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TSLA YTD mountain Tesla stock in 2024. Jonas reiterated his overweight rating on Tesla stock, and his price target implies 45% upside. Wells Fargo, $125 per share price target Wells Fargo isn't a buyer after the strong results, citing high valuations. His neutral rating and $250 per share price target implies roughly 17% upside ahead. Barclays, $220 per share price target Barclays had positive takeaways from the report but reaffirmed that questions remain around Tesla's artificial intelligence and full self driving initiatives.
Persons: Elon Musk, Tesla, they're, Morgan Stanley, Morgan Stanley's Adam Jonas, Jonas, Wells, Colin Langan, Langan, Goldman Sachs, Mark Delaney, Delaney, Dan Levy, Levy, John Murphy, Murphy Organizations: FactSet, Tesla, Barclays, Bank of America Locations: Texas, California, Shanghai
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's a large upgrade cycle to come for Apple's iPhone, says Morgan Stanley's Erik WoodringErik Woodring, Morgan Stanley analyst, joins 'Closing Bell' to discuss Apple following a tough analyst call on iPhone demand.
Persons: Morgan Stanley's Erik Woodring Erik Woodring, Morgan Stanley Organizations: Apple
Year-End Economic Forecast & 2025 Projections
  + stars: | 2024-10-24 | by ( Sharon Epperson | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYear-End Economic Forecast & 2025 ProjectionsNovember kicks off with a historic election followed by the next Federal Reserve meeting. How will the markets and the economy react to both events in the short and long term? J.P. Morgan Asset Management Global Market Strategist Jordan Jackson shares what investors can expect and how they should prepare heading into next year.
Persons: Jordan Jackson Organizations: Reserve, Morgan Asset Management Global
Here are Thursday's biggest calls on Wall Street: KeyBanc downgrades Verizon to sector weight from overweight KeyBanc downgraded the telecom provider following earnings. Jefferies initiates California Resources at buy Jefferies says the energy company has a differentiated offering. " TD Cowen reiterates Microsoft as buy The firm recommended Microsoft heading into earnings next week. Bank of America reiterates Amazon as buy Bank of America touted Amazon ahead of earnings next week. Morgan Stanley reiterates Tesla as overweight The firm says it's sticking with top pick Tesla following earnings on Wednesday.
Persons: KeyBanc, Jefferies, Bernstein, ServiceNow, TD Cowen, Wells, Susquehanna, Lisa Su, SRE, Morgan Stanley, Tesla, Rosenblatt, Apple Organizations: Verizon, " Bank of America, IBM, Bank of America, CRC, Facebook, Google, Microsoft, Deutsche Bank, Deutsche, JPMorgan, NextEra Energy Partners, NextEra Energy, AMD, Sempra Energy Locations: California, Regions
"Woman of the Hour" is based on the true story of serial killer Rodney Alcala appearing on a dating show. AdvertisementNetflix's new movie "Woman of the Hour" takes inspiration from the wild story of serial killer Rodney Alcala competing on a dating show, but recenters the narrative on a woman who narrowly evaded becoming one of his victims. Here's how two key secondary characters in "Woman of the Hour," Amy and Laura, are inspired by real-life people. Related storiesIn 'Woman of the Hour,' teen runaway Amy outsmarts Rodney and is instrumental in him getting arrestedAutumn Best as Amy in "Woman of the Hour." Laura's experience reflects the way the real Alcala was reported to law enforcement multiple times but didn't face consequences until much later in life.
Persons: Rodney Alcala, Amy, Monique Hoyt, Laura, , Anna Kendrick, Sheryl, Daniel Zovatto, Rodney, Cheryl Bradshaw's, Rodney's, Alcala, Tali Shapiro, Morgan Rowan, Amy outsmarts Rodney, Netflix Amy, she'd, Hoyt, Nicolette Robinson, Leah Gallo, Alison, Ken, Max Lloyd, Jones, Kendrick, Tudum Organizations: Service, ABC, Alcala, Netflix Locations: Alcala, Here's, San Gabriel , California, Corcoran
Dexcom — Shares slid nearly 7%, despite the manufacturer of diabetes management devices posting a third-quarter adjusted earnings and revenue beat. L3Harris reported adjusted earnings of $3.34 per share on revenue of $5.29 billion, while analysts polled by LSEG had expected $3.26 per share on $5.28 billion in revenue. Boyd reported adjusted earnings of $1.52 a share, beating the consensus estimate of analysts polled by FactSet by 12 cents. In the third quarter, Capital One reported adjusted earnings of $4.51 per share on revenue of $10.01 billion. The company's provision for credit losses came in at $2.48 billion, versus the $2.83 billion estimate from analysts polled by StreetAccount.
