David Faber: Last News

Mayor Adams and top New York City officials said emergency services, hospitals, traffic lights, water systems, public transportation and other key functions are running after a massive overnight cyber disaster triggered inadvertently by cybersecurity company CrowdStrike.

Zack Sharf Digital News Director Ben Affleck is not worried about AI taking over Hollywood. Speaking to “Squawk on the Street” co-anchor David Faber during a recent interview at this month’s 2024 CNBC Delivering Alpha investor summit, Affleck declared that “movies will be one of the last things, if everything gets replaced, to be replaced by AI.” “AI can write you excellent imitative verse that sounds Elizabethan. It cannot write you Shakespeare,” Affleck explained after Faber asked if AI is a benefit or a threat to Hollywood creatives.

Zack Sharf Digital News Director “She-Hulk” star Tatiana Maslany went viral during the SAG-AFTRA strike last year when she called out Disney CEO Bob Iger for being “completely out of touch” due to his controversial comments about the Hollywood work stoppage. That “She-Hulk” was a Disney-backed Marvel series streaming on Disney+ only drew more heightened attention to her Iger call out.

Todd Spangler NY Digital Editor A day after Disney declared victory over activist investor Nelson Peltz, CEO Bob Iger said the board is proceeding with “urgency” in trying to identify the next chief executive with the “distraction” of the proxy fight over. “This was decisive in terms of how shareholders voted,” Iger said in an appearance Thursday morning on CNBC from Disney’s Burbank, Calif., headquarters, about the results of the April 3 meeting. Succession “is the board’s No.

Fran Drescher, the sitcom star turned actors union leader, preferred to evoke the French Revolution, likening SAG-AFTRA’s struggle to the proletariat’s rebellion against an out-of-touch monarchy. “Eventually the people break down the gates of Versailles,” the “Nanny” star said during a press conference officially announcing the strike.

Sen. Bernie Sanders (I-VT) seized on the SAG-AFTRA strike in an online conversation with President Fran Drescher on Tuesday evening, as they both bashed Bob Iger and other CEOs, and made the case for why the actors’ walkout should be of concern of all workers.

Even the staunchest fans of the Marvel and “Star Wars” franchises must admit keeping track of all the respective movies and TV series can be a slog.

Zack Sharf Digital News Director SAG-AFTRA president Fran Drescher railed against Disney CEO Bob Iger during an interview with Variety on the strike picket lines outside of the Paramount Pictures studio lot. In a July 13 interview with CNBC’s David Faber out of the Sun Valley Conference, Iger said WGA and SAG-AFTRA strikers were not being “realistic” with their demands. “I found them terribly repugnant and out of touch. Positively tone deaf,” Drescher said when asked about Iger’s comments. “I don’t think it served him well. If I were that company, I would lock him behind doors and never let him talk to anybody about this, because it’s so obvious that he has no clue as to what is really happening on the ground with hard working people that don’t make anywhere near the salary he is making. High seven figures, eight figures, this is crazy money that they make and they don’t care if they’re land barons of a medieval time.”

Disney CEO Bob Iger said Marvel Entertainment, whose acquisition in 2009 was a signature deal of Iger’s first stint atop the company, was unfairly “taxed” during the company’s frenzy to supply Disney+ with fresh content.

Zack Sharf Digital News Director Disney CEO Bob Iger is citing the studio’s output increase for Disney+ as one reason for “some disappointments” as of late. Speaking to CNBC’s David Faber at the Sun Valley Conference, Iger admitted the studio screwed with audience expectation by offering up so much streaming content. The negative impact of that has been commercial disappointments in theaters, be it “Ant-Man and the Wasp: Quantumania” not even getting past the $500 million worldwide or disappointing openings for summer tentpoles “Elemental” and “Indiana Jones and the Dial of Destiny.” “There have been some disappointments we would have liked some of our more recent releases to perform better,” Iger said. “It’s reflective not as a problem from a personnel perspective, but I think in our in our zeal to basically grow our content significantly to serve mostly our streaming offerings, we ended up taxing our people way beyond — in terms of their time and their focus — way beyond where they had been.”

