head scratcher number 2. late day reports about the takeover offer from the company that owns the new york stock exchange why in could be a game changer for you, the retail investor, bringing us to head scratcher number three the rally. stocks having the best day since august the nasdaq a new record close. what happened to all the fear and loathing around the coronavirus? we get answers to all three questions and much more of course all ahead but we have to begin with this speaking of threes, the magic number snap ford and disney, all on the move after reporting results as always of course we have full team coverage for you. standing by to break down the names and the reaction lets kick it off with the biggest of them all, disney. the question is did baby yoda and streaming rule the quarter julia boorstin in l.a. with more and great news her exclusive interview with bob ig are. julia, take it away. >> that's right, brian disney shares moving higher in after hours trading and better than expected results when it comes to revenue, earnings and all-important streaming subscriber numbers disney ended the quarter with 26.5 million paid streaming subscribers. and bob iger announced they added more than 2 million additional paying subscribers since the start of 2020. this despite the fact that the flagship show, the mandalorian had come to an end he announced the mandalorian is coming back this fall and he said they were not updating the guidance of having between 60,000,090 million subscribers by 2024. take a listen. >> we were heartened by the fact that after the original episode of the mandalorian were made available we didn't see significant churn from that. as i said early questioner we see subscriber growth from the end of the year, december 28th through yesterday. >> now we also asked him of course about the impact of coronavirus, disney has closed shanghai disney as well as hong kong disney. ceo -- cfo said the closure of hang shy disney could impact the operating income by $135 million in the next quarter, assuming that the park is closed for two months take a listen to how iger plained that potential impact. >> in shanghai, the business there has been really strong and it's a shame we had to shut down but obviously this is something that is a big concern to us as well we have thousands of people that work for us in that area of the world. and we have concerns for them. and concerns for the world as well and the people of china of course we'll talk about it more in terms of specifics but it's hard to be very specific without knowing how long this could last. >> iger noting that of course this come off significant growth in the parks division, growing revenue 8% and operating income 9% in in past quarter. but iger was overall optimistic that there would not be meaningful impact outside of china, though of course it is an issue that and his team is monstering chosely back to you guys >> julia boorstin with the exclusive there and the great interview as always. julia thank you very much. guy adami what do you make of the disney quarter. >> the sub -- the disney plus numbers are ridiculous astounding i don't think you get kmurn with disney once people are on they stick regardless of john dloer yan whatever movie i didn't see is out there now. the real problem is can you get arms around valuation? that's been the knock a while and grown into the valuation so 23 and a half times next year's number given the growth rate probably not absurd but it shouldn't trade at such a huge preem up. the viacom and comcast need to get ratcheted. >> looking at subs there were rumors of apple going ahead of hulu and disney disney would have had to have a nackout number on subs growth. above the 30 million mark. that would have impressed the street more. i'm looking for multiple expansion going forward. it's below the 50 day outline. i'll wait to put money to occur work if if crosses over the 50 day. >> it's the new rpud 2 or whatever you want to call it. >> you should coin that. >> i just did. lets forget, karen -- the parks are a bigger part of business than people think. we rarely talk about them. and now a couple of parks in china closed for a fairly long time. >> it was interesting where they came up with the $35 million potential impact it's tremendous usiness. but i think people will look through the coronavirus and give them a free pass on this quarter and next quarter as well because i think it takes a while for people to feel comfortable again. and also for the movie bissiger talked in the interview with julia about some of the films they want to release in china, mulan was one. but people aren't going to the theaters in china right now. they have to rethink that a bit. but i think the market gives a free pass on both things. >> i think the chart has to be owned. remember, disney spent five years in a 50 point range and broke out last april this is a new move by our work look at the 140 area, continuing to provide support every big move in the stock over the last year has been on big volume it's being accumulated when you get weakness particularly after hours here, i think to step in and support the stock. this is a long-term leader in a good group own it. >> to guy's point. van guard, state street, blackrock those are passive holders the most part. you and i with the etfs. 20% of disney is owned by four relatively as passive investment companies. they are not selling. >> you don't care about who is not selling as much as who is the next buyer the next buyer is the growth buyer. that's the one that's why, yes parks at 26 billion-dollar operation but people looking for growth, growth comes through streaming, comes through internet, through that process that's where you get multiple expansion, not parks. >> on the growth though -- they are spending spending spending, and netflix too, spending, spending i don't know when ultimately you need to make money on that so far never. >> never. >> never seems to be the case. >> as lopping as you put it in -- >> i hear what you are saying about the parks. but lets be clear. how many 5.99 a month disney plus subscriptions make fora family of four how much do you spend at shanghai, hong kong, a lot. >> it was the same thing with apple. it was a hardware company until it wane. it's about services not hardware disney about streaming not parks. >> lets talk about streaming right now because i understand we are going to julia who has breaking news on hulu. >> that's right. disney announcing on the earnings call right now that hulu launches in 2021 internationally after disney plus is through the bulk of the international lawmakers. this is a big deal hulu has been focused here in the u.s. it does -- they did reveal some growth numbers for hulu with 30.4 million subscribers in total. 