i can get rid of espn and save a little money. i'm beginning to see when i look anecdotely, simmons gone, three star wars, three ten poles that you have paid too much for programming and therefore have to cut back on staff of high profile people that we love because espn's costs are going up and viewership going down. that's the way it reads. is that an accurate assessment of what's going on with espn? >> well, on the cost management front, we expect every one of our businesses to operate at peak efficiency. that means each one of our businesses are going to go through periods where they take a harder look at their expense side and essentially make cuts to run more efficiently. it's as simple as that. i'm not going to comment on the decisions that were made on those individuals that you mentioned but espn and all the oh businesses are expected to be as efficient as possible. we did go out and we bought the most valuable sports packages that were out there. the nfl and major league baseball and the nba and a number of different col

ben, shouldn't espn focus on sports and not supporting isis? >> everybody knows espn loves isis. they both have four letters in their name. think about it, people. curt schilling. he is a baseball player. i am not entirely sure if he wasn't asking a legitimate question. how did that go? he is just a baseball player. why are we taking political advice and even allowing ourselves to be offended by people who are famous because they can do a speech of athleticism. he was never supposed to be the nation's sage. can you imagine if babe ruth had twitter? we need to give people some slack. the best thing that ever happened to him was getting kicked out of the little league world series. who wants to be there? >> if babe ruth had twitter there would be a lot of drunk tweets. >> every tweet. >> did espn make the right move in suspending him? >> if his contract says he can't do political commentary on social media, my contract says i can't talk about greg gutfeld's ties so i don't do that. i'm just kidding. if he can't do that, then he can't do that. maybe there was something in the fine p

. >> i wonder if you go back to why espn is essential. there's competitors including the fox sports network. the nbc sports network. as companies offer skinny packaging, they'll continue to do so is espn doing what it needs to do to stay the number one value proposition? >> i don't think they're doing enough. i love the partnership with netflix. think they need to be you bit witnessous and i don't think they should is r bite the hand that feeds them. think they need to go direct to consumer faster. there's a big learning curve, a lot of trial and error. i will say one of the good things that i heard on the call, was that their deal with the cable providers does allow them to go direct to consumer any time they want. so i think that was a nice carve-out. >> or what, jon? if they don't go faster, is somebody else going to create another "star wars"? is somebody else going to create another espn -- >> people have tried. >> isn't there risking going too fast. react too quickly to a trend that doesn't move the way you think it's going to or ta

we'll look at espn. that is about 30%, makes up about 30% of the stock price for disney, espn. there are suggestions when they spin it off into a streaming service, basically, continuing with the cord cutting theme. lots to look forward to in the report comes out, twice. we'll be all over it. melissa: absolutely. you mentioned the stock at new all-time high. up 28% before that. really richly priced. ashley, thank you very much. we'll get back to you as soon as the number comes out. david: disney on a roll. new "fox news poll" highlighting breakouts and shifts in support for top presidential candidates heading into thursday's crucial gop debate. blake burman with the numbers from d.c. blake? >> reporter: one goes up, another comes down. latest "fox news poll" showing donald trump extending his lead among republicans while:clip is losing some democratic support. first though to the gop, trump's mark is 26% that continue the billionaire businessman's rapid ascent as the gop frontrunner and puts trump easily ahead of jeb bush, the only other presidential contender to clear double d

get commentarywe about espn and the over-the-top offering of espn that is not connected to the cable service. i'm looking at commentary on operatinghey say that was driven by growth and it is not likely they would talk about the over-the-top offering in the statement. we are looking at outlook. the star wars franchise comes out in december and i want to etsy shares continuing their march lower. ot is getting close to the ip prices. it is a wider loss than some had anticipated. >> we have exciting after-hours action. indexve an interesting you?hat does that tell >> we have 10,000 people doing can see month and you numbers on your side and people walking through houses and combining that into an index that forecasts what we are going to see with prices. it is not that the bottom is going to fall out. it is a highly leveraged market and it is indicative of consumers having enough and not chasing the prices as high as they have been over the last year. the more conservative view of the housing market. bullish.y, people are >> i worry about screwing up a customer's office. .ou celebrate t

