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. >>> and nelson peltz dumps disney. >>> and google inks a $2 billion deal in asia. it's thursday, may 30th, 2024. you're watching "worldwide exchange" right here on cnbc. ♪ >>> good morning. welcome to "worldwide exchange." let's get you ready for the trading day ahead. let's start off with the u.s. stock futures facing heavy selling pressure after a rough day for the dow yesterday. the nasdaq with the worst day of the month. it is in the red across the board. let's focus on the dow. the dow would open up 300 points lowe lower right now. a big chunk of the pre-market pressure is dtied to salesforce. it is set to shave 280 points on the dow if the losses hold. it is down 16% right now earnings did beat estimates for the first quarter, but revenue missed for the first time since 2006. guidance for the first quarter fell short of confidence. they are looking at another driver of the trading action today with the first quarter gdp is expected to come in at 1.6%. that led to a sell on wall street. the yields on the benchmark have risen 10 or 15 basis points higher. the
. >>> and nelson peltz dumps disney. >>> and google inks a $2 billion deal in asia. it's thursday, may 30th, 2024. you're watching "worldwide exchange" right here on cnbc. ♪ >>> good morning. welcome to "worldwide exchange." let's get you ready for the trading day ahead. let's start off with the u.s. stock futures facing heavy selling pressure after a rough day for the dow yesterday. the nasdaq with the worst day of the month. it is in the red...
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peltz, david saks. >> how much do you think this is driven by nelson peltz, david saks, and that troop that are having these dinners and elon, you know is being asked to come to them and how much of this is being driven by elon musk saying, hey, david saks and nelson peltz, i want you to set up this dinner and i'm going to co-host it and you guys are going to show up to my dinner? do you see the -- there is a big difference. people need to understand what is going on here. >> i think that's a fair point if elon had not co-hosted the april dinner with david saks, atop the hollywood hills. if he were a random guest, to your point, that might have been the case that this march breakfast gathering in palm beach where he brought his son, barron trump was there, nelson peltz's son was there, the fact that elon co-hosted the april gathering to me shows a marked difference. >> i think he did say, i'm not going to vote for joe biden, did he not? >> he's saying he's not voting for biden. but he hasn't said he wants to -- he's not saying -- he has not said please go out and vote for trump. and he
peltz, david saks. >> how much do you think this is driven by nelson peltz, david saks, and that troop that are having these dinners and elon, you know is being asked to come to them and how much of this is being driven by elon musk saying, hey, david saks and nelson peltz, i want you to set up this dinner and i'm going to co-host it and you guys are going to show up to my dinner? do you see the -- there is a big difference. people need to understand what is going on here. >> i...
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May 7, 2024
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nelson peltz has been trying to take back the direction of disney back to the pre-streaming vertical which bob iger has responded against and proactive in making sure that disney stays on track. the challenge is finding someone else who has that similar commitment to the future. rather than stay in the past and commit to the digital future and use the assets. the the in real life assets. these will be growth areas. someone who understands how to harness the theme park business and real-life assets and international. >> speaking of theme parks, disney revealing a $540 million investment in the theme parks. how do you view the theme isn't that correct we have seen post-pandemic with a surge of people going. since then, we heard so many reports from consumer companies that the consumer is stretched. just to be clear, disney theme parks are expensive. >>that's true, but it is scarce. the big advantage of irl experiences as opposed to dig digital, it is the scarce unique. it is a one huf off. we heard the research that shows consumers are willing to pay a pre premium. the same for disney
nelson peltz has been trying to take back the direction of disney back to the pre-streaming vertical which bob iger has responded against and proactive in making sure that disney stays on track. the challenge is finding someone else who has that similar commitment to the future. rather than stay in the past and commit to the digital future and use the assets. the the in real life assets. these will be growth areas. someone who understands how to harness the theme park business and real-life...
