Iger is optimistic that consumer spending and an advertising rebound are gaining momentum.
In the ad market, the recovery seems to be both broad-based and long lasting. Disney is seeing major ad gains not just in a single quarter, but several quarter in a row, and the strength comes from multiple sectors: auto, consumer products, retail, tech, telcos, and consumer products.
The fact that it's not one or few businesses coming back, is a good thing.
Disney's parks performance shows a consumer eager to spend — Iger says there's no doubt that consumers feels better about spending money than they did a year ago. He even goes as far as to say that he's seeing more confidence among American consumers than the consumer sentiment numbers suggest. But he's still somewhat cautious, saying that the American consumer still has concerns and suffers from a lack of long-term confidence.
When it comes to Iger's long-term economic outlook, he tells us he's confident that the government absolutely *gets* the importance of creating a good environment for business and understands: "as business goes, so goes the country." Disney's been talking to the administration, and he says "certainly in the last few months, it's been a very positive dialogue." Iger didn't get into the nitty gritty details of what he thinks the administration should be doing that it's not, but said that the White House is taking certain steps recently that reflect the needs of the country.