18 Burst results for "Bob Capex"
"bob capex" Discussed on Squawk Pod
"Their homes at all and businesses are easing hurricane damages on top of pandemic troubles. Here's Becky quick and I know how difficult it is for everybody with the storm moving through with power lines down trees down So I am grateful that we're actually all here today I'm really glad to hear. Thank you go. Lucky to get here Frankly I think everybody's kind of lucky. Today. Tree limbs are down everywhere sporadic power outages. You see it as you're driving certainly in this corridor. Becky it was one nasty storm. Yeah. It it didn't number Thankfully, there wasn't more damage, but this is something that people are going to be cleaning up for from for quite some time and when you think about businesses dealing with the lack of power and a lot of places at this point, it's like the plagues coming down after dealing with cove and everything else that's been handed. This way CONTESSA brewer joining us now with the impact on the insurance industry contest a good morning to you. Hi There Scott many insurers are depending more heavily today on video calls with policyholders rather than an army of adjusters responding to disasters seen probably a good thing because it would be expensive proposition. This storm effects were felt from Florida to New England ecs made landfall in North Carolina as. You mentioned as a hurricane with storm surges at spawn tornadoes intense rain sustained strong wind. The upside here is it didn't last long, but it sure covered territory about one hundred million people were under watches or warnings at least three, million homes and businesses lost power six people were killed at least six states saw tornadoes I mean. This was really as much a wind event as flooding which could. Mean a bigger bill for insurers in hurricane. Hanna. That we signed Texas there was a lot of flooding twenty, five percent of the estimated four, hundred, million in damage from that storm will be covered by the National Flood Insurance Program according to our estimates will this season for earnings we've heard insurers report their catastrophe losses and they're detailing costs related to corona virus cost related to civil unrest damage. They will have to now in for this quarter wildfires in California Hurricane Hanna in Texas and now adding. To that ledger as well. Scott. Businesses are the last thing they need to deal with in many. May Have changed their policies because of the corona virus to lower their premiums and now they're facing this. That's right I mean, what's GonNa Happen is because so many people have been looking for areas to cut now I just talked to a bus company does week who said he had rolled back coverage for his company in the wake of the pandemic if you have cut your policy if you've raised your deductible or. or cut your cap for your policy, and then the storm rolls through and you have down tree or or major damage to your business We have owners who are going in and really regretting that they decided to cut those costs. The other thing that I wanted to mention is business disruption insurance. It's something I've been talking a lot about in the wake of corona virus closures because a lot of business owners were hoping that their insurers would pay out for the closures and those claims have largely been denied in this case if you go in and you have a Down Tree if you have broken glass, if you have some kind of wind damage to your property that prevents your customers from getting in the good news here is you likely will be covered for business disruption for that physical damage to the property. Scott, you may have a higher deductible though because as typical in hurricanes that's just way the policy may be written correct. That's correct and many states that deductible maybe much higher because it's different for hurricanes and since this came in as a named storm that would kick in that hurricane policy coverage on contest we appreciate it. Disney shares they are rising right now after the company reported a profit of cents per share as versus expectations of a loss of sixty four cents a share company said, it has sixty point, five million paid subscribers to its Disney plus streaming service as of Monday. That's after just nine months of operation. That was a bit of an upside surprise that there was strengthened July after the end of the quarter. In another big announcement after the earnings release, CEO Bob? Capex said that Disney plus subscribers we able to watch the much anticipated live action Moulin Film on that platform for twenty nine, ninety, nine in the US beginning on September fourth movies. Original release had been push-back is theatres were forced to close. So this'll be Disney's first effort to sell content on Disney plus on top of the monthly 699 subscription fee. Disney also launching a new general entertainment streaming service. Next year under the Star brand it acquired from Fox and will feature to content. Disney already owns and be fully integrated into Disney plus in many markets and you see the stock indicated up six percent of there was an upgrade from credit. Suisse today again, interestingly, I reflects on the stock was was to actually decline on the news, but it seems like the encouraging news on Disney plus and the Milan release, which is most likely to take thirty dollars out of my pocket at some point. Is Is. Thrown for. I'm thrilled for any new content anything that you want to give me that I can pay for. Anyway we'll. We'll take in this house is ruined and. That's that's part of kind of seeing how this is going to shake out. You know the theme parks will reopen at some point you know theaters will reopen at some point. It's question of how long but it was kind of phenomenal looking at the number lines, the revenue line within that just how much revenue they lost at the theme parks compared to a year ago how much that revenue had come down and how much revenue never never developed from theaters being Closed and stuff and that that's phenomenal start looking through some of those things it's hard to really get your head around how big of an impact this has had. But Disney is one place that Kinda shows you on almost every level Becky Street Park revenues to your point down eighty five percent, and the story really is the differences of the businesses. It's the streaming gain versus the rest of the business pain of one hundred, million subs now for streaming. Between Disney plus an ESPN plus so that that beat goes on it's just how do you manage the future of the traditional side of the business which is The no sports for a long time at dollar dry up as a result of what's happening with the pandemic. But at least they have the the streaming line to carry you through some tough times and that stock as Mike said, did have a nice turnaround after the number was released and you started to get more details about Milan and and everything else. The one thing I would say the revenue was up slightly for the direct to consumer, which includes all these streaming products, but the the losses were increased as well. I, think there were up about twenty six percent the loss on those lines because this is a business that they're investing in right now and right now, the market is still willing to look. Through that, they want to make sure that consumers are showing up for those things, but they're not gonNA make a profit on on on some of these areas for quite some time. Right I was just gonNA. Say there was also some attention on some outperformance on the expense side as well. Now, some of that is not to carry on into the future. They shut down movie and film and TV production and all that There was some discipline over there and I encourage people to say that they can protect their their margins right now as the company does sit on really much more debt than it has ever had before after the Fox acquisition and then just raising debt to make it through the crisis. We are also watching shares of Apple. This morning, we're watching that to see if it crosses two trillion dollars remember four, hundred, sixty, seven, dollars, seventy, seven cents. That's the price to watch because that would be when apple would actually become the first company with a two trillion dollars. Market Cap and apple has done something that no other S. and P. Five hundred stock is done in the last thirty, five years according. To data compiled by the SNP Dow Jones indices at its current one hundred or one point eight, seven, trillion, dollar market CAP. It now accounts.
"bob capex" Discussed on World News This Week
"Reopening of disneyworld starting July eleventh and ABC's. Tom Llamas reports. The warmer weather brought out some folks who defied social distancing mandates after back to back cool parties at Missouri's Lake of the ozarks health officials urging anyone there to self quarantine for fourteen days cases of the virus still rising across fourteen states including Alabama the mayor of Montgomery telling our marcus more alone. Icu BEDS is too soon to open. Alabama's too soon to open the city absolutely. I think it's too soon. We have to make sure that we're being by the data and not. The New York City wants the epicenter of the COVID. Nineteen pandemic is on track to start the first phase of reopening sometime in the early part of next month mayor. Bill de Blasio confident will be getting to phase one in the first two weeks of June knocking to fine tune. It any more than that. Because of all these conversations going on to determine the exact right date to start an popular Florida destination is reopening. Abc's parent company Disney announced. That Walt Disneyworld will move forward with a staggered opening plan starting July eleventh. Abc's Rebecca Jarvis talks to Disney chief. Bob Capex about what visitors can expect the summer. Disney CEO Bob Chepe pack outlining the new guidelines which include limiting attendance requiring face coverings for all guests and staff social distancing plexiglass barriers increased handwashing and sanitizer stations along with temperature and health screenings. How different is the park going to look when visitors enter now? Will you see a lot more areas that are taped off that are going to specify what six feet actually looks like in the park? You're going to see a lot less density than you normally might see at a Disney park a while. Not Everything inside. The park will be open. Most things will be open and that will of course do the math. It's GONNA turn into much shorter way. Time Disney the parent company of ABC News. Drawing on its experienced successfully reopening Shanghai Disney and Disney springs earlier. This month what has been the biggest challenge of reopening the parks. I think the biggest challenge in reopening the park is the inherent sense of trust that the community places within Disney. That is a bond that is a contract that we would never ever one violate who says jobless claims top two million in a week here again. Abc's Aaron Katersky in just ten weeks of the pandemic more than forty million people have been laid off and applied for unemployment benefits. That's one in four American workers. The pace of new claims has slowed. But there's concern. The unemployed may have a hard time getting back to work. A new estimate from the University of Chicago said more than forty percent of pandemic induced layoffs could be permanent and president trump made his opinions known about moving ahead with the Republican National Convention in Charlotte North Carolina in August despite North Carolina. Seeing a jump in covid nineteen cases this week. The president threatened to find another state to host it governor. Roy Cooper says he can't say for sure whether it'll be safe to host a full fledged convention. I'm really not surprised that anything that happens on twitter during this covid nineteen pandemic. We're continuing our discussions with the RMC and going to continue to put health and safety. At the forefront Cooper in North Carolina health officials are in talks with the RNC about contingency plans called it nineteen also spiking in two Latin American nations this week. Abc's in panel has more Brazil. Now has the fastest growth rate in the world. With cases second only to the United States some hospitals report they're overflowing with patients grave diggers barely able to keep pace with relentless rising cases. Meanwhile here Mexico. The numbers also soaring with more than eight thousand now dead with spikes from both sides of the. Us Mexico border concerns growing over large numbers of people still crossing even so Mexico plans to relax restrictions for business and tourism next week with destinations like Cancun reopening to US tourist given concern with twitter. Have you given any consideration to deleting your account and just walking away from this platform you've been so critical you know you weren't fake? I would not even think about. I would do that in a heartbeat. But the news. The news is fake. Abc News Chief. White House correspondent Jonathan Karl asking President Trump about his social media presence. The president has been active on twitter this week besides his tweets on the George Floyd death protests in Minneapolis and the Republican National Convention in North Carolina. The president also promoted a debunked conspiracy theory regarding morning. Joe Host Joe Scarborough and tweets on mail in voting. Abc's Karen Travers has details president expressing his outrage after earlier. This week twitter added a blue fact check on of his tweets where he again falsely claimed that mail in ballots or fraudulent. The president and his press secretary have voted by mail several times the company said the tweets contain potentially misleading information and we're labeled to provide additional context and that led to an executive order by the president here again. Abc's Andy Field. Two decades ago. Congress passed a law protecting social media platforms so they could grow without lawsuits. The President says it no longer applies social media giants like twitter receiving unprecedented liability shield based on the theory that they're a neutral platform which president trump telling his federal agencies to review the law in order to stop twitter and others from fact checking or censoring including him Andy Field. Abc News. Washington Dragon SPACEX..
