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☆ US Navy wins against familiar and unprecedented Red Sea threats are being driven by defense decisions it made decades ago
▼ + stars: | 2024-04-10 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

The Navy secretary acknowledged on Wednesday the effectiveness of these systems in the Red Sea. AdvertisementDecisions made decades ago are now defining the Red Sea naval battle unfolding between American forces and the Houthis, the US Navy's top civilian official said on Wednesday, highlighting the long reach of defense decision-making. AdvertisementA view of the USS Gravely destroyer in the southern Red Sea on Feb. 13. AdvertisementThe USS Dwight D. Eisenhower conducts flight operations in the Red Sea on Feb. 23. US Navy guided-missile destroyer USS Carney defeats a combination of Houthi missiles and drones in the Red Sea on October 19, 2023.

Persons: —, Navy Carlos Del Toro, Del Toro, Dwight D, Eisenhower, Ike, Carney, MCS2 Aaron Lau, Sabrina Singh Organizations: US Navy, Service, Red, Navy, AP, Aegis, Missile, Nimitz, US, Hornet, Hornets, AIM, Marines, Pentagon Locations: Red, Iran, Yemen, Gulf of Aden, Aden

If you had the opportunity to hear activist investor Nelson Peltz, the defeated candidate for the Disney board, you did not get a definitive answer, as much as I pressed. In my CNBC interview with Peltz on Thursday, he assured us that he would be back if Iger didn't deliver on his promises. Iger talked about the board's succession committee, which former Morgan Stanley CEO James Gorman and now Disney board member, is on. They're confident that they'll pick the right person at the right time," Iger said on CNBC . I most feared the blowout in Disney stock in a fit of pique and right now I am not seeing that.

Persons: Walt Disney, Nelson Peltz, Peltz, Bob Iger, Iger, Bob, they'll, Jim, weren't, Iger's, Bob Chapek, Disney, Morgan Stanley, James Gorman, Chapek, Ike Perlmutter, it's, It's, Jim Cramer's, Jim Cramer, Joe Raedle Organizations: Walt, Disney, CNBC, Iger, Marvel Entertainment, ESPN, Fox, Warner Bros ., Club, Apple, Walt Disney World, Getty Locations: Orlando , Florida

Disney fended off the activist investor Nelson Peltz for the second time in two years, as its shareholders rejected his effort to win two seats on its board. The House of Mouse claimed a “substantial” margin of victory, after a bitterly fought contest with Peltz and his major backer, the former Marvel chair Ike Perlmutter. Based on preliminary results from Wednesday’s annual investor meeting, Disney’s board candidates won the backing of 75 percent of individual shareholders, an outsize investor base. But like any good Disney tale, the board fight provided a series of lessons for the future — for companies and activists alike. That included cost-cutting efforts, an investment in the video game giant Epic Games and a shake-up in the struggling movie division.

Persons: Iger, Nelson Peltz, Mouse, Peltz, Ike Perlmutter, Bob Iger Organizations: Disney, Marvel, Wall Street

☆ Bob Iger may prevail in Disney’s boardroom showdown, but the battle has not left him unscathed
▼ + stars: | 2024-04-03 | by ( Oliver Darcy | ) edition.cnn.com time to read: +6 min

New York CNN —The battle for the future of Disney is about to reach its epic conclusion. Nelson Peltz, founder and chief executive officer of Trian Fund Management, has continually criticized Disney CEO Bob Iger. The forces that have tormented Iger will be banished to the shadows, exiled outside of the Magic Kingdom for now. The "Partners" statue of Walt Disney and Mickey Mouse, at Cinderella Castle at the Magic Kingdom, at Walt Disney World. The future of Disney is up for grabs in the proxy-fight between Iger and Peltz.

