Israel At War With Hamas, Safe-Haven Assets Rise, Peltz Pressures Disney 10/9/23

Squawk on the Street

CNBC

Investing, Business, News

4.1 • 567 Ratings

🗓️ 9 October 2023

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla, Jim Cramer and David Faber started the show discussing the Israel-Hamas conflict, which sent stocks lower and energy prices higher. Top gainers on the S&P 500 included defense stocks like Northrop Grumman, while the biggest laggards included travel names like United Airlines. On the corporate side, the anchors also discussed Disney and Nelson Peltz after the billionaire investor reignited his proxy battle with the media giant. Peltz’s activist firm, Trian Fund Management, plans to push for multiple seats on the board after increasing its stake in Disney to about 30 million shares, valued at roughly $2.5 billion.

Transcript

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0:00.0	Market moving insight and analysis join Jim Kramer, David Faber, and me, Carl Kintanilla,
0:04.9	on the opening bell hour of CNBC Squawk on the Street.
0:15.9	Good Monday morning. Welcome to Squawk on the Street. I'm Carl Kinteneo with Jim Kramer, David
0:19.4	Faber, post-9 of the New York Stock Exchange. Markets around the world reacting to the brutal attack on walk on the street. I'm Carl Canteanao with Jim Kramer, David Faber, Post 9 of the New York Stock Exchange.
0:21.6	Markets around the world reacting to the brutal attack on Israel over the weekend. We will talk about the implications for risk assets, energy, the Fed, interest rates, and politics. The bond market is closed today for the holiday. Our roadmap's going to begin with Israel at war with Hamas. heading into its third day of conflict.
0:38.6	We're going to go live to Tel Aviv for the latest.
0:40.5	And back here in the U.S. Our roadmap's going to begin with Israel at war with Hamas, heading into its third day of conflict.
0:38.6	We're going to go live to Tel Aviv for the latest.
0:40.6	And back here in the U.S. futures are moving lower.
0:43.0	Energy prices are ticking higher.
0:45.0	Investors, of course, continue to monitor events in the Middle East.
0:48.4	In corporate news, Nelson Peltz, once again putting that pressure on Disney, the latest on the longtime activist fight with that company from both Jim and myself.
0:59.0	Let's begin, though, with the conflict overseas. Israel recovering after suffering its deadliest attack in half a century,
1:05.5	Israel's military claiming to have reestablished control inside the country, 48 hours after the Hamas attack.
1:12.6	Over the weekend, President Biden spoke out on the situation pledging support for Israel.
1:18.8	Today, the people of Israel are under attack orchestrated by a terrorist organization, Hamas.
1:25.9	In this moment of tragedy, I want to say to them and to the world
1:29.1	and to terrorists everywhere that the United States stands with Israel, we will not ever fail
1:36.2	to have their back. We'll make sure that they have the help their citizens need, and they can
1:41.8	continue to defend themselves. So Jim, we'll watch the tape for headlines regarding Lebanon and reaction from any other
1:49.0	other players that might widen the conflict.
1:51.0	This is a tough one, and I'm going to feel terribly for a great ally of the United States.
	...

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