Ellise Shafer During an appearance on CNBC’s “Squawk Box” on Thursday morning, Disney CEO Bob Iger said that the writers and actors unions going on strike in Hollywood are not being “realistic” with their expectations. Speaking to CNBC’s David Faber from the Sun Valley Conference in Idaho, Iger commented on the ongoing Writers Guild of America strike and imminent decision for SAG-AFTRA to join them. “It’s very disturbing to me. We’ve talked about disruptive forces on this business and all the challenges we’re facing, the recovery from COVID which is ongoing, it’s not completely back. This is the worst time in the world to add to that disruption,” Iger said. “I understand any labor organization’s desire to work on behalf of its members to get the most compensation and be compensated fairly based on the value that they deliver. We managed, as an industry, to negotiate a very good deal with the directors guild that reflects the value that the directors contribute to this great business. We wanted to do the same thing with the writers, and we’d like to do the same thing with the actors. There’s a level of expectation that they have, that is just not realistic. And they are adding to the set of the challenges that this business is already facing that is, quite frankly, very disruptive.”

took to Twitter on Tuesday to comment on Seacrest being named the new “Wheel of Fortune” host — and mock the long, winding road “Jeopardy!” went on to find a replacement for the late Alex Trebek.(Trebek died in late 2020 after a lengthy battle with pancreatic cancer.)“Wheel of Fortune went about this all wrong,” Holzhauer tweeted sarcastically. “First you subject the contestants and viewers to an endless parade of temps who don’t prepare before hosting Then the producer in charge of the search says ‘Actually, *I* would be the perfect host’ Then ‘jk we have two hosts now.'”Jeopardy interim guest hosts included Katie Couric, Anderson Cooper, LeVar Burton, Aaron Rodgers, Dr.

Elon Musk defended his propensity to step into divisive debate and even in advancing conspiracy theories, telling CNBC, “I’ll say what I want to say, and if the consequences of that is losing money, I’ll say it.”

Todd Spangler NY Digital Editor Elon Musk, after dramatically slashing Twitter’s headcount following his takeover of the social platform, said the company will try to rehire some of them — acknowledging that the job cuts were too deep. Musk has slashed Twitter’s headcount by about 80%, from 7,800 to about 1,500, as he has attempted to cut costs and get the company in the black. “Some people who were let go probably shouldn’t have been,” Musk said during an interview with CNBC anchor David Faber following the 2023 Tesla annual shareholder meeting Tuesday at the car maker’s headquarters in Austin, Texas. “Desperate times call for desperate measures… Unfortunately, if you do it fast, there are some babies who will be thrown out,” Musk said. Twitter now will probably try to rehire some of the Twitter employees that were let go, he said.

Disney CEO Bob Iger said today that he’s open to selling Hulu — instead of forking over billions of dollars to buy out Comcast’s stake in the streaming platform.

CNBC is filling the 7 PM ET hour with Last Call, a business show that will be anchored by Brian Sullivan and explore money, culture and policy.

In an interview with CNBC, NBCUniversal CEO Jeff Shell said Peacock has now reached 15 million paying subscribers and he also confirmed reports that the company is considering a possible give-back of the 10 p.m. hour of programming to affiliates.

AMC Entertainment CEO Adam Aron said there’s room for both cinemas and streamers in the current marketplace and the latter would benefit from wider theatrical release of films. He made the comments to CNBC after Apple made history last night with Coda’s Best Picture Oscar win.

Discovery shares, which have been in a funk for months, roared back to life today, jumping 17% on heavy trading volume after a validation from a veteran Wall Street analyst.

AT&T’s beaten-down stock has risen 4% today to reach a three-month high on strong subscriber numbers and auspicious signs for the pending WarnerMedia-Discovery deal.