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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe 'problem child' facing Disney is Hulu, says former NBC Cable president Tom RogersTom Rogers, Oorbit Gaming executive chairman, Newsweek editor-at-large and former NBC Cable president, joins 'Squawk Box' to discuss Disney's quarterly earnings results, the company's business outlook, troubles facing its linear TV business, the company's theme parks business, fate of Hulu, and more.
Persons: Tom Rogers Tom Rogers, Hulu Organizations: Hulu, NBC Cable, Oorbit Gaming, Newsweek
Scroll In June 2020 I was kidnapped by armed men and heldfor ransom. Photographs and text by Manuel Bayo Gisbert I was kidnapped by armed menand held for ransom. In Mexico we say that when you see or experience something painful it can make us sick with horror. I turned to the families of the missing people of Mexico. In Mexico, We Harvest Pain and DeathOn Aug. 19, 2023, three years after I was kidnapped, my uncle Fernando Bayo was taken by four armed men in Acapulco.
Persons: Manuel Bayo Gisbert, Manuel Bayo, Ivonne’s, Hilda, Cheli’s, Rafael, Miguel Ángel, Justina’s, Abelardo, Lucio Cabañas, Cirino, , , Práxedes Giner Durán, Álvarez, Juárez, , Felipe Calderón, Calderón's, she’s, , Pachuca … It’s, Andrés Manuel López Obrador, López Obrador, Fernando Bayo Organizations: Mexico City, Mexican Army, Mexican, , Pachuca …, National, Brigade, Residents, Inter, American, Human, Signals, National Search Brigade Locations: Leer, español, Mexico, Parres, Chilpancingo, Guerrero, El Conchero, El Ticuí, Ciudad Madera, Chihuahua, Atoyac, Ciudad Juarez, Texas, , Pachuca, Veracruz, of Mexico, Ayotzinapa, U.S, Yecapixtla, Acapulco, Tihuatlán, Santiago, Mexico City
I quit after working at Disney World for three months through the Disney College Program. AdvertisementIt was always my dream to work at Disney World, and in 2019, it came true when I was hired through the Disney College Program. Most of the College Program employees were reallocated to other parts of the Disney property, even though Epcot's next festival was starting soon. Even though I only had about a month left in my College Program, I quit after a couple of days of training at Magic Kingdom. It's taken me some time to neutralize my feelings toward DisneyMy feelings toward Disney World have shifted a lot since I started working there.
Persons: , Jordyn Bradley, Epcot's, It's, I've, I'm Organizations: Disney, Disney College Program, Service, Epcot, Wine, College Program, Magic Kingdom, Program Locations: Florida, Michigan
Steps from his front yard, thousands of cars rumble past each day as they travel along the Kensington Expressway, an expansive six-lane highway that slices through his neighborhood on Buffalo’s East Side. It has also posed a physical barrier, making it harder for residents to reach grocery stores and parks. State officials say the $1 billion project, backed by a $55.6 million federal grant, will enhance pedestrian access and stimulate economic growth. They include Mr. Richardson, 69, a retired electrician who moved to the neighborhood nearly a decade ago. He said that he did not think covering a section of the highway would do much to improve the area’s air quality and that he would rather see the highway completely torn out.
Persons: David Richardson, Richardson Organizations: Biden, Mr Locations: Kensington, Buffalo, . New York State
Disney Why we own it: We value Disney for its best-in-class experiential entertainment Parks business, which has proven to have immense pricing power. In the second quarter, the combined business — Disney+, India's Disney+ Hotstar, Hulu and ESPN+ — saw losses of $18 million, far better than the $659 million loss in the year-ago period. DTC profitability benefited from Disney+ core subscriber growth, higher retail subscription prices, increased advertising revenue on the back of higher impressions, and lower distribution costs. Clearly, Disney still has a big opportunity in sports as they execute on their DTC streaming strategy for ESPN. The atmosphere at the Disney Bundle Celebrating National Streaming Day at The Row in Los Angeles on May 19, 2022.
