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CNBC Daily Open: Wall Street looks past political uncertainty
  + stars: | 2024-07-23 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Tech reboundThe S&P 500 posted its biggest gain since June 5, recovering from its worst weekly slide since April, as tech stocks rebounded led by Nvidia. The move allows Warner Bros. to retain some of its NBA broadcasting rights. However, the NBA may not want Warner Bros. as a media rights partner and could reject the company's matching rights, which could lead to a legal tussle.
Persons: Russell, CrowdStrike, George Kurtz, Mark Green, Andrew Garbarino, Berkshire Hathaway, Walter Cho, Joe Biden's, Kamala Harris Organizations: CNBC, Tech, Nvidia, Nasdaq, Dow Jones Industrial, Homeland Security, Microsoft, Delta Air Lines, Buffett, Warren, Bank of America, Apple, Boeing, Korean Air, Farnborough, NBA, Warner Bros, Discovery, National Basketball Association, Amazon Prime, Trump Locations: U.S, Berkshire
A person familiar with the matter confirmed WBD’s matching offer Monday was for Amazon’s bid, which includes regular season and playoff games. It’s unclear if the NBA will accept or reject WBD’s offer, which the league intended for a streaming partner. The showdown over the NBA rights comes as legacy media companies struggle to retain audiences, with viewers opting to leave cable bundles behind in favor of cheaper, on-demand content. The cable channel TNT has built a programming slate around the NBA games, most notably the highly rated “Inside the NBA” show featuring Barkley, Ernie Johnson, Kenny Smith and Shaquille O’Neal. Asked last week about the fate of WBD’s broadcast rights, NBA Commissioner Adam Silver told reporters, “I don’t know yet.”“Much of it is outside my control,” he added.
Persons: ’ signoff, WBD, “ We’ve, , Turner Sports ’, Charles Barkley, ” Barkley, , I’m, Barkley, Ernie Johnson, Kenny Smith, Shaquille O’Neal, Adam Silver Organizations: New, New York CNN, Warner Bros, Discovery, TNT Sports, NBA, Disney, NBC, Amazon Prime, NBA’s, Governors, TNT, Amazon, Turner Sports, ESPN, Football, Netflix, NCAA, MLB, NHL, NASCAR Locations: New York
Goldman Sachs initiates Talos Energy as buy Goldman said the energy company has a "strong oil mix and free cash flow." Goldman Sachs downgrades Lennar to neutral from buy Goldman downgraded the homebuilder stock mainly on valuation. Goldman Sachs initiates Webtoon as buy Goldman said it's bullish on shares of the digital storytelling company. TD Cowen initiates Berkshire Hathaway as hold TD Cowen said it likes the stock but valuation is full right now. " "We upgrade CHRW to Buy from Underperform and raise our PO to $99 from $76, on 22.5x our 2025e EPS."
Persons: Wells, Piper Sandler, Piper, Goldman Sachs, Goldman, Guggenheim, CrowdStrike, Lennar, it's, TD Cowen, Berkshire Hathaway, Raymond James downgrades Estee Lauder, Raymond James, Fitch, JMP, it's bullish, Jefferies, Baird, Henry Schein, Bernstein, Stifel, BURL, Morgan Stanley, Robinson, Oppenheimer, Coinbase's Organizations: Apple, Nvidia, Energy, Talos Energy, Guggenheim, Webtoon Entertainment, Inc, JPMorgan, Abercrombie, Citi, Tamboran Resources, Resources, Nvidia Citi, Amazon, ramping, Airlines, AAL, opp, Jefferies, Genomics, Micron Citi, MU, Samsung, " Bank of America, Underperform Locations: Berkshire, China, U.S, Wells Fargo, Burlington, 3Q24
Warner Bros. Warner Bros. Warner Bros. Warner Bros. Warner Bros.