Persons: Nelson Peltz, Bob Iger, Peltz, Jay Rasulo, Rasulo, Disney’s “, Marco Bello, Iger, Bob Chapek, ” Barton Crockett, CNN’s, Samantha Delouya, George Lucas, Laurene Powell Jobs, Morgan, Jamie Dimon, Walt, Roy Disney, Abigail Disney, Ike Perlmutter, Trian, they’ll, Walt Disney, Mickey Mouse, Joe Burbank, ”, it’s, King, Hollywood, “ Iger Organizations: New York CNN, Disney, Trian, Management, Netflix, Trian Fund Management, Bloomberg, Rosenblatt Securities, “, Former Marvel Entertainment, Services, Magic Kingdom, Magic, Walt Disney World, Orlando Sentinel, Tribune, Service Locations: New York, Iger

Trian claims Disney's board has failed to generate sufficient returns in recent years as subscription streaming losses have mounted and traditional TV subscribers have declined. Early vote countBoth Disney and Trian received support from influential shareholders ahead of Wednesday's meeting. Roughly one-third of Disney's shareholders are retail shareholders, who historically vote in small numbers in annual meetings. The arrangement still raised questions about ValueAct's support for the company and whether Disney's board should have disclosed the prior relationship. WATCH: Disney board battle reaches final moments

Persons: Bob Iger, Mickey Mouse, Valerie Macon, Nelson Peltz, Jay Rasulo, They've, Maria Elena Lagomasino, Michael Froman, Peltz, Ike Perlmutter, Trian, Disney's, Iger, Bob Chapek, Patrick T, Adam Jeffery, Morgan Stanley, James Gorman, CNBC's, George Lucas, Laurene Powell Jobs, Lucas, Powell Jobs, Ken Squire, Rowe Price, Rowe, Mason Morfit's, ValueAct, Neuberger Berman, John Ferguson, Rasulo —, Glass Lewis, Iger's, Gorman, Jeremy Darroch, CNBC's Andrew Ross Sorkin, Heidi Gutman, Lagomasino, shouldn't, Blackwells, Rasulo, Jason Aintabi, John Foley, Jessica Schnell, Craig Hatkoff, Leah Solivan, ValueAct hasn't Organizations: AFP, Getty Images Disney, Voters, Trian Partners, Disney, PepsiCo, Marvel, SEC, Fallon, Bloomberg, Getty, CNBC Disney, CNBC, Star Wars, LucasArts, Pixar, BlackRock, Institutional, California Public Employees, Yacktman Asset Management, Saratoga Proxy, ISS, Sky, Trian Fund Management, NBCU, Bank, NBCUniversal, Green, Comcast Locations: Los Angeles, New York

☆ Disney board seat for Nelson Peltz hinges on Vanguard, State Street, institutional investors
▼ + stars: | 2024-04-02 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

In 2015, Nelson Peltz's Trian Partners was defeated in an activist campaign against chemical firm DuPont , largely because the top three institutional shareholders voted against his slate. Nearly a decade later, those same institutional investors — Vanguard, State Street and BlackRock — are the three largest shareholders in Disney . Former Marvel chairman Ike Perlmutter has entrusted Peltz with his 33 million Disney shares, the bulk of the activist's 1.8% stake. Vanguard is the largest holder with 8% of outstanding Disney shares. In 2021, for example, 63% of Disney shareholders voted their shares, according to data analyzed by 13D Monitor.

Persons: Nelson Peltz's Trian, Bob Iger, Rowe Price, CNBC they're, Trian, Ike Perlmutter, Peltz, Neuberger Berman, Jones, Ken Squire, Squire, Innisfree, King Organizations: Nelson Peltz's Trian Partners, DuPont, — Vanguard, State Street, BlackRock, Disney, Wall Street, CNBC, Vanguard, State, Marvel, Trian Partners, 13D, Okapi Partners Locations: BlackRock, New York, California

☆ Disney's largest shareholder Vanguard reportedly backing management over Peltz in board fight
▼ + stars: | 2024-04-02 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Disney's largest shareholder, index fund manager Vanguard, plans to support management over Nelson Peltz's Trian Partners in Wednesday's board vote, Bloomberg News reported Tuesday, citing unnamed people familiar with the matter. Vanguard owns 7.8% of Disney shares. BlackRock , Disney's second -largest shareholder with 4.2% of shares, is also supporting the incumbent board and CEO Bob Iger, The Wall Street Journal reported Monday. The reporting on how Disney's largest shareholders are supposedly voting prompted harsh criticism from one-time shareholder activist Bill Ackman on Tuesday evening. Through an arrangement with former Marvel Chairman Ike Perlmutter, Trian controls 1.8% of Disney shares, making it the fifth largest shareholder.

