Delta Air Lines’ chief financial officer told investors Thursday that the carrier is ready for an economic downturn — it’s just not seeing one yet. Revenue from coach class made up a little less than half of Delta’s $44.4 billion in revenue last year, down from nearly two-thirds of the airline’s revenue in 2011. Meanwhile, revenue from premium seats, such as those in business class, brought in close to a third of Delta’s revenue last year, up from 18% in 2011. Delta, like other airlines, is givi

Disney has finally revealed its plans for the former Fox network FX. “We’re going to create a huge FX presence on Hulu,” Bob Iger, CEO of Disney, told Julia Boorstin on CNBC’s “Closing Bell” Thursday. Debuting next March will be “Devs,” a limited series tech-thriller about a young software engineer who suspects her boyfriend’s suicide was foul play. Also arriving in the spring is “Mrs. America,” a limited series from Academy Award-nominated producer Stacey Sher (“Pulp Fiction”) and Emmy Award-wi

Here are the key numbers:Earnings: Excluding certain items, 13 cents per share, vs. 11 cents per share as expected by analysts, according to Refinitiv. On a GAAP basis, the company lost 4 cents per share, higher than the 1 cent per share loss from a year ago. Excluding certain items, 13 cents per share, vs. 11 cents per share as expected by analysts, according to Refinitiv. Revenue: $428.2 million, vs. $423.5 million as expected by analysts, according to Refinitiv. Dropbox’s revenue increased 19

Canyon Partners co-founder on where he sees market opportunitiesCNBC’s “Closing Bell” team discusses how markets are reacting to the latest U.S.-China news with Stephanie Link of Nuveen and Joshua Friedman, CEO and co-founder of Canyon Partners.

Jim Cramer: Time to do some strategic selling after a big run in the marketThe “Mad Money” host says the market rally creates an opportunity to make profits that can be deployed in a pullback later on.

Disney earnings reactionDisney posted fiscal fourth-quarter earnings after the bell on Thursday. The company reported adjusted earnings per share of $1.07 vs. 95 cents expected, according to Refinitiv. Disney’s fiscal fourth-quarter earnings arrived just days before the company’s long-awaited streaming service, Disney+, is set to launch on November 12. We’ll get an early read on the health of the consumer on Friday with November’s preliminary consumer sentiment data set to release at 10:00 a.m.

WASHINGTON – President Donald Trump “wanted nothing less than [Ukrainian President Volodimyr] Zelensky to go to microphone and say ‘investigations, Biden and Clinton,'” a State Department official told congressional investigators conducting an impeachment probe. The account of George Kent, the deputy assistant secretary for European and Eurasian Affairs, was released as a transcript Thursday. It also added to the growing body of evidence of a quid-pro-quo orchestrated by the White House, whereby

TripAdvisor just reported earnings, and investors weren’t impressed. The stock tanked more than 20% on Thursday after the company reported a miss on quarterly earnings and revenue on Wednesday evening. But, “if TripAdvisor can show construction against the November 2017 low there is reason to believe that technical support could be created.” Strategic Wealth Partners president Mark Tepper, who owns Expedia, is cautious until the smoke clears. Disclosure: Strategic Wealth Partners owns Expedia.

Disney says “circumstances” in Hong Kong weighed on its theme park profits at international Disneyland resorts. The company said Thursday during an earnings call that growth in Disneyland Paris and the Shanghai Disney Resorts were offset by lower results at the Hong Kong Disneyland Resort. “We expect operating income at Hong Kong Disneyland to decline by about $80 million for Q1.” Operating income in the Hong Kong park declined by $55 million during the fourth quarter, she said. The “circumstanc

The plan to move the bull has been underway for some time — to the dismay of the artist Arturo Di Modica, among others — but was finalized on Thursday. “The city is moving ahead with plans to move the Bull to protect the safety of New Yorkers,” Mayoral Spokesperson Jane Meyer said. Executives at the exchange didn’t like it, however, and so Di Modica worked with the city to find a new placement for the bull. The sculpture has become synonymous with Wall Street, and has endured its fair share of