Persons: Dexcom, LSEG, Kate Spade, Gucci, Michael Kors, Jimmy Choo, FactSet, Morgan Stanley, Skechers, Boyd, Darla Mercado, Lisa Kailai Han, Christina Cheddar Berk Organizations: Technologies, Tapestry, LSEG, Kinsale Capital, Kinsale, Joby Aviation, Allen, Co, FactSet, Boyd, Revenue, StreetAccount Locations: Kinsale
Investors should beware of a contested US election, BlackRock's Jean Boivin told Bloomberg TV on Thursday. AdvertisementInvestors are dismissing the risk of a disputed US election, BlackRock Investment Institute head Jean Boivin told Bloomberg TV on Thursday. Recent battleground state polling shows a race too close to call with the election less than two weeks away. Other market strategists have echoed in recent weeks Boivin's concern over what an election dispute would mean for markets. Meanwhile, stocks rose during Trump's election dispute in 2020, likely due to signs that the COVID-19 pandemic was ending.
Persons: BlackRock's Jean Boivin, , Jean Boivin, Boivin, Donald Trump, Kamala Harris, hasn't, Morgan Stanley, Brian Gardner, George W, Bush, Al Gore, Gardner Organizations: Bloomberg, Service, BlackRock Investment Institute, Trump, Republican Locations: Washington
A handful of stocks that are on deck to report earnings have historically surpassed Wall Street estimates and seen shares move the day they report. The 24% of S & P 500 companies that have reported quarterly results have so far collectively notched roughly 2% earnings growth. Some of the biggest companies set to report next week include Meta Platforms and Mastercard . The stock typically beats analysts' estimates 80% of the time or more. The stock has averaged a gain of more than 2% the day after each earnings report.
Persons: Mark, Justin Post, Morgan, James Faucette Organizations: Wall, Mastercard, Investment, Facebook, Bank of America, FactSet, Visa, Trimble Inc
Against this backdrop, Wolfe Research released a basket of stocks that might be impaired under a Trump presidency. These companies would be at risk either under a 10% universal duty or 60% China tariffs. Beauty and cosmetics manufacturer Estée Lauder , down about 40% this year, could also face repercussions under a Trump win. Analyst Angel Castillo's revised price target of $332, down from $349, is approximately 14% lower than where shares closed on Wednesday. Other than these stocks sensitive to tariffs, Wolfe Research also suggested a few other ways to play the election.
Persons: Donald Trump, Wolfe, Trump, Estée Lauder, Rambourg, Morgan Stanley, Angel, Goldman Sachs, Patterson, Kamala Harris, Wolfe's Organizations: Republican, Wolfe Research, Democratic, Eagle Outfitters, Eagle, Bank of America, Trump, HSBC, Caterpillar, UTI Energy, NextEra Energy, Centene, AES Corp Locations: China, Greater China
Market Navigator: Navigating the health of the housing sector
  + stars: | 2024-10-24 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket Navigator: Navigating the health of the housing sectorJim Egan, Morgan Stanley U.S. securitized products research, joins 'Power Lunch' to discuss the health of the housing sector.
Persons: Jim Egan, Morgan Stanley Organizations: Morgan Stanley U.S
Ashley Brundage is one of two out transgender candidates running for a seat in the Florida House of Representatives. NBC News spoke with seven transgender candidates who are running for seats in state legislatures nationwide about what they hope to accomplish if they are elected. Courtesy Lisa Middleton CampaignA steady riseAt least 18 out trans candidates are running for seats in state legislatures this election cycle, according to the LGBTQ Victory Fund, a super PAC focused on electing LGBTQ candidates. They are running against a national political backdrop in which trans people have come to play an outsized role. Trans candidates’ presence on ballots has only continued to rise since 2017, when Virginia’s Danica Roem became the first out trans person elected to a state legislature.
