Walt Disney (DIS) missed estimates with fiscal fourth-quarter earnings and revenue, hurt by declining subscriber numbers at ESPN. Shares of the Dow component initially fell in after-hours trading, but rebounded after more optimistic comments by CEO Robert Iger. (CNBC)
Iger said the entertainment giant is going through a transition period, predicting modest growth in its next fiscal year, with more robust growth ahead. The Disney chief also defended ESPN, saying the sports network faced tough comparisons. (CNBC)
Iger, a Hillary Clinton supporter, said he respects the decision of voters to elect Donald Trump. The Disney CEO said he hopes Trump and the GOP House and Senate can lower the corporate tax rate, a reform the media giant has been pushing. (CNBC)
Grubhub CEO Matt Maloney, a Clinton supporter, said his anti-Trump email sent to employees was "misconstrued" and he "did not ask anyone to resign if they voted for Trump." (USA Today)
Peter Thiel, the highest-profile Silicon Valley executive to publicly promote Trump during the presidential campaign, told the Wall Street Journal he backed the Republican because he "just got it."
As anti-Donald Trump protests continued in the U.S. for a second day, police called a demonstration in Portland a riot, due to "extensive criminal and dangerous behavior." (NBC News)
President-elect Trump broke his silence about demonstrators, calling them "professional protesters, incited by the media." This morning, Trump tweeted he loved that "small groups of protesters have passion for our great country."
Bernie Sanders, who lost the Democratic primary to Hillary Clinton, is leaving open the possibility of another presidential bid, saying in a interview he wants to focus on helping the party rebuild its base after Trump's victory. (AP)
Liberal firebrand, Sen. Elizabeth Warren, threw down the gauntlet to Trump, telling labor union members there are financial and social issues where her party will fight him, and continuing to blast the Republican. (Reuters)
In the biggest turnout yet during this year's sign-up period, more than 100,000 Americans rushed to buy Obamacare health insurance Wednesday, the day the election. Trump has promised to repeal the law. (NY Times)
There's just one economic report on Friday's calendar, with the University of Michigan issuing its mid-November consumer sentiment index at 10 a.m. ET. Forecasts call for a rise to 88.0 from the final reading of 87.2 for October.
Fed Vice Chairman Stanley Fischer speaks at 8:30 a.m. ET. San Francisco Fed President John Williams speaks at 6:30 p.m. ET.
The weekly oil rig count is out at 1 p.m. ET.
The pace of corporate earnings slows down today, but investors still get another retail snapshot this morning with the release of quarterly numbers from J.C. Penney (JCP). There are no reports of note due out after today's closing bell.
Nordstrom (JWN) late Thursday reported earnings and revenue that best estimates. The retailer got a boost from its Anniversary Sale, but the company did cut outlook, while projecting flat comparable store sales.
Michael Kors (KORS) came in 7 cents above estimates with quarterly profit of 95 cents per share. Revenue matched. The luxury goods maker issued a weaker than expected forecast for the holiday shopping season.
Nvidia (NVDA) trounced estimates with earnings and revenue. The graphics chipmaker also announced a $2 billion stock buyback and a 22 percent dividend hike. The stock was surging about 13 percent in the premarket.
Valeant (VRX) may change its name to repair damage to its reputation, hedge fund billionaire Bill Ackman told CNBC. Ackman is a Valeant board member and his Pershing Square is a major stakeholder.
Dan Loeb's Third Point hedge fund took new stakes in Apple (AAPL), Alibaba (BABA), and Visa (V), among others, and increased its holdings in Alphabet (GOOGL) and Facebook (FB).
Alibaba (BABA) said its Singles' Day sales have already surged past last year's record, but the China-based online retailer's growth rates have slowed compared to a year ago's 60 percent increase.
Amazon (AMZN) was ordered by a judge to refund parents for in-app purchases made by children without permission. However, the judge also turned aside a request by the FTC for a $26.5 million lump sum payout.
Mexico plays the U.S. in a crucial World Cup soccer qualifier in Columbus, Ohio tonight, a match attracting extra interest in the wake Trump's win and the president-elect's wall comments during the campaign. (USA Today)
A Norwegian, the highest-rated player in chess history, faces Russia's top contender in today's World Chess Championship in New York City. More than $1 million will be divided 60-40 between the winner and loser. (AP)