Chinese officials will be in Washington on Wednesday to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Disney is set to release its own streaming service, Disney+, on Nov. 12, and on the same day it will offer a deal bundling Disney+, ESPN+ and Hulu, the company announced on Tuesday.
According to Disney CEO Bob Iger, the fact that the two companies landed on the same price is a coincidence.
"I know there's a lot that's been speculated about us going after them," Iger said in an interview with CNBC's Julia Boorstin. "We're not, we're looking to occupy space. That's a growth opportunity for the company and growth in terms in terms of consumption."
"We've always believed there's plenty of room for both of us to thrive in this marketplace," Iger continued.
Iger said the goal for launching the Disney+ service is to quickly get the number of subscribers as large as possible. On a call with analysts, he said $12.99 is "a good price."
"Basically, sign up as many subscribers as possible and get them into the service, and give them a chance to enjoy the great intellectual property and product that will be part of that service," Iger said.
"We thought this bundle was great step in achieving that goal."
If purchased separately, Disney+ costs $6.99 per month, Hulu costs $5.99 per month and ESPN+ costs $4.99 per month — that's $17.97 total. Netflix's basic service cost $8.99 a month.
Iger added that although the bundle may cost significantly less than if someone were to subscribe to all three services separately, there are hidden economic benefits to Disney because the Hulu subscription included in the bundle is ad supported, giving it another source of revenue.
"If this bundle serves to grow Hulu subscribers more aggressively, that will be very valuable on the advertising side," Iger said.
The competition in the streaming service market is heating up. In addition to Disney and Netflix, Apple says its service will launch this fall, and NBCUniversal plans to launch a service in 2020 with an ad-free version that costs about $12 a month.
Disney is banking on the properties it owns, including Star Wars, Marvel and assets from 21st Century Fox to distinguish it from the rest of the pack.
"We think we're uniquely positioned because of the content, because of the brands," Iger said.
Disclosure: NBCUniversal is the parent company of CNBC.