that's the point at disney plus. you don't have to rely on espn and you're making the transformative move to direct to consumer instead of an additive or cannibalization >> james, how do you think about where this stock trades. bernie has a $175 price target right now which is significantly higher and it's already trading at historically high valuation. >> i think it's much more than fair value where it stands right now because ultimately they made improvements on one side of the equation which is access but they haven't made improvements on the other side of the equation which is content creation it's not that they don't make great content, which they, do but the problem is they don't make content at the rate and pace that people demand in order to provide the sustainability on the subscription side of the business look at netflix turning out content nonstop. they are putting out four movies a year at $300, $400 million a pop. how many times your going to watch those? >> i know you -- i know you're dying to take the

is launching disney plus so soon in november this year another reason disney plus needs to launch soon is they need to announce their family oriented service and that's key because disney has won the hearts and minds of families across the wor world. they need to launch around the same time as apple plus to secure that their core audience doesn't -- >> and while you talk about apple, but what about netflix? which is the system that it already has the bulk share, the lion's share of people who watch streaming services how much of a threat to netflix does disney plus pose gin, as you say, that it's perhaps angling towards a more family oriented type of viewer? >> precisely bob iger on the call mentioned how bullish they were on hulu because they're the only true proposition of live sports, n s news, and film currently we see and they also mentioned on the investor presentation when they announced disney plus that the opportunity to bundle hulu, espn plus, and disney plus in the future, and that's when we see a true viable proposition that could compete directly and beat netflix domestica

where do you see disney doing this? is there a chance they will pull this off sooner than people expect? i think investors understand that this is a marathon. when you are looking to launch at scale, you saw this quarter directis segment, consumer international had lost about 393 million. those losses are only going to escalate. i think patience is going to be a key word here as they continue to invest in content and marketing and hopefully try to ramp up subscribers. we are encouraged by espn plus which seems to be off to a good start. i think the disney plus offering is also poised to get off to a strong start, especially given the investor presentation from management a few weeks ago. caroline: what is going against the trend is fox focusing on television. we are seeing fox outperform at the moment in terms of its share price. you are more neutral on the company but what do you think of these earnings and the future of the company? tuna: i think the future of fox looks good in terms of being a pure player within the

now disney has x-men. you could do "x-men" and "the avengers" cross over, we've seen two bill dollars for "the avengers," we could see four or five billion dollars. they penetrated the with big superhero franchise movies, that will grow larger as china and the middle class grows. i can't see a downside for disney. they're looking pretty good. melissa: dominic, what would be the question on the call? >> my number one question is going to be how do you guys see the subscription based produced for disney plus, i would have years, one year, five years, 10 years. this is a big part of it. espn plus has been i wouldn't say a total touchdown for disney but it is doing okay. disney plus where they take this to the next level. i want to know what those projections are. i want to know the really solid numbers. they talked about this in the big presentation they did on the burbank lot. i want the hard numbers. now that will have the street have expectations they can peg the company into, going forward into the three

. >> tim seymour and guy adami, check out shares disney. the conference call is going on and we'll hear from bob iger later this hour and we've got the man who wrote the book on disney literally jim stewart of "the new york times" will be here to give us instant reaction and the market attempting to make up some ground today and deal hopes and falling short of the close take a look at some of the trade war casualty across the board this week and u.s. steel, the biggest loser down 9% and the tech giant alibaba under pressure look with wynn and deere. so as deal talks hang in the balance, could this be your best chance to buy these stocks or is there more pain ahead? >> can i ask you a quick question >> yes >> what was the name of that song >> i have no idea. >> who was the name of the band who created that >> war >> let's keep going. thanks. >> why do you do that to me? can we resume the show we are one minute in and we haven't gotten anywhere. we're starting with u.s. steel trade it or fade it, guy >> a couple of weeks ago it was the nfl dr

and hulu all in the disney universe, disney has full control of hulu. we'll be able to basically treat it as another full disney property with a 33% owner and comcast prior to this deal there had been concerns on the disney side that it simply would not be able to do all the things it may want to do in terms of well, one customer sign on for all services, discounts if you own all three and any number of all things disney is freed up to pursue as it pursues that very important direct consumer strategies for nbc universal and comcast, the deal establishes $27.5 billion on hulu. hence the 33%. what that could be worth five years from now it does allow for comcast not to contribute during capital calls and the period from now until 2024 comcast can do that and hulu still needs money. it does not have to. it chooses no to participate capital calls. it can be diluted down to 21% stake over the next 24.5 years there is content licensing agreement between universal. nbc universe universal three years can choose to remove from the hulu platform if it chooses to

there won't be on disney plus. the advertiser, given technology available, given the data available will find its way to the consumer so to speak, a way of delivering their messages. reporter: you've been ceo since 2005, with the company before that. the stock has gone from its 20s, to above 131 last price i checked. you created enormous amount of shareholder value. what is your take on somebody like abigail disney who goes to capitol hill, says she tried to raise questions about ceo pay and you and others personally, felt she had to go public. are you surprised she did that? >> i don't really want to address what she had to say. we care about our employees and cast members deeply. there are 200,000 of them around the world. we're mindful of what they are paid, what benefits they get, other things they offer. we launched a education program aspire, to give free education for hourly employees. reporter: about 80,000 people. >> i love the fact so many have signed up. we just announced yesterday of a program to help s

