Market Moving Insight and Analysis joined Jim Kramer, David Faber and me, Carl Cantonia, on the opening bell hour of CNBC Squawk on the Street.

When I came in, we talked about cost cutting right away.

We reorganized the company. We've recommitted to profitability and streaming.

So where is the need?

We wish the very best of Bob, his management team, the board.

We will be watching.

We will be rooting.

And the boxing side is over.

24 hours since Bob Eiger and Nelson Peltz joined Squawk on the street to make news on multiple fronts. Just part of a wild week in media and corporate news. Good Friday morning. Welcome to Squawk on the Street. I'm Carl Kentonia with Jim Kramer at the New York Stock Exchange. David Faber is in Los Angeles. It's got some pre-market softness as the S&P wraps up its worst week in nearly two months. got some jitters ahead of CPI on Tuesday.

Our roadmap's going to begin with oil. Price is popping after Russia says it will cut output

by half a million barrels a day. Plus, we've got a bloodbath and lift. At least six downgrades

this after the company issued very weak guidance, highlighting a stark difference from Uber.

And listen, we're keeping an eye on Disney. Those shares are moving lower again. They give up, giving up yesterday's early gains

after that proxy fight is over. Of course, as you just heard, announced by Nelson Peltz on our show.

Guys, wow. What a show that was, David. Let's start with the Aftershocks from yesterday's show featuring

Eiger and Peltz. Jim, why do you think the stock settled back? Well, look, I actually acted like

there was one or two really big sellers because they just, what happened in the parlance of Wall Street

is they just kept hitting the bid, hitting the bid hitting the bid, but no one let the bid stabilized. So typically what that happens is just someone who just listen, I got 10 million shares to just get out, I don't care, just get me an average price that's better than the last price. And David, you know that there were some people who kind of feel like after these things happen, we've learned it, I think you see it in Salesforce today, there are registered ringers. There are people who just say, you know what? I made my money and go buy. And I felt that's what happened yesterday. There were people who just said, get me out at any price because my price is so much better than where it was three weeks ago. Yeah, I kind of wondered, Jim, whether Peltz was amongst them. I mean, why not? You know, he booked a big gain. Obviously, people say,

well, he lost the proxy fight, so to speak. Obviously, they never went to the proxy itself. But I did wonder, he indicated he's going to hang on as a long-term shareholder. You may have a more of a sense of that. But, you know, you kind of wonder whether, all right, is he done? because he had a big gain already.

Maybe he wants to sell.

Well, look, you raise a good point.

I mean, my, and I, is he done? Because he had a big gain already. Maybe he wants to sell.

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