"bob capex" Discussed on CNBC's Fast Money
"Julia abortions got the latest. Julia just spoke to Kevin Mayor. He is currently running dizzy. Plus Disney's direct to consumer international division. He was just appointed to become. Ceo of Bite Dance and CEO of. Tick Tock starting in two weeks. I spoke to Kevin Mayor who said that he's leaving now because he sees this as an opportunity and he said that he the Disney plus was in such a good place growing faster than expected exceeding his targets that he felt comfortable leading nat leaving. Now now I asked him if he was leaving because he did not get the CEO role. He was of course one of the people who was a potential successor. Bob Eiger. He said that had nothing to do with it. And he admires Bob Capex. Who is of course now see of Disney and he enjoys his job but he isn't getting younger and he wanted to try this new opportunity now. I asked also about the data and privacy challenges that are facing Chinese owned by dance and Tick Tock particular. He said he has experienced with digital privacy and security issues in his years at Disney and Disney plus. He doesn't know how to deal with those challenges and as for the advertising opportunity at Tick Tock he says it is massive guys back over to you Julia. Thank you Julie Borsen Dan. I mean this could be a statement on on where media is going these days or it could be a statement on on Disney. And what's going on there? Well it's also a statement mail about a Chinese company hiring a US based CEO. I think that's pretty interesting. There's been a lot of talk about some of the potential regulation against Tick Tock and the data that that company is compiling largely on teenagers throughout America. But make no mistake. Tick Hawk has been a phenomenon. And if you're thinking about who they're competing with they're not going to be competing with maybe for your eyeballs with the Disney but it's really snapchat. I mean this is one that they are locked in a death match here and you could also throw Instagram in there too with the with the teens mindshare so this is a really interesting. Move at a time where there's a lot of consideration. I'm sure there's a lot of media and social media companies that would love to tick tock but they just can't and they're fighting against the Chinese behemoth right now with a very well seasoned. Us executive all right coming up the stocks that got this.
"bob capex" Discussed on CNBC's Fast Money
"By INVESCO. Let's invest in greater possibilities together invesco Distributors Inc. Right now I'm Melissa Leo Traders Tonight Guy Dommie Tim Seymour. Karen firemen and Steve Grass coming up fast. A barrage of big name earnings hitting the street will break down all the major. Movers straight ahead plus the Nasdaq closing it ongoing positive for the year. But is this. Titanic turnaround headed for a giant iceberg. And later what a baby a bonus and Beverly Hills to do with the Alon Muslim today. Stick around to find out but first we have an alert Disney. The stock bouncing off after hours lows accompanied just made a major announcement about its dividend. Let's get straight to Julie abortion with the details Julia. That's right Dizzy CFO CHRISTINE. Mccarthy just announcing the dizzy will be suspending the payment of its dividend in the first half of the year which they say will preserve around one point six billion dollars in cash. Now this comes as the company announces that Covert Nineteen Cost Disney one point four billion dollars to its bottom line in the quarter that includes a hit to advertising movie delays and of course most of all the closure of disease parks and the Disney parks alone had an operating income loss of one billion dollars in the quarter due to co vid driving fifty-eight percent drop in operating income. Now here's what the new CEO. Bob Chepe says about the plan that he just announced to reopen Shanghai Disney. Shanghai on May eleventh take a listen. The approach we take may include implementation of guests capacity and density control measures as well as help and provision procedures that comply with state and federal guidelines. We are seeing encouraging signs of a gradual return to some semblance of normalcy in China. That company talking about how before it began to close its domestic parks in mid March. They had been seeing an increase in both guest attendants and guests spending a lot of talk. About how the Disney brand strong and they do believe that people will return both to parks and two theaters. Once things open up again but certainly a dramatic hit from the impact of it back over to you and he mentioned yet so far on the conference call Julia about strategic investments and other cost cuts well strategic investments in terms of where. They're they're making their beds right now. Melissa they're talking a lot about the focus on streaming the better than expected growth of Disney plus the success of their investment in original content for Hulu and then of course the odd man out there in the street department is ESPN plus because there hasn't been any live sports for weeks and weeks. Now though they did point to that Michael Jordan documentary in the success they found. They're releasing that documentary. But right now it really seems like the bright spot is Disney plus which is certainly an investment mode. Right now right Julia. Thank you Julie. Abortion unfortunate Guy Donnie that Disney plus the bright spot here and dizzy pluses. Not where it makes money no and if you listen in high and if you listen to the great Tom Rogers who was just on with Sarah and wealth you know he points out some of the headwinds facing Disney over the years to come based on exactly that Disney plus look the stock. I don't think you're going to see that seventy-nine level which we saw on March twentieth. But we have been talking about over the last couple of weeks at that. Run up off of the Disney. Plus numbers was probably extended the upside. And I'll say it again. You know I do think you'll be able to buy this stock cheap. We've been saying for a while. Somewhere between ninety and ninety five is where you get back in the stocks down fifty four percent now from the Thanksgiving high earnings are down sixty three percent every year. So the math sort of lines up. But there's just no real in my opinion I just don't see the catalyst to buy the stock right now in this current environment. So I think you wait and you buy cheaper and I thinking have that opportunity already a couple of downgrades going into earnings one from MOFFAT Nathanson which we've discussed and the other from rich Greenfield over at light. Shed partners at one point. That rich was bringing up. Was here in this sort of environment. We'll Disney have to pull back on strategic investments so pull-back potentially Omni growth businesses. That granted is not making money but streaming is the better the future Taman. So I'm wondering how you sort of see. This conference called playing out. Oftentimes it is comment on on spending and in this case may be cutbacks in spending. That could move stock. Well what's really fascinating is that what was once an advantage over Netflix. Disney had some of the strengths in their diversify business or really liabilities relative to Netflix and so two companies that probably right now and if not you know twenty minutes ago were the exact same market capita on one hundred and eighty three billion dollars and Disney strengths in in studio and a really hurting them now as we look for the next couple of months and Netflix was this big cash. Burn Story and Disney's now having to cut the dividend we didn't think about the balance sheet and Disney ever. This was something that was actually some level of confidence. I like the pro activity on the dividend but for a lot of investors. I think that's going to send a signal. That liquidity was something we never thought about here and all those things about the Disney you know flywheel ecosystem however you want to phrase this were advantages and today they don't look great. I'm shareholder. I think the market is priced in a lot of pain here and it comes to what multiple you want to put on this company. If you're at a mark multiple one hundred ten dollars stock right now if you think we should be a slight premium as it has you can put a bigger number suspending the dividend for the rest of the year. I mean that that does make wonder who what sort of liquidity issue there they might be looking at if things continue the way they are in terms of the shutdown Karen but maybe this is just a very conservative move and this is actually the smart thing to do right now. I think it is. Did you say dispe suspended for the whole year for the first half of the year? Which is what I thought. Only pay dividend twice a year. So I thought that that was just for the first half which would be. I think one point six billion but either way. I think it's the right thing for them to do. It is a little scary as Tim said for. Shareholders who have always thought of Disney is just rock-solid and never really had to question whether they would have any reduction their dividend. This is a little bit surprising but I do think they're doing the right thing. I mean you know you raise the money when you cannot when you have to. And we didn't ever think of their balance sheet until they did the Fox deal and it turns out the timing of that was unfortunate when the rest of their businesses. That they'd never could've foreseen all correlating two to one or two no revenue. I guess was happening at the same time. I think that it is getting a premium still in the market. We don't know what their earnings are going to look like and to me. The question is when did they return to whatever the new normal is? And what is the new normal for some of their businesses? I don't know I mean I love the name I just feel like I agree with. I think we'll get a chance later to clarify. The board is going to forego the next semi annual cash dividend. So that they pay twice a year so the next one will not get paid and that will result in a one point. Six billion dollars in savings cross. Oh where do you see the stock? Here there's no way you can talk around the void of twenty over twenty six billion in revenue. That's absent from the park so to talk about technicals within the stock. I say first of all when you look at the dividend that's going to be greeted with a screaming sell tomorrow when the liquidity comes back in the marketplace. I think you get a shot as everyone else said lower. How much lower can it go? I think we might see ninety two dollars tomorrow so seven dollars lower than where you're saying now. I don't think we're going to see that. March eighteenth low of seventy nine. But I think this stock can break ninety and be in the mid eighties. So I would wait and it'd be a buyer of net flicks off of this easily. Well let's bring in the man who literally wrote the book about Dizzy New Near Times columnists and CNBC contributor? Jim Stewart Jim. It's always great to speak with you. Hi what you make of the quarter in. What'd you make so far of Bob Capex performance? Jim I think that we've lost. We'll try and iron out guy you agree with Grasso mid eighties. Listen I absolutely think you could have ninety dollars. Print so mid eighties is not unreasonable. Especially if you think the broader market for whatever reason we just hang around this S. and P. Five hundred fifty percent retracement. But if you think there's a downturn I think mid eighties is absolutely in the cards again. I mean the last dance crushed and I know you've been watching the last three Sunday nights. We just you're locked in for both episodes for both two hour episodes as you should be and it's Dennis Rodman was the glue with that. Said you know I'm not hurtling myself. Back any of the Disney world anytime soon specifically Shanghai in May eleventh but whatever Disneyworld or Disneyland reopens and I don't think I'm alone and I think that's sort of the point. Karen's making so I think you're going to have an opportunity lower in my opinion lower is around ninety bucks missed last weekend's installment because I was doing the gene wilder movie marathon as per your recommendation guy but in terms of reopenings of Tim. We're getting word here. That Shanghai Park will reopen may eleven. Could we actually see a faster bounce back? I mean granted with some masks social distancing all those things in place but maybe we get a better idea of Disney's business sooner than we all think right so thirty. Six percent of the revenue is are there theme parks and consumer experiences the? Us is clearly the the lion's share of that but Chang very important And you know what we're also starting to see though the anecdotal kind of news flow out of China is that people are being cautious and rightly so but leaving that aside it's encouraging to hear things getting back to normal. It's encouraging to know that the other side of this is not just that Disney pluses better. But but look at look at media. you look at twenty eight percent. Roughly up and their media seventeen percent in their cable. So these are at least encouraging numbers in the face of what's very difficult quarter..
