Squawk on the Street
Stocks Rebound, Disney Jumps On Q4 Results, Cisco CEO On Earnings Beat, And Doordash Files For An IPO
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Show notes
Carl Quintanilla and Jim Cramer discussed how stocks are rebounding after Thursday’s sell-off. The anchors spoke about market reaction to NBC News and other news outlets calling Arizona for President-Elect Joe Biden. They also highlighted the importance of drug makers providing guidance as to when COVID-19 vaccines and treatments might become available to the public. One of the top stories: Disney’s better-than-expected quarterly results. Carl and Jim reacted to what Disney CEO Bob Chapek said on his company’s earnings call about Disney+ subscriber growth -- and California refusing to allow the re-opening of Disneyland in wake of the pandemic. Cisco CEO Chuck Robbins appeared on the program to discuss his company’s stronger-than-expected earnings and how it is benefiting from work-at-home trends.
Also in focus: Delivery service Doordash filing for an IPO.
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