6 1/2 there when this happens with the yago puppet, he's up to about a three word sentence after endless hours of therapy. all of a sudden, i realize he's memorized disney movies. you throw him a line, he'll throw you back the next line. he can go for hours. we can communicate but only in dialogue. we begin with scenes night after night in the basement. he begins to read by reading credits. what we did in the basement was meditate really on big issues, like the emergence of the hero. those days, my lilili'm interviewing presidents by day, by night, we're thinking about the power of myth and fabel in shaping who we are. and in a way, the basement conversations were the most real in terms of how political dia

the box office has been weak for disney lately. 4% year over year from january so as we look forward though we do have "beauty and the beast," we have "pirates of the caribbean" and "cars." all three of them have installed the fan base in there. there are some good things to look forward to. >> yeah, it's interesting because if the market decides it warrants wants to focus on the visibility when you talk about the forward calendar for marvell, "star wars" films and all the rest, they can find something to be happy about. i do think there's a lot of visibility there. if it decides to stress about the future of the cable bundle, do you have an answer for mobile espn, i think it's going to be a different story. >> i was going to ask robert then we have to go. what's the thing bob iger could say when he's on "fast money" about the future of espn that says, that's it. that's what they need to be doing in terms of the shift in consumer habits here? >> that's a great question, kelly. i think they had the acquisition at the bam tech. the id

the quarter. back to you. >>> disney is set to report earnings after the bell in the u.s. today.s on the company have varied. some point to a slate of big movies due out over the next couple of year as a sign of cinematic dominance, others note that the cable flagship's espn's decline could undermine profits in the longer term. kevin quigg is with us. what should we expect from the conglomerate that is disney? >> we are bullish on disney, actually. i think you just mentioned in the last segment live sports, entertainment is something that is driving a lot of the viewership. and despite the fact that there are, you know, espn seems to be losing viewership, we don't know that that's necessarily true. people may just be viewing things differently, looking at the digital world differently and espn is a cash cow of sorts, been a flagship brand. >> so it's not about espn being an asset or a burden, it's about consumers viewing differently and maybe shifting to skinny bundles, as i'm told? >> skinny bundles, indeed. i think the landscape is changing within that part of the entertainment

disney wedding. that's what they dream about. >> well, this girl gets the ultimate disney-themed wedding. it was something to behold. it was michael and rachel who tied the knot. check out this. you need a crane to film this thing, or a drone. the dresses were lovely. >> lifestyles of the lovely rich and famous. >> exactly. this is the suit the groom is going to put on. there are all the bridesmaids and here you get a look at the bride in one of the several dresses she wore for this big event. >> smile, brother, you just spent millions of bucks! enjoy it! ♪ >> walking down the aisle to greet his lady with ballerinas following behind. >> oh, my goodness, wow. >> and then since she's a princess, she comes in a carriage. these mice clearly have been pulled into gentlemen pulling the carriage along. and she's dressed like snow white. >> what do you get this couple? you can't just stuff a couple hundred bucks in an envelope and be like, congratulations. what do you do? >> the wedding is, as you would expect, lot of dancing, floor shows. >> the question everybody is wondering, how much? >> how m

mike pence is set to cast the tie-breaking vote. disneynd general motors on the earnings calendar today. disney reports after the close. investors want to know more about bob acres retirement plan. we will hear from general motors before they open today. for the could result to cap a record year for the largest u.s. auto maker. as for stock futures, we see a paris across-the-board. s&p up for in half, nasdaq up 10. that's a look at what's happening now. nicole: republican lawmakers move ahead on their efforts to repeal obamacare. president trump said the replacement plan could take until next year. james rosen in washington with the very latest. >> in a super bowl sunday sitdown with bill o'reilly, president trump punted way down the field. >> maybe we'll take until sometime in next year. >> rendering previous promises like this one. >> as soon as her secretary is approved and gets into the office, we will be filing a claim. reporter: -- >> or would like >> or that tuesday by the end of the year. we should have something within the year an