27.2 million of those just streaming video on demand but that's just domestic this is a big deal when hulu launches internationally in 2021 back to you. >> big international launch in 2021 we'll go back to streaming steve grasso here. because there was a school of thought -- it's a little weird but there -- which is that the streaming companies may benefit from what's going on because people are confined in china in particular to homes. our bored what do you do watch tv and sign up for new services >> we have seen the run up in the netflix stock and the chinese netflix which is iq busting through resistance at $24. alm of these things should be bought anything china related bought. >> you like streaming. >> i like it. >> more on disney coming up. moving on breaking news from iowa speaking of new numbers getting numbers out of the iowa caucus kayla tausche in iowa with more. kayla. >> brian, with 62% of data reported, the iowa democratic party now says that pete buttigieg, the former south bend mayor is currently in the lead as far as state delegate equivalent counts go at this hour only with 62% reporting but they say the 62% of data comes from 99 counties. following mayor pete is senator bernie sanders after that senator elizabeth warren after that, the former vice president joe biden. after that amy klobuchar certainly a win at a caucus like iowa would have provided a momentous moment for any of these candidates but notably specifically for pete buttigieg, someone who is a relative unknown just a year ago and would be the first openly gay candidate to win a presidential primary in any state. so that would certainly have been an historic moment if it were a moment that he were able to claim we often see that when you have a winner announced on a caucus night if it would have happened last night you would seen a massive bump in polls going forward. with the debackle developing the last 24 hours. unclear if you will see the jump in the polls notable, historic momentous to say that pete buttigieg is in the lead with 62% report you can bet, brian other campaigns will take issue. senator bernie sanders's campaign said it had its own data showing he is in the lead expect backlash. >> a lot of questions, kayla i don't want to put you on the spot this is breaking first off do we know when the remaining 38% comes out? also 62% -- we don't have companies reporting 62% of the quarter on the quarterly numbers. people are asking, why 62% why not wait until you know everything before coming out and maybe getting false hopes up and making other people upset? >> well, of course we have questions for the democratic party in iowa we have not been able to get answered some of the questions you just outlined brian perhaps 62% felt it was a rough majority they felt comfortable going forward with all of the campaigns raised issues about the partial release of data. why not wait until it's done the sanders campaign earlier today said it believed the biden campaign was pushing the party to withhold data because it didn't think it was flattering there have been some behind the scenes hand wringing about who wants this to come out the party earlier today said the full slate would be readily available when verified whether a woke or month from now but fearer clearly felt the last 38% was not verifiable at the moment or they owed it to the public to provide the majority of information when they had it and that's why they decided to put this out now. >> kayla tausche in iowa, i know a long night there buttigieg claiming victory at midnight i watched that kayla lets keep it right in the cnbc lane. guy, there was a school of thought. abs -- anybody but sanders might be the positive outcome for equity market. looks good for buttigieg there does it matter to the markets. >> before the show we were talking. a lot of the rally wsh -- not entire rally was predicated on the fact that there was a crazy evening in iowa and no clear winners. i can make the argument that if bernie emerged victorious you would have seen a benign to nesting day for the broader market i can't do the counterfactual thing. i get it but the fact that it's muddled it's positive president trump. positive president trump is positive market. >> what we have to watch tomorrow is how do the health care stocks impacted by this, the manage care names. how do they trade against this the pharma stocks acting gel pl fieder acting better i think that's a big story but betting markets, the betting markers are a good tell on what the mechanic things mike bloomberg shot up in the betting markets in the last 10, 15 minutes. >> does it matter which side of the fence you are on there is not a republican or democrat more progrowth, corporations cutting regulation than trump. it's a negative to anybody else but trump right now whether you hate him. >> even mike bloomberg. >> even mike bloomberg. >> who runs a data company based on wamz's success. >> pete. >> if wall street does not do well then bloomberg lp does not do well. >> one of buttigieg quotes was ever expanding arm of big business needs to be stopped that doesn't sound hopeful for the six or eight names keeping the market going forward. >> i think you are right as to who the market perceives as best for the market to do better. but mike bloomberg could do a good job negotiating trade with china. i know we are not getting into that but there are candidates moderate of warren and sanders that could be okay for the market. >> we are talking about this from a cnbc perspective. you can't ignore the politics but you can take it down the cnbc lane. i'm talking my book here about oil and gas. when you have candidates ending fraking or partial ending fraks. >> what's ironic about the trump energy was viewed as pro energy, too much supply, drill, drill, drill. if you look at a warren presidency or sanders where the fraking is banned or pass that that's bullish energy or crude. >> i'm talking specific companies. deafen energy. a latter part of their portfolio is fraking on federal land in new mexico if they can't that's a big part of theirs business. >> quickly while the dow up 400 points exxonmobil closed below $$60 down 1.25% we've been talking about this for a while. i don't know the right energy in big cap integrated but not here in my opinion. >> a lot of people agree with you, guy adami there you go big a block rounding out with the iowa news. thank you kayla tausche. we will difficult into the other big numbers. snap, ford, both moving after hours. and not in the way that investors want to see. we'll get full team coverage on both and talk of a deal that has many scratching heads why is the parent company of the new york stock exchange reportedly interesting in buying ebay could is schwab be worried could you be buying clothes and bikes on the new york stock exchange watch and listen awhnyere you want to be on the app. back with more after this on "fast money. and tie it all together with a world-class software experience. we ended up creating, as you all know, so much more. peloton is truly a category of one and we're just getting started. 