Persons: Ashley Brundage, Ron DeSantis, Brundage, DeSantis, she’d, DeSantis —, , ” Brundage, , Lisa Middleton, Donald Trump, Gabriele Magni, ” Trump, Magni, there’s, Virginia’s Danica Roem, hasn’t, Sarah McBride, Sean Meloy, McBride, Nathan Bruemmer, Middleton, it’s, , Kim Coco Iwamoto, Lorna Woo, Veronica Pejril, Pejril, Wick Thomas, ” Thomas, Transphobia, , ” Iwamoto, Thomas, they’ve, Babe Pejril, It’s, ” Pejril Organizations: Republican, NBC, Democratic, City Council, Victory Fund, Pew Research, Loyola Marymount University, LGBTQ Victory Institute, Delaware Senate, Democrat, Florida Legislature, Florida Department of Agriculture, Consumer Services, Indiana Senate, Missouri, NBC News, Gun Safety Locations: Florida, California, Palm Springs, Calif, Los Angeles, Delaware, Tampa, Hawaii, Indiana, Greencastle, Council
Morgan Stanley is expanding the use of OpenAI-powered, generative artificial intelligence tools to its vaunted investment banking and trading division, CNBC has learned. It’s most in-demand among salespeople and other client-facing staff who often field questions from hedge funds or other institutional investors, said Huberty. Productivity boostIn a recent demonstration, the GPT-4 based chatbot was able to summarize Morgan Stanley’s position on matters from copper to Nvidia to the finer points of standing up a data center, understanding industry-specific jargon and providing charts and links to source material. The tool is embedded within workers’ browsers as well as Microsoft Teams and Outlook programs to make it readily available. Understandably, Huberty says she is often asked if AI could ultimately replace the analysts who are creating the reams of research published under Morgan Stanley’s banner.
Persons: Morgan Stanley, Katy Huberty, Morgan, ” Huberty, Wall, Pierre Buhler, ” Buhler, ” It’s, Goldman Sachs, Huberty, that’s, , chatbot, Morgan Stanley’s, Organizations: CNBC, JPMorgan Chase, SSA, Co, JPMorgan, Employees, Productivity, Nvidia, Microsoft Locations: San Francisco
The number of manufacturing jobs has fallen 45 percent since the late 1990s, as factories have shuttered or moved to Mexico, China and elsewhere. Canton represents the kind of struggling manufacturing town that once churned out American products. They argue that the candidates’ proposals aren’t enough to reverse the trends — globalization, free trade agreements, automation and other technological changes — that caused manufacturing jobs to leave America in the first place. That helps explain why, despite Mr. Biden’s subsidies, the number of manufacturing jobs nationwide remains 34 percent lower than it was in the late 1970s. Modern manufacturing jobs also often require a postsecondary education.
Persons: Hoover, Donald J, Trump, Kamala Harris, Trump’s, , Alec Stapp, Kimberly Kenney, McKinley, Organizations: Industries, Canton, Canton Board of Trade, Institute for Progress, Federal, Companies, McKinley Presidential Library and Museum, Local Locations: Canton , Ohio, Canton, Mexico, China, United States, American, Phoenix, Silicon Valley, Boston, fracking, City
CNN —Senate Minority Leader Mitch McConnell delivered a scathing assessment of the modern Republican Party in an upcoming biography, saying the “MAGA movement is completely wrong” and that Ronald Reagan “wouldn’t recognize” the party today. The Republican leader eventually voted to acquit Trump during the second impeachment trial, focused on the former president’s involvement in the January 6, 2021, attack on the Capitol. However, Tackett reports that McConnell had leaned towards voting to convict at certain points. However, McConnell has endorsed Trump, and met with him back in June of this year during Trump’s meeting with Senate Republicans off the Hill. McConnell also expressed support for special counsel Jack Smith’s investigation into Trump’s actions around the 2020 election and the insurrection.
Persons: Mitch McConnell, MAGA, Ronald Reagan “, Trump, Ronald Reagan, ” McConnell, Michael Tackett, Power ”, McConnell, “ Trump, haven’t, , , it’s, acquit Trump, “ I’m, he’s, Elaine Chao, Chao, Coco Chow ”, ” Tackett, Donald Trump, Donald Trump’s, JD Vance, Lindsey Graham, Sen, Rick Scott, Senate Republicans ’, Scott, Rick, Clarence Thomas “, I’m, Thomas, Thomas ’, Jack Smith’s, hasn’t, CNN’s Manu Raju, Ted Barrett Organizations: CNN, Republican Party, Associated Press, Republicans, Republican, Capitol, GOP, Kentucky Republican, Senate, Senate Republicans Locations: , China
It isn’t just that the two likely MVPs are playing in this World Series, which begins Friday at Dodger Stadium. It isn’t just that two of the most formidable you-need-to-buy-their-jersey dollar/yen machines of modern times are playing in this World Series. But everything he has done has led him to this moment, to this week, to this World Series. It’s to play in a World Series as a Yankee and do whatever he can to leave people — his people — with a World Series memory for a lifetime. Will it be enough to fulfill Dave Roberts’ prediction that there will be more eyeballs on this World Series around the world than ever before?