Persons: , Nelson Peltz, wouldn't, Hugh Johnston, Jim Cramer's, Jim Cramer, Jim, Presley Ann Organizations: Club, Revenue, LSEG, Disney, Parks, ESPN, Comcast, Netflix, Warner Bros Discovery, Paramount Global, CNBC, seasonality, Entertainment, Hulu, Hulu Live, Sports ESPN, College Football, National Football League, Walt Disney World, Disney Cruise, Disneyland, Hong Kong, Getty Locations: Hulu, India, Florida, California, Hong, Los Angeles
Disney posted its earnings for the first quarter on Tuesday. The entertainment giant beat Wall Street forecasts for the fourth consecutive quarter. Related storiesThe stock was up close to 30% this year at Monday's close, but a combination of the revenue miss and weaker-than-expected subscriber numbers for Disney's streaming business probably sparked the early-morning sell-off, according to analysts. Disney expects its streaming business, Disney Plus, to turn a profit for the first time in the fourth quarter, but total subscriber numbers of 153.6 million fell short of analysts' expectations. Streaming losses narrowed to just $18 million, down from $659 million this time last year.
Persons: , Bob, Iger, Kathleen Brooks, Nelson Peltz Organizations: Disney, Service Locations: Refinitiv, Monday's
The "Partners" statue of Walt Disney and Mickey Mouse, at Cinderella Castle at the Magic Kingdom, at Walt Disney World, in Lake Buena Vista, Florida, photographed Saturday, June 3, 2023. This will also be Disney's first earnings call since it won a proxy fight against Nelson Peltz's Trian Partners. Here is what Wall Street expects Disney to report Tuesday morning, according to LSEG:Earnings per share: $1.10 expectedRevenue: $22.11 billion expectedThe subscriber growth at its flagship streaming service, Disney+, will once again be a top focus. Last quarter Disney's direct-to-consumer unit — which also includes Hulu and ESPN+ — saw its losses narrow to $216 million from $1.05 billion in the same period a year earlier. Visitor traffic to Disney's theme parks in the U.S. will also be in focus.
Persons: Walt Disney, Mickey Mouse, Bob Iger, Nelson Peltz's Trian, Jessica Reif Ehrlich, Reif Ehrlich Organizations: Magic, Walt Disney World, Disney, BofA Securities, Hulu, ESPN, Deutsche Bank, Comcast, Universal, CNBC Locations: Lake Buena Vista , Florida, Hulu, U.S, Orlando, Universal Orlando, NBCUniversal
We'll take a deeper dive into what options traders are betting on in Disney and propose an alternative with a higher probability for a profit. Disney (DIS) traded above average call volume on Friday, with calls outpacing puts by nearly two-to-one. While that is higher than the long-term average earnings-related move, Disney has been quite volatile in recent quarters. Buyers of those calls are betting Disney will rally at least 6.75% by the end of the week. An investor who is willing to take more risk in exchange for a higher probability of profit might instead consider a diagonal call spread.
Persons: outpacing, Julie Biel Organizations: Disney, DIS, week's Locations: Disney
This story is available exclusively to Business Insider subscribers. AdvertisementBut on May 2, a tourist on Nantucket found their Cybertruck trapped in the sand, requiring a tow truck to free it. According to the tow operator, the driver made one crucial error: He forgot to let air out of the tires. The tow operator said the safe spot for beach driving is between 18 and 22 psi. Representatives for Tesla did not immediately respond to a request for comment from Business Insider.
