• 9 hours ago
TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and a big announcement from Comcast.

Category

🥇
Sports
Transcript
00:00I'm Conway Gittins reporting from the New York Stock Exchange. Here's what we're watching on the street today.
00:04Thursday was the worst day for tech stocks since September. Both Meta and Microsoft top forecast but investors still found something to be upset about.
00:12It was a similar story for Uber. Quarterly results from the ride-hailing app were better than expected,
00:18but the number of rides booked was disappointing.
00:21Friday's big focus will be on jobs. The Labor Department releases the all-important employment report for October.
00:28In other business news, media conglomerate Comcast is exploring the idea of separating its cable hardware unit from its cable TV networks.
00:37The idea is still in early stages.
00:39Comcast would basically spin off cable TV assets like Bravo, E! and USA Network,
00:44which it acquired when it fully bought NBCUniversal in 2013.
00:49For right now, the traditional NBC TV network and the Peacock streaming service would stay with Comcast.
00:57It's unclear what would happen with CNBC and MSNBC, which are cable TV channels,
01:02but part of the NBC News franchise.
01:05This revelation came by way of an earnings conference call with investors.
01:10Comcast president Mike Kavanaugh said the company is considering how to create,
01:15quote, a new, well-capitalized company owned by our shareholders and comprised of our strong portfolio of cable networks.
01:23The potential breakup comes amid a seismic shift in the media business.
01:27Cord cutters have put old school media companies on the ropes.
01:31Comcast lost 365,000 pay TV customers in the third quarter alone.
01:37During that same period, its streaming service Peacock took on three million new subscribers.
01:43For comparison, Peacock's ad-free version costs $7.99 a month,
01:49while Comcast's premium cable package costs about $70 a month.
01:54That'll do it for your daily briefing from the New York Stock Exchange.
01:57I'm Conway Gittens with the street.

Recommended

59:00
I
Up next
KINA KINA | NEPALI MOVIE ONLINE | PART 1
Film Series
40:00
new Eritrean film begie ab alemu part 1
Film Series
0:58
Morgan’s Impeccable Eye on ABC’s High Potential
FanReviews
1:36
The biggest mistakes people make with their credit card debt
The Street
0:57
Warner Bros. Begins Early Development on Game of Thrones Movie
FanReviews
2:42
Know your rights if your flight is delayed or cancelled
The Street
0:41
Microsoft Beats Earnings And Revenue Expectations, But Stock Falls 4% After Slow Growth Forecast
Benzinga
0:38
Meta's Share Price Falls As Investors Weigh Costs Of AI Infrastructure, Augmented Reality
Benzinga
0:31
China's October PMI For October Exceeds Expectations, Reflecting Moderate Recovery, Say Analysts
Benzinga
1:37
Memory Lapse on the Next Episode of CBS’ Elsbeth
FanReviews
2:24
The best tips for second-hand shopping
The Street
2:38
A big reason women are being held back financially
The Street
2:17
Google is being hit with an unfathomable fine from Russia
The Street
6:39
Meet the 14-year-old taking on food pesticides
The Street
29:25
Film Magic Hour - Part 3
Film Series
1:56
Britain is raising taxes on its wealthiest by a lot
The Street
2:07
JPMorgan Chase viral check fraudsters may soon have to pay up
The Street
2:07
Apple officially launches Apple Intelligence
The Street
1:03
Why retirees should invest in commodities
The Street
1:53
More affluent Americans are living paycheck to paycheck
The Street
1:52
Delta officially sues CrowdStrike over July meltdown
The Street
2:37
The truth behind 'ghost jobs'
The Street
2:00
New Amazon Prime benefit will let you save at the pump
The Street
2:04
Major retailers continue to close stores
The Street
3:09
Top mistakes you make when trying to improve your credit score
The Street