paul: espn and disney. espn, comes out and says the mightiest of all cable networks, arguably the mightiest of all meter brands, had fewer subscribers year-over-year. as a result, they will reduce their guidance for profits for espn. that is the first time that many investors had ever heard that. that is a canary in the coal mine, if you will. yes, we know about the bundle fraying at the margins. that -- but if espn fights to dial back the profit guidance, that is a big issue for the space. and then we have company after company after company the last couple of days report sluggish earnings were disappointing earnings, that is enough for what is a classic rotation out of a group. is it worth noting that espn and other sports programming -- this is all live programming? this is not filmed entertainment content. this is live. is it worth noting that? paul: that has been the real calling card for espn and disney. you have to have espn because it is live programming. advertisers love it because it is so hard to

mainly for espn. there's no plans to offer espn as an over the top streaming service. disney falling about 8% in after hours trade and could van impact on the dow this morning. walt disney shares down 5.6%. >> stay tuned today because bob iger will be speaking to the squawk on the street team in the u.s. that interview coming up at 15:00 cet. >> u.s. media earnings are due today. results from time warner and discovery communications out at about 7:00 a.m. eastern time followed by 21st century fox and cbs at around 3 pl eastern time. >> we had numbers from standard chartered out this morning and they made quite a big splash in the market. wild swings in the share price going into the numbers the share price was higher and then fell quite drastically when we saw the cut in dividend by 50% and then it rose by as much as 6% and the few minutes after and it is roughly 5 but still higher by 1%. let's get through the details here. 44% slump in profits. the focus is less on the numbers than on capital and on the strategy going forward. the capital ratio was fairly strong, 11.5

. >> reporter: in a few years, espn will likely be sold directly to customers. >> espn is one of them. if you want to use hbo as a model, i think what espn would be looking for would be a larger penetration of the marketplace, meaning -- >> much bigger numbers. >> definitely. >> leave behind what you don't want and get what you want. espn would be a c change for the industry. >> reporter: the new way of watching doesn't come without glitching. netflix, hulu and amazon prime are leaving millions on the table from customers sharing log-in info. >> when this is taking off and going to the mainstream, they don't want to turn off folks with an extra burden of security or entering a password. anything that's going to get people off track. >> reporter: we're in the middle of an arms race with tv providers, which hopefully leads to more choices for consumers. >> i keep cable because there's a few channels i like. >> i would rather stream something. i can pick what i want. it's customizable. christina: i like that. customizable. are they going the way of the dinosaur? >> i think so. the expert

but look, i mean eiger mentions espn and subscriber drops. and the market reacts like a bomb was just dropped on the entire media business last week. >> well hold on. i would actually dispute that. i think if you looked at what happened a year ago. pull up a stock chart on discovery, viacom. these stocks have gotten crushed over the last year. the reality of what happened is investors were rotating from those stocks into names like disney and time warner. and because they thought that having a lot of sports and a lost content made you immune. and that that was a safe place, that even though the advertising troubles were bad. that you could kind of find safety in certain names and i think what we learned from eiger and even from time warner's lack of endorsing guysens the next day is that everybody exposedle as the tide of media goes out, nobody is quote unquote safe and i think that's what's happened. this is not something where it's been an all of a sudden revelation. it's an all of a sudden revelation for the strongest companies that they'r

that is what drives the cash flow for espn and the cable networks. they are very exposed to the growing part of the business. joe: what about the box office? they have been shooting the lights out in their receipts. how is that story looking? joe: the revenue came in a little bit more than expecting. they are 1.3 billion at the box office this year. that was the number two between the floor and universal. there is a lot to look forward to for disney on their studio business. they have a new pixar film, all the marvel franchises. starting in the fourth quarter, star wars, the beginning of something really big for the studios. that is what disney is calling for. alix: you have not seen star wars in the last 10 years? joe: i saw one a long time ago. >> they will suck you back in. there will be merchandise, theme parks. is the main point? it is down a little bit off the numbers? >> the request and investors, these media companies, customers are cutting the cord. we know that. on the margin, pay-tv bundle is really fraying. all the cable networks out ther

the problem with disney apparently, is espn. cord cutters exactlying subscriptions. >> and espn 3.2 million subscribers, that's huge. bob iger on the disney earnings call yesterday said we're not going to see any dramatic declines in basic cable subscriptions in the next five years. that's wishful thinking because by thousands people are cutting the cord every day. stuart: why doesn't disney leapfrog over cable and say espn. sports is what it's about and why not do that? >> that's what everybody wants. stuart: iger won't do it. >> i don't understand that it's short-sighted of that. streaming content is where people want to go. the irony is the big expense on your cable bill is the money they have to pay to carry espn. with the sling tv service, a big get they got espn and that's a great thing to have. and i think that espn needs to be fronts and center with all of the streaming tv products they should approach netflix. >> they're losing a lot of big time talent trying to cut the service and the quality is hurting, too. stuart: w