Persons: Bob Iger, Nelson Peltz's, Disney's, Bill Ackman, Ackman, Ike Perlmutter, Trian, Neuberger Berman, CalPERS, Jamie Dimon, George Lucas Organizations: Walt Disney Company, Shanghai Disney Resort's, Shanghai Disney Resort, Vanguard, Nelson Peltz's Trian Partners, Bloomberg News, Institutional, Disney, BlackRock, Street, Geode Capital Management, Marvel, Retail, JPMorgan Chase, Star Wars, CNBC, Bloomberg Locations: Shanghai, China, Disney's

☆ The battle over Disney’s future is about to be decided in a high stakes board vote
▼ + stars: | 2024-04-02 | by ( Hadas Gold | Samantha Delouya | ) edition.cnn.com time to read: +8 min

Two competing slates of board seats are now up for a vote against Disney’s. Peltz has criticized Disney’s recent theatrical flops and said the company should reach “Netflix-like margins” with its Disney+ streaming service, among other issues. If Peltz is successful, he and Rasulo could gain up to two seats on the board, displacing Disney’s picks. More than 35% of Disney’s shares are held by these individuals, who could seriously sway the vote. The influential advisory firms Institutional Shareholder Service and Egan-Jones have also thrown their support behind Peltz for at least one seat on the board.

Persons: Nelson Peltz, Jay Rasulo, Peltz, Ike Perlmutter, Bob Iger, ” Barton Crockett, Disney, ” Trian, Rasulo, Iger, Bob Chapek, Peltz —, —, It’s, ” Peltz, Perlmutter, ”, “ They’ve, ’ ” Crockett, Anna, Elsa, Ludwig Von Drake, “ Disney, George Lucas, Jamie Dimon, Michael Eisner, Laurene Powell Jobs, Abigail E, they’ve, ” Jessica Reif Ehrlich, “ Nelson Peltz, Neuberger Berman, Egan, Jones, ” Crocket, CNN’s Liam Reilly, Krystal Hur Organizations: CNN, Disney, Magic Kingdom, Disney’s, Trian Fund Management, Blackwells, Marvel, Netflix, Rosenblatt Securities, ESPN, ABC, Google, JPMorgan Chase, BofA Securities, California, Service Locations: Trian

☆ Disney's cinematic drought may have opened a door for activist investor Peltz
▼ + stars: | 2024-04-02 | by ( Sarah Whitten | ) www.cnbc.com time to read: +4 min

DisneyDisney has struggled to return to the lofty box office records of 2019 — and that may have helped open the door for its recent troubles with activist Nelson Peltz. Just four years ago, the studio had seven billion-dollar films, which contributed to a global box office haul of more than $13.2 billion. Sony produced and distributed "Spider-Man: No Way Home," which made $1.9 billion, although Disney's Marvel Studios did serve as a co-producer. "People go to watch a movie or a show to be entertained," Peltz said in recent interview with The Financial Times. Peltz has also taken particular issue with Disney's failed succession plans and what he's described as a disjointed streaming strategy.

Persons: Harrison Ford, Indiana Jones, Nelson Peltz, Disney's, Strange, Peltz, Jay Rasulo, he's, Marvel, Ike Perlmutter Organizations: Disney Disney, Disney, Century Fox, Star, Sony, Disney's Marvel Studios, Guardians, Galaxy, Trian Fund Management, Financial Times, Marvel, U.S . Air Force, Financial, Marvel Entertainment Locations: U.S

☆ Disney's fight with Nelson Peltz will come to a head tomorrow. Here's where things stand.
▼ + stars: | 2024-04-02 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

A vote for the Disney's slate of board members will show support for Iger's performance as CEO since he returned to lead the company in November 2022. AdvertisementIt's the culmination of months of tussling between Disney and Peltz, who has been waging war against Disney's board since January last year. "When I sold Lucasfilm just over a decade ago, I was delighted to become a Disney shareholder because of my long-time admiration for its iconic brand and Bob Iger's leadership." And proxy advisory firm Institutional Shareholder Service recommended shareholders vote for Peltz, though not Rasulo. Advertisement"We wish the very best to Bob, this management team, and the board," Peltz said on CNBC at the time.

