wave o, finding dory and captai america to a very profitable quarter. that incre helped off set sales of its cable unit, which fell short of ek peck tases and the biggest surprise was a major in in a video streaming company formed by major league baseball. bam tech. overall, disney earned$1.2 per share. r reve but investors apparently wanted more and shares fell in initial afterhours trading. julia boorstin who speak with bob iger, ha results. >> the big headline from d earnings red light is commitment to digital. third of streaming video company bam tech for a billion dollars. with plans to buy a new sports app. also plans to o apps and produ company's other properties. model.hin we think that in today's world, having the ability to stream on a scaled basis, live sports and live programming, is a competitive advantage. >> disney's ceo says this investme leaves the door open for th eventually bring its core espn service direct to consumers outside the bundle if and when it makes sense and in the meantime, iger says disney's ads co shift smaller t bundles, announcing its seven biggest tv channels will be included in the directv now bundle in the works. back to you. >> bill smeed owns disney shares of sme capital management. welcome. ha of the strategic directions that mr. iger seeg disney, smaller bunding? a different way to reach viewers on television. >> well, the first thing is their genius is these multiple brands in multiple areas. and nurturing those brands and t content, always believed is you don't really have to fear the di right, there's been a lot of concerns about the changes in the distribution system, negatively impacting their addicted customers. what i think we heard from him today fo when you're a major league baseball fan and you've got season tickets to a team and you follow them on the ro. contact with them. you can't get enough information. they're going to be at the cutting edge with their content everyw it's needed. >> are you saying the espn worry, which knocked the stuffing out of the stock, those are in the past now? >> they are a normal part of the ups and downs of a wide didi verse poert folio in the entertainment business. i thought of it today, you know, there are certain companies in warren buffett's table of companies thow owns in the berk hathaway way portfolio and there's always somebody having a .isn right now, captain america is harder to get commercials into s than it is in football and bask and basketball. >> let's talk about the stock. hold something. we added to i. here's one o the reasons, tyler. we looked at many of the most appealing and successful major branded companies with addictive customer basis. nike, coca-colas, proctor and gambles, et cetera. what we found the cheapest of both companies on both price to earnings and on a free cash flow generation. by the way, the thing repo free cash flow was up own the entire disney corporation, you had 51% more money, way over a billion dollars more that you you with quarter. >> very quick answer here. what happens after mr. iger leaves? you worried about that? yes or no. >> well, the answer is you want somebody really good to take his effecti cultivator of other talents, i think he'll find a really good person to take over .tewardship. on wall street, the nasdaq closed at a record. the s&p 500 and dow inched upwards. the gains came despite an increase in re earnings. by the close, the dow jones industrialos to 18533. nasdaq added 12 to a record 5,255 and s&p 500 rose fraction alley. >> worker productivity rose and of productivity decline since late 1970s. productivity, the output of goods and services produced for our work, decreased a half percent. econom the pace of productivity growth is a key factor in determining quickly worker pay and how qu k gai like what we've been seeing can restrain wage in growth and weigh on americans. and ams are borrowing more to finance vehicles. quarterly survey iing more by the new york fed, total household debt in the u.s. hit more t. mortgage debt hasn't moved much in the past two years and total student deme time fr zpl a a major republican doe nar is now backing hillary clinton. former mgm ceo, harry sloan, who served on the national finance and unprepared and unfit to be presiden harwood follows the st from washington. r sloan is not the only republicans who oppose trump. susan collins of maine, a key state. national security officials have added their names to the list. my question re is how significant is it in light particularly of the fact that much of mr. trump's support is not based on affiliation with the >> not each one individually, it's the accumulation of them all happening at the same time. that is sending signals to waivering republicans, waivering independents who lean republicans, that maybe this guy e in the race. donald trump has a basis and as you mentioned, it's not attuned. he needs to add votes and places e defecting.ge republi >> which may be why it may be a controversial comment on the sektd amendment today. the second ants to abolish, amendment. by t to pick -- if she gets the pick, her nothi you can do, although the second amend people, maybe there is, i don't know. >> how's that going to play? >> look, donald trump seemed to be making a joke. it's a joke that some people including the clinton campaign and some in the audience sitting behind him, took as a kind of breathtaking allus now, the trump campaign says no, we were talkin about mobilizing second amendment people hind donald trump in the election and certainly, they are, but at a moment when the argument is fitness for office, even joking about a topic like this seems to be something that adds to the troubles of donald trump has had as he shifts towards issues