if espn is vulnerable, everybody is. it is rare to see is p.m. take down their garnets were operating margin, specifically citing espn. that really brought it to the forefront. this is a pretty dramatic call for disney, viacom and fox look worse. we all knew this would happen eventually. disney is saying this is happening now. is that doing a lot to boost the winners? we saw netflix. are there others like netflix? >> we were showing the divergence over the last 12 , new media versus traditional media names. the divergence has been extraordinary over the past few days. say, ats are trying to the end of the day, let's allow some of the generalist investors wash out over the next several days. then people will step back and say, is content still king? if it is, how much value doesn't have, and which content will step above the rest? matt: are some company then being fairly -- unfairly punished? time warner is getting crushed but they are still developing content, doing well in their offerings. erik: let's look at time warner like we do yahoo! if net

for example, while the controversial media group which includes espn and the rest of the company put up 23% growth and that's pretty monumental for non-biotech and non-tech company that gives you a blended average of 17% which is still amazing. >> there's a ton that's good here. now let's deal with the elephant in the room .2. the disappointing cable numbers from the media group that were the a proximate cause. he said disney experienced, and i'm going to quote, some subscriber losser. when you hear subscriber you should think bundle, specifically the bundle that includes the espn stations that are so lucrative for disney. when you hear losses you can conclude that customers are not buying a product like they used to or they're just cutting the cord, both very bad for disney and all of cable which is why virtually every entertainment stock was down and down hard today in either guilt by association or just plain guilt. that's the issue i grilled iger on this morning when we interviewed him on "squawk on the street" and frankly, i'm not fully assuaged by his answer. >> the bundle is n

>> you just highlighted it with espn. there are two parts of espn that are going to be challenges. one is as bob just mentioned as julia reported modest subscriber losses. everybody's going to wonder if that's going to get deeper. and i think the other part of it is whether these newer services over the top as they're referred to, skinny bundles and so forth whether they'll make up the slack. i also think at espn, and i don't know if this is what they're talking about on the call, ad sales have peaked, margins have peaked in espn and there are signs of cutting back cost. something you would do in a normally mature business i don't think you ring the fire alarm here but there are some challenges. and certainly the cable breaking of the bundle is one of those. >> julia mentioned the last piece of her hit that iger was talking about netflix being more of 'friend as opposed to a foe. would you agree with that or is he putting a nice spin on this? >> i would agree with that wp i think when you look at the deal, people have been talking about this lately but late next year the deal that

you can have your satellite or cable box and watch espn live. you can also have your apple tv box or your roku box and watch netflix on your own schedule. and a sense, everything is getting better for the consumer and the consumer has the best of both worlds, although if you want to be completely economical about it, you have to look at how you might cut the cord. but when it comes to a la carte, let's be careful because that could end up being more expensive. mr. slen: in your chapter called "through the electronic portals of our home" -- is it important to controls that pipe into the house, were with mobile does it not matter? mr. tayer: i think it is important. i think it is important that it's the consumer that controls what comes over his or her pipe ultimately. i think that is the philosophical ideal. what you mean is on the distribution side. who's controlling the internet pipe? what's important is that it is competitive, that it is fast, that it is almost flawless for the consumer. but that gets into the whole network, net neutrality deb

back to you. >> this is such an interesting story because there's been an active discussion around espn which has been the cash machine behind disney but now we're seeing a change in the way consumers consume sports content and that puts espn in a challenging situation. the big question out there at some point does disney spin off espn. >> or do they take it ott, over the top as other companies have done and bob saying yesterday there are no plans to do that. so i wonder whether he's catapulting himself behind the curve automatically by not going with the disruptive trends. >> i do think that's what happens is really interesting and is a lesson perhaps for sky in the u.k. that just paid up massively to get the premiere league soccer rights. because the way is changing how we consume television content but sports was thought to be one of the ones that you would continue to watch in a normal way, a traditional way. because it's live you don't need to pause it and watch it on demand and because this is also hurting espn is a bad, bad news for broadcasters globally. >> but you would have to

