Bloomberg Intelligence
BI Weekend: Disney Earnings, EV Latest
Nov 15, 2024
Max Chafkin, a senior reporter at Bloomberg Businessweek, dives into Elon Musk's financial backing of Donald Trump's campaign and his potential role in a Trump administration. The discussion highlights the implications of Musk's influence on policy, particularly concerning electric vehicles. Plus, insights into Disney's recent earnings are shared, emphasizing its stable financial outlook amidst industry challenges. The conversation also touches on how a shift in administration could reshape the EV market and impact traditional oil industries.
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Quick takeaways
- Disney's latest earnings report shows improved guidance and a shift in investor confidence, with expectations of high single-digit growth ahead.
- Elon Musk's advisory role in Trump's administration raises concerns about potential conflicts of interest that could reshape regulations in the EV market.
Deep dives
The Impact of Disney's Earnings Report
Disney's recent earnings report showcased a significant improvement in guidance across its various segments, marking a notable shift in investor perception. The company outlined detailed forecasts for each subdivision, including theme parks and streaming, eliminating previous investor uncertainties. Analysts highlighted a projected growth in earnings per share, with expectations of high single-digit growth in the near term, which contrasts sharply with earlier conservative predictions. Despite challenges like recent hurricanes affecting cruise ship launches, the report's clarity has reignited investor confidence, suggesting positive trends for the company's financial future.
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