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disney had to fight off a proxy war with nelson peltz. ceo bob iger won that one. investors want to know where the fresh film content is mia. we have greenfield. that's a fair question, is it not. let me start with nelson peltz, is he gone, is he "gone with the wind" or hovering or lurking still. >>> i don't know, liz. you have to ask it. rion or speak with trion i don't know that answer. look, disney's stock is still down a lot from where it was a couple years ago. it is suffering from a lot of the same troubles at that have plagued all the traditional media companies. this is not unique to disney. you if look what is happening with the cord-cutting, change in advertising. wbd stocking later this week. that is warner brothers/discovery. we'll look at paramount. this is tremendous pressure as consumer behavior changes. what i is interesting for disney right now, what you highlighted at the top of the segment, it is more about the content. more than any other country in this sector, the lifeblood of the walt disney company is the content creation. it certainly has b
disney had to fight off a proxy war with nelson peltz. ceo bob iger won that one. investors want to know where the fresh film content is mia. we have greenfield. that's a fair question, is it not. let me start with nelson peltz, is he gone, is he "gone with the wind" or hovering or lurking still. >>> i don't know, liz. you have to ask it. rion or speak with trion i don't know that answer. look, disney's stock is still down a lot from where it was a couple years ago. it is...
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when i look at a guy, like partners nelson peltz, and i look at him siding with trump, right now he has endorsed him, he is going to be giving, you know, a lot of money. he is going to hold a lot of big dollar donors. you know, i just don't get it, right? he is a guy who distanced himself after january 6th, 2021. he said he was disgraced. he said in 2022, he was not going to be voting for donald trump. why is he aligning himself right now with him? he doesn't want the billionaire tax that is never going to happen right? he doesn't want corporate tax rate to go up from 21% to possibly 28%, and they want deregulation right? >> they cannot stand the ftc. they talk about it every day, tomorrow, yesterday, but how about the fact that, not just these two, all of these business guys out there know, the joe biden presidency, look at the stock market, it has been extra ordinary for them. all that president biden is doing on eb subsidies is a grand slam home run for elon musk. none of these guys acknowledge that? >> yeah, well, think about it, we just talked about the stock market, that is not th
when i look at a guy, like partners nelson peltz, and i look at him siding with trump, right now he has endorsed him, he is going to be giving, you know, a lot of money. he is going to hold a lot of big dollar donors. you know, i just don't get it, right? he is a guy who distanced himself after january 6th, 2021. he said he was disgraced. he said in 2022, he was not going to be voting for donald trump. why is he aligning himself right now with him? he doesn't want the billionaire tax that is...
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May 7, 2024
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sonali: is nelson peltz looking at this saying i told you so, or is he saying -- things need to turn around faster, i still hold stock. chris: there's definitely evidence that the improvements in costs and all that from bob iger are working, but when you see the stock market reaction, i'm sure that nelson is going to say somebody should have been in there to, to warn everybody that this slowdown was coming. again, i'm sure he's concerned and it came up on the call, ceo succession. i think the -- sonali: the outlook is the most concerning here, how do executives counter that? >> they will keep trying to execute. they did say that fourth quarter for them would be better in terms of parts. in streaming they have been saying it for years now, the streaming business overall is going to be profitable in the fourth quarter, which will be huge. most of those competitors are not there yet outside netflix. so, that will be a significant turning point. at the same time, you are seeing a real weakness in the traditional tv business. the last quarter in particular, some of these new deals like wi
sonali: is nelson peltz looking at this saying i told you so, or is he saying -- things need to turn around faster, i still hold stock. chris: there's definitely evidence that the improvements in costs and all that from bob iger are working, but when you see the stock market reaction, i'm sure that nelson is going to say somebody should have been in there to, to warn everybody that this slowdown was coming. again, i'm sure he's concerned and it came up on the call, ceo succession. i think the...
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you have investor nelson peltz. they are contemplating investing in a data-driven platform focusing on voter fraud. both of these men, absurd lee successful men, know full well there was no broad voter fraud in the last election and by even floating this to donald trump it is like catnip for his number one conspiracy theory. how vile is it that they are playing this game with him? >> to me they are scoundrels. when i look at a guy like nelson peltz and look at him siding with trump right now, he has endorsed him. he is going to be giving a lot of money. he will hold a lot of donors. i just don't get it. he is a guy who distanced himself after january 6, 2021. he said it was a disgrace. he said in 2022 he would not be voting for donald trump. why is he aligning with him? he doesn't want a billionaire tax that we know is never going to happen. he doesn't want the text to go up and they want de-regulation. >> they cannot stand the ftc. they talk about it every day, tomorrow, yesterday. how about the fact that not just
you have investor nelson peltz. they are contemplating investing in a data-driven platform focusing on voter fraud. both of these men, absurd lee successful men, know full well there was no broad voter fraud in the last election and by even floating this to donald trump it is like catnip for his number one conspiracy theory. how vile is it that they are playing this game with him? >> to me they are scoundrels. when i look at a guy like nelson peltz and look at him siding with trump right...
