Tag Archives: McCarthy

BREAKING: Former CEO Bob Chapek, CFO Christine McCarthy, and More Named in Lawsuit Accusing Executives of Misleading Investors About Disney+ – WDW News Today

  1. BREAKING: Former CEO Bob Chapek, CFO Christine McCarthy, and More Named in Lawsuit Accusing Executives of Misleading Investors About Disney+ WDW News Today
  2. Disney, Ex-CEO Bob Chapek, CFO Hit With Shareholder Suit Over Streaming Losses Deadline
  3. Disney Hit With Investor Suit Over Alleged “Cost-Shifting Scheme” In Streaming Division Hollywood Reporter
  4. Bob Chapek Named in New Lawsuit Against Disney Company Inside the Magic
  5. Disney Accused Of Misleading Investors Over Moving Disney+ Originals To The Disney Channel What’s On Disney Plus
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‘The Little Mermaid’ Star Melissa McCarthy Brings Down the House as ‘Poor Unfortunate Souls’ Debuts at CinemaCon – Variety

  1. ‘The Little Mermaid’ Star Melissa McCarthy Brings Down the House as ‘Poor Unfortunate Souls’ Debuts at CinemaCon Variety
  2. ‘The Little Mermaid’ and Melissa McCarthy Bring Classic Song to CinemaCon Hollywood Reporter
  3. The Little Mermaid: Disney’s live-action fairytale swims into CinemaCon with new footage JoBlo.com
  4. Disney Releases First Poster for Melissa McCarthy’s Ursula The Direct
  5. The Little Mermaid Footage Reaction: Poor Unfortunate Souls [CinemaCon 2023] /Film
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China threatens retaliation if Taiwan’s president meets with House Speaker Kevin McCarthy – The Associated Press

  1. China threatens retaliation if Taiwan’s president meets with House Speaker Kevin McCarthy The Associated Press
  2. Taiwan president defiant after China threatens retaliation for US trip Yahoo News
  3. China threatens to take ‘resolute countermeasures’ over meeting between Taiwan’s Tsai, House Speaker McCarthy Fox News
  4. China Worried as Taiwanese President Tsai Ing-Wen’s Central America Trip Stokes Tensions | WION WION
  5. China warns of retaliation if Taiwan’s president meets US House speaker during visit The Guardian
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Lucasfilm Sued For “Egregious” Axing Of Producer Karyn McCarthy From ‘Star Wars’ Series ‘The Acolyte’ – Deadline

  1. Lucasfilm Sued For “Egregious” Axing Of Producer Karyn McCarthy From ‘Star Wars’ Series ‘The Acolyte’ Deadline
  2. Lucasfilm Sued for ‘Egregious’ Firing of Producer on ‘Star Wars’ Series ‘The Acolyte’ Variety
  3. Lucasfilm Sued For “Egregious” Axing Of Producer Karyn McCarthy From ‘Star Wars’ Series ‘The Acolyte’ Yahoo Entertainment
  4. Lucasfilm Sued by Former Producer on ‘Star Wars’ Series ‘The Acolyte’ for Breach of Contract IndieWire
  5. Lucasfilm Faces Lawsuit for Star Wars Disney+ Firing (Report) The Direct
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Cowboys Ex Kellen Moore Responds to Coach Mike McCarthy: ‘Merging Worlds’ – Sports Illustrated

  1. Cowboys Ex Kellen Moore Responds to Coach Mike McCarthy: ‘Merging Worlds’ Sports Illustrated
  2. ‘I want to run the damn ball’: Mike McCarthy outlines surprising vision shift for Cowboys’ offense in his play-calling return Yahoo Sports
  3. What has been missed about Mike McCarthy’s comments on the Cowboys offense Blogging The Boys
  4. Ryan Clark rants about Cowboys coach Mike McCarthy’s accountability USA TODAY
  5. Kellen Moore responds to Cowboys’ Mike McCarthy’s parting shots NJ.com
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McCarthy demands concessions on debt ceiling; spy balloon clouds Biden’s State of the Union: recap – USA TODAY

  1. McCarthy demands concessions on debt ceiling; spy balloon clouds Biden’s State of the Union: recap USA TODAY
  2. GOP still eyeing cuts to Social Security, Medicare in debt limit talks Business Insider
  3. US House Speaker Kevin McCarthy Says He Will Meet Biden One More Time To Resolve Debt Ceiling Crisis CNN-News18
  4. McCarthy’s pre-SOTU message to Biden: ‘Time to get to work’ on debt ceiling, spending deal Fox News
  5. Kevin McCarthy Targets Elimination of Budget Deficits in Debt-Ceiling Talks The Wall Street Journal
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Peloton CEO Barry McCarthy doesn’t care Bikes, Treads lose money

Barry McCarthy speaks during an interview with CNBC on floor of the New York Stock Exchange (NYSE), October 28, 2019.