Persons: , hasn't, Elon Musk, Tesla, who've, There's, Marques Brownlee, Michael Brooks, Myles Russell Organizations: Service, Business, Traffic, NHTSA, Center for Auto Safety Locations: Nantucket, Canadian
Walt Disney puts its top-tier media dominance to the test when it reports results before the bell Tuesday. Wells Fargo's Steven Cahall upped his price target to $141 a share, suggesting upside of 24%. StreetAccount estimates call for 229.35 million subscribers across the business unit and nearly 155 million Disney+ subscribers. At its last earnings call in February, Disney said it expects between 5.5 million to 6 million added subscribers in the second quarter. He forecasts an additional 4 million subscribers each year.
Persons: Walt Disney, Nelson Peltz, Jessica Reif Ehrlich, David Karnovsky, Wells Fargo's Steven Cahall, Deutsche Bank's Bryan Kraft, Disney, Vijay Jayant, America's Ehrlich Organizations: Trian Partners, LSEG, Walt Disney, Bank of America, JPMorgan, Disney, Deutsche, DTC, Netflix, Bank Locations: F1Q
A Gen X couple who has been to all 63 national parks says some are better than others in the summer. Matt and Karen Smith would avoid parks like Death Valley because of killer summer temperatures. The best to visit in the summer are high alpine national parks. AdvertisementThere are 63 national parks in the US, but according to a couple who have been to all of them, not every park is a summer destination. The National Parks Service reported earlier this year that over 325 million people visited at least one national park last year, a 4% increase from the year prior.
Persons: Matt, Karen Smith, , Bob, Sue Organizations: Service, National Parks Service, Smiths
He sees California Forever. And if he can't undo the damage, there may never be a California Forever. California Forever may be a subdivision, but it's precisely the kind of subdivision America needs right now. But here's the thing: California Forever may be a subdivision, but it's precisely the kind of subdivision America needs right now. Places like California Forever aren't being opposed by the people who are desperate for a place to live.
Persons: Jan Sramek's, Goldman Sachs, Sramek, Reid Hoffman, Laurene Powell Jobs, Marc Andreessen —, They've, Christie Hemm, Peter Thiel, Jan Sramek, Jan, Thiel, Goldman, CheatSheet, Sramek's, hadn't, Jonas Rave, who's, , Guy Saidenberg, Evernote, Marc Andreessen, Jane Jacobs, He's, he'd, Robert Moses, growth.y Christie Hemm, Flannery, Bronson Johnson, David George, Andreessen Horowitz, Marilyn Farley, Farley, Solano County's, Kathleen Threlfall, Bill Mortimore, California Forever's, Jessica Christian, he's, Lyle Lanley, Solano, Sam Houston, weren't, Gabriel Metcalf, You've, John Garamendi, Garamendi, isn't, they'll, latte, Christie, Travis, I've, aren't, They're Organizations: Silicon, California, BI Development, University of Cambridge, London School of Economics, Party, Rising Star, Facebook, York, Sramek's, BI Sramek, Google, American, Planners, Sacramento -, Travis Air Force Base, Area, titans, Farmers, councilwoman, California Forever, Sacramento Municipal Utility District, Air Force, Flannery Associates, Disney, San Francisco, Vallejo Naval, Historical Museum, Rep, BI, Solano, Sierra, Goldman Locations: San Francisco, It's, Sramek, California, Rio Vista, Solano County, Napa, Sacramento, Silicon Valley, America, London, Zurich, England, Czech Republic, Dřevohostice, York, British, Eastern Europe, Cambridge, Bay Area, Hayes Valley, America's cutest, Atlanta, Phoenix, Copenhagen, Barcelona, New York, Sacramento - San Joaquin, San Francisco Bay, Lake Tahoe, Toledo , Ohio, Silicon, Google's, Toronto, Big Tech, China, Calif, Springfield, Vallejo, He's, Atherton, Foreverville, Fairfield, Austin, Solano, Valley, Europe
Increasingly more people are choosing to work remotely from Disney theme parks. The trend began in the wake of the pandemic, as remote working became more popular and parks reopened. Writers and social media workers are among those heading down to work in Orlando. AdvertisementMore and more people are choosing to work remotely from Disney World theme parks — and it's not just Disney bloggers. Writers, techies, and social media workers are just some of those heading down to Orlando and sharing their experiences online.
