We start with the worlds biggest Entertainment Company because after a tough 18 Months Walt Disney is bouncing back from the pandemic. It made revenues of 17 Billion Dollars in the three months tojune up 45 per cent on this time last year and more than Wall Street was expecting. Its Streaming Service Disney now has 116 Million subscribers. And visitors are returning to its Theme Parks as restrictions are eased. But will it last . The bbc� s Michelle Fleury has more from new york. The worlds largest Entertainment Company Walt Disney is riding high after it reported total revenues of 17 Billion. The Ceo Bob Chapek says he is pleased with the Companys Trajectory even as he acknowledge the ongoing challenges of the pandemic. Much of the excitement was over disney , its Streaming Service which has thrived during the pandemic as the company lost money from the Cinema Box Office as well as its Theme Parks and resorts and cruises. In the last three months, disney added over 12 Million new subscribers bringing the total to 116 Million. Most of this was new customers for its disney hot Star Service which is available in India And Indonesia but what it makes less money off. While the Disney Film free guy starring Ryan Reynolds Wont be available on disney , its getting exclusive theatrical releases for contractual reasons, the same cannot be said for other titles like Jungle Cruise and black widow. And for stars with Box Office Profit Sharing agreements, this has been controversial. The company is currently being sued by the actress scarlettjohansson. Mr chapek would not comment on the dispute but in a Conference Call with investors, he did note that disney had contracts with plenty of stars seemed satisfied with their arrangements. As for the other side of its business, bookings at its Theme Parks are back to pre pandemic levels. And this matters because you Cant Talk about Walt Disneys Bottom Line without talking about its parks and resorts. While the parks alone are not yet profitable, disneys Parks Experiences and Products Division are. So overall, this was a great quarter for the Mouse House but with the spread of the delta variant, The Future is less clear. Joshua jahani is Managing Director of jahani and associates a private Investment Bank in new york. Good to have you with us. What did you make of the figures, whatjumped out as you be most interesting . Its whatjumped out as you be most interesting . Interesting . Its good to be her. Interesting . Its good to be her what interesting . Its good to be her. What surprised interesting . Its good to be her. What surprised me interesting . Its good to be her. What surprised me in l interesting . Its good to be| her. What surprised me in a good way, the most, was the fact that disney need both the revenue and earnings projections that Wall Street was predicting and thats why we saw a big jump in Stock Price during the close on thursday. The growth of the Stream Service is very impressive and despite some of the drama with different talent, they are able to commit a significant presence and compete with players like netflix which i think everyone is very impressed with. They were expecting 140 million, and a close double hundred and 16. The Streaming Service really benefited from people being at home during the pandemic in the depths of lockdown, people signing up and perhaps adding to the catalogue of things they had available to watch. Do you think that cannot last and particularly with one thing in mind, the ionic notification, the Subscription Price going up per month, can they and particularly with one thing in mind, the ionic notification, the Subscription Price going up per month, currently keeping them subscribers as they do that . ,. , them subscribers as they do that . , t,� that . The only criticism ive been hearing that . The only criticism ive been hearing from that . The only criticism ive been hearing from expertsl that . The only criticism ive i been hearing from experts we talked to about the streaming is that the revenues per user is that the revenues per user is still low and they want to see that increase. Netflix � s subscription is seen as the leading competitor, the fact that disney are still growing as a credit to their content, they are creating content as we all know, i think they can hit their targets by 2024. To compete with companies like netflix. ,. ,. , netflix. How important are the Theme Parks netflix. How important are the Theme Parks and netflix. How important are the Theme Parks and eventually i Theme Parks and eventually getting the disney cruises back to full capacity . To full capacity . Yes, extremely to full capacity . Yes, | extremely important, to full capacity . Yes, extremely important, one of to full capacity . Yes, extremely important, one of the big questions we are facing right now in new York City and the usa is how people are going to react to this delta variant. There is definitely a hint of demand, i know my wife and i are dying to get out of the house with her young Baby And Disney Theme Parks are a great excursion but people are still worried im vaccines are not available for a lot of disney customers which are children that are younger and so i think disney has improved on where they were last year, last year revenues were up 10 of the total, this year its 25 so its more than double, the same time last year. Disney has proven they can activate Safety Damage safely and provide a premium customer experience, its a question of how much customers will continue to react to that. Im sure. Joshua, we must leave it there, time is against us but thank you so much. Lets stay in the us because that strong performance