Karen Moscow

Bloomberg News has learned the board of the entertainment giant is aligning on promoting theme park division chairman Joss DeMauro to the role of chief executive.

The 54-year-old

has led the unit that delivers most of Disney's profits since 2020.

If approved, tomorrow will succeed Bob Iger.

Nathan, let's stay with AI.

And shares of Oracle, they are down almost 3.5% this morning.

The company plans to raise $45 billion to $50 billion this year to build additional cloud infrastructure capacity to meet demand.

Its largest cloud customers include advanced micro-devices, meta-platforms, NVIDIA, and OpenAI.

The announcement coincides with persistent fears about whether massive artificial intelligence-linked investments by tech companies such as Oracle will pay off.

Time now for the Bloomberg Sports Update, and we bring in John Stashower.

John.

Thanks, John.

And that's news when you want it with Bloomberg News Now.

I'm Karen Moscow.

Bloomberg Daybreak is your best way to get informed first thing in the morning, right in your podcast feed.

Hi, I'm Karen Moscow.

Listen to the Bloomberg Daybreak U.S.

edition podcast each morning for the stories that matter with the context you need.

Bloomberg Daybreak is your best way to get informed first thing in the morning, right in your podcast feed.

Hi, I'm Karen Moscow.