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Search resuls for: "CNBC'S David Faber"


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Barbara Corcoran has an unpopular opinion that sets her apart from most millionaire entrepreneurs. "I don't agree that you should work your buns off to get rich," Corcoran, the founder of real estate firm The Corcoran Group and star of ABC's "Shark Tank," tells CNBC Make It. But she never put her work before other aspects of her life, like family, health or time off, she says. Self-made millionaire Grant Cardone has encouraged working 95 hours per week to attain a seven-figure net worth. "If you can outwork the rest of the population, you're going to get lucky," Cardone told CNBC Make It in 2017.
Persons: Barbara Corcoran, Corcoran, Elon Musk, CNBC's David Faber, Grant Cardone, Cardone Organizations: Corcoran Group, CNBC
Universal's "The Super Mario Bros. Movie" is the only movie released in 2023 to so far eclipse the $1 billion mark at the global box office. "If you would have given 10 people a release schedule at the beginning of the year and said, 'We will have just one billion-dollar movie out of all of these and can you pick which one it will be?' In years before the Covid-19 pandemic, and even last year, there were multiple megahits eclipsing $1 billion in global grosses. So far, it has generated $122.1 million at the domestic box office and $221.4 million globally. "The billion-dollar club seems to have become even more exclusive in 2023," said Paul Dergarabedian, senior media analyst at Comscore.
Persons: Mario, Mike Polydoros, Indiana Jones, Shawn Robbins, Bob Iger, CNBC's David Faber, James Gunn's, Sony's, Gunn, Paul Dergarabedian Organizations: ANGELES, Mario Bros, PaperAirplane Media, Disney, Marvel, Star Wars, Pixar, Hollywood, Lucasfilm, Star, Marvel Studios, Warner Bros, Discovery's DC Studios Locations: filmdom
CNBC Daily Open: The S&P 500 may hit a record high
  + stars: | 2023-07-14 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
Visitors around the 'Charging Bull' statue near the New York Stock Exchange (NYSE) in New York, US, on Thursday, June 29, 2023. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Excluding food, energy and trade services, the core producer price index rose 0.1%, lower than the forecasted 0.2%. Celsius chargesFormer Celsius CEO Alex Mashinsky was arrested Thursday on federal securities fraud charges, a source told CNBC. CNBC Pro searched for companies that analysts are bullish on, and which are due to report earnings next week.
Persons: Michele Bullock, Bob Iger, CNBC's David Faber, Iger, Alex Mashinsky Organizations: New York Stock Exchange, CNBC, U.S, Singapore's Straits Times, Reserve Bank of Australia, Disney, ABC, ESPN, Marvel, Star Wars, SEC, CNBC Pro Locations: New York, Asia, Pacific, Australia
CNBC Daily Open: The S&P 500 can hit a record high
  + stars: | 2023-07-14 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
Visitors around the 'Charging Bull' statue near the New York Stock Exchange (NYSE) in New York, US, on Thursday, June 29, 2023. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Excluding food, energy and trade services, the core producer price index rose 0.1%, lower than the forecasted 0.2%. Celsius chargesFormer Celsius CEO Alex Mashinsky was arrested Thursday on federal securities fraud charges, a source told CNBC. CNBC Pro's Bob Pisani breaks down why stock prices might stagnate in that scenario.
Persons: Bob Iger, CNBC's David Faber, Iger, Alex Mashinsky, that's, Bob Pisani Organizations: New York Stock Exchange, CNBC, U.S, Disney, ABC, ESPN, Marvel, Star Wars, SEC Locations: New York
Wells Fargo is bullish on the potential sale of Disney 's noncore linear assets. Disney's segment operating income compound annual growth rate is currently 15% and could jump to 20% with the divestitures, Cahall calculated. "They may not be core to Disney," Iger told CNBC's David Faber at Allen & Co.'s annual conference in Sun Valley, Idaho. Disney's TV network portfolio includes ABC and ESPN, although Iger said he's open to finding a strategic partner with ESPN . Wells Fargo sees the potential sale of the TV assets as just one step in the company's turnaround plan.