Brendan McDermid | Reuters

Peloton CEO Barry McCarthy told investors Wednesday he doesn’t care that the company is losing money on its Bike, Tread and Row equipment. The business’s “path to the promised land,” he said, is its mobile app. 

Peloton posted negative margins during the holiday quarter for its pricey connected fitness products, but McCarthy said he’s more concerned with aggregate margins, which were in the positive thanks to the company’s subscription revenue. 

“We take a holistic view of the revenue stream and the expenses associated with both the hardware and the subscription associated with it. So from my part, I don’t particularly care about the hardware margin,” McCarthy said during the company’s earnings call. 

“I care about it on an aggregate basis, and I care about the relationship between the lifetime value of the customer relative to the cost of acquisition,” he said.

In Peloton’s fiscal second quarter of 2023, ended Dec. 31, the exercise equipment company lost $42.8 million on its connected fitness products, bringing the division’s gross margin to negative 11.2%. 

The company’s overall gross margin of 29.7% was kept afloat by the $277.9 million Peloton made from its subscription business, at a margin of 67.6%. 

While subscription revenue was effectively flat quarter over quarter, it exceeded sales from Peloton’s connected fitness products for the third quarter in a row. McCarthy told CNBC it signals a possible “turning point” for the company. 

When asked about how the app, which features on-demand workout classes from the company’s pseudo-celebrity instructors, fits into the exercise equipment company’s overall strategy, McCarthy said his primary goal is to expand Peloton’s total market share by reaching a user base that it hasn’t been able to access before.

The cost of the app, which doesn’t require any Peloton equipment, is $12.99 per month compared with the $44 monthly cost for the company’s all-access membership that can be used on its connected fitness equipment. 

“I think of it as its own endgame,” McCarthy said. 

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Elon Musk meets with House Speaker Kevin McCarthy and Hakeem Jeffries



CNN
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Twitter and Tesla CEO Elon Musk met with House Speaker Kevin McCarthy and Democratic leader Hakeem Jeffries at the US Capitol in Washington on Thursday evening.

McCarthy, leaving the meeting with Musk in his office, declined to comment other than to say: “He came for my birthday.” The California Republican turned 58 on Thursday.

After the meeting, Musk wrote on Twitter that he met with McCarthy and Jeffries “to discuss ensuring that this platform is fair to both parties.”

The meeting between Musk and congressional leaders comes as the House Oversight Committee is planning to hold a hearing next month focused on Twitter and how it handled a story about Hunter Biden’s laptop. The House GOP conference members have promised rigorous oversight into big tech and social media platforms, which they have accused of conservative censorship.

The panel invited three former Twitter employees to testify, and is in active discussions with the trio about appearing in front of the committee, according to multiple sources familiar with the matter. The committee is looking at February 8 as a potential target date for the hearing, the sources said.

The manner in which Twitter handled the Hunter Biden laptop story has been the subject of several so-called Twitter Files reports, corporate communications that have been disseminated to journalists hand-picked by Musk and his team at Twitter. The Twitter Files have shown the company’s moderation team agonized over how to handle initial stories about the saga. Although early news reports were blocked or downplayed, the company quickly reversed course and allowed them to be posted and discussed on the platform.

Musk has developed a reputation as a polarizing figure in the tech industry and for his political views. He has frequently weighed in publicly on US policy and the political landscape in recent months. Musk has said that he has voted for Democrats and Republicans in the past but has recently favored conservatives and says he identifies as Republican.

The meeting comes amid a political power shift in Washington after Republicans took control of the House of Representatives in January and elected McCarthy as speaker.

This story and headline have been updated with additional developments.

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George Santos news: Pressure mounts on Kevin McCarthy as Santos financial discrepancies revealed

George Santos: The imposter in Congress | On The Ground

George Santos filed an amended financial disclosure form with the FEC on Tuesday, and within minutes reporters and electoral law experts were noticing some pretty glaring issues.

For starters, there’s two loans — for $500,000 and $125,000 — that are no longer identified as coming from Mr Santos’s personal funds, as they had been previously.

And then there’s the oddly high number of donations just under the $200 limit – an occurrence that immediately raised questions about their legitimacy.

Meanwhile, GOP leader Mr McCarthy is clearly tiring of questions about one of his caucus’s newest members. At a press conference on Tuesday the speaker contended that the congressman will be ousted if the House Ethics Committee finds that he broke the law, while snapping at reporters who suggested he should do more as House leader.

“If for some way when we go through Ethics and he has broken the law, then we will remove him,” he said.

“The American public in his district voted for him. He has a responsibility to uphold what they voted for, to work and have their voice here, but at any time, if it rises to a legal level, we will deal with it then.”

