Hello! Jim Cramer is known to take some heat for his stock picks, but it was his bashing of GameStop’s 2021 meme rally that led him to hire a bodyguard.
In today’s big story, Jimmy Kimmel returns to the late-night airways.
What’s on deck:
Markets: With rate cuts rolling in, are you wondering how to invest? Wall Street has some ideas.
Tech: Nvidia and OpenAI now have 100 billion reasons to help each other succeed.
Business: There still isn’t a deal to keep TikTok in the US, but here’s what one could look like.
But first, give a big round of applause (or don’t) for my next guest.
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The big story
Kimmel’s comeback
It turns out “Jimmy Kimmel Live!” isn’t going anywhere just yet.
Less than a week after being suspended “indefinitely” over comments regarding Charlie Kirk, Jimmy Kimmel is scheduled to return to late-night television tonight.
(If you’re completely out of the loop, we recapped all the Kimmel drama and why it matters in Friday’s newsletter.)
In a statement that probably went through more lawyers and PR people than I can count, Disney said it pulled Kimmel off the air “to avoid further inflaming a tense situation at an emotional moment for our country.” Kimmel’s comments were “ill-timed” and “insensitive,” the House of Mouse added
However, after some “thoughtful conversations with Jimmy,” Disney is bringing the show back.
Reactions from both ends of the spectrum quickly followed. Other late-night hosts welcomed his return. Some high-profile celebs and politicians celebrated the move as a win for free speech (California Gov. Gavin Newsom, Zohran Mamdani). Others felt Disney caved (Turning Point USA spokesman Andrew Kolvet).
Kimmel’s return comes with a slight caveat: Some viewers might still be unable to watch the show. That’s because Sinclair, which played a key role in Kimmel’s initial suspension, said it would not air the show on the 39 ABC affiliate stations it owns or controls.
Sinclair, which is the largest ABC affiliate, said it will air news programming instead and that discussions with ABC about the show’s return are “ongoing.” Sinclair had issued a list of demands it wanted met before bringing the show back.
Meanwhile, FCC Chair Brendan Carr referred BI to comments he made earlier Monday, in which he reiterated his agency’s goal of trying to “empower local TV stations to serve the needs of the local communities.”
Carr, who last week said, “This is a very, very serious issue right now for Disney. We can do this the easy way or the hard way,” also pushed back on the idea that the FCC threatened to revoke Disney and ABC’s licenses if they didn’t fire Kimmel.
In the meantime, Disney finds itself in a tricky situation.
On the one hand, reinstating Kimmel is bound to make plenty of people happy. More than 400 celebrities signed a letter in support of Kimmel. There were also calls to boycott Disney due to the suspension.
But those who felt Kimmel’s suspension was justified aren’t likely to be happy about his return. (Whether they were supporters of Disney in the first place remains to be seen.) And even those who welcome Kimmel’s return might still resent Disney for initially suspending him.
And then there’s the question of late night. The TV model for late-night shows was already fragile long before last week. But now that Kimmel and his show have become a lightning rod, any decision about the show going forward will be viewed with a magnifying glass and likely lead to more controversy.
3 things in markets
Crypto prices tanked after hordes of traders rushed to liquidate their positions. Over 407,000 investors dumped positions on the crypto derivatives market in the 24 hours leading up to Monday, according to Coinglass data. Bitcoin fell 3%, while ethereum and dogecoin dropped as much as 9%.
A new chapter for the stock market. The Fed’s recent rate cut was met with a mostly neutral market response, but Wall Street forecasters are eyeing new investment opportunities. Here’s where Bank of America, Goldman Sachs, and others think investors should put their money.
Tylenol maker’s stock tanks. News of the White House planning to link the use of Tylenol during pregnancy to autism caused shares for the drugmaker, Kenvue, to fall as much as 8%.
3 things in tech
The AI Avengers have assembled. Nvidia and OpenAI are teaming up in an AI infrastructure deal that has the chipmaker investing up to $100 billion in OpenAI. This includes OpenAI constructing “at least 10 gigawatts” of AI data centers running Nvidia systems. Nvidia’s stock jumped as much as 5% on news of the agreement, helping to push the S&P 500 to a fresh record high. And in case you’re wondering how much $100 billion really is, BI’s Katie Notopoulos puts things into perspective.
The jobs most — and least — likely to be transformed by generative AI. Indeed created the GenAI Skill Transformation Index to measure how generative AI will affect jobs or certain skills. From its findings, one overall message was clear: No job is totally immune, but not all jobs are equally exposed.
The H-1B fee is coming at a terrible time for Big Tech. IT outsourcing giants and tech companies were already navigating tariff threats, generative AI, and more. Now the new rules could upend their staffing models, according to analysts at TD Cowen who assessed the potential damage of Trump’s new H-1B visa fee. Meanwhile, unionized Google employees held a press conference urging their employer to speak out against the matter.
3 things in business
TikTok (US version). The deal — which could land by the end of the week, according to the White House — could see a consortium of US investors, including Larry Ellison and potentially the Murdochs, buy TikTok’s US assets. Post-sale, Oracle, which already serves as TikTok’s data and security provider in the US, would also control TikTok’s algorithm in partnership with the US government.
Meet your new matchmaker: AI. Facebook Dating thinks its AI assistant can cure swiping fatigue. The new feature is a chatbot experience that helps users find matches based on what’s publicly available on a user’s profile. It can help you craft a good pickup line, too.
Ready to quit your job? The tough labor market has made quitting your job in 2025 only a dream for some. That’s also why it’s extra important to quit the right way when you’re ready to leave. Here are three things to consider — plus, what to avoid discussing in the exit interview.
In other news
Americans are terrified of stock-market crashes. One Yale professor says they shouldn’t be.
Tech titans on trial: Amazon and Google square off with the US government in separate cases.
Oracle’s succession plan comes into clear view as its stock skyrockets.
20 tech giants that could be hit hardest by President Donald Trump’s $100,000 H-1B visa fees.
Mark Zuckerberg says he was offered one of the first models of a $585,000 watch. He got the prototype instead.
Video: How this 106-year-old World War II Navy vet survived a kamikaze attack.
Tom Holland was injured after a stunt gone wrong on the set of ‘Spider-Man: Brand New Day,’ reports say.
Charlie Javice says she can’t fly, requests 2nd delay in JPMorgan Chase fraud sentencing.
What’s happening today
- President Trump addresses U.N. General Assembly.
- NASA IMAP mission to study sun’s heliosphere launches.
- Kamala Harris publishes book on her presidential campaign.
Dan DeFrancesco, deputy executive editor and anchor, in New York. Meghan Morris, bureau chief, in Singapore. Akin Oyedele, deputy editor, in New York. Grace Lett, editor, in New York.
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