Every weekday, the CNBC Investing Club with Jim Cramer holds a live “Morning Meeting” at 10:20 a.m. ET. Here's a summary of Monday's key moments. US stocks rose on Monday, adding to the previous session's gains when the S&P 500, Dow Jones and Nasdaq rose more than 1% each after a weaker-than-expected jobs report. Investors celebrated signs that the Federal Reserve's monetary tightening campaign appears to be working, pushing the US economy in the right direction of lower interest rates. Jim Cramer said Monday begins a “benign week” for the market, noting there are no major economic publications or Fed talk to impact sentiment in the coming days. Howard Schultz, former Starbucks CEO, posted on LinkedIn on Sunday that the coffee giant needs to enhance its US store experience to win back customers. These comments came on the heels of last week's terrible quarter. Management also lowered its full-year forecast, and the stock fell on release. “Howard, like us, expected a bad quarter, but we didn't expect the worst quarter of the year,” Jim said. The club will take no action on Starbucks shares, which were slightly higher on Monday. Walt Disney shares rose about 1.5% after Deutsche Bank and Loeb Capital analysts raised their target prices. Disney reports earnings Tuesday morning. We'll be watching for positive updates on Disney's direct-to-consumer business, which includes streaming services like Disney+ and Hulu. This is expected to be the second-to-last unprofitable quarter for DTC. But Tuesday's break-even numbers will be welcome news for shareholders like us. (Jim Cramer's Charitable Trust is long SBUX, DIS. See here for a full list of stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you'll receive a trade alert before Jim takes a trade. Jim waits 45 minutes after a trade alert is sent before buying or selling a stock in his charitable fund's portfolio. If Jim talks about a stock on CNBC TV, he waits 72 hours after the trade alert is issued before executing the trade. The above Investment Club information is subject to our Terms and Conditions and Privacy Policy, as well as our Disclaimer. No obligation or fiduciary duty exists or is created by your receipt of any information provided in connection with the Investment Club. No specific results or profits are guaranteed.
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Disney announces its quarterly earnings on Tuesday. Broadcasting is a key monitoring element