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[ fast-paced drumming ] and welcome back to "fast money. the earnings parade rolling on ford and snap while both sink thing after hours. kait rooney is all over the snap call but phil low back at hq with ford. >> ford down more than 9% after hours. the conference call has just begun but this gave investor as 1-2 punch in the first results the first punch missing for the first quarter. the estimate for 15 cents a share. revenues better nan expected but it's the guidance. second punch to the gut. 94 cents to 1.20 for 2020 that's what they expect. the estimate on the street earnings of 1.26 looking at ford since may of 2017, the reason we show this is because may of 2017 is when jim hack et took over as ceo he said we are turning around this company an ambitious plans geared towards mobility in the future and leveraging investments in that area. guys, it hasn't kicked in. and a lot of analysts are likely asking questions when will the turn around kick in? because so far it hasn't. >> okay. that's ford. i also understand there is some breaking news maybe around compensation on boeing. >> right. >> talking about new ceo dave calhoun has part of his contract when he became ceo there is a claus in there that he is potentially eligible to get a $7 million bonus if boeing safely returns the 737 max to service when this came out, there were some in congress saying we're not sure that there should be an incentive of $7 million for him and boeing to get this plane back in the air. boeing has responded sending a letter saying it's going to keep that claus in effect it has, however, initiated and put into effect a number of safety related clawback measuring, lets say something happens where they get back in service and then there are big issues developing. they would be able to then potentially clawback some of the $7 million bonus boeing saying to congress we are keeping the $7 million bonus in place for dave calhoun if he can safely get the 737 max back in service. again they hope for that to happen the middle of the year. clearly depending on the fa. a and regulators around the world. >> seems more up to fa a than boeing. phil lebeau. two pieces of news on ford and boeing lets talk about ford, karen. a tough investment for a lot of people a long time what's your take. >> i don't like it phil talked about it the turn around isn't happening. and this was i think europe and china did decently it was an operational miss they called it themselves. they should be embarrassed i -- speaking of embarrassment i have owned gm a long time. i feel mary barra has done a better job of positioning them correctly. but if you're in auto and not tesla you couldn't trade at a worth valuation. >> last night dan nathan's final trade was kbchlt m, the thesis quick on final trades. when some of the money comes out of the tesla maybe to gm or ford >> maybe that goes to gm. >> that makes sense. that holder would be the same holder tesla seems a different holder. >> i mean coming out of tesla into ford. you know what i mean. >> go ahead. >> i think rule of thumb in the full bkts markets don't own bear markets. ford is a bear market. opening below 8.40 >> no incentive on the clarities. >> zero, none. >> i don't expect to you watch the show every night, brian. however for years now we've been saying if ford can't get it right in the environment we find ourselves with the s&p at all-time high and arguably the best auto market -- maybe the last 50 years, when does it happen if they want it turn something around turn around the chart and maybe it looks good because it's grim death the way i look at it. the 7.40 level from december of 2019 is right in the cross hairs now that you have nesting eps growth >> okay. nothing in the charts. i mean, ford was what an $18 stock about five years ago all right. moving to snap and it's cracked tp down big after hours. that conference call is also under way. lets get to kate in san francisco with more on snapchat's quarter. >> hey, brian snapchat parent company missing on ref thu analysts telling me that causes the correction here. come back off lows but had been down as much as 14% after snap's top line revenue came up short revenue for the quarter was $2 million below estimates. average revenue peruser also a miss 4 shy of estimates but there were some positive annapolis beating on the bottom line came in 2 cents above estimates and a milestone to point out, the q4 was the first profitable quarter on adjusted basis since going public daily active users a a key metric for social media companies, above analyst expectations snapchat has 218 million users, 3 million above what wamz was looking for. expectations were high into earnings the stock had seen more than 170% rally year over year. rbc's mark ma haney telling me the stock is coming back now thanks to the guidance for q1 showing revenue acceleration but analysts will ask for detail on how they plan to achieve that after this quarter's miss. brian. >> kate, help us out why was there a big jump in dau, daily active uetzers is it because of the discover feature, keeping people around. >> they mentioned that at the holidays a lot of people were snapchatting friends and family over the christmas holidays an that week in particular. they mentioned also advertising. that also seems to be a bright spot but that is really what analysts seem to look for so despite the revenue miss, some key metrics folks were happy about. >> kate, thank you very much. listen snap maybe down 12.5% after hours but listen to this man, snap, steve grasso made a lot of money been long and right. >> i'm still long. >> would you change. >> no when guy and i were going