Persons: —, Bob Iger, Nelson Peltz's Trian, that's, Peltz, Jay Rasulo —, Maria Elena Lagomasino, Michael Froman, Gen, Alpha, Jason Schloetzer, BlackRock, Rowe Price, Iger, Roy Disney's, Laurene Powell Jobs, George Lucas, Lucas, Bob Iger's, Donald Duck's, Ludwig Von Drake, Schloetzer, Trian, That's, Neuberger Berman, Ike Perlmutter, he'd Organizations: Service, Disney, Nelson Peltz's Trian Partners, Business, Century Fox, Epic Games, Georgetown University's McDonough School of Business, Vanguard, Street Journal, ValueAct Capital, Walt, Star Wars, Lucasfilm, New York Times, California Public Employees, CNBC, Netflix, ABC, ESPN, Marvel, Financial

☆ Nelson Peltz withholds votes from Disney CEO Bob Iger in proxy battle
▼ + stars: | 2024-03-25 | by ( Becky Quick | ) www.cnbc.com time to read: +2 min

Nelson Peltz's Trian Fund Management withheld its votes from Walt Disney CEO Bob Iger when voting its shares in the bitter proxy battle the asset management firm is waging against the entertainment giant, according to sources who monitor the situation. However, it is counter to Trian's proxy recommendations, and it doesn't mesh with the public statements Peltz has made about wanting to work together with management if he is elected to the Disney board. In recent weeks, Disney has stepped up its attacks on Trian and Peltz. "Disney is stupid because I'm not trying to fire Bob Iger, I want to help him," Peltz recently told the Financial Times. The Disney board meeting will be held April 3 and Trian could change its vote between now and then.

Persons: Nelson Peltz, Nelson Peltz's, Bob Iger, Peltz, I'm, Trian, Jay Rasulo, Maria Elena Lagomasino, Michael Froman, Ike Perlmutter Organizations: Trian Fund Management, Future Investment Initiative, Summit, Fund Management, Walt Disney, Disney, Financial Times, CNBC, Marvel Entertainment, Peltz Locations: Miami , Florida, Iger, Disney

21 Saint Mary's led nearly the entire way to beat No. 17 Gonzaga 69-60 on Tuesday night and interrupt the Bulldogs' stranglehold on the West Coast Conference Tournament title. Also for Saint Mary's, Saxen produced a double-double despite battling foul trouble, and WCC player of the year Augustas Marciulionis scored 13 points. The game was close throughout — Saint Mary's largest lead was 11 points — but the Gaels managed to stay in front almost throughout. Saint Mary's now has won 23 of 25 games, and the Gaels ended Gonzaga's nine-game winning streak.

Persons: — Aidan Mahaney, Mitchell Saxen, Saint Mary's, Gonzaga, Mahaney, Saxen, Marciulionis, Anton Watson, Ryan Nembhard, Graham Ike, ___ Organizations: LAS VEGAS, West Coast, Bulldogs, NCAA, Gaels, Saint, AP Locations: — Saint Mary's, Saint

☆ Disney shareholders could cash in as investors offer money for their votes amid a bruising proxy battle
▼ + stars: | 2024-03-05 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

Read previewThe Disney proxy battle continues to heat up — and ordinary shareholders could cash in. Mom-and-pop investors are also being courted for their votes on a new marketplace called Shareholder Vote Alliance, which runs auctions for shareholders' proxy votes. Xu said Shareholder Vote Alliance doesn't reveal the names of the bidders but confirmed the bid is from a current shareholder. Shareholder Vote Alliance pitches itself as a way for everyday investors to generate income by monetizing their shareholder votes. Shareholder Vote Alliance closes its auctions a couple of days before shareholder votes.

Persons: —, Nelson Peltz's, Ike Perlmutter, Bob Iger, Trian, Blackwells, Donald Duck's, Ludwig Von Drake, Steven Xu, Xu, Blackwell didn't, There's, Iger, we've Organizations: Service, Fund Management, Disney, Blackwells, Business, Alliance, Street, Wall, ValueAct

☆ Trump’s View of America and the World Is Nothing New - The New York Times
▼ + stars: | 2024-02-29 | by ( David Brooks | ) www.nytimes.com time to read: +2 min

He seems to have been a very good father, but his political worldview was predicated on a deep pessimism. The Republican Party in the 1920s, ’30s and early ’40s was steeped in pessimism, and that pessimism showed up as it often does: as nativism, isolationism and protectionism. As World War II loomed, Senator Gerald Nye urged the passage of several neutrality acts to keep us from exporting arms to warring nations and opposed Lend-Lease to Britain. That version of the Republican Party ended in 1952, when Dwight Eisenhower defeated Taft for the Republican presidential nomination. Howard Buffett was so dismayed by the outcome that he refused to endorse Ike, his party leader.

