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Squawk on the Street

Disney’s Strong Quarter, Billionaire Battle & Jim Cramer’s Salute to Veterans

Squawk on the Street

CNBC

News, Business, Investing

4.1567 Ratings

🗓️ 8 November 2019

⏱️ 44 minutes

🧾️ Download transcript

Summary

Carl Quintanilla, David Faber & Jim Cramer discuss Disney’s strong quarter & what it means for the streaming wars. Plus, Elizabeth Warren says billionaires are crying about her wealth tax proposal, while billionaire Mike Bloomberg considers a presidential bid. And Jim Cramer salutes to the troops, live from the Air Force Academy in Colorado.

Transcript

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0:00.0

Market Moving Insight and Analysis joined Jim Kramer, David Faber, and me, Carl Kintanilla,

0:04.9

on the opening bell hour of CNBC Squawk on the Street.

0:13.1

Good Friday morning. Welcome to Squawk in the Street. I'm Carl Kintanilla with David Faber here at the New York Stock Exchange.

0:18.2

Kramer is at the United States Air Force Academy in Colorado Springs,

0:22.2

gearing up for a special Veterans Day show. Obviously, a lot to come with Jim later on today. In the

0:27.2

meantime, Bulls looking to hold what is already the best month for the Dow since June after only

0:31.7

five trading days. Got Disney earnings, a good batch of upgrades, better trade data out of China

0:36.2

and Germany, although Europe is in the red.

0:39.2

Ten-year yield near 195. That yield has moved 30 basis points since last week's Fed meeting.

0:45.7

Our roadmap begins with Disney and the Streaming Wars, deals with Amazon and Apple, as well as a 52% surge in studio.

0:52.6

Shares are up 5% ahead of the belt.

0:54.6

Plus billionaire battle Elizabeth Warren staying on the attacks saying they're crying about

1:00.1

her wealth tax that says billionaire Mike Bloomberg considers a run for president.

1:05.1

And as we said, closing out a very big week for stocks, new records in reach as investors weigh

1:09.9

more China tariff rollback talk.

1:12.6

First up though, Jim, you got a very special show coming up tonight.

1:16.6

Yeah, look, I mean, we're at the place, I think, we're epicenter of what I regarded as being the new wing of our defense.

1:25.6

And I'd say that because it was in 1959 when they created this academy.

1:29.9

It's a very special place. And I'm glad I haven't that accompanied music. And we want to talk

1:34.8

about not just what's going on here, but what goes on after service, which is why we're bringing

1:39.5

Kevin Johnson from Starbucks. I say that he's one of the most committed, along with Jamie

1:43.6

Diamond, people,

...

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