Disney's next CEO, Chipotle's traffic problem, government shutdown ends and more in Morning Squawk

In a significant development for the entertainment industry, Disney has named Josh D'Amaro as its new chief executive, set to take over from Bob Iger on March 18. D'Amaro currently leads Disney's rapidly expanding experiences division, and his appointment comes at a time when the company is navigating a complex market landscape. Stock futures are showing an upward trend this morning, recovering from a recent downturn that saw the Nasdaq Composite drop over 1%. The S&P 500 also experienced a decline of nearly 1%, primarily influenced by struggling technology stocks. However, there were some positive highlights, including Walmart reaching a $1 trillion market cap and PepsiCo seeing nearly a 5% rise after surpassing Wall Street's earnings expectations. On the other hand, Chipotle's stock fell by more than 5% following a report of declining customer traffic for the fourth consecutive quarter. The fast-casual restaurant chain revealed a 1.7% drop in same-store sales for 2025, marking its first annual decline since 2016, with no immediate recovery in sight as expectations for flat sales continue through 2026. The company has been implementing strategies like introducing 'protein cups' and moderating price increases to attract customers back. In the political arena, President Trump has signed a bill to reopen the federal government after a partial shutdown that began over the weekend. This legislation, narrowly passed by the House of Representatives, funds several government departments through the fiscal year but only provides temporary support for the Department of Homeland Security, necessitating further negotiations. Additionally, Novo Nordisk has issued a cautious forecast for sales and profit growth, resulting in a significant drop of over 14% in its U.S.-listed shares. The company faces challenges from pricing agreements with the Trump administration and the loss of exclusivity for its popular medications. Conversely, Eli Lilly shares surged by more than 8% in premarket trading after the pharmaceutical company exceeded expectations for the fourth quarter and provided an optimistic revenue outlook driven by the demand for its products. In the tech sector, Nvidia's CEO Jensen Huang addressed rumors of tension between Nvidia and OpenAI, emphasizing their ongoing partnership and the substantial investment Nvidia has pledged to the AI company. Today's market updates will further illuminate these evolving stories.