"bob capex" Discussed on KCRW's Hollywood Breakdown
"I'm Kim Masters and this is the Hollywood breakdown. Joining me is Matt Felony and Matt. We've talked about Disney a lot lately because Disney is one of the most all companies are exposed to this this disaster from this pandemic and the apparent absence or inability of our leadership to the White House to figure out how to address it but Disney is as we've talked about hotels theme Parks Bob. Iger resigned abruptly. It seemed to many people including me as CEO staying on his executive chairman in February And you know this is just the strangest thing because there was just a an article that Ben Smith at the New York Times wrote in which he says that Bob Iger has now having said that he was handing the reins to Bob Capex the head of the theme parks making him. Ceo THAT BOB. Eiger has now basically resumed running Disney are. I don't know about you. I haven't seen any announcement of that or any kind of indication that there's been a change in leadership it seems important to me. It's a huge public company and a very difficult moment and and yet you know in the same column He. This author. Ben Smith says Bob Eiger has took his eye off the ball and was more worried about his legacy. But now he's back sort of like Hallelujah. I sort of feel like what really happened here because this narrative is making no sense to me and there's a lot of why whether Bob really planned that resignation as CEO and then came back. I'm there's nothing in this world that will make me believe that was planned. Yeah it's interesting because Disney clearly not clearly but some might say. Disney was responding to that article when they put out a release a few days. Later saying that Bob Shape back the other Bob Who was elevated to the CEO position in February is joining the board of directors? Which many had said was planned all along but I think the indication there was. You know the new Bob is actually in charge. It's not the old Bob. Even though the whole Bob seems to be you know giving his strong advice and being involved in these major decisions literally saying like I'm back he's like a signaling in an email or something to this journalist that he's back and I'm like what but go on. That's the question you do have someone who has decades of experience at the Walt Disney Company there in that executive chairman position and probably feels a little bit of remorse that he left this job right as the proverbial s hit the fan and a lot of people speculated. That either did know what was coming when he did that. You know at the time. He stepped down. The Shanghai Disney park had already closed due to the virus and many experts. Were saying. Listen this is a couple of weeks away from being a global pandemic. Even if the American government wasn't saying so at the time the experts were and had that information many thought that that timing was abrupt and out of nowhere and then all of a sudden were in the middle of the biggest threat to The Walt Disney Company. In perhaps ever so. I think there's probably a little bit of remorse going on there and I think there's probably a little bit of Bringing the guy with the expertise to actually manage this very very difficult time. How about giving some clarity at? I wonder if the board didn't say excuse me. What did you just do? And how is this Bob? Shaping supposed to run the theme parks because as far as I know still no successor named for that. I mean they're closed but that's not like that doesn't mean there's no duties associated with that you know how. How is this guy now running the whole whole company? I you know I'm old enough to remember. When Michael Eisner having had a very supine board for a very long time finally had gotten enough people upset that the board turned around and ultimately dismissed him. So it's not that the board cannot be awakened in in a situation like this. I just find this to be an incoherent narrative and I've never seen such credulous analysis. I guess people who who who in the observer the media world and had had mickey mouse sheets on their bed when they were growing up or something. Because I don't think any other company would be getting the benefit of the doubt that Disney has gotten. Yeah I guess we'll see as this pandemic causes more injury to the company. How big a role. Eiger will ultimately play. That's delanie former editorial director of the Hollywood reporter. He joins me this Monday at one. Thirty on the business. I'm Kim Masters and this is the Hollywood.
Is Bob Iger back as Disney CEO? He abruptly resigned from the helm in February
"I'm Kim Masters and this is the Hollywood breakdown. Joining me is Matt Felony and Matt. We've talked about Disney a lot lately because Disney is one of the most all companies are exposed to this this disaster from this pandemic and the apparent absence or inability of our leadership to the White House to figure out how to address it but Disney is as we've talked about hotels theme Parks Bob. Iger resigned abruptly. It seemed to many people including me as CEO staying on his executive chairman in February And you know this is just the strangest thing because there was just a an article that Ben Smith at the New York Times wrote in which he says that Bob Iger has now having said that he was handing the reins to Bob Capex the head of the theme parks making him. Ceo THAT BOB. Eiger has now basically resumed running Disney are. I don't know about you. I haven't seen any announcement of that or any kind of indication that there's been a change in leadership it seems important to me. It's a huge public company and a very difficult moment and and yet you know in the same column He. This author. Ben Smith says Bob Eiger has took his eye off the ball and was more worried about his legacy. But now he's back sort of like Hallelujah. I sort of feel like what really happened here because this narrative is making no sense to me and there's a lot of why whether Bob really planned that resignation as CEO and then came back. I'm there's nothing in this world that will make me believe that was planned. Yeah it's interesting because Disney clearly not clearly but some might say. Disney was responding to that article when they put out a release a few days. Later saying that Bob Shape back the other Bob Who was elevated to the CEO position in February is joining the board of directors? Which many had said was planned all along but I think the indication there was. You know the new Bob is actually in charge. It's not the old Bob. Even though the whole Bob seems to be you know giving his strong advice and being involved in these major decisions literally saying like I'm back he's like a signaling in an email or something to this journalist that he's back and I'm like what but go on. That's the question you do have someone who has decades of experience at the Walt Disney Company there in that executive chairman position and probably feels a little bit of remorse that he left this job right as the proverbial s hit the fan and a lot of people speculated. That either did know what was coming when he did that. You know at the time. He stepped down. The Shanghai Disney park had already closed due to the virus and many experts. Were saying. Listen this is a couple of weeks away from being a global pandemic. Even if the American government wasn't saying so at the time the experts were and had that information many thought that that timing was abrupt and out of nowhere and then all of a sudden were in the middle of the biggest threat to The Walt Disney Company. In perhaps ever so. I think there's probably a little bit of remorse going on there and I think there's probably a little bit of Bringing the guy with the expertise to actually manage this very very difficult time. How about giving some clarity at? I wonder if the board didn't say excuse me. What did you just do? And how is this Bob? Shaping supposed to run the theme parks because as far as I know still no successor named for that. I mean they're closed but that's not like that doesn't mean there's no duties associated with that you know how. How is this guy now running the whole whole company? I you know I'm old enough to remember. When Michael Eisner having had a very supine board for a very long time finally had gotten enough people upset that the board turned around and ultimately dismissed him. So it's not that the board cannot be awakened in in a situation like this. I just find this to be an incoherent narrative and I've never seen such credulous analysis. I guess people who who who in the observer the media world and had had mickey mouse sheets on their bed when they were growing up or something. Because I don't think any other company would be getting the benefit of the doubt that Disney has gotten. Yeah I guess we'll see as this pandemic causes more injury to the company. How big a role. Eiger will ultimately play. That's delanie former editorial director of the Hollywood reporter. He joins me this Monday at one. Thirty on the
"bob capex" Discussed on Newsradio 1200 WOAI
"Was a great comeback for Joe Biden credible come back when you think about it the president also saying that Massachusetts senator Elizabeth Warren was selfish for not dropping out before super Tuesday claiming that she calls for months senator Bernie Sanders victories in Texas Minnesota and Massachusetts the president said Joe Biden will not benefit from the endorsement he received on Wednesday from the former three term mayor of New York City Mike Bloomberg who dropped out of the race after a poor showing on super Tuesday and Disney not immune with the impact of the corona virus Denise Pellegrini with Bloomberg as today's in focus reports the spread of the corona virus darkening the happiest place on earth right now Bob Baker who just stepped down as Disney CEO this past week we're obviously experiencing some very very challenging times pretty much turned in director at Rosenblatt securities says Disney could have a lot of exposure to cold at nineteen especially if it faced a long term closure theme parks every day that they would shut down Disney world and Disneyland there would be about a two and a half cent impact two EPS and a turn and says that loss of earnings per share wouldn't be offset by growth in streaming partially major profit driver in the domestic parks drive ninety percent of that business the other ten percent Asia is Disney's fastest growing market but some team parks there have been temporarily shut down Bob capex new CEO Disney says dreams will come true for Disney investors again we know that when were able to reopen our businesses will come back.
