Earnings would be about the same adds last year. Not something wall street wanted to hear. They were expecting the si solid growth in profits. After that one disappointment came another. This one from comcast. Who said competition is stiff and warned subscriptions would be down. It is no vet that Media Companies have been struggling as cherry picking viewers stream the traditional beefy bundles of cable tv channels. Today, those concerns played out in the stock market and how. Disney would you likely own in a mutual fund, retirement or individually was the worst we are forming dow stock today. Comcast, the Parent Company of cnbc which produces this program was off more tg to other part o the media sector. Julia boorsen takes a look. Red flags from disney and comcast, making headlines out of the Media Conference today. I think what investors are worried about though is the pressure broadly on this group. So gerngs an environment where people are shooting first and asking questions later. A little bit of weakness, crack in the foundation. Gets people really scared and rushing for the exits quickly. Disney shares falling after bob iger warning that earnings with last year. Short of analyst expectations. Iger tweeted the shortfall to a number of reason, growth and cost for nba rights, costs related to buying more bca a the cruises and shortening of other cruises. Then comcast shares plumeting on concerns of the cable business. Matthew strauss. Saying that due to competition as well as hurricane harvey, the Company Expects to lose between 100,000 and 150,000 video subscribers in the third quarter. Quar they called it the most competitive in recent history, with traditional rivals slashing prices as well as new digital entrants. Investors are wrestling with the question of the viability of the traditional pay tv model. I think theres no doubt that generationally, people will be subscribing more and more to these new over the top services and i think thats likely to put some pressure on continuing pressure probably accelerating pressure on the traditional pay tv bundle. They dropped not on major news of their own, but those Big Questions raise d by disney and a g will transition into the Digital Media landscape and what kind of impact new bundles will have. For nightly business report, ia boorstin in los angeles. For more on disney and comcast and what the meltdown is telling us about the industry. He is senior Equity Analyst at cfra research. Welcome back. Thank you, sue. You have buy ratings on both stocks. Does todays announcements by either one of these companies change your opinion of them . And why not . No, it doesnt, actually. But i will agree with some of the sentiment that was expressed earlier. The secular challenges facing the media sector remai the head wind from subscriber pressure on traditional ratings and the shift from traditional pay however, we find it comforting that some of the factors that were cited as julia alluded to, hurricane disruption for disney and comcast or the cost related to the bam tech integration by disney or even the one time you know, comparisons to star wars for disney. Some of these we expect to reverse, so, to your question, we expect for next year for disney is going to be significantly better than the expectations for this year, which ends this month. These are two very, very interesting companies. Disney possible does not have e the way comcast does. What take them one at a time. What does disney need to do, what does comcast need to do to make sure they keep profits growing and their stocks moving higher . So, in the case of disney, i think theyre really moving to respond to the shift. In the landscape. This direct consumer launch is is going to be potential g ch the pure content company, i think the company understands that getting this content in a most efficient way to consumers and responding to the changes resulting from Technology Disruption whether its in the mobile or online arena, i think all of those things bob iger has spoken about and monotizing their content in other areas. Very viable. Obviously, having nbc universal, which is firing on all slendera disturbed by the video losses again. Potentially one time, but we expect comcast to cont execut very innovative on the video platform. X1 has been a game changer for them. The really transitioning from core video provider to a holistic in a bundle that relies on high Speed Internet and being able to offer customers that integrated experience. The customer relationships areh subscribers are dropping, so, i think the challenge is going to be to really seek to provide a seamless experience. We have to leave it there. Always great to talk wyou. Thank you. And wall street disneys warning weighed on the dow blue chip index. Financials also fell as yields declined. The Dow Jones Industrial average fell 22 points to 21,784. Nasdaq rose 4. 5 and s p 500 kind of right in the middle there. Almost flat. Down aa point. Now to Hurricane Irma and as she churns towards florida, a major port plans to shut down. Port everglades houses about a dozen fuel terminals. The coast guard to night, the port is expected to suspend operations. This as gas stations around that state struggle to keep up with demand. Jackie has more. As Hurricane Irma barrels towards florida, major cities like ft. Lauderdale are making preparations. For what could be the citys wot storm in over 50 years. Officials are preparing the city and part of that means protecting Port Everglades. On a typical day, we probably have ten to 15 hips arriving with whether theyre cargo or petroleum or cruise ships that we have scheduled for this weekend. Were working with all of our operators, whether theyre container or petroleum to ensure theyre ready and can orderly shut down the pha a sifaciiefac. This is floridas largest port by revenue. 