[Music] Welcome to Market Catalyst. I'm Julie Hyman. We are 30 minutes into the US trading day.Let's get to the three market catalyst we're watching this hour. First up, full coverage on the Fed as the central bank kicks off its rate cutting cycle. Plus, Nvidia and Intel striking a deal.We'll break down what it means for both chip companies. And we get a read on the state of the consumer as Olive Garden parent reports earnings. We'll break down those numbers.Plus, let's get a check of the markets right now. ...

FCC Chairman Brendan Carr was named the position by President Trump last year after rising through the ranks at the agency. He's long spoken out against government censorship and for the freedom of speech. In 2019, Carr posted on social media, quote, should the government censor speech it doesn't like.Of course not. The FCC does not have a roving mandate to police speech in the name of the public interest. In 2021, he wrote, quote, "A newsroom's decision about what stories to cover and how to frame them sho ...

Group 1 - Democratic leaders in the U.S. House have called for the resignation of the chair of the Federal Communications Commission (FCC) [1] - The call for resignation follows the chair's pressure on Walt Disney and ABC affiliates to stop airing "Jimmy Kimmel Live!" [1]

Disney’s ABC network is taking Jimmy Kimmel Live off the air indefinitely amid a backlash to remarks the late-night host made about the killing of Republican activist Charlie Kirk https://t.co/xTBkld45St📷: Randy Holmes/Disney/Getty Images https://t.co/YxpV5yBnR8 ...

The decision comes as Republican President "'Jimmy Kimmel Live' will be pre-empted indefinitely," an ABC spokesperson said, without elaborating. Earlier, Nexstar Media Group Inc, which describes itself as the nation's largest local television and media company, said it would stop airing the show on its 32 ABC affiliates, citing Kimmel's comments. "Mr. Kimmel's comments about the death of Mr. Kirk are offensive and insensitive at a critical time in our national political discourse," said Andrew Alford, pre ...

We have breaking news. ABC has just announced here that they will be preempting uh the very well-known show Jimmy Kimmel Alive indefinitely. That's confirmed by ABC.And it comes at a very tense time with many of the issues we've been covering tonight. There was a backlash on the right because Jimmy Kimmel after the Charlie Kirk shooting made the statement that he viewed quote new lows with the MAGA gang desperately trying to characterize this kid who murdered Charlie Kirk as anything other than one of them ...

Walt Disney’s ABC network is taking Jimmy Kimmel Live off the air indefinitely amid a backlash to remarks the late-night host made about the killing of Republican activist Charlie Kirk. https://t.co/WJmADyX12V ...

Core Viewpoint - CBS' decision to end "The Late Show with Stephen Colbert" reflects broader challenges in the late-night television landscape, with implications for the future of traditional TV as streaming and changing consumer habits reshape the industry [1][6][19]. Industry Context - The cancellation of Colbert's show is seen as a potential indicator of the decline of late-night TV, especially as Disney's decision on "Jimmy Kimmel Live" looms [2][6]. - The production costs for late-night programs have increased significantly due to the rise of streaming services and changing viewer preferences, leading to a loss of advertising revenue as traditional pay TV subscriptions decline [7][10]. Financial Performance - "The Late Show with Stephen Colbert" employed around 200 people and incurred annual losses of approximately $40 million, similar to "Jimmy Kimmel Live," which employs about 250 people [11]. - Paramount reported a 21% decline in first-quarter TV advertising revenue to $2.04 billion, largely due to the absence of the Super Bowl, with overall revenue for its TV segment down 13% [14]. - Disney's domestic linear networks saw a 3% decrease in quarterly revenue to $2.2 billion, attributed to lower ad revenue, although ESPN and sports-related advertising revenue increased [16]. Viewership Trends - Colbert's show averaged roughly 1.9 million viewers during the September-to-May period, with a significant portion of the audience over 65 years old, indicating a demographic shift in viewership [21]. - Kimmel's viewership also declined, averaging nearly 1.6 million viewers in the most recent period compared to previous years [22]. Strategic Decisions - CBS' cancellation of "The Late Show" has raised questions about whether alternative cost-saving measures could have been explored, as other networks have made adjustments to retain late-night programming [24].