CNBC Business News Update Market Open: Stocks Mixed, Disney Chooses Parks & Cruises Head As CEO, Musk Combining Companies Into Super Business 2/3/26
Feb 3, 2026
Markets opened mixed with moves in stocks and commodities. Disney shakes up leadership, promoting its parks chief and shifting IP strategy for parks and cruises. Elon Musk plans a mega-consolidation of SpaceX, XAI, Starlink and X into a vertically integrated powerhouse. Gold and Bitcoin see notable activity. Big corporate headlines touch Nintendo, PayPal and PepsiCo, plus Super Bowl week events.
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Markets Open Mixed
- Wall Street opened mixed with the Dow up while the Nasdaq lagged due to tech weakness.
- Merck's strong results lifted the Dow but NVIDIA and Disney weighed on the indexes.
Disney's Leadership Shuffle
- Disney announced Josh DeMauro, parks and cruises head, will be the next CEO.
- James Gorman said Dana Walden was elevated to president and chief creative officer to keep creativity central.
Musk Aims To Vertically Integrate
- Elon Musk plans to combine SpaceX, XAI (Grok) and Starlink into one integrated company.
- He envisions public stock issuance and space-based data centers to leverage cooling and power benefits.