Disney Gains
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 9 February 2023
⏱️ 10 minutes
🧾️ Download transcript
Summary
Our links:
Wall Street Breakfast: seekingalpha.com/wsb
Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.
Seeking Alpha Premium: https://seekingalpha.com/premium/getting-started
A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.
Alpha Picks: https://seekingalpha.com/alpha-picks/subscribe
Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.
Twitter: https://twitter.com/WallStBreakfast
Show links:
Netflix expands account-sharing approach to four countries
Post to buy 9Lives, other pet food brands from Smucker in $1.2B deal
Google Labs VP exiting to form AI start-up with Salesforce ex Taylor
Affirm stock sinks as outlook dimmed on higher borrowing costs, 19% job cuts announced
Mike Fay with BlockChain Reaction: https://seekingalpha.com/author/mike-fay
The 'Optimism' Is Strong In This One
Transcript
Click on a timestamp to play from that location
| 0:00.0 | AI will make life simple they say but is simple good if they get it wrong alphabet has the answer |
| 0:09.2 | Welcome to seeking Alpha's Wall Street breakfast where we cover the top news for investors every morning. |
| 0:15.8 | Good morning, today is Thursday, February 9th, and I'm your host Julie Morgan. |
| 0:20.6 | Our top stories. |
| 0:22.1 | Bob Eiger announces 7,000 job cuts company wide at Disney. |
| 0:26.6 | He also hints at a return of the dividend. |
| 0:29.9 | AI has been the hot topic all week, but there was a slip up by |
| 0:33.6 | alphabets barred. The market also showed on Wednesday that it's not keen to |
| 0:37.2 | tolerate any mistakes. Seeking alphas Kevin Curran tells us the AI mistake |
| 0:42.4 | caught by humans. And today is |
| 0:45.3 | crypto Thursday. The question on I think everybody's mind is is when the |
| 0:48.8 | bottom is in or do we know and how do we know? Our weekly contributor Mike Fay with the blockchain reaction service on Seeking Alpha says there's no easy |
| 0:58.3 | answer but he walks us through his process. |
| 1:02.6 | We begin with Disney. |
| 1:04.3 | Disney announces an earnings beat a job cuts fewer subscribers for Disney Plus and a possible |
| 1:10.3 | return of the stocks dividend. |
| 1:12.6 | Bob Eiger confirmed on the company's earnings conference call |
| 1:15.9 | that they will be cutting 7,000 workers across the company. |
| 1:19.7 | Disney is a large company, so 7,000 jobs is only 3% of employees. |
| 1:25.0 | The not so new CEO is reforming the company into three business units, |
| 1:29.6 | Disney Entertainment, ESPN, and Disney Parks experiences and products. |
| 1:36.0 | Alongside that will come a push for efficiency that targets five and a half billion dollars in cost savings. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Seeking Alpha, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Seeking Alpha and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.