Listen below or on the go on Apple Podcasts and Spotify

Disney reports solid growth across all major segments. (0:15) Uber Q1 gross bookings jump 25%. (1:20) Oil swings sharply as prescient short trade draws scrutiny. (2:00)

This is an abridged transcript of the podcast:

Our top story so far, Disney (DIS) is rallying after posting solid growth across all major segments.

Revenue rose 7% year over year, with gains in Experiences (+7%), Entertainment (+10%), and Sports (+1%).

Entertainment growth included a 4% benefit from the Fubo transaction, along with higher subscription and affiliate fees and subscriber gains. Experiences was driven by stronger domestic park spending and higher cruise activity following the launch of the Disney Destiny. Sports benefited from higher effective rates and the NFL transaction, partially offset by continued linear TV subscriber declines.

Looking ahead, Disney expects total segment operating income of about $5.3B in FY26 and EPS growth of roughly 12% to around $6.64, in line with consensus. The company is targeting at least $8B in share repurchases.

Seeking Alpha analyst Max Greve said the quarter was strong but not enough to silence skeptics, noting Sports remains pressured by linear declines and that the key question is whether Parks can avoid a recessionary hit while new CEO Josh D’Amaro reinvigorates the studio pipeline.

Among active stocks, Uber (UBER) is higher after first-quarter gross bookings rose 25% to $53.7B, topping estimates. The company guided second-quarter bookings to a midpoint of $57B, slightly above forecasts.

Corning (GLW) is surging after announcing a long-term agreement with Nvidia (NVDA) to expand optical connectivity capacity by 10x. The companies plan three new U.S. manufacturing plants, with Corning boosting domestic fiber capacity by more than 50%.

Super Micro Computer (SMCI) jumped on Q3 results and guidance, though analyst reaction was measured. J.P. Morgan said demand and margin recovery are encouraging, but governance concerns and AI server pricing dynamics limit further upside at current levels.

In today’s trading, oil has swung sharply. WTI (CL1:COM) moved from above $100 per barrel to below $90 in morning trade before stabilizing near $95.

Conflicting reports around a potential U.S.–Iran deal have kept traders on edge.

The Kobeissi Letter noted that nearly 10,000 contracts — about $920M notional — traded shortly before headlines that the two sides were nearing a 14-point memorandum. Crude dropped more than 12% within hours, leaving the short position with an estimated $125M gain.

On the economic front, ahead of Friday’s jobs report, ADP said April private sector employment rose 109K, within the 85K–120K forecast range.

Pantheon Macro cautioned against overreading the print, noting that while it is the strongest initial estimate in over a year, ADP and official payroll data often diverge.

“The reacceleration implied for April may simply be noise,” the firm said.

And in other news of note, GameStop (GME) CEO Ryan Cohen defended his proposed eBay (EBAY) acquisition in an interview with TBPN, arguing the deal could offset dilution by boosting earnings.

Cohen said eBay is overstaffed and overspending, pointing to roughly $5.5B in operating expenses on what he described as an $11B asset-light business.

“I could run that business from my house,” he said. “It doesn’t need 11,500 employees.”

He suggested up to $2B in potential cost cuts and said meaningful changes could be implemented quickly.

“There’s no sense of urgency at that company,” he added.