. >>> live from the nasdaq markets overlooking times square, tonight "fast," disney is falling. the man himself bob iger will be joining us for an exclusive interview to talk about everything from espn to his blockbuster magic and he'll be in the sweet seat later on. plus the white house taking aim at a drug stock with a few simple words. and under armour said don't underestimate us. why doesn't he put his money where his mouth is? first we start with a bit of a mystery. maybe you can guess the stop. give it a try. less than $2 away from its all time high. up 48% from its most recent low in may. 2016. still not sure. since that low, it has added a staggering $200 billion in market cap. just to give you some context, that is worth more than the entire value of disney which just reported earnings. so do you know what it is yet? guess? >> he has his hand up. >> we'll tell you. apple. >> would you have guessed it? >> the all time high. also just 11 points away from a split adjusted price of a thousand bucks a share. the tech sector is outperforming all the other sectors by a wide mar

the signs of a u.s. supply gut. >>> disney disappoints. s on edge over espn subscribers. >>> and washington watch. things getting heated over the hearing of president trump's travel ban. the details coming up. it's wednesday, february 8, 2017, "worldwide exchange" begins now. >>> good morning. warm welcome to "worldwide exchange." i'm wilfred f

the stock is down. i can only describe as almost unlimited fire power. disneyurchased 15 million shares for roughly $1.5 billion just this past quarter, plans to buy another 7 billion or 8 billion over the rest of the year. i got to tell you as someone who can read that knows the way this company works, they have the potential to buy back a lot more than that if the stock retreats to let's say the low 90s although it will ever revisit that number while iger is still running the joints, unless some market selloff occurs. i say that because in all honesty, this quarter was the recognition that disney has become, let's say, the most derisked entertainment company of all time. now i know that iger used the term derisk in relation to the 30 movies that have brought in $800 million each and the prospect that among disney animation, marvel, lucas film, and pixar, you can simply consider these studios like procter & gamble's equivalent, disney. they're like tide, gillette, pampers, crest if you will. i know this had been their goal years back but it really came to frui

i think they are clearly looking for ways to take the disney espn franchise into the digital age. will look for a spin. vonnie: why wouldn't espn want to get away from disney and be possible on its own? paul: i think they like being part of disney is the big disney balance sheet which allows them of dollars for sports contracts. it has been a tremendous marriage over the last 20 or 25 years. i think all parties clearly want to see that continue to go forward. however, if we see may be starting tonight after the close quarter results, a decline in subscribers and i thought that might raise the pressure on management to think about ways to either turn the business to get it back on a growth plan or maybe spin it out. -- thereere won't won't be a "rogue one" in this bottom line -- paul: movie has been an absolute star for this company. disney does not seem to have too many misses. bob iger and his team spent the end of dollars buying proven franchises like pixel and -- reapingd now they are the benefits. if you take a look at the output for the disney studios, it is year after year af

the biggest focus will be on the biggest media giants disney. porting after the bell tuesday with lingering questions about the future of espn and disney's media networks division. the studio is coming off a record year with four of the top five films of 2016 and a number of big film franchises ahead. last quarter ceo bob iger said he was confident that espn would department and succeed over the long term. near material the deals with some issues. we'll see what kind of report iger has tuesday afternoon. >> so how do you play the stock beyond earnings? >> we're going to talk about the use of a calendar spread. to reduce cost or risk. in this instance, we're looking to profit from time decay. always helpful. so taking a look at this, we can see that disney has had a very strong run up over 20% off its recent lows. so the trade that we'll look here will be leaning in that same bullish direction. but only mildly so. this is a stock that moves about 6% on average. specifically i'm looking at the february, march, 115 call spread. you can guy march cal

this event here was held at the disney store in the springfield mall. company of six abc. >>> world news saturday is next here on channel six. don't miss "action news" at ten on phl17 tonight. then we're back here again on six abc at 11:00. now for melissa magee, jeff skversky and ther tine "action news" team, i'm walter perez, we will see you right back here at 11:00 o'clock. >> ♪ fios is not cable. we're wired differently. welcome to 8 and a half maple street. it's half a house. and even though it only has half a kitchen, half the closet space and a half bath, it's a full house to the wilsons. because they have fios, their half house has full internet, with uploads as fast as downloads. don't pay for uploads that aren't up to speed. get 150 meg internet with equal uploads and downloads, tv and phone for only $79.99 per month online for one year. only from fios. >>> welcome to "world news tonight." the travel ban showdown. a federal judge puts the brakes on president trump's executive order, barring some immigrants and refugees. six states now challeng