Persons: , it's Organizations: Service, Disney, Workers, Business Locations: Orlando
Matt and Karen Smith, college sweethearts, quit their jobs in 2010 to visit every US national park. The Smiths shared their best tips for avoiding crowded national parks. Last year, the National Parks Service reported that over 325 million people visited at least one of the national parks in the US, a 4% jump from the previous year. But, according to Matt and Karen Smith, a couple who has been to every major US national park, there are several ways to avoid falling into a throng of tourists. This story is available exclusively to Business Insider subscribers.
Persons: Matt, Karen Smith, Organizations: Smiths, Service, National Parks Service, Business
The zebra was one of four that escaped on April 28 from a trailer near North Bend in Washington state, Regional Animal Services of King County said in a media release. While the other three zebras were captured within a few hours, a mare remained on the loose. The mare “was safely rescued on Friday evening in the Riverbend neighborhood after being on the run for nearly six days,” animal services said. Shug’s owner reportedly had stopped just off Interstate 90 in the North Bend area to fix an issue with the trailer when the animals escaped, animal services said. The zebra’s days-long escape spawned memes and jokes, with local government agencies pitching in with edited images of the zebra around the state.
Persons: Shug Organizations: CNN, Regional Animal Services, King, County Department of Natural Resources, Parks Locations: North Bend, Washington, King County, Riverbend, Anaconda , Montana, County, Snoqualmie, Seattle
He was a student at Mariupol State University in 2014 when war broke out in the Donbas, and Russia annexed the Crimean peninsula. "I refused to make a deal with the devil. Ponomarenko said he believes the war has "shown what ordinary people are capable of" and has helped reveal "their true selves," pointing to Ukrainian President Volodymyr Zelenskyy as evidence. AdvertisementCapturing it would put Russian forces within striking distance of Ukrainian operational and supply centers in the area. "Bucha was the greatest moment for me because it shows that life prevails," Ponomarenko said.
Persons: , Ponomarenko, Viktor Yanukovych, Libkos, Rushing Organizations: Service, Mariupol State University, Business, Kyiv, Kyiv Independent Locations: Volnovakha, Ukraine's, Donetsk, Russia, Kyiv, Dnipro, Avdiivka, Ukraine
AdvertisementEven though LA is much larger than San Francisco, LA doesn't feel urban, while San Francisco does. Here's what I felt were the five worst things about leaving the San Francisco Bay Area and moving to LA. AdvertisementAs an artist and business owner, I founded my eco-friendly textile and wallpaper collection business in San Francisco in 2013. I miss San Francisco's culture and philanthropic spiritLiving in San Francisco, I found that many of its businesses have a good environmental or social mission. But I believe, for the most part, San Francisco still has the same caring heart and soul it's had for years.
Persons: , Stevie Howell, It's, I've, Francisco —, Jessica Silverman, Rebecca Camacho, would've, it's, Crissy, I, Manseen Logan Organizations: Service, Business, San, San Francisco Bay Area, Minnesota, National Parks Conservancy, Area Locations: Los Angeles, San Francisco, LA, It's, San Francisco , LA, San Francisco Bay, Mandalay, Francisco, Bernal Heights Hill, Dolores Park, Ocean, Stinson Beach, Angel, mlogan@businessinsider.com
My husband Martin and I met in Brussels in 2012, when I literally stepped on his toes at my neighborhood farmer's market. We ultimately chose Brussels, the capital of Belgium and the administrative center of the European Union. Take a look inside our apartmentWe live in a street-level duplex in a building with only three apartments. She loves that she and her family can host dinner parties in the dining room. Federico CampanaleThe bedrooms, laundry room, storage, and bathroom are on the bottom floor.
