Today’s top stories: Disney investor day, OPEC+ cuts, WWE-Endeavor merger

Yahoo Finance Live’s Dave Briggs and Seana Smith take a look at several of Monday’s leading headlines.

Video transcript

SEANA SMITH: Well, it's closing time here at Yahoo Finance. Let's get you caught up on some of the biggest stories of the day.

First up, Disney holding its annual investor meeting. Now, the company announcing it will be investing $17 billion in its Walt Disney World property over the next 10 years, creating 13,000 jobs. CEO Bob Iger also firing back at Florida Governor Ron DeSantis, saying the governor's recent actions against the company are, quote, "antibusiness."

DAVE BRIGGS: Oil prices surging after OPEC Plus announced a cut over a million barrels worth of production per day. The move sent oil prices jumping 6%. However, those higher prices could cause inflation to be higher for longer, complicating things for the Fed.

SEANA SMITH: And finally, an entertainment tag team. WWE and UFC parent Endeavor agreeing to merge. They will form a new publicly traded company controlled by Endeavor, who will own 51%. And iconic WWE leader Vince McMahon will stay with the new company, serving as executive chairman.

DAVE BRIGGS: And that should be entertaining.