erosion aen audience little bit at espn. the question will be for a lot of investors, what can we count on for espn and the cable network segment? it will still be the major cash flow come -- contributor. is there any way to quantify the stock? importants the most part of the company parity thing about the film business. so much success with the marvel films and we have got star wars upcoming. these bigbusiness for entertainment stocks tends not to drive them very much. it does not matter if they have a big hit or a flop. ist really moves the stocks the cable network business. that is the biggest cash flow generator. also the theme parks business has been excellent business for them. theme parks and cruise ships, their opening shanghai disney in 2016. that area has been throwing up a lot of cash flow. it -- over the top agreement, or what -- might we see the opposite? >> it is interesting. they are experimenting with a lot of these packages. disney has been a big media company of embracing technology. they have always been o

is to recover the eighth to introduce my a distinguished panel a senior writer with espn a co-author of the guv denial the nfl and battle for truth the new york but the times best selling truth to come from selling between football and brain damage previously as a foreign correspondent for the "washington post" for international reporting for the investigative series on the rules of mercenaries in the iraq war author of a big board rules. and the. author of the search for the american dream. his brother is an investigative reporter for espn is a member of the investigation unit to the producer whose work for a sideline. also serving as reporters and writers on a companion documentary of the same name of front-line that documentary earned said george peabody award as well as the emmy nomination. their national honors in 2004 and 2005 for their coverage of the steroid scandal in baseball and there book even shadows -- game of shadows was a best seller prompted major league baseball to investigate steroid use. day you see a pattern beginning to develop? [laughter] regarded as one of the

are we going to have any espn offerings separate from cable offerings? there is no news on that yet. we may get some questions about it on the call. emily: you will continue to watch the headlines. thank you. moving now to activision blizzard, shares surging and the committee raised its over your outlook. we now are joined by our expert. let's run through the digital strategy. that is always a big question when we talk about the evolution of these big game makers. how is activision doing on digital? >> digital versus mobile, they are doing very well. what we saw was another big increase, over 80% of their revenue now coming from digital. that is smart. the mobile strategy still needs a lot of work. they are beginning to look at other ways to roll the mobile out. certainly through this new potential big hit in my opinion on the guitar hero rerelease which will be on smartphones. it is a good move for activision, long-term. emily: what about the games? it is all about call of duty for activision, but ea has a big star wars game coming this quarter that eve

espn is a must. are people still watching it? it's clear from the hours that he says are going to be increased that the draft kings and the fantasy teams, people watch the games they don't need to see. but today is the bear's day. let them have their due. >> thanks, jim iger is going to join them. >> paying for something online is as easy as a click of a button. but how safe are you. we'll go where they are trying to make mobile purchasing safer. but i keep it growing by making every dollar count. that's why i have the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy for my studio. ♪ and that unlimited 2% cash back from spark means thousands of dollars each year going back into my business... that's huge for my bottom line. what's in your wallet? seven out of ten power outages in the us are caused by weather. but utilities can now predict where the power will go out, within a few city blocks. working with ibm, they're combining micro weather forecasts with detailed data from local sensors. to

hob, cnn and espn and so on, and that was still in the age of analog tv. it's important to note that since its origins in between world world war i and world war ii was really based on analog technology representing the tv signal. we have a real concern that was coming out of japan at the time. you remember back in the '80s the con vengal wisdom was such that japan was rapidly becoming the top global economic power and would surpass the u.s. and of course, that never happened. but at the time one of the proponents of that was that japan through nhk had developed a high definition technology and everyone thought that that was going to take over the next generation of consumer electronics. in response, europe actually 13 countries of europe had subsidized an activity to a tune of about one billion dollars essentially to keep japan out and that was called hd mac. they were both based on analog technology and seemingly out of the blue here in san diego, we announced the world's first digital high definition television system and was really a technical shock he

i want to talk about espn. is it truly in trouble? paul: i do not think it is truly in trouble, but it will not be the consistent growth driver for disney that it has been over the past five to 10 years. disney is still obviously a huge cash generator for disney. it is the dominate -- dominant network by far, but consumers are cutting the cord on the margin. even on the margin, it is affecting even the espn's of the world. brendan: is this just a secular trend in the way people are looking at television, or is espn doing something wrong on its own? paul: we're starting to see a lot of the broadcast networks experiment bypassing the pay-tv package, getting hbo, going to consumers directly. all this is a response to netflix. there are 40 million people subscribing to netflix getting content directly over the internet. tom: you are good at full in the experience that we have. my tv sits like a monument in my house, dark and black. i look at fox sports, the outperformance at disney. how will disney, as the true leader, respond to "i do no