"bob capex" Discussed on Never Growing Up - The Disney Parks Podcast for Adults
"Mustered up. Hey this is someone I guess. I'm hoping both of us don't have gone. This is Anne W W collective and with me is my most wonderful. Hopefully very happy I guys. I'm fine I just learned how to drink wine for the first time of us. What are you drinking just having cocktails near a bail allies in winemaking sledding? Wine for me is that it's a good balance because I really like red wine. But he gives me heartburn so bad so wine it's not as as a white wine ripe but so little sweet but it's not too dry so it's a good balance and I really kill a bottle and not young over so I. Did you ever watch the show new girl? I've seen a couple episodes but I didn't enjoy it because it was like listen. It was only because the zoe dacian whatever who plays girl it was like in your face like I'm quirky. You look at me Be Okay. I get it. You're supposed to be Quirky CONDO. Well I love New York I love new girl and I think it was in the first episode where I literally fell over in died when she said pink wine. It makes me slutty and I just died when I say that every time I drink. So that's what I care but I made A. I made a quick Marg because I finally got back in my house We were out for some time most likely due to myself and so self self inflicted out of Tequila and we got some at the grocery store. Which by the way if you guys saw my incest story our grocery store is now doing curbside express where they break like he's ball. You're sitting online. Do that's the laziest shit but I don't care it's fantastic fantastic. Think it's great. You know both of us being you know. We'll have a really hard time to get into the store Albanian. So I have a terrible terrible terrible anxiety in the grocery store for some reason like just the the I. I don't know if it's just like all the stuff like I have trouble in department stores to. It's just like all the stuff and this is yes. I understand with this level of anxiety. It's amazing that I go get handled. Disney I don't know why I think it's also I have to take breaks at Disney because it can get very overwhelming but I find the grocery store very overwhelming. But I also don't like Nick doing my grocery shopping for me because he doesn't always pick the right thing so pink wine. So how Bob Iger frigging stepping down? Do that was like a somewhat somewhat of a shocker. Until you like looked into it a little bit more but series surprise against the blue for me. He had announced a while ago that he said that he was going to kind of completely step away from the The Walt Disney Company and in twenty twenty one. So obviously it's only twenty twenty but then if you kind of look back and you Kinda see like member. There was like a big shake and we talked about this on the show. When I don't even know what episode that was but there was a big shakeup in terms of leadership of the of the Disney parks where they moved the president of Disneyland over to Walt Disneyworld. Josh tomorrow. Who's amazing and he's a fantastic follow on instagram. If you're now he's very active show meeting which I appreciate And then they also brought in a new president over at Disneyland and Bob Capex who is now the new. Ceo of the the. Walt Disney Company was the head of bless you but I think the thing that's like getting me a little concerned is people are just not very trusting of this new guy and I mean obviously I wanna see him proves himself Before I make a decision but I'm sure there's a reason why Bob I decided to step down the way it is but quite honestly sometimes when you have a CEO and place their their service certain mission. And I think in this case with Bob Eiger He was there to handle acquisitions and make Disney the brand it is today and the power that it has from a business standpoint today But I think now this is really showing that they're really gonNA start putting a lot of focus on the parkside. We did what we needed to do. Let's change gears and support that. Yeah yeah and I was having some conversations online with some folks on instagram and Disneyland for one and I were both commenting because obviously we work for the company. But and we've we've gone through some significant leadership changes in our company without giving detail but it serves a purpose. There's always a reason. And maybe it's just because we're like cogs in the Corporate America landscape but there's always a reason as to why this happens and I think Bob Eiger you know served as reason I think Michael Eisner there before him was there to bring back Disney as a brand from an animation standpoint and saved them from an animation standpoint is. That's really win. The renaissance kind of happened. You know of when it started with Little Mermaid. The Renaissance Disney animation can happen and then there was a little bit of a law and then bye-bye and then Michael is supposedly went a little loopy. And then you know Bob. Eiger came in. And kinda resurrected the animation part But then also did these major major acquisitions. That are shaping what Disney is today. Disney at this point is just the forefront American in probably Global Company for entertainment at this like in. He's you can absolutely attribute that to buy I. I don't i. Maybe because he came on in the mid early two thousands so like I was still in college. Still Kinda going into my career so I didn't really have like a real understanding of what he was doing from that standpoint until now I'm older and I kinda understand what he was doing now I really really really WanNa take his masterclass year. See on like instagram where they have like masterclasses with people. Who are you know? Tops of their industry and I've seen a lot through charity company like Yoga or whatever. It's called a lot of them will be like a win. Win a seat in my masterclass in Ramsey doesn't in. Yeah I just wanted to be the ones where you get to stare at the like. Hemsworth brothers or something. Yeah oh I know what it's called but yeah this is this. Yeah I think you can get caught like admission to go to some of these masterclasses but it's apparently a like a series you can subscribe to and Bob. Iger teaches a class on leadership which I definitely really WANNA take. I need to just buckle down and do it because I've heard it's fantastic even rupaul. Now is doing a class on I think it's like about self expression or something like that. But they have like a lot of people who are at the top of their craft and obviously bombarded with in terms of leadership would be someone to look towards but I wanna say people. Please don't look this as an in a negative way. At least don't look at it in a negative way right now. I know people are just cut. Everyone's voicing their concerns. There's probably a reason He probably signed some agreements saying he would do X Y and Z. Before he left and he's not really leaving because he's going still be part of the board and he's still going to be chairman but in terms of being. Ceo All Z. Could you I would love to like understand what they do on a daily basis. Like I understand like you know from a normal corporate America with these guys do and I do say is because unfortunately there's not enough women out there leadership Hala but a mouse. Let's give it to another white man. Although although I think Josh Tomorrow is vying for this Job Corps you could tell. He is making a name for himself. He's trying to become Super Vannes from a Disney aspect. So it'd be surprised if he's up next morons. I wouldn't have been surprised if Steve Jobs would have unfortunately not passed as early as he did. I wouldn't have been surprised if he became. Ceo does name at some point. Wouldn't that be something? 'cause they're so tightly linked different apple and Pixar and see jobs. One of the founders of pigs are so they're so tightly. I would not have been surprised if that would have happened or quite honestly of Disney either would have bought apple or they would have liked cut merged together that. I wouldn't have been surprised by that at all but I think this is good news for the parks. If they're putting someone over everything enter in In we see all the change that's coming to Walt Disneyworld specifically I think I think it's really good for the parks. I can't speak about anything else but I think it's really good for parts. I think it'd be interesting another Bob though. Another bothers some imagining working for Disney. Much like the military where you need to know your command and obviously know who. The owner a rotating through different. Bob's throughout the years. You know I'll be really curious to know what that corporate life is because Um recently Forbes came out with their greatest places to work I don't know if like the top fifty or top one hundred in the country and PS Disney's not one of those companies. Yeah it's not I do I mean obviously from a L. G. Q. Standpoint. They're always rated number one so that's fantastic. But from I I have heard. It is very very difficult to work there. It's very stringent. I don't know if it's very bureaucratic. I don't know if that's the case. But it's like their way or the highway which I get because the I mean the quality of the marketing and the quality. I I think I think it shows in the quality but in terms of probably having to work for that this is people always say like. Don't you wish you ever work for Disney? And I'm like now yes I would. I really don't because I think it would ruin it for me. I want to work at Disney but even isolate sweep up the children's tears at the break. I WANNA work there in. I hope one day I will. But he's like it'll ruin it for you like I've been a hundred and twenty thousand times in the last four and a half years like I'm still enjoying it. It's magical I don't know I want to go and work there. Hopefully yeah I would be very because it's so bad in the sense of where it's so precious to me that if anything. We're ruined it for me. I don't know what else I would have. Drummers like cage armas fantastic but no.
