Shanghai Disney set to open: what it means for the stock

who:  not given

what:Shanghai Disney Resort is set to open 

where:Shanghai Disney 

when:on June 16th 2016

why:not given

how:not given

Mickey Mouse is heading East.

Shanghai Disney Resort is set to open on June 16th after more than five years of construction.

The $5.5 billion park is the first of its kind. Rather than have the familiar "lands" of Disney World, the resort will instead focus on Disney franchises and movies like Pirates of the Caribbean and Tim Burton's Alice in Wonderland.

The park's completion comes during a time of uncertainty for the Mouse House. Succession fears have plagued the company since Bob Iger's heir apparent Thomas Staggs stepped down in April, and slowing subscriber growth at ESPN continues to weigh on the company's bottom line.

On the "Halftime Report" the desk debated whether Disney's pullback creates a buying opportunity -- or if there are further woes ahead.

Steve Weiss has a hold on Disney for now because while he believes in the company's management team, he thinks ESPN and cord-cutting issues could further pressure the stock.

"You don't bet against smart people and great CEOs like Bob Iger...however, under the covers...you still have ESPN issues, ABC issues, and cutting the cord," Weiss said on the "Halftime Report".

Bob Iger's successor will have big shoes to fill--the stock is up 260% since he took over in March of 2005. Iger's one-time heir apparent Thomas Staggs announced his intended departure from the company earlier this year, which means investors have no clear idea of who will take the reins.

Jon Najarian isn't buying the stock until the succession plan is clear.

"Until we know who that person is that the board will support...it's something that will introduce more volatility into an otherwise great stock," Najarian argued.

Disney shares are down 7% year-to-date and Pete Najarian, who owns the name, thinks the pullback presents an attractive buying opportunity.

"Whenever we've gotten beneath $100, I think it's been a buy, and I continue to think it's a buy, and I think the ESPN thing continues to be way overblown," Najarian said.

On the other hand, Joe Terranova isn't jumping in just yet, and certainly not until next quarter's report. He noted that "the last quarterly report was the first EPS miss in 19 quarters," so he will be watching next quarter's revenue breakdown carefully.

Trader disclosure: On June 9, 2016 the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Halftime Report" were owned by the "Halftime Report" traders:

Joe Terranova: Long BLK, DPZ, FB, IWM, NXPI, ORCL, PNC, VIRT, VRTS

Steve Weiss: Long AAL, AGN, ATVI, BAC, CVC, DAL, ENDP, HZNP, NGL, SRPT, VXX

Jon Najarian: Long PEP. Long calls BURL, FB, GDX,GLD, HPE, MO, MSFT, RTN, WFM, WFT, YHOO. Long puts: EWZ

Pete Najarian: Long AAPL, BAC, BMY, CSCO, DIS, DISCA, GE, KMI, KMI.A, KO, LUX, MRK, PEP, PFE, SAVE, VIAB, ZIOP. Long calls: AAL, ABBV, AKS, AMJ, BAC, C, CHK, CSCO, CSX, DAL, EGO, EWZ, GLW, GS, GSAT, HBAN, KGC, LLY, M, MDLZ, MSFT, MT, MU, NLNK, P, SBUX, SLV, SVU, TMUS, UAL, WYNN, X, YHOO. Long puts: BID, FCX, GM, NAV, SCTY, VLO

http://www.cnbc.com/2016/06/09/shanghai-disney-set-to-open-what-it-means-for-the-stock.html

keywords:

franchise:經銷權,特權

Succession:一連串,一系列

plague:災難,苦惱

heir:繼承人

pullback:阻礙,障礙

cord-cutting:剪線族(泛指受夠電視月費而終止訂閱的一群人)

rein:掌控,控制

volatility:易變,反覆無常

overblown:過時的

disclosure：揭發,透漏,公開

​Appeals court: Grand jury records in Eric Garner case stay sealed

Who: Eric Garner

What: An appeals court says the public can't see the testimony a grand jury heard 

Where:not given

When:not given

Why:not given

How:not given

NEW YORK -- An appeals court says the public can't see the testimony a grand jury heard before declining to indict a police officer in the chokehold death of Eric Garner.

A state Supreme Court Appellate Division panel ruled Wednesday. A lower court judge declined in March to release the testimony, citing longstanding principles of grand jury secrecy.

City Public Advocate Letitia James and legal groups said they'll appeal and keep fighting to make the information public.

They say people need a clearer view of how grand jurors reached their decision in a case that ignited widespread protests about police conduct.

"Secrecy breeds suspicion, and sunshine really is the best disinfectant," James said in May.

Garner died on July 17, 2014, in a controversial confrontation caught on cell phone video with police on Staten Island. The medical examiner ruled his death a homicide.

In December, a grand jury declined to indict NYPD officer involved, Daniel Pantaleo, and protests erupted on city streets.

Civil liberties lawyers had argued that the public needed to reconcile the widely watched video of the Garner arrest with the decision not to indict the cop involved.

But during oral arguments in May, Justice John Leventhal asked NYCLU attorney Arthur Eisenberg why he wanted to look at just one grand jury to change the whole system, CBS New York reported.

"Why aren't we looking at a number of grand juries, how the grand jury works?" Leventhal asked. "More information is better than less. And I think what has happened here is that the Garner grand jury and the perception of unfairness has driven the conversation."

The Staten Island district attorney's office argued against releasing the information, noting that grand jurors and witnesses expect confidentiality.

http://www.cbsnews.com/news/appeals-court-grand-jury-records-in-eric-garner-case-stay-sealed/

Keywords :

appeals court :上訴法院
testimony :證詞
grand jury :陪審團
decline to:婉拒
Advocate:辯護者，律師
conduct:處理
conduct:消毒劑
homicide:殺人犯
erupt:爆發
reconcile :調解，調和
attorney:律師
 perception :觀念，看法