Persons: Martin, we'd, he'd, Jessica, Jessica van Dop, I'd, Federico Campanale, it's, We've, Saint Gilles Organizations: NATO, Washington , D.C, Pentagon, Marine Corps, European Union Locations: Brussels, Netherlands, Washington ,, Europe, Rotterdam, Belgium, Saint Gilles, Puerto Rico, Western New York, Our, Saint, Eastern, Puerto Rican
I've visited nearly every US national park and love hiking. However, many national parks can be enjoyed without hiking. In fact, the National Park Service saw over 325 million visits in 2023 — the highest visitation since 2017. Although most national parks offer a variety of activities, some are definitely more hiker-friendly than others. As someone who's been to almost every US national park, I've found that many have incredible hiking opportunities as well as some of the best views from viewpoints or parking lots.
Persons: I've, , who's Organizations: Service, National Park Service, Business Locations: Yosemite
I worked in public schools for over two decades and loved that my kids were in school. Not only did homeschooling seem difficult and intimidating, but as a former teacher, I loved that my kids were in school. For more than two decades, I worked in schools — as a classroom teacher, after-school program teacher, volunteer, tutor, and substitute. There were growing pains, but this new version of school worked for us. During remote learning, for the first time, they had the freedom to focus on learning without the social exhaustion of a seven-hour school day.
Persons: , we've Organizations: Service, National Parks, inclusivity Locations: , Spain, Kenya, Costa Rica, United States
Livability, a media and marketing company that ranks places based on how livable they are, released its annual list of the 100 most livable small to midsize cities in the US this week. AdvertisementThe list is limited to cities with populations under 500,000 people that also have median home values under $500,000. Livability's list of 100 cities is not ranked in order, as you are able to filter and rank the list based on your top priorities. All one 100 cities can also be viewed on a US map, so you can easily search by region or state. AdvertisementThe following ranking of the top 10 best small to midsize cities to live in is based on the overall livability scores.
Persons: Organizations: Service, Business, Census, of Labor Statistics Locations: Los Angeles and New York, Montana, Miami, Oakland
For the first time in the history of the United States, billionaires had a lower effective tax rate than working-class Americans. Opinion Guest Essay Make Billionaires Pay (Their Taxes)Until recently, it was hard to know just how good the superrich are at avoiding taxes. Let’s agree that billionaires should pay income taxes equivalent to a small portion — say, 2 percent — of their wealth each year. Billionaires who already pay the baseline amount of income tax would have no extra tax to pay. The idea that billionaires should pay a minimum amount of income tax is not a radical idea.
Persons: Emmanuel Saez, Gabriel Zucman, we’ve, Demetrio Guzzardi, Jeff Bezos, Bezos, Berkshire Hathaway, Warren Buffett, Elon Musk, Bernard Arnault, Arnault’s, Arnault, Reagan, Critics, haven’t, Biden Organizations: Government, Social Security, European Economic Association, Institut des Politiques, Economic, Amazon, Elon, Twitter, Shepard, Getty, Trump, Internal, Abaca, New York, Facebook Locations: United States, Netherlands, States Netherlands Italy France, Italy, France, Tesla, LVMH, America, Europe, Sweden, Germany, Switzerland, U.S, Brazil, South Africa, Spain
The Fed and economic policy were top of mind this week given the central bank's Wednesday decision to yet again leave interest rates unchanged , as it has since last summer. This week included the conclusion of April's trading month, which marked the first down month of the year for all three major market averages. Indeed, some recent earnings reports have raised doubts about the economy, with brands from McDonald's and Starbucks evidencing signs of strain among consumers. While no new inflation numbers are scheduled for release next week, investors will see reports on March wholesale inventories, March consumer credit and May consumer sentiment from the University of Michigan. AI trade Though interest rates took center stage this week, investors also continued monitoring companies tied to the artificial intelligence boom amid the stocks' recent choppiness.