"bob capex" Discussed on WBZ NewsRadio 1030
"Kevin Coleman WBZ Boston news radio president trump announcing Republican Texas congressman John Ratcliffe will be the country's director of national intelligence reckless speaking with CBS news senior investigative correspondent Catherine Herridge was a passionate defender of the president during the Russia probe and more recently impeachment he was among the first to thank irregularities in the surveillance of a trump campaign aide I've had a very public role and I've demonstrated that I've been right on some of these most important issues Radcliffe was tapped last summer for the job but it was withdrawn after allegations he padded his resume what's changed five reconsidered because the president asked me and I think when the president asked you to do something for your country to look at that just because someone in your business accuses you it doesn't make it true this is the second time the president has nominated him for that position country music star Luke Bryan has his own brand of beer American idol judges professed his love for beer and country songs like just to set up cold beer drinker and his number one hit drink a beer now Brian's own beer two lane American golden lager will hit shelves Monday his new beer has ninety nine calories and four percent alcohol and will be available in select states including Georgia Tennessee Florida Alabama North Carolina South Carolina and Virginia and that's John Jeffries reporting six thirty seven time now for a check on Wall Street with Bloomberg the spread of the corona virus and the stock market tumble this past week darkening the happiest place on earth right now Bob Eiger who just stepped down as Disney CEO this past week we're obviously experiencing some very very challenging times pretty much turned in director at Rosenblatt securities says Disney could have a lot of exposure to covered nineteen especially if it faced a long term closure theme parks for every day that they would shut down Disney world and Disneyland there would be about a two and a half cent impact two EPS and a turn and says the that loss of earnings per share wouldn't be offset by growth in streaming parts of the major profit driver in the domestic parks drive ninety percent of that business the other ten percent Asia is Disney's fastest growing market but some team parks there have been temporarily shut down Bob capex new CEO Disney says dreams will come true for Disney investors again we know that when were able to reopen our businesses will come back better and stronger than ever I'm Denise Pellegrini Bloomberg business son WBZ Boston news radio and coming up police officers injured after an altercation.
"bob capex" Discussed on The Jock and Nerd Podcast
"You BASSETT's chocolate nude thing about three appreciates opening like this is what you have to think about. Okay found this listener found this like yes some guy that listens to us when on the Internet looking for puppet pornography searched offs of puppet pornography until he found that. Look like me and then sent it to us. Unbelievable I I have no words to describe yet clip so good We're GONNA start off the news. Which is a big shakeup over at Friendly Disney? The Mouse House. That's GonNa rule the world. It is the end of the Bob. Eiger era everyone as he steps down as Disney. Ceo and is replaced by another. Bob Bob Capex who bob. What about Bob? Apparently you have to be named BOB TO RUN DISNEY. That's true But Holy Crap. Agar's been there since two thousand five after he took over from Michael Eisner fifteen years in his legacy is as obvious guys like Bob. Eiger did so much is the last fifteen years. Were you shocked by this kind of Stepping down I think anyone to go out on a high note. I think that like everything I think. You're starting to go bad right. So they are worse. Yes Star Wars is kind of new questionable area marvels in it's now trying to rebuilding phase and I don't know seems like a guy who's kind of like a retirement age. They'll why is he going to hang on to go out on a low note? You won't be hanging around until December thirty first two thousand twenty one executive chairman. You know he just put out a book. That is apparently very inspirational very interesting. Go ahead Sir no. I learned a lot about him on the Disney imagineering. Doc That showcased like Michael. Eisner era Bob. era now he dealt with the imagine ears in the park so. I learned a lot about this guy recently. And all this stuff he's done we'll go through his his high points. Which are many. But I'm Anthony. I wouldn't necessarily say he's going out while it's on a low. I think he's going out probably at the right time. Yeah almost much more ram to accomplish. I mean he can continue to build what he's what he's built An Enron go over some of the things he's added but I mean he's definitely transformed the mouse house into a a mega super media power conglomerate. Yeah so I just I. It's one of those things where you just kind of going out while he's on top like you don't want to wait too long. And then maybe some some of the Star Wars stink that Rug Boy mentioned or let's say it face four fails like he doesn't have to necessarily be responsible for that definitely. Seinfeld yeah. He doesn't WANNA stick around. Who First of all. There's no real big thing to build two right now. He's a shadow. It's like everything is in a rebuilding feet now. So why not leave while you still have all of these accomplishments instead of failures speaking of accomplishments since two thousand five hairs with Bob Eiger has done for Disney? He starts out with Buying Pixar huge picture move huge move because at the time Michael Eisner was there. A Co Disney was probably at its lowest. It's been after their renaissance right. They're they're animated movies. Were being outdone by Pixar. Yes so what's the smart move. I'll fucking by them. Joy so he buys pixar buys all that IP giant move also doing Michael Eisner's reign towards the end. Eisner was cutting corners in new parks and a new amusements and attractions The parks were kind of lagging. They were failing. It wasn't generating as much revenue as it should so either goes back. Import millions of dollars annually into making the parks more entertaining more interactive more brand family. And that plan worked as they're still you know we come into the star wars lands. The marvel lands is going to be built So he's added. New Parks bought newland huge deal in two thousand nine. The riskiest thing I it does is the marvel. Cinematic Universe is one year old and he buys all of marvel for four billion dollars with a net return to Disney of like twenty six billion dollars. Biggest box office franchise ever created under. Then he's like all right. Well let's get it by turns out. He buys Lucasfilm for another four dollars. Now that has been handled. Maybe not as well as the marvel you know movies but another huge acquisition. He pushed into China with Disneyland Shanghai. Something nobody thought could be done. He brokers with the help of a drunk. Tom Holland the Sony Spiderman. Deal so MC you in Sony can share Spiderman and unprecedented deal. Mona's ever tried before and then recently Fox merger seventy one billion dollars purchase getting all that IP fantastic for returning to marvel and a successful Disney plus launch of a streaming service in new way to for them to rule the world. It went really well last year alone. The company had seven blockbusters that hit one billion dollars at the worldwide box. All under his watch. That's quite a fucking resume for the Bob Eiger. Yes what are you GonNa do better than that? I don't know what how do you so what's left to buy so spiderman back. That's it you could buy. You could buy all of Soda. You could buy spider man. You could buy whatever else is failing by this do yes. Well we'll get into that. There's a rumor coming a little bit later but Bob. Chapman has been there for twenty seven years since. Nineteen ninety-three similar. How eiger was Michael. Eisner's right hand man moved up Chappie also starts at the bottom works his way up And he is the what was. He was handling the parks and resorts. So do you guys want to know how much The CEO of Disney makes because his salary has been revealed on twitter by Hollywood reporter. Do What are you are? What do you think it's more than all of us combined? Tell you much anthony. What what would you guess the? Ceo of Disney makes annually sixty nine million dollars. That number hot sexy number. That's important that's correct. Sorry rugs once you guess. Five hundred million. Wow also overbid Japex. New Contract will last until February. Twenty eight twenty three twenty twenty three with a new annual salary increasing to two and a half million dollars much much. I thought it would be more also. He will also reportedly have a target bonus of seven point. Five million with annual long term incentive grant of fifty million anthony. What does that mean you know? I wasn't really in being okay. Thanks for I was looking at some interesting numbers numbers. You got revenue wise now. We don't know what they're it looks like. Actually they might have lost my last year but revenue they brought in sixty nine point five seven billion dollars last year. Wow Total assets for Disney. The Disney Company is a hundred ninety three billion dollars. Big Little Equity Ninety three point. Eight billion dollars Breeding numbers hikers left Traffic with a in a nice spot and Bob Chapter said he will continue to do what I did which was rely on Disney's amazing storytelling throughout all these things bringing storytelling back to the rides and their legacy of telling great stories is really what drives everything that they should be doing. And it drives everything that I did for what it's worth. Oh and I'm I think I'm reading this right. But they're netted come which means profit. Yeah they actually lost eleven billion last big last year they. Oh Yeah Twenty. But I believe that's because they I mean they distribute a bunch of things but operating Disney plus probably was a sinkhole for money. Fox merger to there's that there's that Disney plus it's going to be a loss. Also were not are not getting the money they would have gotten for the rights from like net flicks and other places to stream so they gave all that up to get all their shows back right so initially Disney plus is going to be lost until it loses money. Yeah Yeah it's all about the subscribers and keeping it going. So what do you guys think is that? Do you think anything's going to change drastically. Maybe not immediately but every big time presidency all kind of leaves their mark on whether it be good or bad i. I'm interested to see like what else they have in. Mind to keep growing. Yeah well we'll they own a bunch of stuff that's like sitting around collecting dust to just get that shit freshen it up like that movie. I don't think the new mutants movie is the thing that's going to push them over excited for this new avengers. Park have you. Did you guys see any Stories about this. They have a thing. They have an animatronic spiderman that what's going to happen. There was a tested this. They launched this thing in the air. It does Spiderman movies while it's flying through the air and then it lands in a net like unseen and then the reloaded the lodge it again in this whole crazy spiderman world. I can't wait to see that fucking nuts. I can't wait till spider man lands on someone else. Yeah.
