we're pleased with the role trian was able to play we will be rooting for the company's success.lowing that they had a role. i suppose the hard part starts now, which is execution for iger meantime, guys, china raising a red flag about overhyped stocks, especially in ai surprise, surprise warning traders in an op-ed in the security times earlier this week that some companies are simply riding on concept without conducting actual businesses some smaller ai companies in china have seen 100% to 200% gains. the biggest beijing, science technology, trying to slow the hype, saying its chatgpt style products do not yet generate revenue. saying, investors are piling into smaller firms al it is all we've been talking about stateside when it comes to the battle of our own tech titans besides this week's announcements, ai profits have ballooned throughout the season. mentioned 200 times this quarter but not just by the mega caps, but large cap names like qualcomm and service now sticking with ai, let's turn to alphabet our next guest is out with a new note after yesterday's sloppy chatbot r

trian amassing a $1 billion stake in disney.sue the succession plans of fox, stock underperformance, mike is this going to go trian and peltz's way? >> it's a long shot in terms of getting on the board, it's a half percent shareholder position, not something you can have direct leverage it's much more about kind of, you know, war of words, bully pulpit i'm not even sure it matters terribly much either to peltz or other share members. to me it's more about you have obviously a bob iger back there. they've had a couple good box office wins. it seems he bought at a very interesting moment when the stock was at a level it reached eight years earlier. i think it's the bigger stuff that's happening there with cost discipline and trying to make sure that they are spending the right amounts on content and trying to keep the subscriber base going and streaming more than any other strategic moves on the asset side. >> yeah, i do think the knock against froman, he was a u.s. trade representative, has been on this show many times. citing hi

situation, the macro, restructuring, cost cuts, on and on the proxy fight they have going on with trian. he has a lot on his plate tonight. >> stephanie yesterday or the day before said she's behind nelson peltz why wouldn't you want the help egos are involved here we know that there are a lot of moving parts. for me number owone is the streaming business the park should be fine. the big question in my mind is what is mr. iger going to do about spending on streaming? now where i am is spend on it, invest invest in it because by the end of the year i think you'll see profitability in the streaming business and that's something the market will love incremental margins once you get to profitability are tremendous. >> i know but their subscriber growth up a lot, expected to be year on year, is expected to be down sequentially quarter on quarter. so that suggests, right, that your prediction of profitability later on might be in question. >> certainly it might be in question. >> especially given what i read to you >> what i'm looking for today, i want to see blow-out numbers on subscriber ac

of ukraine, and this looks quite strange for a country that has lived this way all its life by the trian says a huge injustice happened to our country, we were deprived of two-thirds of the territory, we were unfairly accused, we were not aggressors, but we became hostages of this war, austria-hungary, hungary itself was not an aggressor in this war, why does it mean that we were deprived of two-thirds of the territory, hungarians live in different countries and this is one of the main topics of the political i would say the biography of viktor gorban means that if hungary got rid of two -thirds of its territory after the first world war , it is a historical injustice, it is bad and if ukraine gets rid of its territory, which is bought by russia, it is absolutely correct and logical, only the main thing is that everything stops and that hungary does not have any problems , so in this regard, i have to say that i do not consider this to be the correct position of viktor voroben himself as the head of the country, which several times i would say suffered from the russian occupation in the

that is what trian was pushing for and many in the investment world. is he staying? i don't know.he bar is really high. coming up, we talk with the ceo of duke energy. this is bloomberg. ♪ it's official, america. xfinity mobile is the fastest mobile service. and gives you unmatched savings with the best price for two lines of unlimited. only $30 a line per month. that means you could save hundreds a year over t-mobile, at&t and verizon. the fastest mobile service and major savings? can't argue with the facts. no wonder xfinity mobile is one of the fastest growing mobile services, now with over 5 million customers and counting. get in on the savings and switch today. - [announcer] imagine having fuller, thicker, more voluminous hair instantly. all it takes is just one session at hairclub. introducing xtrands. xtrands adds hundreds or even thousands of hair strands to your existing hair at the root. they're personalized to match your own natural hair color and texture, so they'll blend right in for a natural, effortless look. call in the next five minutes and when you buy 500 strand

activist trian sends a letter to shareholders to elect nelson peltz to, quote, restore the magic at disneyins brands tanking as guidance comes in weaker than expected. the company does ee liminate the dividend honeywell, growth liar than expected a lot of movers amid massive rotations. let's get a news update with contessa brewer. >>> eli lilly shares off the low of the day, down 6%. earnings topped estimates but sales of the latest diabetes treatment was light. merck is down 3% q4 results were strong but they gave light guidance for sales in 2023 as covid sales are to drop. >>> weekly jobless claims have dipped to their lowest level since april, indicating businesses are holding onto their workers. meanwhile, layoffs across the u.s. spike to a two-year high driven by near record layoffs in the tech sector. >>> long-time cryptocurrency critic is calling for sweeping measures to protect investors. berkshire hathaway vice president charlie munger says the u.s. should follow china's lead and ban cryptocurrencies all together he says they're more like gambling contracts than securities, or cur

following that suggesting the proxy fight is over there's a statement out just a short time ago from trian pleased with the role they were able to play we congratulate disney and bob iger and the recently announced operative a win and broadly aligned with our thinking. once you get past this amazing moment that unfolded, the rubber needs to meet the road on this restructuring plan from iger the stock was up more than it is now. i want to know what your take is and how you see this unfolding the hard work is just beginning not ending >> you just nailed it. and this is what i was trying to say to you in overtime." you caught my tone, my emotion that i was not that pleased. i wanted to hear the businesses are going great and they're adding subscribers and that's not what i got they need to do restructuring to make it good this is where the hard work comes in i think mr. iger is up to the task there is a question, and i asked it to you last night in a quasi rhetorical way, are we going to cut the fat or the muscle? i think mr. iger has a better hold on the creative forces at disney than mr. ch

things that key shareholders, including nelson peltz and trian want to hear, out of management in thehow quickly can these changes take root and how are you thinking about the stock and the trajectory of the stock in light of that it >> good morning. great day for you guys great tv our view is really happy bob is back we upgraded the stock the day he showed up. the tone is obvious. and that lifts the multiple. in terms of your earnings question when the numbers start really inflecting to a better position, it's probably two years out, right you get cost cuts on sgna, but the question is spending on content and a reallocation of that spend and that won't be immediate. you know, to david's comment it's going to be a 2025 n our view, that's the real question is earnings power here, right. most people didn't change numbers in the near term, and we still want more details, right we got a great tone shift a strategy shift, in terms of numbers changing, and the real earnings, that's to come, i think. our view is we raised our price target to 130. we still want to know more about the earnings