his parents realised they could connect to him through disney dialogue. theand really drew owen out of his autism. he learned to not only talk, but to connect with the world through these classic disney animated films. with a host of critical awards under its belt oj: made in america seems to be the clear frontrunner for the best documentary oscar. what happened 20 years ago still resonates today. the academy award is one of the most sought—after trophies in the film industry, particulary for actors. not only is it validation from their peers, but it can, obviously, greatly enhance someone‘s career prospects. with that in mind, let's look at who is in the running for the best actor and best actress categories. why? you ought to know... i don't want to know! the best actor prize could go to denzel washington. he has won twice before. he is nominated this year for his role as troy, a sanitation worker in 19505 pittsburgh, angry at the world, in fences, which he also directed. it is based on the prize—winning play of the same name. august wilson wrote an absolut

the signs of a u.s. supply gut. >>> disney disappoints. investors on edge over espn subscribers. >>> and washington watch. things getting heated over the hearing of president trump's travel ban. the details coming up. it's wednesday, february 8, 2017, "worldwide exchange" begins now. >>> good morning. warm welcome to "worldwide exchange." i'm wilfred frost, along with seema mody. in for sara today. good morning. >> good morning. >> let's check in on the global market action. we did see record intraday highs, so the dow and nasdaq yesterday, a record close for the nasdaq, not for the dow. but the daily moves higher were only slight. 0.2% of gains for those two indices. the s&p gains, but even less than that. this morning we are expecting slight gains once again. the dow called higher by 33 points. s&p by 2. nasdaq by 4. yesterday consumer staples and tech outperformed energy, as oil prices fell 1.5%. let's look at oil prices again this morning. the api reporting a large increase in weekly crude stockpiles than expected the. up by 14.2 millio

pretty steady premarket as earnings dominate the headlines, namely disney last night. eping our eye on any response to the appellate court hearing on immigration, tax reform debate rages on today. mixed morning in europe. the ten-year now 2.36 and oil is down on the second biggest api build on record. roadmap begins with disney's difficulties, bob iger on record, espn weighs on media giant. >> plus, courtroom grilling the trump administration defending its use of executive power and the travel ban before a federal appeals court. >> social media's in focus. facebook and twitter getting some upgrades ahead of earnings tomorrow. first up though, a bunch of earnings to get to, time warner a beat on both the top and bottom line. alaska air also beating the street announcing an increase in the quarterly dividend ahead of the meeting with airline ceos at the white house tomorrow. big report focused on is disney, revenue falls short of consensus, rising costs as we said, declining viewership at espn weighing on the results. here is bob iger last night talking to our julia boors

it expires at the end of june of 2018. disneysn't commenting and no update on the company's ceo search since last spring when iger's heir apparent announced his departure. disney has said it's looking internally and externally but there's no obvious successor. the two internal names are ben sherwood and head of disney's parks. neither of them has much experience as former ceo stags or as iger had. it's worth noting iger faced skepticism when he took on disney's top job criticized for mixed track record at abc and faced a lawsuit from disney about the process that selected him. we can expect iger's succession or contract extension to come up on disney's earnings call tomorrow afternoon. >> we certainly can. let's talk more about bob iger's future and what's ahead for disney. joining us is james stewart "new york times" writer. how would you describe iger's tenure thus far? >> phenomenally successful. the way he's managed. one of the reasons that i think it's a little risky for him to the stay too long is that disney is doing so we