Persons: Steph, Tom Brady, Peyton Manning, Aaron Judge, , let’s, We’ve, Magic Johnson, Larry Bird, , Jerry Hairston Jr, Hairston, you’ll, Ohtani, “ I’m, “ They’re, Daniel Shirey, Shohei Ohtani, he’s, Ty Cobb, Ted Williams, Dave Roberts, He’s, David Dermer, Aaron Judge’s, it’s, Don Mattingly, Randy Levine, , Levine, ” Levine, we’ve, Aaron Boone, Ronald Martinez, ’ MVPs, Miguel Cabrera, Buster Posey, Johnny Bench, Boog Powell, Joe Morgan, Fred Lynn, Thurman Munson, Mike Schmidt, George Brett 1988, Kirk Gibson, Jose Canseco, Stan Musial, Mickey Mantle, Henry Aaron, Bob Gibson, Denny McLain, George Brett, Vincent Carchietta, Lou Gehrig, Mel Ott, Joe DiMaggio, Duke Snider, Kirby Lee, There’s, Mantle, Roger Maris …, NFL LeBron James, Steph Curry, Magic, Michael Jordan, Wilt Chamberlain, Bill Russell, Patrick Mahomes, Brady, John Elway, Brett Favre, Joe Montana, Terry Bradshaw, Roger Staubach, Joe Namath, Johnny Unitas, Judge isn’t Lebron, Steph Brian Anderson, Brian Anderson, Giancarlo Stanton, Emmanuel Clase, ” Anderson, Wouldn’t, Anderson, Tiger Woods, Ohtani …, LeBron James, Jerry Rice, “ You’re, “ It’s, Dan Goldfarb, Dustin Bradford Organizations: NBA, Dodgers, Yankees, Dodger, Mets, Citi, , Rosenthal, Giants, Padres, Monday, Yankee, National League, American League, Reds, Red, Munson’s Yankees, Baseball, . Dodgers, NFL, Super, Turner Sports, Major League Baseball, Tiger, Kansas City, Royals, titans Locations: Starkville, West, San Diego, San Francisco, Los Angeles, Cleveland
Legal tech startup Genie AI has secured $17.8 million from Google Ventures and Khosla Ventures. AdvertisementLegal tech startup Genie AI has just secured a $17.8 million Series A from Google Ventures and Khosla Ventures. "The main issue that lawyers have is that they are always overworked and understaffed," said Rafie Faruq, the cofounder and CEO of Genie AI. The Series A round, led by early OpenAI-backer Khosla Ventures and Google Ventures, the VC arm of Google parent company Alphabet, takes the startup's total funding to around $20 million. Genie AI said the cash injection will allow it to expand in the US.
Persons: Rafie Faruq, , Michael Lacorazza, Faruq, Genie, We're, AI, Harvey, It's, we'll Organizations: Google Ventures, Khosla Ventures, Service, Genie, Bank, Microsoft, Google Locations: London
But recent sales data from the auto-industry tracker Cox Automotive is worth examining ahead of Tesla's results on Wednesday. Tesla sold almost 17,000 Cybertrucks in the third quarter, Cox estimated, making it the third-most-popular EV in the US during the period. That's more than Ford's F-150 Lightning, Rivian's R1T, and Chevy's Silverado EV, Cox data shows. General Motors reported surprisingly solid results earlier this week and highlighted strong EV sales. Related storiesSome of this recent EV strength has been driven by lease incentives, which are available in the US to more buyers.