"bob capex" Discussed on The Information's 411
"By my battle station. Just a surprise announcement. Markets closed that Disney has a new CEO effective immediately. Bob Eiger was stepping down kind of more stepping up into this new role and and and so they have this new Guy Bob shape back a little bit of a surprise. There's lots of kind of unpack with the whole decision and the characters involved but right off the bat I mean. What were your thoughts? Just let's start off with the with the pick kind of dark horse candidate in in Bob Chip Beck Yeah. It was an interesting moment. I mean big picture. The question of who the next CEO of Disney is. Certainly one people have been talking about written about you know so But yeah the the surprise decision effective immediately and then actually what was announced Was certainly a little bit of a jolt. I my take on this still is I think what your instant take was in your journalism. Not that much has changed. Now I You know you still have Bob Eiger. Who is in charge of the creative vision of Disney? And the boss of Bob Shape pick right who is the CEO and whom everyone else reports too. So I mean maybe it's this isn't to say yes. It is a passing of the torch. It's further evidence that Bob Eiger is going to leave the building. Actually we have to remind people that he had said. He was several times and changed his plan. So it's sort of new on that front but the the structure is still very interesting and You know I it Bob. Eiger remains Bob Capex. Boss he remains in charge of the board and I think in many ways you know not as much has really changed. I'm sure it feels like it has in the sort of inner sanctum of Disney. But were they to me. They see clearly wanted to be as not transparent but as clear as possible that he is the CEO and that was an issue with with the last time they went through this whole thing with with Tom stags who was C. O. And it felt very interim but the irony of it is that so he has the CEO titles effective. Immediately which I know turned a lot of heads in the entertainment industry because it just raises questions. What will happen? Why affective immediately usually you kind of elite time to it but it really is kind of a coo type role. He's managing the business while Bob is doing creative. That was the his responsibility which is kind of a huge part the company. It's not like a small side part your look. There are a lot of things. I'm pack for different audiences. I mean one for people who maybe don't follow the sort of blow by blow of Dizzy. I think one reason we're talking about it now and the the Scott Decent but not a ton of attention is Disney's a hugely important company and Both in terms of its success in the media business is global brand. And you know I think as it became clear that Bob Eiger was not going to be. Ceo of Disney forever. There was also this collective. You know brainstorming a little bit and you heard a lot of buzz years ago of about outsiders like Sheryl Sandberg facebook who was that on the Disney Board You know more recently there was more buzzer other external people in and so I also think a part of it was. This was really a position in a leader to watch. I think a lot of people a lot of industries cared about it. We're curious and it was kind of like a shrug and I think that was interesting. I also as a business reporter light. Kind of comparing management structures. I guess sort of a wonky interest but I'm just interested like where have we seen things like this before in in media and tack and Industries which aspects like the passing of the torch or the arrangement of executive arrangement right? So I guess I was. I was searching for. What is this like that we've seen before and you so you brought up. I mean Disney and in particular has a history of You know sort of promoting a number two Not Always It was a disaster. It was an unmitigated disaster and Disney itself. You can look at Eisner Michael Ovitz and so we see. I guess incorporations often the sort of elevation of the operational to sort of try out for the top job. This isn't that they gave him the top job yet. It kind of is that. Because they didn't give him the ultimate control. I'm wondering you know. Is it like when Larry Page ascended to the alphabet and turned over the keys of Google? So that's an interesting thing to examine because that happened a couple of ago right? You're so ago and that to me. I mean in that arrangement. How and how did that work? How involved as far as you know were Sergei and Larry Larry specifically in you know the Google business while they were doing the kind of Highfalutin stuff that they're interested in. I think it depended and ultimately the reason that more recently we've seen Larry Page turnover. Ceo of Alphabet to Sundar is because there were still aspects of that job that he didn't want to do he was dragged into. I believe some of the regulatory issues more than he wanted to be. An and perhaps that's where the ultimate parallel is right. I mean I think if you look at what Baiba Bob I is doing right now. Is You know my read of it? He sort of saying look. There are a lot of parts of being. Ceo of Disney. That I'm done with that. I don't want to do any deal with Iran. Deal with corridors in the parks you deal with the frankly the pomp and circumstance that goes with being C- of Disney. I mean I. I think you got a glimpse of this from reading his book which I did right. There's a lot a lot to do. It's almost political appointment. And so I think you know in the same way that when Larry Page sort of looked around and said you know I really WanNa work on flying cars and self driving cars and a couple other things. I'm going to create a role to do that. I think there's a big element of that going on with Agar. Yeah the interesting part of that comparison to is that there wasn't a specific end date in mind with with Larry and Sergei with their their arrangement. Right it was just theoretically could could have gone on indefinitely whereas eager seems to at least and I think we should believe at this point. There is a specific end date at the end of next year. And I imagine you know I mean in some ways so I I think this there's a lot to sort of admire in in In the move as well and how cleanly it was done right you avoid a lot of internal speculation was distracting which was incredibly very distracting book. Came out we were hearing from people inside Disney. Everyone was reading it for clues through the next. Ceo's going to be and you avoid press leaks extra you know when you just you make it clean As for why it was effective immediately. I mean one point of view is it's not that much of a change so why not make immediately Y in six months? Should we say we're best bizarre love to know you're sticking in his office you know I? I don't know the answer to that but it's a big office literally it's You know that was a chance of that and look if if as a way to patch a tour pass the torch you can sort of see the logic of it yet it. It is still unusual and it's raising a lot of questions and I duNno. One last one for me is raising as you know there. There's there's so much talent out there in the world to And you know you look at these big companies that become you know. There are these entities in of themselves. They're so unique and they They do grooming their talent from within over very low periods of time. And I think you can understand why they do that. I just also hope for the sake of like the future of business as well that we find a way to bring in new leaders and more diversely to some of our countries and the world's most important and maybe that's you know an easy but I would have been very awesome moment to see that we didn't and just as a behind the scenes for us I mean bef- around the time that this decision was announced. I have been working on a story trying to put together a list of outside candidates that could be theoretical CEOS and also ones that could tick those boxes of being more diverse and more just something different than than what Disney had. You know. He didn't go that route for whatever reason. It didn't happen that way. And just last things here for me the decision to make it effective immediately and really as a bolt out of the blue. My guess is at least partly was informed. And we'll do more reporting to to get get you. The full story is to avoid drama. Right is to kind of just get it out. There have people sort to be shaken up for a bit and then everyone just sort of accepts it moves forward. I don't think it's GonNa work that cleanly I think. Drama will transpire post for a number of reasons that we can get into another time and so to me. The biggest question going forward is like what's the fallout from this decision. Who's going to be affected by it internally and the various things that Bob is going to be working on now how successfully in terms of working on creative which is a huge portion of the company and in you know were reporting to be done but obviously big questions around Kevin Mayor Who Very senior executive there runs the direct consumer business had been talked about as a potential. Ceo Some skepticism. Because he's sort of known as quote a deal Guy But you know at the same point. Eiger in many ways to find his. Ceo ship through big deals. And so you know people like that stick around Etcetera Etcetera. And you know I think it's remains a fascinating company has absorbed. Fox's entertainment assets and Because a lot a lot to watch it I think He knows someone put it to be and I. I don't know that I actually believe this statement. I think chafer is the new see of Disney. But there's also a sense of we may not really know who the next long-term co is and And I know the company probably will get mad at us for saying that but You know that's that's sort of the vibe out there right and these are the questions that I think that get prompted when you do it the way that they did it and they history that they have earned Jessica. I know we'll be talking more about this year. Thanks for joining.
"bob capex" Discussed on 10 10 WINS
"Hundred quicken or go to rocket mortgage dot com to learn more rates of change a two percent discount rate cover conservation commissions equal housing lender listens office it's an office number thirty three mayor de Blasio discuss the threat of corona virus at a news conference this afternoon he had nothing urgent to report there are no confirmed cases here but the mayor is well aware of the growing threat around the globe and he says the centers for disease control needs to do more we also call policy see to add to its testing regimen for travelers right now it is too narrowly focused on travelers coming out of China we think that has to be expanded to any traveler coming from a country that scene a major surge in cases most locations he says include Hong Kong Iran Italy Japan Singapore South Korea Taiwan and Thailand president trump will discuss corona virus when he meets with reporters this evening shortly after returning here to the White House from India the president tweeted he'll have a news conference at six PM eastern with CDC representatives and others as the virus spreads globally the president's downplaying its chances of hurting more Americans very well under control in our country not long after he said that yesterday in India a top CDC official warned Americans to get ready for an outbreak this morning the president tweeted CNN and MSNBC or tried to make the virus sound as bad as possible Sager mag ani at the White House Nassau County officials offered a status report of their own today gadi executive Laura Curran says remain calm there are no known cases of the corona virus in Nassau adding that the county is ready if the disease here we have a thousand volunteer medical reserve experts ready but there were no specifics on what exactly Nassau would do if the corona virus showed up in large numbers county health commissioner Dr Lawrence Eisenstein this is still a brand new virus we know so little about things like the mortality rates were now the county is having eighty three residents who visited China within the last two weeks voluntarily self isolate Roger stern ten ten wins in Garden City and American soldiers stationed in South Korea has tested positive for corona virus Latin America has its first confirmed case it's in Brazil now every continent except Antarctica has at least one case scary moments in Union Square this morning police say one man pushed another onto the subway tracks and then ran off this happened just after nine o'clock the victim was not struck by a train but he did hit his head on the track bad he's now at Bellevue hospital said to be in serious condition no word on what prompted the push when news time three twenty six now Bloomberg money what John ten ten wins here's Andrew day we're in the final hour of a flailing Wall Street effort today first the Dow was up almost four hundred this morning that it crashed all the way down to negative territory midday rose again and now we're falling again subject to be changed by the moment right now the Dow is down ninety two points S. and P. five hundred down six nasdaq looking better though rising twenty six trying to place bets on the great unknown which is the economic and public health impact of corona virus the abrupt announcement from the Walt Disney company's board late yesterday that CEO Bob Iger is stepping down because some to wonder about why there was such a sudden move I get told Bloomberg that now is the right time because it gives him as executive chairman until the end of next year to help new CEO Bob capex settled into his new role still it appears investors are going to miss out here at the top Disney stock down about three percent today bluebird money want to twenty six and fifty six past every hour manager day for ten ten wins now this message searching for a car go to major world where you will only pay seventy five dollars in.