from disney could help Wall Street continue its record breaking run. The dow and s p both closed at new Record Highs on thursday for the Third Day in a row. Investors have been betting that soaring us inflation has peaked and that the federal Reserve Wont be under such pressure to wind back its support for the economy. Fahad kamal is chief Investment Officer at Kleinwort Hambros here in london. What has driven the us markets to these giddy heights, day after day for three in a row, do you think . After day for three in a row, do you think . Good morning, thank you do you think . Good morning, thank you for do you think . Good morning, thank you for having, thank you for having, particularly on a buoyant Labour Markets again but as you have said, does not your last story, that is a small microcosm, its a combination of very, very supportive monetary and fiscal policies which are clearly adding a lot of interest to the market across the board. Also vaccinations have helped, you think about where we were a year ago. We did not even have a vaccine, today 30 of the world � s population have had at least one dose, its clearly a sea change. And economic growth as a result of those factors has been generally strong, there is momentum across the board. All of that effectively is translated into profits which are spectacular. And that is what is leading the markets to all time new highs, almost daily. To alltime new highs, almost dail. � , to alltime new highs, almost dail. � y. , daily. And yet, we have the latest producer daily. And yet, we have the latest Producer Price latest Producer Price inflation, this reflects really the coast of the raw materials that produces some cases, struggling to get hold of, that is still high. And yet investors seem quite relaxed about the prospect of the federal reserve winding back support any time soon. Support any time soon. Yes, its obviously support any time soon. Yes, its obviously been support any time soon. Yes, its obviously been the support any time soon. Yes, its obviously been the greatj its obviously been the great debate over the summer, as to what these components of inflation that we see which undoubtedly are running very high right now, 5 or so in the us. The underlying components of that transitory in nature or more structural and long term . More structural and long term . The more structural and long term . The federal reserve has been insistent that they are transitory and actually, more recent figures that come out would seem to suggest that, these are really Supply Chain issues, short Term Labour problems that will work themselves out over time, towards the end of the year or into next year. We will get back to Inflation Rate that is lower and closer to trial. That has been the bet and that is increasingly bought out by the evidence. As increasingly bought out by the evidence. �. ,. , evidence. A particular sector, i want to evidence. A particular sector, i want to get evidence. A particular sector, i want to get your evidence. A particular sector, i want to get your thoughts. Evidence. A particular sector, i i want to get your thoughts on. The tech sector, Tech Stocks have done very well during the last 18 months or so in the pandemic, is more and more aspects of our lives had to move online. Do you think they can continue that roma have you seen the best of those days the Tech Stocks . Tech stocks . Once again, its a Multitrillion Tech stocks . Once again, its a multitrillion Dollar Tech stocks . Once again, its a multitrillion Dollar Question i Multi Trillion Dollar Question and the debate is rife surrounding it. Ultimately the reason why Tech Stocks have done so well in addition to the five door lives are increasingly now online, simply because they continue to grow extremely fast and those profits seem to be quite resilient to shocks in the economy bought the Business Cycle but youve got to pay through the nose for the stocks because they are not cheap. Now, the question is, do those Cash Flows which are quite stable but high and oppressive, or are they less attractive in the world where Interest Rates are rising . That has been a big question. In our opinion, there is some truth to that and as a result, we have somewhat dialled back our exposure to that complex, we still have exposure to tech, we have increased our exposure to sectors which are more cyclical in nature, his Cash Flow should actually rise over time. Actually rise over time. Thank ou for actually rise over time. Thank you for that lets go to asia now and the scandal surrounding one of the most powerful people in the business world. Its the Vice Chairman of samsung electronics, Lee Jae Yong also known as Jay Y Lee He Hasjust been released on parole in seoul, after serving just over 200 days in prison for convictions which included bribery. His early release has received mixed reaction from the South Korean public. Our Business Reporter Katie Silver is following the latest developments. Jay Y Lee left seoul Detention Centre just after 10am local time this morning. He was in a dark suit and many suggest he was thinner than when he entered jail back in january. He was subdued and very briefly addressed the media there saying, i caused much concern for the people, i deeply apologise. This is part of a long Running Saga that has dominated both South Korean politics as well as its business needs. He first went to jail for instance back in 2017, was convicted of bribery of the former president as well as his friend, president park. Who was of course impeached for this. This time around he served just over 200 days which makes up about half of his sentence and theres an interesting reason why he