Persons: David Zaslav, NBCUniversal Organizations: Warner Bros, Discovery, National Basketball Association, Amazon Prime, NBA, Warner Bros . Discovery, TNT, Amazon, Disney, Comcast, CNBC
Most notably, the 10th track, "Can You Feel Me," includes a feature from Glover's eldest son, Legend. "I think grace is undervalued in the world," Glover told The New York Times. Glover shares three children with his wife, Michelle White: Legend, Drake, and DonaldGlover was initially linked to White in 2016. "This song is dedicated to everybody in this crowd and my young son, Legend," Glover said onstage before performing "Baby Boy," per Billboard. Two years later, Glover revealed he and White had welcomed a third child "during the coronavirus."
Persons: , Donald Glover, Childish Gambino, Glover, Bando Stone, Gambino, Daddy, God, Michelle White, Drake, White, Glover didn't, Michelle, Michaela Coel, George Floyd, Donald Glover Sr, Smith, Lionel Hahn, Glover cocreated, Maya Erskine Organizations: Service, Business, New York Times, Governors Ball, Hollywood Locations: White, Hawaii
Nathaniel S. Butler | National Basketball Association | Getty ImagesWith National Basketball Association media rights approaching final form, Warner Bros. The league has sent official terms of its proposed new media rights contacts to Warner Bros. Warner Bros. Warner Bros. Warner Bros.
Persons: Jaylen Brown, Nathaniel S, Butler, Comcast's, Discovery's Turner, Max, Ernie Johnson, Charles Barkley, Kenny Smith, Shaquille O'Neal, Barkley Organizations: Boston Celtics, Dallas Mavericks, National Basketball Association, Getty, Warner Bros, Discovery, TNT, Disney, WNBA, CNBC, Amazon, NBA, Warner Bros . Discovery, Discovery's Turner Sports, Max, Amazon's Locations: Boston
Stream These 6 Great Bob Newhart Performances
  + stars: | 2024-07-18 | by ( Noel Murray | ) www.nytimes.com   time to read: +2 min
The legend of Bob Newhart, who died on Thursday at 94, holds that he was once just an ordinary Chicago accountant who honed a stand-up act in his spare time. Overnight, the story goes — almost accidentally — he became a Grammy-winning sensation with his debut album, “The Button-Down Mind of Bob Newhart,” a collection of one-man sketches in which he play-acts one half of funny conversations. Newhart worked in advertising for longer than he did in accounting; and his showbiz ambitions were never just an afterthought. He then played variations on his stand-up character in two hit sitcoms: “The Bob Newhart Show” through much of the ’70s and “Newhart,” which ran from 1982 to 1990. In doing his bits about ordinary schmoes in extraordinary situations — such as crossing paths with King Kong or consulting with Abe Lincoln — Newhart spoofs the language of American life.
Persons: Bob Newhart, , , Newhart, innately, Everyman, “ Newhart, King Kong, Abe Lincoln — Newhart Organizations: Apple, Amazon Prime Locations: Chicago
The best Prime Day deals under $25 can satiate that instinct to shop while the getting is good and still pay mind to your budget. Shop all Prime Day deals under $25 here. Top 5 Prime Day deals under $25:More of the best Prime Day deals under $25Staff Pick Vacation Super Spritz SPF 50 Sunscreen Face Mist $18.75 $25.00 Save 25% This makeup-friendly fine mist face spray, which is paraben-free and dermatologist-tested, dries quickly and is water-resistant for up to 80 minutes. In order to shop on Prime Day, you'll need an Amazon Prime membership. Shopping for more great Amazon Prime Day deals?
Persons: there's, La Roche, Kate Spade, We've Organizations: Business, Amazon, Adidas, Coffee, Brewers, New, Amazon Prime Locations: York, influencers, New York City
Learn moreToday is the final day of Amazon Prime Day, so it's time to lock in any Prime Day beauty deals still in your cart before prices go back up after midnight tonight. The scope on prices is wide this year, so here we've curated an affordable array of products to inspire your Prime Day beauty haul. Are Prime Day beauty deals good? A few of our favorite brands hosting some of the best Prime Day beauty deals include Laneige, belif, Sunday Riley, Dyson, and Revlon. Check out our roundup of all of the best Prime Day deals here, or browse Amazon's website for more.