Persons: I’ve, Warren Buffett’s, Howard Buffett, Franklin Roosevelt, George Marshall, Buffett, Johnson, Gerald Nye, Robert Taft, Dwight Eisenhower, Taft, Ike Organizations: Democrats, Republican Party, Reed, Lease, United States, Marshall Plan, NATO, World Bank, Republican, John Birch Society Locations: Nebraska, United States, Britain, America

☆ Disney and ex-CFO trade barbs in board fight. Plus, what we expect from 2 portfolio earnings
▼ + stars: | 2024-02-27 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Persons: Jim Cramer, Jay Rasulo, Nelson Peltz, Rasulo, Peltz, Ike Perlmutter, Peltz's Trian, Perlmutter, Clawing, Estee Lauder, Foot Locker, Health —, Jeff Marks, Jim, Jim Cramer's Organizations: CNBC, Federal, Dow Jones, Nasdaq, Dow, Energy, Linde, Disney, Saturday's Club, Marvel Entertainment, Peltz's Trian Partners, Palo Alto Networks, Palo Alto, Health, Virgin Galactic, TJX Companies, Marshalls, Club, Jim Cramer's Charitable Locations: Gaza, Maxx

☆ 'I hate losing money' — Jim Cramer says he will vote to put Nelson Peltz on Disney's board
▼ + stars: | 2024-02-25 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

As a Disney shareholder for the Club, Jim Cramer has decided to support activist investor Nelson Peltz's fight for seats on the board of the entertainment and theme parks giant. It means he's going to vote to put the Trian Partners founder Peltz and former Disney CFO Jay Rasulo on the Disney board. Jim believes Peltz and Rasulo will hold Disney's board and management accountable for making changes to fix the business and turn around the company's underperforming stock. "It is ridiculous to me that Netflix has crushed Disney," Jim said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Nelson Peltz's, Jim, Peltz, Jay Rasulo, Ike Perlmutter, Perlmutter, Mondelez, Kraft Heinz, Bob Iger, Iger, Nelson Peltz, Hugh Johnston, Jim —, Jim Cramer's Organizations: Club, Trian Partners, Disney, Marvel Entertainment, Marvel, Netflix, Procter & Gamble, CNBC Locations: New York City, PepisCo

☆ I catapulted off the deck of a US aircraft carrier in a largely windowless prop plane the Navy's been flying since the 1960s. It was jarring and intense.
▼ + stars: | 2024-02-24 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Catapulting off an aircraft carrier is a sharp, jarring experience even more intense than the landing, and I recently experienced this firsthand in a US Navy C-2 Greyhound. Jake Epstein/Business InsiderThere were a couple of very small windows on the aging Greyhound, but they were behind me, mostly out of sight. Jake Epstein/Business InsiderAside from facing the wrong way, taking off from Bahrain felt a lot like any other commercial flight I've ever been on. AdvertisementMy first look at the flight deck after landing on the USS Dwight D. Eisenhower. Jake Epstein/Business InsiderSuddenly, we shot up at a force that felt far greater than the catapult launch, gaining a lot of altitude in a quick spurt.

Persons: —, Dwight D, Eisenhower, Houthi, Ike, Jake Epstein, rocketing Organizations: Service, US, Greyhound, Grumman, Navy Locations: US Navy, Bahrain, Red, Iran, Yemen

☆ Why the captain of a US Navy aircraft carrier fighting in the Red Sea is always posting about things like Taco Tuesday and cookies
▼ + stars: | 2024-02-22 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

The USS Dwight D. Eisenhower is the flagship of the strike group handling the US Navy response to the Houthis. AdvertisementThe Wi-Fi aboard the aircraft carrier USS Dwight D. Eisenhower isn't exactly the best, but for Capt. AdvertisementThe efforts to keep morale up come as the Dwight D. Eisenhower carrier strike group confronts a variety of threats, including some no one has ever faced in combat before, in a kinetic weapons-engagement environment. Captaining a flagship carrier in this situation is no easy task, but Hill has a lot of Navy experience to lean on. Among other things, he has served as the executive and commanding officer of an airborne command & control squadron, a TOPGUN instructor, the executive officer of the aircraft carrier George H.W.