erik: disney has an espn problem. have peaked but more and more customers cutting the core when they learn about bob plans for the sports network when he reports earnings after the closing bell. farm accused of selling quality onions and calling them the dahlia. -- vadallia. ♪ good morning, everybody. i am olivia sterns. orders are out. julie hyman and it is for the numbers. in lineactory orders with an increase of 1.8% in june. that is higher than the -1% reading that was recorded the prior month now revised on 12 a 1.1% decline. an improvement in factory orders .uring the month if you exclude transportation, an increase of half a percent into an improvement. either accounts and improvement here. erik: thank you very much. the latest on the economy, or at least economic data from julie hyman. a look at what is taking news this morning. scheier making an unsolicited bid for this monopoly in hopes of a company focusing on diseases. 30 billion in stocks. 30%ier says it represents premium and values. there is no deal i

content providers in the united states, such as hbo and cnn and espn and so on. and that was still in the age of analog tv. it's important to note that tv since its origins in between world war i and world war ii last century was really based on analog technology, meaning a continuous wave representing the tv signal. and being in the satellite tv business we had a real concern that was coming out of japan at the time. if you remember back in the '80s, the conventional wisdom was such that japan was rapidly becoming a top local economic power, and would surpass the u.s. of course, that never happened and it has shades of what equinox but today in terms of china. but at the time one of the components of that was that japan through nhk, state-owned broadcaster, had developed a high-definition technology and everyone thought i was going to take over the next generation of consumer electronics. in response, europe actually 13 countries of europe, that subsidize connectivity in europe to the tune of about $1 billion, essentially to keep japan out. and that was call hd

his brother mark is an investigator reporter for espn. he is is a member of their investigation and enterprise unit with which produces work for the award-winning program outside the line which i know many of you have seen. they both serve ass reporters ad writers on a companionor for documentary for pbs award-winning program frontline, a a league of denial. that documentary from then prestigious george polk and peabody awards as well is an emmy nomination.rk for mark, along with colleague lance williams, they earned national honors in 2004 and 2005 for their coverage of the story steroid scandal in baseball. in their book, game of shadows, it became an immediate new york times bestseller. it prompted major league baseball tod investigate steroid use and its league. do you see a pattern? he is regarded as one of the best sports agents in sports history. he is the agent that had six overall number one picks in the nfl draft over a seven-year period. the number one picks that he represented in his career is unmatched in nfl history. at 11 t

there's a strong demand for espn. there are just changing behaviors and changing ways we're consuming our media. >> there's pressure. but it's not as if it's all going to crack -- right now, there may be pressure coming out of the stock. investors taking a moment to breathe. >> seems really really bad. >> so sad about the stock -- they could use some superheroes this morning. >> we have to talk about interest rates. >> looks like interest rates are rising in september. here's why. another fed official someone who makes these decisions in "the wall street journal" saying it's time. unless there's a big deterioration in the american economy, next month rates will rise. that means it will cost you more thr for a car loan a mortgage, credit card. it should be no surprise to people that higher interest rates are coming. please lock in your refi. higher interest rates are coming. >> or buy that new house now if you can afford it. but this actually means good things about the economy. >> it means the economy is strong enough

espn won't make as much money. remember, espn and cable, 50% of earnings. the issue i have with the sellers not -- it's not that bob iger doesn't see this or know it. come on, he's spent a huge amount of time and money building up the ten poles and the theme parks with "star wars" on the horizon, the company is in much better shape than time warner and viacom which depend on subscriber growth. so they can lose subscribers far more quickly than disney's espn will. once the big sellers do get finish and they do get finished i think disney will be buying back stock hand over fist. if you take a super short term perspective, you're looking at it wrong. you need to evaluate it long term which are being ignored right now because of the line item cable subscribers. it was wrong to buy disney at $122 but down here you can pick up something. knowing they're diversifying away from cable and i think disney will succeed by this team next year, patience, please if you buy. remember with the stock of walt disney patience has always been rewarded. gabe in nevada. gabe. >>

espn, along with disney channel and abc family helped outlay broadcast decline. it focused the quarter just a few weeks ago that it is inevitable that disney will eventually sell espn directly to consumers. >> julia, boorstin, thank you. >>> apple fell deeper today into correction territory, shares of the blue tech company fell another 3% on heavy volume. they are now almost off 13% from their highs this year. $100 billion in market value since that peak. it's a fall in the stock price wasn't bad enough, there are also reports that apple's secure operating system are now vulnerable to worms and viruses. jon fortt has more on the rough run. >> reporter: shares down 13% from where they traded a couple of weeks ago, if you're looking for a single headline to explain the drop, though, you'll be looking for a while. apple shares have been falling since the company's earnings report partly on concerns that the iphone's growth might slow. >> the biggest concern is the calendar for the december quarter. the company had an enormous shipment and i think there are concerns

