Been near 0 and feds been printing money like never before jay powell has to unweekend that without damaging the economy. Lets see how that Opening Statement is being received on the stock market. Fairly well, dow industrials and the s p 500 and the nasdaq they will all open ever so slielgtly lower. Remember, this follows two day of gigantic tbains. Theres other news, fedex will not join the boycott nra movement that is intimidated several other Big Companies and the state of georgia threatens to take away a sales tax benefit from delta if that airline continues its nra boycott. The state to play is this, boycott that will be hashtagged boycott nra as politicized business. And it is trying to silence anyone who supports Second Amendment rights. And then theres the nfl. Commissioner Roger Goodell will reportedly demand 2 million from cowboys oiner jerry jones for his activities during last seasons anthem protests. That is not over. But Varney Company were about to begin. Stay there plea
Good tuesday morning, welcome to squawk alley, im Carl Quintanilla with Kayla Tausche here at post 9 of the new york stock exchange. John fortts on assignment upstairs and is going to join us in just a moment big hour today on squawk alley, as we said, an exclusive with oracle ceo mark hurd. Well get his take on ge, amazon, and a lot more well talk with House Majority leader Kevin Mccarthy later, that is a first on cnbc interview, and Roger Mcnamee sounding the alarm over facebook and google, calling them a Public Health crisis first up, shares of ge down another 6 today, down more than 42 of the year. John flannery joined us exclusively on squawk on the street this morning and made the case where he can turn things around. If you go back and look, this is very, very similar to what i experienced in health care i walked in, looked, this is fundamentally a very Good Business and theres some basic things around operating rigor, Capital Allocation that make a difference im feeling very mu
When the show started i claimed i was 61. It was better to be a younglooking 61 than an oldlooking 50. Yes. On still one more day when the market was all over the place the dow seeking a hundred points. Nasdaq. 35 . I want to talk about the Old Fashioned notion of judging companies not by what they are, but by what they can be. Consider the Walt Disney Company. Disney reported much better than expected earn ings. To quote bob eiger, i am thrilled to report that the performance was the single greatest quarter in the history of the Walt Disney Company and a start to fiscal 16. He said revenue is up. Net income up 32 . Adjusted earn ings up 28 to a buck 63 which is the highest quarterly per share ever. And the tenth consecutive of earn ings share growth. Our long term Strategic Focus in investment and brands and franchises are drawing value in the businesses. With this good news how much did the stock go up today. Three, four points . Wrong. In fact, it plunged. It lost more than three bu
But by what they can be. Consider the Walt Disney Company. Disney reported much better than expected earn ings. To quote bob eiger, i am thrilled to report that the performance was the single greatest quarter in the history of the Walt Disney Company and a start to fiscal 16. He said revenue is up. Net income up 32 . Adjusted earn ings up 28 to a buck 63 which is the highest quarterly per share ever. And the tenth consecutive of earn ings share growth. Our long term Strategic Focus in investment and brands and franchises are drawing value in the businesses. With this good news how much did the stock go up today. Three, four points . Wrong. In fact, it plunged. It lost more than three bucks or 4 today. It hit a new low of 86. Now in heck is that possible. How can a stock like clorox with meager growth sell 26 times earn ings while disney sells less than the average stock in the s p 500. How does hormel, the maker of spam, trade literally at twice the price to earn ings multiple of this
Earn ings share growth. Our long term Strategic Focus in investment and brands and franchises are drawing value in the businesses. With this good news how much did the stock go up today. Three, four points . Wrong. In fact, it plunged. It lost more than three bucks or 4 today. [ booing ] it hit a new low of 86. Now in heck is that possible. How can a stock like clorox with meager growth sell 26 times earn ings while disney sells less than the average stock in the s p 500. How does hormel, the maker of spam, trade literally at twice the price to earn ings multiple of t ts amazing company. The answer on wall street is simple. Much of disneys growth comes from espn. Though ieger tells us 95 of sports with 81 of those viewers watching espn which engages more than 200 million adults across its platforms. The fact the espn doesnt have as many people watching over cable as it used to. Thats all the analysts care about. Just listen to the questions in the Conference Call after the presentation