like his economic plan. >> you know, mrs. clinton is having some trouble of her own. wo parents of americans killed consulate in benghazi are in f. what does something like this mean for her campaign? >> it continues the line of argument made since benghazi, that hillary clinton in some fashion. she's of course been cleared by formal inquiries of direct reasonability, but this is the line that republicans use to discredit her term as secretary of state. interestingly, there was a controversy yesterday when at a clinton rally, the father of the orlando nightclub shooter was in camera view behind her. this is something that in addition to that lawsuit that you just mentioned, is is going to span controversy about hillary clinton draw criticism. we expect her to distance herself from the decision to allow that father into the rally. >> john, thank y small business optimism rose . don't get too excited. because the level remains well below the long-term average as part of the reasonth electi. kate rogerses into the details. what's the feeling on main street? >> it's stagnant. we're at 94.6 for the reading in july. it's been climbing up and down you know about a tenth of a point. it's nothing to get too excited owner saying conditions are going to be worse off in the next three to h inve and regulations, big two issues there and also, trouble finding skilled workers continues to come up as a reall6 is not a go reading. suggests are not optimistic? >> no, the historical average is 98 and so, it's been well below e time. 98 was the historical average prerecession, so you want to see it between 100 and 105 usually is considered better. it would be great. >> political climate bring you to this lack of optimism? >> you're seeing an increasing number of small business owners citing the limit as a reason they're not expanding. 36% f f small business owners , whichs interesting and last 015, that was at 19%. it's the u up, does it have to do with one candidate of the two or is is it ju>> i think it's general uncertainty. as we've discussed before, thert solid small business plans from either candidate. donald trump mentioned we're goinnls tha mean? uncertainty is a keyword when it comes . don't lead to a solid foundation for small business growth unfortunately. th details and answers and i will note the nifb they don't endorse a candidate and they aren't saying trump is is necessarily the key answer here to small business success. >> we'll see. thanks. still ahead, why the postal service did not deliver financially despite more delays and canceled flights today this as thee com was shut down for ant six hours yesterda out its schedule to help normalize flight operations. loss rs mounting for the u.s. postal service. the agency has been losing more than it's been making for the better p a market dominated by e-mail and e commerce sending first class letters, but there was mo brennan has more on the postal service's financial health. >> another quarter. another loss. $1.5 billion last quarter ore but things aren't quite that bad relatedtake to operations, the operating loss imillion. still, today's results showed it's all about e commerce. tpackage revenue 18% helping .o off set further declines in stamp prices were lowered in offices handle more packages. more money must be spent to ensure their deln and sundays e volume increases for the service, they do end up at the higher cost because on sundays, they don't have mail to deliver, so they cover the cost of the package. >> last quarter, that translated into a nearly $500 million jump in cost. s doorsteps. ers and more experts say much of that is the amazon effect. the postal service is is amazon's biggest carrier. with a billion packages ship pe by amazo pace. r thi year, the usps raised rates to compensate and today, the agency said further hikes will be considered. the postal service is hope thag push for package delivery will pay off, but on the heels trk take. for "nightly business report," i' morgan brennan. >> not as many people want to . and that's where we begin tonight's market focus. norwegian cruise line is cutting earnings guidance for this year and neo falling demand from north american customers and a weaker british pound. lst quarter, the company managed to beat on earn, but revenue came in light. as a result, s nearly valiant pharmaceuticals reported a loss and drop in revenue in the most recent quarter, but investors welcomga business. in addition, valiant reaffirmed its full year outlook and said it will trim more than $5 billion from its debt over the next year and a half. shares were up 25% 28.16. tribune said its loss widened as steep income tax charges tied to the sale of the newspaper hurt its rurlt, but even so, earnings were good enti e company did however miss targets despite an inc shares fell to 37.22. monster worldwide is going to be bought by hans t holding for $429 million. under the , monster will delist from the new york stock exchan, but remain an d a loss of a decline of revenue in its latest quarter. shares are up today though, to $3.50. wayfair said an increase caused the home furnisher a the they did rise in revenue because of a 65% increase in its number of active customers. spoke abo the company's progress in scale iin years, so our systems, the te 5 thourk we have, we've gotten past those initial growing pains r k where the grow is do you keep going and we continue to do that. then we see more and more opport >> shares fell more than 19.5% on the day to 38.80. gas meantime isn't out of the woods just yet. the apparel retailer reported a drop in same store sales for the month of july as banana republic significantly ahead of expectations. shares slipped as well, down 6% to 24.01. glue for the