Disney reports earnings for the first time since Bob Iger returned as CEO, with analysts expecting EPS to fall but revenue to rise. Citigroup’s Jason Bazinet gives the outlook. Plus, in last night’s State of the Union address, President Biden renewed his call for taxing billionaires and corporate stock buybacks to reduce the federal deficit. American Enterprise Institute’s Jim Pethokoukis recaps the event. And, stocks are off to a good start to the year as investors turn their attention from the Fed to earnings. Hennessy Funds’ Josh Wein and Steward Partners Global Advisory’s Eric Beiley discuss where to invest.
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