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i find it a little --i don't know i'm surprised actually we haven't heard from nelson peltz. never shy, right so, i don't know, i doubt he's coming back to do anything aggressive, there's nothing to do the meeting is over. but it's just sort of interesting to me. then we just get back to, all right, well, what is the right price for this company, right? clearly, they have some issues, but they obviously have three tremendous businesses, sometimes they don't all operate on all cylinders at all times i think the valuation here is okay, it's not great i feel like there could be some more downside here >> if you are a believer that the consumer is going to continue to be increasingly strained as the year progresses, that's not a great thing 52% of its operating profit is experiences, which is mostly theme park >> yeah, i don't think we've priced that into disney. i don't think we've priced a slower consumer. i don't think we've priced cyclicality in essentially the media business overall i think what i hear guy and karen saying is that this is -- as much about a tough comp as, yo
i find it a little --i don't know i'm surprised actually we haven't heard from nelson peltz. never shy, right so, i don't know, i doubt he's coming back to do anything aggressive, there's nothing to do the meeting is over. but it's just sort of interesting to me. then we just get back to, all right, well, what is the right price for this company, right? clearly, they have some issues, but they obviously have three tremendous businesses, sometimes they don't all operate on all cylinders at all...
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peltz does does this make you happy or does this make you concerned sure. >> michael we looked at the former president needs cash and elon musk has a lot of cash and he has a lot of friends with a lot of cash. and in many ways, we've seen over the past several months, it's elon musk took over ownership of twitter. now, x, that he's become a many ways a darling of the right and so to have that relationship potentially have a suit no endorsement, if you will, by having this financial backing, i think we're certainly benefit the former president the reporting with from the journal julia's that the pair of held discussions on immigration technology, and science, including the us space force no matter what you think of elon musk i mean, he does control a massive social media platform. >> if he really would be leaning into supporting donald trump, advising donald trump working, i guess i can say if he would lean into really working against a joe biden. joe biden and his campaign, what impact could potentially have a ton, right? >> if musk actually wants to write a check into the pack again,
peltz does does this make you happy or does this make you concerned sure. >> michael we looked at the former president needs cash and elon musk has a lot of cash and he has a lot of friends with a lot of cash. and in many ways, we've seen over the past several months, it's elon musk took over ownership of twitter. now, x, that he's become a many ways a darling of the right and so to have that relationship potentially have a suit no endorsement, if you will, by having this financial...
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May 8, 2024
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there has been a very painful bordering battle with the activist investor nelson peltz, disney won that and now it has to prove it can get back to profitability on a sustainable basis. that is what the market is suspicious about, it is not sure it can make that transition. i sure it can make that transition.— sure it can make that transition. , , , , transition. i guess it is they watch this _ transition. i guess it is they watch this space _ transition. i guess it is they watch this space scenario. l transition. i guess it is they| watch this space scenario. a lot of the unknowns, one of them being the pandemic and the impact on the theme parks, which has been through a really difficult phase. is it a wait and see approach now because the big challenge is some of them have been sorted out. streaming is one big challenge. the second is the transition, how to navigate the transition from the pandemic. everything shut down in the pandemic. then there was a return to normal life, if you like, and people started going back to the theme parks. that is now beginning to slow down in the comp
there has been a very painful bordering battle with the activist investor nelson peltz, disney won that and now it has to prove it can get back to profitability on a sustainable basis. that is what the market is suspicious about, it is not sure it can make that transition. i sure it can make that transition.— sure it can make that transition. , , , , transition. i guess it is they watch this _ transition. i guess it is they watch this space _ transition. i guess it is they watch this space...
