Good wednesday morning and welcome to squawk alley. Im live in rio. Joining me back home in new york, john fort and kayla. And the cofounder of elevation partners. A lot of headlines but first back to kayla and john. Thank you so much carl. Disney is the biggest stock in the market right now. Its largely what is causing the dow to gain. Of course news the company is investing 1 billion for a 33 stake in Sports Streaming Service created by Major League Baseball and as part of the teal disney plans to embrace core cutters launching new Digital Service separate from the cable bundle. That will stream sports and heres what bob iger had to say about it. Theres no disadvantage. If a customer decides to disconnect or to cancel their car service and migrate over in directvs case to the over the top service which is primarily an internet provided service then theres no disadvantage to us. Meaning its press neutral to us. Thats a very good thing. So first two roger with disney shares up about 2