Persons: Dwight D, Eisenhower, Chris Hill, —, Hill, Ike, George H.W, George H.W . Bush, Joe Boggio, We’ve, “, San, John Bellino Hill Organizations: Service, Tuesday, Business, Navy, US European Command, US Navy, US, Eisenhower, Taco, Legion, Islamic Locations: Red, Iran, Yemen, Massachusetts, Suez, East, George H.W ., Gulf of Aden, @ChowdahHill, San Antonio, Arlington, Afghanistan, Islamic State

☆ US warship crews are learning from battles with anti-ship ballistic missiles, threats no one's ever faced in combat until now, Navy commanders say
▼ + stars: | 2024-02-17 | by ( Jake Epstein | ) www.businessinsider.com time to read: +7 min

Read previewUS Navy warships off the coast of Yemen have been battling Houthi anti-ship ballistic missiles, a dangerous weapon that no military has ever faced in combat until very recently. The Marshall Islands-flagged, Bermuda-owned M/V Marlin Luanda after it was hit with an anti-ship ballistic missile in the Gulf of Aden last month. Over the past two months, US warships operating in the region have shot down a handful of anti-ship ballistic missiles — most recently in early February. US Central Command, or CENTCOM, called attention to the use of anti-ship ballistic missiles but has not specifically identified which missiles have been used in any of the attacks. Screengrab via US NavyExperts say the Houthis' anti-ship ballistic missiles don't quite stack up against China's arsenal, which is much more sophisticated, particularly in terms of guidance technology, and is increasingly expanding.

Persons: —, Houthi, Joe Biden, Marlin Luanda, Arleigh Burke, Brian Sanchez, we've, Jake Epstein, Sanchez, They've, Dwight D, Eisenhower, Marc Miguez, he's, it's, Ike, Long, Carney, that's Organizations: Service, Navy, Business, Marshall, Central Command, Navy's Carrier Strike, International Institute for Strategic Studies, US Central Command, US Navy Experts, Rocket Force, Carrier Strike Group Locations: Yemen, China, Western, Iran, Gulf of Aden, Bermuda, Gulf, Aden, Tehran, Pacific, Washington, Beijing, Screengrab, East, Western Pacific

☆ US warships are shooting down weapons no one's ever faced in combat before, and a Navy commander says it's a 'great opportunity'
▼ + stars: | 2024-02-17 | by ( Jake Epstein | ) www.businessinsider.com time to read: +7 min

Read previewUS Navy warships off the coast of Yemen have been battling Houthi anti-ship ballistic missiles, a dangerous weapon that no military has ever faced in combat until very recently. The Marshall Islands-flagged, Bermuda-owned M/V Marlin Luanda after it was hit with an anti-ship ballistic missile in the Gulf of Aden last month. Over the past two months, US warships operating in the region have shot down a handful of anti-ship ballistic missiles — most recently in early February. Advertisement"Now that we're out here, this is what we've trained to do," he said in an interview with Business Insider. US Central Command, or CENTCOM, called attention to the use of anti-ship ballistic missiles but has not specifically identified which missiles have been used in any of the attacks.

☆ Inside a deployed US Navy carrier strike group's tactical shift to kill Houthi missiles and drones before they ever take flight
▼ + stars: | 2024-02-15 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

The US Navy spent months shooting down Houthi drones and missiles in the air. Business Insider visited US Navy warships in the Red Sea this week and learned more about this tactical shift. AdvertisementThe US Navy spent months tirelessly shooting down Houthi threats in the air, but it never struck the Iran-backed rebels in Yemen directly. The shift in tactics toward an emphasis on preemptive action began in mid-January and has seen the US destroy a large amount of Houthi drones and missiles, including anti-ship cruise and ballistic missiles. Beyond taking out airborne drones, the Navy is using intelligence to identify them in Yemen before they are launched and strike them there.

Persons: —, Dwight D, Ike, Eisenhower, Jake Epstein, Marc Miguez, Miguez, they're, Capt, Marvin Scott, Jonathan Word, Scott Organizations: US Navy, Business, Service, Eisenhower Carrier Strike, Business Insider, Pentagon, US Central Command, Fighter, Carrier Strike, Navy, Screengrab, Ministry of Defense, British, US Locations: Iran, Yemen, Gulf of Aden, Red

☆ Inside the US Navy’s frontline fight against the Houthis in the Red Sea
▼ + stars: | 2024-02-14 | by ( Natasha Bertrand | ) edition.cnn.com time to read: +6 min