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bracing for the disney results after the kitchen sink quarter and defeat of nelson peltz. >>> new ipads and smarter chips. what apple has up its sleeve. >>> and takeover boost the shares of ubs pop after the blowout results. >>> layter, boeing under faire again as regulators open a new investigation. it's tuesday, may 7th, 2024. you're watching "worldwide exchange" right here on cnbc ♪ >>> good morning and welcome to "worldwide exchange. i'm coming to you live from cnbc london thank you for being here with us we kickoff the hour of the u.s. stock futures after the higher session for wall street which saw the dow and russell 2000 close up for the fourth straight session. the the big focus today is two stocks apple hosting the event at 10:00 a.m. today where it is expected to update the lineup of ipads for the first time in nearly two years. apple shares up nearly 1%. disney is out with the results today and answering questions after the kitchen sink first quarter. disney is 50% from the 52-week high and up 17% reporting. disney shares up 1%. we are watching the bond market with the ten
bracing for the disney results after the kitchen sink quarter and defeat of nelson peltz. >>> new ipads and smarter chips. what apple has up its sleeve. >>> and takeover boost the shares of ubs pop after the blowout results. >>> layter, boeing under faire again as regulators open a new investigation. it's tuesday, may 7th, 2024. you're watching "worldwide exchange" right here on cnbc ♪ >>> good morning and welcome to "worldwide exchange. i'm...
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May 30, 2024
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now is a big moment for nelson peltz and disney, the activist investor no longer playing in the mouse house and the biggest sign the activist has ended his war with disney, he has sold all his disney stock at $120 a share according to reports, that yielded the return of one billion dollars, this weeks after his partners lost a proxy battle with disney and seeking to elect himself and disney finance chief, disney shares up 3.4%. and we stand at $101.67. leading investors in the cold with stock tanking 23%. a surprise loss per share, the percentage decline, to cut annual sales and profit forecasts on weaker consumer demand. the higher end ones like macy's down 2.4%. and and footlockers stomping higher by 15. 7% tracking from its largest percentage increase since 2017. locker beat forth quarter profits, the leisa plan include efforts to include its digital business, store experience, loyalty and brand building is showing promising signs now. company reaffirmed its annual guidance expecting same-store sales to grow between one. 3% to overall sales to range from one% decline and 1% gain. s
now is a big moment for nelson peltz and disney, the activist investor no longer playing in the mouse house and the biggest sign the activist has ended his war with disney, he has sold all his disney stock at $120 a share according to reports, that yielded the return of one billion dollars, this weeks after his partners lost a proxy battle with disney and seeking to elect himself and disney finance chief, disney shares up 3.4%. and we stand at $101.67. leading investors in the cold with stock...
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May 7, 2024
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peltz. a sense this accelerated the moves by iger to improve studio performance. >> we will talk to you soon. christina now for a look at the other big names moving into the close. >> reporter: coke up 19% after net sales increased and profitability improved in the first quarter. but the real driver for coca-cola consolidated inc. is the $3.1 billion stock repurchase plan as the market cap for context before the buyback announcement was $8 million and this buyback represents almost 40% of the market cap. shares of consumer health company kenvue are higher after announcing the lamp of 4% of the workforce, they split from johnson & johnson a year ago while they still market brands like listerine and band-aid, the job cuts are as the transition between both firms winds down. the firm also beat on, -- quarterly profit estimates. >> next, the big bounce back at big tech and whether the rebound has staying power. doug clinton is here, find out how he is sizing up the mega cap momentum and the name
peltz. a sense this accelerated the moves by iger to improve studio performance. >> we will talk to you soon. christina now for a look at the other big names moving into the close. >> reporter: coke up 19% after net sales increased and profitability improved in the first quarter. but the real driver for coca-cola consolidated inc. is the $3.1 billion stock repurchase plan as the market cap for context before the buyback announcement was $8 million and this buyback represents almost...
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the latest corporate stories, activist investor nelson peltz has reportedly sold his entire disney steak according to cnbc, citing an unnamed source. his three and found management last month lost its bid to obtain disney board seats -- his tried and -- his trian fund management last month lost its bid to obtain disney board seats. sources say sony is working with another investor of queen's discovered -- discography which could total of $1 million. haidi: take a look at what we are watching across japan. talking about the pressure on -- that these bond yields have been putting on other asset classes including equities. that is playing out with japan. a big move in the 10-year yield, rising to 109.5. the highest since 2011. this is on the back of treasuries extending that slide. a trio of dismal u.s. treasury auctions putting pressure. and there is chatter about how bond yields in japan are rising fast enough to potentially pose a risk to stocks. it is starting to show with equity falling through the use claiming to multiyear highs. and other expectations of a bank of japan rate hike at
the latest corporate stories, activist investor nelson peltz has reportedly sold his entire disney steak according to cnbc, citing an unnamed source. his three and found management last month lost its bid to obtain disney board seats -- his tried and -- his trian fund management last month lost its bid to obtain disney board seats. sources say sony is working with another investor of queen's discovered -- discography which could total of $1 million. haidi: take a look at what we are watching...