erik: disney has an espn problem. revenue may have peaked but more and more customers cutting the core when they learn about bob iger's plans for the sports network when he reports earnings after the closing bell. >> bill gates farm accused of selling quality onions and calling them the dahlia. -- vadallia. ♪ olivia: good morning, everybody. i am olivia sterns. june factory orders are out. julie hyman and it is for the numbers. julie: factory orders in line with an increase of 1.8% in june. that is higher than the -1% reading that was recorded the prior month

his brother is an investigative reporter for espn and a member of esp espn investigations and enterprise unit which produces work for the award-winning program outside the lines which i know many of you have seen. steve and mark serve as reporters and writers on a companion documentary of the same name for pbs award-winning program "frontline and the league of denial," that earned the prestigious george polk and peabody award as well as in any nomination. for mark along with colleague lance williams he earned national honors in 2004 and in 2005 are there coverage of the steroid scandal in baseball and the book game of shadows barry bonds and the steroid scandal became an immediate "new york times" bestseller and prompted major league baseball to investigate steroid use in its sport. the ucs pattern beginning to develop? leigh steinberg is regarded as one of the greatest sports agents in sports history. in one stretch during his career he is the agent who held the six overall number one picks in the nfl draft over a seven-year period and the number of picks that he represented in his care

accords to philly.com palin said espn is intolerant for suspending him. the republican politician made the statement on facebook. she accused espn of buying into the propaganda of isis and other terror organizations. schilling shared the name on tuesday. espn suspended him from little league world series coverage saying the tweet was unacceptable. the station also removed schilling from this weekend's sunday night baseball broadcast. >>> in other news this morning, philadelphia's love park is set to get a makeover, and we're learning more about what changes to expect from the site in the city. they plan to begin a one year renovation starting in the spring. among the changes, the welcome center at the corner of 16th and jfk will become a restaurant. these are some of the renderings of what the park will look like. the love statue and fountain are not going anywhere. they're the staples of the park. we are told there will be more green space plus a renovated underground garage. here's a look at the restaurant. the city is hiring a team of artists to create

a chance to sweep and get into first place. >> on espn sunday night baseball. curtis granderson. bottom of the third, this was the inning, the whole game. he homered then daniel murphy crushes one up there, 3-1 mets. ses pierre da singled and duda homered. three in like five minutes of realtime. that's all noah syndergaard. that's all they needed. >>> andre ethier, dodgers against the angels. tied at two. ethier's solo home run off joe smith. that's really his name. padres up, 3-2. in the tenth, go home. two-run homer, his 12th of the year and dodgers, 5-3 and sweep the angels who sdro lost six straight. nine of ten and are currently four in arrears of the astros. >>> jon lester cubs battle the pirates and andrew mccutcheon, more run to watch running and doing anything else. watch espn app which jay harris invented and see bucc and i on "sportscenter." >> merry monday, everybody. >> all right, thanks, fellas. >>> quite the scene over the weekend at a beach in san diego where dozens of dogs getting on their boards and, yes, they're out there surfing. >> more than 50 participated i

espn adds, the redskins have talked rg3 trade but not found an interested team. still sidelined by concussion and waiting for more tests, rg3 very much interested spectator last night. and he was talking to jay gruden, watching kirk cousins with the first team and cousins took advantage. look, after an early interception, cousins impressed. remember, this was something he struggled to do last year, recover from his mistakes. not only did he recover, he proceeded to guide the redskins' first team offense to the first preseason touchdown in two years. a strike over the middle off andre roberts into the arms of jameson kroi jameson crowder 31-13. 191 yards, one touchdown, and giving head coach jay gruden more to think about. >> i want to evaluate the games and go from there find out how robert's doing. i just made that perfectly clear. i'm not going to announce anything. there's no controversy. we came off a great victory off a very good football team. as far as who is starting every position, we are going to evaluate that as a staff and talk about it. not going to

coming your way, straight ahead. >>> meanwhile, espn suspending kurt schiling after

