Oil Prices Plunge, The Ozempic Effect, Disney’s Dismal Run 10/5/23

Carl Quintanilla, Jim Cramer and David Faber began the hour by breaking down the drop in oil prices. WTI crude came off its worst day of 2023, and touched its lowest price since August. The anchors then shifted to weight loss drugs, with the Walmart U.S. CEO saying he’s seeing a “slight pullback” for certain food products because of Ozempic and other products. After the bell the anchors also mentioned Disney’s tough run, with shares dipping back below $80, its lowest level since Oct. 2014. Squawk on the Street Disclaimer