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Wall Street Breakfast

Wall Street Breakfast May 12: Disney Streaming Growth Speeds Up

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8950 Ratings

🗓️ 12 May 2022

⏱️ 7 minutes

🧾️ Download transcript

Summary

Disney earnings call: Streaming growth speeds up, but at a cost. Google shows off smartwatch, new phones at I/O developer conference. Roche, Global Fund team up to fight TB, HIV by building diagnostics capacity in low-income countries. Catch today’s WSB article here.

Transcript

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0:00.0

Welcome to Seeking Alpha's Wall Street breakfast, your daily source of market news and analysis.

0:06.8

Subscribe to this podcast on Apple Podcast, Spotify or Stitcher.

0:11.0

Good morning. Today is Thursday, May 12th, and I'm your host Julie Morgan.

0:15.2

Our top stories, Disney, Google, and Roche.

0:18.6

Disney Plus added millions of subscribers, but was it more or less than they expected?

0:24.0

Google shows off tech at its developer conference.

0:27.5

What's new?

0:28.5

And Rosh is teaming up with Global Fund to fight disease, which ones and where.

0:33.8

First, let's take a look at the market.

0:35.7

The Dow Jones closed down 1% at 3,834.

0:39.8

The S&P 500 down as well, closing below 4,000, and the NASDAQ closed down 373 points.

0:47.8

The top gainers, Tricora Resources up 26%, Inspired entertainment 21%, charge enterprises up 22%,

0:57.2

H&R Block 20% and Alpha Technova up 17%.

1:02.4

The top losers,

1:03.7

S.Q. Technologies down 37% Unity software 37%

1:09.2

Cornet Digital down 33%, ITO's therapeutics 30% in Vaccinity Class A down 30%.

1:17.0

The top gainers and losers at seeking alpha.com.

1:21.0

We'll take a look at the Dow, S&P and NASDAQ futures in a few minutes as well as the world markets.

1:28.0

Now our top stories.

1:30.0

Disney took a miss on profit and sales expectations,

1:33.3

but posted better than expected growth

1:35.5

from its Disney Plus streaming service.

...

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