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May 29, 2024
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haidi: some other headlines we are tracking, activist investor nelson peltz has reportedly sold his entire disney stake according to cnbc. his fund management last month lost its bid to obtain disney board sheets -- seats. sources say saudi arabia set to launch a secondary offering of shares in oil giant saudi aramco that could raise over $10 billion. we are told the sale could happen as soon as sunday with informal interest all purity -- already being expressed. proceeds will diversify the saudi economy away from oil. conocophillips has agreed to buy marathon. the move expands their footprint in u.s. shale. it also extends a buying spree among major u.s. and oil gas layers. marathon surged following the news. bloomberg is learned sony music is in talks to acquire queen's muted catalog which includes hits like bohemian rhapsody. sony is working with another investor on the purchase, which could total $1 billion. earlier this year sony acquired a half interest in michael jackson's catalog for at least $600 million. coming up in the next hour, our interview with the ceo of link asset managem
haidi: some other headlines we are tracking, activist investor nelson peltz has reportedly sold his entire disney stake according to cnbc. his fund management last month lost its bid to obtain disney board sheets -- seats. sources say saudi arabia set to launch a secondary offering of shares in oil giant saudi aramco that could raise over $10 billion. we are told the sale could happen as soon as sunday with informal interest all purity -- already being expressed. proceeds will diversify the...
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May 3, 2024
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disney shares are up more than 20% since iger retook the helm and he's fended off nelson peltz in a proxy fight. can the magic keep going? >> yes, absolutely. buying the house of mouse, and i have a question of if he actually ever really left. he has a strong vision. he got rid of the proxy, and stopped the fight with florida. they're refocusing on generating good content. they have a solid slate in 2024, but who isn't going to watch wolverine versus dead pool, and then you have mufasa, and the winner. they've got good content on disney plus, and they're figuring out paid sharing and they only have this direction if they can get that creative spark back, if they can get back to being disney, which i think iger is good at, then this stock has a lot of upside. >> all right. so from disney to the final buy, which is under armour. the ceo returned after a month after more than a four-year absence during which they went through two ceo changes. does kevin plank's return play into your bullet thesis? >> it does. i would look at dollar cost with the stock under seven. i don't think this is going
disney shares are up more than 20% since iger retook the helm and he's fended off nelson peltz in a proxy fight. can the magic keep going? >> yes, absolutely. buying the house of mouse, and i have a question of if he actually ever really left. he has a strong vision. he got rid of the proxy, and stopped the fight with florida. they're refocusing on generating good content. they have a solid slate in 2024, but who isn't going to watch wolverine versus dead pool, and then you have mufasa,...
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May 22, 2024
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thank you nelson peltz for doing that. it's now all the way back down where we are inclined to buy more. if you're a club member, then you know this is a very good level. the stock has gotten into cheap. let's go to john in washington. john? >> this is john from beautiful seattle, washington. >> i am feeling chill. >> i'm wondering what your thoughts on rivian, baby. >> okay, my wife wants to pie one. she looked at the stock price and said hey, are they going to be in business? they have a lot of money coming their way. but let's put it like that. all right, how about jackson in north carolina, jack? >> hey, how is it going? >> it's good. it's good. how are you? >> doing pretty good. doing pretty good. >> good. i wanted to be sure. >> sounds good. >> no problem. all right, so what do you think about the future of arm holdings? it wasn't the best. >> no, you're right. but jack, let's give, first of all the stock is up since the quarter. second, i will say this about renee, man. he gave you a good place for that underwriting
thank you nelson peltz for doing that. it's now all the way back down where we are inclined to buy more. if you're a club member, then you know this is a very good level. the stock has gotten into cheap. let's go to john in washington. john? >> this is john from beautiful seattle, washington. >> i am feeling chill. >> i'm wondering what your thoughts on rivian, baby. >> okay, my wife wants to pie one. she looked at the stock price and said hey, are they going to be in...
