Carl Quintanilla, Jim Cramer and David Faber led off the show with Disney shares up sharply after the company announced a restructuring, including plans to cut about 7,000 jobs and $5.5 billion in costs. In an exclusive, David interviewed Disney CEO Bob Iger. They discussed Iger's transformation strategy and his return to the company as CEO, streaming subscriber losses and the proxy battle with activist investor Nelson Peltz. Following the Iger interview, Peltz called into the program and said "the proxy fight is over."
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Squawk on the Street