Disney stock rose after they beat on earnings per share. Chipotle also reported and beat on both revenue and earnings per share. Cheddar breaks down the earning reports from both companies.
Disney overall reported better-than-expected earnings but missed on revenue expectations. The company reported revenue of $15.35 billion versus the estimate of $15.55 billion. They did beat on earnings per share reporting $1.89 compared to $1.61. The company also anounced that ESPN Plus, their streaming service, will cost $4.99 a month.
Chipotle reported revenue of $1.32 billion versus estimates of $1.12 billion and earnings per share of $1.55 versus estimates of $1.32. This earnings beat came after the fast-casual chain increased menu prices.
The Trump administration has ordered the Consumer Financial Protection Bureau to stop nearly all its work, effectively shutting down the agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal. Russell Vought is the newly installed director of the Office of Management and Budget. Vought directed the CFPB in a Saturday night email to stop work on proposed rules, to suspend the effective dates on any rules that were finalized but not yet effective, and to stop investigative work and not begin any new investigations. The agency has been a target of conservatives since President Barack Obama created it following the 2007-2008 financial crisis.
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Susan Bourgeois, Louisiana Economic Development Secretary, talks preparations for Super Bowl LIX, plus Meta’s $10B data center coming soon to North Louisiana.