Persons: they're, Jerome Powell, Larry Tentarelli, David Donabedian, Sam Stovall, There's, Stovall, Tom Hainlin, Tentarelli, CFRA's Stovall, Lyft, Cabot, Aramark, Tempur Sealy, Nikola, Walt Disney, Sally Beauty, Warby Parker, Krispy Kreme, Papa John's Organizations: Federal Reserve, Treasury, Nasdaq, Dow Jones, CIBC Private Wealth, Dow, CFRA, Citigroup, Bank of America, U.S, Bank Wealth Management, University of Michigan, Nvidia, Disney, Spirit Airlines, Tyson Foods, Pharmaceuticals, Lucid, Palantir Technologies, Simon Property, Tech, Lab, Goodyear Tire, Noble Corp, Vornado Realty, Coty, BellRing, Consumer, UBS, BP, Nintendo, Bloomin, Duke Energy, Rockwell Automation, Ferrari, NRG Energy, Electronic Arts, Cirrus, Adaptive Biotech, Arista Networks, Dutch Bros, Holdings, Virgin Galactic, IAC, Rivian Automotive, Brighthouse, Occidental Petroleum, Assurant, Kinross Gold, Labs, Diamond, Reddit, Anheuser, Busch InBev, Embraer, Health, United Parks & Resorts, Emerson Electric, Brookfield , New York Times, Food, Reynolds Consumer Products, Teva Pharma, Uber Technologies, Dine Brands, Liberty Broadband, Fox Corp, Cushman &, Liberty Media, Arm Holdings, Kodiak Gas Services, Solaredge Technologies, AMC Entertainment, Cheesecake, News Corp, Toyota Motors, Fair, US Foods, Hyatt Hotels, Warner Bros, Hilton, Warner Music Group, Unity Software, Insurance, Gen, Honda, AMC Networks Locations: Central, McDonald's, Expeditors, Occidental, Angi, Brookfield , New, Ambev, Cushman & Wakefield, Michigan
Scott Lengel, a former Microsoft CTO, launched an AI-powered RV road trip planner, AdventureGenie. A couple of years later, in May 2023, Lengel launched AdventureGenie — an AI-powered RV trip planner. The biggest thing AI brings to AdventureGenie's trip planning is the customization, Lengel said. Instead of looking up a generic road trip planner that is the first hit served to everyone on Google, AdventureGenie can create itineraries that are unique to you. Lengel said new AdventureGenie users often say it saves them so much time planning their trip just by filling in their route.
Persons: Scott Lengel, , Lisa, Lengel, they'd, AdventureGenie, It's, you've, you'd Organizations: Microsoft, Service, Marriott, Business, Nashville, Google, BI Locations: Cambodia, Vietnam, India, , South Carolina, Yellowstone, Florida
Some white-collar parents are leaving their jobs to take family gap years. It's sticking around as the world somewhat normalizes; Reddit is littered with threads looking for family gap year advice, which posters can easily find in various blogs. She now offers a family gap year and extended travel planning service for $80 to $100 an hour. "It could expand into a big business," she said, adding that her family gap year clients typically have disposable income and kids around 8 to 11 years old. AdvertisementWorld lessons, no classroom requiredNo family gap year is complete without immersive travel.
Persons: , Claire Williams, Matt, they'd, Claire, It's, Jennifer Spatz, itineraries, Amy Chang, Chang, Allen, they've, Spatz, Marisa Vitale, it's, She's, hadn't, what's Organizations: Service, Area, Federal, Global, United Nations Sustainable Locations: Sri Lanka, Sahara, worldschooling, COVID, Massachusetts, Asia, Europe, Venice, Italy, Airbnbs, Greece, Nepal, Sydney, Australia, Santiago, Chile, Spanish, Guatemala, Vietnam, Argentine, Jordan, Patagonia, Los Angeles, California, Salt Lake City, U.S
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