November 13, 2025 11:52 PM GMT Damai Entertainment Holdings Ltd | Asia Pacific M Update Revenue Beat on IP and Live Content Business Reaction to earnings Strengthens our thesis Modest upside Modest revision higher Impact to our thesis Financial results versus consensus Direction of next 12-month consensus EPS Source: Company data, Morgan Stanley Research Key Takeaways Total revenue for 1HF26 was Rmb4.0bn, up 33% yoy and 11% hoh, topping MSe by 4% and consensus by 6%. By segment: Segment results (please see ...

Market Overview - The U.S. government has reopened after a 43-day shutdown, which had raised investor concerns and disrupted economic data flow [1] - A growing number of Federal Reserve policymakers are hesitant about further interest rate cuts, with market odds for a December reduction now near even [1][12] - Inflation concerns and signs of stability in the labor market are influencing Fed officials' views on interest rates [1][12] Stock Performance - Major tech stocks experienced significant declines, with Nvidia down 4.7%, Tesla down 7.6%, and Broadcom down 5.4% [5][12] - The S&P 500 fell 1.62% to 6,739.60 points, the Nasdaq declined 2.48% to 22,825.50 points, and the Dow Jones Industrial Average decreased 1.38% to 47,590.87 points [6][12] - Eight of the eleven S&P 500 sector indexes declined, with information technology leading the drop at 2.74% [6][12] Sector Rotation - Cisco Systems saw a rally of about 5% after raising its full-year profit and revenue forecasts, indicating strong demand for networking equipment [7][12] - There is a noticeable market rotation away from technology stocks, with the S&P 500 value index gaining approximately 1.4% this week, while the growth index dipped 0.7% [7][12] - Walt Disney's shares tumbled 7.7% amid concerns over a prolonged dispute with YouTube TV regarding cable channel distribution [8][12] Employment Data - Recent data from ADP indicated that private employers shed over 11,000 jobs weekly through late October, and retail-related job postings dropped by 16% year-over-year in October, suggesting ongoing labor market weakness [8][12] Rate Cut Expectations - Traders are currently pricing in a 47% chance of a 25-basis-point rate cut in December, a decrease from the previous week's 70% probability [9][12] Company-Specific Developments - APA Corp gained 3.2% following reports that Spain's Repsol is considering a reverse merger of its upstream unit with potential partners [9][12] - Memory device manufacturers Western Digital and SanDisk saw declines of 3.1% and 10.7%, respectively, after Kioxia Holdings reported lower sales and profits [9][12] Market Dynamics - Declining stocks outnumbered rising ones in the S&P 500 by a ratio of 1.8-to-one, with the S&P 500 posting 15 new highs and 6 new lows, while the Nasdaq recorded 51 new highs and 178 new lows [10][12]

Disney shares tumbling almost 8% today. Its worst day since April. The media giant reporting better than expected earnings before the bell, but missing on revenue.Disney's TV networks and movie business weighing on results. The company is also in a carriage dispute with YouTube TV. CNBC founder and current contributor Tom Rogers joins us now with his reaction.Tom was the first president of NBC cable and is now senior adviser to Versent Media, which will soon become CNBC's parent company. Tom, it's always gr ...

Warner Bros. amended the contract of CEO David Zaslav to ensure his stock options remain eligible to vest even if the media company is sold. https://t.co/2qg0PnYz3B ...

Disney CEO Bob Iger said the company is "working tirelessly" to close a deal with YouTube TV to limit the disruption to subscribers.  "We’re trying really hard, as I said, working tirelessly, to close this deal, and we’re hopeful that we’ll be able to do so on a timely enough basis to at least give consumers the opportunity to access our content over their platform," Iger said on a company's earnings call with investors Thursday. Echoing the company's earlier comments, Iger told investors that Disney's deal ...

Core Insights - Bank of America has identified AT&T among 16 stocks recommended for investors seeking diversification away from AI-related investments [1][8] - The selected stocks are believed to be undervalued, have seen profit estimates raised in the last three months, and are trading at least 10% below their 52-week highs [2][8] Consumer-Focused Stocks - Notable companies include AT&T, Walt Disney Co., Dollar General, and Viking Holdings, which are familiar to American consumers [4][8] - Disney is expected to benefit from its sports offerings and theme parks, while AT&T has exceeded phone subscriber estimates, indicating potential growth [5][8] Financial and Logistics Stocks - KeyCorp and Progressive are highlighted, with Progressive showing strong positive revisions in earnings per share estimates [10] - BGC Group is noted for its dominant position in energy derivatives, and J.B. Hunt Transport Services is recognized for effective cost-cutting measures [11] Industrial and Energy Stocks - Analysts have identified natural gas and energy stocks like Eversource Energy and Oneok, along with Freeport-McMoRan, which is expected to recover from recent operational issues [12] - Industrial firms such as Amcor are considered undervalued following recent acquisitions and leadership changes [13]

Key TakeawaysThe U.S. has reported significant trade advancements with Taiwan and anticipates full agreements with most countries within two weeks, including deals that will open markets for U.S. agricultural and industrial goods in Argentina, Ecuador, El Salvador, and Guatemala.Media powerhouses Paramount Global (PARA), Comcast (CMCSA), and Netflix (NFLX) are reportedly preparing bids for Warner Discovery's (WBD) assets as the auction process aims for completion by year-end.Wall Street experienced a notabl ...

Exclusive: Paramount, Comcast and Netflix are preparing bids for Warner Bros. Discovery https://t.co/AGHNE40GGr ...

bring in Barton Crockett who's a senior analyst at Rosenblat Securities along with Julia Boren. I always love it when we get to sit at the same table together. Julia, let me ask you, when they're talking about being broad, are they trying to be all things to all people at all times.>> I think it's really about general entertainment that's founded with its sort of origin on this this family brand of Disney. And if you look at the strength of this new bundle, they said of new subscribers to their ESPN app, th ...

Ahmetov_Ruslan/iStock via Getty Images Listen below or on the go on Apple Podcasts and Spotify Burry wound up his fund just days after disclosing bets against AI trade. (0:15). Disney tumbles on TV, film weakness. (1:55) AI trade could kill buybacks. (3:39) This is an abridged transcript of the podcast: Our top story so far, from Big Short to Big Mystery. Michael Burry has wound up his hedge fund, Scion Asset Management, just days after making waves by betting against the AI trade. Scion terminated i ...