163 million last year. Also the states second Largest Petroleum port. What people dont realize is that port supplies the petroleum for about 18 southern counties, so initially, youre going to see a further shortage of pet l c as eum becaus residents evacuate. Monitoring fuel and have connected Emergency Fuel equipment providers for fuel simply and equipment. Were moving as much fuel as fast as possible and the state is working as quic possible. Be considerate of your neighbors. Take what you need to evacuate. Dont take ext meantime, ten ma operators also come in and out of Port Everglades ships. Some of those trips being canceled or delayed. Right now, the storm st is still a while away and the majority view is its better to be safe than sorry. Today, the Senate Approved legislation d approved yesterday by the house. For a total of more than 15 billion. The senate bill also extends a federal Flood Insurance prog ea. The legislation also averts a debt crisis by lifting the governments bor limit and it skirts a Government Shutdown by passing temporary funding into december. The Washington Post is reporting that President Trump and Senate Minority leader, charles schumer, have agreed to pursue a deal that would permanently remove a requirement that congress raise the debt limit. Thd e possibility with congressional leaders. For many years, people have debt ceiling all together and there are a good reasons to do that, so certainly, thats something that well discuss. Complic things, its he meeti really not necessary because youre talking about budget, so its not necessary. But its certainly something we could discuss, but as long as its there, it will never be violated. Any measure would still have to pass both the house and t. A Senate Committee has advanced the president s nomination of randal quarrels to the Federal Reserve board. He was confirmed at vice chairman f supervision, a position dubbed as nations top bank cop. Hes expecteded to take a more conciliatory approach. The next goes to the vote of the full senate. E vacaro as we told you yesterday, Stanley Fisher will step down next month. The European Central bank could be ready soon as soon as next month, to finally sart scale iing back its stimuo drag growth forecasts for region ratcheti up expectations that it will start to phase out its bond buying program. An end to the stimulus would raise longterm interest rates, potentially impacting the markets, companies, governments and consumers. President trump today said a military strike against north korea would be a very sad day for that country. The presid threat to sanction countries that do business wa means chin. We take a look at their economic ties. No country cloms close to china when it comes to the amount of business it does with pyongyang. Experts calculate that 90 of north korean merchandise trade ish year, total trade reached 5. 6 billion, a slight increase from the previous year. Analysts say the numbers dont accurately reflect the full story because of u smuggled goods and unclear fuel data. China says its been fuelling trade and thats reflect nd the most redata. Textiles, fish and steel. Top experts are machines, car and railroad components. China says it will cut back on trade even further to abide by the new tougher sanctions, but to go. The u. S. I and china is a major fuel supplier for north korea. But today at a regular briefing, the commerce minister responded to a question asking if china would consider taking part in an embargo, saying we will continue to deal with north korea trade issues in a manner that benefits the denuclearization of the korean peninsula, showing that beijings policy hasnt changed and its still reluctant to cut off ail to n still ahead, do you use an atm . You probably do and there are some things yo. The fda is warning a serious violations at an epipen facility. In a letter, the agency said ta unit failed mul failures including those associated with patient deaths and severe illness. The company has 15 days to 1 , submit a pfizer was flat. Am sazon is shopping for a second home. The coy wants to spend about 5 billion to build another headquarters in north america. It will. Howard roughly 50,000 employees. This space is expected to be equal to it current home in seattle which covers blocks. Highlighting how fast the company is expendiy will a locn next year, but it wants to be near a metro area with more than a million people, within 45 minutes of an International Airport and have direct access o mass tr that amazon and apple are among the Companies Bidding for right to the james bond franchise. According to the hollywood brothers remains in the lead, but apple and amazon are willing to spend about the same amount or more on the rights. Apple has been ramping up its focus on original video. The james bond franchise is set to be anywhere from 2 billion to 5 b. Eli lily plans to cut more than 3,000 jobs and thats where we begin tonights market focus. The drug maker said it would lay off about 8 of its Global Workforce to cut costs and invest in research and medicines. They say a majority of the cuts are expected to happen in the u. S. , but through a voluntary earl. Sh rose more than 1 to 81. 45 i. Go pro said it expects an adjusted quarter. It believes its upcoming launches will excite customers ab they see revenue. Higher to 10 on the button. Lower e commerce sales and weaker demand for ereaders caused revenue to fall. Bookstore chain reported an unexpected loss and said it still expects same store sales to fall in the low single digits. Shares though down more than 9 on the news to 7. 10. Bass pro shops spending 4 billion deal to buy rival cabela just cleared a hurdle. The Federal Reserve cleared a sale of the credit card business to a georgia bank. The merger is expected to close this october. Shares soared 14 . Bas pro shop is privately owned. Verizon hiked its Quarterly Dividend 2 to 59 cents a share. Arooufed a quarterly e dividend increase. Shares were off 1. 5 to 46. 20. And the wearable device maker fitbit has entered into a partnership with glucose device maker dexcom to help diabetics better manage their disease. They say next year, th sync wup senatsor sensors. Shares rose nearly 10 to 6. 49. And after the bell, gun maker American Outdoor brands posted a loss and a drop in sales. The company said the weak results were due to fewer orders. Shares initially plunged in after hours trading, but fini finished the day unchanged at 16. 