Opening Bell: May 9, 2018

May 9, 2018
Updated 4mo ago
Walmart finalized an agreement to acquire a majority stake in Flipkart. Walmart will pay $16 billion to have a 77% stake in the Indian e-commerce giant. This agreement is a major win for Walmart since Amazon was also eyeing a deal with Flipkart. Jason Ware, chief investment officer at Albion Financial Group, and Sean O'Connell, managing director at Cinemablend, join us to talk about Disney's strong earnings report. "Black Panther" helped boost Disney's revenue growth for its entertainment business 21% year-over-year. Ware and O'Connell also expect this current quarter to be a success since Marvel's "Avengers: Infinity War" has already broken box office records. President Trump is pulling the United States out of the Iran nuclear deal. Following Trump's announcement, Iran's President Hassan Rouhani signaled that he will try to salvage the agreement. Laura Secor, author of "Children of Paradise: The Struggle for the Soul of Iran," joins us to discuss the fallout from this decision.