Disney Pops on Restructuring Announcement, and Apple and Amazon Soar Ahead of Two Big Events

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 12 October 2020

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Disney stock jumped after hours after the media giant announced a major restructuring that would help focus the company on streaming. Meanwhile, Apple shares gained more than 6% for its best day since July as investors await the launch of the latest iPhones. And Amazon gained nearly 5% as its sixth annual Prime Day gets set to kick off. Plus we’re Trading the Vote as we count down to the election, and bringing you a surprising take on what a Biden win might mean for the oil markets.

Transcript

Click on a timestamp to play from that location

0:00.0	I'm Melissa Lee and this is Fast Money.
0:03.0	Tonight's trader line up, Gai Dammy, Tim Seymour, Dan Nathan and Karen Farnam
0:06.1	in Tonight On Fast, the $200 billion market move from two Tech Titans.
0:10.8	Apple and Amazon both surging today ahead at two key events. How our
0:13.9	traders are playing these names heading into tomorrow. Plus we're trading the
0:17.4	boat to how Blue Wave in November could be a big win for the beaten down
0:21.4	energy sector. And later we are tracking the treatment.
0:24.2	You'll hear from one company that could be on the front lines of the next-gen
0:27.7	coronavirus vaccine how they are looking to shake up the race for a cure but we
0:31.9	start off with breaking news on Disney.
0:33.8	The stock is up at 4.5%
0:35.9	after the company announced a major reorganization.
0:38.2	Basically, putting distribution in the center part of its business.
0:43.7	Julie Borsen's got all the details.
0:45.2	She joins us now, Julia.
0:48.4	That's right, Melissa.
0:49.2	Disney's reorganizing its media and entertainment business
0:52.1	to accelerate its direct to
0:54.0	consumer strategy it says this is in light of the success of Disney Plus. Now the
0:58.9	move divides content creation and content distribution, creating a new median entertainment
1:04.0	distribution group. Now this group will be responsible for monetizing all
1:08.0	content, including ad sales and content released through TV, film, and
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.