His comments come as Mr Santos said he was “saddened” to learn that fellow GOP member John Kennedy called him “nutty as a fruitcake” and a “bunny boiler” – a reference to Glenn Close’s unhinged, psychotic character in the 1987 movie Fatal Attraction.

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Santos FEC filings draw alarm

George Santos filed an amended financial disclosure form with the FEC on Tuesday, and within minutes reporters and electoral law experts were noticing some pretty glaring issues.

For starters, there’s two loans — for $500,000 and $125,000 — that are no longer identified as coming from Mr Santos’s personal funds, as they had been previously.

And then there’s the oddly high number of donations just under the $200 limit – an occurrence that immediately raised questions about their legitimacy.

It seems like the New York congressman has another set of questions to answer as the saga of his arrival in Washington continues.

John Bowden26 January 2023 06:45

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Kevin McCarthy leaves open possibility that Santos could be expelled

Embattled New York Republican George Santos’ time in Congress could prove to be short-lived after House Majority Leader Kevin McCarthy addressed his potential removal from office.

GOP leader Mr McCarthy said at a press conference on Tuesday that the congressman will be ousted if the House Ethics Committee finds that he broke the law.

“If for some way when we go through Ethics and he has broken the law, then we will remove him,” he said.

“The American public in his district voted for him. He has a responsibility to uphold what they voted for, to work and have their voice here, but at any time, if it rises to a legal level, we will deal with it then.”

John Bowden26 January 2023 05:00

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George Santos now claims he survived assassination attempt

Embattled GOP Rep George Santos has now come under scrutiny for claiming that he survived an unidentified assassination attempt.

The Republican, who has already admitted to making several lies during his run for Congress, made the wild allegation during an interview with Brazilian podcast “Rádio Novelo Apresenta” last month.

“We have already suffered an attempt on my life, an assassination attempt, a threatening letter, having to have the police – a police escort standing in front of our house,” he claimed.

Mr Santos did not elaborate on the alleged hit plot and is not thought to have mentioned it publicly prior to this. During the interview he also claimed he was mugged in on Fifth Avenue in New York City and that his Florida home was vandalised.

Read more from Gustaf Kilander:

John Bowden26 January 2023 03:15

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ICYMI: More footage of George Santos at drag show surfaces

The Twitter account PatriotTakes, operated by political activists aligned with the Democratic Party, has surfaced another Brazilian news clip revealing George Santos in drag dancing with other drag queens. He has denied particpating extensively in the culture.

It isn’t exactly clear where the clip is from, but Mr Santos can be seen wearing the same costume he wore in the original pictures provided to TMZ and other news outlets by a drag queen who knew him at the time, Eula Rochard.

John Bowden26 January 2023 01:30

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Drag artist claims George Santos was liberal in Brazil but ‘went crazy’ when he moved to US

A Brazilian drag artist who knew George Santos when he lived in the country revealed more about the congressman’s political past in a new interview with Insider.

Eula Rochard explained in her latest interview that Mr Santos had once been a proud supporter of Luiz Inácio Lula da Silva — the current president of Brazil, who recently returned to office after successfully battling corruption charges he and his supporters argued were politically motivated.

The support for Lula and his history as a drag performer would be politically insignificant were it not for the conservative right’s current fixation on drag shows, drag performers as well as all LGBT Americans.

Read more from John Bowden:

John Bowden25 January 2023 23:45

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Santos delivers first House floor speech

George Santos delivered a speech on the House floor on Wednesday, his first as a member of Congress.

Instead of addressing the myriad of scandals enveloping him on a near-daily basis, the New York Republican instead spoke in favour of a resolution condemning the actions of Iran’s government in the face of widespread protests.

John Bowden25 January 2023 23:15

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Voters strongly favour embattled Rep George Santos resigning, poll finds

A majority of New Yorkers want embattled Republican Representative George Santos to resign amid a flurry of reports that he fabricated large parts of his life story, according to a new Siena College poll.

A total of 59 per cent of registered voters said Mr Santos should resign from Congress, with 64 per cent of Democrats saying he should. A plurality of Republicans – 49 per cent – want Mr Santos to resign as well. That comes despite the fact that Mr Santos flipped a district on Long Island that had voted overwhelmingly for President Joe Biden.

John Bowden25 January 2023 22:00

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Santos FEC filings draw alarm

George Santos filed an amended financial disclosure form with the FEC on Tuesday, and within minutes reporters and electoral law experts were noticing some pretty glaring issues.

For starters, there’s two loans — for $500,000 and $125,000 — that are no longer identified as coming from Mr Santos’s personal funds, as they had been previously.