Persons: Sunday Riley, Laneige, Dyson, skincare, Aestura, , Gabrielle Chase, , Elizabeth Arden, Amazon Staff Pick Anastasia Beverly, Anastasia Beverly, haircare, it’s, — doesn’t, We've Organizations: Business, Amazon, Revlon, Amazon Staff, Elizabeth, Amazon St, St, Dyson, Daily Defense, Defense Locations: Tropez, belif
While some of the best Amazon Prime Day deals include sales on Apple products, TVs, and other tech items, Prime Day is also a great time to invest in personal care items. Whether shopping for yourself or gifting someone else, Prime Day is the best time to splurge on a high-end shaver without breaking the bank. View at Amazon What we like Check mark icon A check mark. Additionally, we've consistently found that Amazon Prime Day offers the lowest prices on some of the best products. In order to shop on Prime Day, you'll need an Amazon Prime membership.
Persons: I've, shaver, we've, Pricey Philips, trimmer, It's, Amazon Philips Norelco Shaver, Remington Balder, Gillette Organizations: Business, Apple, Mower, Best Prime, Braun, Amazon Philips, Philips, Remington, Amazon
Wolfe Research initiated coverage of Amazon with an outperform rating, calling for nearly 30% upside. 7:03 a.m.: Goldman Sachs increases Spotify price target Goldman Sachs thinks Spotify will surpass Wall Street's second-quarter earnings forecasts. The firm and increased its price target to $320 from $317 on shares while maintaining a neutral rating. The analyst upgraded the e-commerce stock to buy from neutral and raised his price target to $82 per share from $78. Analyst Alan Gould downgraded the forum social network stock to hold from buy and reiterated a $75 per share price target.
Persons: Wolfe, Goldman Sachs, Wall, Eric Sheridan, Brian Evans, Shopify, Brad Sills, Sills, — Brian Evans, Jefferies, Surinder Thind, Piper Sandler, Peter Keith, Keith, DLTR, Alan Gould, Gould, Shweta, Khajuria, Fred Imbert Organizations: CNBC, Wolfe Research, Bank of America, Spotify, Jefferies, EPAM, EPAM Systems, Trump, Biden, Democrat, Advertising, Cloud Computing, Health, Business, Amazon Logistics Locations: Reddit, Monday's
Read previewThe battle between streamers for TV ads is ushering in a new push for brand partnerships, from joint marketing campaigns to product placements. It's also bringing in ad chief Peter Naylor's team into conversations brands are having with VP Magno Herran, who's long overseen marketing partnerships. AdvertisementBrand reps looking to discuss partnerships have noticed Netflix and Amazon ad salespeople popping up unexpectedly in meetings. To fuel their efforts, they're hiring legacy TV ad sellers, throwing extravagant TV upfronts presentations, and adding live events and sports to sweeten their offerings for advertisers. AdvertisementApple TV+ doesn't have an advertising tier (yet), but it's pushing more into brand partnerships, recently hiring an Endeavor exec to work on brand deals across its titles.
Persons: , who've, It's, Peter Naylor's, Magno Herran, Lauren Anderson's, Alan Moss, Jennifer Verdick, Elisabeth Daniels, Maisel, They're, Jen Cowan, Libby Bush, Bush Organizations: Service, Netflix, Business, MGM Studios, WWE, Cannes, Brands, Amazon, Marriott, PQ Media, Talent, CAA, Ally, Apple, Endeavor Locations: Banks
Amazon is a buy ahead of its annual Prime Day starting Tuesday — even as the stock has rallied hard this year. One potential catalyst for the stock is Amazon's annual Prime Day event and its ripple effects. JPMorgan, for one, said Prime Day will help Amazon "rationalize inventory levels" ahead of higher consumer demand in the second half of the year. They also said Prime Day should be a driver for Amazon's advertising business, particularly on Amazon Prime Video ad spend. 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, Andy Jassy, Cramer, Jim Cramer's, Jim, Michael Kappeler Organizations: CNBC, Amazon, Shoppers, Adobe Analytics, JPMorgan, Bank of America, Amazon Prime, Getty Locations: Manhattan
Read previewParamount's flagship streaming service gets less attention and respect than it deserves — including, perhaps, from its new owners. Skydance, led by aspiring media mogul David Ellison, publicly unveiled its plan to invest billions into the so-called "New Paramount." Those lines likely have employees in Paramount's streaming division shaking in their shoes. It certainly sounds like Skydance is keen on trimming spending on the service or shacking it up with another streaming service like Warner Bros. Paramount's streamer had the highest share of subscriptions added in the first quarter in the US, according to data from Antenna.
