ESPN's Sports-Betting Deal, Bracing for Disney Earnings, China Deflation 8/9/23

Carl Quintanilla, Jim Cramer and David Faber led off the show with all things Disney: The company's ESPN unit struck a $2 billion U.S. online sports-betting agreement with Penn Entertainment, which is selling Barstool Sports back to its founder Dave Portnoy. The anchors also explored what to expect from Disney's quarterly results due out after the close of trading on Wednesday. Also in focus: China enters deflation territory, Lilly's record run, earnings winners and losers, auto industry labor pains, the rise and steep fall of stocks such as WeWork and Wheels Up. Squawk on the Street Disclaimer