And then there’s the oddly high number of donations just under the $200 limit – an occurrence that immediately raised questions about their legitimacy.

It seems like the New York congressman has another set of questions to answer as the saga of his arrival in Washington continues.

John Bowden25 January 2023 21:13

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George Santos says he isn’t lying about getting Covid

It seems like such a minor issue compared to the long list of embellishments and outright fabrications that George Santos concocted over his political career, but the congressman was able to prove one of his many now-questioned claims about himself to be true.

That’s right: George Santos really was one of the first Americans to be hospitalised with Covid-19 in March of 2020, when he was living in New York. Or, at least, it certainly appears that he was.

The congressman supplied several photos of himself in a hospital bed in some sort of isolation area as well as images of a positve Covid test to the DC-based insider news blog Semafor. Both the dates on the test and the metadata matched to March of 2020, according to the news site.

That would mean that Mr Santos was hospitalised as a result of the very first wave of Covid hitting the city — by no means a significant achievement. If anything, the story represents how it has become newsworthy when the New York Republican actually tells the truth, given the rarity of that occurring.

John Bowden25 January 2023 19:51

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George Santos ‘saddened’ after Republican senator calls him ‘nutty fruitcake bunny boiler’

Embattled New York Republican George Santos is “saddened” that his fellow party member John Kennedy called him “nutty as a fruitcake” and a “bunny boiler” – a reference to Glenn Close’s unhinged, psychotic character in the 1987 movie Fatal Attraction.

Mr Santos responded to the Louisiana Republican’s comments on Tuesday. “I am saddened that a distinguished senator from the GOP, whom I’ve respected would use such derogatory language against me,” he said.

“Language like that is hurtful and divisive, and has no place in Congress,” he added.

Read the full story here:

John Bowden25 January 2023 19:00

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McCarthy blocks Democrats Schiff, Swalwell from intelligence committee

Comment

House Speaker Kevin McCarthy (R-Calif.) said Tuesday he will block Reps. Adam B. Schiff and Eric Swalwell from serving on the House Intelligence Committee, days after House Minority Leader Hakeem Jeffries (D-N.Y.) formally recommended the California Democrats be reappointed to the panel.

McCarthy has argued that both Schiff and Swalwell are unfit to serve on the committee, using Schiff’s work conducting the first impeachment investigation of President Donald Trump and Swalwell’s alleged ties to a Chinese intelligence operative. There has been no evidence of wrongdoing in relation to the allegation against Swalwell.

“This is not anything political. This is not similar to what the Democrats did,” McCarthy told reporters Tuesday evening. “Those members will have other committees, but the Intel committee, the Intel committee’s responsibility is a national security. … I respect Hakeem Jeffries’s support of his conference and his people. But integrity matters.

Unlike most committees, where party leaders control their appointees, the speaker has final say over who sits on the Intelligence panel.

McCarthy declined to answer multiple questions on whether he will try to keep Rep. Ilhan Omar (D-Minn.) from serving on the Foreign Affairs committee — a move that would require a majority vote in the full House.

Schiff told reporters that McCarthy was “carrying the dirty water” for Trump by leaving him out of the committee as retribution for his work during Trump’s first impeachment trial.

Republicans have been keen to deny Democrats positions on key panels after the Democratic-led House in the last Congress voted to remove Reps. Marjorie Taylor Greene (R-Ga.) and Paul A. Gosar (R-Ariz.) from their committee assignments. Greene had previously voiced approval of violence against prominent Democrats, and Gosar had posted an animated video on social media that depicted the killing of Rep. Alexandria Ocasio-Cortez (D-N.Y.). In the votes to remove them from their committee slots, some Republicans joined Democrats in voting yes.

Greene and Gosar were removed “after a bipartisan vote of the House found them unfit to serve on standing committees for directly inciting violence against their colleagues,” Jeffries wrote in his letter. “It does not serve as precedent or justification for the removal of Representatives Schiff and Swalwell, given that they have never exhibited violent thoughts or behavior.”

McCarthy, in his formal response to Jeffries on Tuesday, said he cannot “put partisan loyalty ahead of national security” and accused Democrats of misusing the panel during the past two congressional terms. McCarthy claimed that, under Democratic control the panel “undermined its primary national security and oversight missions ultimately leaving our nation less safe.”

In a joint statement released Tuesday after McCarthy’s announcement, Schiff, Omar and Swalwell said they find it “disappointing but not surprising” that McCarthy would attempt to keep them from committee assignments. They accused him of “undermining the integrity of the Congress, and harming our national security in the process.”

“He struck a corrupt bargain in his desperate, and nearly failed, attempt to win the Speakership, a bargain that required political vengeance against the three of us,” he said, referring to the negotiations McCarthy engaged in with the far-right flank of his party during his lengthy fight for the speakership.



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