our deirdre bolton sat down with disney ceo bob iger. >> we price disney plus to be very accessible. we're putting on is popular product disney animated movies back to snow white. and "star wars" film, and marvel films. and all new things that we're making. i actually don't believe that price will be much of an issue for us. for people who maybe condition -- can't afford to spend there are $7 a month possible they will give something else up for it sure, or wait. of course, there is a lot of competition, but we have competition in everything we have done for decades, we spend more time worries about focused on what we're making and how we deliver it on the consumer, less about the competition. david: is iger underestimates comp days. >> he has to be marveling a little bit, i wish we had this competition in healthcare or education. the areas monopolized by government. this is amazing, i would bet on disney, not threat net blix or -- not netflix ora or apple. the reason is their theme parks, it is over bought but as long as they continue to reinvest, disney is on top. >> a great point

i talked to the disney ceo bob iger about where he sees disney plus fitting in. >> i've heard you say it's going to be about choice, hulu, espn plus, disney plus, what is this going to look like for consumers who want choice from disney content. >> we believe all three will offers consumers different kinds of programming. i think that you're going to see a lot of change in media due to technological disruption, and that will create change in consumer behavior. >> so where are we at this point in the streaming game? what inning are we in in the streaming evolution because i'm not sure if this is the second inning or we're half way through this ball game. there's netflix, apple, warner media. there's so many players, is it going to continue to evolve? >> i think we're in the early innings, direct to consumer over the top pamplatforms that are focussed more on program consumption are likely to grow significantly over time, and i think you're going to see consolidation on the linear channel front. when i say later innings, i don't want to suggest it's not going to be an extra inning game

. >>> battling ceo pay on capitol hill, the disney heiress abigail disney calling out corporate leaders hoarding company profits as she sees it. what the move could be mean for capitalism in the u.s. only pay for what you need. liberty. liberty. liberty. liberty. ♪ if ywhen you brush or floss, you don't have to choose between healthy gums and strong teeth. complete protection from parodontax has 8 designed benefits for healthy gums and strong teeth. complete protection from parodontax. and i recently had hi, ia heart attack. it changed my life. but i'm a survivor. after my heart attack, my doctor prescribed brilinta. it's for people who have been hospitalized for a heart attack. brilinta is taken with a low-dose aspirin. no more than 100 milligrams as it affects how well brilinta works. brilinta helps keep platelets from sticking together and forming a clot. in a clinical study, brilinta worked better than plavix. brilinta reduced the chance of having another heart attack... ...or dying from one. don't stop taking brilinta without talking to your doctor, since stopping it too soon inc

disney very clearly all in. when i sat down with the ceo bob iger, we didn't just talk about the parks business. we also talked about the business of streaming. as we all know, disney plus is slated to launch later this year. i asked him how he priced it to be competitive with amazon, with netflix. here's what he told me. >> we priced disney plus to be very accessible. what we are putting on is incredibly popular product, disney animated movies going all the way back to snow white and the star wars films and marvel films, i could go on and on, and all the new things that we're making. we wanted as many people across the world to be able to afford what they love which is all these properties. so i actually don't believe that price is going to be much of an issue for us. reporter: you heard bob iger describe the pricing as accessible so in other words, he does think that people who already pay a cable bill for access to abc, espn and the disney channel will for the most part be able to afford the disney plus if th

disney plus is launching in november. investors are waiting to see what they say about his upcoming films and a streaming app coming out this year. because of all the big blockbusters this year, the line 2020 will look relatively boring in relation because there will not be as many big films. amanda: obviously, the studio entertainment division gets the lion's share of our attention because of the blood esters, -- blockbusters, but what about all of the other three media groups? this is not the year end, that does not happen until september. but we may get a read on how things are going. the streaming how strategy is affecting the network business, from an operations perspective, and also from a sense of morale within the company. what we will see happening is when disney plus the streaming strategy launches, a lot of the content that would go to these networks will increasingly be reserved for disney plus. we may see the down the road with espn as well, where disney starts to shift more and more of its content to the app

