Walt Disney (DIS) Brings Back The Magic With New Restructuring Strategy

Walt Disney (DIS) fades from morning highs after earnings. Jim Worden and Dan Rayburn discuss DIS as activist investor Nelson Peltz ends the Disney proxy fight. They talk about how DIS will restructure the business into three divisions which include Disney entertainment, parks & products, and EPSN, in addition to slashing $5.5B in costs. Jim notes that the return of Bob Iger with down-sizing and cost-cutting is welcome by Wall Street, and streaming may pick up with the ad-supported model as well as returning hits such as "The Mandalorian." They then go over DIS's streaming strategy. Tune in to find out more about the stock market today.