Disney "Streams" Higher, John Malone Interview, Charter CEO Exclusive 11/14/24

Squawk on the Street

CNBC

Business, Investing, News

4.1 • 567 Ratings

🗓️ 14 November 2024

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Carl Quintanilla, Jim Cramer and David Faber led off the show with Disney shares surging on better-than-expected Q4 results and guidance. What's ahead for the company's streaming strategy? David interviewed Liberty Media Chairman John Malone -- the cable pioneer who will soon become the company's Interim CEO. At Liberty Media Investor Day, David spoke exclusively with Charter Communications CEO Chris Winfrey about the company's all-stock deal to acquire Liberty Broadband. Also in focus: Cisco's earnings beat, the post-election rally stalls, "China effect" on the markets, Delivering Alpha highlights -- from AI-generated video featuring David and Andrew Ross Sorkin, to Ben Affleck on linear as a "tremendous opportunity." Squawk on the Street Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0	Market insight and analysis. You're listening to the opening bell of CNBC, Squawk on the Street.
0:06.0	Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Kintanilla with Jim Kramer at Post 9 of the New York Stock Exchange.
0:11.5	Fabers at Liberty Media Investor Day in New York. A lot to come from David this morning. Future's pretty steady, but off the highs as the 10-year pops close to four and a half, highest since July.
0:21.6	Core PPI runs a 10th hot, jobless claims lowest since mid-May.
0:26.6	Powell speaks this afternoon.
0:28.6	Our roadmap begins with streaming strength.
0:30.6	Disney's streaming business swings to a profit on the quarter, along with a huge gain in subs.
0:35.6	Shares are rallying ahead of the open.
0:39.2	Plus, media continues to be in focus.
0:41.4	I'm going to be joined in the next couple hours by John Malone, Chris Winfrey, Greg
0:46.4	Maffa, and Jerry Brockheimer, all from Liberty's Investor Day right here in New York this morning.
0:52.9	And calling it quits, Caprianene Tapestry. No surprise here,
0:57.4	although the market is reacting. They are abandoning any plans to merge. Of course, the deal had
1:03.1	been blocked by a federal judge. Carl?
1:06.7	Guys, let's get to Disney first up sharply in the pre-market after that quarterly beat. The company benefits from profitability in its streaming business, as well as box office
1:15.1	successes from films like Inside Out 2 and Deadpool Wolvering.
1:19.2	Also, this long-term upbeat guidance, Jim, this is going to be the best reaction to earnings
1:23.6	in a couple decades.
1:25.3	I'm used to very short-term guidance.
1:27.4	I'm used to hearing that the okay numbers when it comes to streaming.
1:32.3	I'm not used to hearing good numbers when it comes to movies.
1:35.3	I'm used to hearing quantity over quality would be the analyst comments.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.