>> we priced disney plus to be very accessible. what we're putting on is incredibly popular product. disney animated movies, going back to snow white, star wars films, marvel films, i could go on and on, all the new things we're making. we wanted as many people across the world to be able to afford what they, what they love, which is all these properties. i actually don't believe that prices are going to be much of an issue for us. given what is available in the marketplace, alternatives for people who can't afford to spend another $7 a month, is it possible they will give something else up for it? sure. is it possible they will wait, to subscribe until they believe they can afford it? of course. we purposely kept the price down so it would be more affordable to more people. >> with disney plus i'm assuming net ads are the first metric you will look at for the first 12 months. is there a metric you're personally looking at, this is why we did this, this is what i want to see? >> i think in terms of the metrics we will be most focus

how disney is looking to appeal to consumers with content that complements disney plus that includes a new slate of hulu content around food starting with a show from chrissy teigen now another interesting nugget here as hulu looks to maximize the value of its ads which netflix does not have, hulu introducing special ads to target binge viewers and others to play when users pause a show. guys >> this is so interesting. especially to me, the ghostrider and helstrom move. netflix had marvel content including jessica jones daredevil, luke cage does this mean if people want their marvel fix they will have to do disney plus and hulu and does that suggest something about what igor and company might want to do to tie those two things together? >> well, it kind of sounds like it, john i think the marvel content that's more family oriented for younger audiences for probably age 13, 15 and younger that will really be on disney plus helstrom this is more than pg-13, this could be for the more mature audiences that the kind of audiences that would watch even fx. what we're seeing disney do now t

disney plus is slated to be a global brand. the expectation is they will take the brand globally because disney is a global company and has global ambitions. netflix is a global company as well so they have to be there. they will have an opportunity to segment the market with disney and then the hulu product. vonnie: say it doesn't pan out the way they imagine it will, could disney take the fall? paul: absolutely. this is really bob iger's legacy. he is shifting the business model from a television centric model where the cable television pays for what they produce and then walking away and going more to the direct to consumer streaming model that netflix has made successful. it is a big risk because nobody makes more money off of the distributors like cable and satellite than disney. vonnie: paul sweeney, thank you. both stocks, comcast and disney, 4% but it is an up market today. coming up, saudi arabia temporarily shutting down a pipeline after it was hit by armed drones. we will speak to middle east oil experts. a quick che

. >>> disney's avengers endame has gone where few films have gone before. marking yet another milestone inr the film and the entertainment dustry. we have the details. >> avengers end game continues its record run with abo $2.2 billion in tic stales. never before has a film s generatedh a high box office in such a short period of time. it's only the fifth film to gross overon $2 bil worldwide. is thengers end game second biggest filmr eve behind avatar. it drew $2.8 billion in worldwide ticket sales back in 2009. bolstered by end game, disney is dominating the box office, sponsible for29% of allti ckets sold in north america this year. d dominance expected to continue with live action aladdin' and lion king films due out this summer along with t story 4. and end game has been a big win for theaters. drawing back the big screen and the box office declinedy double digits and one advantage of getting audiences back, t opportunity to show trailers, to get them excited about upcoming films including spiderman far from home hitting theaters in july. r nightly bus

disney's earnings last night, you're in the digital media. that's your business entire stake in vice to zero. >> are you trying to say iger should have invested in ozy? >> that's one way to look at it. that whole space has been very, very challenged. a, how it's going for ozy and, b, how you look at this. >> it's perfectly timed to the conversation that alex and i are having companies that have been digital only, that's the only way consumers can enjoy it, it can definitely have a harder time, whether that's vice, buzz feed, mike gimlet and podcast space, folks behind coacha and the event space, people like ozy that are doing prime time television shows, festival like ozy fest, you have more legs to stand on and i think you've got a broader, sturdier media company. >> iger hired jimmy from espn, all of a sudden you get espn plus now they've gone past the $2 million mark great defense by bob iger. >> also the sale of the regional sports nets went for $10 million. >> 10 billion. >> 10 billion, i'm sorry, rather than the 20 some had been expecti

liz: abigail disney, the granddaughter of yes that disney , walt disney company, co- founder roy disney slamming corporate pay gaps including the one between bob iger, the ceo of disney and average workers, this in a capitol hill hearing went so far as to capitol hill telling congressional congress that companies must change the way they "practice capitalism" and here is what she suggests could be done right now. >> disney could tomorrow raise the salaries of all of its workers to a living wage and nothing about doing so would constrain any capital market anywhere. disney could take half of this year's enormous bonuses and put them into a dedicated trust fund that would help with employee's emergencies. it could already stock options to all employees and not just to people at the top. liz: i spoke to mark cuban, the billionaire investor last week about his thoughts on income and equality and here is what yes, that billionaire told me. >> as someone whose wealthy and someone who was looking to benefit the company, every capitalist has got to do the same thing. we have to say look if we a

and disney earnings come out after the bell the stock is up 17% in the past month. should you buy ahead of the results or just hang on and watch and see? "power lunch" starts right now >>> welcome to power lunch a volatile trading session here off yesterday's big losses wall street still trying to make sense of the headlines about trade talks. the dow in the green right now higher by 90 points or a third of a percent it was up more than 130 points at the high. all three major averages trying for their first gain in three days >> and today's market turn around coming as the white house seems optimist take china wants to make a trade deal eamon javers has the latest. >> they seem optimistic. they're not saying why they're optimistic we saw the tweet from the president earlier today when he said he was informed the chinese were coming to washington tomorrow to make a deal. that is the chinese vice premier who is leading the delegation arriving here some of them today. negotiations and meetings tomorrow it's not clear what the president based that on. sarah sanders came