the paid tv universe. i only need a little bit for disney to work well. stly was aheard bob talk about, iger talk about on the call last night, you know they're moving toward the direct to consumer model and we've seen with other platforms, whether it's cbs, show time, that there's real demand out there. there's 10 million americans paying subscriptions for ott services outside of the big ott players you know about. the demand is there. i think the opportunity and the risk is now that things get better than people expect on espn rather than worse. >> iger says there's way too much pessimism. i believe those were his exact words or very close to them. my last guest says that that's iger deflecting away the real issues that exist. is there any truth to that? do you believe that? >> i thought when we heard last night on the call was really the most succinct explanation or strategy from disney about driving espn over time. their focused on making sure espn is in every bundle. they have success now, directv now, every single tier. focused on direct to consumer,

the next contrarian trade. we'll explain. and missed a run on disney? ♪ relax. cause we have a way to buy shares of the mouse house for less than a buck. it's a blockbuster disney trade, and we'll show you how. the action begins right now. >> let's get right to it. because it was the best day of the year fort dow but despite the rally there are signs in the bond market that not everyone is getting on board. let's get in the money, dan, what do you make of that? >> i think an environment where we've been in, we have banks moving, they like the fact that rates have moved up but haven't gone a heck of a lot of late and the fact of the matter is you have a treasury yelled at 2.5% and the stock market feels pretty good about it. it seems like they could move together for all intents and purposes. to never problem that you have to me, i think the problem that you have here, though, is that there's nothing out there in a week that we saw the fed suggests these guys will get hawkish too quickly. it's set up for something. >> i don't know about the fed getting hawkish. th

i was invited to read at the disney store in times square. part of the disney reads day. she called them and they jumped into the ocean to help. bailey used his echo location. he's the whale. ooo! ooo! that's what echo location sounds like. >> echo location. nice one, ron. >> that is what it sounds like. i thought it was an advanced word for young kids. as lounge as 2. you can help readers get books by posting a selfie of yourself at #magic of story telling. for every one received by march, disney will donate a book to a nonprofit. >> you're amazing. i want you to come and read to my 2-year-old every nit. >> you got it, dan. >> did it say oh, oh in the text? or was that your own improv? >> it said ooo, ooo. sounded like. >> what was the book? >> it was -- "finding dory." >> i was going to say, my kid watches "finding dory" all the time. >> of course he does. >> he knows how to find me in the next room. >> you know what echo location is, right? >> echo location. >> rob does. >> i don't speak it nearly as well as uncle ron. >> oooo! >> that's howling. >> it bounces off and

the next report is disney after the bell tomorrow. let's get to the man who considers space mountain a national treasure. actually i really enjoy it as well. >> hey, how are you? >> yeah. it normally moves about 3.5%. right now market is implying a move of only about 3%. we did see activity in the march 20 and 125 call. intention 8 cents. those options expire this 39 days. for the stock on get up there, it will have to rally about 13.5% from the current price. what is interesting is that the stock really has not traded at its historical valuations. it now trades about 19.5 times trading and 17.5 times forward earnings. perhaps they think it will regain its moego. >> thank you. check out options action 5:30 on friday. there's the news fathat bob ige the guy who brought in the "star wars" franchise. things that disney is still capitalizing on. >> it feels to me like it is running out of gas. i hear it is a tail wind to the stock. it is butting up against that 110ish level. i would peel it back little. wait until after earnings. they say

the same thing is happening at disney. in the courts, we're waiting for a decision on the president's temporary travel restriction, at the moment, it's held up, delayed. it can be blocked for a very long time. at least california comes right out and honestly admits it, they'll fight the president on everything from sanctuary city to environmental policy. there you have it. in congress, in the boardroom, in the courts, delay and obstruct. of the left opposes president trump on all fronts. on today's program, president trump's response, no retreat. an investor's response, the trump rally continues. and "varney & company" is about to begin. ♪ >> any moment now, mr. trump, the president, will address a group of law enforcement officers, local county sheriffs from around the country and we expect him to talk about the legal battle over an executive order, and restricting travel from different terror hot spots. we'll take you there when the president starts talking momentarily. the markets appear to be shrugging off the uncertain