"bob capex" Discussed on KNX 1070 NEWSRADIO
"Hundred thirty three thousand that's up six and a half percent from last year with ballet we've been on the upswing since almost spring last year mid last year and I've been exploring for quite a bit now while our inventory numbers keep on going down which honestly signals to me that these price trends are likely to continue this song is gonna start from Clark says more and more people are now staying put in their homes so if you're up for sale he says lower mortgage interest rates are leading to more demand but since plies low the prices are going up California state assemblyman wants to slash construction fees so developers to build more affordable homes assemblymen David Chiu says construction fees can account for about a sixth of the final cost of the homes that were in the worst housing crisis in California's history and we have double digit increases in homelessness happening in every major city in the state and so we need to do more to address the housing crisis an important part of that is figured out how to build three half million units of housing that we know we are short to stabilize our housing markets this week state Democrats introduced eight bills that would slash the cost of new housing construction hopefully to increase the housing supply one of the bills that we proposed would provide for state funding to reimburse local governments and cities that wave can pack feast on affordable projects according to the national association of realtors the median home price in Los Angeles county is nearly six hundred and forty eight thousand dollars Emily Valdez K. next ten seventy newsradio a bill in the California state legislature would clear low level criminal records of hundreds of thousands of people in the state dating back to nineteen seventy three we know that upwards of ninety percent of employers eighty percent of landlords asked for your criminal records history our applications on a job application on a rental application we know this has an impact on people's ability get work to get housing a California state assemblyman Phil Tang the state already allows some people and some felonies and misdemeanors to clear their record was built automate the process so people won't have to spend thousands of dollars in attorney fees to petition a judge the measure was included in the bill last year but it was removed before the bill is perfect he's not out at the Walt Disney company Bob Eiger or no longer be a CEO he'll become executive chairman overseeing creative endeavors hires contract expires at the end of the year and tell C. N. B. C. that is ready the company forty five years I was in the CEO job for fifteen of those years as president and COO for five so it's a it's it's been a fun run and I'm looking I'm looking forward to the run ending but I because I still have a job to do Bob J. pack will be the new CEO it is three twenty Martin Karl check your money investors are bracing for another tumultuous trading day the Dow has lost more than nineteen hundred points this week already the selloff could deepen depending on whether today's coronavirus headlines compel investors to offload risky assets investors may get an idea of how the virus is affecting travel both Marriott and Brookings holdings report earnings today one is the world's largest hotel operator the other the largest travel booking operator Marriott has seen its stock price plunged eighteen percent this year Disney's new chief executive Bob capex starts his first full day on the job taking over for Bob Eiger and J. back is now running the house of mouse with Disneyland in Shanghai closed because of the corona virus he ran the company's parks over the past five years home depot reported strong earnings yesterday today it is Los turn both chains Caroline about home prices as they rise home renovations rise to from Bloomberg business I'm Martin to Carol for can extend seventy newsradio devices take a hit they're banned from some spots in LA where more than forty right here on campus in seventeen ninety seconds three twenty one the world's a messy place we've got flooding road closures get your work done portage should we believe in letting the facts speak for themselves without getting hijacked by a bunch of noise from people who want to tell you how you want to think news and without the noise K. an extensive funding news radio depend on us it only takes a minute to find out if you may have pre diabetes.
"bob capex" Discussed on Snacks Daily
"I grow Bazi James Positions. He's retired first ballot business hall of Famer over here just retired as the CEO of Disney. Suddenly this is the top of the HEAP team. Time All Star Baby Daddy of baby. We're talking about Simba's personal mentor. We're talking about the guy who gave a kidney tinkerbell. When she had trouble flying snatchers. Were talking about Bob. The now former. Ceo of Disney. You've heard of Allama Steve. Jarrett Jack Mosser Richard Branson. You haven't necessarily heard a big Bob Eiger. But he's the. I'm sorry the former CEO of Disney since two thousand five and he's like what he did here is he didn't make his personality. The thing you should. Well you Got Walt Disney Mickey Mouse and like Superman. He let them carry the load on this thing. I gotta think Superman's DC and he was technically supposed to retire at the end of two thousand twenty one as a prize room. Jack and I are preparing the podcast. And we get an update. Bob's out we pulled an audible peyton manning style and we started to research. Bob Eiger Disney for the snack. Probably was gonNA take a three day weekend decided to extend to forever now. We said he's retiring as CEO but he will remain the head of content creation for Disney through twenty twenty one guy with like the whiteboard and like a bunch of Shari's being I think I think it should look like this. If you've seen the movie saving Mr Banks you know we're talking to you. If you know you know now I is arguably the most important person in Hollywood Yup media sports and toys okay. Hollywood Disney is the biggest movie studio by far at six ninety nine per month. Disney plus is basically a public service for TV movie binges. And it's like Oprah given this stuff. The National Parks Right Wonder Jack Sports. Two of the top six most watched things on television last year. We're football games on. Abc and ESPN. Guess what Disney owns both champs and then finally toys baby. Yoda enough said. Disney has battled through the financial crisis. Yes the great recession and the cord. Cutting destruction of cable TV snacker. Jack and I look at what Disney done. We see Bob Eiger as the guy who has seen it through it all took over in two thousand five win Disney owned twenty one cable. Tv Let's time travel back to two thousand five because ESPN was the only prophet puppy for Disney fifty. Five percent of Disney profits came from cable. Tv that's kind of a shock. Three years later two thousand eight NETFLIX LAUNCH. His streaming becomes a thing. That's a huge threat to Disney right. So what a Disney? Do they went out? And beefed up on content before net flicks ever quiet marvel studios they acquired Fox acquired Pixar and they acquired Lucasfilm's Aka Star Wars. And then they said you know we're GONNA need a little bit of technology to go along here. They bought a bunch of tech companies to help with the streaming. Thanks to those savvy moves from the leadership of Barbecue. Disney today is still threat. They got Disney plus theme parks and movies all living their best line. The stock today is five times higher than the day. Bobby Agar took over in two thousand sign my autograph book over here over up. Disneyworld and police tells the takeaway for our buddies over at Disney. The new guy. Disney seems kind of unqualified for the job. He's a theme park. Yeah not to go a little more extra linked to nine you guys but we're doing a little resume deep dive on this thing bikers. Successor Bob Capex Pack. He seems like the wrong guy for the drought right. You know what is a most recent position as head of Disney theme park? We got to endorse this guy for like knowing how to cut the line. He's an expert at Epcot. You'll like pointed a good Mexican restaurant knows all about the animal kingdom. Keep your hands flat if you want him to bite your fingers. It's a small world after all. Everyone knows it's kind of scary. He can kind of guide you through. That's Bob that's not exactly the skills that we're looking at this twenty-seven years ago before he joined Disney. Yeah shape. Pack was at Heinz Ketchup. Comp okay snacker nothing Heinz Ketchup. We use it on everything we squeeze it. Every day doesn't seem relevant though to a company that's trying to define the future of media and Disney's future is all about future media plus ESPN plus in Hulu. Those are the three core things the nucleus drive the rest of Disney's Zico. She heard this news. We sit down and slap each other because it feels like Netflix is offering the CEO job to the guy running the DVD. Yeah you don't want that. Dvd is not the future of noth- and maybe that's why Disney stock dropped six percent after the news. Because Bobby Agar is retiring four. Our second story shake shack stock dropped fourteen percent. Because it's going through a teenage slump full disclosure. Yeah we should do. This is emotionally compromised when it comes to covering shake shack. He met his wife at Middlebury College. But only on a first like four years later at shake shack. When you cut into a Schulmberger and I saw the way the cheese drip down Marley's Chin I knew she was the one barks flew when they touched the same cop. French FRY at the same. GonNa have to get a lot of Napkins but it was a beautiful thing now at shake shack. They're actually innovating here with my idea. Yeah what did they burn? Wedding Managers Four Day workweeks Aka three day weekends America. We need less work. Yes or long weekend. It's a critical thing shake shack. Do more of this by the way a very beautiful looking earnings presentation from shake shack they opened up with lots of delicious looking graphics like the Shack Burger. Getting squeezed is just the juicy you wanted. It was like a lot of hugging going on. It looks like there. The the whole chick chat companies going to community building exercise all that goody two shoes feeling was strategic because the numbers were really ugly. No when you look at same shack sales or like stores that are open at least a year. Those dropped three point six percent traffic. Which is the number of human beings that walked in to shake? Checks fell by five percent. Meanwhile they're like Madison Square Park. Line still goes all the way out to New Jersey part of the reason dropping sales and dropping foot. Traffic is a surprise. Is that most of the two hundred seventy five shake shack locations are BAE authored door. Ably Young. Nearly two thirds of all shake shack. Knackers are less than three years. You would have thought that a brand new shake shack in the neighborhood would have boosting sales because of the novelty of a new restaurant just opened up and cow hollow in San Francisco. You literally have to like lobby to get into this thing. But apparently that's not the case. Nationwide sales are falling. So Jack and I looked into this further and we noticed the answer could be on slide number fourteen of shakes earnings deck. They plan to increase innovation in two thousand twenty. The problem shake shack. It's already twenty twenty two months deep. Yeah and then we noticed the CEO had this critical line. Which kind of solidified that? Yeah Yo l you know. We chose to limit our menu innovation in comparison to prior year. Basically you're saying you gave up on the core foods that drove store traffic. What's going on here? Get this the veggie Shack Burger. It's only plan and Hacia check. Not Sure if you've seen this but plant-based burgers are kind of a big deal. We were going to be like an a plant based ASPARAGUS hotdog. By the time in our laps right. Remember Domino's sold salad's not to sell out. They sold salads to sell pizza. Meanwhile shake shack still pumped chicken bites which are just fried chicken bites that they came out with last year and was like the only thing that came out with last year and hot chicken bites there only a limited time option. Come on stop messing. Just put the chicken shake shack. So what's the takeaway Jack for buddies overtake the future of fast food is acting like attack And that means launching new products and eliminating friction at McDonald's. We've spent one billion dollars in the last year on kiosks so that you can order quicker and get your food faster at shake shack. They have like a bunch of kiosk that looked like a high school computer lab..