all part of disney's push into hulu. not as high as disney plus. the two will complement each other. they will split up their tv and movie content. disney plus will get the likes of marble and star wars. hulu will get fx content like american horror story. guy: talk to me about the cost drag. kailey: hulu is not profitable. to be does not expected profitable until 2023 or 2024. definitely a cost to drag. investors positive on this. putting out an interesting note -- munis putting out an interest -- mooneys putting out an interesting note because by the time disney has the option they will have -- vonnie: kailey leinz, thank you. our stock of the hour. coming up on "balance of power" with david westin, former energy secretary ernest munis will talk about the timing of the iran energy deal. perfect timing, because right now mike pompeo and the russian foreign minister are speaking. minister saying he hopes for some agreement on iran with russia and the united states and hopes for better russia dying blog post robert mueller and mike pompeo saying goo

world. >> going to disney world >> going to disney world >> so is dan nathan, but he thinks the stock is about to wake up from its dream rally he's got the trade it's time to risk less and make more the action begins now. and we start right there with disney the stock has been on a magical run. check this out shares have been up 20% in the last month alone as it unveiled the streaming plus service and broke records with the premiere of "avengers endgame." the options market implying a move of 4% in either direction so let's get in the money and dan is looking at disney >> they report next week and it will be really interesting and i cannot remember the last time that we've seen a mega-cap stock like this gap the way it did and not basically on an earnings event and something that was structural to their business that everyone saw coming, and it was really about this over the top announcement from that investor day that they had on april 11th and they caught a lot of people off guard and i'll let carter speak to it, and we see this consolidation that it happened most of this year and a

endgame" is going to show up on disney plus on december 11th. so one month after the disney plus service launches. so bob iger just announcing that on the call. but i think what's interesting about this, it highlights one of the biggest questions out there for disney. as we know, this stock hitting an all-time high fairly recently. and as far as analysts are concerned, they want to know how disney plus is going to compete with netflix, how it is going to compete with amazon. some of these little clues that are being built out about disney plus, quite happy for those. one thing i want to make as a separate point here, david, as i went through the different areas of revenue that are part of disney. so media networks, parks, and experiences and consumer products and then studio entertainment. so the revenue on media networks and parks experiences and consumer products exceeded wall street's expectations. the only one that was a revenue miss was the studio entertainment. a lot of people were saying ahead of time listen these comps were going to be r

who want choice from disney content? >> well, we believe that all three will offer consumers different kinds of programming. i think that you're going to see a lot of change in media due to technological disruption, and that will create change in consumer behavior. >> and iger says you can expect even more change. >> what inning are we in in the streaming evolution because i'm not sure if this is the 2nd inning or we're halfway through this ball game, i mean, there's netflix, apple, amazon, warner media. there's so many different players. is it going to continue to evolve? >> i think we're in the early innings. direct to consumer over the top platforms that are focussed on program consumption versus channel consumption are likely to grow significantly over time, and i think you're going to see consolidation on the linear channel front. i think you're in the, when i say later innings, i don't want to suggest there's not going to be an extra inning game when it comes to the channel business but i think that's a mature busi

they say it accounts for 40% of disney's overall revenue and is becoming more important when disney's most profitable business tv is losing viewers. i spoke to disney's chairman for park experiences and projects and he said that investors should expect that investment to continue. >> walt disney said disneyland would never be complete as long as there is imagination left in the world. i suspect that this is a new high water mark, but it is not the end. ed: disney bought lucasfilm and the rights to star wars for a $4 billion. it has grossed almost $5 billion. disney hopes that the park will drive further sales of merchandise. the star wars markets had less traffic in markets like asia and china in particular. bloomberg intelligence expects the force to be strong with disney, especially with parks revenue, when it reports third quarter earnings in august. emily: that does it for this edition of bloomberg technology. we will see you back here tomorrow. this is bloomberg. ♪ >> the following is a paid program for crepe erase. announcer 1: america's number one antiaging body treatment sys

this is one of the more highly anticipated disney earnings calls in a long time. they've got a lot to talk about, the fox acquisition, star wars land and how does wall street prioritize those things. >> just off the bat i'm so glad you mentioned that film distribution schedule that disney did, because one analyst i spoke with said listen, this locks up disney's close to monopoly on hollywood for the next ten years. that is somebody who is neutral, by the way, on this stock. i did speak with rich greenfield, at btig media analyst. he said the most important today that we can hear is what disney's plans are for traditional media, so cable, broadcast, in the midst of trying to shift to basically media company direct to consumer, meaning putting all of its firepower into disney plus as well into hulu. that's what he's going to be looking for. but charles, you're right as far as overall market sentiment. this is such an important company, it's part of the dow and in the past eight quarters, charlie brady did all the math saying disney actually exceeded earnings estimat

galaxy's edge is disney's biggest ever park expansion and it comes more than 40% of disney's overall revenue. it is becoming important at a time when tv is losing viewership. disney invested more than $1 billion in the land and 4 billion dollars across parts in 2018. i spoke with disney. should expect that kind of investment to continue. bedisneyland would never complete as long as there is imagination in the world. disneyple that with walt , and i suspect this is a new high watermark, but not the in. >> disney bought lucasfilms for owns $4 billion. the gross receipts has totaled was billion dollars. disney hopes the parks will drive further sales of merchandise. the star wars franchise has had less traction in key markets like asia and china. even though, reservations for california sold out within two hours. bloomberg intelligence expects the force to be strong with disney when it reports third-quarter earnings in august. next, battle of the charts. next inrters facing up a galaxy rather close by. this is bloomberg. ♪ ♪ you are back with bloomberg markets. battle of the charts.