has been released now. According to thejustice ministry, they say its important for south korea to get over the economic woes of the covid 19 pandemic. Samsung is the worlds largest chip maker, Smartphone Maker and one of south koreas major conglomerates and a very important part of the South Korean economy and theres been concerns that a number of Business Decisions were made badly or in fact stalled as a result of him being incarcerated and unable to lead the company in the same way. For example, whether or not samsung was going to invest in a 17 Billion Chip Factory in the us so its been welcomed by many business groups, this decision, but civic groups on the other hand, quite a different story. About 1,000, for instance, have objected to it saying this does nothing to stamp out corruption which the government there has promised to do. Friday sees the Kick Off of the English Premier league and spains laliga, two of the European Football leagues with the biggest revenues. The pandemic has battered the finances of European Clubs last year saw the first fall in revenue for the Premier League since it was formed. But with covid restrictions now dropped across much of the continent, has the Football Business finally turned the corner . Kieran maguire is lecturer in Football Finance at liverpool university. As the season kicks off, is this one going to be one that sees the return to the big profits they are used to . I think certainly there will be some form of bounce back. We have to see just how far we are going to get the season in terms of full crowds but The Clubs are working with the government and are positive. The Football Industry did take a huge hit last season, i think it was surprising to some of that it was so resilient in the lower leagues, the use of furlough and the use of loans from a variety of sources helped them to deal with short term Cash Flow issues. But wages are still rising. Wages rose to 3. 24 billion last season, thatsjust wages rose to 3. 24 billion last season, thats just for the Premier League, thats up around about 6 , whereas revenues fell significantly, the Premier League itself has taken a significant financial hit but it has the benefit of many owners are Tree Clubs as Trophy Assets and therefore are prepared to underwrite those losses. , losses. This interesting different losses. This interesting different versions losses. This interesting different versions for l different versions for different versions for different clubs, we have a situation earlier this week, it became apparent barcelona could not afford to pay the wages of Lionel Messi because of the state of their finances. Yet psg were able to snap him up and for those wages. Why is there that difference between there that difference between the Finance Fortunes of the different European Clubs . I think we need to look at ownership models, barcelona � s model is based on a Membership Basis so therefore no One Individual is in a position to contribute large amounts of finance to The Club. And therefore, it has to go to external markets if it wants to generate cash. Barcelona are already indebted to the tune of around about 1. 2 billion euros and i think the banks are reluctant to lend further. The club � s ownership model, management strategy, has been very bad in recent years, it has over spend on players who have failed to deliver. Whereas if we contrast that with psg, The Club there is underwritten by os i and has the benefit of Qatar Money by qs i and has the benefit of Qatar Money coming in, it also has very strong links with sponsors in the Middle East and those Cash Flow sources help to underwrite the ability to recruit the likes of Lionel Messi although it is very noticeable that although psg have made significant transfers over the course of the summer, they have tended to be in the main Free Transfer so therefore it has saved themselves large amounts of money and that is going to the Wage Bill instead. As ever, go to speak to you. Stay with us on bbc news, still to come fields of dreams. After last years Wash Out, can Music Festivals make a comeback . The big crowds became bigger as the time of the funeral approached. As the lines of fans became longer, the police prepared for a huge job of crowd control. Idi amin, ugandas brutal former dictator, has died at the age of 80. Hes being buried in saudi arabia, where he lived in exile since being overthrown in 1979. Two billion people Around The World have seen the last Total Eclipse Of The Sun to take place in this millennium. It began itsjourney off the coast of canada, ending three hours later when the Sun Set over the bay of bengal. This is bbc World News, the latest headlines. The taliban capture afghanistans third biggest city herat, with reports theyve taken kandahar too. Police in south West England say six people have died in a Shooting Incident in the city of plymouth. Some of the worlds biggest companies from netflix to google to walmart have said certain employees will have to be vaccinated before they can return to to the workplace. Its an issue thats dividing the corporate world and the lawyers. My Colleague Aaron Heslehurst has been speaking to a Law Professor and a Business Health Expert about how firms should navigate this potential minefield. He began by asking Dr Scott Ratzan why his organisation is in favour of mandating jabs at work. We cannot do Thatjust Waiting for government and unfortunately while business has not traditionally engage with health policy, they need to be now so we have been supportive of Vaccine Mandates in a way that we can engage with employers and employees and that is why we have established business partners to