Goldman Misses on Earnings, Morgan Stanley Beats, Disney Fires Back At Peltz 1/17/23
Jim Cramer and David Faber delved deeper into another set of big bank earnings, discussing what to make of Goldman Sachs posting weaker-than-expected quarterly results while Morgan Stanley beats on profits and revenue. Breaking news on the Disney-Nelson Peltz proxy fight: Disney strikes back at the activist investor, saying he "lacks the skills" to assist the company's board. Also in focus: China's economic growth slowed sharply in 2022 to 3% due to COVID lockdowns, Trial day for Elon Musk over his Tesla tweets, Emerson goes hostile on the M&A front and Guggenheim downgrades Microsoft to "Sell."
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