Persons: Wells, Steven Cahall, Bob Iger, Iger, CNBC's David Faber, Wells Fargo, Cahall, Rome wasn't, Iger's, — CNBC's Michael Bloom Organizations: Disney, ESPN, Allen & Co, ABC Locations: Sun Valley , Idaho, Rome
Hulu As part of Disney's future streaming business, Hulu is expected to be a strategic asset. "I don't think that Bob's going to get out of paying very little for Hulu," Jim said, which could lead to further pressure on the entertainment giant's balance sheet. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. Disney CEO Bob Iger speaking with CNBC's David Faber at the Allen&Co.
Persons: Walt Disney, Bob Iger's, , Jim Cramer, Bob, Jim, Bob Iger —, Iger, Bob Chapek, ESPN Iger, Ron DeSantis, DeSantis, Iger's, Jim Cramer's, Bob Iger, CNBC's David Faber, David A Organizations: Disney, CNBC, Sun, ESPN, Apple, Apple Vision, Hulu, Comcast, Parks, Flordia, Netflix, Disney Entertainment, Allen, Grogan Locations: Idaho, Wells Fargo, Hulu, Florida, Sun Valley , Idaho
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney CEO Bob Iger on Marvel and Star Wars: Pulling back to find focus and contain costsCNBC's David Faber and Disney CEO Bob Iger join 'Squawk Box' from Sun Valley, Idaho to discuss the state of the company, coming out of retirement and contract extension, business growth opportunities, and more.
Persons: Bob Iger, CNBC's David Faber Organizations: Marvel, Star, Disney Locations: Sun Valley , Idaho
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney CEO Bob Iger on media landscape: Challenges are greater than I had anticipatedCNBC's David Faber and Disney CEO Bob Iger join 'Squawk Box' from Sun Valley, Idaho to discuss the state of the company, coming out of retirement and contract extension, business growth opportunities, and more.
Persons: Bob Iger, CNBC's David Faber Organizations: Disney Locations: Sun Valley , Idaho
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney CEO Bob Iger on Ron DeSantis: The attacks on Disney are 'preposterous and inaccurate'CNBC's David Faber and Disney CEO Bob Iger join 'Squawk Box' from Sun Valley, Idaho to discuss the company's parks business, pricing strategies, ongoing fight with Florida Governor Ron DeSantis, and more.
Persons: Bob Iger, Ron DeSantis, David Faber, Florida Governor Ron DeSantis Organizations: Disney, Florida Governor Locations: Sun Valley , Idaho
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLonger-term issue for Disney is around direct-to-consumer: SVB MoffettNathanson's Michael NathansonMichael Nathanson, SVB MoffettNathanson founding partner and senior research analyst, joins 'Squawk on the Street' to discuss Disney outlook following CEO Bob Iger's interview with CNBC's David Faber.
Persons: MoffettNathanson's Michael Nathanson Michael Nathanson, SVB, Bob Iger's, CNBC's David Faber Organizations: Disney
Disney CEO Bob Iger opened the door to selling the company's linear TV assets as the business struggles during the media industry's transition to streaming and digital offerings. "We've gotten a lot done very quickly, significant cost reductions and significant realignment of the company," Iger said. Disney reorganized into three segments: Disney Entertainment, which includes most of its streaming and media operations; an ESPN division; and a parks, experiences and product unit. In addition to looking for his next successor, Iger has been tasked with bringing Disney's streaming business to profitability. It's likely Comcast will sell its Hulu stake to Disney at the beginning of 2024, CNBC previously reported.
Persons: Bob Iger, Iger, Disney's, Bob Chapek, CNBC's David Faber, Faber, he's, We've, Nelson Peltz, weren't Organizations: Disney, CNBC, Allen, Co, Disney Entertainment, ESPN, Netflix, Wall, Comcast Locations: Idaho, Hulu, It's
Disney has held off from putting its prime ESPN content on its ESPN+ streaming service as it continues to make billions of dollars in revenue each year through traditional cable TV. Disney has held early conversations with potential partners that could improve an ESPN streaming service by extending its distribution and adding content, Iger said. Disney is open to potentially selling an equity stake in ESPN and is looking for a strategic partner in the business as it prepares to transition the sports network to streaming, CEO Bob Iger said Thursday. But in the traditional cable TV business model, ESPN made money per cable subscriber — whether a person watched or not. In addition to finding a strategic partner for ESPN, Iger said he was open to selling or spinning off Disney's legacy cable networks, including FX and NatGeo, and its broadcast group, ABC Networks.
