Good morning i am Carl Quintanilla with Morgan Brennan and jon fortt at post nine of the New Yorkstock Exchange were starting with disney in focus as shares surge post earnings Julia Boorstin sat down with bob iger after the call, joins us with more of that important conversation hey, julia reporter well, carl, while disney parks and movie Studio Division continue to outperform, the real focus this quarter is disneys Digital Future with disney plus, the streaming Service Launching tuesday. Without revealing any early subscription numbers for disney plus, bob iger told me he does expect the service to get off to a strong start. It is ready to go i am glad to say we tested it in the netherlands, well talk about that on the call, it was successful. It did not have original content but was well received, not just in terms of number of subscribers but the user reaction to it, very, very and a half navigable, great access to our brands and story telling. He announced new distribution, a deal
The top analyst on apple he is with us live after a major player at the company says, its time to leave. The Halftime Report with scott wapner begins right now. Welcome good to have you with us our Investment Committee at the table today. Lets begin with the market. Stocks are jumping on the last trading day in june. All eyes on osaka as the g20 in full spring. We countdown to the meeting between trump and xi trade playing a big role in what the second half of the year will hold for investors why dont you size it up for us after a great first half yeah. Then i think not only did we have a great first half, but this week looks like it was a really big catchup trade a lot of stocks that had been hit hard suddenly reversed i think thats important if were going to continue this trend and have a substantial breakout that lasts. I want to focus on the rate sensitive names got absolutely rocked this week a lot of bigger damage in some of the bigger. And utilities down 2. 5 on the week we came
And short form video startup quit be looking to raise another 500 million ahead of next years launch on top of the 1 billion it has already raised. Ceo meg whitman tells us how the servicele streaming will compete. First, major news out of apple. Apples chief designer, jony ive , longtime designer, is leaving the company to form a long time to form his own design company. Ive is responsible for the look of some of the iconic products including the iphone. We got a press release minutes ago from apple. There is a quote from tim cook is a singular figure in the design world and his role in apples revival cannot be overstated from 1988s groundbreaking imac and the iphone. To a certain extent, this is not incredibly surprising. Over the last couple of years, ive has sort of taken a step back from the public eye, from the day today in the design at apple. He was very focused on building apples new headquarters, its circular headquarters in cupertino, california. Cook goes onto to say apple
shocking video showing a migrant squeezing himself through a border fence into the u.s. and you can ask yourself whether or not this is just a preview of things to come real soon 13 days and counting. new hour starts now. dana has the day off. i m bill hemmer. shannon, you are back with us. shannon: always my pleasure to be with hemmer time. thank you so much. for dana today. officials expect upwards of 10,000 migrants to cross into our country daily, every day when title 42 ends. it is coming up on may 11. chaos is already beginning to unfold in el paso where migrants packed the city streets in high speed car chases take place on a nearly daily basis. this situation is no better on the mexican side of the border where thousands of migrants have set up camps waiting to cross as biden administration officials finally lay out a new asylum plan. bill: making migration more safe, orderly, humane. the whole model is to reach the people where they are to cut the smugglers out
Bloomberg, im Tom Mackenzie. Asia has struggles after the s p hits another record. European futures are flat. In the u. K. , crucial data is due , Andrew Bailey expects quite a drop as the Central Bank Ways weather to cut rates. The next move will be a cut. The question is how long we have to maintain this level of restriction. Tom divergence grows and fed officials reaffirm the higher for longer approach. Christine lagarde says there is a strong likelihood of a cut. Lets check in on these markets. The fed reiterating higher for longer. European futures are flat, s p notching the 24th record high this year by the end of the close yesterday. And the volatility in focus ahead of an nvidia earnings with market suggesting 8 moves depending on what comes through from the maker of Semi Conductors. European futures with modest gains. Ftse 100 adding 12 points. S p unchanged, nasdaq pushed higher, 18,000, a modest gain. It will be sensitive to earnings. The pound is in focus. Headline around 2