the future of espn and disney media networks division, four of the top five films of 2016 and number of bill film franchises ahead. last quarter ceo bob iger was confident espn would adapt and succeed over the long term and near term the company deals with issues. we'll see what kind of update iger gives tuesday afternoon. >> thank you very much. with all eyes on disney, how to you play the stock beyond earnings? call to action. >> we're going to talk about the use of a calendar spread. one of the reasons you'll use spreads generally speaking, number one to reduce cost or risk. in this instance we're looking to profit from time decay and obviously always helpful, improving the probability of success. taking a look at this, we can see disney has had a very strong run up over 20% off its recent lows. the trade we're going to look here is going to be leaning in the same bullish direction but only mildly so. this is a stock that moves 6% on average. specifically what i'm looking at is the february/march 1.15 call spread. you can buy the march calls for 1.25 and sell for 60 cents. you kin

at the top of the hour, dave and melissa will have the disney earnings. l be watching that. 35 minutes away, we're getting and i'm told, more video ingested into our newsroom from that tornado and the damage that is new orleans, louisiana. it was a sudden, sudden and vicious storm. that's the radar over the past 12 hours. you can see how it goes right through mobile, pensacola. new orleans got smacked with a tornado touchdown. we're going to bring you those pictures in just a second. it is a monster of a tornado. we'll be right back. . . i have asthma... ...one of many pieces in my life. so when my asthma symptoms kept coming back on my long-term control medicine. i talked to my doctor and found a missing piece in my asthma treatment with breo. once-daily breo prevents asthma symptoms. breo is for adults with asthma not we controlled on a long-term asthma control medicine, like an inhaled corticosteroid. breo won't replace a rescue inhaler for sudden breathing problems. breo is specifically designed to open up airways to improve breathing for a full 24 hou

if you go back the beginning of last year, we have seen that disney has done the worst. ook at disney over bob iger and remember the wall street journal reported the company is trying to get him to extend his term as ceo, so this is an index of media company pierce in white and walt disney in blue. line is in red, so you can see under his tenure, disney has handily outperformed the rest of the sector. we will see with the company says today and that there is any news on whether he will be staying on. that his grandmother has been pretty hot in recent days. still ahead, what would marine le pen's first act be should she become the next that's the latest national -- populist politician to upset. this is bloomberg. ♪ vonnie: you are watching bloomberg. mark: this is your global business report. -- fourth-quarter earnings fall short of estimates. whatny cfo tells bloomberg the dodd-frank repeal could mean for business. vonnie: another greek tragedy. the imf says the company will not meet targets set by euros and creditors. as president donald trump reviews the boko rule, a re

to sleepnumber.com for a store near you. >>> at least eight cars caught fire this evening inside the disneyd parking structure inside anaheim. it happened at 5:230 as people were coming and going from the garage. some people ended up driving through the thick area of smoke before evacuating. they are looking into what started the fire, but they do not believe it was intentionally set. >>> san leandro police are looking for the gunman who shot and killed a father right in front of his wife and kids over the weekend. it happened while driving down a busy street. as ktvu crime reporter henry lee explains investigators are calling it a case of road rage. >> reporter: marina boulevard is san leandro's busy street where they got into an argument with deadly results. it was about 9:45 on sunday night when a man driving with his wife and two young children began yelling at another driver. both were heading west. and then the woman heard some shots were being fired. >> reporter: her husband was shot in the head. the victim's wife would manage to take control of the suv. >> she basically slid right u

he's also the author of "disney war." ave you with us. >> nice to be here. >> a lot can be gleaned from a stock's reaction to earnings. in the after hours session, the stock was down as much as 2%. premarket, it's flat at this point. investors seem to be looking through the espn problem as if there was no problem at all. what's why r take? >> well, investors know there's an espn problem. we didn't really get much visibility on that here. i think the good news is disney is not going off a cliff. this is going to be a gradual transition, but nonetheless, this is a huge story going on here. the breakdown of the cable bundle. the cable bundle was god's gift to cable channels and disney and espn in particular. they are never going to replicate something that is that profitable where millions of people pay $10 a month for something they really don't want. i think the other story here is succession, calming investors. again, no big upheaval. they basically above bob iger. why wouldn't they? look at the record over his tenure ther