Persons: , Skydance, David Ellison, Ellison, Discovery's Max, Max, there's, Puck's Matthew Belloni Organizations: Service, Paramount, CBS, Nickelodeon, Business, Warner Bros, Netflix, Amazon Prime Locations: Canada, Mexico, Australia, Europe, Latin America, South America
All eight episodes of "My Lady Jane" dropped on Prime Video on June 27. AdvertisementThe premise is deranged in the best wayWhat, exactly, is "My Lady Jane" about? The chemistry between Jane and Guildford is sizzling"My Lady Jane" is a perfect example of enemies-to-lovers. But there's more to the show than romanceThe world of "My Lady Jane" is populated by multiple complex and compelling characters who are all vying for the throne in some way. But "My Lady Jane" never stops with the laughs.
Persons: , Jane, King Edward VI's, Jane Grey —, jane …, trish, @ULTRAGLOSS, Emily Bader, Guildford, Edward Bluemel, Penelope, Colin, Nicola Coughlan, Luke Newton, wasn't, hasn't, Kate, Anthony, we'd, Darcy, It's, Will Mondrich, Mary, Edward, it's, Jane's, who's, King Edward dead …, Benedict, Francesca, Francesca Bridgerton, John Stirling, Dickinson, Charlotte, Taylor, Kate O'Flynn, Princess Mary, Dominic Cooper, Lord Seymour Organizations: Service, Slate, Forbes, Variety, Rotten, Business, Guildford, WLW, Netflix Locations: Guildford, Jane
All eight episodes of "My Lady Jane" dropped on Prime Video on June 27. AdvertisementThe premise is deranged in the best wayWhat, exactly, is "My Lady Jane" about? The chemistry between Jane and Guildford is sizzling"My Lady Jane" is a perfect example of enemies-to-lovers. While the relationship between Jane and Guildford is a huge part of the show, there's a lot more going on in this universe. But "My Lady Jane" never stops with the laughs.
Persons: , Jane, King Edward VI's, Jane Grey —, jane …, trish, @ULTRAGLOSS, Emily Bader, Guildford, Edward Bluemel, Penelope, Colin, Nicola Coughlan, Luke Newton, wasn't, hasn't, Kate, Anthony, we'd, Darcy, It's, Will Mondrich, Mary, Edward, it's, Jane's, who's, King Edward dead …, Benedict, Francesca, Francesca Bridgerton, John Stirling, Dickinson, Charlotte, Taylor, Kate O'Flynn, Princess Mary, Dominic Cooper, Lord Seymour Organizations: Service, Slate, Forbes, Variety, Rotten, Business, Guildford, WLW, Netflix Locations: Guildford, Jane
"I don't want it broken up," Jim Cramer said Tuesday during the Club's Morning Meeting . The Jefferies analysts used their SOTP to justify raising their Amazon price target to $235 per share from $225. They think AWS accounts for $96 of the new PT, with advertising at $68. Amazon also gathers data from shipping logistics, Alexa requests, and even home security given its ownership of the Ring and Blink camera companies. 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, Jefferies, Jim Cramer's, Jim Organizations: Big Tech, Services, EV, Subscription, Jefferies, AWS, Investors, Amazon Music, Amazon, Foods, CNBC, Future Publishing Locations: Washington
This person is one of over a dozen Amazon employees, investors, and analysts that BI interviewed to better understand Jassy's first 3 years as CEO. Andy Jassy replaced Jeff Bezos (pictured here) as Amazon's CEO in July 2021. In his first 3 years as CEO, Jassy has lost many senior staff. Amazon's spokesperson said the company has "strong retention and continuity" among senior leaders. Amazon's spokesperson said the company is making "huge investments" in AI across AWS and the retail business.
