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Disney reports Q3 beat and NFL deal, Uber authorizes $20B buyback: Morning Buzz

The major averages were higher near noon, led by the Nasdaq, as investors reacted to another heavy dose of corporate earnings. Disney shares have slipped despite solid results amid uncertainty around ESPN’s NFL deal.

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Looking to commodities, gold shares were largely unchanged while oil prices advanced.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.

1. STOCK NEWS:

2. WALL STREET CALLS:

3. AROUND THE WEB:

  • Two former Taiwan Semiconductor Manufacturing Company (TSM) employees and a third suspect have been arrested for allegedly stealing the company’s technology, FT reports
  • Two Chinese citizens located in California were arrested and charged will illegally shipping tens of millions of dollars’ worth of AI chips to China, including Nvidia (NVDA) H100s, from October 2022 through July 2025, Reuters says
  • Microsoft-backed (MSFT) OpenAI is in early stage talks for a potential sale of stock for current and former employees at a valuation of roughly $500B, Bloomberg says
  • CoreWeave’s (CRWV) $9B deal to buy Core Scientific (CORZ) is dealing with opposition, with some of the company’s top shareholders arguing the acquisition could leave them short-changed, FT reports
  • President Donald Trump is expected to declare on Wednesday that Apple (AAPL) will commit to spend another $100B on domestic manufacturing, Bloomberg says

4. MOVERS:

5. EARNINGS/GUIDANCE:

INDEXES:

Near midday, the Dow was up 0.33%, or 143.87, to 44,255.61, the Nasdaq was up 1.02%, or 212.34, to 21,128.89, and the S&P 500 was up 0.78%, or 49.10, to 6,348.29.

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