>>> later, the big change that may not be coming to disney. we will explain when "power lunch" returns. geto equies-rkd gokeokok. geto equade coirgi ha g gce4/ i at no, thanocus onatatt nfutm getoto saddidis can fg gce4/ >>> one of the standout commercials to some people on this team, as well as our next guest. let's get to it, talk about the ads. advertising worldwide. that ad was a perfect example of what i found sort of overwhelming in its theme last nigh night. >> it was a long way to go to get to the crv. >> you don't need a lot to get to the crv. you buy it and go. gets 30 miles to the gallon. >> was it one of your ads? >> that was one of our premiere ads. >> no. but i think it was a great ad. >> why? >> we're talking about building brands. yes, we have the foundation about what industry they're in, what they're trying to sell. we're trying to build an emotional high ground for them. what honda has done well for many, many years, it has a clear, what we call bedrock, strategy. >> high quality, good gas mileage, retain their value. they're

before we go, ginger, there she is with disney's fab five on the cruise sip "disney wonder." news, we're revealing the new cast right here on "gma" on march 1st. don't want to miss that. >>> a new season premieres march 20th. can't wait for that either. >> happy birthday, george. >> happy birthday, george. we love you. >> good morning i'm tamala edwards, 88:56 now, friday, february 10678 let's head over to karen rogers for a look at traffic. >> reporter: tam we have an accident on i-95 southbound at bridge street a single vehicle looks like it smashed into the wall, mostly off to the side. but we have an accident i-95 northbound at bridge street. you can see the jam two left lanes blocked with that one. an accident southbound and northbound on i-95. on the big picture we have an accident on the vine westbound ramp to the schuylkill expressway that cleared. so did the accident on the ramp passyunk to the schuylkill expressway westbound. the accident on the platt bridge eastbound is out there blocking the left lane. i-95 northbound we have an accident near bridge street. in warr

before we go, ginger, there she is with disney's fab five on the cruise sip "disney wonder." ing with the stars" news, we're revealing the new cast right here on "gma" on march 1st. don't want to miss that. >>> a new season premieres march 20th. can't wait for that either. >> happy birthday, george. >> happy birthday, george. we love yo >> anchor: good morning. here are top stories. two people aren condition, two firefighters are hurt after a house fire in northeast dc on maryland avenue tin capital hill neighborhood. crews tell us one victim was pulled from the basement. investigators looking into what sparked the fire. president trump's nominee for health and human services secretary tom price has official ly been confirmed. that vote passed overnight, 52- 47. no democratic senator supported price. they protested his nomination this week because of his support for nixing the affordable care act and overhauling medicare. much colder weather for your friday. here is molly. >> reporter: thank yous. temperatures right now in the 20 s to teens. feels like temperatures, so make su

before we go, ginger, there she is with disney's fab five on the cruise sip "disney wonder." with the stars" news, we're revealing the new cast right here on "gma" on march 1st. don't want to miss that. >>> a new season premieres march 20th. can't wait for that either. >> happy birthday, george. >> happy birthday, george. we love you. [ alarm weather.eping ] ♪ [ laughter ] cartoons. wait for it. [ cat screech ] [ laughter ] ♪ [ screaming ] [ laughter ] make everyday awesome with the power of xfinity x1... hi grandma! and the fastest internet. [ girl screaming ] [ laughter ] >>> good morning, bay area. let's get up and get going. >> this is abc 7 mornings. >> good morning and happy friday. i'm natasha zouves from abc 7 mornings. meteorologist mike nicco has a quick look at our forecast. >> hey, good morning, natasha, hi, everybody. get used to this, a fog coming at us the next couple of days. most of the steady rain is gone. we'll have a round of scattered showers through the evening hours, then bewe're dry from saturday through wednesday. >> things are thinning out through the