Persons: Iger, CNBC's David Faber, Bob Iger, Brian Roberts, Bob Chapek Organizations: Disney, ESPN, Hearst Communications, CNBC, FX, ABC Networks, Comcast, Apple, Google, Amazon, National, YouTube, Major League Soccer Locations: Sun Valley , Idaho, Hulu
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney CEO Bob Iger on ESPN: Bullish on sports but open to finding a new strategic partnerCNBC's David Faber and Disney CEO Bob Iger join 'Squawk Box' from Sun Valley, Idaho to discuss the fate of ESPN, sports media landscape, and more.
Persons: Bob Iger, CNBC's David Faber Organizations: ESPN, Disney Locations: Sun Valley , Idaho
Market Movers rounded up the best reactions from investors and analysts on Disney . The pros, including Jim Cramer , discussed the theme park operator after it extended CEO Bob Iger's contract through 2026. Iger returned to the post late last year, following the sudden departure of former CEO Bob Chapek. Iger admitted navigating the media landscape had proven harder than he had expected when he was renamed CEO. Disney shares hardly budged after news of the contract extension surfaced and are up around 1% year to date.
Persons: Jim Cramer, Bob Iger's, Iger, Bob Chapek, CNBC's David Faber Organizations: Disney, Trust
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Disney CEO Bob Iger on streaming wars and future of media businessCNBC's David Faber and Disney CEO Bob Iger join 'Squawk Box' from Sun Valley, Idaho to discuss the state of the company, coming out of retirement and contract extension, business growth opportunities, and more.
Persons: Bob Iger, CNBC's David Faber Organizations: Disney Locations: Sun Valley , Idaho
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney CEO Bob Iger on linear TV: Disruptive forces are greater than I thoughtCNBC's David Faber and Disney CEO Bob Iger join 'Squawk Box' from Sun Valley, Idaho to discuss the state of linear TV business, and whether he may look to spin off the business.
Persons: Bob Iger, CNBC's David Faber Organizations: Disney Locations: Sun Valley , Idaho
Disney CEO Bob Iger blasted Florida Gov. Ron DeSantis for suggesting that the company is sexualizing children. DeSantis has repeatedly torched Disney since the company, under former CEO Bob Chapek, publicly opposed the governor's signature parental rights in education law that critics deemed "Don't Say Gay." "That was horrifying, quite frankly," Iger said. Despite all the back and forth with DeSantis, Iger emphasized that his goal is to try to steer the company out of the political debate.
Persons: Bob Iger, Ron DeSantis, DeSantis, Iger, CNBC's David Faber, Bob Chapek, Bryan Griffin, Disney, We've Organizations: Disney, Florida Gov, Service, Nazi, Disney World, Media, White Pride Locations: Florida, Wall, Silicon, Orlando
Disney extends CEO Bob Iger's contract to 2026
  + stars: | 2023-07-12 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney extends CEO Bob Iger's contract to 2026CNBC's David Faber joins 'Fast Money' with breaking news that Disney is extending Bob Iger's contract to 2026.
Persons: Bob Iger's, CNBC's David Faber Organizations: Disney
The Walt Disney Company will extend CEO Bob Iger's deal by two years, extending his tenure through 2026. Iger returned to Disney in November, retaking the job from Bob Chapek, who was appointed CEO in early 2020. On four different occasions between 2013 and 2017, he extended his tenure as CEO after saying he planned to retire. Tune in: CNBC's David Faber will interview Disney CEO Bob Iger on CNBC's "Squawk Box" at 8 a.m. To that end, I'm writing to share that I have agreed to the Disney Board's request to remain CEO for an additional two years – through the end of 2026.
Persons: Bob Iger's, Iger, Bob Chapek, Iger's, CNBC's David Faber, Bob Iger, We've, we've, Christine McCarthy, Bob, Mark Parker, Read, I've, It's, Bob — CNBC's Alex Sherman, Kerry Caufield, David Faber Organizations: Walt Disney Company, CNBC, Disney, Netflix, Warner Bros . Discovery, Paramount, Pixar
Berkshire Hathaway is poised to score a $1 billion profit after Microsoft prevailed against the FTC in its bid to acquire Activision. Warren Buffett's Berkshire Hathaway owned nearly 50 million shares of Activision at the end of the first quarter. Berkshire Hathaway first purchased a stake in Activision Blizzard in the fourth quarter of 2021, just a few months before Microsoft announced its proposed acquisition of Activision. Berkshire Hathaway ultimately built its Activision stake to a peak of 68.4 million shares in the second quarter of 2022 at an estimated weighted average price of $73.95 per share, Insider calculated. Since then, the conglomerate pared down its position in the third, fourth, and first quarters of 2022 and 2023, respectively, to 49.7 million shares.