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May 6, 2024
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the company's heated proxy felt with nelson peltz in the rear view mirror and investors are focused on the health of disney's direct to consumer business, which saw a drop in subscribers last quarter. so, can investors expect disney to deliver in q-1? guy, what's your take? >> well, i think we're past the point of saying they're going to cost cut their way to prosperity. i think they've gotten the b benefit of the double on that one, which is fine. now, it's sort of delivering and what the vision is. i think the stock -- i know the stock has had a significant move, but you're playing a little of the deep end of the pool here if you think you're going to get this thing from $116 to $130 in a straight line. i don't think that's happening. so, i would much rather than say something that disappoints the market and look for it at the mid 100s, $105 or so than to try to buy it here. as i said before, i don't think price cuts are going to capture the imagination of traders right here. >> and, you know, both netflix and disney have been performing well. and disney, everyone counted it out, so,
the company's heated proxy felt with nelson peltz in the rear view mirror and investors are focused on the health of disney's direct to consumer business, which saw a drop in subscribers last quarter. so, can investors expect disney to deliver in q-1? guy, what's your take? >> well, i think we're past the point of saying they're going to cost cut their way to prosperity. i think they've gotten the b benefit of the double on that one, which is fine. now, it's sort of delivering and what...
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May 30, 2024
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nelson peltz. given the state of the country, given what they see from the biden administration, issues we're dealing with here like immigration and antisemitism which all seem much bigger than all of this. they're going to continue to back him. now that he's a felon. >> that's right. when you look at it, i don't know if they're thinking about whether they believe trump in how he says things are rigged regarding the election. or that that process has been rigged. i don't know if they go that far, but they're looking at the state of the country and in their view, things are not going as well as they want it to be. you mentioned what's happening in israel. at the border. and really these are just pushing people into trump's camp. it is to me pretty fascinating. these are some of the same people who cried about when january 6th took place. the people who really were upset when the riot took place on capitol hill on january 6th, 2021. who really denounced what took place. fast forward to today, many of
nelson peltz. given the state of the country, given what they see from the biden administration, issues we're dealing with here like immigration and antisemitism which all seem much bigger than all of this. they're going to continue to back him. now that he's a felon. >> that's right. when you look at it, i don't know if they're thinking about whether they believe trump in how he says things are rigged regarding the election. or that that process has been rigged. i don't know if they go...
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May 30, 2024
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shares of disney, nelson peltz selling his disney stake weeks after losing the proxy battle. stock up a little more than half a percent. >> busy morning in data between claims and gdp and pending homes. let's get to diana olick. good morning. >> good morning, carl. pending home sales dropped 7.7% in april compared with march. the street was looking for basically flat. sales down 7.4% year over year. this count is based on contracts signed during the month at that month's mortgage rates. the average on the 30-year fix ended march 6.9% and took off hitting 7.5% by the end of april with prices still climbing and supply very low, leading to increased competition, that jump in rates was a huge factor. sales are down in every region of the country but fell the hardest in the midwest and west, which is interesting because the midwest has some of the most affordable markets and the west the most expensive. so mortgage rates eased up a little bit in may but are rising againnow. another report out from redfin said the share of sellers doing price cuts hit 6.4%, the highest level since
shares of disney, nelson peltz selling his disney stake weeks after losing the proxy battle. stock up a little more than half a percent. >> busy morning in data between claims and gdp and pending homes. let's get to diana olick. good morning. >> good morning, carl. pending home sales dropped 7.7% in april compared with march. the street was looking for basically flat. sales down 7.4% year over year. this count is based on contracts signed during the month at that month's mortgage...
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May 30, 2024
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>>> activist investor nelson the peltz has sold his enter stiake in disney for $1 billion. multiple other outlets are reporting the same since cnbc broke the news. this comes weeks after peltz's partners were defeated in the proxy battle with the disney board seats. disney did not return cnbc's request for comment. >>> and salesforce shares plunging down 16% after the software company posted a first quarter revenue miss. its first since 2006 and provided weak er than expected guidance. the company saw budget scrutiny as revenue rose 11% on the year. ceo marc benioff told cnbc this is still an exciting year for the company. >> we are holding guidance at $38 billion which has been incredible for us. what we see happening is not only an amazing transformation in the core financials, but the a.i. transformation as well. you will see incredible new can customer stories with companies transforming with a.i. with fedex and air india and paychex. >>> and abercrombie reported a 22% sales jump with profits seven times higher for the period. american eagle tslipping in trae after the
>>> activist investor nelson the peltz has sold his enter stiake in disney for $1 billion. multiple other outlets are reporting the same since cnbc broke the news. this comes weeks after peltz's partners were defeated in the proxy battle with the disney board seats. disney did not return cnbc's request for comment. >>> and salesforce shares plunging down 16% after the software company posted a first quarter revenue miss. its first since 2006 and provided weak er than expected...
