Disney CEO Speaks, AMD CEO Exclusive, Trade Hopes and the Fed 5/7/25

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 7 May 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla, David Faber and Mike Santoli covered a lot of news for investors to digest: Disney shares in rally mode after the company posted better-than-expected quarterly results -- and announced plans for a new theme park and resort in Abu Dhabi. You'll want to hear what Disney CEO Bob Iger told David. In a CNBC Exclusive, AMD CEO Lisa Su joined the program to discuss earnings, AI and the impact of U.S. curbs on chip exports to China. Also in focus: Stocks rise as the U.S. and China agree to trade talks, Fed decision day, Uber shares fall on a revenue miss. Squawk on the Street Disclaimer

Transcript

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0:00.0	Market moving insight and analysis join Jim Kramer, David Faber, and me, Carl Kaintena,
0:05.0	on the opening bell hour of CNBC Squawk on the Street.
0:08.0	Good Wednesday morning, welcome to Squawk on the Street. I'm Carl Cantonia with David Faber,
0:12.0	Mike Santoli, Post 9 of the New York Stock Exchange. Kramer has the morning off.
0:16.0	Stokes get a bounce on this news that Besson Greer will head to Geneva this week
0:20.0	for what's
0:20.9	being dubbed an icebreaker with their Chinese counterparts over trade. Fed decision at 2 p.m.
0:26.0	Eastern and more guidance cuts today from Novo, SMCI and others. Our roadmap begins with these
0:31.3	China talks. Futures bouncing on the news, the Treasury Secretary, and the top trade official
0:35.7	Jameson Greer will meet their counterparts in
0:38.0	Switzerland this week.
0:39.1	Plus, shares of Disney are rallying this morning.
0:41.4	The company reported a perhaps surprising uptick in the number of streaming subs.
0:45.8	Also announced its plans to build a new theme park and resort in Abu Dhabi.
0:50.1	We're going to bring you more of my exclusive conversation with CEO Bob Eiger.
0:53.7	That'll be in just a few minutes.
0:55.3	And keep an eye on the shares of AMD.
0:57.2	The company dots stronger than expected first quarter results.
1:00.4	Its CEO Lisa Sue will join us exclusively later this hour.
1:04.7	Let's begin with the markets, trade and decision day for the Fed.
1:08.3	Interesting news about going to Switzerland, Mike. Although at the same time,
1:11.9	the EU continues to say they're going to ready some countermeasures in the event that their talks
	...

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