Persons: Berkshire Hathaway, Warren Buffett's Berkshire, Warren, Todd Combs, Ted Weschler, Berkshire Hathaway's, Buffett, Microsoft's, Berkshire Hathaway —, , CNBC's David Faber Organizations: Microsoft, FTC, Activision, Activision Blizzard, Warren, Warren Buffett's Berkshire Hathaway, Service, Berkshire, Buffett, Berkshire Hathaway's Locations: Berkshire, Wall, Silicon
As CEO of Microsoft, Bill Gates had a packed schedule — even sending 2:00 a.m. requests to employees. It wasn't until he saw Berkshire Hathaway CEO Warren Buffett's personal daybook that Gates learned to cut himself and his workers some slack. "When I was your age, I didn't believe in vacations. I didn't believe in weekends. Get CNBC's free Warren Buffett Guide to Investing, which distills the billionaire's No.
Persons: Bill Gates, Warren Buffett's, Gates, Charlie Rose, Buffett, Warren, It's, Elon Musk —, , CNBC's David Faber, " I've, Musk, Warren Buffett Organizations: Microsoft, Berkshire Hathaway, Workers, Stanford University, Northern Arizona University
Donahoe can't get seven hours of sleep every night, but he said that he tries to hit 70 hours of sleep every 10 days. Hitting this target, rather than exactly how much sleep he gets per night, is a sleep science workaround that the Nike CEO says has been working for him. Sleep science research has consistently shown that the average adult should aim for seven hours of a sleep each night. It's not necessarily always going to be the recommended seven hours of sleep that will ensure a good night's rest, according to sleep experts. In the long term, if you don't get enough sleep, there's health outcomes that can occur."
Persons: I've, Elon Musk, CNBC's David Faber, Bill Gates, John Donahoe, Donahoe, It's, Mark Wu, Wu, Gates, Jagdish Khubchandani, Khubchandani Organizations: Nike, CNBC, Summit, Apple Watch, Google, Johns Hopkins University, National Institute for Occupational Safety, Health, United, Blood Institute, Ball State University, New Mexico State University, Ball Locations: America, U.S, China, Santa Barbara , California, United States
Airbnb CEO Brian Chesky isn't afraid of artificial intelligence displacing jobs. "It's easier to imagine what jobs will be displaced than what jobs would be created," Chesky said. Chesky isn't alone in thinking this way. But the expansion of AI could still be a double-edged sword, as Tesla CEO Elon Musk told CNBC's David Faber last month. DON'T MISS: Want to be smarter and more successful with your money, work & life?
Persons: Brian Chesky isn't, ChatGPT, Steve Wozniak, Mark Cuban, they're, Chesky, you'll, Matt Higgins, Elon Musk, CNBC's David Faber, Warren Buffett Organizations: Apple, ChatGPT, Computer, RSE, CNBC
Twitter is a more dangerous social platform for LGBTQ users now than it was a year ago, according to a new survey from LGBTQ+ rights organization GLAAD. GLAAD found that the platforms continue to fall short at establishing and enforcing safeguards meant to protect LGBTQ users from hate speech. "You can think of community notes as like an error correction on information in the network. And the effect of community notes is actually bigger than it would seem. The debate over a community notes approach is that it leaves the burden on those affected by hate speech to report harmful posts.
Persons: Kara Swisher, Sarah Kate Ellis, Jack Malon, we've, we're, Elon Musk, Musk, CNBC's David Faber Organizations: CNBC, New York, Facebook, YouTube, Twitter, GLAAD, Machine
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPGA Tour players may look to hire own bankers to advise on LIV Golf deal: FaberCNBC's David Faber reports on the news that PGA Tour Commissioner Jay Monahan will be taking medical leave for an unspecified amount of time. The development comes days after the tour announced a deal with onetime rival LIV Golf, which is backed by Saudi Arabia's investment fund.
Persons: Faber CNBC's David Faber, Jay Monahan, LIV Golf Organizations: LIV Locations: Saudi
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