abc, espn, the regular disney channel, would those people also pay for disney plus? so you heard bob iger's answer there. as we know going forward, a lot of competition, whether it is amazon or netflix or particularly apple. we know apple ceo tim cook said he wants to develop specifically family-friendly programing. of course that is right up disney's alley. meantime people here could not be more excited for tomorrow. so, melissa, it is going to be a big day here in anaheim. back to you in new york. melissa: i'm so jealous, i can't wait to see it myself with my kids. deirdre, thank you. you are not a giant fan of "star wars." i will embarass you here. connell: i am not. i'm a negative person. look at my uber rating. they will use me as the job for that kind of stuff. a good story and good interview with bob iger. as we continue severe weather hammers the midwest and the south. all inner of areas see thunderstorms and flash flooding. how residents are recovering. we have a live report next. back then, we checked our zero times a day. times change. eyes haven't. that's

recorded better than expected second quarter revenue of close to fifteen billion dollars disney is on a mission to turn into a streaming powerhouse with disney plus with the c o x x the service to run at a loss for the first five years. shares in german engineering conglomerate siemens have jumped after the group reported steady profits in the second quarter the results follow its announcement that it will spin off its power and gas unit the former core of division has come under increasing pressure in recent years as many countries move to renew a bill energy like wind and solar power the gas and power unit is the companies to be lucrative siemens plans to poke us on the digital industries and smart infrastructure as well as its health and mobility units. and that's it for me and the business team in berlin for more business news and features you can always visit d.w. dot com slash business thanks for watching. what's the connection between brett powell and the european union dinos guild contests e.w. correspondent alan baker can stretch this particular line with the words sex by the

meanwhile, the hollywood reporter has this picture of disney boss bob iger, who has said it will be "very difficult' for disney to keep filming in georgia if the state enacts a new abortion law." —— bob iger, who has said it will be "very difficult" for disney to keep filming in georgia if the state enacts a new abortion law. and finally, the bbc website has this report from ofcom, which shows as online usage grows, so do social media concerns. what do you think? are you worried about how much time you're spending online? let you're spending online? us know. so let's begin. you're spending online? with me is jane foley, who's senior foreign exchange strategist at rabobank. welcome back. starting with the story here with borisjohnson facing trial over misleading claims over brexit. he of course denies all of these accusations but how damaging is this on a political level, never mind the court case itself? the timing is interesting because we are in the beginnings of the leadership battle for the tory party and according to the bookies at least johnson is the favourite. certainly, i

. >>> disney, it's been on a magical run. check this out shares have been up 20% in the last month alone as it unveiled the streaming plus service and broke records with the premiere of "avengers endgame." now the company is getting ready to report earnings next week the options market implying a move of 4% in either direction so let's get in the money and dan is looking at disney >> yeah, so like you said, they report next week this is going to be really interesting. i cannot remember the last time that we've seen a mega-cap stock like this gap the way it did and not basically on an earnings event but really on something that was structural to their business that everyone saw coming and it was really about this over the top announcement from that investor day that they had on april 11th and they caught a lot of people off guard and look at the chart on a one-year basis. i'll let carter speak to it, and we see this consolidation that happened most of this year and an utter explosion and you back it out to five years when the

it's all disney." >> john walks away, but, like disney, expands in florida. the may family opens a second bug museum in the popular theme park weeki wachee springs. he straps his signature beetle onto his pickup and drives it cross-country. >> what did you think as kids when you had this big beetle to transport on top of the car? >> [ laughs ] well, it's a real traffic-stopper. it really is. but there he is. >> he thought if he could lease in a good location, we would make a lot more money, but there, he had to build special cases out of metal. i mean, it was a major project to be able to display without the whole collection being destroyed. >> ultimately, john may's venture in florida runs into the same problem he faced with disney. >> the reason that we left florida was because abc-paramount took over weeki wachee springs, and they didn't want us there privately. they wanted to either buy it or we had to leave. >> in the mid 1960s, john carts his bug collection back to colorado, but the experience makes him realize he needs more than a bug museum to draw cu

disney is preparing to launch its own streaming service called disney plus in november. that service will cost $6.99 per month. disney is vying for a bigger pieces of video streaming markets dominated by netflix and amazon. >>> and american tourists will soon be able to get more than a big mac at mcdonald's ins ma embassies. services include replacing a lost or stolen lectedcause of the brand fame of americans. >> i don't know if i'm lovin' it, but i'm sure if you were in austria finding yourself in need of help, you would be. >> yeah, i like that one. >> diane king hall at the new york stock exchange. thanks a lot, diane. >> you've got it. >>> still ahead, a shocker. at the nba draft lottery. which team is expected to land zion williamson, one of the biggest prospects in the league's history. zion williamson, one of the biggest prospects in the league's history. a salad should be. and with panera catering, there's more to go around. panera. food as it should be. want to brain better? say hello to neuriva. so nice to meet you june, jay, ji, jj kay, raj, and... ray! good

