Thrilled to report that the performance was the single greatest quarter in the history of the Walt Disney Company and a start to fiscal 16. He said revenue is up. Net income up 32 . Adjusted earn ings up 28 to a buck 63 which is the highest quarterly per share ever. And the tenth consecutive of earn ings share growth. Our long term Strategic Focus in investment and brands and franchises are drawing value in the businesses. With this good news how much did the stock go up today. Three, four points . Wrong. In fact, it plunged. It lost more than three bucks or 4 today. [ booing ] it hit a new low of 86. Now in heck is that possible. How can a stock like clorox with meager growth sell 26 times earn than the average stock in the s p 500. How does hormel, the maker of spam, trade literally at twice the price to earn ings multiple of this amazing company. The answer on wall street is simple. Much of disneys growth comes from espn. Though ieger tells us 95 of americans with a bundle watch spo
We have some breaking manufacturing data now here in the u. S. Lets head to the markets desk were julie hyman has the latest. Julie you have the ice and Institute Index coming in at 49. 5 . That is a point better than estimated. Earlier, we got the marketing Manufacturing Index rising to 51. 3 . That would still seem to signal expansion. This number i mentioned the signal contraction. That is something they keep in mind. We saw that factory activity strengthening less than forecast in the month of february. A little bit of stabilization in this number again 49. 5 is the figure we are looking at. If you look at what is going on with the major averages, you can see the s p 500 bouncing around in a narrow range of 9 10 of 1 . All three major averages have been rising. That is even as we see oil actually falling now. Oil have been rising throughout the morning. A lead lower. It did not seem like there were any particular headlines that drove it there. We saw Vladimir Putin meeting with oil
Question their systems, and remember whos the biggest short in this. It is big ackman. This has been the trade hes been ringing the bell on the last three years. Is he getting closer to getting his way . Unclear, but we know this is a very big number. David ease government regulators as it turns out. Stephanie not the only big thing happening today. Roger the other big thing happening today, bridgewater sitting down with Eric Schatzker. Thats coming up later on. Lots of news to get through, and lets start with the first news. Mitt romney is going off to donald trump in a few hours, the former president ial candidate will make his case why trump shouldnt be the nominee. In prepared remarks, romney says donald trump is a phony, a fraud, his promises are as worthless as a degree from Trump University. His domestic policies would lead to recession. Is foreign policies would make america and the world less safe. Trump says romney ran a terrible campaign four years ago. It didnt take long fo
Balance growth and reform as they debate the next fiveyear plan. They are expected to target growth. Investors want to know how they will boost it and rein in debt. A single the markets. Hong kong and china are currently closed for lunch. Heres how they were training in the morning session. This is the picture in tokyo plus, Silicon Valley side with apple. Also, microsoft and more. How was the legal fight shaping up . We will bring you the latest area and apple checks out voice controlled gadgets. And what they are planning. But first, Hp Enterprise that shares getting a boost in afterhours trading. Remember, this is the bigger of hp entities for business clients. The Company Forecast profits 49 to . 43 a share. They are perhaps taking that as a sign that they are showing early returns. We have now completed our first full quarter as an independent company, and are off to a strong start. We are a smaller, more focused and Agile Company across a number of fronts. Our partners enjoy our
Politically motivated media spectacle and promises to fight charges and a corruption scandal. Powered by our 2400 journalists and more than 150 news bureaus around the world. I am mark crumpton. Emily this is bloomberg west preview coming up we hear from california governor jerry brown. We talk elections, the economy, and Silicon Valley. Plus our mutual funds marking down startups . We talk about the rapidly changing funding environment. And lincolns capital was slashed in half. Lead, the story that could set one of the most important precedents is this decade, apple versus the fbi. It has escalated to a new heights with the head of the fbi asking apple to move its vicious guard dogs and apple rallying Silicon Valley allies to its side. Our only concern is with warrant encryption. While there isnt a middle ground i know of that requires apple to go to work for the government, we have a constitution. The constitution is not a suicide pact. It was built to defend this nation. If all of a