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Wednesday, February 09, 2022 13:21:08 UTC

Disney's earnings today may recapture some momentum, with the stock down 30% from its all-time high of $202 a year ago. The Mouse is also now spending big on sports.

The rebound of post-pandemic traffic in its theme parks division has been gradual in recent quarters, while its reliance on streaming has witnessed a decrease in subscribers. The Mouse is still spending heavily on its content portfolio, particularly sports, with a budget of up to $33 billion set out for fiscal 2022.(More)

#dis #waltdisney #disney #disneyland #viacom #sports #earnings

Tuesday, January 11, 2022 14:18:28 UTC

The Federal Reserve's newest bank loan data supports Bank of America Securities' "NII [net interest income] to the sky" slogan for U.S. banks, says Mike Mayo.

Total loan increase in Q4 was 2%, excluding PPP loans, due to consumer, real estate, and better-than-expected core commercial loans, he added.

Banks such as Bank of America (NYSE:BAC), PNC Financial (NYSE:PNC), Truist Financial (NYSE:TFC), and U.S. Bancorp (NYSE:USB), as well as regional banks and others, could benefit from this, the stock analyst noted.

"Conclusion: When profits are published later this week and next week, we expect improved loan growth expectations," Mayo says.(More)

BOFA: NET INTEREST INCOME 'TO THE SKY'

Tuesday, January 11, 2022 14:18:28 UTC

The Federal Reserve's newest bank loan data supports Bank of America Securities' "NII [net interest income] to the sky" slogan for U.S. banks, says Mike Mayo.

Total loan increase in Q4 was 2%, excluding PPP loans, due to consumer, real estate, and better-than-expected core commercial loans, he added.

Banks such as Bank of America (NYSE:BAC), PNC Financial (NYSE:PNC), Truist Financial (NYSE:TFC), and U.S. Bancorp (NYSE:USB), as well as regional banks and others, could benefit from this, the stock analyst noted.

"Conclusion: When profits are published later this week and next week, we expect improved loan growth expectations," Mayo says.

#bac #bankofamerica #pnc #tfc #usb #mikemayo


Monday, December 20, 2021 12:33:45 UTC

Stocks responded negatively in pre-market today when Sen. Mancin rejected Biden's Build Back Better plan Sunday with a sarcastic comment about its flaws.

With his quickly arranged interview on Fox, Mancin make a sarcastic comment about the BBB flaws, slashing Biden's economic agenda, and his presidency.

U.S. futures fell at least 1%, while European shares trimmed losses. Treasuries rose and the dollar kept its gains from Friday, while crude oil fell on concerns that mobility restrictions imposed to alleviate the strain will affect demand.(More)

STOCKS FALL AFTER MANCHIN BBB SHOCKER

Monday, December 20, 2021 12:33:45 UTC

Stocks responded negatively in pre-market today when Sen. Mancin rejected Biden's Build Back Better plan Sunday with a sarcastic comment about its flaws.

With his quickly arranged interview on Fox, Mancin make a sarcastic comment about the BBB flaws, slashing Biden's economic agenda, and his presidency.

U.S. futures fell at least 1%, while European shares trimmed losses. Treasuries rose and the dollar kept its gains from Friday, while crude oil fell on concerns that mobility restrictions imposed to alleviate the strain will affect demand.

#moderna #pfizer #vaccine #covid #omicron #buildbackbetter #joebiden #joemanchin


INFLATION EXPECTATION HIGHEST SINCE 2008

10.13.21 9:31 PM UTC

New inflation expectation numbers are the highest since the economic crash of 2008. Supply chain disruptions, bottlenecks, and malfunctioning mandates all to blame.

#inflation #transitory #thefed


INFLATION EXPECTATION HIGHEST SINCE 2008

Wednesday, October 13, 2021 21:31:40 UTC

New inflation expectation numbers are the highest since the economic crash of 2008. Supply chain disruptions, bottlenecks, and malfunctioning mandates all to blame.

#inflation #transitory #thefed #pullback #economy