94. Equifax said it was the target of a massive breach. They say the incident potentially impacted 3 million u. S. Customer, include k some social secu th discovered the unauthorized access at the end of july to remedy it. Is the atm or gas pump youre using safe . Atm skimming is on the rise as criminals try to steal your money before banks switch over to new chip technology. In the past week, officials have found skimmers on gas pumps in ohio and at banks in florida. Criminals have new hightech ways to collect your debit and credit cart information and get your cash. Andrade has that torre. Skimming is over 2 billion problem globally. That cash swiped by hightech thieves when you swipe at the atm or gas pump. They use card readers to grab the info. But they arent ordinary. Thipgs are getting more think again. The latest gadgets are stashed deep inside. Security expert found this for sale on the dark web. Its as thin as a credit card. It slides ie slot and down, not ooempb detectable. His one uses p correct wireless, act like youre pumping gas and leave. Another has a cell phone chip. So thieves dont have to go back s the number to file forour them to obtain. Almost impossible to detect, but sometimes, the bad guys leave clues sxwlchlt if the alte thats a huge thing. Turn on your blue tooth and see if you see weird networks popping up. But if you get skimmed, is it up to you . Absolutely. When you notice an unauthorized transaction, if you report it within two days, then bank will reimbus you for anything over 50, but if you wait for your statement to come, then the law gifs you 60 days in which to report. But because you wait ed, you ar responsi withdrawal. Atm operators are doing n as much they can to try to fight this. Its an on and atm makers are wn ways to stop it. Like inserting your card sideways. That change has been able to defeat all devices. But he admits that nothing is 100 atr defeat the latest technology. The best advise is to look for any clues thieves may have left behind like jiggling the card slot to see if its loose. If you can move it, dont use it and all check your bank statements. Coming up, an exclusive never before seen look at the big business of keeping you safe. Efore you get on your n in the 16 years since september 11th, u. S. Airports have spent billions to ramp up security with stricter screening and a host of stateoftheart equipmtsa alone spends more tha own details from , but airports private guard to their o forces. The countrys second Busiest Airport allowed Morgan Brennan behind security into part of the airport where cameras have never show you how keeping you safe is serious this s. W. A. T. Team swarms a bus reportedly filled with hostages. Please dont move. They move in. Quickly clear. And secure it looks all too real. But its really all intense training to prepare for the worst. Scenes like these. Down in front of me. Come out with your hands up. Played out every day around los angeles internatio better noeknown as lax. P its the countrys second a a prime target for terri ace tacks. David maggert oversees some 100 officers and staff. With a budget of more than 200 million annually. Most if not perhaps all major airports would never let us in a room like this. Why is it so important to show the public . We want to make sure people hard every day in a variety of different ways to make sure we keep this airport safe and all of the lax. Le that travel thr is there anything that keeps you up at night . Im a worrier. I think about everything. The possibilities. Lax security has been targeted in a number of high profile incide2002 shooting at a tiktd counter and another in 2013 when a r killed an officer and wounded three others. That resulted in a commissioned report that made a series of recommendations to improve security procedures through better coordination and training. Theres where you can see the clarity. Were in whats called the Airport Response Coordination Center or arc. Various agencies monitor camera, social media and intelligence leads for possible threats. Controls the Ground Center th movements and all it takes to make an airport like lax work. What is this . Remipresents threats. Cig kan issues going on now. They may or o may not be fully act yulized, but these are what people are responding to. Whats the exclamation point . Pert perfectly timed. Thank you. More than 3,500 cameras, mostly sony hd or 4k, are monid around the clock from this room. The pan tilt zoom cameras are remarkably clear and close up. Plans are in the works to double the that amount as the airport undergoes a massive expansion before the olympics. An enhanced check Point Program called Operation Safe entry is a daily random screening of vehicles going into lax, which means anyone driving in through one of the airports five entrances could have their car examined. Theres even more periodic screenings using Radiation Detection devices. Where this truck scanning vehicles. So far, in the eight years since the program began, nothing harmful has been detected. How real is the threat of a dirty bomb . We have to make sure were addressing every threat thats imaginable. We have analysts here that are connected virtually around the world to evaluate threats, to evaluate what we can do to intervene in those threats, to protect. So, we are looking at virtually every type of threat that you can imagine. Including a dirty bomb. Chief maggert says the small incon venus to the public is worth it. Whats the balance between the necessity of that versus what some of those folks going through some of those check points woul consider intrusion . They they want to turn around the ability to do that, but if l abilities for us to do e some searches. Were looking for an that might be harmful to the airport environment. For nightly business report, im Morgan Brennan. Night, in part two of our we go on an operation with Airport Police targeting what they call the insider threat. Its the security issue experts told us is their biggest concern it. For more, fascinating. All right, that does it for us tonight. Im tyler mathisen. Have a great evening, everybody. See you back here this is a bbc america. Funding of this presentation is made possible by. The freemen foundation. And coal Fuller Foundation pursuing solutions for americas neglected me. Planning a vacation escape thats relaxing inviting. And exciting. Is a lot easier than you think. You can find it here in aruba. 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