CNBCยท2025-11-09 17:06Group 1: Government Shutdown Impact - The ongoing government shutdown is affecting investor sentiment, particularly in economically sensitive sectors, with retail stocks down over 7% since October 1 and food-and-beverage ETFs down more than 5% [1] - Historical patterns suggest that disruptions in air travel due to the shutdown may increase the likelihood of a resolution, as seen in previous shutdowns [1] - The lack of government economic data due to the shutdown is contributing to negative consumer sentiment, with JPMorgan's chief global strategist noting that the economy is slowing down but not in recession [1] Group 2: Cisco Earnings Outlook - Cisco Systems is expected to report fiscal 2026 first-quarter earnings with a consensus EPS of 98 cents and revenues of $14.77 billion [1] - Analysts at Morgan Stanley anticipate a revenue beat but caution that guidance may be soft due to the government shutdown and high component costs [1] - Cisco's AI orders exceeded $800 million in fiscal 2025 Q4, indicating strong demand in the data center space, which could support stock performance despite concerns about an AI bubble [1] Group 3: Disney Earnings Expectations - Disney is set to report fiscal 2025 fourth-quarter results, with analysts expecting EPS of $1.05 on revenue of $22.75 billion [2] - The performance of Disney's streaming business, particularly the new ESPN streaming service, will be closely monitored, especially in light of potential subscriber churn related to recent controversies [1][2] - Concerns about the health of the U.S. consumer may impact Disney's theme park and cruise ship bookings, which will be a key discussion point during the earnings call [1][2]