melissa: it is the happiest place on earth until you see the bill. disneyme parks raising ticket prices once again. a single day at the magic kingdom will cost you 107, 115 or $124 depending on season. david: just one ticket. melissa: one ticket for a person. two to five dollars for off speak. annual pass is going up $30 from 749 to 779. david: whoa. melissa: disney finishing the day higher, about $110 a share which wouldn't get you into the park. bad-dum. david: high prices i don't know how they afford it. >> is still packed. david: it is a miracle. >>> north korea's latest threat. meanwhile the country test firing a ballistic missile farther than any before and employing new technology. how the president plans to respond. lieutenant colonel ralph peters here to weigh in. melissa: evacuations underway in northern california. why hundreds of thousands of resident are forced to leave their homes. >> everyone is panicking. >> i'm scared. i've never been in anything like this before. >> people are stepping up and doing what they need to be doing. there is a lo

on that note, thank you so much. >>> the dow component disney, they said the revenue was weighed down by espn and its studio business. disney did report better than expected earnings of $1.55 a share. revenues down 3% from aier ago to roughly $14 billion. that's what investors focused on as shares fell initialfully afterhours trading. julia boorstin breaks down the pluses and minuses. >> the real drag on both disney's earnings and revenue is consumer, the shu of new star wars products resulted. with all eyes on espn, considered a bellwether for the health of the tv bundle, it dragged on the network division. thanks to advertising revenue and subscribers. but firing on all cylinders, the parks showing growth in the and u.s. abroad. thank to its new shanghai park. >> president trump's temporary travel ban is in a federal appeals court tonight. the judges will decide whether it can be reinstated or if the ban should remain on hold. each side will have 30 minutes to make its case. as we've been reporting, the technology industry has been paying particularly close attention. >> in a nut sh

a disturbance in the force at disney. we will break down the first quarter earnings.witter crackdown on hate and harassment. and meeting the makers. we are live from the toys 17 makers conference and we have tim armstrong and susan lyne. first, disney shares dipping after hours. the company reporting its first-quarter shares fell short of estimates. revenues shrank 3% year-over-year. they saw $3 billion of profit decline. espn had a lower viewership. it dragged down the result of the cable operations. theme stocks were a bright spot and were 13% higher than one year ago. joining us is paul sweeney, our intelligence director. i just got off of bloomberg radio, and the take was the numbers weren't terrible but not superstrong. paul: we will call it a mixed bag. i think what disney has set up the street for, fiscal 17 is going to be a tough profit growth quarter. the nba contract at espn, that is a new contract, $600 million inexpensive -- in expenses, that has tough cost comparisons. in the film entertainment business, they are only releasing seven films this year, they

the table. >> absolutely. also watch earnings today. disneyer the bell, mondelez, general motors before the bell. >> follows disappointing numbers from bp already. that's it for "worldwide exchange." with the help of the lowest taxes in decades, a talented workforce, and world-class innovations. like in plattsburgh, where the most advanced transportation is already en route. and in corning, where the future is materializing. let us help grow your company's tomorrow - today at esd.ny.gov >>> good morning. we have an earnings alert for you. bt shares under pressure. >>> the justice department getting ready to defend president trump's immigration order in court. now more than 120 companies have joined the fight against the travel ban. >>> plus your morning markets and money. stock futures inching higher as the greenback gains again. it's february 7, 2017, and "squawk box" begins right now. ♪ >>> live from new york where business never sleeps, this is "squawk box." >> good morning, everybody. welcome to "squawk box" on cnbc, live from the nasdaq m

what other parts of the business does disney have that can make up for that? >> the two big areas that they've been leaning on, i think they'll continue to lean on because they continue to invest in them, the theme park business they just invested $5.5 billion in shanghai, building cruise ships as fast as they can put them in the water, which are all good business for them and driving good results from the theme parks and result resorts businesses, and also the theatrical business, the film business, has been an incredible, consistent profit generator, unlike any studio that has to deal with the hits and misses of making movies. for disney it's been a straight linear line up from their business. those two businesses are offsetting what has been a surprisingly i think greater than expected decline in the core cable network business particularly at espn. >> breaking news on brexit. the u.k.'s lower house of parliament gave theresa may's government to -- the ok to begin the formal process of leaving. . it was approved in the house of commons. en it comes to theres