convince and work on the Education And Engagement and information, communication. Generally speaking, Vaccine Mandates would be something that would come from the government and still may have to be supported by the government but at this juncture, we really have no choice but to get to the numbers we need to have a requirement to get back to work. , requirement to get back to work. , work. Indeed. Catherine, can i ask you. Work. Indeed. Catherine, can i ask you. No work. Indeed. Catherine, can i ask you, no companies work. Indeed. Catherine, can i ask you, no companies in work. Indeed. Catherine, can i. Ask you, no companies in europe have mandated vaccines at work, we note the likes of google and facebook, they have mandated vaccines for those going into certain offices Only In America. Certain offices Only In America certain offices Only In America. � ,. , america. Why . Because the law is really very america. Why . Because the law is really very unclear america. Why . Because the law is really very unclear as america. Why . Because the law is really very unclear as to is really very unclear as to what is really very unclear as to what the is really very unclear as to what the position might be if someone says, actually, i do not want someone says, actually, i do not want to be vaccinated in companies that dont really want companies that dont really want to companies that dont really want to be the first one to hit the parapet and be the test case, the parapet and be the test case, there will be cases, ultimately employers are going to have ultimately employers are going to have to make some really very to have to make some really very difficult decisions because on one hand they have to balance because on one hand they have to balance the interests of the individual that says i dont want individual that says i dont want to individual that says i dont want to be vaccinated and on the other want to be vaccinated and on the other hand, fellow workers, if they the other hand, fellow workers, if they are the other hand, fellow workers, if they are working in a sector which if they are working in a sector which involves other people, students, young people, elderly people. Students, young people, elderly people, they have got right stilt people, they have got right still. And so, employers are having still. And so, employers are having to still. And so, employers are having to strive quite a difficult balance. Scott, some are calling difficult balance. Scott, some are calling mandated difficult balance. Scott, some| are calling mandated vaccines at work and overreach, how do you respond to that . Corporations be getting involved in mandating Workers Health choices . Health choices . Well, the corporations Health Choices . Well, the corporations have Health Choices . Well, the corporations have done i Health Choices . Well, the I Corporations have done that Health Choices . Well, the corporations have done that in many other occasions, including choosing Health Insurance when you had that opportunity, as well as smoke free workplaces. But the reason why businesses really need to get involved as this is how we are going to be able to create a society where we have a Community Immunity or Community Protection and are able to travel and get back to life as we know it. And viewers on bbc World News can get more on this issue on Talking Business with Aaron Heslehurst this weekend. The times are on your screen now with the first airing at 23. 30 gmt on saturday. Finally were looking at the big business of Music Festivals. Last Months Latitude Festival in suffolk was the uks first major Music Event since the lifting of most covid restrictions. But after last years total write off The Future is farfrom certain. More than half of this summers Uk Festivals have been cancelled with others scaled back or postponed. And in the netherlands normally home to more than 1,000 events hosting millions of revellers the government has extended a ban on large outdoor festivals until at least september. So will 2021 be another Wash Out for the industry . Stephen budd is a british Music Industry Executive based in london. Very mixed picture for global Music Festivals, steven . It really is. First of us are starting to bounce back in the uk, you mentioned latitude, i was at that festival and it was one of the first really big outdoor events that happened in the uk. It was a well run, very well organised, in terms of looking after peoples health. And the results have been very positive, 40,000 people asked to be either double vaccinated or show a lateral Flow Test before they came in and people had an amazing time. But yes, a lot of the festival indeed were cancelled in the uk. 0ver Lot of the festival indeed were cancelled in the uk. Over the summer. And they are only starting to come back now. We are expecting reading and leeds and park life, and wireless, and park life, and wireless, and some of the other big names to go ahead but it is a mixed picture across the world. And it often depends on whether governments are underwriting the insurance costs because promoters cannot get insurance for their events in the current circumstances. So they only really feel comfortable in planning their events and going ahead if they cannot get government backed insurance which is finally being aborted in the uk and its starting to happen at events across the globe now. So yes, quite a mixed picture. In globe now. So yes, quite a mixed picture. Globe now. So yes, quite a mixed picture. In terms of the Eo Le mixed picture. In terms of the people who mixed picture. In terms of the people who make mixed picture. In terms of the people who make these