the exit coming after trian lost the proxy battle.y did not return a request from cnbc for a comment. joining us is jason ware on the cnbc line. jason, thanks for jumping on the phone with us. >> good to be with you, frank. >> the technicals are pretty clear. disney shares are down 18% since the company won the vote. based on the scott wapner report. shares were around $120 a share. today, they are around 100. what does this mean? >> it doesn't mean much. we're investors, not traders. peltz advocated for change. they claimed they got what they wanted. look, it was a tidy little profit for the firm. we continue to look at the business longer term, not six months, but rather over the next many years. we still think thereare things to like at disney. >> a lot of things to like. disney's streaming business will turn profitable in the future. still concerns about the succession plan. just a question about the stock. does most of the investors believe that nelson peltz is right about a lot of his concerns? how do you interpret this reaction

. >>> we are looking ahead to disney's second quarter numbers today after the proxy fight with trianartners. just under 20% on the year. disney plus figures and the all important ad revenue is in focus as the company targets streaming. joining us to discuss the quarter ahead is tim mulligan. tim, great to you have here. >> good morning. >> what are your expectations for the report? a lot of things on the table. streaming profitability and succession plans and the valuation when it comes to hulu. >> all important points and results being released today with the report. the key area of focus from the consumer point of view is turning around the decline in average revenue per user in the disney plus offering. that is below $6 per user. that reflects the relative loss of subscribers internationally where they lost 3% of the subscribers internationally. domestically, they grew 9%. there is a divergence with the domestic part of the business. the overall cost for the direct-to-consumer segment for disney plus have declined over the previous 12 months. they are approximately $186 million of

and found management last month lost its bid to obtain disney board seats -- his tried and -- his triants bid to obtain disney board seats. sources say sony is working with another investor of queen's discovered -- discography which could total of $1 million. haidi: take a look at what we are watching across japan. talking about the pressure on -- that these bond yields have been putting on other asset classes including equities. that is playing out with japan. a big move in the 10-year yield, rising to 109.5. the highest since 2011. this is on the back of treasuries extending that slide. a trio of dismal u.s. treasury auctions putting pressure. and there is chatter about how bond yields in japan are rising fast enough to potentially pose a risk to stocks. it is starting to show with equity falling through the use claiming to multiyear highs. and other expectations of a bank of japan rate hike at this point. 10-year yields have risen in each of the last four years. we saw a big increase of 34 basis points, in 2022 also the only year that we saw a decline in the topix as well. so it's a

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this exit came after trian partners lost the proxy battle with disney.ere's peltz on cnbc after that defeat. >> i hope bob can keep his promises. i hope they can do all the things they assured us they were going to do and we'll only watch and wait. if they do it, they won't hear from me again. if they don't, jim, you may be seeing me on your show next year doing this same thing again. >> so nelson is gone fornow. i still think if the price were to come down and he thought there was another entry point -- >> it has come down. >> he could come. the question is would he come back? >> he sold at 120. >> i know. >> how lucky he is he? >> he made $1 trillion. >> how many shares did he have total? i'm trying to figure out the entry price. >> he didn't have a ton of them. it was like pearl -- >> if he bought at 100, i don't know if he would have made any money at all. the promise of all these things iger is doing running head long. >> you need to figure out how to make money on content. >> it is half that now. if he made money at 120, that's pretty good timing f

reads this saying in all criminal prosecutions, the accused shal enjoy theht to a speedy and public trianartial jury of the state and district wherein the crime shall have been committed, which district ascertained by law to bely informed of the natu and because of the accusat to be confronted with the tnesses againstto have compulsory process for obtaining witnesses in his favor and to have the assistance of counsel for his defense, that's the sixth amendment of the u.s. constitution and this morning we are asking all of you do you trust the american jury system? this jerry, the seven men and five women in the new york hush money trial, a little bit about them from the new york times. they write that they are from neighborhoods, different neighborhoods of the nation's largest city and hold a wide variety of jobs, representing a cross-section of manhattan. many have degrees and the panel may be aided by the two members who are lawyers, though nayar -- neither appears of criminal ex nothing about criminal law. just a little bit about this jerry, who today will start their second day of del