Actors dressed as Walt Disney characters Mickey Mouse (left) and Minnie Mouse (right) perform for a press screening of the “Minnie Besties Bash!” Parade at Tokyo Disneyland on January 17, 2023 in Urayasu, Japan.
Tomohiro Ohsumi | Getty Images Entertainment | Getty Images
This report is from today's CNBC Daily Open, the new newsletter for international markets. CNBC Daily Open keeps investors informed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.
What you need to know today
Starting in April
US stocks got off to a tentative start to the second quarter as Treasury yields rose on Monday. Investors weighed comments by Federal Reserve Chairman Jerome Powell on Friday that there is no rush to cut interest rates even though economic growth remains strong and inflation remains above target. the Dow Jones Industrial AverageIt closed 0.6% lower at 39,566.85, while it closed Standard & Poor's 500The stock closed down 0.2% at 5,243.77 points. Heavy technology Nasdaq CompositeOn the other hand, trading ended up by 0.11% to 16,396.83 points.
the chapter
MicrosoftRivals got a reprieve on Monday, when the software giant said it would split its Teams and Office packages after scrutiny by European regulators. one of its competitors, Sales forceOwned by Slack, it filed an antitrust complaint with the European Commission in 2020 over what it saw as an illegal linking between Teams and Office.
Signs of rumbling life
The US IPO market is showing signs of recovery after more than two years. Rubrik, the 9-year-old data security software vendor, filed to go public on Monday, the latest venture-backed company to make moves toward the public market after a long lull dating back to late 2021.
Sprawl effect
Boeing The problems began to hurt its airline customers. United AirlinesThe company is asking pilots to take unpaid leave next month, citing delayed arrivals of planes from Boeing, according to a memo sent to pilots. CNBC previously reported that United will stop hiring pilots this spring for the same reason.
[PRO] Beanie hats
Market strategist Matt Orton is bullish on these two under-the-radar US-listed companies
Bottom line
Disney The showdown with activist investors should see some sort of resolution after its annual general meeting with shareholders on Wednesday.
Maybe Disney's leaders need one. The outcome could affect the identity of any new CEO who ultimately succeeds Bob Iger.
Trian Partners' Nelson Peltz not only objects to Disney's streaming performance, he also wants a seat on the board.
Peltz argued that he should help lead the search for a successor — especially after Iger returns as CEO in 2022 following the firing of his successor, Bob Chapek. Before that, Iger had postponed his retirement five times.
CNBC reported in September that Iger plans to name a successor and then coach that person before leaving the position at the end of 2026.
Several executives have speculated that Dana Walden, co-chairman of Disney Entertainment, is the favorite. However, it faces stiff competition and doubts about whether it will be able to withstand scrutiny.
She is the only woman in an internal field that reportedly includes Disney Experiences president Josh D'Amaro, ESPN president Jimmy Pitaro, and Alan Bergman, who is co-president of entertainment with Walden.
Activist Investors and the Succession Race There's more than one fight in the Mickey Mouse Club these days.
