Disney Chairman Talks New CEO, A Musk Mega-Merger, & Palantir's AI Gains 2/3/26

Squawk on the Street

CNBC

News, Investing, Business

4.1 • 567 Ratings

🗓️ 3 February 2026

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla, Jim Cramer and David Faber kicked off the show with news out of Disney: naming its Parks boss, Josh D'Amaro, as its new CEO. Disney Chairman James Gorman joined the team to discuss the news - and what comes next for the media giant. Plus: David brought his own reporting around news Elon Musk's rocket company SpaceX is acquiring his AI company xAI, in what would be the largest M&A deal in history. Around the bells - the anchors discussed how to trade another busy morning of earnings, spanning Palantir's earnings beat, Pepsico price cuts, and even C-suite changes at Paypal and HP Inc. Squawk on the Street Disclaimer

Transcript

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0:00.0	It's Jim Kramer here. You're listening to the opening bell of CBC's Squawk on the Street.
0:04.7	Don't miss a minute of the action. Good Tuesday morning. Welcome to Squawk on the Street.
0:09.7	I'm Carl Kentonia with Jim Kramer and David Faber at Post 9 of the New York Stock Exchange.
0:13.3	Futures mixed once again as earnings roll in from Pepsi, Merck, Palantir. House is going to try to
0:19.3	end this government shutdown this afternoon.
0:21.1	Got succession news at Disney and PayPal.
0:24.3	Ten-year knocking on the door of four-three, golds up 300 bucks.
0:27.8	Our roadmap begins with major change at the top of Disney, the immediate giant, naming its parks boss,
0:33.4	Josh DeMorrow as its new CEO, taking over from Iger in March.
0:37.2	Disney chairman James Gorman joins us first on CBC moments from now to talk about that news.
0:42.4	Plus Elon Musk's SpaceX is buying its AI startup XAI.
0:47.4	It's a deal that values the combined entity at $1.25 trillion and does come ahead of a potential blockbuster IPO for what would now be this
0:57.8	combined company.
0:59.4	And shows the Ballantir Soaring after the company reported a surge in quarterly sales thanks to rising
1:04.6	U.S. defense spending.
1:06.9	Let's get straight to Julia Borsden at Disney headquarters in Burbank.
1:10.8	Morning, Julia.
1:12.8	Good morning, Carl.
1:14.0	That's right.
1:14.3	I'm joined now by James Gorman, the chair of Disney's board, which just announced new CEO in Josh Tomorrow.
1:21.7	Thanks so much for having us here on the Disney lot.
1:24.6	Tell us why Josh tomorrow for Disney's new CEO.
	...

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