>>walt disney world employs more than 70,000 people i started off in 2007 as a disney college program created fox knows what it's like to work there like my first roll out of high school is central florida native got his college degree in then started his career when currently an executive personal assistant, it's a job, he liked now have a disney. but simply find seems easier said than done at play right away i'm but i'm 14 there's thousands of people applied for those roles. brennan says he has applied time and time again, but he keeps hitting this digital dead and so he says he's not the shop search on a new road, 5.35 to be exact and the idea is hard to miss when you're driving by, but it is an idea that brandon says he hopes will help ease job search. >>start looking up. >>alexis edge of a real with clear source into florida says even without a billboard their ways to stand out in the job certainly look for those key words are hated in the job description so if you don't have those keywords those specific skills that the industry and specifically the employers looking for then yo

rights to disney and fox programming they had a further ability to restrain disney in terms of any global ambitions with its hand on hulu's throat and they let it go and this is speculation on my part i have to believe that there were some regulatory rumblings with comcast having gotten out of the consent decree that allowed them to have a vote in hulu that unleashed them in certain respects and it may have been that they felt that regulatory heat could come back if it was being alleged that somehow they were restraining disney from being a full fledged competitor to netflix and wasn't that worth hassle so do the deal now instead of waiting. >> what about -- let's talk a bit out in the future now, three years hence, comcast can pull its content or a lot of it from the hulu platform as it develops its own streaming service beginning next year. where are we going to be in terms of so many of these offerings where it would seem they're compelled to create their own content. does everybody else put up their own walled garden with their content. >> great point, david. and this is where the fox

disney is losing viewers. i spoke to disney's chairman for park experiences. should investors a expect that kind of investment to continue. >> walt disney says that disneyland would never be complete as long as there is an imagination left in the world. if you couple that with the ambition of walt disney imagineering and i suspect that this is a new high water mark that is not the end. just the beginning. >> disney bought lucasfilms in 2012 for almost $20 billion. the receipts of those films have totaled $5 billion. the expectation is that this park will drive the desire for more merchandise. reservations for the land in california sold out within two hours. investors expect the forced to be strong with disney when it reports fourth-quarter earnings and august. >> thank you. this is bloomberg. ♪ >> it's time for options inside. up month of may is shaping difficult. stocks are down 6% on the month. yields also continuing -- what do you think of june will bring? >> it is tough to say. what i know between now and the end of june, there is not a whole lot of ups

world. >> i'm going to disney world >> so is dan nathan, but he thinks the stock is about to wake up from its dream rally he's got the trade it's time to risk less and make more the action begins now. >> we start right there with disney the stock has been on a magical run. they're up 20% in the last month alone. as it broke records with its premier of ajengers end game the options market implying a move of 4% in either direction dan is looking at disney >> so i think it's going to be interesting. i cannot remember the last time that we've seen a mega cap stop like this the way it did but really on something that was structural to their business that everyone saw coming and it was about this over the top announcement from that investor day that they had on april 11th. they caught a lot of people offensively guard. look at the chart on a one year basis. we see this consolidation that happened most of this year and then an outer explosion, but you back it out to five years when the s&p has been skipping up about 15% on average per year and you see this massive consolidation and just a m

disney plus, these franchises that disney controls could be pumped through that venue and with some success. so i think it's interesting. also, iger never wants to betray an idea that he's doubting the momentum or reliability of any of these franchise sets so they'll just keep going hard marvel, star wars, all of them >> it's what you've just talked about. it's about plus, it's about parks, it's about films, it's not about espn or what's happening there. they bought into it. >> it enabled them to make that shift. espn is a much smaller piece of the hole and it's about exclusive content and how to monetize is down the road >> whether it's still an issue or not, the street doesn't seem to be focused on it. >>> ten-year treasury yield hitting the lowest level in two years. we'll break down the chart to see whether history says we could see yields bounce back my degree from snhu has helped me tremendously. the flexible class schedules allowed me to go to work full time, run my catering business and be a mom and parent. when i reached this accomplishment, it was like, it's here, it's happening,