"bob capex" Discussed on Newsradio 970 WFLA
"To rest at curlew cemetery all died after they retired from service none killed in the line of duty for more news listen to the daily died the big news stories explained not shouted listen to the daily dive each day on the I heart radio app or wherever you get your favorite podcasts it's five oh four at newsradio WFLA this is a Bloomberg money minute investors are bracing for another tumultuous trading day the Dow has lost more than nineteen hundred points this week already the selloff could deepen depending on whether today's coronavirus headlines compel investors to offload risky assets investors may get an idea of how the virus is affecting travel both Marriott and Brookings holdings report earnings today one is the world's largest hotel operator the other the largest travel booking operator Marriott has seen its stock price plunged eighteen percent this year Disney's new chief executive Bob capex starts his first full day on the job taking over for Bob Eiger and J. back is now running the house of mouse with Disneyland in Shanghai closed because of the corona virus he ran the company's parks over the past five years home depot reported strong earnings yesterday today it is Los turn both chains Caroline about home prices as they rise home renovations rise to Martin to Carrow Bloomberg radio Titan plumbing electric is a company you can trust online a Titan plumbing and electric dot com Aaron Jacobson here and the passing of the new secure act could add tens of thousands of dollars to your retirement plan call eight three three Nagy tax to get the guidelines on the new secure act they'll make sure to have them working in your favor now padding your retirement plan with additional dollars isn't against the rules it's just smart call eight three three Maggie tax ask them how they can secure tens of thousands of additional retirement dollars for you visit Nagy tax dot com how the folks on Jack Harris and I want to tell you about the new audit bell via Hey I'd the first hearing aid ever to use artificial intelligence to replicate normal hearing while relieving you of the unwanted all please it's also the first hearing aid that can detect if.
"bob capex" Discussed on WTOP
"Is there families are brought their barbecue pits their seafood boilers tables chairs and tents out people throw all kinds of collectibles from the floats to the crowd what you get you get your copy of what's in the Cup I have some vodka only in New Orleans absolute man it smells good what do you grown right here some say demand some bag straps and their sizes some hamburgers Dave going for CBS news New Orleans Ford recalling two hundred seventeen thousand twenty eighteen through twenty twenty F. one fifty pick ups W. W. J. Jeff Gilbert this is a problem that happens when drivers turn on their low beams at supposed to switch the vehicle from daytime running lights to parking lights it doesn't the best way to prepare for a marathon well would you believe potato chips but Michigan reports a new study in the clinical journal of sports medicine finds that electrolyte supplements don't work to keep the body is essential sodium levels balanced the result can be cramping and nausea and seizure and death in extreme cases the study's lead author ultra marathoner Dr grant Lipman recommends hydration and salty snacks I personally like potato chips there's no fat content calories to energize my run and the good folk load because it just drinking water just drinking electrolyte that's not gonna protect you from potential injury from low salt but Mysskin CBS news the creators of the Philly fanatic are accusing the Phillies are violating their intellectual rights team unveiling a redesign of the mascot complete with feathers starry eyes a larger posterior in a powder blue tail and that's the CBS world news roundup I'm Jim Shannon CBS news this is a Bloomberg money minute investors are bracing for another tumultuous trading day the Dow has lost more than nineteen hundred points this week already the selloff could deepen depending on whether today's coronavirus headlines compel investors to offload risky assets investors may get an idea of how the virus is affecting travel both Marriott in Brookings holdings report earnings today one is the world's largest hotel operator the other the largest travel looking operator Marriott has seen its stock price plunged eighteen percent this year Disney's new chief executive Bob capex starts his first full day on the job taking over for Bob Eiger NJ back is now running the house of mouse with Disneyland in Shanghai closed because of the corona virus he ran the company's parks over the past five years home depot reported strong earnings yesterday today it is Los turn both chains Caroline about home prices as.
"bob capex" Discussed on KNX 1070 NEWSRADIO
"Hundred thirty three thousand that's it for the six a half percent from a year earlier with ballet we've been on the upswing since almost spring last year mid last year and I've been exploring for quite a bit now while our inventory numbers keep on going down which honestly signals to me that these price trends are likely to continue so Thomas Joshua Clark says more and more people are now staying put their homes so fewer are up for sale he says lower mortgage interest rates are leading to more demand but said supply is low the prices go up California state assemblyman wants to slash construction fees so developers will build more affordable homes assemblymen David Chiu says construction fees can account for about a sixth of the final cost of the homes that were in the worst housing crisis in California history and we have double digit increases in homelessness happening in every major city in the state and so we need to do more to address the housing crisis an important part of that is figured out how to build three half million units of housing that we know we are short to stabilize our housing markets this week state Democrats introduced eight bills that would slash the cost of new housing construction hopefully to increase the housing supply one of the bills that we proposed would provide for state funding to reimburse local governments and cities that wave can pack feast on affordable projects according to the national association of realtors the median home price in Los Angeles county is nearly six hundred and forty eight thousand dollars Emily Valdez K. next ten seventy newsradio a bill in the California legislature would clear low level criminal records of hundreds of thousands of people in the state dating back act of nineteen seventy three we know that upwards of ninety percent of employers eighty percent of landlords asked for your criminal records history our applications on a job application on a rental application we know this has an impact on people's ability get work to get housing California state assemblyman Phil ting status assembly already allow or the rather the state already allows come people with some felonies and misdemeanors to clear the records the automated process so people won't have to spend thousands of dollars in attorney's fees to petition a judge to do that the space was included in the bill last year was removed before the bill was approved it's one fifty it can extend seven the money for the car investors are bracing for another tumultuous trading day the Dow has lost more than nineteen hundred points this week already the selloff could deepen depending on whether today's coronavirus headlines compel investors to offload risky assets investors may get an idea of how the virus is affecting travel both Marriott in Brookings holdings report earnings today one is the world's largest hotel operator the other the largest travel booking operator Marriott has seen its stock price plunged eighteen percent this year Disney's new chief executive Bob capex starts his first full day on the job taking over for Bob Eiger and J. back is now running the house of mouse with Disneyland in Shanghai closed because of the corona virus he ran the company's parks over the past five years home depot reported strong earnings yesterday today it is Los turn both chains Caroline about home prices as they rise home renovations rise to from Bloomberg business I'm Martin to Carol for can extend seventy newsradio the silence breakers speaking out more on that story coming up for you in just about a minute to happen can extend seventy it's one fifty one most of those best sellers on business strategy and my strategy boil down to one idea figure out what you do and do it well KNX we report the news that's what we do no comment news without the noise can extend seventy newsradio depend on.
"bob capex" Discussed on News 96.5 WDBO
"Nominee as well for more go to my blog at news ninety six five dot com for more washington watchdog jamie dupree's blog if you're not on your computer you could also read it on the free news ninety six point five wdbo app just tap jamie debris biting time clark howard the guy helping you keep more of the money you make and this is where orlando turns first for breaking news weather and traffic news ninety six five wdbo tonight some startling number in a new report that examined the frequency in which opioids are prescribed to medicare beneficiaries inspector general report finds about one in three received a prescription opioid in two thousand seventeen now that's down from twenty sixteen but the report still calls the numbers concerning in florida about thirty percent of beneficiaries received an opioid prescription the report says the centers for medicare and medicaid services is taking steps to get those numbers down including limiting initial opioid prescriptions to no more than seven days in washington david john's news ninety five wdbo if you're heading to an airport today flying for be prepared to be patient a lot of people getting ahead startling independence day holiday predicting a near record two point six million people go through an airport today that's yearly half a million more people than on typical travel day csa also beefing up security efforts with a greater focus on powders and electonic devices like laptops also worth noting with rain in the area there is the potential for the delay as well and the heartfelt dedication of toy story land today starting off of the performance by some of our favorite toy forty buzz jesse and the choice three soldiers held bob capex chairman of.