The metal sell-off, Disney earnings, the 'Melania' movie and more in Morning Squawk

Good morning! As America welcomes six more weeks of winter, thanks to Punxsutawney Phil’s shadow sighting, the stock market is experiencing a downturn. Following a tough trading day, futures have begun to slide, leaving investors on edge. In January, the three major indexes had a positive run, but they ended the month on a disappointing note. Alarm bells are ringing in the market, particularly in the realms of silver and cryptocurrencies, as sell-offs raise concerns in speculative sectors. On a brighter note, Disney's financial report exceeded analyst expectations for its first fiscal quarter, resulting in a 3% increase in shares this morning. Notably, CFO Hugh Johnston highlighted that Disney's experiences division, which includes theme parks and cruises, achieved a record $10 billion in quarterly revenue. Investors are keenly awaiting news on who will succeed CEO Bob Iger, with the company’s board expected to meet this week to discuss the next steps. This week is packed with earnings announcements from major companies like PepsiCo, Chipotle, Alphabet, and Amazon, all of which will shape market sentiment. In political news, a partial government shutdown occurred over the weekend as Congress struggled to finalize a funding bill. Although the Senate approved a package, it awaits the House's approval before heading to President Trump's desk. House Speaker Mike Johnson expressed optimism that the shutdown could be resolved by Tuesday when the House reconvenes. Additionally, the Justice Department unveiled millions of documents related to the late Jeffrey Epstein, with prominent names such as Donald Trump and Elon Musk surfacing in the release. In the food industry, companies are moving to restructure as consumer demand dwindles and regulatory pressures mount. Kraft Heinz and Keurig Dr Pepper are among those contemplating splits, while Unilever recently spun off its ice cream business. A Bain survey indicated that 42% of M&A executives in the consumer sector are preparing for asset sales in the near future. In entertainment, Amazon's documentary about Melania Trump opened to impressive box office numbers, grossing $7 million, marking the highest debut for a non-music documentary in over ten years. The film attracted a significant audience of women and viewers over the age of 55, who collectively made up more than 70% of ticket sales. Despite the film's commercial success, it has received mixed reviews from critics. Stay tuned as we continue to follow these unfolding stories and their implications for investors and the broader market.