they say it accounts for 40% of disney's overall revenue and is becoming more important when disney's most profitable business, tc -- tv is losing viewers. chairman forsney's park experiences and projects and he said that investors should expect that investment to continue. said disneyland would never be complete as long as there is in this -- imagination left in the world. i suspect that this is a new high water mark, but it is not the end. disney bought lucasfilm and the rights to star wars for a must for billion dollars. it has grossed almost $5 billion. disney hopes that the park will drive further sales of merchandise. lesstar wars markets had traffic in markets like asia and china in particular. bloomberg intelligence expects the force to be strong with disney, especially with parks revenue, when it reports earnings in august. that does it for this edition of bloomberg technology. we will see you back here tomorrow. this is bloomberg. ♪ paul: welcome to "bloomberg daybreak: australia," i am paul allen in sydney. emily: -- ♪ ed: >>>> -- here the top stories. the treasury keep

julia boorstin has more on disney's results. >> the key takeaway from disney's better-than-expected results is parks, experiences and products divisn performed far better than expected with revenue growing 5% in the operating income growing this was driven by the domestic theme parks and resorts with guests spending more and higher attendance witas incre in average ticket prices as well as higher food, beverage and g.rchandise spend all of this growth comes ahead of a big expansion f disney's u.s.ar. star wars galaxy's edge launching at disneyland later this month and then at disney world in orldo in august. for "nightly business report," i'm jiaoorstin in los angeles. >> on wall street, investors were in wait and see mode ahead of trade talks with the u.s. and china and the selling of the past two days,nd the buying did not pick up. the dow jones industrial average was up 2 points to 25,967. the nasdaq fell 20 and the s&p 500 was down four, and intel was part of the reason why stocks came under pressur late in the day. the dow component issued a three-year outlook that investors viewed as

are you ready for a whole new world of disney films coming at you? you've got a friend in woody, buzz, and me inevitably crying in the last row of the theater. "toy story 4" hits theaters in june. then the beyonce king, i mean lion king, roars to life in july. maleficent before halloween. thanks for the costume ideas, miss jolie. frozen 2 november. "star wars: the rise of skywalker" in december. in 2020 let's get down to business. live-action "mulan" in march. scary ex-men movie. new mutants in april. in december "west side story." ♪ and spot emma stone playing a fur-loving fashionista in cruella. 2021. indiana jones in a new movie in ju avatar 3, 4, 5. come out december 2023, '25, '27. mixed in between all of that, seven untitled marvel movies, four untitled pixar movies, three untitled disney animation movies, nine untitled disney live action movies. >> future's looking bright. >> my bank account's looking broke, i'm going to be sitting in amc quite a while. >> you work for the parent -- you're part of parent company disney, whatever. all of that

entertainment giants disney have issued a warning that they may not continue to film in the us state of georgia if new restrictive abortion laws come into effect. the studios, television and film productions are responsible for tens of thousands ofjobs in the state. israeli politicians have voted to dissolve parliament and hold a snap election. the newly re—elected prime minister, benjamin netanyahu, has failed to form a governing coalition. the vote, in september, will be the second this year. his attempts to put together an administration collapsed amid differences between secular and religious parties. now it's time to look at the stories that are making the headlines in the media across the world. we begin with the independent, and the familiar face of conservative mp borisjohnson, who is accused of misleading the british public and lying about the consequences of brexit — a charge he denies. many of today's papers, including the times, carry a report saying that graduates should pay back their student loans sooner, and for a full a0 years after leaving university. in return,

to fuel china's extraordinary coffee and a galaxy far far away might be as close as california where disney is opening a $1000000000.00 star wars theme park fans are excited and tickets priced. to the program yes president has announced he will add a 5 percent tariff to all goods coming in from mexico as a way to curb illegal immigration at the u.s. southern border mr trump says. mexican authorities to do more to combat illegal entry to the united states and added that the terrorists would be raised if the situation at the border improved this comes just after mexico's president. gore said his country would start ratifying a major trade deal with the united states and canada it's not clear yet how mr trump's decision will affect the united states makes eco. agreement. let's get more on the story it was clifford coonan from d.w. business here in the studio and e.w. financial correspondent ali bart's in frankfurt clifford this announcement came quite as a surprise particularly to the mexicans tell us more about the well he's done it again just as we were all eyes were focused on china on the

a mission to turn it into a streaming powerhouse with disney plus with the c.e.o. expects the service to run at a loss for the first five years. shares in german engineering conglomerate siemens have jumped after the group reported study of profits in the second quarter the results follow its announcement that will it will spin off its power and gas unit the former core division has come under increasing pressure in recent years as many countries move to a new opel energy like wind and solar power the gas and power unit is the companies to these lucrative siemens plans to focus on the digital industries and smart infrastructure as well as its health and mobility lives. and that's it for me and the business team and berlin for more business news and features you can always visit d.w. dot com slash business thanks for watching. what secrets lie behind these memos from the. find. yourself experience and explore fascinating and cultural heritage sites. the d w world heritage three sixty the gift. of life. from people make fun about their own social economic and politic

disney plus. the company is adding blockbuster "avengers: endgame" to the service by the end of this year. in other words, it will be a very strong streaming service. coming up, we are talking to the ceo of roku. is there something they are putting on their streaming device? we will tell you in a moment. >>> sorry, we are also talking to "wall street journal" guy, dan henninger. he says it's going to be trump versus biden in 2020. but biden has a huge following in the black community. can the president win enough of the black votes to win in 2020? >>> very soon we will hear from the president himself, taking on surprise medical bills. stay with us. third hour of "varney" here we go. this is loma linda. a place with one of the highest life expectancies in the country. and you see so many people walking around here in their 100s. so how do you stay financially well for all those extra years? well, you have to start planning as early as possible. we all need to plan for 18 years or more of retirement