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May 28, 2024
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. >> nelson peltz felt the same way in '85. >> not really moving shares of imax amc was up 5%. >> that's a meme stock people don't realize they're useful idiots, to keep the company alive. >> what do you term the people sending nvidia up another 5% we're talking about it now approaching 2.8 trillion in market value i want to keep in mind, that would exceed everything other than apple and microsoft in terms of market value. nvidia, near $2.8 trillion >> david, if you're going to take over the world, you should get a higher valuation. >> i guess. >> only $7 trillion to go. >> blackwell, david, kind of like plastics. blackwell. >> by the way, the next version -- i remember when jensen -- he was musing about something and i was trying to pin him down well, there's a 20-year plan here it started 20 years ago. it's not like he woke up and said let's do this in 2004 he had this plan. >> no shortage of capital going toward any startup made up of former nvidia engineers who say they're going to be able to do something to compete >> going to have so much capital. when ithrew out the first ball i s
. >> nelson peltz felt the same way in '85. >> not really moving shares of imax amc was up 5%. >> that's a meme stock people don't realize they're useful idiots, to keep the company alive. >> what do you term the people sending nvidia up another 5% we're talking about it now approaching 2.8 trillion in market value i want to keep in mind, that would exceed everything other than apple and microsoft in terms of market value. nvidia, near $2.8 trillion >> david, if...
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May 2, 2024
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oh, geez >> they report next week >> would have been a lot -- actually -- >> nelson peltz, where are you >> please, what are you talking about? that stock is up 22% this year, and i would assume next week -- >> don't get distracted. don't do this -- >> oh, i will get distracted >> don't do this alinear thinking >> only one of us can do that? >> the problem with starbucks is they have a big throughput problem. they have a mobile order, and you have to wait for it because it's too crowded now, you can say, well, too crowded is a positive whithing. i'm saying, it doesn't matter. when numbers are going down, you can't say that service is getting better because the numbers don't let you. what would i have done -- i would say, look, we have to rethink. the numbers are going down we had a worse quarter than the previous quarter, and we're going to solve the problem but we didn't do a good job. you know what happens when you say that to me >> i think i just found out. >> i say, thank you, sir thank you. let's figure out together how to get it better. that's all i wanted was a recognition of
oh, geez >> they report next week >> would have been a lot -- actually -- >> nelson peltz, where are you >> please, what are you talking about? that stock is up 22% this year, and i would assume next week -- >> don't get distracted. don't do this -- >> oh, i will get distracted >> don't do this alinear thinking >> only one of us can do that? >> the problem with starbucks is they have a big throughput problem. they have a mobile order, and...
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May 6, 2024
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peltz behind him. now iger isunder pressureto continue to turn around disney's stock. the stock is up 26% this year. though still down about 40% from highs in 2021. now, on iger's agenda, getting the company's studio back on track. after a downturn last year. but the two most important areas in focus are disney's parks and streaming divisions. disney's parks and any commentary about summer bookings could provide a valuable window into the state of consumer spending. while investors also look for updates on iger's plan to invest $60 billion in the parks and resorts division over the next decade. for streaming we're looking for updates on disney's expectation that the division will break even this year. we're also looking for details on the coming streaming venture as well as flagship app set to debut next year. redburn, a sell on disney, says paid sharing should be a material benefit for disney, albeit less so than for netflix. that's another factor. with a proxy battle seen as accelerating iger's key c
peltz behind him. now iger isunder pressureto continue to turn around disney's stock. the stock is up 26% this year. though still down about 40% from highs in 2021. now, on iger's agenda, getting the company's studio back on track. after a downturn last year. but the two most important areas in focus are disney's parks and streaming divisions. disney's parks and any commentary about summer bookings could provide a valuable window into the state of consumer spending. while investors also look...