Market moving insight and analysis join Jim Kramer, David Faber, and me, Carl Kintanilla, on the opening bell hour of CNBC Squawk on the Street.

Good Thursday morning, welcome to Squawk on the Street. I'm Carl Kintanio with Jim K Post-Nine to the New York State Exchange. David Fabers live at Liberty Media's Investor Day in New York. A lot from David all morning long. Meantime, S&P going for nine gains in a row today. Longest win streak in 19 years. To do it, Bulls will have to navigate a 30-year bond auction, more fed speak, including Powell,

and a wave of media consumer earnings. Our roadmap's going to begin with that extended win streak

for the S&P and NASDAQ. How long can that rally continue? Also ahead, Disney is one of this

morning's biggest gainers on better than expected earnings and bigger cost-cutting plan.

You're also going to hear from John Malone and what he has to say about Disney and streaming

and so many other topics.

It's our annual sit-down, an exclusive interview with a man who's been at the center of media

for 50 years, Liberty Media's chairman, John Malone.

Main time, let's begin with Disney, Rising on that profit beat, the company also said it plans to increase its cost-cutting measures by an additional $2 billion to a target of $7.5 billion.

Bob Eiger did join CNBC yesterday to talk about the quarter, including the company's growth and subs.

We do expect subscriber growth to continue, but we're mostly focused now on delivering profitability by the end of fiscal 24. We had a great quarter, as you just noted, adding 7 million

core Disney plus subs. That was really the result of great content. Jim, they keep that Q424 profitability target.

Yeah, I think there are a lot of things good here. There have been a feeling that a $5 billion

cost takeout wasn't enough. This is from what I regard as the, let's call them the Peltz

pro-mother faction, Ike being the largest shareholders sold Marvel.

Now, this is what's really important to me is that the cash flow is so great, I'm now looking for a buyback as soon as next year.

A good dividend.

I like what I hear.

These are surprising.

Because they have the cash flow, I no longer think they have to do the strategic alliance I talked about yesterday with a gun to their head. I actually like, rather than just presumed to be Apple, I think Amazon

could be in play as someone who could be a partner for them. So I saw many things that are good.

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