Disney Beats the Street and Leads the Stock Market to Record Highs, the FDA's COVID Booster Shot Authorization and Companies Approaches to Vaccinations, What Airbnb and DoorDashs Results Tell Us About the Reopening Trade, and the CEO of the U.S. Chamber of Commerce Talks Infrastructure.
b"Carl Quintanilla, Morgan Brennan and Mike Santoli led off the show with Disney, whose better-than-expected quarterly results drove the stock higher, leading the Dow and S&P 500 to new record intraday highs. The anchors reacted to what Disney CEO Bob Chapek's told CNBC about Disney+ adding subscribers despite a hike in the streaming service's rates. They also looked at how the company's theme parks are faring in light of rising COVID cases and the debate in Florida over requiring vaccinations and mask wearing. Sticking with the pandemic and the reopening trade, the Food and Drug Administration has authorized COVID vaccine booster shots for people with weakened immune systems. Carl, Morgan and Mike reacted to former FDA Commissioner Dr. Scott Gottlieb's comments to CNBC about the need for a third shot. The anchors also discussed the latest developments regarding companies' vaccine requirements and return to work plan revisions. U.S. Chamber of Commerce CEO Suzanne Clark joined the program to discuss the $1-trillion bipartisan bill passed by the Senate, labor shortages and what's at stake for corporate America. Also in focus: Market reaction to quarterly results from the likes of Airbnb and DoorDash, an update on the railroad bidding war over Kansas City Southern, a rough week for the chip stocks, and why FTC Chair Lina Khan is saying antitrust regulators should take a tougher approach when it comes to defense industry mergers."