might be down a little. That might be why the Dow I'm sorry, but that might be why the Dow is a little bit negative at this point. >> We've got him Disney reporting fourth quarter results just moments ago.We're going to get to walk through all of this. Here's what happened. Earnings at $1.11% a share $0.06% better than estimates.Revenue coming in at $22.5% billion. Now that was slightly below expectations. And as Joe mentioned the man is here.Joining us first on CNBC Hugh Johnson's the Disney CFO. Also with ...

Ray Wang, Constellation Research chairman and AI Forum co-founder, joins 'Squawk Box' to discuss the state of the tech sector, old tech vs. new tech, AI sector growth outlook, and more. ...

Labor Market Analysis - The government shutdown in October has created uncertainty regarding the availability and quality of key economic data, specifically inflation and employment figures [1][2] - November employment data collection is delayed and may be of questionable quality due to the Thanksgiving holiday, impacting market understanding of the economy's health [3][4] - Alternative indicators suggest the labor market is holding up, with Brailio Labs showing an increase in total non-farm payrolls and jobless claims remaining low [5][6] - The economy is likely still performing adequately, but a clearer picture may take another month to emerge due to data collection disruptions [6] - Economists are widening their data sources due to the unavailability of regular data from the BLS, CPI, and non-farm payrolls [9] Economic Risks and Federal Reserve Implications - The consensus among economists leans towards labor weakness as a greater risk than higher inflation in the coming months [9] - Job growth slowdown in the past 6 months may be attributed to slowing immigration, impacting labor supply rather than labor demand [10][11] - The Federal Reserve published a paper expecting job growth over the next 12 months to be 30,000, a significant decline due to slowing immigration [12] - The Federal Reserve's ability to address the situation is limited if the issue is labor supply, as opposed to labor demand [13]

Graig Suvannavejh, Biotech & Biopharma Analyst at Mizuho Securities, says biotech’s surge is driven by strong M&A, innovation, capital access, and clearer FDA dynamics, with later-stage firms best positioned. ...

Market Sentiment & Economic Outlook - The market values certainty, and the end of the government shutdown, coupled with the holiday season, creates positive momentum [2] - Despite the unknown economic impacts of the government shutdown, markets are near record highs [1] - Alternative data sources, such as Door Dash data, are being used to understand market trends [4] - Expect volatility to remain a constant factor in the market, similar to the 20% bare market correction earlier in the year [5] AI & Technology Sector - The AI trade has been a significant driver for the markets [7] - There's an insatiable appetite and unlimited spending to build the infrastructure for AI [9] - Discrepancies between investor expectations and the realities of AI infrastructure spending can lead to volatility [9] - Long-term growth is expected in the AI sector, despite potential volatility [10] Client Expectations - Setting realistic expectations for clients is crucial, acknowledging the potential for both great and flat years [4][7] - Controlling expectations regarding volatility is important when managing client funds [6]

Monetary Policy - Boston Fed President Susan Collins advocates holding interest rates steady due to persistent high inflation and data scarcity caused by the government shutdown [1] Regulatory Scrutiny - The Federal Trade Commission (FTC) is investigating Institutional Shareholder Services (ISS) and Glass Lewis for potential antitrust violations related to their influence on shareholder votes [2] Mergers and Acquisitions - Packaging giant Sealed Air's shares are surging in pre-market trading amid reports of buyout talks with Clayton Dublier and Rice to go private [3] - Before the pre-market surge, Sealed Air shares were up approximately 10% year-to-date [3] Technology - BYU is introducing new AI processors and supercomputing products, emphasizing domestically controlled computing power [2]

Financial Performance - Disney's adjusted earnings per share were A11, exceeding estimates by 6 cents [1] - Revenue reached $225 billion, slightly below expectations [1] - Sports revenue was nearly $4 billion, roughly in line with expectations [2] - Disney is doubling its buyback target to $7 billion [3] - The annual dividend is being raised to $150%, up from $1 [3] - Disney anticipates double-digit EPS growth for 2026 and 2027 [4] Subscriber Growth - Disney Plus paid subscribers increased by 38 million over the prior quarter, reaching 1316 million, surpassing the estimate of 1297 million [2] - Hulu paid subscribers were 641 million at the end of the quarter, also topping estimates [3] Other Key Developments - Disney is engaged in a significant dispute with Google, the owner of YouTube TV [4]

Government & Policy - US government reopens after a 43-day shutdown following President Trump signing a funding bill [1] - Economic data missed due to the shutdown, including the October CPI and jobs report, may never be released [1] - Supreme Court to hear oral arguments on January 21st regarding President Trump's authority to fire Federal Reserve Governor Lisa Cook [2] Technology & AI - Alibaba is reportedly preparing to overhaul its flagship AI apps to be more like OpenAI's ChatGPT, aiming for fully functioning AI agents [2] Economy & Finance - US is ending the production of the penny after more than 230 years [2]

Market Performance & Trends - S&P futures and NASDAQ are slightly up, with NASDAQ up by approximately six points [1] - The Dow Jones Industrial Average has reached new record highs, closing above 48,000 [1] - NASDAQ is just over 2% away from its all-time high [2] - The market exhibits a tendency to trend upwards, with new highs often leading to further highs [3] Earnings & Profitability - With 90% of results in, companies have demonstrated an average topline growth of 8% and bottom line growth of 12%, indicating increased profitability [6] - Earnings growth was widespread across 10 of 11 sectors [6] Hyperscaler Leverage & Debt - Hyperscalers are generally underlevered and have the flexibility to increase debt on their balance sheets [7][8] - Some hyperscalers are borrowing at rates close to the US government rate, indicating market support for their debt [9] Risks & Vulnerabilities - The interconnectedness of deals and the syndication of debt among a focused number of companies pose a potential vulnerability for the markets [11] - It is difficult to discern who will bear the risk if deals do not perform as expected, requiring close monitoring of escape clauses in private contracts [11][12][13]

Welcome back to Spotbox. A sports betting player FanDuel partnering with derivatives marketplace CME Group in a predictions market platform that's now set to be released next month. It's going to allow users to bet on financial metrics and sports outcomes even in places where sports gambling is illegal.Now, prediction markets are federally regulated and considered trading platforms, not gambling platforms. the CEO of FanDuel's parent company, telling Jim Kramer that the sports prediction product won't be av ...