Persons: , Andy Jassy, Jeff Bezos, Jassy, Bezos, EMMANUEL DUNAND, Mark Shmulik, Bernstein, Bernstein's Shmulik, He's, Shmulik, Amazon's, That's, spokespeople, Jassy doesn't, Doug Herrington, Jay Carney, Dave Limp, Adam Selipsky, Dave Clark, Clark, Ted S, Babak Parviz, Parviz, Mark Mahaney, We're, Jeff Organizations: Service, Business, Amazon, Washington Post, BI, Warren, Echo, Microsoft, AWS Locations: Seattle
As investors navigate this complicated environment, they may turn to research from top-rated Wall Street analysts as they search for stocks with strong balance sheets and solid growth prospects. With that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Attractive features like Prime Video, Free Same Day Delivery, Prime Music and Grocery made the Prime membership more attractive to the survey respondents. 1 Large Cap Long," with the survey results backing the company's long-term investment thesis. The analyst expects Twilio to gain from the demand for artificial intelligence-based automated responses that ensure timely and cost-effective customer interaction.
Persons: Goldman Sachs, Toshiya Hari, Hari, TipRanks, Mark Mahaney, Mahaney, Amazon's, Grocery, Ivan Feinseth, Twilio, Feinseth Organizations: Micron Technology Chipmaker Micron Technology, MU, Micron, Online, Amazon Retail, Walmart, Amazon Web, North American Retail Locations: FY4Q, U.S
Both companies made a splash at this year's upfront presentations, where streamers make their pitches for the nearly $70 billion in annual TV ad spending and advertisers seek to lock down the bulk of their annual TV ad commitments. But among newer streamers, it's Amazon that's winning advertisers' wallets, several ad buyers told Business Insider. AdvertisementAmazon's big increase in ad inventory and lower ad prices, of about half the ad rate ($30 per 1,000 impressions) that Netflix sought when it launched its ad tier in 2022, put pressure on other TV ad sellers to lower their prices. A second ad-holding-company exec said they expected Amazon to be the third or fourth biggest TV ad seller in the upfronts, behind traditional TV stalwarts NBCUniversal and Disney and potentially YouTube. Data has shown that people watch three times as much Netflix as they do Prime Video, although Prime Video viewing is growing.
Persons: , execs, NBCUniversal, They're, catchup, Netflix's, Max, Ed Papazian Organizations: Service, Netflix, Amazon, Business, Disney, Warner Bros, gunning, Sports, NBA, NFL, NASCAR, National Women's Soccer League, National Basketball Association, WWE, Fox, Wall Street, Prime, NBC, Media Dynamics
Talent management firm Night is shutting down its in-house production arm, Night Studios. The company has parted ways with Alex Piper, who served as the head of Night Studios, and Jared Jacobs, who was the vice president of development. Related storiesPiper joined Night Studios in 2022 after serving as YouTube's head of unscripted originals, and Jacobs came on in 2023 from Mark Wahlberg's Unrealistic Ideas. AdvertisementPiper posted to LinkedIn on Wednesday confirming his exit from the company, writing that Night Studios "got shut down." "Most top creators no longer view premium distribution as the ultimate goal," Duchscher wrote in his statement.