mixed picture. In terms of the i people who make these festivals happen, the workers, a lot of them will be self employed, very specialised skills, the technicians, the people in charge of staging and so on and so on. Is there any sense that there is any shortage of them, if theyve perhaps had to retrain or take on any other work in the absence of these festivals . Aha, work in the absence of these festivals . Festivals . A lot of people decided to festivals . A lot of people decided to Leave Festivals . A lot of people decided to leave the festivals . A lot of people decided to leave the industry, unfortunately, because its been such a long time since they were able to be employed in the job that they love. And a lot of them have gone off and retrained because a lot of them were not getting the kind of Government Support that some other sectors were getting. That is the case of the uk, i cannot say for individuals in other countries. But you know, for a lot of people, its a Vocation Being in the live entertainment industry, bringing shows to people. So there is an element of that. Were more, luckily, that was not really on a show at latitude, at that festival, it ran very smoothly but i know certain other events have our problems by having to employ inexperienced people. Inexperienced people. Really both to come inexperienced people. Really both to come up inexperienced people. Really both to come up with inexperienced people. Really both to come up with us inexperienced people. Really both to come up with us to i inexperienced people. Really. Both to come up with us to this return in the way we know and love them . Love them . Take time, its auoin love them . Take time, its going to love them . Take time, its going to happen. Love them . Take time, its going to happen. Across i love them . Take time, its. Going to happen. Across the globe. Going to happen. Across the lobe. , � globe. The uk, the usa, everywhere. Globe. The uk, the usa, everywhere. We globe. The uk, the usa, everywhere. We look globe. The uk, the usa, everywhere. We look forward to it. Thank you for your time. Lets see how the asian markets are faring today. Asian markets drifted friday as a broadly positive week drew to a close with Investors Pricing in the likelihood that federal reserve officials will start withdrawing the vast financial support put in place at the start of the pandemic. That is where we believe things at the moment. You can reach me on twitter im benmboulos. Hello. There is no real heat in the Uk Forecast for the next few days. But across southern europe, its a different story its been an exceptionally hot week, with that heat now migrating westwards. The orange colours on this Chart Show places where temperatures will be well above the average. In parts of southern spain, we could be looking at temperatures as high as 47 celsius because high pressure is trapping the heat in place. But for us, low pressure is close by that means some brisk winds, some rain at times but not all the time, and temperatures will struggle especially across northwestern parts of the uk. And here through friday, we will see some quite hefty showers working through some heavy, some thundery, especially widespread across the far northwest of scotland. Further south and east, many parts of england and wales will be dry with just the odd shower here. And while there will be big areas of cloud floating past, there will also be some good spells of sunshine. But its breezy for all of us, especially windy up towards the northwest, and top temperatures in Glasgow Ofjust 17 celsius. Could get to 22 or 23 across parts of eastern and southeastern england. Now as we head through friday night, we will see some further showers especially across the northern half of scotland. Further south, it turns predominantly dry, some clear spells at least for a time, and temperatures between 11 15 celsius as we start saturday morning. So as we head into the start of the weekend, weve got one area of low pressure tending to push away north eastwards, but here comes another low drifting in from the west. A bit of uncertainty still at this range about the detail of saturdays forecast, but its likely we will see Cloud And Rain spreading in most likely across some central parts of the uk. To the north, its a mix of sunshine with just a few showers at this stage, and across the south of england, maybe south wales, its likely to stay pretty much dry with some sunshine. Those temperatures, for the most part, between 19 and 22 celsius. Now, the messy picture continues on into sunday. This area of low pressure continues to drift in from the west. You will see this frontal system dropping down from the north, so could well be a few different areas of rain on sunday. 0ne pushing into northern scotland, some rain across northern england and wales. Perhaps some further south as well. But in between the areas of the wet weather there will be some spells of sunshine. But by this stage turning really cool in northern scotland, maybe just 14 degrees. Good morning. Welcome to breakfast with Naga Munchetty and charlie stayt. 0ur headlines today. Six people including a child under 10 have died in a shooting in a residential area in plymouth. We sat in the Back Garden having a cup of coffee and had gunshots. Then we seen obviously the ambulance, helicopters, trying to land in the park. The gunman is believed to have died in the shooting. Well have the latest from the scene and interviews with local mps later in the programme. Taliban militants have captured afghanistans second biggest city, as britain and the us send troops back to help their nationals leave the country. Good morning