Zillow reported revenue of $745 million, compared to the $718 million Wall Street expected, according to Refinitiv consensus estimates. The company lowered its full-year earnings guidance range to between $1.70 and $1.75 per share, compared to the earnings of $2.07 per share analysts expected. For its third quarter, the retailer expects adjusted earnings between 34 cents and 36 cents per share, while analysts expected earnings of 55 cents per share, according to Refinitiv consensus estimates. Th

“We believe there were some delayed visitation to Galaxy’s Edge both at Disney and at Disney World,” CEO Bob Iger said during an earnings call Thursday. “…So we sense that there are people that are just waiting for the whole thing to be opened. Higher ticket prices didn’t deter tourists from taking trips to Disney theme parks during its fourth quarter, but some are still holding off on their visits until Star Wars: Galaxy’s second ride is operational. Still, expenses at Galaxy’s Edge weighed o

But sellers who are trying to contact Amazon about a suspended account or product listing say they’re being redirected to resubmit their appeal through Amazon’s Account Health website. Please resubmit your appeal and relevant information for reactivating your account by clicking the Appeal button on the Account Health Dashboard. For reactivation of listings, please visit the Account Health Dashboard and click on the Appeal button next to specific violations and complaints in the Product Policy C

Robert De Niro, Al Pacino and Ray Romano star in Martin Scorsese’s “The Irishman.” Ninety-day film releases at 3,000 theaters across the U.S. just aren’t what Netflix does. Scorsese’s most recent film, a gangster pseudo-biopic called “The Irishman,” is currently getting a limited run in theaters in New York and Los Angeles. It will roll out to a few more cities over the next few weeks before finally arriving on Netflix on Nov. 27. Tickets for showings at the Belasco Theater in New York are curre

During a Senate hearing last week, Sen. Chris Van Hollen, D-Md., asked Gene Dadaro, the U.S. comptroller general, whether any rules had been broken by the White House. “If you could just get back to me on whether you agree, and number two, what’s our recourse as a Congress if they don’t do it,” Van Hollen asked Dadaro. “We are conducting the review requested by Sen. Van Hollen,” GAO spokesman Charles Young confirmed to CNBC on Thursday. Nonetheless, the decision under review, namely, to freeze a

Gap Inc. shares tumbled in extended trading Thursday after the company said CEO Art Peck will be stepping down immediately, and be replaced by the founders’ son temporarily. Gap, which has been struggling to revive its sales, also slashed its forecast for the year, citing a “challenging quarter.” Peck has served as CEO since 2015 and worked at Gap for almost 15 years. Under Peck, Gap has closed hundreds of stores. Gap also named Bobby Martin, chair of its compensation and management development

New York company charged with illegal sale of Chinese-made surveillance and security equipmentLong Island, New York-based Aventura Technologies is accused of illegally importing Chinese-made surveillance and security equipment and selling it to U.S. government agencies and private customers.

Here’s what the spying probe into two former Twitter employees meansThe Justice Department is bringing charges against two former Twitter employees for their scheme to spy on the Saudi Arabian kingdom’s critics. Ellen Nakashima, Washington Post writer who broke the story, joins ‘The Exchange’ to discuss.

Twitter has reached peak margins, says Evercore analystEvercore ISI downgrades Twitter after two employees were charged with aiding Saudi Arabia in a spy mission. Kevin Rippey, the analyst behind the call, joins CNBC’s “Power Lunch” team to discuss.

Disney shares were up more than 5% after the company reported an earnings beat for its fiscal fourth-quarter on Thursday. The service costs $6.99 per month, or $69.99 per year, and will feature content from Disney, Pixar, Marvel, Star Wars and more. Iger announced on CNBC that Disney+ will be distributed on Amazon’s Fire TV as well as through Samsung and LG smart TVs. Disney previously announced that Disney+ will be available on Android, iPhone, iPad, Apple TV and Roku devices. Beginning in Marc