Persons: Elon, Tesla, Cox, Rivian's R1T, It's, Goldman Sachs, Morgan Stanley, Bernstein Organizations: Cox, Tesla, Silverado, DeLorean, Motors, EV, UBS
The natural gas liquids midstream space is "relatively defensive," she added. Here are a few of the stocks that Salisbury's team highlighted with buy recommendations. "Even in softening oil environment, still surprisingly cheap compared to how much cash could be paid out if capex/acquisitions ever slow even a little bit," Salisbury's team noted. Finally, Bank of America called out Kinder Morgan , saying it is among the "key beneficiaries of long-term U.S. gas demand inflection in 2025." As gas demand rises, Bank of America sees a positive catalyst for brownfield gas pipelines — as in, pipelines that are already part of an existing facility, rather than those that are newly built.
Persons: Jean Ann Salisbury, Kinder Morgan Organizations: Bank of America, Enterprise Products Partners, Bank of, Enterprise, Enterprise Products, Williams Locations: Lake Charles , Louisiana, Arizona, East Coast, Pacific
New York CNN —A day after an E. coli outbreak tied to Quarter Pounders in the western part of the United States left one dead and 10 hospitalized, McDonald’s entered full damage-control mode. “We are very confident that you can go to McDonald’s and enjoy our classics,” McDonald’s USA President Joe Erlinger said on NBC’s “Today” Wednesday. Most of the illnesses are in Colorado and Nebraska, and most of the people who fell ill ate Quarter Pounders at McDonald’s. “If there has been contaminated product within our supply chain, it’s very likely worked itself through that supply chain already.”McDonald’s (MCD) stock fell more than 5% at Wednesday — its worst day since the March 2020 Covid lockdown. Chipotle’s outbreak is the worst-case scenario for any restaurant chain, and McDonald’s E. coli situation appears to be limited, at least for now, to a supply issue.
Persons: McDonald’s, Joe Erlinger, , ” Erlinger, , Chipotle’s, Chipotle, Brian Niccol, Niccol, we’ll, Morgan Spurlock’s Organizations: New, New York CNN, , Centers for Disease Control, US Food and Drug Administration, Starbucks, CDC, American Museum of Tort Locations: New York, United States, McDonald’s, Colorado and Nebraska
An arrest report alleged that Sykes communicated with her 10-year-old daughter on the online gaming platform Roblox and instructed the girl "on various methods to kill the infant." "Sykes instructed the 10-year-old to drown the infant in the bathtub, burn the infant with scalding water, and drop the infant on the floor to kill the infant," the sheriff's office said. On Thursday, the sheriff's office was contacted by Gulf Coast Kids House about a 2-month-old infant who had suffered serious injuries after being dropped on the kitchen floor by the 10-year-old. Morgan Lewis, a spokesperson with the sheriff’s office, said the 2-month-old is expected to survive. The sheriff's office spokesperson said they do not foresee the 10-year-old being charged.
Persons: Tara Alexis Sykes, Sykes, Morgan Lewis, Chip W, Simmons Organizations: Escambia County Sheriff’s, Gulf Coast Kids House, Gulf Coast Kids Locations: Florida, Escambia County
As Republican vice presidential nominee JD Vance campaigns across the country, his wife, Usha Vance, has been a near-constant presence by his side. Reporters huddled under the wing of JD Vance’s campaign plane often get a glimpse of a book's dust cover as Usha Vance climbs the towable stairs or stands on the tarmac. Though she’s a fixture on the campaign trail, Vance has not occupied a forward-facing public role like other political spouses. As JD Vance has noted on the campaign trail, she left her corporate law firm following the senator’s nomination for vice president in July. Usha Vance, an undergraduate student of history at Yale, went on to study early-modern history at the University of Cambridge.
Persons: Vance, Usha Vance, Emily Wilson —, ” Vance, , Daniel Mason’s “, Tana French’s “, Woods, Helene, JD, Alec Hernandez, Anthony Doerr’s, Donald Trump, Jill Biden, Michelle Obama, Doug Emhoff, Kamala Harris, Lynne Cheney, Laura Bush, It’s, I’ve, , Usha Vance —, clerkships, Vance “, JD Vance, ” JD Vance, ” Usha Vance, ” JD Vance nodded, Usha, Usha Vance’s, “ Usha, Homer’s, ” Alec Hernandez, Zadie Smith, Aleksandr Solzhenitsyn, “ It’s, , Herbert Butterfield’s “ Organizations: University of Pennsylvania, NBC, Republican, JD, White, National Endowment, Humanities, New York Times, Yale University, University of Cambridge, Yale Law School, Yale, Fox News, GOP, Cambridge Locations: Pennsylvania , Arizona , Michigan, Colorado, California, Woods, New England, America, Virginia, Florida, Cincinnati, China, Pennsylvania
CNN —Russian operatives created and amplified false online content attempting to smear Democratic vice presidential candidate Tim Walz, US intelligence agencies said on Tuesday. The statement was based on newly available intelligence and analysts worked over the weekend to analyze the media content, the official said. Some posts circulating the fake content on X garnered hundreds of thousands of views and were amplified by right-wing personalities. The Harris-Walz campaign has expressed concern that media coverage could amplify the false Russian claims. US intelligence officials will also be closely watching Iranian operatives after Election Day.