in more than three years at coach but that news leath goods retailer clear target. it did however top profit estimates and announce plans to discontinue selling its products in department stores. ceo victor luis said despite glhe >> there's obviously a tremendous amount of macro economic pressures taking place now, whether it be impacting the impact of currency, geo political issues such as brexit and of course, some of the tragic terrorist attacks that impact sentiment. especially around luxury goods. but long-term, this is an amazing category and i believe the moe. >> sharing fell 2%. in addition to gets the earnings ro going r from some of the department stores. macy's and kohl's on thursday. while nordstrom and jc penney are on top for friday. let's turn to the ceo and chief resource officer for more on whexpegting from you, dana.his week. >> thank you for having me. >> start with macy's because it's had very tough sleddings. what are you going to be looking for? >> i'm loo i overall, obviously, they had a poor first quarter in same store sales down just over 6%. i think the second quarter we want to see f there's any sligh improvement. i t levels carefully and also margins. there isn't any department store compano inventory levels and manage margins. t we heard about a lot of promotio in on. >> back to coach and gap. two companies that have struggled in recent times. are they getting better? >> i think coach is getting better. remember, it's been a two-year turn around plan and june 2014, they laid out their turn around. they said they'd have positive comps two years later and that's what happened. i think the downdraft in the stoexposure.ame f it's hitting them for 100 basis points. on margins. gap is a different story. improved earningings came from careful attentio margins. >> let me turn you to the luxury parte market and nordstrom is upscale, not specifically luxury, but upscale. what are you expecting from their results and what about the tate of luxury overal g from nor storm, i want to see how the components of the ik i think you're still going to have the full line department stores down in excess of 5% on a comp basis. we'll see if this negative at the rack have improv all. their anniversary sale is split between the july and august quarter, so i think we're going to have update. like victor said of coach, it's challeng luxury now with fewer tourists and feel good factor isn't what used to be. >> thanks for joining us. today, chief executive of walmart and ceo of jet.com spoke about their acquisition. walmart's ever of an e commerce company. the ceo of jet.com called the deal, quote, a perfect marriage. >> we're serious about e commerce and want to serve customers in the way they want to shop. as we've been watching jet.com khat grow, we've been paying close attention. >> this allows us to pull in profitability. the cost of goods and all the as that he breng to jet is going to make our overall experience better an >> stick with that guy. he sold his previous company, parent of diapers.com, to rival coming up, why gyms and fitness studios are going to extremes to give t. yale, nyu and mit were sued overe lawsuit allegations their contribution plans charged employees excessive fees. the complaints allege that t universities failed to monitor not replace more expensive, poor performing options with more economical ones. the competition in fitness is fierce and that means studios are pushing the envelope to pull people in the door, with crazy workouts to get you fit, diana oleic shows you the rope, literally, in our latest edition of sweat equity. >> that feels really good. >> whether you're hanging from the ceiling. or b definitely not bored. and that's the strategy behind new fitness ofs in a space that's getting increasingly crowded. how important is it to really mix it up? >> so important. i think nowadays, the students are getting much smarter, more educated about fitness and wellness ol t differe offerings, so it's important to constantly innovate. -- t spark yoga in arlington, drop your toes towards the floor. nice. point your toes and then coming into vampire. >> they're taking your downward dog up in the air, strengthening both core and grip and decompressin. >> but more than that, they're attracting people who just want cycle, bar, yoga, ariel yoga, everything, so i just keep switching it up. >> you come up and over. two, each side. >> impossible to g bored at ag fix, it's like a human video game, where you follow the lights on the floors and walls, working both >> it's ridiculous. i have never sweat so much. work s papa gym.hnology is by a they started in flooring, but have put in over 30 of these workout studio, mostly across europe. l me they'll double that in the next year. gl we've fielded a ton of calls. a lot of people were really overest to spain, check it out for themselves or come here, then make the investment. >> the sys $100,000, but the payoff could be big bec >> for "nightly businerepor i'm diana oleic in new york. >> ariel yoga version of nbr. >> you're on. thanks for joining us. >> thanks is brought to you by... for those who cook with heart and soul, we present a kitchen made with passion. introducing the completely reimagined suite of appliances from kitchenaid. you can see more at kitchenaid.com. oxo good grips -- thoughtfully yours. vine connections, proud importer of la posta, single-vineyard malbecs argentina at your table. bertolli -- proudly crafting olive oil since 1865. -viva bertolli! -riedel, the wine glass company. -oceania cruises -- worldwide destinations, fine dining, personalized service. your world. your way. -i've been living in america for over half a century,

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