With the ceo bob iger. Joins us with the latest julia. Melissa, thats right dips disney beat revenue and earnings driven by success at the parks and studio the big news is about disneys big bet on streaming with disney plus launching tuesday bob iger announcing in the interview that they have a Distribution Agreement with amazon and lg pmt iger also announcing a new plan to bolster hulu with fx. For the first time fx will be creating original series for hulu in fact we start with four of them four of them in production now and theyll be available on hulu starting in late march were also going to enable viewers to watch fx shows on hulu soon after they have aired on fx a few hours later. Iger announcing that espn plus now has 3. 5 million subscribers, that the addition of over a million over the course of the last quarter now i asked iger if all of disneys investment in streaming threatens to cannibalize the core Media Network business. We dontbelieve what were doing is damaging the bre
Tired affected. Caltrans workers arrived about 3 00 in the afternoon. They blocked three lanes of traffic before beginning repairs. Drivers were busy fixing their tires. Several cars drove through that scene prior to chp arriving there and probably suffered from damage. Our maintenance crews are on scene now filling the pot hole. We do have the left three lanes closed. But were working to get them open as quickly as possible. We appreciate everyones patience as we work to repair the pot hole. Reporter they are encouraging drivers to take alternate routes. Again, plan early, leave early, and be prepared. Live in oakland, henry lee. Use interstate 580 if you can. In the south bay, another person was hit by the light rail train this morning. Officials say a man on a bike went through a pedestrian gate. Hit by a winchesterbound train. Train service was interrupted for about an hour while officials investigated the accident. Witnesses say the pedestrian may have gone past the safety gate. I
Scene now filling the pot hole. We do have the left three lanes closed. But were working to get them open as quickly as possible and we peter everybodys patience. Reporter encouraging drivers to take alternate routes. Big rigs are allowed on eastbound 580 through oakland where theyre normally banned. At this point, it might be two or three hours before the repairs are completely completed. Thats the latest from oakland. Causing big problems tonight for folks driving tonight on 880. We want to take you back now to live pictures from the scene. You see a worker down in that hole as they try to execute those repairs, repair this pot hole at interstate 880 at jackson. Its caused damage to several vehicles already and you know the interstate can get packed at times. This is not helping the rush hour commute. Well keep an eye on this and update you when we learn more. A knife wielding man accused of attacking a woman is under arrest. The bizarre and frightening incident led to an hourslong s
First, to the lead. Tesla is raising money, they have expanded their offering to raise 140 million more than they already have. What will they spend it on . Why are investors excited . I am joined by our panelists. I want to start with why are people so excited . The reason they are spending this money, they are spending it for the growth on the model 3, they are seeing this and see this pentup demand for their products. That sends a strong signal to the market level of growth is coming down the road. That is why people are excited about this. Emily the same time, eric, they made it clear that they will not be able to make as many cars as they thought they were going to make this year, isnt that cause for concern . Eric the development of a vehicle can cost a billion dollars and takes many years. It is not just for the current environment that they are worried about this. It is the development of the model three and other future projects. You need capital well ahead of time to finance
Macro front. Merkel got things moving a bit. Lets take a look at the tenyear note yield. Were right around 2. 4 but off the highs that we saw, almost 237b9 2. 5. We hit it yesterday. Crude oil at the bottom. Lets get to the road map. A change at the top of twitter. Ceo stepping down. Jack dorsey will be the interim ceo and theyll join us for an interview. And the imf walking out on debt walks and Angela Merkel with new comments. What you need to know to trade. First the ceo of twitter is stepping down effective july 1st. Hes going to be replaced by the cofounder of the company on an interim basis. It comes from amid pressure from some investors who have been unsatisfied with the growth rate. Heres what was said last night during a Conference Call. One of the reasons im stepping in is of the belief i have around our direction and our strategy and specifically around the products. I have a lot of context for it as chairman as talking with the team running it and i do believe that it is r