“This isn’t exactly where we expected to be on this deployment,” said Captain James Huddleston, the deputy commander of Carrier Air Wing 3 who regularly flies missions over the Red Sea and Yemen. An F/A-18 with afterburner prepares to launch from the deck of the USS Dwight D. Eisenhower aircraft carrier in the Red Sea. Officials believe Iran was at one point using one of its suspected spy ships which has long been parked in the southern Red Sea, the Behshad, to help the Houthis target vessels there. Seconds or minutes to respondMeanwhile, the crew on board the USS Gravely destroyer in the Red Sea are the tip of the spear against inbound Houthi missiles and drones. But more often, the ship is deploying its anti-air and anti-surface missiles at closer ranges as Houthi missiles and drones close in.

Persons: Dwight D, Eisenhower, “, ”, Marc Miguez, Miguez, James Huddleston, ” Huddleston, Ike, Scott Pisczek, Marvin Scott, Samad, Iran’s, JG James Rodney, Sailors, “ It’s, FC1 Michael Zito, we’ve, ” CNN’s Scott Pisczek Organizations: Eisenhower CNN, Eisenhower, US, CNN, US Navy, Jets, Carrier, Carrier Air Wing, Carrier Air, Defense Intelligence Agency, Officials, Information Locations: Iran, Yemen, Sea, Russia, China, Red, ”, India, Djibouti, Gulf, Aden

☆ US Navy aircraft carrier going head-to-head with the Houthis has its planes in the air 'constantly,' strike group commander says
▼ + stars: | 2024-02-14 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Sailors perform work to a fighter jet on the USS Dwight D. Eisenhower. Everything happening on the flight deck represents only a portion of what it takes to keep aircraft in the sky. A fighter jet prepares for take off on the USS Dwight D. Eisenhower. A fighter jet takes off from the USS Dwight D. Eisenhower. AdvertisementA fighter jet lands on the deck of the USS Dwight D. Eisenhower.

Persons: —, DWIGHT D, Eisenhower, Marc Miguez, Ike, Dwight D, Jake Epstein, Miguez, Chris Hill, Marvin Scott, Scott Organizations: Service, EISENHOWER, Business, Navy, Carrier Strike, Eisenhower, Super Hornets, EA, Houthi, US Central Command Locations: Iran, Yemen, Gulf of Aden

☆ Disney stakes its claim in the upcoming Peltz board fight with an amazing quarter
▼ + stars: | 2024-02-07 | by ( Jeff Marks | ) www.cnbc.com time to read: +10 min

That's what makes the upcoming proxy battle between Disney and the activist investor Nelson Peltz so compelling. Peltz's Trian Partners investment firm oversees about $3 billion worth of Disney stock, including shares held by former Marvel Entertainment Chairman Ike Perlmutter. For its fiscal second quarter, Disney expects net additional subscribers to Disney+ between 5.5 million and 6 million, with domestic adding 7.5 million due to its agreement with Charter Communications, while international core subs decline modestly. Disney is getting closer and closer to achieving its first profitable DTC quarter, which it continues to expect in its fiscal fourth quarter. In the Experiences segment, Disney delivered record revenue, operating income, and operating margin in its fiscal first quarter.

Persons: Bob Iger, Iger, Hugh Johnston, Nelson Peltz, Jay Rasulo, Peltz's, Ike Perlmutter, Taylor, Taylor Swift, –, Johnston, Disney, WBD, That's, Jim Cramer's, Jim Cramer, Jim, Gabby Jones Organizations: Disney, Revenue, LSEG, Peltz's Trian Partners, Marvel Entertainment, Entertainment, Hulu, Netflix, Charter Communications, Networks, Walt Disney World, Disneyland, Cruise, Sports, ESPN, Fox, Warner Bros Discovery, CNBC, Management, Epic Games, Bloomberg, Getty Locations: Disney's, Florida, California, buybacks, Brooklyn , New York

☆ Here are the reasons why a new Wall Street upgrade of Apple is juicing the stock so much
▼ + stars: | 2024-01-18 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Apple got an upgrade from Bank of America, which took its rating on the stock to a buy from neutral. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Dow, UnitedHealth, Jim, Nelson Peltz, Disney, that's, Bob Iger, Ike Perlmutter, Peltz, Jim Cramer's Organizations: CNBC, Nasdaq, Dow, Humana, Apple, Bank of America, Disney, Marvel Entertainment Locations: Bank

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