Squawk on the Street
Disney Shares Slump Despite Earnings Beat, Musk on AI, Markets' Win Streak 05/07/24
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Show notes
Carl Quintanilla, Jim Cramer and David Faber led off the show with shares of Disney sharply lower: A slight Q2revenue miss overshadowed an earnings beat and a surprise profit for Disney+ and Hulu.
Jim explained why he believesthe selling of Disney shares was an overreaction. The anchors also reacted to Elon Musk's latest warning on AI in remarks delivered Monday night at the Milken Institute
Global Conference in Los Angeles. Also in focus: Major indices aim to extend their daily win streaks, EVs in the spotlight as Tesla China sales fell in April, Apple's virtual iPad event and the road ahead for
mega-tech stocks, earnings winners and losers.
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