. >> highlights now from our guys at espn. >> two johns for the price of one, buccigross, anderson. the mets came into sunday night's game and a chance to sweep and get into first place. >> the game was on espn, sunday night baseball. curtis granderson. bottom of the third, this was the inning, this was the whole game. he homered and then daniel murphy crushes one way up there, seventh of the year, 3-1 mets. then cespedes singled and then duda homered. three homers in like five minutes of realtime. that's all noah syndergaard needed. check out this. wow! 99 miles an hour at the kneecaps and the mets just a game back in the loss column to beat the mets. >>> another potential sweep, andre ethier, the dodgers against the angels. a lot of l.a. stuff going on there. bottom eight, we're tied at two. ethier's solo home run off joe smith. that's really his name. we're not just trying to protect the innocent here. dodgers up, 3-2. we go to extras. ethier gets up again. in the tenth, go home. two-run homer, his 12th of the year. dodgers, 5-3, they sweep the angels who have lost six straight,

you just had espn identifying cut costs. presumably when you deal with it, your stock could rally. >> right. the minute they start selling the cost cutting, they're not growing. they're doing this quietly because they don't want people to think we're slipping from double digits to single digits. wait until the negative numbers start showing up. they're highly valued. >> not the mention the profitability of their business. it will warrant a lower multiple. talking about a business that might be going away, coal. >> coal, i was stunned to look at this. i zeroed in on it because of recent bankruptcies. obama came out with the epa regulation. look at some of these stocks. pea body, i think it was 16 a year ago. arch was 33. pea body hit $0.93 this week. this industry is in a downward spiral. it's like fracking. the abundance of natural gas and new solar technologies are wiping this industry out. >> is the government piling on if their plans. do they need to do what they announced this week? >> it was happening anyway. it's just

you guys have talked about streaming espn. i don't think that will happen any time soon but it will be on the contracts with the cable carriers start to expire in 2017. they will dribble little tidbits out because there's so much interest and so much competition but the real -- the softness in the revenues, i think that's the uncertainty of the economies in both europe and china as well as forex. but everything else is firing on all four cylinders. wait until q 4 when "star wars" opens up. it will blow the top off of any opening records at box office. it'll unleash a whole new tore rant of merchandising. anything that bob iger has done with pixar, lucas films, marvel unbelievably intelligent and profitable. they're paying off in spades right now. >> kelly -- >> just one second bill. let me get to julia with more detail. what do you have for us? >> yeah just in terms of disney with a 3% -- i'm sorry, 3 cents than better expected. the revenue coming lighter than wall street expected. it seems like a lot of that is because of wea

the religious group he compared to the nazis, and the tweet that got him suspended from espn. >> first, here is a look at last night's lottery numbers. pea past . >> good morning, phillies kept things a lot closer in game two against the mets last night, old-fashioned anger from the phillies dugout. going to the ballpark, trailing six-an in the seventh. quick pitch, by hanson, now, that's a second night in a row that happened, jeff francoeur said something, but larry bowa said no, no, no, i'll take care of this. larry bowa comes out, he gets ejected, he argues with the umpire, later argued with daniel murphy, phillies still lose it six-five, the eagles, will be facing a better quarterback in this saturday's pre-season game at greenbay, nice test for the eagles playing against aaron rogers, where the starters will be playing likely a half. >> we're looking forward to competing, that's what we want to do, that's what we fight all week for, so the game, so we want get the opportunity to go against the high powered offense, throws the ball aroundment grinding right now during the week, and

what was the reaction from your employer, espn? >> they were supportive and continue to be in many ways. we ran into a bit of a pickup and ended up doing a documentary with pbs frontline which had some complications about it. in the end the book would not have been possible without the support of espn. during the two years that steve and i were working i were working at the book we produced story after story after story that appeared on espn network or espn website so it was really an incredibly supportive effort after one let's take some calls. a lot of viewers have been watching, watch the panel with you want it. we will begin with larry in kansas. please go ahead with your question or comment. >> caller: it is my understanding that sends a texas football lineman this year all-stars are bigger than the pro players in 1998 suggesting what made the most sense was to get people and used, i.e. off of so many drugs. get people who are normal, like they used to be. >> i think there is no question that players are bigger and faster and

according to philly.com palin said that espn is intolerant for suspending him. the republican politician made the statement on facebook. she accused espn of buying into the propaganda of isis and other terror organizations. schilling shared the tweet on tuesday. espn suspended him from little league world series calling the tweet unacceptable. espn has also removed schilling from this weekend's sunday night baseball broadcast. >>> this morning whole foods and wegman's are praising a judge's decision to throw out lawsuits for their advertising for bread. a u.s. district court judge dismissed lawsuits filed by new jersey consumers. it claims that supermarkets like wegmans, acme got them to pay more when they said it was made in the store. the judge questioned how many bread buyers could be identified and dismissed the motion to have a class action status. >>> a makeover for philadelphia's love park. we're learning a little bit more about what changes to expect at the site in center city. they plan to begin a one-year renovation of the park beginning in the spring.

