Dom, thank you very much for that good morning, its 8 00 a. M. At disney headquarters in burbank, california, 11 00 a. M. On wall street, and squawk alley is live good tuesday morning, welcome to squawk alley. Im Carl Quintanilla with sara eisen and john fortt on the new york stock exchange. Scott galloway, of course, from Nyu Stern School of business is at post 9. Good morning, guys you can guess what were going to talk about at the top that is acquisition talks sending shock waves through the media world. Disney reportedly held discussions to buy most of 21st century fox, increased competition from rivals like netflix and control of hulu both considered part of the motivation for that deal professor, you first on this, and we talked about how it shows flexibility on both fox and disneys side in adapting to a netflix era, right yeah, everyones bulking up, and because when you think about it, amazon and whole foods, facebook and instagram, the greatest acquisition that didnt happen wou
Faber broke the story, a lot more on what it could mean for media content and streaming and more the vote is in, bill ackman has lost it was a pretty tough shella shellacki shellacking. Well talk to Carlos Rodriguez about this companys victory coming up. Bob lutz says we are approaching the end of the automotive era and in 20 years no one will even own a car well dig in on bobs predictions. David, first up, the latest on disney fox. Listen, yesterdays story was interesting, largely for the fact while it may not actually occur, that is disney buying many of the units of 21st century fox, the idea that 21st century fox was willing to engage in talks designed to sell a large part of the company, willing to go smaller in and of itself sends a significant signal to many of the Traditional Media Companies out there and that is the case again as we had reported through yesterday at 1 30 when we broke the story, talks had taken place over the last few weeks. They had ended although they could
Much about on the campaign trail. It shows the race much closer, in fact, a couple of days ago he had the lead. In the most recent version it comes out every day at 6 00 in the morning, were now in day seven, the Hillary Clinton with a onepoint advantage over donald trump. That is much smaller, obviously, than what we saw in the average of what weve seen in other polls. Dont dismiss this out of hand. I know some people are as we look at a chart of it since it began. This is, as i said, day number seven. The trends are in fave of mrs. Clinton, theyre her friend. Instead of being down two, shes up one. Still margin of error stuff in this poll. Shes been doing better in the south, among moderates, so it is trending in her direction. But polls like this are outliers, and a lot of people will ask questions, how do they compare to other polls like abc or cnn which showed her up by five points. You know, we dont necessarily find any issues with this idb poll. Its history is quite solid over t
Today. Road map begins with apple. Shares falling after that first revenue decline for a year since 2001, but its cash hoard swells to a new record. Cocacolas poised to open higher, this after a quarterly beat. North america showed signs of strength, and that did offset sales weakness abroad. And shares of chipotle and panera going in opposite directions, both reporting earnings. Were going to break down those numbers. But first, apple shares falling. Quarterly earnings did beat consensus but profit and rove knew fell for third consecutive quarter as apple sold fewer iphones than a year ago. Apple is banking on iphone 7 to boost holiday quarter. And on last nights Conference Call tim cook talked about prospects for growth in china. Its very hard to gauge demand, as you know, when youre selling everything youre making. And so well find out more through the quarter, but were confident enough to give you guys guidance that were returning to growth this quarter, which obviously feels very
Artificial intelligence, jobs, commercialization. This is a time of transition. I hope we will focus more on issues rather than just on who will be the next chairman and who held the most fundraisers for a specific candidate. Such an important part of our economy as individuals. We need to look fresh during this transition about what it is we will be doing. Peter robert mcdowell, you went from the majority to the minority. Did you try to push some things through . Robert shout out to my good friend. He was acting chairman for the first few months of 2009. Our friend jonathan edelstein, undertaking the most difficult job, which is the Digital Television transition. It is the era of the three amigos, led by the chief amigo here. Mike copps, i will destroy all the credibility we have for our constituents, we agreed 100 of the time. Items 50 votes on major and we voted together unanimously on all 50 of those items. The only divide we cannot bridge was the tar heels and i am a duke blue dev