>> i'll try to stick to them till the end. >> your killing me >>> let's talk disney. it's up again. >> it is >> very little but up 7 cents. >> theme parks were quite strong they say they're on target for realizing the synegries of realizing $8 billion in cost. >> took a shot at netflix. >> took a shot at netflix and cord cutting no longer seems to be a concern. >> isn't that amazing? >> we spoke about how many consumer are falling off, particularly, the direct satellite plt forms but also the cable companies. not all of them are going to their virtual mdpbs. >> you're using alphabet soup. >> youtube tvs, sony, vue, all of those. >> sony panel over the top, inexpensive, throwing a lot at it anyone with kids will probably get it. >> without a doubt. >> with what >> without a doubt i think that say belief amongst those -- >> those of us who paid for sleepy and whatever. >> all those dvds. $6.99 a month and have access to every single fm in the disney library when you were kids i'm not sure why you wouldn't do that >> should we break up disney every great company we have

disney's investing heavily in its streaming service disney plus — which is due to launch in november to take on netflix. at the end of march it finalised a 71 billion dollar deal to buy the film and tv assets of 21st century fox. lawyers for top huawei executive meng wa nzhou want her extradition to the us blocked, saying the case against her is flawed and politically motivated. ms meng — who is chief financial officer of the chinese telecoms giant and daughter of its founder — was arrested in canada in december at the request of the us, accused of fraud relating to violation of sanctions on iran. and now — what's trending in the business news this morning. the wall streetjournal looks at a possible excalation in the trade war — suggesting the us economy isn't tariff—proof. the economy may be more vulnerable to higher levies on chinese imports than the white house thinks. as uber prepares to list on the stock market — more bad news for rival lyft which had its ipo in march. bloomerg says its shares have lost 27% of their value since then, and business insider picks up on

that was cool. >> i got back from disney world two weeks ago, if you need ef of the brand value of disney, go to a theme park it's pretty much a zoo everybody there wants everything disney >> nice to see stephanie is a good jedi. she had the green lightsaber >>> james holzhauer can't stop winning. he claimed victory for the 30th straight show last night while he's still a long way away from ken jennings record of 74 straight wins, he is still racking up prize money at a much faster rate. he's about $200,000 away from jennings winning record of 2$2.5 million. some good news, alex trebek saying from the set of jeopardy and telling "people" magazine he is near remission in his fight against stage four pancreatic cancer >> the hole hausous hole story g we've seen this develop. he bets big. he likes to overwhelm the field. >> vegas vat ji. >> the trebek story is amazing i remember 10, 15, 20 years ago, if you were diagnosed with pan cr creatic cancer, you were done. today with advancements, it's amazing that alex trebek can say he's that close to remission >>> moving on, google updating its pl

>> talked disney multiple verticals and talk studios and disney plus. i think disney is a multiple that's going higher and how about 25 times earnings for the house hous mouse house. >> the house of mouse. >> r-o-s-t up year to date and trade worries and ross stores. >> guy adami >> i just want to say, 5-5 the hard way >> that's the hard way right there. >> you mentioned earlier, sell some canadian assets. >> guys, thank you very much that's it for us "mad money" with jim cramer begins right now >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm just trying to help you save some money. my job isn't just to entertain but to teach and put it into context. call me at 1-800-743-cnbc or tweet me @jimcramer. the selloff is reachin

and he said no. >> i turned down disney world. >> glor: good evening. i'm jeff glor. and this is our western edition. high-stakes trade talks lasted for just two hours today. then the u.s. and china walked away with no deal. president trump said the two sides held candid and constructive conversations that will continue, but chinese negotiators have left washington, d.c. with no plans to return. and the u.s. has slapped huge new tariffs on hundreds of billions in chinese goods, potentially impacting hundreds of millions of americans. acn tracy is at the white house. >> reporter: the talks ended with hand shakes, but no deal. now the ten-month-long trade dispute between the world's two largest economies appears to be an all-out war. president trump has now imposed a 25% tariff on $250 billion worth of chinese goods. he's threatening a 25% tariff on another $325 billion worth of imports-- basically everything china sends to the u.s. > we're going to be taking in more money than we've ever taken in. h> reporter: the president proudly

. >>> meanwhile, abigail disney is on capitol hill today. remember when she was bemoaning bob iger's pay as way out of whack. she's saying now that's got to stop. after this. see that's funny, i thought you traded options. i'm not really a wall street guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade [spanish recording] so again, using "para", you're talking about something that is for someone. ♪ pretty good. could listening to audible inspire you to start something new? download audible and listen for a change. (vo) ♪ i know what you're thinking. electric, i