Welcome to Markets Desk, your midday read on the stories moving money and markets.
Disney has been tight-lipped about its cruise business for years, but a U.K. regulatory filing just blew the lid off. The company's fleet generated three billion dollars in its last fiscal year, and Disney is now planning a sixty billion dollar expansion adding five new ships — a capital commitment that reframes how investors should think about the company's physical asset base.
Shifting to the AI infrastructure trade, CoreWeave has shed forty-nine percent from its fifty-two week high, trading near seventy-seven dollars after a report that Meta intends to sell its own AI computing capacity into the market. That changes the competitive picture materially — CoreWeave built its business leasing GPU power to hyperscalers, and if those same customers become suppliers, the growth thesis gets complicated fast.
Meanwhile, a striking picture is emerging around AI equity wealth. Business Insider reports that an Anthropic employee who joined in twenty twenty-four with one point three million in equity could see that stake balloon dramatically as the company's valuation approaches nearly one trillion dollars ahead of a potential public offering — putting enormous pressure on San Francisco's tax and housing infrastructure to absorb a wave of liquid wealth unlike anything the city has seen.
That's the tape. Markets Desk, signing off the floor.