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we know disney was a laggard, the disney's come to life. j&j, nike. you see this when there's momentum in the market. at some point there's nothing left to play, everything's been played. this is pretty steep day to day. a day-to-day angle is quite extraordinary. >> when you're looking at johnson & johnson, carter mentioned it's more correlated to consumer staples. were you looking at those names as well? >> procter & gamble is another one i think they have the same headwind as far as the dollar. they obviously -- tax reform is a huge thing for them. i guess my point is that i think you can start to look at some of these names that have gone so offsides one different way, i think the expectation that we're going to have tax reform or some sort of deregulation or all whatever infrastructure in the next few months, i think it's very unlikely. i think we're going to continue to see a lot of poor messaging. some of these executive orders that don't turn into policy. i think ultimately some of these things are going to reverse. you're going to be wishing w

however, the dow and nasdaq losing steam. making magic. disney's numbers after the bell.he stock from here. and forget the immigration and the border adjustment tax battle. historic and divisive vote today to shape the direction of education in america. the repercussions ahead. >>> check out the movers right now. vulcan materials down about 4%. earnings at the infrastructure outfit missing wall street estimates. but the company does say its full-year forecast looks solid. shares of church & dwight up almost 4%. beating profit and revenue estimates. cardinal health rallying more than 3%. mixed quarter for that company beating on the bottom line, missing the top line. up about 2.5%. nasdaq hitting a record high. the index up about 6% already this year. let's go to bertha coombs at the nasdaq. ber that? >> thank you, ty. it's a large cap tech driven rally for the nasdaq. small caps are flat for the year but both nasdaq and the nasdaq 100 have gained nearly 200 points in just the last month. and chips are a big reason why. the philly sox index at a new high today of 16 years.

100% on raw tomatoes which means it is good and 75 -- a another movie everyone is talking about, the disneyive action beauty and the beast , three weeks away but you could be one of the first to see it. starting monday we give away tickets to an advance screening at the regal majestic theater in silver spring, do not miss your chance to win monday only on good morning washington. very cool stuff. look at this, for you, i promise cost teams -- costumes. larry: does this make me the beauty? jummy: when you die it is not good. here so ish you were could give you euros but you are in hollywood on the]. kidd: right behind me is where -- you are on the redcarded c --arper.t jimmy kimmel watch their last year but this year he will go across the street to the dolby theater 89th annual academy awards. the movies orall did you watch just "la la land." john: i have seen every one of the nominated movies, one thing i do is my homework. i am very prepared, i was a cub scout. kidd: he interviewed author nominees off the show, including emma stone. are: are there no -- jimmy: the relatives you forget, i h

chelsea clinton is where the disney hall of presidents go. do you remember small wonder? at is chelsea clinton. you have the robot. that went on. >> that's okay. we need a good laugh. saturday light live took its latest swing at the white house by placing a parody of sean spicer in the spotlight. the "wall street journal." are you okay? i'm going to put you in the corn with cnn. kennedy: that is actress melissa mccarthy playing sean spicer. expires admitted he would rather talk about the issues. "saturday night live" alienating audience by consistently attacking president trump or is it all in good fun? >> was it funny? i didn't think so. i think it only people who enjoyed it were the people who save the their way. they are sort of weaponnizing comedy. remember when they tried to excommunicate jimmy fallon base normalized trump? they are not --. kennedy: that's what "saturday night live" used to do. >> it has become a comedy safe space for people who see it that way. chicken soup for the woman with no soul. kennedy: they will probably not have milo yiannopoulos anytime soo

in the markets we are watching shares of disney. t reported better-than-expected earnings for the last quarter but could not keep up with results from a year ago. disney's theme parks however in this movies are doing well. espn continues to struggle. after the markets overall looking higher this morning. nasdaq will open at a record high. dow futures up 18. nicole. nicole: here's a look at headlines in today's edition of "the wall street journal." bad news for farmers. calling for a fourth straight year. the journal says income will drop by 8.7% this year amid a deep slump in prices. workers are set to strike at the world's largest compromise the workers at bullets and are expected to strike today. driving up prices on shortage at the middle of next week patients that could trigger strikes that other minds. goldman sachs was something about that this morning. twitter targets returning its ongoing fight against online harassment. the social network cutting visibility of low quality and keeping tabs on band treated to one of the stocks