Persons: Tim Walz, , Donald Trump, Kamala Harris, Trump, Harris, Walz, “ Vladimir Putin, ” Harris, Morgan Finkelstein, , Trump’s Organizations: CNN, Russian, Democratic, National Intelligence, Trump, Justice Department Locations: Russia, Iran
The 31-year-old ended a 40-year-drought for the U.S. by placing first in the women's road race; she also took home the women's track cycling team pursuit gold. "I needed an outdoors fix," Faulkner told NBC News, recalling how she signed up for an introductory women's cycling clinic in Central Park. In her first year of competitive cycling, Faulkner earned just $7,000. Another reason Faulkner wanted to continue working in venture capital was so she'd have at least 5 years of professional experience before taking a hiatus. She's also committed to advocating for equality in women's cycling, noting that while salaries have improved, there's still a long way to go.
Persons: Kristen Faulkner, , Faulkner, she's, Faulkner didn't, Alex Broadway, you've, I'd, I'm, She's Organizations: Team United, Olympic Games, Games, Tour de, NBC News, Harvard University, New, American Continental, Threshold Ventures, VC, The United, de, Femmes, Velo, Getty, Angeles Olympics Locations: Trocadero, Paris, France, U.S, New York, Central Park, Homer , Alaska, Girona, Spain, San Francisco, The United States, Le
MUMBAI, MAHARASHTRA, INDIA - Hyundai cars seen parked outside the Hyundai showroom in Mumbai. Hyundai Motor India was set to start trading Tuesday in the country's two major stock markets after a $3.3 billion initial public offering, the country's largest-ever by amount raised. Unlike a traditional IPO, in which a firm sells fresh shares, Hyundai Motor India's listing is an offer for sale, where its parent Hyundai Motor Company sold its shares. The lead bookrunners of Hyundai India's IPO were Kotak Mahindra Capital, Citigroup Global Markets India, HSBC Securities and Capital Markets (India), J.P. Morgan India and Morgan Stanley India. There is amazing fundamentals in equity markets with supportive policies from SEBI [Securities and Exchange Board of India], retail participation and broad-based opportunities," he added.
Persons: Morgan India, Morgan Stanley, Neil Bahal, Amala Balakrishner Organizations: Hyundai, India, South Korean, Hyundai Motor Company, Kotak Mahindra Capital, Citigroup Global Markets, HSBC Securities, Capital Markets, CNBC, Negen, Securities, Exchange Board Locations: MUMBAI, MAHARASHTRA, INDIA, Mumbai, South Korea, New Delhi, Citigroup Global Markets India, India, Morgan Stanley India, SEBI
Disney said Monday it would name a new CEO in early 2026 and named James Gorman as board chairman. Bob Iger's previous succession plan failed, leading to his return as CEO in 2022. BI spoke to three people close to Disney who said their top questions on the succession announcement include: How will the timeframe impact the search? AdvertisementDisney's last Iger succession plan failedGorman, who effectively managed his own succession at Morgan Stanley, was named in August to chair Disney's succession planning committee. In late 2022, Disney dismissed Chapek and brought Iger back as CEO with a two-year contract, then extended through 2026.
Persons: Disney, James Gorman, Bob Iger's, , Morgan Stanley, James Gorman —, shrugged, Gorman, Disney flubbed, Iger, Bob Chapek, Chapek, Will Iger, Gorman didn't, Dana Walden, Alan Bergman, Walden, he's, Josh D'Amaro, Ron DeSantis, Jimmy Pitaro, Pitaro Organizations: Disney, Service, Disney Entertainment, Fox, Florida Gov, ESPN, NFL Locations: Hollywood
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