content providers in the united states, such as hbo and cnn and espn and so on. that was still in the age of analog tv. note sincetant to its origins in world war i and world war ii last entry was based on analog technology, meaning a continuous wave representing the tv signal. being in the satellite tv real concernad a that was coming out of japan at the time. if you remember the conventional wisdom was such that japan was rapidly becoming the top global economic power. and it would surpass the u.s.. of what everyone talked about today in terms of china. one of the components of that was japan through nhk had developed the high definition technology. everyone thought that was going to take over the next generation of consumer electronics. in response europe subsidized to the tune of $1 billion to keep japan out. that was another high definition system. there were fatal flaws in the european and japanese effort. they were based on analog high definition technology. seemingly out of the blue we announced the world's first digital high-definition television system.

>>> espn benched a baseball star turned analyst after he shared a message comparing radical muslim to nazi. and now a top congressman is calling that benching a disgraceful show of political correctness by espn. brian kilmeade is here with his special brand of humor. >>> plus, donald trump has been courting evangelicals on the campaign trail and there's no polling suggesting it's paying off. tony per kins is next daughter: do you and mom still have money with that broker? dad: yeah, 20 something years now. thinking about what you want to do with your money? daughter: looking at options. what do you guys pay in fees? dad: i don't know exactly. daughter: if you're not happy do they have to pay you back? dad: it doesn't really work that way. daughter: you sure? vo: are you asking enough questions about the way your wealth is managed? wealth management at charles schwab. >>> developing tonight, the mainstream media may be targeting donald trump on a new issue after polls show the republican front runner picking up support with evangelicals. ap survey out of south carolina showing trump at

espn is fortunate that it's a brand that we believe ports well to any new platform. whether it's smaller bundle. whether it's an over-the-top package of programming. or whether it's a direct-to-consumer business. >> we've had this discussion before, henry. why a stock like this goes from 120 to 101. why structural changes are suddenly unveiled in the course of days, not weeks or months. >> people have been talking about this for years. but in the last few results period, we started to get an indication, hey, we may have hit peak tv and started to pass it. and anybody who says tv is dead is hyperbole. it's not dead. but-day think we've passed its peak and it's likely to go into a decade-long period of secular decline. light newspapers did ten years ago. >> why are consumer products, movies, theme parks, those are all being ignored and people are assuming that disney is simply a bundle company? >> can you go back to disney and make arguments on what the company is worth based on all assets. i think this is a call on the traditional television business. to support what

espn i even ask them. no espn. i can't imagine being in someone's house. i'll pay more than what i'm paying right now for it. i think all this content. i'm not going to sit on netflix watch "sons of anarchy." whatever. >> 30 million people watch hboa. 70 million channel. most people do not take hbo. two on your espn point, do you still watch sports all summer? >> they have golf tournaments on. >> i feed through tv for the final four. if i don't have it you can save lot of money and have a lot more channels. >> you are one of those 200 million. >> i got an internet, a message in my e-mail for some wine rated 93 that was normally $36. the first time i've ever done anything on the internet where i made a move and spent money based on something i saw on the internet. >> it is crazy there is a super bowl size audience on facebook every day. they literally have over 20 million people every day. >> metadata will work. understands the life behind it. those who have served our nation. have earned the very best service in return. ♪ usaa. we know what it means to s

but they highlighted espn. espn is the juggernaut, the biggest cable network by far, the most variable. fewer subscribers this year versus last year. that reduction in subscribers caused them to lower their guidance going forward. think investors said, yes, we know the issue has been out there. we know it is on the margin. when it impacts the growth rate and the numbers for something course,n, and then of media company after media companies said similar things and does my numbers. it fed upon itself and we had a real snowball effect. alix: is it overdone at this point? at what point is it overdone? >> a really frenzied selling over the past couple days and we saw a huge volume. it felt like we had a mad rush to the exit. a little context. coming out of the financial crisis, media stocks have been extraordinary performers. the story has been good and yes, out there,roducing but the fundamentals are too good. you probably shook out a number of investors and probably did not feeling it is to be here long term. i t