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SQUAWK BOX, FRIDAY 14TH MAY, 2021
Manage episode 292519682 series 2874694
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Wall Street rebounds after three straight days of losses with the Dow enjoying its best session since March but stocks are set to stay in negative territory for the week. Disney posts better-than-expected Q1 results on strong theme park revenues but a slowdown in streaming subscriptions weighs on the share price as economies emerge from lockdowns. Alibaba suffers its first quarterly loss since it went public in 2014. The Chinese e-commerce titan’s earnings were impacted by a massive anti-trust penalty levied by Beijing regulators. And in energy news, Colonial Pipeline is back and up and running but not before paying a $5m ransom to cyber criminals, according to NBC News sources.
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