Now, is that right . David over the past 15 years, one of the most successful ceos in the world has been bob iger. He led disney to its greatest heights, increasing the market value by 400 . He did that through acquisitions of 21st century fox, lucasfilm, pixar, and Marvel Entertainment. Now the question what is he going to do next . During the time that you were the ceo, the stock market value of the company went up about 450 and the market capitalization about 400 during time year period of my big regret is that i didnt back you and buy stock, but you must be very pleased with what you accomplished. Bob proud would probably be the right word to use. I inherited a company that was renowned and had been quite successful, but had also gone through a period of difficulty. There was a lot of work to do. My goal was to not only improve the company, but to ultimately leave the company in great hands for my successor. David you werent as successful in leaving the company, because you wanted
Come. Thank you for starting your weekend with us. Im kira klapper. Vianey arana joins us with your microclimate forecast and you said today is the day to enjoy and to prepare for tomorrow. Absolutely. Its going to be a lovely afternoon. I mean, mostly sunny. Seasonable temperatures, but by tomorrow thats all going to change. So definitely take advantage today. Mostly Clear Conditions right now. Couple of straggling clouds here and there. 53 degrees in san jose. Current temperatures really in the 50s throughout a chilly 40 degrees in napa which is something that we really havent seen in a while. We have been seeing above seasonable temperatures and this is the reason why were under a microclimate weather alert. We want to make sure youre prepared and in anticipation of whats to come and thats headed into sunday afternoon two red flag warnings kicks in. First at 11 00 in the east bay hills and then a second one that kicks in for the Higher Elevations. Details in a minute. We look forwar
Good morning, welcome back to squawk box right here on cnbc this morning. Im Andrew Ross Sorkin along with joe kernen and kelly evans. Becky is off today lets show you where futures stand at this hour maybe 12, 15 hours after President Trump returning to the white house. The dow looks like it would open down marginally about 63 points off, nasdaq off about 83 s p 500 off about 15 points. Lets also show you treasury yields as we speak, well show you the ten year yield right now, you are looking at 0. 763. Meanwhile ill pass it over to kelly. Thanks for joining us this morning. And youve got the news on President Trump. And before we get to that, joe, we were just joking about, you know, you and me we could banter and we were in studio and andrew wasnt and now, you know, were all no, you are in studio still im still here. Ive been here since april and i like it here there is no delay. Is that are you wearing orange or that red i think that were in sync sort of yeah, it was an orangey red
Is a second percentile move going back to 73. Look, if youre a stock guy, youre thrilled because we are so tired of hearing on a Constant Currency basis. This time it could be very big earnings for a lot of Companies Overseas and Procter Gamble and really, really well in this environment. J j does really well the gold run is a combination of Central Banks printing money and also a pest misimistic view on is going to happen with covid we try ceos who are very excited about their vaccine the more people say this is going to end and at the same time we have a huge spring board because of all the money being printed. Things will be good. David, ive never seen a moment where you have a coiled spring if good news happens, but if you dont get a vaccine, just get ready for another one of these things in a couple months. Well, i mean, were looking right now at the board there were showing moderna and the progress, jim, that they have made towards a vaccine the news this morning, of course, is t
Groups have switched from bear to bull market territory and they still have plenty of room to play catchup. Even when we get hit with waves of bad news. Nasdaq, did okay, quite a difference when i was out there when it was just a sea of red. Stocks opened up terribly. But then the strong bull markets that im talking about, the ones that are underneath, they surfaced, they quickly took over and we rolled back a big chunk of the decline buy buy buy something i pointed out on squawk on the street. When a rally has leaders from many different groups, and the better breath we have, the more kissable this market is, and thats what were seeing right now. Who are these leaders im talking about . Some youre very familiar with, because we talk about them all the time yes, bull market number one, the work from home cohort, which is a cluster of smaller bull markets. Zoom video, and at the orefron are the cybersecurity Stocks Companies need to be about protection when they put everything on the cl