Persons: Alex Piper, Jared Jacobs, Reed Duchscher, Piper, Jacobs, Mark Wahlberg's, Duchscher, Jessica, Kai, YouTuber Ryan Trahan, Jimmy Donaldson, Donaldson Organizations: Service, Talent, Studios, Night Studios, Netflix, Amazon
A satellite dish is no longer the only way bars and restaurants can air the National Football League's package of "Sunday Ticket" games. With this acquisition, bars, restaurants, casinos and other businesses will be able to stream "Sunday Ticket" games. "Sunday Ticket" is an integral sports package for bars and restaurants since it provides all out-of-market NFL games. Since then, the media rights owners of NFL games have begun to offer games simultaneously on their streaming services — and in some cases exclusively. Netflix also recently won the rights to air two NFL games on Christmas this year, and at least one on the holiday in the following two years.
Persons: EverPass, it's, Alex Kaplan, We're, Peacock Organizations: NFL, Denver Broncos, Seattle Seahawks, Football, EverPass Media, RedBird Capital Partners, DirecTV, EverPass, Google, YouTube, Amazon, Comcast, Netflix Locations: New Jersey
The names fans gushed over at this year's VidCon creator conference, held last week in Anaheim, California, weren't the influencers you might expect (or maybe I'm just getting old?) Here are seven top takeaways from VidCon 2024, from the reign of Minecraft streamers to the struggles of once-buzzy startups:Creator collective, Krew, meeting fans at VidCon. Fans of these Minecraft creators lined up outside the convention center each morning, often dressed in cosplay related to the creator's videos. Last year, creator startups made a huge splash at VidCon. Related storiesBut this year, traditional media companies replaced creator startups as sponsors.
Persons: , Jessica Bravura, Bravura, Products Amjad Hanif, Patrick Stevenson, VidCon, Tara, Alpha, TikTok, Tara Yummy, Jake Webber, Johnnie Guilbert, Hank, John Green, Amanda Perelli, Instagram, Meta, Ray, Twitch, Alix Earle, Jake Shane, Braxton Berrios, Dave Benett Organizations: Service, YouTube, Business, Products, White, Leadership Summit, SXSW, Cannes Lions, Merrell Twins, Publish Press, Disney, Hyatt Regency, YouTube Gaming, Hyatt, Facebook, UTA, Riviera, Cannes Locations: Anaheim , California, Bravura, VidCon, Spotify's, Australia
South Africa found similar success with its semi-final game against Afghanistan, which saw South Africa win by nine wickets with 67 balls left. Check price at FuboHow to watch India vs. South Africa in the UKThe India vs. South Africa final will be available through Sky Sports in the UK, where prices and contracts vary by plan. How to watch India vs. South Africa in AustraliaThe India vs. South Africa game will live stream through Prime Video in Australia, where subscriptions start at $9.99 a month. How to watch India vs. South Africa in IndiaThe India vs. South Africa final will stream for free through the Disney+ Hotstar mobile app in India. How to watch India vs. South Africa in South AfricaThe ICC Men's T20 World Cup final will live stream through DStv in South Africa.
Persons: we've, Sling's Desi, VPNs, ExpressVPN Organizations: Business, South Africa's, teams, ICC, Afghanistan, South Africa, India, US, Sling, South, Sky Sports, Disney, Cricket Locations: India, South, Africa, South Africa, England, Australia, DStv
Gigi is a startup that aims to make it easier for brands to buy and measure streaming video ads with Amazon. The firm also provides advertisers with granular metrics like the incremental reach of a TV ad campaign, Epstein said. AdvertisementAs third-party cookies go away, Gigi's pitch plays up brands' first-party data to create more effective Amazon ads. For example, a Shopify merchant can analyze data from their Shopify website with Amazon data to find audiences to target with ads. Gigi wants to work with agenciesThe bulk of Amazon ads are bought using traditional shopper marketing dollars, but Epstein said that his firm is squarely focusing on TV ad budgets.
Persons: , Gigi, Adam Epstein, Epstein, Gigi Gigi Gigi, Omnicom, Capital, adtech execs, Mike Baker, Rosco Hill Organizations: Service, Amazon, Business, Amazon's, Wall, Amazon Marketing, AMC, Ascential, Ascential's, Golden Ventures, AperiamVentures Locations: Rosco
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